Fidelity® MSCI Financials Index ETF

10-Year Study

FNCL.US · · US · ETF

Executive Summary: Fidelity® MSCI Financials Index ETF has compounded at 12.4% annually over the last 10 years, with a maximum drawdown of 33.2% and an annualized volatility of 20.3%.

1Y CAGR
+5.4%
3Y CAGR
+21.4%
5Y CAGR
+8.6%
10Y CAGR
+12.4%

History & Riski10-year historical performance analysis including CAGR, Max Drawdown, Sharpe & Sortino ratios, annual returns, and rolling volatility — all computed from daily market data.

10-Year Growth of $10,000

Max DrawdownMax DrawdownThe largest peak-to-trough decline in the asset's value over the measurement period.Click for full definition →
33.2%
Sharpe RatioSharpe RatioRisk-adjusted return: how much excess return you earn per unit of total risk (volatility).Click for full definition →
0.53
Sortino RatioSortino RatioLike Sharpe, but only penalizes downside volatility — a more accurate risk measure for asymmetric return distributions.Click for full definition →
0.76
Ann. VolatilityAnnualized VolatilityThe annualized standard deviation of an asset's returns — a measure of how much prices fluctuate.Click for full definition →
19.8%
Best YearBest & Worst YearThe single calendar year with the highest and lowest return in the measured period.Click for full definition →
2021 · +34.9%
Worst YearBest & Worst YearThe single calendar year with the highest and lowest return in the measured period.Click for full definition →
2018 · -13.4%
% Positive Years% Positive YearsThe percentage of calendar years in the measurement period where the asset delivered a positive return.Click for full definition →
60%

Annual Returns

Rolling 12-Month Returns

Rolling 12-Month Annualised Volatility

Historical Drawdowns

Monthly Returns

Monthly Returns Heatmap

YearJanFebMarAprMayJunJulAugSepOctNovDecAnn.
2026-2.0-4.1-4.05.7————————-4.5%
20256.50.3-4.8-2.25.23.90.33.4-0.3-2.81.93.214.9%
20241.94.15.0-4.53.2-0.67.03.6-0.22.911.6-5.930.4%
20237.8-2.0-10.42.2-4.17.16.0-3.2-3.1-2.911.56.714.1%
2022-0.5-1.3-0.9-10.33.6-10.87.5-1.9-7.912.16.0-5.8-12.3%
2021-1.511.85.86.24.1-2.9-0.35.2-1.77.5-5.22.734.9%
2020-2.6-11.1-22.810.02.80.42.93.9-3.90.916.46.8-2.2%
20199.23.2-3.18.6-7.06.42.7-5.14.72.24.82.531.6%
20185.7-2.7-3.2-0.4-0.1-2.04.71.3-2.6-5.22.5-11.2-13.4%
20170.24.8-2.9-0.5-1.66.11.6-2.05.52.73.51.520.0%
2016———2.92.6-2.74.03.3-2.31.813.84.230.1%

Risk X-RayiA 19-factor macroeconomic risk decomposition showing exactly which market forces (equity beta, rates, inflation, credit, commodity, crypto) drive this asset's volatility. Powered by multivariate regression against daily factor returns.

Risk Profile Insight: This asset has an estimated annualized volatility of 20.3%. The dominant macroeconomic risk driver is VTI.US, accounting for 122.6% of variance. Idiosyncratic stock-specific factors contribute 6.3%.

10-Year Historical Price Series (Growth of $10,000)
DateSimulated Value
2016-03-0110000
2016-04-0110285.521440155106
2016-05-0110552.47017041594
2016-06-0110263.59658262138
2016-07-0110674.008171992355
2016-08-0111024.715293947109
2016-09-0110774.617900468395
2016-10-0110969.631354358247
2016-11-0112484.756788098972
2016-12-0113011.22516466293
2017-01-0113033.82951158303
2017-02-0113665.93583808221
2017-03-0113274.64055011461
2017-04-0113202.886470913327
2017-05-0112987.624233309476
2017-06-0113786.25075876315
2017-07-0114006.26942207163
2017-08-0113721.744566349875
2017-09-0114475.11709867092
2017-10-0114863.96622484757
2017-11-0115378.61148608859
2017-12-0115611.766944200332
2018-01-0116500.17666724046
2018-02-0116052.121365864265
2018-03-0115536.388921605045
2018-04-0115478.722922347953
2018-05-0115455.620283211176
2018-06-0115152.296221133029
2018-07-0115867.390851354903
2018-08-0116076.129990849546
2018-09-0115661.686764452741
2018-10-0114846.20890221695
2018-11-0115222.87251873126
2018-12-0113513.639616949185
2019-01-0114761.000933165427
2019-02-0115234.152042545096
2019-03-0114762.269313353325
2019-04-0116037.036701486724
2019-05-0114919.639055237956
2019-06-0115868.07034074128
2019-07-0116303.351241653605
2019-08-0115464.408345941638
2019-09-0116193.500457522854
2019-10-0116547.96742074889
2019-11-0117344.51017875101
2019-12-0117782.73553367097
2020-01-0117326.390461780986
2020-02-0115396.776502351033
2020-03-0111886.036040117055
2020-04-0113079.491198347483
2020-05-0113443.561611567628
2020-06-0113491.216467198783
2020-07-0113878.07242450873
2020-08-0114419.716064035081
2020-09-0113859.635612491735
2020-10-0113990.77706406226
2020-11-0116285.684517607837
2020-12-0117393.977006079167
2021-01-0117134.412060483617
2021-02-0119149.007492502966
2021-03-0120256.711090172776
2021-04-0121518.83997571958
2021-05-0122408.563378240033
2021-06-0121762.912563305763
2021-07-0121692.24566712268
2021-08-0122810.322802757823
2021-09-0122424.64462705093
2021-10-0124103.662900785494
2021-11-0122842.30410320991
2021-12-0123468.385623816557
2022-01-0123355.092093461502
2022-02-0123044.52014459534
2022-03-0122839.13315274016
2022-04-0120494.079382480046
2022-05-0121240.61172164491
2022-06-0118945.296574467506
2022-07-0120363.119128079223
2022-08-0119972.54862879042
2022-09-0118394.04948494705
2022-10-0120618.607137356514
2022-11-0121861.07612999085
2022-12-0120585.76515034835
2023-01-0122187.45753191335
2023-02-0121745.155240675143
2023-03-0119485.717133098384
2023-04-0119913.47835146815
2023-05-0119096.868006921733
2023-06-0120454.71429736268
2023-07-0121675.84732326481
2023-08-0120989.245947978296
2023-09-0120334.127580927187
2023-10-0119744.55729001513
2023-11-0122019.940748525514
2023-12-0123487.637823097204
2024-01-0123943.801697817482
2024-02-0124926.29805122444
2024-03-0126172.436286545206
2024-04-0124982.786268878484
2024-05-0125793.50770540964
2024-06-0125638.267030268988
2024-07-0127439.230999211795
2024-08-0128421.59145474148
2024-09-0128372.21522599817
2024-10-0129182.98196182176
2024-11-0132573.135707620248
2024-12-0130637.949935222015
2025-01-0132631.979488480392
2025-02-0132725.658425215403
2025-03-0131146.29859481595
2025-04-0130447.42111128224
2025-05-0132037.879268325833
2025-06-0133301.32183335296
2025-07-0133409.27004720187
2025-08-0134547.188272919186
2025-09-0134460.71192367976
2025-10-0133485.68995352293
2025-11-0134108.64582295225
2025-12-0135215.66993123567
2026-01-0134527.12068637488
2026-02-0133118.312691955754
2026-03-0131800.103282386735
2026-04-0133616.60490863133
Annual Return Matrix
YearAnnual Return
20170.19986909354241233
2018-0.1343939692893371
20190.3159101498731225
2020-0.021861570558461052
20210.3492248273994152
2022-0.12282994321274565
20230.14096501400628014
20240.30442874528205466
20250.14941339109478147
2026-0.04540776948803704
Total Factor Risk
0.2030553827956583
VTI.US Exposure
1.2258624287074102
VEA.US Exposure
-0.018495557722861294
VWO.US Exposure
0.003846434592140206
QQQ.US Exposure
-0.22935862080433891
VTV.US Exposure
0.02887874230382343
IJR.US Exposure
0.08229925462672802
QUAL.US Exposure
-0.13722736802808333
SHV.US Exposure
0.0054333290251824635
TLT.US Exposure
-0.0023890710566026986
LQD.US Exposure
0.0059600824115067265
HYG.US Exposure
0.0035845542531406155
GLD.US Exposure
-0.005217907611545605
USO.US Exposure
0.0007302975262377181
VNQ.US Exposure
-0.04460253815426156
BTC-USD.CC Exposure
0.00330182979018759
CPER.US Exposure
0.009220314996221777
VIX.INDX Exposure
-0.005285301084505046
UUP.US Exposure
0.013755278458212712
TIP.US Exposure
-0.0031192441833886846
Idiosyncratic Exposure
0.06282306195479542
Value Score
50
Growth Score
50
Profit Score
37.5
Health Score
23.6
Yield Score
0
Moat Score
40

Factor Risk Decomposition

Share of annualised volatility attributable to each macro factor.

Total Est. Vol
20.3%

FundamentalsiCompany financial health metrics: P/E valuation, dividend yield, Piotroski F-Score (9-point profitability signal), Altman Z-Score (bankruptcy risk proxy), and a radar chart across 6 fundamental dimensions. Note: ETFs may show N/A for some metrics.

Fundamental Dimensions

Core Valuation

P/E Ratio (TTM)P/E RatioPrice-to-Earnings ratio — the market price of a stock divided by its earnings per share, a key valuation measure.Click for full definition →N/A
Dividend YieldDividend YieldAnnual dividend paid per share divided by the current share price — expressed as a percentage income return.Click for full definition →0.00%
Market Cap$0
Piotroski F-ScorePiotroski F-ScoreA 9-point scoring system evaluating a company's financial strength across profitability, leverage, and operating efficiency.Click for full definition →
9-point profitability signal
0.0/ 9
Weak
Altman Z-ScoreAltman Z-ScoreA bankruptcy prediction model that combines 5 financial ratios into a single score indicating financial distress risk.Click for full definition →
Bankruptcy risk proxy
1.18
Distress Zone
Income Simulation

Based on $10,000 initial investment.

Total Income Generated
$183
Avg Yield on Cost
1.83%
Annual Income Simulation Table
Historical Realised Yields
YearAnnual PayoutYield on CostQuality
2026$182.561.83%Solid

Momentum & MacroiPrice momentum indicators relative to key technical levels: distance from 50-Day SMA (intermediate trend), 200-Day SMA (long-term trend), 52-Week High (bullish proximity), and Beta (market sensitivity coefficient).

vs 50-Day SMAMoving Averages (SMA)A rolling average of an asset's price over a defined window — used to identify trends and momentum signals.Click for full definition →
+2.5%
Above/below 50-day moving average
vs 200-Day SMAMoving Averages (SMA)A rolling average of an asset's price over a defined window — used to identify trends and momentum signals.Click for full definition →
-0.6%
Above/below 200-day moving average
vs 52-Week High52-Week HighThe highest price an asset reached in the past 52 weeks — a key reference for momentum and valuation context.Click for full definition →
7.4% from high
Distance from 52-week high
BetaBetaA measure of an asset's sensitivity to broad market movements relative to a benchmark (e.g. S&P 500).Click for full definition →
1.05
Market sensitivity coefficient

Frequently Asked Questions & Methodology

Is Fidelity® MSCI Financials Index ETF a high-risk investment?

Fidelity® MSCI Financials Index ETF (FNCL.US) has an annualized volatility of 20.3% and experienced a maximum drawdown of 33.2% over the last 10 years. Its primary macro risk driver is VTI.US.

What is the 10-year return of FNCL.US?

Over the past 10 years, FNCL.US has generated a Compound Annual Growth Rate (CAGR) of 12.4%. It has had a positive return in 60% of the years measured.

Data Methodology & Trust

The risk and return information on this page is pre-calculated mathematically using daily market data spanning a 10-year period. Fundamentals (such as P/E Ratio, Market Cap, and Dividend Yield) represent trailing averages and may not immediately reflect real-time live market fluctuations. Advanced scoring models like the Piotroski F-Score and Altman Z-Score are proxies applied to publicly available trailing-twelve-month financial statements and may not account for recent off-balance-sheet events, qualitative company shifts, or sector-specific capital structures. Macroeconomic factor exposures are estimated via multivariate regression against standard market indices. This data is provided for quantitative insight and backtesting research, and should not be misconstrued as tailored financial advice.

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