FNCL vs. VOO
Compare and contrast key facts about Fidelity MSCI Financials Index ETF (FNCL) and Vanguard S&P 500 ETF (VOO).
FNCL and VOO 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. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010. Both FNCL and VOO 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 VOO.
Key characteristics
| FNCL | VOO | |
|---|---|---|
| YTD Return | 12.07% | 11.78% |
| 1Y Return | 34.61% | 28.27% |
| 3Y Return (Ann) | 6.03% | 10.42% |
| 5Y Return (Ann) | 11.28% | 15.03% |
| 10Y Return (Ann) | 11.11% | 13.05% |
| Sharpe Ratio | 2.71 | 2.56 |
| Daily Std Dev | 13.10% | 11.55% |
| Max Drawdown | -44.38% | -33.99% |
| Current Drawdown | 0.00% | -0.04% |
Correlation
The correlation between FNCL and VOO is 0.79, 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. VOO - Performance Comparison
The year-to-date returns for both stocks are quite close, with FNCL having a 12.07% return and VOO slightly lower at 11.78%. Over the past 10 years, FNCL has underperformed VOO with an annualized return of 11.11%, while VOO has yielded a comparatively higher 13.05% 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. VOO - Expense Ratio Comparison
FNCL has a 0.08% expense ratio, which is higher than VOO's 0.03% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
FNCL vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity MSCI Financials Index ETF (FNCL) and Vanguard S&P 500 ETF (VOO). 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. VOO - Dividend Comparison
FNCL's dividend yield for the trailing twelve months is around 1.68%, more than VOO's 1.32% 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% |
VOO Vanguard S&P 500 ETF | 1.32% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% | 1.84% |
Drawdowns
FNCL vs. VOO - Drawdown Comparison
The maximum FNCL drawdown since its inception was -44.38%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for FNCL and VOO. For additional features, visit the drawdowns tool.
Volatility
FNCL vs. VOO - Volatility Comparison
The current volatility for Fidelity MSCI Financials Index ETF (FNCL) is 2.96%, while Vanguard S&P 500 ETF (VOO) has a volatility of 3.37%. This indicates that FNCL experiences smaller price fluctuations and is considered to be less risky than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.