VFH vs. FNCL
Compare and contrast key facts about Vanguard Financials ETF (VFH) and Fidelity MSCI Financials Index ETF (FNCL).
VFH and FNCL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. VFH is a passively managed fund by Vanguard that tracks the performance of the MSCI US Investable Market Financials 25/50 Index. It was launched on Jan 26, 2004. FNCL is a passively managed fund by Fidelity that tracks the performance of the MSCI USA IMI Financials Index. It was launched on Oct 21, 2013. Both VFH and FNCL 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: VFH or FNCL.
Key characteristics
| VFH | FNCL | |
|---|---|---|
| YTD Return | 23.69% | 23.66% |
| 1Y Return | 40.39% | 40.31% |
| 3Y Return (Ann) | 6.40% | 6.35% |
| 5Y Return (Ann) | 11.39% | 11.30% |
| 10Y Return (Ann) | 11.10% | 11.04% |
| Sharpe Ratio | 3.25 | 3.26 |
| Sortino Ratio | 4.24 | 4.27 |
| Omega Ratio | 1.55 | 1.56 |
| Calmar Ratio | 2.49 | 2.46 |
| Martin Ratio | 20.83 | 20.78 |
| Ulcer Index | 2.05% | 2.05% |
| Daily Std Dev | 13.06% | 12.99% |
| Max Drawdown | -78.61% | -44.38% |
| Current Drawdown | -3.00% | -3.08% |
Correlation
The correlation between VFH and FNCL is 1.00, 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.
Performance
VFH vs. FNCL - Performance Comparison
The year-to-date returns for both stocks are quite close, with VFH having a 23.69% return and FNCL slightly lower at 23.66%. Both investments have delivered pretty close results over the past 10 years, with VFH having a 11.10% annualized return and FNCL not far behind at 11.04%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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VFH vs. FNCL - Expense Ratio Comparison
VFH 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%.
Risk-Adjusted Performance
VFH vs. FNCL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Financials ETF (VFH) 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.
Dividends
VFH vs. FNCL - Dividend Comparison
VFH's dividend yield for the trailing twelve months is around 1.74%, more than FNCL's 1.53% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VFH Vanguard Financials ETF | 1.74% | 2.08% | 2.31% | 1.87% | 2.21% | 2.17% | 2.30% | 1.53% | 1.63% | 2.00% | 1.85% | 1.82% |
FNCL Fidelity MSCI Financials Index ETF | 1.53% | 1.91% | 2.29% | 1.75% | 2.26% | 2.17% | 2.37% | 1.60% | 1.81% | 2.17% | 1.77% | 0.43% |
Drawdowns
VFH vs. FNCL - Drawdown Comparison
The maximum VFH drawdown since its inception was -78.61%, which is greater than FNCL's maximum drawdown of -44.38%. Use the drawdown chart below to compare losses from any high point for VFH and FNCL. For additional features, visit the drawdowns tool.
Volatility
VFH vs. FNCL - Volatility Comparison
Vanguard Financials ETF (VFH) and Fidelity MSCI Financials Index ETF (FNCL) have volatilities of 4.10% and 4.12%, 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.