FDFF vs. FNCL
Compare and contrast key facts about Fidelity Disruptive Finance ETF (FDFF) and Fidelity MSCI Financials Index ETF (FNCL).
FDFF and FNCL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FDFF is an actively managed fund by Fidelity. It was launched on Apr 16, 2020. FNCL is a passively managed fund by Fidelity that tracks the performance of the MSCI USA IMI Financials Index. It was launched on Oct 21, 2013.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FDFF or FNCL.
Key characteristics
| FDFF | FNCL | |
|---|---|---|
| YTD Return | 24.14% | 33.46% |
| 1Y Return | 45.83% | 52.17% |
| Sharpe Ratio | 2.87 | 3.58 |
| Sortino Ratio | 3.85 | 5.06 |
| Omega Ratio | 1.50 | 1.66 |
| Calmar Ratio | 4.40 | 3.01 |
| Martin Ratio | 10.62 | 25.43 |
| Ulcer Index | 4.32% | 2.05% |
| Daily Std Dev | 15.98% | 14.55% |
| Max Drawdown | -13.47% | -44.38% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between FDFF and FNCL is 0.78, 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
FDFF vs. FNCL - Performance Comparison
In the year-to-date period, FDFF achieves a 24.14% return, which is significantly lower than FNCL's 33.46% 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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FDFF vs. FNCL - Expense Ratio Comparison
FDFF has a 0.50% expense ratio, which is higher than FNCL's 0.08% expense ratio.
Risk-Adjusted Performance
FDFF vs. FNCL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Disruptive Finance ETF (FDFF) and Fidelity MSCI Financials Index ETF (FNCL). 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
FDFF vs. FNCL - Dividend Comparison
FDFF's dividend yield for the trailing twelve months is around 0.75%, less than FNCL's 1.42% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FDFF Fidelity Disruptive Finance ETF | 0.75% | 0.27% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FNCL Fidelity MSCI Financials Index ETF | 1.42% | 1.91% | 2.29% | 1.75% | 2.26% | 2.17% | 2.37% | 1.60% | 1.81% | 2.17% | 1.77% | 0.43% |
Drawdowns
FDFF vs. FNCL - Drawdown Comparison
The maximum FDFF drawdown since its inception was -13.47%, smaller than the maximum FNCL drawdown of -44.38%. Use the drawdown chart below to compare losses from any high point for FDFF and FNCL. For additional features, visit the drawdowns tool.
Volatility
FDFF vs. FNCL - Volatility Comparison
The current volatility for Fidelity Disruptive Finance ETF (FDFF) is 5.54%, while Fidelity MSCI Financials Index ETF (FNCL) has a volatility of 7.47%. This indicates that FDFF experiences smaller price fluctuations and is considered to be less risky than FNCL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.