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

Correlation

The correlation between FNCL and XLF is 0.77, 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.


-0.50.00.51.0
Correlation: 0.8

Performance

FNCL vs. XLF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity MSCI Financials Index ETF (FNCL) and Financial Select Sector SPDR Fund (XLF). The values are adjusted to include any dividend payments, if applicable.

200.00%250.00%300.00%350.00%NovemberDecember2025FebruaryMarchApril
241.96%
341.16%
FNCL
XLF

Key characteristics

Sharpe Ratio

FNCL:

0.84

XLF:

0.92

Sortino Ratio

FNCL:

1.27

XLF:

1.37

Omega Ratio

FNCL:

1.19

XLF:

1.20

Calmar Ratio

FNCL:

1.03

XLF:

1.20

Martin Ratio

FNCL:

3.94

XLF:

4.72

Ulcer Index

FNCL:

4.50%

XLF:

3.94%

Daily Std Dev

FNCL:

21.15%

XLF:

20.15%

Max Drawdown

FNCL:

-44.38%

XLF:

-82.43%

Current Drawdown

FNCL:

-9.22%

XLF:

-7.66%

Returns By Period

In the year-to-date period, FNCL achieves a -1.97% return, which is significantly lower than XLF's -0.28% return. Over the past 10 years, FNCL has underperformed XLF with an annualized return of 11.12%, while XLF has yielded a comparatively higher 13.86% annualized return.


FNCL

YTD

-1.97%

1M

-4.62%

6M

2.61%

1Y

18.63%

5Y*

19.50%

10Y*

11.12%

XLF

YTD

-0.28%

1M

-4.49%

6M

3.80%

1Y

19.30%

5Y*

19.43%

10Y*

13.86%

*Annualized

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FNCL vs. XLF - Expense Ratio Comparison

FNCL has a 0.08% expense ratio, which is lower than XLF's 0.13% 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%.


Expense ratio chart for XLF: current value is 0.13%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
XLF: 0.13%
Expense ratio chart for FNCL: current value is 0.08%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
FNCL: 0.08%

Risk-Adjusted Performance

FNCL vs. XLF — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FNCL
The Risk-Adjusted Performance Rank of FNCL is 7878
Overall Rank
The Sharpe Ratio Rank of FNCL is 7575
Sharpe Ratio Rank
The Sortino Ratio Rank of FNCL is 7575
Sortino Ratio Rank
The Omega Ratio Rank of FNCL is 7777
Omega Ratio Rank
The Calmar Ratio Rank of FNCL is 8383
Calmar Ratio Rank
The Martin Ratio Rank of FNCL is 8080
Martin Ratio Rank

XLF
The Risk-Adjusted Performance Rank of XLF is 8181
Overall Rank
The Sharpe Ratio Rank of XLF is 7777
Sharpe Ratio Rank
The Sortino Ratio Rank of XLF is 7878
Sortino Ratio Rank
The Omega Ratio Rank of XLF is 7979
Omega Ratio Rank
The Calmar Ratio Rank of XLF is 8686
Calmar Ratio Rank
The Martin Ratio Rank of XLF is 8383
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

FNCL vs. XLF - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity MSCI Financials Index ETF (FNCL) and Financial Select Sector SPDR Fund (XLF). 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.


The chart of Sharpe ratio for FNCL, currently valued at 0.84, compared to the broader market-1.000.001.002.003.004.00
FNCL: 0.84
XLF: 0.92
The chart of Sortino ratio for FNCL, currently valued at 1.27, compared to the broader market-2.000.002.004.006.008.00
FNCL: 1.27
XLF: 1.37
The chart of Omega ratio for FNCL, currently valued at 1.19, compared to the broader market0.501.001.502.002.50
FNCL: 1.19
XLF: 1.20
The chart of Calmar ratio for FNCL, currently valued at 1.03, compared to the broader market0.002.004.006.008.0010.0012.00
FNCL: 1.03
XLF: 1.20
The chart of Martin ratio for FNCL, currently valued at 3.94, compared to the broader market0.0020.0040.0060.00
FNCL: 3.94
XLF: 4.72

The current FNCL Sharpe Ratio is 0.84, which is comparable to the XLF Sharpe Ratio of 0.92. The chart below compares the historical Sharpe Ratios of FNCL and XLF, 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 Ratio0.001.002.003.004.00NovemberDecember2025FebruaryMarchApril
0.84
0.92
FNCL
XLF

Dividends

FNCL vs. XLF - Dividend Comparison

FNCL's dividend yield for the trailing twelve months is around 1.61%, more than XLF's 1.48% yield.


TTM20242023202220212020201920182017201620152014
FNCL
Fidelity MSCI Financials Index ETF
1.61%1.52%1.91%2.29%1.75%2.26%2.17%2.37%1.60%1.81%2.17%1.77%
XLF
Financial Select Sector SPDR Fund
1.48%1.42%1.71%2.04%1.63%2.03%1.86%2.09%1.48%1.63%2.40%1.98%

Drawdowns

FNCL vs. XLF - Drawdown Comparison

The maximum FNCL drawdown since its inception was -44.38%, smaller than the maximum XLF drawdown of -82.43%. Use the drawdown chart below to compare losses from any high point for FNCL and XLF. For additional features, visit the drawdowns tool.


-15.00%-10.00%-5.00%0.00%NovemberDecember2025FebruaryMarchApril
-9.22%
-7.66%
FNCL
XLF

Volatility

FNCL vs. XLF - Volatility Comparison

Fidelity MSCI Financials Index ETF (FNCL) and Financial Select Sector SPDR Fund (XLF) have volatilities of 14.06% and 13.51%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. 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%NovemberDecember2025FebruaryMarchApril
14.06%
13.51%
FNCL
XLF