FNCL vs. FBND
Compare and contrast key facts about Fidelity MSCI Financials Index ETF (FNCL) and Fidelity Total Bond ETF (FBND).
FNCL and FBND are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. FBND is an actively managed fund by Fidelity. It was launched on Oct 6, 2014.
Performance
FNCL vs. FBND - Performance Comparison
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FNCL vs. FBND - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FNCL Fidelity MSCI Financials Index ETF | -9.17% | 14.94% | 30.44% | 14.10% | -12.28% | 34.92% | -2.19% | 31.59% | -13.44% | 19.99% |
FBND Fidelity Total Bond ETF | 0.14% | 7.57% | 2.13% | 6.81% | -12.54% | -0.43% | 9.41% | 9.82% | -0.57% | 3.52% |
Returns By Period
In the year-to-date period, FNCL achieves a -9.17% return, which is significantly lower than FBND's 0.14% return. Over the past 10 years, FNCL has outperformed FBND with an annualized return of 12.25%, while FBND has yielded a comparatively lower 2.79% annualized return.
FNCL
- 1D
- 2.23%
- 1M
- -3.42%
- YTD
- -9.17%
- 6M
- -7.18%
- 1Y
- 2.69%
- 3Y*
- 17.96%
- 5Y*
- 9.30%
- 10Y*
- 12.25%
FBND
- 1D
- 0.31%
- 1M
- -1.78%
- YTD
- 0.14%
- 6M
- 1.01%
- 1Y
- 4.73%
- 3Y*
- 4.42%
- 5Y*
- 1.01%
- 10Y*
- 2.79%
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FNCL vs. FBND - Expense Ratio Comparison
FNCL has a 0.08% expense ratio, which is lower than FBND's 0.36% expense ratio.
Return for Risk
FNCL vs. FBND — Risk / Return Rank
FNCL
FBND
FNCL vs. FBND - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity MSCI Financials Index ETF (FNCL) and Fidelity Total Bond ETF (FBND). 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.
| FNCL | FBND | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.14 | 1.07 | -0.94 |
Sortino ratioReturn per unit of downside risk | 0.32 | 1.50 | -1.18 |
Omega ratioGain probability vs. loss probability | 1.05 | 1.19 | -0.14 |
Calmar ratioReturn relative to maximum drawdown | 0.26 | 1.82 | -1.56 |
Martin ratioReturn relative to average drawdown | 0.79 | 5.71 | -4.92 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FNCL | FBND | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.14 | 1.07 | -0.94 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.48 | 0.17 | +0.31 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.55 | 0.46 | +0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.52 | 0.44 | +0.08 |
Correlation
The correlation between FNCL and FBND is -0.04. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
FNCL vs. FBND - Dividend Comparison
FNCL's dividend yield for the trailing twelve months is around 1.75%, less than FBND's 4.73% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FNCL Fidelity MSCI Financials Index ETF | 1.75% | 1.45% | 1.52% | 1.91% | 2.29% | 1.75% | 2.26% | 2.17% | 2.37% | 1.60% | 1.81% | 2.17% |
FBND Fidelity Total Bond ETF | 4.73% | 4.70% | 4.73% | 4.26% | 3.07% | 1.86% | 4.25% | 2.90% | 2.93% | 2.56% | 2.84% | 3.26% |
Drawdowns
FNCL vs. FBND - Drawdown Comparison
The maximum FNCL drawdown since its inception was -44.38%, which is greater than FBND's maximum drawdown of -17.25%. Use the drawdown chart below to compare losses from any high point for FNCL and FBND.
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Drawdown Indicators
| FNCL | FBND | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.38% | -17.25% | -27.13% |
Max Drawdown (1Y)Largest decline over 1 year | -14.78% | -2.79% | -11.99% |
Max Drawdown (5Y)Largest decline over 5 years | -25.68% | -17.25% | -8.43% |
Max Drawdown (10Y)Largest decline over 10 years | -44.38% | -17.25% | -27.13% |
Current DrawdownCurrent decline from peak | -11.94% | -1.78% | -10.16% |
Average DrawdownAverage peak-to-trough decline | -6.89% | -3.38% | -3.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.92% | 0.89% | +4.03% |
Volatility
FNCL vs. FBND - Volatility Comparison
Fidelity MSCI Financials Index ETF (FNCL) has a higher volatility of 4.88% compared to Fidelity Total Bond ETF (FBND) at 1.66%. This indicates that FNCL's price experiences larger fluctuations and is considered to be riskier than FBND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FNCL | FBND | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.88% | 1.66% | +3.22% |
Volatility (6M)Calculated over the trailing 6-month period | 11.75% | 2.62% | +9.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.02% | 4.45% | +15.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.34% | 5.90% | +13.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.35% | 6.09% | +16.26% |