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FNCL vs. KBE
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between FNCL and KBE is 0.91, 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.


-0.50.00.51.00.9

Performance

FNCL vs. KBE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity MSCI Financials Index ETF (FNCL) and SPDR S&P Bank ETF (KBE). The values are adjusted to include any dividend payments, if applicable.

100.00%150.00%200.00%250.00%JulyAugustSeptemberOctoberNovemberDecember
249.58%
127.33%
FNCL
KBE

Key characteristics

Sharpe Ratio

FNCL:

2.21

KBE:

0.99

Sortino Ratio

FNCL:

3.16

KBE:

1.62

Omega Ratio

FNCL:

1.41

KBE:

1.20

Calmar Ratio

FNCL:

4.39

KBE:

1.05

Martin Ratio

FNCL:

14.68

KBE:

5.51

Ulcer Index

FNCL:

2.26%

KBE:

4.68%

Daily Std Dev

FNCL:

15.00%

KBE:

26.10%

Max Drawdown

FNCL:

-44.38%

KBE:

-83.15%

Current Drawdown

FNCL:

-5.74%

KBE:

-11.03%

Returns By Period

In the year-to-date period, FNCL achieves a 30.73% return, which is significantly higher than KBE's 23.85% return. Over the past 10 years, FNCL has outperformed KBE with an annualized return of 11.26%, while KBE has yielded a comparatively lower 7.63% annualized return.


FNCL

YTD

30.73%

1M

-2.28%

6M

19.99%

1Y

31.91%

5Y*

11.60%

10Y*

11.26%

KBE

YTD

23.85%

1M

-5.95%

6M

26.33%

1Y

24.55%

5Y*

6.14%

10Y*

7.63%

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FNCL vs. KBE - Expense Ratio Comparison

FNCL has a 0.08% expense ratio, which is lower than KBE's 0.35% expense ratio.


KBE
SPDR S&P Bank ETF
Expense ratio chart for KBE: current value at 0.35% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.35%
Expense ratio chart for FNCL: current value at 0.08% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.08%

Risk-Adjusted Performance

FNCL vs. KBE - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity MSCI Financials Index ETF (FNCL) and SPDR S&P Bank ETF (KBE). 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.


Sharpe ratio
The chart of Sharpe ratio for FNCL, currently valued at 2.21, compared to the broader market0.002.004.002.210.99
The chart of Sortino ratio for FNCL, currently valued at 3.16, compared to the broader market-2.000.002.004.006.008.0010.003.161.62
The chart of Omega ratio for FNCL, currently valued at 1.41, compared to the broader market0.501.001.502.002.503.001.411.20
The chart of Calmar ratio for FNCL, currently valued at 4.39, compared to the broader market0.005.0010.0015.004.391.05
The chart of Martin ratio for FNCL, currently valued at 14.68, compared to the broader market0.0020.0040.0060.0080.00100.0014.685.51
FNCL
KBE

The current FNCL Sharpe Ratio is 2.21, which is higher than the KBE Sharpe Ratio of 0.99. The chart below compares the historical Sharpe Ratios of FNCL and KBE, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio1.002.003.004.00JulyAugustSeptemberOctoberNovemberDecember
2.21
0.99
FNCL
KBE

Dividends

FNCL vs. KBE - Dividend Comparison

FNCL's dividend yield for the trailing twelve months is around 1.52%, less than KBE's 1.73% yield.


TTM20232022202120202019201820172016201520142013
FNCL
Fidelity MSCI Financials Index ETF
1.52%1.91%2.29%1.75%2.26%2.17%2.37%1.60%1.81%2.17%1.77%0.43%
KBE
SPDR S&P Bank ETF
1.73%2.78%2.99%2.16%2.44%2.33%2.18%1.35%1.39%1.69%1.59%1.37%

Drawdowns

FNCL vs. KBE - Drawdown Comparison

The maximum FNCL drawdown since its inception was -44.38%, smaller than the maximum KBE drawdown of -83.15%. Use the drawdown chart below to compare losses from any high point for FNCL and KBE. For additional features, visit the drawdowns tool.


-20.00%-15.00%-10.00%-5.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-5.74%
-11.03%
FNCL
KBE

Volatility

FNCL vs. KBE - Volatility Comparison

The current volatility for Fidelity MSCI Financials Index ETF (FNCL) is 5.06%, while SPDR S&P Bank ETF (KBE) has a volatility of 7.23%. This indicates that FNCL experiences smaller price fluctuations and is considered to be less risky than KBE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


2.00%4.00%6.00%8.00%10.00%12.00%14.00%JulyAugustSeptemberOctoberNovemberDecember
5.06%
7.23%
FNCL
KBE
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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