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IXP vs. FCOM
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IXP vs. FCOM

Last updated Jun 23, 2026

IXP (iShares Global Comm Services ETF) and FCOM (Fidelity MSCI Communication Services Index ETF) are both Large Cap Growth Equities funds - IXP tracks the S&P Global 1200 Communication Services 4.5/22.5/45 Capped while FCOM tracks the MSCI USA IMI Communication Services 25/50 Index. Both are passively managed. Over the past 10 years, IXP returned 8.96%/yr vs 11.05%/yr for FCOM. Their correlation of 0.88 suggests significant overlap in exposure. IXP charges 0.43%/yr vs 0.08%/yr for FCOM.

Performance

IXP vs. FCOM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Global Comm Services ETF (IXP) and Fidelity MSCI Communication Services Index ETF (FCOM). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, IXP achieves a -4.97% return, which is significantly higher than FCOM's -5.77% return. Over the past 10 years, IXP has underperformed FCOM with an annualized return of 8.96%, while FCOM has yielded a comparatively higher 11.05% annualized return.

IXP

1D
-2.54%
1M
-6.54%
YTD
-4.97%
6M
-4.20%
1Y
11.28%
3Y*
21.44%
5Y*
7.71%
10Y*
8.96%

FCOM

1D
-2.39%
1M
-6.74%
YTD
-5.77%
6M
-5.33%
1Y
13.24%
3Y*
21.45%
5Y*
6.01%
10Y*
11.05%
*Multi-year figures are annualized to reflect compound growth (CAGR)

IXP vs. FCOM - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
IXP
iShares Global Comm Services ETF		-4.97%29.27%31.33%38.80%-33.40%12.77%22.16%25.23%-13.67%6.65%
FCOM
Fidelity MSCI Communication Services Index ETF		-5.77%26.06%33.05%44.65%-38.97%13.88%28.33%26.69%-5.33%8.20%

Correlation

The correlation between IXP and FCOM is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.92

Correlation (3Y)
Calculated over the trailing 3-year period

0.94

Correlation (5Y)
Calculated over the trailing 5-year period

0.95

Correlation (10Y)
Calculated over the trailing 10-year period

0.90

Correlation (All Time)
Calculated using the full available price history since Oct 24, 2013

0.88

The correlation between IXP and FCOM has been stable across timeframes, ranging from 0.88 to 0.95 - a consistent structural relationship.

IXP vs. FCOM - Sectors Allocation Comparison

Sectors
IXP
FCOM

Communication Services

99.3%
98.0%

Technology

2.0%
1.7%

Real Estate

0.5%
0.1%

Consumer Cyclical

0.2%
0.2%

Basic Materials

-

-

Consumer Defensive

-

-

Energy

-

-

Financial Services

-

-

Healthcare

-

-

Industrials

-

-

Utilities

-

-

Communication Services

IXP
99.3%
FCOM
98.0%

Technology

IXP
2.0%
FCOM
1.7%

Real Estate

IXP
0.5%
FCOM
0.1%

Consumer Cyclical

IXP
0.2%
FCOM
0.2%

Basic Materials

IXP

-

FCOM

-

Consumer Defensive

IXP

-

FCOM

-

Energy

IXP

-

FCOM

-

Financial Services

IXP

-

FCOM

-

Healthcare

IXP

-

FCOM

-

Industrials

IXP

-

FCOM

-

Utilities

IXP

-

FCOM

-

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iShares Global Comm Services ETF

Fidelity MSCI Communication Services Index ETF

Often compared with IXP:
IXP vs. XLCIXP vs. IYZIXP vs. VOOIXP vs. QQQIXP vs. IYWIXP vs. VTIIXP vs. RSPN
Often compared with FCOM:
FCOM vs. XLCFCOM vs. VOXFCOM vs. FBMPXFCOM vs. FTECFCOM vs. FNCLFCOM vs. VOOFCOM vs. FDCF

Return for Risk

IXP vs. FCOM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IXP
IXP Risk / Return Rank: 2222
Overall Rank
IXP Sharpe Ratio Rank: 2222
Sharpe Ratio Rank
IXP Sortino Ratio Rank: 2222
Sortino Ratio Rank
IXP Omega Ratio Rank: 2121
Omega Ratio Rank
IXP Calmar Ratio Rank: 2121
Calmar Ratio Rank
IXP Martin Ratio Rank: 2424
Martin Ratio Rank
FCOM
FCOM Risk / Return Rank: 2424
Overall Rank
FCOM Sharpe Ratio Rank: 2525
Sharpe Ratio Rank
FCOM Sortino Ratio Rank: 2424
Sortino Ratio Rank
FCOM Omega Ratio Rank: 2323
Omega Ratio Rank
FCOM Calmar Ratio Rank: 2222
Calmar Ratio Rank
FCOM Martin Ratio Rank: 2626
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IXP vs. FCOM - Risk-Adjusted Trends 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

IXPFCOMDifference
Sharpe ratioReturn per unit of total volatility
0.75
0.84

-0.09

Sortino ratioReturn per unit of downside risk
1.21
1.29

-0.08

Omega ratioGain probability vs. loss probability

1.14

1.16

-0.01

Calmar ratioReturn relative to maximum drawdown

0.92

0.99

-0.06

Martin ratioReturn relative to average drawdown

3.01

3.50

-0.49

IXP vs. FCOM - Sharpe Ratio Comparison

The current IXP Sharpe Ratio is 0.75, which is comparable to the FCOM Sharpe Ratio of 0.84. The chart below compares the historical Sharpe Ratios of IXP and FCOM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

IXP vs. FCOM - Drawdown Comparison

The maximum IXP drawdown since its inception was -50.11%, 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.

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Drawdown Indicators

IXPFCOMDifference

Max Drawdown

Largest peak-to-trough decline

-50.11%

-46.76%

-3.35%

Max Drawdown (1Y)

Largest decline over 1 year

-12.26%

-13.48%

+1.22%

Max Drawdown (3Y)

Largest decline over 3 years

-17.54%

-21.16%

+3.62%

Max Drawdown (5Y)

Largest decline over 5 years

-44.30%

-46.76%

+2.46%

Max Drawdown (10Y)

Largest decline over 10 years

-44.30%

-46.76%

+2.46%

Current Drawdown

Current decline from peak

-8.94%

-8.91%

-0.03%

Average Drawdown

Average peak-to-trough decline

-11.90%

-8.65%

-3.25%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.76%

3.80%

-0.04%

Volatility

IXP vs. FCOM - Volatility Comparison

The current volatility for iShares Global Comm Services ETF (IXP) is 4.81%, while Fidelity MSCI Communication Services Index ETF (FCOM) has a volatility of 5.56%. 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.

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Volatility by Period

IXPFCOMDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.81%

5.56%

-0.75%

Volatility (6M)

Calculated over the trailing 6-month period

11.25%

11.87%

-0.62%

Volatility (1Y)

Calculated over the trailing 1-year period

15.04%

15.79%

-0.75%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

19.09%

21.27%

-2.18%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.56%

21.01%

-2.45%

IXP vs. FCOM - Expense Ratio Comparison

IXP has a 0.43% expense ratio, which is higher than FCOM's 0.08% expense ratio.

Dividends

IXP vs. FCOM - Dividend Comparison

IXP's dividend yield for the trailing twelve months is around 3.43%, more than FCOM's 1.02% yield.

PositionTTM20252024202320222021202020192018201720162015
FCOM
Fidelity MSCI Communication Services Index ETF		1.02%0.88%0.87%0.77%1.04%0.90%0.68%0.86%2.78%11.70%2.27%2.92%
IXP
iShares Global Comm Services ETF		3.43%2.98%1.35%1.24%0.62%1.80%0.95%2.18%4.32%3.41%4.02%3.89%

Frequently Asked Questions

With a correlation of 0.92, IXP and FCOM move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

FCOM has higher volatility (5.56%) compared to IXP (4.81%). In terms of maximum drawdown, IXP dropped -50.11% vs FCOM's -46.76%.

On 10-year performance, FCOM leads with 11.05% vs 8.96% for IXP. On fees, FCOM is cheaper at 0.08% per year. On volatility, IXP has been the lower-risk option at 4.81%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, FCOM has performed better with a 11.05% return vs 8.96%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

FCOM is cheaper with a 0.08% expense ratio, compared with 0.43% for IXP.

IXP has the higher dividend yield at 3.43%, compared with 1.02% for FCOM.

IXP tracks S&P Global 1200 Communication Services 4.5/22.5/45 Capped, while FCOM tracks MSCI USA IMI Communication Services 25/50 Index. They also come from different issuers: iShares and Fidelity. Their fees differ too: 0.43% for IXP and 0.08% for FCOM.

FCOM currently has the higher Sharpe Ratio (0.84 vs 0.75), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.

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