TRUF vs. FNCL

Last updated Jun 30, 2026

TRUF (VanEck Financials TruSector ETF) and FNCL (Fidelity MSCI Financials Index ETF) are both Financials Equities funds. With a 0.98 correlation, they move nearly in lockstep. TRUF charges 0.10%/yr vs 0.08%/yr for FNCL.

Performance

TRUF vs. FNCL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck Financials TruSector ETF (TRUF) and Fidelity MSCI Financials Index ETF (FNCL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

TRUF

• 1D: 0.15%
• 1M: 4.55%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

FNCL

• 1D: 0.22%
• 1M: 4.72%
• YTD: -0.40%
• 6M: -1.52%
• 1Y: 6.30%
• 3Y*: 19.69%
• 5Y*: 10.01%
• 10Y*: 13.12%

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

TRUF vs. FNCL - Yearly Performance Comparison

	2026 (YTD)
TRUF VanEck Financials TruSector ETF	10.01%
FNCL Fidelity MSCI Financials Index ETF	9.69%

Correlation

The correlation between TRUF and FNCL is 0.98 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (All Time) Calculated using the full available price history since Apr 2, 2026	0.98

Return for Risk

TRUF vs. FNCL — Risk / Return Rank

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

TRUF

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

FNCL

FNCL Risk / Return Rank: 14
FNCL Sharpe Ratio Rank: 15
FNCL Sortino Ratio Rank: 14
FNCL Omega Ratio Rank: 14
FNCL Calmar Ratio Rank: 14
FNCL Martin Ratio Rank: 14

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.

TRUF vs. FNCL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Financials TruSector ETF (TRUF) and Fidelity MSCI Financials Index ETF (FNCL). 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.

	TRUF	FNCL	Difference
Sharpe ratio: Return per unit of total volatility	—	0.43	—
Sortino ratio: Return per unit of downside risk	—	0.68	—
Omega ratio: Gain probability vs. loss probability	—	1.08	—
Calmar ratio: Return relative to maximum drawdown	—	0.43	—
Martin ratio: Return relative to average drawdown	—	1.11	—

Drawdowns

TRUF vs. FNCL - Drawdown Comparison

The maximum TRUF drawdown since its inception was -3.24%, smaller than the maximum FNCL drawdown of -44.38%. Use the drawdown chart below to compare losses from any high point for TRUF and FNCL.

Drawdown Indicators

	TRUF	FNCL	Difference
Max Drawdown Largest peak-to-trough decline	-3.24%	-44.38%	+41.14%
Max Drawdown (1Y) Largest decline over 1 year	—	-14.78%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-17.29%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-25.68%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-44.38%	—
Current Drawdown Current decline from peak	-0.74%	-3.43%	+2.69%
Average Drawdown Average peak-to-trough decline	-1.20%	-6.90%	+5.70%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	5.70%	—

Volatility

Volatility by Period

	TRUF	FNCL	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.11%	—
Volatility (6M) Calculated over the trailing 6-month period	—	11.28%	—
Volatility (1Y) Calculated over the trailing 1-year period	13.17%	14.82%	-1.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.17%	19.20%	-6.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.17%	22.26%	-9.09%

TRUF vs. FNCL - Expense Ratio Comparison

TRUF has a 0.10% expense ratio, which is higher than FNCL's 0.08% 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%.

Dividends

TRUF vs. FNCL - Dividend Comparison

TRUF has not paid dividends to shareholders, while FNCL's dividend yield for the trailing twelve months is around 1.64%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FNCL Fidelity MSCI Financials Index ETF	1.64%	1.45%	1.52%	1.91%	2.29%	1.75%	2.26%	2.17%	2.37%	1.60%	1.81%	2.17%
TRUF VanEck Financials TruSector ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TRUF and FNCL in my portfolio?

With a correlation of 0.98, TRUF and FNCL 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.

Which ETF is better, TRUF or FNCL?

On fees, FNCL is cheaper at 0.08% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TRUF or FNCL?

FNCL is cheaper with a 0.08% expense ratio, compared with 0.10% for TRUF.

Which ETF pays a higher dividend yield, TRUF or FNCL?

FNCL has the higher dividend yield at 1.64%, compared with 0.00% for TRUF.

What is the main difference between TRUF and FNCL?

They also come from different issuers: VanEck and Fidelity. Their fees differ too: 0.10% for TRUF and 0.08% for FNCL.