VOX vs. FCOM
VOX (Vanguard Communication Services ETF) and FCOM (Fidelity MSCI Communication Services Index ETF) are both exchange-traded funds - VOX is a Communications Equities fund tracking the MSCI US Investable Market Communication Services 25/50 Index, while FCOM is a Large Cap Growth Equities fund tracking the MSCI USA IMI Communication Services 25/50 Index. Both are passively managed. Over the past 10 years, VOX returned 8.39%/yr vs 11.05%/yr for FCOM. With a 0.98 correlation, they move nearly in lockstep. VOX charges 0.09%/yr vs 0.08%/yr for FCOM.
Performance
VOX vs. FCOM - Performance Comparison
Loading charts...
Returns By Period
The year-to-date returns for both stocks are quite close, with VOX having a -5.59% return and FCOM slightly lower at -5.77%. Over the past 10 years, VOX has underperformed FCOM with an annualized return of 8.39%, while FCOM has yielded a comparatively higher 11.05% annualized return.
VOX
- 1D
- -2.41%
- 1M
- -6.74%
- YTD
- -5.59%
- 6M
- -5.26%
- 1Y
- 13.76%
- 3Y*
- 21.71%
- 5Y*
- 6.17%
- 10Y*
- 8.39%
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%
VOX vs. FCOM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VOX Vanguard Communication Services ETF | -5.59% | 26.27% | 33.12% | 44.81% | -38.85% | 13.83% | 29.12% | 28.03% | -16.75% | -5.50% |
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 VOX and FCOM is 1.00 - 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 (1Y) Calculated over the trailing 1-year period | 1.00 |
Correlation (3Y) Calculated over the trailing 3-year period | 1.00 |
Correlation (5Y) Calculated over the trailing 5-year period | 1.00 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.98 |
Correlation (All Time) Calculated using the full available price history since Oct 24, 2013 | 0.98 |
The correlation between VOX and FCOM has been stable across timeframes, ranging from 0.98 to 1.00 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
VOX vs. FCOM — Risk / Return Rank
VOX
FCOM
VOX vs. FCOM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Communication Services ETF (VOX) 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.
| VOX | FCOM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.03 | ||
| Sortino ratioReturn per unit of downside risk | +0.04 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.16 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.02 | 0.99 | +0.03 |
| Martin ratioReturn relative to average drawdown | 3.65 | 3.50 | +0.15 |
Loading charts...
Drawdowns
VOX vs. FCOM - Drawdown Comparison
The maximum VOX drawdown since its inception was -57.18%, which is greater than FCOM's maximum drawdown of -46.76%. Use the drawdown chart below to compare losses from any high point for VOX and FCOM.
Loading charts...
Drawdown Indicators
| VOX | FCOM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.18% | -46.76% | -10.42% |
Max Drawdown (1Y)Largest decline over 1 year | -13.56% | -13.48% | -0.08% |
Max Drawdown (3Y)Largest decline over 3 years | -21.15% | -21.16% | +0.01% |
Max Drawdown (5Y)Largest decline over 5 years | -46.76% | -46.76% | 0.00% |
Max Drawdown (10Y)Largest decline over 10 years | -46.76% | -46.76% | 0.00% |
Current DrawdownCurrent decline from peak | -8.76% | -8.91% | +0.15% |
Average DrawdownAverage peak-to-trough decline | -11.90% | -8.65% | -3.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.78% | 3.80% | -0.02% |
Volatility
VOX vs. FCOM - Volatility Comparison
Vanguard Communication Services ETF (VOX) and Fidelity MSCI Communication Services Index ETF (FCOM) have volatilities of 5.45% and 5.56%, 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.
Loading charts...
Volatility by Period
| VOX | FCOM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.45% | 5.56% | -0.11% |
Volatility (6M)Calculated over the trailing 6-month period | 11.94% | 11.87% | +0.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.83% | 15.79% | +0.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.24% | 21.27% | -0.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.94% | 21.01% | -0.07% |
VOX vs. FCOM - Expense Ratio Comparison
VOX has a 0.09% expense ratio, which is higher than FCOM'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
VOX vs. FCOM - Dividend Comparison
VOX's dividend yield for the trailing twelve months is around 1.04%, more than FCOM's 1.02% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
VOX Vanguard Communication Services ETF | 1.04% | 0.95% | 1.05% | 1.03% | 0.88% | 0.93% | 0.73% | 0.90% | 2.77% | 3.83% | 2.67% | 3.55% |
Frequently Asked Questions
With a correlation of 1.00, VOX 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 VOX (5.45%). In terms of maximum drawdown, VOX dropped -57.18% vs FCOM's -46.76%.
On 10-year performance, FCOM leads with 11.05% vs 8.39% for VOX. On fees, FCOM is cheaper at 0.08% per year. On volatility, VOX has been the lower-risk option at 5.45%. 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 8.39%. 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 0.09% for VOX.
VOX has the higher dividend yield at 1.04%, compared with 1.02% for FCOM.
VOX is categorized as Communications Equities, while FCOM is Large Cap Growth Equities. VOX tracks MSCI US Investable Market Communication Services 25/50 Index, while FCOM tracks MSCI USA IMI Communication Services 25/50 Index. They also come from different issuers: Vanguard and Fidelity. Their fees differ too: 0.09% for VOX and 0.08% for FCOM.
VOX currently has the higher Sharpe Ratio (0.87 vs 0.84), 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.
Find the right allocation for VOX and FCOM
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer