IXP vs. FCOM
Compare and contrast key facts about iShares Global Comm Services ETF (IXP) and Fidelity MSCI Communication Services Index ETF (FCOM).
IXP and FCOM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IXP is a passively managed fund by iShares that tracks the performance of the S&P Global 1200 Communication Services 4.5/22.5/45 Capped. It was launched on Nov 12, 2001. FCOM is a passively managed fund by Fidelity that tracks the performance of the MSCI USA IMI Telecommunication Services 25/50 Index. It was launched on Oct 21, 2013. Both IXP and FCOM 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: IXP or FCOM.
Performance
IXP vs. FCOM - Performance Comparison
Returns By Period
The year-to-date returns for both investments are quite close, with IXP having a 29.73% return and FCOM slightly higher at 31.12%. Over the past 10 years, IXP has underperformed FCOM with an annualized return of 6.76%, while FCOM has yielded a comparatively higher 10.14% annualized return.
IXP
29.73%
2.23%
11.15%
32.52%
11.50%
6.76%
FCOM
31.12%
4.06%
15.06%
36.57%
11.82%
10.14%
Key characteristics
| IXP | FCOM | |
|---|---|---|
| Sharpe Ratio | 2.33 | 2.39 |
| Sortino Ratio | 3.19 | 3.19 |
| Omega Ratio | 1.42 | 1.43 |
| Calmar Ratio | 1.83 | 1.50 |
| Martin Ratio | 14.62 | 17.90 |
| Ulcer Index | 2.34% | 2.13% |
| Daily Std Dev | 14.65% | 15.91% |
| Max Drawdown | -50.13% | -46.76% |
| Current Drawdown | -1.21% | -1.51% |
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IXP vs. FCOM - Expense Ratio Comparison
IXP has a 0.43% expense ratio, which is higher than FCOM's 0.08% expense ratio.
Correlation
The correlation between IXP and FCOM is 0.87, 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.
Risk-Adjusted Performance
IXP vs. FCOM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global Comm Services ETF (IXP) and Fidelity MSCI Communication Services Index ETF (FCOM). 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
IXP vs. FCOM - Dividend Comparison
IXP's dividend yield for the trailing twelve months is around 0.95%, more than FCOM's 0.83% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IXP iShares Global Comm Services ETF | 0.95% | 1.24% | 1.43% | 1.80% | 0.95% | 2.18% | 4.32% | 3.40% | 4.02% | 3.89% | 12.39% | 3.40% |
FCOM Fidelity MSCI Communication Services Index ETF | 0.83% | 0.77% | 1.04% | 0.90% | 0.68% | 0.86% | 2.78% | 7.54% | 2.25% | 2.92% | 2.69% | 0.25% |
Drawdowns
IXP vs. FCOM - Drawdown Comparison
The maximum IXP drawdown since its inception was -50.13%, which is greater than FCOM's maximum drawdown of -46.76%. Use the drawdown chart below to compare losses from any high point for IXP and FCOM. For additional features, visit the drawdowns tool.
Volatility
IXP vs. FCOM - Volatility Comparison
The current volatility for iShares Global Comm Services ETF (IXP) is 3.98%, while Fidelity MSCI Communication Services Index ETF (FCOM) has a volatility of 4.66%. This indicates that IXP experiences smaller price fluctuations and is considered to be less risky than FCOM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.