FCOM vs VOXP

FCOMBFidelity MSCI Communication Services Index ETF

VOXPBVox Populi ETF

In short

FCOM Communication 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.

VOXP US communication services beyond the mega caps: one index sleeve spanning large, mid and small caps, with 25/50 rules capping how far the sector's giants can dominate. A small, lightly traded fund running a very big fund's blueprint.

Stated mandate

FCOM The fund seeks to track the performance of the MSCI USA IMI Communication Services 25/50 Index.

VOXP The Fund seeks to track a benchmark measuring the investment return of communication services stocks.

Why people hold it

• FCOM 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.

• VOXP Costs 0.30% a year, under the 0.35% median for broad communication services funds, and it distributes quarterly.
• Its benchmark is a sector slice of the MSCI US Investable Market Index, which spans large, mid and small cap US stocks, so the basket reaches past the mega caps.msci.com
• The 25/50 rules cap any one issuer at 25% of the index and hold all positions above 5% to 50% combined, a structural check on concentration.msci.com

Worth knowing

• FCOM 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.

• VOXP Vanguard's VOX tracks the same declared index for 0.09%, so the fee gap is the main thing to weigh between two funds built on one blueprint.
• Small asset base and light trading volume mean wider spreads than the category's giants; limit orders matter more here.
• Launched in 2022, so it has far less track record than the decade-plus incumbents, and long-run tracking data is thin.

Full FCOM profile⁠

Full VOXP profile⁠