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Launched

Fidelity Disruptive Communications ETF

FDCFNasdaqFidelityD

$50.26−0.18 (−0.37%)

As of Nov 10, 2026, 10:48 AM ET

D28/ 100

Rank 10 of 10 in Communication Services (Broad)

D28/100Rank 10 of 10inCommunication Services (Broad)
Intraday session: down, 17 prints from 50.44 to 50.26. Range 50.07 to 50.53. Use the arrow keys to read each point.50.1050.2050.5010 AM12 PM2 PM4 PM
Expense ratio
0.50%
Fund size
$95M
1Y total return
+6.5%
Yield · Last 12 months
0.00%
Holdings
36
Avg volume · 30D
10.5K sh
52W range
low $41.23high $53.00
Launched

The ETF.net FDCF Grade

D

Score 28 out of 100

Category
Communication Services (Broad)⁠
Rank
10 of 10
Six-pillar profile for FDCF. Scores out of 100: Cost 8, Risk 49, Mission 80, Tradability 21, Holdings 65, Durability 42. Strongest: Mission (80). Weakest: Cost (8). Leans toward Mission.

Score 28 of 100 falls in the D 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.
    F8 out of 100
    Rank 10 of 10

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A80 out of 100
    Rank 2 of 3

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    C49 out of 100
    Rank 5 of 10

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    F21 out of 100
    Rank 10 of 10

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    B65 out of 100
    Rank 4 of 10

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    C42 out of 100
    Rank 7 of 10

Our read on FDCF

ETF.net Research

In short

DMost communication services ETFs hand you the same megacap index. FDCF goes hunting instead: a global, roughly 40-stock portfolio of companies picked for disrupting how the world connects.

Stated mandate

The fund seeks long-term growth of capital and normally invests at least 80% of its assets in securities of disruptive communications companies.

Why people hold it

  • The mandate is literal: at least 80% of assets in disruptive communications companies, held in a concentrated book of roughly 40 names.fidelity.com
  • Global by charter, not a US-only sleeve, which widens the opportunity set beyond the domestic sector benchmarks that dominate this corner of the market.
  • What's inside matches what's on the label: the holdings read like a communications-disruption fund, not a sector tracker wearing a theme sticker.
  • Fidelity has run it since 2020, so the strategy has a multi-year record behind the pitch rather than a brand-new launch.

Worth knowing

  • You pay for the stock picking: 0.50% a year, against 0.08% for plain index peers like XLC and FCOM and a 0.37% median across the group.
  • About 40 holdings in a single theme means individual names carry real weight, and the ride can look nothing like a broad communication services index.
  • Trades thinly and runs small next to the category's giants, so the quoted spread deserves a closer look than it would on a mega-fund.

FDCF Performance

Launched Apr 16, 2020

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.Not enough history yet.
FDCF$10,652
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,339
Nov 7, 2025 to Nov 9, 2026. FDCF $10,652. SPY $11,339. Use the arrow keys to read each point.$9,000$10,000$11,000Nov 2025May 2026Nov 2026

Nov 7, 2025 – Nov 9, 2026

Returns run to the Nov 9, 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.

Trailing total return for FDCF. Periods over one year show the average yearly return.
PeriodFDCF
Year to date+4.9%
1 month−4.4%
3 months−1.2%
1 year+6.5%
3 yearsper year+25.2%
5 yearsHistory unavailableper yearNo data
10 yearsFund is under 10 years oldper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for FDCF
YearReturn barFDCF
2026 YTD+4.9%
2025+27.3%
2024+28.1%
2023+13.5%

History from Jun 15, 2023

FDCF in the news

FDCF Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Nov 9, 2026.
0.00%Last 12 months
Payout per share
NoneLast 12 months

No distributions in the last 12 months.

Distribution history

Payments through 2025

One bar per payment. 2 payments from 2024 to 2025. Jun 21, 2024 $0.03; Jun 20, 2025 $0.02. Use the arrow keys to read each point.20242025
Ex-datePay dateAmount per share
Jun 20, 2025Jun 24, 2025$0.02
Jun 21, 2024Jun 25, 2024$0.03

$10,000 in FDCF 3 years ago paid $16.04 in dividends.

FDCF Risk

Risk pillarC49 out of 100Rank 5 of 10 in Communication Services (Broad)
How much the fund’s monthly returns vary, scaled to a year.
17.9%
Annualised · 36 months to Oct 2026
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.

Return above 3-month US Treasury bills per unit of volatility.
1.07
vs 3-month T-bills · to Oct 2026
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.

The largest fall from a peak to the low that followed.
−22.6%
40 months · trough Apr 2025
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.

How strongly the fund’s returns move with its asset-class index.
1.24
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

FDCF Cost

Compare FDCF and XLC

Overpaying vs XLC, cheapest in Communication Services (Broad)

$8,290

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • FDCF 0.50%

    $9,979

  • XLC 0.08% Cheapest

    $1,689

$10,000
30 years

Cost over time

  • FDCF 0.50%
  • XLC 0.08%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K$10K051015202530FDCF $9,979XLC $1,689

Year by year

YearFDCFXLCOverpaying
10$900$147$753
20$3,460$575$2,885
30$9,979$1,689$8,290

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