Data as of Oct 28, 2026.

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FCOM vs XLC: Differences, Returns & Fees

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Over the year to Oct 28, 2026, FCOM returned −5.9% to XLC's −10.4%; 71% of their weight is in the same names.

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Net assets: $1.8bn on Sep 30, 2026 for Fidelity MSCI Communication Services Index ETF, and $22.1bn on Oct 27, 2026 for State Street Communication Services Select Sector SPDR ETF.

At a glance
−5.9%
FCOM total return, 1 year
−10.4%
XLC total return, 1 year
0.08%
FCOM expense ratio
0.08%
XLC expense ratio

Pair scorecard

Both cost 0.08% a year; their one-year returns differ by 4.5 points; XLC is 12.5 times larger.

Points (pts) are percentage points.

FCOM vs XLC: Differences, Returns & Fees
MeasureFCOMXLC
Return
Total return, 1 year−5.9%−10.4%
Drawdown
Below its high11.0%, high on Jan 29, 202613.3%, high on Jan 30, 2026
Benchmark
What it tracksMSCI USA IMI Communication Services 25/50 IndexCommunication Services Select Sector Index
Cost and size
Expense ratio0.08%0.08%
Net assets, as of Sep 30, 2026$1.8bn$22.5bn
Holdings
Holdings in common71%
Top ten holdings, share of the fund71.0%75.3%

Holdings in common uses holdings dated Jul 31, 2026 and Oct 27, 2026. Method

Risk and return

Jun 29, 2018 to Oct 23, 2026 · 434 weekly returns
FCOM XLC
Return
Total return edge FCOM +160.6% +131.1%
Annualized edge FCOM +12.2% +10.6%
Price return edge FCOM +140.0% +113.0%
Risk
Volatility edge XLC (slight) 20.7% 20.0%
Max drawdown edge Tie −46.4% −45.9%
Risk-adjusted
Sharpe edge FCOM 0.52 0.46
Sortino edge FCOM 0.75 0.66
Calmar edge FCOM 0.26 0.23
Reading

FCOM returned more: +160.6% to +131.1%. XLC swung slightly less: 20.0% to 20.7%. FCOM and XLC fell about the same at their worst: −46.4% and −45.9%.

Full scorecard

9 measures, with how each is measured
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Risk and return: FCOM vs XLC: Differences, Returns & Fees
MeasureFCOMXLCEdgeHow it is measured
Return
Total return+160.6%+131.1%FCOMPrice change plus distributions, reinvested.
Annualized+12.2%+10.6%FCOMTotal return as a yearly rate.
Price return+140.0%+113.0%FCOMPrice change alone, distributions left out.
Risk
Volatility20.7%20.0%XLC (slight)Spread of weekly returns, annualized. Lower is steadier.
Downside deviation14.4%14.0%XLC (slight)Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown−46.4%−45.9%TieDeepest fall from a high to the low after it.
Risk-adjusted
Sharpe0.520.46FCOMReturn above Treasury bills per unit of volatility.
Sortino0.750.66FCOMReturn above Treasury bills per unit of downside deviation.
Calmar0.260.23FCOMAnnualized return divided by the max drawdown.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 434 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

71%

By the books each fund has filed, FCOM and XLC hold 71% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026 and Oct 27, 2026.

0 half 100%

half

71% in common

Positions both hold · largest shared weight first FCOM XLC
Meta Platforms Inc 20.63% 21.45%
Alphabet Inc 14.66% 12.27%
Alphabet Inc 8.02% 9.82%
Walt Disney Co 4.50% 5.33%
Verizon Communications Inc 4.75% 4.45%
AT&T Inc 4.50% 4.20%
Netflix Inc 4.32% 4.14%
Comcast Corp 3.38% 4.48%
T-Mobile US Inc 3.23% 4.17%
Omnicom Group Inc 1.38% 3.06%
Reddit Inc 0.99% 2.83%
TKO Group Holdings Inc 0.74% 1.47%
Only in one fund ↓
Only in FCOM
Warner Bros Discovery Inc 2.97%
Electronic Arts Inc 2.83%
Take-Two Interactive Software Inc 2.62%
Live Nation Entertainment Inc 1.67%
Space Exploration Technologies Corp 1.59%
ROBLOX Corp 1.30%
Liberty Media Corp-Liberty Formula One 1.28%
Roku Inc 1.16%
Only in XLC
TAKE TWO INTERACTIVE SOFTWRE 4.80%
APPLOVIN CORP CLASS A 4.34%
LIVE NATION ENTERTAINMENT IN 3.87%
SKYDANCE CORP 0.60%
NEWS CORP CLASS B 0.55%
S+P EMINI COM SER DEC26 -0.03%
Check overlap with more funds →

Side by side

FCOM Fidelity MSCI Communication Services Index ETF XLC State Street Communication Services Select Sector SPDR ETF
Where it sits Stock ETF Stock ETF
What it is Tracks an index Tracks an index of Communication services
Total return, 1 year −5.9% −10.4%
Its benchmark over the same days −5.7% (VOX) not measured
Gap to its benchmark −0.2 pts vs VOX not measured
Expense ratio 0.08% 0.08%
Already in the S&P 500 84.0% 99.8%
Holdings 88 23
Net assets, FCOM as of Sep 30, 2026 and XLC as of Oct 27, 2026 $1.8bn $22.1bn

FCOM and XLC on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.

Client brief · page 1 of 2 Report BR-A4165A5816

FCOM and XLC are built for the same job. How do they differ in cost, holdings and results?

  1. What each follows. FCOM follows MSCI USA IMI Communication Services 25/50 Index and XLC follows Communication Services Select Sector Index.
  2. One-year total return. Over 1 year to Oct 28, 2026 FCOM returned −5.9% and XLC −10.4% with distributions reinvested, a gap of 4.5 points.
  3. Number of holdings. FCOM holds 88 positions and XLC holds 23.

Data as of Oct 28, 2026.

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About each fund
FCOM

FCOM tracks an index. Over the year to Oct 28, 2026 it returned −5.9% with distributions reinvested, against −5.7% for its benchmark, the MSCI USA IMI Communication Services 25/50 Index. The prospectus expense ratio is 0.08% a year. By its holdings filed for Jul 31, 2026, 84% of the fund by weight is stocks the S&P 500 also holds, across 88 positions, with the top ten at 71.0%. It sat 11.0% below its high of Jan 29, 2026 on Oct 28, 2026.

XLC

XLC tracks an index of Communication services. Over the year to Oct 28, 2026 it returned −10.4% with distributions reinvested. By its holdings published by its issuer for Oct 27, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 23 positions, with the top ten at 75.3%. It sat 13.3% below its high of Jan 30, 2026 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, FCOM or XLC?
In the year to Oct 28, 2026, with distributions reinvested, FCOM returned −5.9% and XLC −10.4%.
Which is cheaper, FCOM or XLC?
Neither: FCOM and XLC both charge 0.08% a year. Fees come from each fund's prospectus.
How much do FCOM and XLC overlap with the S&P 500?
By their latest filed holdings, 84% of FCOM and 100% of XLC by weight is stocks the S&P 500 already holds.
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ETFIQ, FCOM against XLC, data as of Oct 28, 2026. https://etfiq.com/compare/any/fcom-vs-xlc

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