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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)
$4,149,495
AUM
$741,415,830
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

META
Meta Platforms Inc - Ordinary Shares - Class A
19.96%
GOOGL
Alphabet Inc - Ordinary Shares - Class A
12.61%
GOOG
Alphabet Inc - Ordinary Shares - Class C
10.39%
CMCSA
Comcast Corp - Ordinary Shares - Class A
4.51%
VZ
Verizon Communications Inc
4.50%
DIS
Walt Disney Co (The)
4.36%
NFLX
Netflix Inc.
4.25%
T
AT&T, Inc.
3.63%
TMUS
T-Mobile US Inc
2.98%
ATVI
Activision Blizzard Inc
2.60%
Invest with FCOM

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.

ETFs related toFCOM

ETFs correlated to FCOM include VOX, XLC, GAUG

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
GAUG
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - August
PNQI
Invesco Capital Management LLC - Invesco NASDAQ Internet ETF
ONEQ
Fidelity Covington Trust - Fidelity Nasdaq Composite Index ETF
AUGW
AIM ETF Products Trust - AllianzIM U.S. Large Cap Buffer20 Aug ETF
WEBL
Direxion Shares ETF Trust - Direxion Daily Dow Jones Internet Bull 3X Shares
FDN
First Trust Exchange-Traded Fund III - First Trust Dow Jones Internet Index Fund
CGGR
Capital Group Companies Inc - Capital Group Growth ETF
QQQM
Invesco Exchange-Traded Fund Trust II - Invesco NASDAQ 100 ETF

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.

Automated Strategies
Related toFCOM

#PTS

Pick the Trending Sector

Category

Grow Your Portfolio, Ride the Momentum

Risk Rating

Aggressive

#OPUS-12

Opus-12

Category

Opus, Investing for the Long-Term

Risk Rating

Moderate

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 -0.0209%. This is the percent change in the value of FCOM over the most recent 1-month period. The 3-month return on FCOM is 0.0072%. 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 0.2327%. 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 XLF, XLU, and XLE.

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

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.