

Fidelity MSCI Communication Services Index ETF
$73.32+0.58 (+0.80%)
- 0.08%
- $1.8B
- +7.6%
- 0.93%
- 0.2M sh
- $72.74
- low $65.26high $75.94
The ETF.net FCOM Grade
Score 67 out of 100
- 2 of 10
Score 67 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.A90 out of 100Rank 1 of 10Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.C45 out of 100Rank 6 of 10Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.B67 out of 100Rank 3 of 10Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.D38 out of 100Rank 8 of 10Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.B65 out of 100Rank 4 of 10
Our read on FCOM
BCommunication services without the mega-cap chokehold: FCOM tracks an MSCI index that reaches past the giants into mid and small caps, with 25/50 caps on the biggest names, for 0.08% a year.
The fund seeks to track the performance of the MSCI USA IMI Communication Services 25/50 Index.
Why people hold it
- 0.08% a year against a 0.37% median for the group: level with XLC, a hair under VOX.
- About 110 holdings through MSCI's investable market index, so mid and small cap media and telecom names ride along, not just the household giants.
- The index's 25/50 caps limit how heavy any single position can get, a guardrail in a sector where a few names carry most of the weight.
- Running since 2013 in Fidelity's index lineup, and it has tracked its benchmark closely, one of the stronger implementations in its peer group.
Worth knowing
- Communication services is a narrow slice of the market, and the same handful of search, streaming and telecom giants dominate it however the weights are capped.
- Moderately traded rather than the category's volume leader, so spreads can run wider than at the busiest fund on the shelf.
- Distributions arrive quarterly, and the mandate is sector exposure, not income.
FCOM Holdings
- Stocks
- 91
- 74%
- META
Sectors
- Communication89.9%
- Technology6.5%
- Industrials3.4%
- Real Estate0.1%
- Consumer Discretionary0.1%
Geography
- United States99.57%
- Canada0.28%
- Bermuda0.15%
FCOM Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | FCOM |
|---|---|
| Year to date | 0.0% |
| 1 month | +1.2% |
| 3 months | +0.8% |
| 1 year | +7.6% |
| 3 years | +22.3% |
| 5 years | +7.6% |
| 10 years | +11.3% |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | FCOM |
|---|---|---|
| 2026 YTD | 0.0% | |
| 2025 | +26.1% | |
| 2024 | +33.0% | |
| 2023 | +44.7% | |
| 2022 | −39.0% | |
| 2021 | +13.9% | |
| 2020 | +28.4% |
FCOM in the news
FCOM Dividends
- 0.93%
- $0.68
- $0.18 per share
- Quarterly
Distribution history
FCOM Risk
- 14.8%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 1.19
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −44.8%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 1.05
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
FCOM Cost
- The middle half of Communication Services (Broad) funds
- Median 0.35%
No Communication Services (Broad) fund charges less.
Other funds in Communication Services (Broad)
- AXLCState Street Communication Services Select Sector SPDR ETFExpense ratio 0.08%1 year return 0.0%
- BVOXVanguard Communication Services ETFExpense ratio 0.09%1 year return +8.0%
- BVOXPVox Populi ETFExpense ratio 0.30%1 year return —
- CXTLState Street SPDR S&P Telecom ETFExpense ratio 0.35%1 year return +40.2%
- CIYZiShares U.S. Telecommunications ETFExpense ratio 0.37%1 year return +32.0%




