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ETFs

Fidelity MSCI Financials Index ETF

FNCL
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Oct 24 2013
Expense Ratio
0.08%
Type
US Equities
Fund Owner
Fidelity
Volume (1m avg. daily)
$3,146,396
AUM
$1,348,673,040
Associated Index
MSCI USA IMI Financials 25/50 Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

BRK/B
Berkshire Hathaway Inc. - Ordinary Shares - Class B
8.56%
JPM
JPMorgan Chase & Co.
7.81%
V
Visa Inc - Ordinary Shares - Class A
6.99%
MA
Mastercard Incorporated - Ordinary Shares - Class A
6.25%
BAC
Bank Of America Corp.
3.63%
WFC
Wells Fargo & Co.
2.77%
SPGI
S&P Global Inc
2.23%
GS
Goldman Sachs Group, Inc.
2.00%
MS
Morgan Stanley
1.92%
BLK
Blackrock Inc.
1.81%
Invest with FNCL

What is FNCL?

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

ETFs related toFNCL

ETFs correlated to FNCL include VFH, IYF, FAS

FNCL
Fidelity Covington Trust - Fidelity MSCI Financials Index ETF
VFH
Vanguard Group, Inc. - Vanguard Financials ETF
IYF
BlackRock Institutional Trust Company N.A. - iShares U.S. Financials ETF
FAS
Direxion Shares ETF Trust - Direxion Daily Financial Bull 3x Shares
XLF
SSgA Active Trust - Financial Select Sector SPDR
IYG
BlackRock Institutional Trust Company N.A. - iShares U.S. Financial Services ETF
FXO
First Trust Exchange-Traded Fund III - First Trust Financials AlphaDEX Fund
BNKU
Bank of Montreal - MicroSectorsTM U.S. Big Banks Index 3X Leveraged ETNs
RDVY
First Trust Exchange-Traded Fund III - First Trust Rising Dividend Achievers ETF
KBWB
Invesco Capital Management LLC - Invesco KBW Bank ETF
DFUV
Dimensional ETF Trust - Dimensional US Marketwide Value 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.

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Risk Rating

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Create your own algorithmic trading strategy with FNCL using Composer

FAQ

FNCL 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 Financials 25/50 Index.

FNCL tracks the MSCI USA IMI Financials 25/50 Index.

No, FNCL 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, FNCL 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 FNCL is 0.001%. This is the percent change in the value of FNCL over the most recent 1-month period. The 3-month return on FNCL is 0.0425%. This is the percent change in the value of FNCL over the most recent 3-month period.

The standard deviation of FNCL for the past year is 0.2062%. 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 FNCL include XLI, XLY, and XLV.

ETFs correlated to FNCL include VFH, IYF, and FAS.

ETFs that are inversely correlated to FNCL include FAZ, BNKD, and TWM.

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.