FNCL vs. FDVV
Compare and contrast key facts about Fidelity MSCI Financials Index ETF (FNCL) and Fidelity High Dividend ETF (FDVV).
FNCL and FDVV 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. FDVV is a passively managed fund by Fidelity that tracks the performance of the Fidelity Core Dividend Index. It was launched on Sep 12, 2016. Both FNCL and FDVV are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
FNCL vs. FDVV - Performance Comparison
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FNCL vs. FDVV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FNCL Fidelity MSCI Financials Index ETF | -9.21% | 14.94% | 30.44% | 14.10% | -12.28% | 34.92% | -2.19% | 31.59% | -13.44% | 19.99% |
FDVV Fidelity High Dividend ETF | -1.50% | 17.08% | 21.81% | 18.00% | -4.21% | 29.24% | 2.80% | 24.07% | -1.26% | 14.00% |
Returns By Period
In the year-to-date period, FNCL achieves a -9.21% return, which is significantly lower than FDVV's -1.50% return.
FNCL
- 1D
- -0.04%
- 1M
- -3.56%
- YTD
- -9.21%
- 6M
- -6.36%
- 1Y
- 2.88%
- 3Y*
- 17.95%
- 5Y*
- 9.30%
- 10Y*
- 12.24%
FDVV
- 1D
- 0.29%
- 1M
- -4.85%
- YTD
- -1.50%
- 6M
- 0.38%
- 1Y
- 15.18%
- 3Y*
- 17.01%
- 5Y*
- 12.74%
- 10Y*
- —
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FNCL vs. FDVV - Expense Ratio Comparison
FNCL has a 0.08% expense ratio, which is lower than FDVV's 0.29% expense ratio.
Return for Risk
FNCL vs. FDVV — Risk / Return Rank
FNCL
FDVV
FNCL vs. FDVV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity MSCI Financials Index ETF (FNCL) and Fidelity High Dividend ETF (FDVV). 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 | FDVV | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.14 | 1.00 | -0.85 |
Sortino ratioReturn per unit of downside risk | 0.33 | 1.44 | -1.11 |
Omega ratioGain probability vs. loss probability | 1.05 | 1.23 | -0.18 |
Calmar ratioReturn relative to maximum drawdown | 0.18 | 1.23 | -1.05 |
Martin ratioReturn relative to average drawdown | 0.53 | 5.34 | -4.81 |
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 | FDVV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.14 | 1.00 | -0.85 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.48 | 0.87 | -0.39 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.55 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.52 | 0.74 | -0.22 |
Correlation
The correlation between FNCL and FDVV is 0.81, 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.
Dividends
FNCL vs. FDVV - Dividend Comparison
FNCL's dividend yield for the trailing twelve months is around 1.75%, less than FDVV's 2.99% 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% |
FDVV Fidelity High Dividend ETF | 2.99% | 2.89% | 2.94% | 3.77% | 3.44% | 2.70% | 3.19% | 3.93% | 4.05% | 3.66% | 1.04% | 0.00% |
Drawdowns
FNCL vs. FDVV - Drawdown Comparison
The maximum FNCL drawdown since its inception was -44.38%, which is greater than FDVV's maximum drawdown of -40.25%. Use the drawdown chart below to compare losses from any high point for FNCL and FDVV.
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Drawdown Indicators
| FNCL | FDVV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.38% | -40.25% | -4.13% |
Max Drawdown (1Y)Largest decline over 1 year | -14.78% | -12.34% | -2.44% |
Max Drawdown (5Y)Largest decline over 5 years | -25.68% | -20.18% | -5.50% |
Max Drawdown (10Y)Largest decline over 10 years | -44.38% | — | — |
Current DrawdownCurrent decline from peak | -11.97% | -6.78% | -5.19% |
Average DrawdownAverage peak-to-trough decline | -6.89% | -3.85% | -3.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.98% | 2.84% | +2.14% |
Volatility
FNCL vs. FDVV - Volatility Comparison
Fidelity MSCI Financials Index ETF (FNCL) has a higher volatility of 4.88% compared to Fidelity High Dividend ETF (FDVV) at 4.47%. This indicates that FNCL's price experiences larger fluctuations and is considered to be riskier than FDVV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FNCL | FDVV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.88% | 4.47% | +0.41% |
Volatility (6M)Calculated over the trailing 6-month period | 11.74% | 7.68% | +4.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.99% | 15.32% | +4.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.33% | 14.74% | +4.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.35% | 17.08% | +5.27% |