FCOM — Fidelity MSCI Communication Services Index ETF

FCOM Price Performance — Growth of $10,000

Value of a $10,000 investment in FCOM over time, compared with SPY. Both lines are rebased to $10,000 on the first shared date. Based on total returns — prices are adjusted for dividends and splits, so this assumes distributions were reinvested. Hover or tap the chart for exact values.

FCOM Drawdown

The "underwater" chart: FCOM's decline from its highest prior value at each point in time. It shows how deep past losses ran and how long the fund took to recover to break-even.

Overview

The Fidelity MSCI Communication Services Index ETF (FCOM) is a fund managed by Fidelity Investments that operates within the Communication Services category, one of four ETFs tracked by ETFValuer in this sector. Currently priced at $69.73 with assets under management totaling $1.70 billion, the fund holds an overall rank of #344 out of 458 tracked ETFs across all categories. It has received an ETFValuer grade of C, reflecting a score of 54.1 out of 100. The fund charges an expense ratio of 0.084% and offers a dividend yield of 1.01%. The combination of a mid-tier grade and a substantial asset base suggests a moderate level of investor adoption relative to its peers. Its position as the third-highest ranked fund in its specific category contrasts with its lower standing in the broader market universe.

Recent performance data shows a -0.23% return over one day and a -0.36% decline over one week, followed by a -0.13% drop in the last month. The fund recorded a -5.16% return over three months and a -4.98% loss over six months, resulting in a year-to-date decline of -4.05%. Despite these shorter-term negative trends, the fund posted a +7.64% return over the past year. This positive annual performance contrasts with the longer-term trajectory, as the three-year return stands at +72.85%. The data indicates a divergence where recent short-term periods have been negative while the one-year and three-year horizons remain positive.

FCOM carries a moderate volatility label and a beta of 1.00, indicating that its price movements generally align with the broader market's volatility. The fund's Sharpe ratio is 0.16, suggesting a relatively low risk-adjusted return profile compared to higher-scoring metrics. A maximum drawdown of -21.16% highlights the potential for significant temporary losses during market downturns. This combination of a beta of 1.00 and a substantial max drawdown implies the fund experiences market-like swings with notable downside exposure. The moderate volatility rating aligns with the beta figure, confirming that the fund does not exhibit extreme price fluctuations relative to its benchmark.

AI-generated summary based on the data on this page.

FCOM Top Holdings

Holdings as of 2026-04-30 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 73.0% of net assets — a rough gauge of concentration risk (the higher this figure, the more the fund's return depends on a handful of names). To see how FCOM's holdings overlap with other ETFs you own or are considering, check the Stock Overlap tool.

Which Funds Overlap With FCOM

Holding two funds that own the same companies adds cost and complexity without adding much diversification. These tracked ETFs share the most names with FCOM's top 10 — VOX overlaps most, holding 9 of the same companies as FCOM's top 10 (73.0% of FCOM's assets).

Compares the top 10 reported holdings of each fund, so it's a floor on true overlap — two S&P 500 trackers overlap ~100% even when only 10 names are listed. Use the Stock Overlap tool to search by individual company.

Market Backdrop

10-Year Treasury Yield: 4.61% (as of 2026-07-28) — The yield on 10-year US Treasury bonds — the standard "risk-free rate" benchmark used to contextualize this fund’s Sharpe ratio and returns.

CBOE Volatility Index (VIX): 18.21 (as of 2026-07-28) — A real-time gauge of expected S&P 500 volatility over the next 30 days — useful context for this fund’s own volatility label.

Federal Funds Rate: 3.63% (as of 2026-06-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

FCOM Liquidity, Domicile & Tax Treatment

Liquidity: Quoted bid/ask spread is 5.62% and average daily volume is 173K/day. Tighter spreads and higher volume mean lower round-trip trading costs; this is a live-market snapshot and can widen during volatile sessions. AUM of $1.70B provides ample scale, supporting tight spreads and issuer commitment to keep the fund open.

Domicile & tax treatment: FCOM is a US-domiciled, SEC-registered ('40 Act) exchange-traded fund. Dividends and capital gains distributions are reported to US investors on Form 1099-DIV, and the fund is not subject to the PFIC reporting or UCITS-specific rules that apply to Irish- or Luxembourg-domiciled funds. Non-US investors should note that US-domiciled ETFs are generally subject to 30% US withholding tax on dividends (unless reduced by treaty) and to US estate tax exposure on the position — Irish-domiciled UCITS ETFs tracking the same index often avoid both, which is why non-US residents frequently prefer the UCITS equivalent where one exists. This is general information, not tax advice — consult a tax professional for your situation.

FCOM Performance History

How FCOM Compares to Other Communication Services ETFs