FDCF vs VOX

FDCFDFidelity Disruptive Communications ETF

VOXBVanguard Communication Services ETF

In short

FDCF Most 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.

VOX Communication services across the whole cap range, not just the S&P 500 slice: Vanguard's index reaches down into mid- and small-cap media and telecom, roughly 120 names, at nine basis points. Running since 2004.

Stated mandate

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

VOX The fund seeks to track a benchmark index measuring the investment return of communication-services stocks.

Why people hold it

• FDCF 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.

• VOX 0.09% a year, a basis point off the cheapest rivals (XLC, FCOM) and well under the 0.37% median for this group of funds.
• Tracks an MSCI investable-market index: large, mid and small caps, roughly 120 stocks. S&P 500-based rivals like XLC start and stop at large caps.vanguard.comssga.com
• Full replication where possible, holding each stock at about its index weight, with sampling used only if regulatory limits get in the way.vanguard.com

Worth knowing

• FDCF 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.

• VOX The sector is top-heavy, so the index applies RIC caps: no issuer above 25%, and all issuers over 5% capped at 50% combined. A few giants still set the pace.msci.com
• A single US sector and a non-diversified fund, so it rides media, entertainment and telecom rather than the broad market. Distributions come quarterly.vanguard.com

Full FDCF profile⁠

Full VOX profile⁠