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ETFs

Fidelity MSCI Communication Services Index ETF

FCOM
$—
Today’s Change
— (—)

Snapshot
*

Inception Date
Oct 24, 2013
Expense Ratio
0.08%
Type
US Equities
Fund Owner
Fidelity
Volume (1m avg. daily)
$3,514,102
AUM
$739,750,385
Associated Index
MSCI USA IMI Communication Services 25/50 Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

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Meta Platforms Inc - Ordinary Shares - Class A
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12.62%
GOOG
Alphabet Inc - Ordinary Shares - Class C
10.41%
VZ
Verizon Communications Inc
4.5%
CMCSA
Comcast Corp - Ordinary Shares - Class A
4.48%
DIS
Walt Disney Co (The)
4.29%
NFLX
Netflix Inc.
4.22%
T
AT&T, Inc.
3.59%
TMUS
T-Mobile US Inc
2.97%
ATVI
Activision Blizzard Inc
2.65%
Invest with FCOM
Trade FCOM Options

What is FCOM?

The ETF seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the MSCI USA IMI Telecommunication Services 25/50 Index.

1M
3M
6M
YTD
1Y
3Y
Max
www.composer.trade

FCOM
Performance Measures**

for the time period Oct 24, 2013 to Dec 4, 2025

Returns

1M Trailing Return: 5.2%

The percent change in the value over the most recent 1-month period.

3M Trailing Return: 4.3%

The percent change in the value over the most recent 3-month period.

Measures of Risk or Volatility

Max Drawdown: -46.8%

The greatest percent loss from peak to trough in value over the time period.

Standard Deviation: 19.8%

The typical amount that daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

Measures of Risk-Adjusted Performance

Sharpe Ratio: 0.64

The annualized arithmetic mean of the daily returns divided by the annualized standard deviation of the daily returns for the selected time period.

Calmar Ratio: 0.24

The annualized return divided by the max drawdown for the selected time period.

ETFs related toFCOM

ETFs correlated to FCOM include VOX, XLC, PNQI

FCOM
Fidelity Covington Trust - Fidelity MSCI Communication Services Index ETF
VOX
Vanguard Group, Inc. - Vanguard Communication Services ETF
XLC
SSgA Active Trust - Communication Services Select Sector SPDR Fund
PNQI
Invesco Capital Management LLC - Invesco NASDAQ Internet ETF
GAUG
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - August
ONEQ
Fidelity Covington Trust - Fidelity Nasdaq Composite Index ETF
WEBL
Direxion Shares ETF Trust - Direxion Daily Dow Jones Internet Bull 3X Shares
AUGW
AIM ETF Products Trust - AllianzIM U.S. Large Cap Buffer20 Aug ETF
FDN
First Trust Exchange-Traded Fund III - First Trust Dow Jones Internet Index Fund
CGGR
Capital Group Companies Inc - Capital Group Growth ETF
QQQ
Invesco Capital Management LLC - Invesco QQQ Trust Series 1

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Trading Strategies
Related toFCOM

IFF Fund: Lost in The Market v3|10.5.23

Category

Tactical allocation, daily rebalance, leveraged ETFs, inverse ETFs, trend + mean‑reversion, sector rotation, volatility hedge, crypto sleeve, bonds hedge

OOS Cumulative Return

93.03%

WM 74 TQQQ FTLT Round up + Wash

Category

Tactical allocation, leveraged ETFs, trend following, mean reversion, volatility hedging, sector rotation, bonds, managed futures, crypto

OOS Cumulative Return

64.13%

Create your own algorithmic trading strategy with FCOM using Composer

FAQ

FCOM is a US Equities ETF. The ETF seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the MSCI USA IMI Telecommunication Services 25/50 Index.

FCOM tracks the MSCI USA IMI Communication Services 25/50 Index.

No, FCOM is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, FCOM is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on FCOM is -0.0004%. This is the percent change in the value of FCOM over the most recent 1-month period. The 3-month return on FCOM is 0.0164%. This is the percent change in the value of FCOM over the most recent 3-month period.

The standard deviation of FCOM for the past year is 0.2325%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to FCOM include XLI, XLY, and XLV.

ETFs correlated to FCOM include VOX, XLC, and PNQI.

ETFs that are inversely correlated to FCOM include WEBS, QID, and SQQQ.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.