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 issued by Fidelity Investments that operates within the Communication Services category. It currently holds an asset base of $1.70 billion and trades at a price of $67.92. Across all tracked categories, the fund ranks #369 out of 458 ETFs and has received an ETFValuer grade of C with a score of 51.4 out of 100. The fund charges an expense ratio of 0.084% and offers a dividend yield of 1.01%. Within its specific category of Communication Services, there are 4 ETFs tracked by ETFValuer. The fund's position in the broader market and its moderate asset size suggest a specific level of investor adoption relative to its peers.

Over the last day, the fund posted a return of +0.52% before declining by -4.36% over the subsequent week. Monthly performance shows a -0.70% return, while the three-month horizon reflects a deeper decline of -7.79%. The six-month return stands at -6.95%, and year-to-date performance is recorded at -6.54%. In contrast, the one-year return is positive at +4.13%, and the three-year return shows significant growth of +64.06%. This pattern indicates a divergence where short-term and medium-term results are negative, while the longer-term annual and three-year figures remain positive.

The fund carries a Moderate volatility label and has a beta of 1.00, indicating its price movements align closely with the broader market. A Sharpe ratio of -0.05 suggests that the risk-adjusted returns have been negative over the measured period. The maximum drawdown recorded for the fund is -21.16%, highlighting the potential for significant temporary losses. This combination of a beta of 1.00 and a negative Sharpe ratio implies the fund moves with the market but has not generated sufficient excess return to compensate for that risk. The moderate volatility and substantial drawdown figure together describe a fund that experiences standard market swings with notable downside exposure.

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: 4.71% (as of 2026-07-23) — 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): 18.70 (as of 2026-07-23) — 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 1.93% and average daily volume is 167K/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