FDCF vs. IYZ

Last updated Apr 2, 2026

Compare and contrast key facts about Fidelity Disruptive Communications ETF (FDCF) and iShares U.S. Telecommunications ETF (IYZ).

FDCF and IYZ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FDCF is an actively managed fund by Fidelity. It was launched on Apr 16, 2020. IYZ is a passively managed fund by iShares that tracks the performance of the Dow Jones U.S. Select Telecommunications Index. It was launched on May 22, 2000.

Performance

FDCF vs. IYZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Disruptive Communications ETF (FDCF) and iShares U.S. Telecommunications ETF (IYZ). The values are adjusted to include any dividend payments, if applicable.

FDCF vs. IYZ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
FDCF Fidelity Disruptive Communications ETF	-9.91%	27.42%	28.37%	16.39%
IYZ iShares U.S. Telecommunications ETF	16.87%	29.28%	20.53%	5.45%

Returns By Period

In the year-to-date period, FDCF achieves a -9.91% return, which is significantly lower than IYZ's 16.87% return.

FDCF

• 1D: 0.62%
• 1M: -5.81%
• YTD: -9.91%
• 6M: -12.31%
• 1Y: 16.46%
• 3Y*: —
• 5Y*: —
• 10Y*: —

IYZ

• 1D: 0.38%
• 1M: -1.44%
• YTD: 16.87%
• 6M: 22.58%
• 1Y: 46.59%
• 3Y*: 22.07%
• 5Y*: 6.25%
• 10Y*: 4.93%

*Multi-year figures are annualized to reflect compound growth (CAGR)

FDCF vs. IYZ - Expense Ratio Comparison

FDCF has a 0.50% expense ratio, which is higher than IYZ's 0.42% expense ratio.

FDCF

Fidelity Disruptive Communications ETF

IYZ

iShares U.S. Telecommunications ETF

Return for Risk

FDCF vs. IYZ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FDCF

FDCF Risk / Return Rank: 36
FDCF Sharpe Ratio Rank: 36
FDCF Sortino Ratio Rank: 37
FDCF Omega Ratio Rank: 36
FDCF Calmar Ratio Rank: 36
FDCF Martin Ratio Rank: 33

IYZ

IYZ Risk / Return Rank: 95
IYZ Sharpe Ratio Rank: 95
IYZ Sortino Ratio Rank: 95
IYZ Omega Ratio Rank: 94
IYZ Calmar Ratio Rank: 95
IYZ Martin Ratio Rank: 96

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FDCF vs. IYZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Disruptive Communications ETF (FDCF) and iShares U.S. Telecommunications ETF (IYZ). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	FDCF	IYZ	Difference
Sharpe ratio Return per unit of total volatility	0.72	2.51	-1.79
Sortino ratio Return per unit of downside risk	1.13	3.14	-2.01
Omega ratio Gain probability vs. loss probability	1.15	1.45	-0.30
Calmar ratio Return relative to maximum drawdown	0.98	4.23	-3.25
Martin ratio Return relative to average drawdown	3.02	18.54	-15.52
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FDCF vs. IYZ - Sharpe Ratio Comparison

The current FDCF Sharpe Ratio is 0.72, which is lower than the IYZ Sharpe Ratio of 2.51. The chart below compares the historical Sharpe Ratios of FDCF and IYZ, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	FDCF	IYZ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.72	2.51	-1.79
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.34	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.26	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.03	0.05	+0.98

Correlation

The correlation between FDCF and IYZ is 0.58, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

FDCF vs. IYZ - Dividend Comparison

FDCF's dividend yield for the trailing twelve months is around 0.04%, less than IYZ's 1.70% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FDCF Fidelity Disruptive Communications ETF	0.04%	0.09%	0.25%	0.19%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
IYZ iShares U.S. Telecommunications ETF	1.70%	2.04%	1.94%	2.27%	2.55%	2.51%	2.60%	2.36%	2.15%	3.54%	2.27%	1.98%

Drawdowns

FDCF vs. IYZ - Drawdown Comparison

The maximum FDCF drawdown since its inception was -22.53%, smaller than the maximum IYZ drawdown of -77.11%. Use the drawdown chart below to compare losses from any high point for FDCF and IYZ.

Drawdown Indicators

	FDCF	IYZ	Difference
Max Drawdown Largest peak-to-trough decline	-22.53%	-77.11%	+54.58%
Max Drawdown (1Y) Largest decline over 1 year	-18.10%	-11.12%	-6.98%
Max Drawdown (5Y) Largest decline over 5 years	—	-39.74%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-39.74%	—
Current Drawdown Current decline from peak	-13.97%	-3.28%	-10.69%
Average Drawdown Average peak-to-trough decline	-4.16%	-40.40%	+36.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.87%	2.54%	+3.33%

Volatility

FDCF vs. IYZ - Volatility Comparison

Fidelity Disruptive Communications ETF (FDCF) has a higher volatility of 8.06% compared to iShares U.S. Telecommunications ETF (IYZ) at 6.93%. This indicates that FDCF's price experiences larger fluctuations and is considered to be riskier than IYZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FDCF	IYZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.06%	6.93%	+1.13%
Volatility (6M) Calculated over the trailing 6-month period	14.45%	12.82%	+1.63%
Volatility (1Y) Calculated over the trailing 1-year period	23.02%	18.68%	+4.34%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.75%	18.31%	+2.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.75%	19.06%	+1.69%