FCOM
Fidelity MSCI Communication Services Index ETF
FCOM seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the MSCI USA IMI Communication Services 25/50 Index.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
8 bp
EXPENSES
$1.1 B
ASSETS UNDER MGMT
Fund Basics
| Fund sponsor | FMR LLC |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Oct 21, 2013 |
| Assets (mns) | $1,107 |
| Expense ratio | 8 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Market Cap |
| Weighting | Market Cap |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| META PLATFORMS INC | 24.1 % |
| ALPHABET INC. CLASS A | 12.5 % |
| ALPHABET INC. CLASS C | 9.6 % |
| NETFLIX INC | 4.6 % |
| VERIZON COMMUNICATIONS INC | 4.5 % |
| WALT DISNEY CO/THE | 4.3 % |
| COMCAST CORP-CL A | 4.1 % |
| AT&T INC | 3.6 % |
| T-MOBILE US, INC. | 3.0 % |
| TRADE DESK, INC. CLASS A | 1.7 % |
Constituent Breakdown
| Number of holdings | 108 |
| Herfindahl-Hirschman Index | 954 |
| Wgt avg mkt cap (mns) | $948,308 |
| Large cap (>$10bn) | 89.4% |
| Mid cap ($2-10bn) | 7.5% |
| Small cap (<$2bn) | 2.4% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 97.2 % |
Historical Performance
Standardized Performance (as of 06/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 17.8% | 31.3% | 22.4% | -0.4% | 10.6% | 9.3% | 9.3% | Volatility | 16.9% | 16.7% | 22.5% | 22.7% | 24.0% | 20.3% | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.03 | 77% |
| MSCI EAFE | 1.00 | 67% |
| MSCI Emg Mkts | 0.87 | 53% |
Liquidity Measures
| Avg. volume (000) | 116 |
| Turnover | 0.5% |
| Avg. Bid/Ask (% of price) | 0.04% |
| ADV of underlying (mns) | $27,522 |
Technical Indicators
| Recent close | $49.86 |
| 30d moving avg. | $52.53 |
| Annualized volatility | 21.2% |
| Relative strength (RSI) | 59 |
| Short interest (ETF) | 0.0% |
| Short interest (underlying) | 3.2% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. FCOM |
Expenses vs. FCOM |
ALTAR Score™ vs. FCOM |
|---|---|---|---|---|
| VOX | Vanguard Communication Services ETF | 94.5% | +2 bp | -0.1% |
| XLC | Communication Services Select Sector SPDR Fund | 78.9% | +1 bp | +1.6% |
| IXP | iShares Global Comm Services ETF | 71.3% | +34 bp | +0.2% |
| RSPC | Invesco S&P 500 Equal Weight Communication Services ETF | 45.6% | +32 bp | +2.8% |
| FDN | First Trust Dow Jones Internet Index Fund | 27.8% | +44 bp | -2.9% |
| FDND | FT Vest Dow Jones Internet & Target Income ETF | 27.5% | +67 bp | -3.0% |
| PNQI | Invesco NASDAQ Internet ETF | 26.2% | +52 bp | -2.7% |
| FPAG | FPA Global Equity ETF | 23.2% | +41 bp | +0.2% |
| GGME | Invesco Next Gen Media and Gaming ETF | 21.6% | +52 bp | -1.3% |
| FDCF | Fidelity Disruptive Communications ETF | 21.2% | +42 bp | -2.5% |
Risk and Returns: FCOM vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 7/25/2024
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
FCOM
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Fund Rating
Our measure of an ETF's overall investment merit
ALTAR Score™
FCOM
5.2%
Cat. Avg
5.7%
Fund Category: US
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 5.2% |
Recommendation
NEUTRAL
Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.
Category Overview
There are 899 funds in the US category, with an average ALTAR Score™
of 5.7% and a standard deviation of
2.4%. FCOM's ALTAR Score™ is approximately
0.2 standard deviations
below
the category average. This places FCOM in the 42nd percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
FCOM
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
Expense Analysis
| Peer Group | Rules-Based US Equity ETFs |
| # of ETFs | 609 |
| Avg. Expense Ratio | 46.6 bp |
| Std. Deviation | 32.9 bp |
| FCOM (8 bp) Percentile rank | 12 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| FCOM | 8.4 | 4.1 | 12.5 |
| Peer Avg. | 44.3 | 17.3 | 61.6 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .