VOX vs. FCOM
Compare and contrast key facts about Vanguard Communication Services ETF (VOX) and Fidelity MSCI Communication Services Index ETF (FCOM).
VOX and FCOM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. VOX is a passively managed fund by Vanguard that tracks the performance of the MSCI US Investable Market Telecommunication Services 25/50 Index. It was launched on Sep 23, 2004. FCOM is a passively managed fund by Fidelity that tracks the performance of the MSCI USA IMI Telecommunication Services 25/50 Index. It was launched on Oct 21, 2013. Both VOX and FCOM 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: VOX or FCOM.
Key characteristics
| VOX | FCOM | |
|---|---|---|
| YTD Return | 33.18% | 33.13% |
| 1Y Return | 44.19% | 44.22% |
| 3Y Return (Ann) | 3.82% | 3.67% |
| 5Y Return (Ann) | 12.46% | 12.24% |
| 10Y Return (Ann) | 7.79% | 10.14% |
| Sharpe Ratio | 2.77 | 2.77 |
| Sortino Ratio | 3.63 | 3.65 |
| Omega Ratio | 1.50 | 1.50 |
| Calmar Ratio | 1.68 | 1.67 |
| Martin Ratio | 19.87 | 20.78 |
| Ulcer Index | 2.20% | 2.11% |
| Daily Std Dev | 15.76% | 15.83% |
| Max Drawdown | -57.18% | -46.76% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between VOX and FCOM is 0.97, 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
VOX vs. FCOM - Performance Comparison
The year-to-date returns for both stocks are quite close, with VOX having a 33.18% return and FCOM slightly lower at 33.13%. Over the past 10 years, VOX has underperformed FCOM with an annualized return of 7.79%, while FCOM has yielded a comparatively higher 10.14% annualized return. 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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VOX vs. FCOM - Expense Ratio Comparison
VOX has a 0.10% 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%.
Risk-Adjusted Performance
VOX vs. FCOM - Risk-Adjusted Performance 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.
Dividends
VOX vs. FCOM - Dividend Comparison
VOX's dividend yield for the trailing twelve months is around 0.94%, more than FCOM's 0.82% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VOX Vanguard Communication Services ETF | 0.94% | 1.03% | 0.88% | 0.93% | 0.74% | 0.90% | 2.77% | 3.83% | 2.67% | 3.55% | 2.66% | 3.88% |
FCOM Fidelity MSCI Communication Services Index ETF | 0.82% | 0.77% | 1.04% | 0.90% | 0.68% | 0.86% | 2.78% | 7.54% | 2.25% | 2.92% | 2.69% | 0.25% |
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. For additional features, visit the drawdowns tool.
Volatility
VOX vs. FCOM - Volatility Comparison
Vanguard Communication Services ETF (VOX) and Fidelity MSCI Communication Services Index ETF (FCOM) have volatilities of 3.93% and 3.99%, 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.