FNCL vs. VGT
Compare and contrast key facts about Fidelity MSCI Financials Index ETF (FNCL) and Vanguard Information Technology ETF (VGT).
FNCL and VGT 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. VGT is a passively managed fund by Vanguard that tracks the performance of the MSCI US Investable Market Information Technology 25/50 Index. It was launched on Jan 26, 2004. Both FNCL and VGT 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 VGT.
Performance
FNCL vs. VGT - Performance Comparison
Returns By Period
In the year-to-date period, FNCL achieves a 33.78% return, which is significantly higher than VGT's 27.28% return. Over the past 10 years, FNCL has underperformed VGT with an annualized return of 11.92%, while VGT has yielded a comparatively higher 20.69% annualized return.
FNCL
33.78%
6.03%
20.69%
46.21%
12.86%
11.92%
VGT
27.28%
0.97%
13.82%
34.56%
22.52%
20.69%
Key characteristics
| FNCL | VGT | |
|---|---|---|
| Sharpe Ratio | 3.14 | 1.59 |
| Sortino Ratio | 4.48 | 2.11 |
| Omega Ratio | 1.58 | 1.29 |
| Calmar Ratio | 3.49 | 2.20 |
| Martin Ratio | 22.37 | 7.89 |
| Ulcer Index | 2.05% | 4.24% |
| Daily Std Dev | 14.60% | 20.98% |
| Max Drawdown | -44.38% | -54.63% |
| Current Drawdown | -0.84% | -2.04% |
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FNCL vs. VGT - Expense Ratio Comparison
FNCL has a 0.08% expense ratio, which is lower than VGT's 0.10% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Correlation
The correlation between FNCL and VGT is 0.58, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Risk-Adjusted Performance
FNCL vs. VGT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity MSCI Financials Index ETF (FNCL) and Vanguard Information Technology ETF (VGT). 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. VGT - Dividend Comparison
FNCL's dividend yield for the trailing twelve months is around 1.42%, more than VGT's 0.61% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
VGT Vanguard Information Technology ETF | 0.61% | 0.65% | 0.91% | 0.64% | 0.82% | 1.11% | 1.29% | 0.99% | 1.31% | 1.28% | 1.12% | 1.05% |
Drawdowns
FNCL vs. VGT - Drawdown Comparison
The maximum FNCL drawdown since its inception was -44.38%, smaller than the maximum VGT drawdown of -54.63%. Use the drawdown chart below to compare losses from any high point for FNCL and VGT. For additional features, visit the drawdowns tool.
Volatility
FNCL vs. VGT - Volatility Comparison
Fidelity MSCI Financials Index ETF (FNCL) has a higher volatility of 7.59% compared to Vanguard Information Technology ETF (VGT) at 6.62%. This indicates that FNCL's price experiences larger fluctuations and is considered to be riskier than VGT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.