FDCF vs VOXP

FDCFDFidelity Disruptive Communications ETF

VOXPBVox Populi 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.

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

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

VOXP The Fund seeks to track a benchmark 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.

• 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

• 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.

• 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 FDCF profile⁠

Full VOXP profile⁠