FDCF vs. MGC
Compare and contrast key facts about Fidelity Disruptive Communications ETF (FDCF) and Vanguard Mega Cap ETF (MGC).
FDCF and MGC 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. MGC is a passively managed fund by Vanguard that tracks the performance of the CRSP US Mega Cap Index. It was launched on Dec 17, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FDCF or MGC.
Key characteristics
| FDCF | MGC | |
|---|---|---|
| YTD Return | 31.86% | 28.33% |
| 1Y Return | 48.38% | 38.32% |
| Sharpe Ratio | 2.59 | 3.00 |
| Sortino Ratio | 3.37 | 3.94 |
| Omega Ratio | 1.46 | 1.56 |
| Calmar Ratio | 3.48 | 4.21 |
| Martin Ratio | 13.04 | 19.28 |
| Ulcer Index | 3.72% | 1.98% |
| Daily Std Dev | 18.75% | 12.74% |
| Max Drawdown | -14.27% | -52.20% |
| Current Drawdown | -1.40% | -0.18% |
Correlation
The correlation between FDCF and MGC is 0.84, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
FDCF vs. MGC - Performance Comparison
In the year-to-date period, FDCF achieves a 31.86% return, which is significantly higher than MGC's 28.33% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FDCF vs. MGC - Expense Ratio Comparison
FDCF has a 0.50% expense ratio, which is higher than MGC's 0.07% expense ratio.
Risk-Adjusted Performance
FDCF vs. MGC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Disruptive Communications ETF (FDCF) and Vanguard Mega Cap ETF (MGC). 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.
Dividends
FDCF vs. MGC - Dividend Comparison
FDCF's dividend yield for the trailing twelve months is around 0.07%, less than MGC's 1.16% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FDCF Fidelity Disruptive Communications ETF | 0.07% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
MGC Vanguard Mega Cap ETF | 1.16% | 1.35% | 1.65% | 1.17% | 1.45% | 1.81% | 2.10% | 1.82% | 2.14% | 2.11% | 1.81% | 1.86% |
Drawdowns
FDCF vs. MGC - Drawdown Comparison
The maximum FDCF drawdown since its inception was -14.27%, smaller than the maximum MGC drawdown of -52.20%. Use the drawdown chart below to compare losses from any high point for FDCF and MGC. For additional features, visit the drawdowns tool.
Volatility
FDCF vs. MGC - Volatility Comparison
Fidelity Disruptive Communications ETF (FDCF) has a higher volatility of 4.49% compared to Vanguard Mega Cap ETF (MGC) at 4.13%. This indicates that FDCF's price experiences larger fluctuations and is considered to be riskier than MGC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.