FNCL vs VYM
Fidelity MSCI Financials Index ETF vs Vanguard High Dividend Yield ETF
Which is better, FNCL or VYM?
Each has led over a different period.
VYM has a lower expense ratio. FNCL led over 3Y and the full window, VYM over 1Y and 5Y. VYM is less concentrated, with 26.1% of the fund in its ten largest positions against 48.4%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | FNCL | VYM |
|---|---|---|
| Expense Ratio | 0.08% | 0.04%Best |
| AUM | $2.4B | $81.6B |
| Dividend Yield | 1.53% | 2.22% |
| Holdings | 389 | 613 |
| YTD Return | +2.86% | +11.71%Best |
| 1Y Return | +5.99% | +16.24%Best |
| 3Y Return (annualized) | +19.61%Best | +17.24% |
| 5Y Return (annualized) | +10.15% | +11.86%Best |
| Volatility (annualized) | 18.6% | 13.4%Best |
| Max Drawdown | -45.0% | -35.7%Best |
| $10,000 over 5 years | $16,215 | $17,514Best |
| Top 10 Weight | 48.4% | 26.1%Best |
| Fund Family | Fidelity Investments (US) | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Value |
| Inception | Oct 21, 2013 | Nov 10, 2006 |
Volatility and max drawdown are measured over the window both funds cover: Oct 24, 2013 to Sep 16, 2026 (12.9 years).
FNCL vs VYM growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 12.9 years both funds cover.
FNCL vs VYM Performance
Fidelity MSCI Financials Index ETF (FNCL) is an ETF from Fidelity Investments (US) and Vanguard High Dividend Yield ETF (VYM) is an ETF from Vanguard (US). Over the past year FNCL returned +5.99% while VYM returned +16.24%. Year to date, FNCL is up 2.86% versus a gain of 11.71% for VYM.
Over three years, FNCL compounded at +19.61% per year against +17.24% for VYM; over five years the annualized figures are +10.15% and +11.86% respectively. Across the full 13-year window we track, FNCL has the edge at +10.29% annualized vs +9.26%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FNCL has been the more volatile fund, with annualized monthly volatility of 18.6% compared with 13.4% for VYM. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -45.0% for FNCL and -35.7% for VYM. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.87. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
FNCL charges 0.08% per year while VYM charges 0.04%. On a $10,000 position that is $8 vs $4 annually, a gap of $4 per year that compounds over a long holding period. On income, FNCL currently yields 1.53% against 2.22% for VYM.
Holdings Overlap
57.8% of FNCL's money is in holdings VYM also owns. 21.1% of VYM's money is in holdings FNCL also owns.
The two portfolios partly overlap.
147 positions in common, counted across the 369 positions we hold weights for in FNCL and 557 in VYM, against full books of 389 and 613.
What only one of them owns
Our book lists 384 positions for VYM that do not appear in our book for FNCL (75.9% of the fund), and 202 for FNCL that do not appear in VYM (39.5%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in FNCL | Weight in VYM | Difference |
|---|---|---|---|
| JPMJpmorgan Chase | 10.43% | 3.82% | 6.61% |
| BACBank Of America Corp. | 4.43% | 1.66% | 2.77% |
| GSGoldman Sachs Group Inc/The | 3.34% | 1.13% | 2.21% |
| WFCWells Fargo & Co. | 2.88% | 1.07% | 1.81% |
| MSMorgan Stanley | 2.77% | 0.96% | 1.81% |
| CCitigroup Inc. | 2.48% | 0.89% | 1.59% |
| BLKBlackrock Inc | 1.88% | 0.68% | 1.20% |
| COFCapital One Financial Corp. | 1.38% | 0.53% | 0.85% |
| PGRProgressive Corporation | 1.40% | 0.50% | 0.90% |
| CBChubb Ltd. | 1.30% | 0.50% | 0.80% |
57.8% of FNCL is already inside VYM.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, FNCL or VYM?
FNCL has an expense ratio of 0.08% while VYM charges 0.04%. VYM is the cheaper option, by $4 a year on a $10,000 investment.
Which performed better, FNCL or VYM?
Over the past year FNCL returned +5.99% vs +16.24% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (13 years), FNCL annualized +10.29% vs +9.26% for VYM. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FNCL or VYM?
FNCL has been the more volatile fund at 18.6% annualized versus 13.4% for VYM. Worst drawdown: FNCL -45.0% vs VYM -35.7%.
Should I hold both FNCL and VYM?
FNCL and VYM have a monthly-return correlation of 0.87, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between FNCL and VYM?
57.8% of FNCL's money is in holdings VYM also owns. 21.1% of VYM's is in holdings FNCL also owns. They hold 147 positions in common, counted across the 369 positions we hold weights for in FNCL and 557 in VYM.
Which pays a higher dividend, FNCL or VYM?
FNCL yields 1.53% while VYM yields 2.22%, so VYM currently pays the higher dividend yield.
Is VYM better than FNCL?
VYM has a lower expense ratio. FNCL led over 3Y and the full window, VYM over 1Y and 5Y. VYM is less concentrated, with 26.1% of the fund in its ten largest positions against 48.4%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.