IYZ vs. FDCF

Last updated Jun 4, 2026

IYZ (iShares U.S. Telecommunications ETF) and FDCF (Fidelity Disruptive Communications ETF) are both Communications Equities funds. IYZ is passively managed, while FDCF is actively managed. Over the past year, IYZ returned 59.79% vs 23.52% for FDCF. A 0.55 correlation means they provide meaningful diversification when combined. IYZ charges 0.42%/yr vs 0.50%/yr for FDCF.

Performance

IYZ vs. FDCF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares U.S. Telecommunications ETF (IYZ) and Fidelity Disruptive Communications ETF (FDCF). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IYZ achieves a 32.03% return, which is significantly higher than FDCF's 5.62% return.

IYZ

• 1D: -2.96%
• 1M: 4.94%
• YTD: 32.03%
• 6M: 38.73%
• 1Y: 59.79%
• 3Y*: 30.34%
• 5Y*: 8.18%
• 10Y*: 6.28%

FDCF

• 1D: -1.77%
• 1M: 3.38%
• YTD: 5.62%
• 6M: 7.71%
• 1Y: 23.52%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

IYZ vs. FDCF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
IYZ iShares U.S. Telecommunications ETF	32.03%	29.28%	20.53%	5.45%
FDCF Fidelity Disruptive Communications ETF	5.62%	27.42%	28.37%	16.39%

Correlation

The correlation between IYZ and FDCF is 0.51, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.51
Correlation (All Time) Calculated using the full available price history since Jun 13, 2023	0.55

The correlation between IYZ and FDCF has been stable across timeframes, ranging from 0.51 to 0.55 - a consistent structural relationship.

Return for Risk

IYZ vs. FDCF — Risk / Return Rank

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

IYZ

IYZ Risk / Return Rank: 93
IYZ Sharpe Ratio Rank: 92
IYZ Sortino Ratio Rank: 92
IYZ Omega Ratio Rank: 90
IYZ Calmar Ratio Rank: 96
IYZ Martin Ratio Rank: 95

FDCF

FDCF Risk / Return Rank: 31
FDCF Sharpe Ratio Rank: 35
FDCF Sortino Ratio Rank: 33
FDCF Omega Ratio Rank: 34
FDCF Calmar Ratio Rank: 27
FDCF Martin Ratio Rank: 28

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.

IYZ vs. FDCF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Telecommunications ETF (IYZ) and Fidelity Disruptive Communications ETF (FDCF). 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.

	IYZ	FDCF	Difference
Sharpe ratio: Return per unit of total volatility	3.35	1.29	+2.06
Sortino ratio: Return per unit of downside risk	4.45	1.79	+2.66
Omega ratio: Gain probability vs. loss probability	1.58	1.23	+0.35
Calmar ratio: Return relative to maximum drawdown	9.54	1.31	+8.24
Martin ratio: Return relative to average drawdown	32.08	3.95	+28.13
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IYZ vs. FDCF - Sharpe Ratio Comparison

The current IYZ Sharpe Ratio is 3.35, which is higher than the FDCF Sharpe Ratio of 1.29. The chart below compares the historical Sharpe Ratios of IYZ and FDCF, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	IYZ	FDCF	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.35	1.29	+2.06
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.44	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.33	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.07	1.29	-1.22

Drawdowns

IYZ vs. FDCF - Drawdown Comparison

The maximum IYZ drawdown since its inception was -77.11%, which is greater than FDCF's maximum drawdown of -22.53%. Use the drawdown chart below to compare losses from any high point for IYZ and FDCF.

Drawdown Indicators

	IYZ	FDCF	Difference
Max Drawdown Largest peak-to-trough decline	-77.11%	-22.53%	-54.58%
Max Drawdown (1Y) Largest decline over 1 year	-6.30%	-18.10%	+11.80%
Max Drawdown (3Y) Largest decline over 3 years	-13.85%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-39.74%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-39.74%	—	—
Current Drawdown Current decline from peak	-2.96%	-1.90%	-1.06%
Average Drawdown Average peak-to-trough decline	-40.14%	-4.17%	-35.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.87%	5.97%	-4.10%

Volatility

IYZ vs. FDCF - Volatility Comparison

iShares U.S. Telecommunications ETF (IYZ) has a higher volatility of 7.44% compared to Fidelity Disruptive Communications ETF (FDCF) at 4.28%. This indicates that IYZ's price experiences larger fluctuations and is considered to be riskier than FDCF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IYZ	FDCF	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.44%	4.28%	+3.16%
Volatility (6M) Calculated over the trailing 6-month period	14.76%	13.98%	+0.78%
Volatility (1Y) Calculated over the trailing 1-year period	17.95%	18.36%	-0.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.75%	20.58%	-1.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.25%	20.58%	-1.33%

IYZ vs. FDCF - Expense Ratio Comparison

IYZ has a 0.42% expense ratio, which is lower than FDCF's 0.50% expense ratio.

Dividends

IYZ vs. FDCF - Dividend Comparison

IYZ's dividend yield for the trailing twelve months is around 1.50%, more than FDCF's 0.03% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FDCF Fidelity Disruptive Communications ETF	0.03%	0.09%	0.25%	0.19%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
IYZ iShares U.S. Telecommunications ETF	1.50%	2.04%	1.94%	2.27%	2.55%	2.51%	2.60%	2.36%	2.15%	3.54%	2.27%	1.98%

Frequently Asked Questions

Can I hold both IYZ and FDCF in my portfolio?

IYZ and FDCF have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IYZ or FDCF?

IYZ has higher volatility (7.44%) compared to FDCF (4.28%). In terms of maximum drawdown, IYZ dropped -77.11% vs FDCF's -22.53%.

Which ETF is better, IYZ or FDCF?

On 1-year performance, IYZ leads with 59.79% vs 23.52% for FDCF. On fees, IYZ is cheaper at 0.42% per year. On volatility, FDCF has been the lower-risk option at 4.28%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IYZ or FDCF?

Over the 1-year period, IYZ has performed better with a 59.79% return vs 23.52%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IYZ or FDCF?

IYZ is cheaper with a 0.42% expense ratio, compared with 0.50% for FDCF.

Which ETF pays a higher dividend yield, IYZ or FDCF?

IYZ has the higher dividend yield at 1.50%, compared with 0.03% for FDCF.

What is the main difference between IYZ and FDCF?

They also come from different issuers: iShares and Fidelity. Their fees differ too: 0.42% for IYZ and 0.50% for FDCF.

Which has better risk-adjusted returns?

IYZ currently has the higher Sharpe Ratio (3.35 vs 1.29), 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.