Fidelity MSCI Financials Index ETF
$77.56−0.35 (−0.46%)
- 0.08%
- $2.2B
- +7.3%
- 1.66%
- 0.1M sh
- $77.89
- low $67.76high $83.35
The ETF.net FNCL Grade
A
Score 76 out of 100
- 2 of 18
Score 76 of 100 falls in the A 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.A97 out of 100Rank 1 of 18Mission
Whether the fund did what it promised, tested against its stated mandate.A81 out of 100Rank 6 of 10Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.B58 out of 100Rank 8 of 18Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.A70 out of 100Rank 4 of 18Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.C53 out of 100Rank 11 of 18Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.C54 out of 100Rank 9 of 18
Our read on FNCL
AThe whole financial food chain in one cheap wrapper: FNCL tracks an MSCI index of about 400 US banks, insurers, exchanges and payment names for 0.08% a year.
The fund seeks to track, before fees and expenses, the performance of the MSCI USA IMI Financials Index.
Why people hold it
- Costs 0.08% a year, against a median near 0.44% for broad financials funds. That is the cheapest tier in the category, matched by XLF and undercutting VFH.
- About 400 holdings under the MSCI USA IMI Financials mandate, so the basket reaches well past the megabank tier into smaller lenders and insurers.
- Pure index plumbing: it has tracked its benchmark tightly, one of the closer fits in its peer group, and it pays out quarterly.
- Running since 2013, with a real multi-cycle record behind the ticker rather than a launch-week backtest.
Worth knowing
- This is one slice of the market. Financials live and die by rates, credit and lending cycles, so the ride is bumpier than a total-market fund.
- Volume is moderate rather than heavy. XLF trades far more actively, so limit orders matter more here, especially in fast markets.
FNCL Holdings
- Stocks
- 385
- 49%
- JPM
Sectors
- Financials97.1%
- Technology1.9%
- Real Estate0.6%
- Industrials0.2%
- Health Care0.1%
- Consumer Discretionary0.0%
Geography
- United States96.37%
- Switzerland1.41%
- Bermuda0.95%
- Ireland0.66%
- United Kingdom0.34%
- Puerto Rico0.21%
- Kazakhstan0.04%
- Cayman Islands0.01%
FNCL Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
FNCL$10,735
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 | FNCL |
|---|---|
| Year to date | +1.6% |
| 1 month | −3.9% |
| 3 months | −1.5% |
| 1 year | +7.3% |
| 3 years | +20.8% |
| 5 years | +9.2% |
| 10 years | +12.6% |
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 | FNCL |
|---|---|---|
| 2026 YTD | +1.6% | |
| 2025 | +14.9% | |
| 2024 | +30.4% | |
| 2023 | +14.1% | |
| 2022 | −12.3% | |
| 2021 | +35.0% | |
| 2020 | −2.1% |
FNCL in the news
FNCL Dividends
- 1.66%
- $1.29
- $0.31 per share
- Quarterly
Distribution history
FNCL Risk
- 15.9%
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.
- 0.93
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.
- −25.7%
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.
- 0.92
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
FNCL Cost
0.08%
FNCL0.08%
- The middle half of Financials (Broad) funds
- Median 0.37%
No Financials (Broad) fund charges less.
Other funds in Financials (Broad)
- AXLFState Street Financial Select Sector SPDR ETFExpense ratio 0.08%1 year return +7.2%
- AKIEState Street SPDR S&P Insurance ETFExpense ratio 0.35%1 year return +5.5%
- AVFHVanguard Financials ETFExpense ratio 0.09%1 year return +7.4%
- BIXGiShares Global Financials ETFExpense ratio 0.38%1 year return +15.9%
- BIYFiShares U.S. Financials ETFExpense ratio 0.37%1 year return +7.3%