FNCL vs. PSCF
Compare and contrast key facts about Fidelity MSCI Financials Index ETF (FNCL) and Invesco S&P SmallCap Financials ETF (PSCF).
FNCL and PSCF 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. PSCF is a passively managed fund by Invesco that tracks the performance of the S&P SmallCap 600 Financials Index. It was launched on Apr 7, 2010. Both FNCL and PSCF are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FNCL or PSCF.
Key characteristics
| FNCL | PSCF | |
|---|---|---|
| YTD Return | 12.07% | 0.28% |
| 1Y Return | 34.61% | 24.88% |
| 3Y Return (Ann) | 6.03% | -3.01% |
| 5Y Return (Ann) | 11.28% | 1.59% |
| 10Y Return (Ann) | 11.11% | 5.99% |
| Sharpe Ratio | 2.71 | 1.11 |
| Daily Std Dev | 13.10% | 23.12% |
| Max Drawdown | -44.38% | -45.46% |
| Current Drawdown | 0.00% | -17.26% |
Correlation
The correlation between FNCL and PSCF is 0.83, 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
FNCL vs. PSCF - Performance Comparison
In the year-to-date period, FNCL achieves a 12.07% return, which is significantly higher than PSCF's 0.28% return. Over the past 10 years, FNCL has outperformed PSCF with an annualized return of 11.11%, while PSCF has yielded a comparatively lower 5.99% annualized 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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FNCL vs. PSCF - Expense Ratio Comparison
FNCL has a 0.08% expense ratio, which is lower than PSCF's 0.29% expense ratio.
Risk-Adjusted Performance
FNCL vs. PSCF - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity MSCI Financials Index ETF (FNCL) and Invesco S&P SmallCap Financials ETF (PSCF). 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
FNCL vs. PSCF - Dividend Comparison
FNCL's dividend yield for the trailing twelve months is around 1.68%, less than PSCF's 3.17% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FNCL Fidelity MSCI Financials Index ETF | 1.68% | 1.91% | 2.29% | 1.75% | 2.26% | 2.17% | 2.37% | 1.60% | 1.81% | 2.17% | 1.77% | 0.43% |
PSCF Invesco S&P SmallCap Financials ETF | 3.17% | 3.32% | 2.93% | 1.83% | 3.57% | 3.40% | 4.21% | 2.26% | 3.01% | 2.28% | 2.43% | 2.31% |
Drawdowns
FNCL vs. PSCF - Drawdown Comparison
The maximum FNCL drawdown since its inception was -44.38%, roughly equal to the maximum PSCF drawdown of -45.46%. Use the drawdown chart below to compare losses from any high point for FNCL and PSCF. For additional features, visit the drawdowns tool.
Volatility
FNCL vs. PSCF - Volatility Comparison
The current volatility for Fidelity MSCI Financials Index ETF (FNCL) is 2.96%, while Invesco S&P SmallCap Financials ETF (PSCF) has a volatility of 4.25%. This indicates that FNCL experiences smaller price fluctuations and is considered to be less risky than PSCF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.