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Upturn AI Summary
Fidelity® MSCI Communication Services Index ETF(FCOM)
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- PASS (Skip)
Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for FCOM
09/25/2026: FCOM (2-star) has a low Upturn Star Rating. Not recommended to BUY.
Fidelity® MSCI Communication Services Index ETF (FCOM) provides targeted exposure to the U.S. communication services sector, including internet, media, and telecommunications companies. It achieves this by tracking the MSCI USA IMI Communication Services 25/50 Index, offering investors a low-cost, efficient way to gain exposure to digital growth. Its key strengths lie in its ultra-low expense ratio, the reputable backing of Fidelity, and strong liquidity. The primary risks involve significant concentration in a few large-cap holdings and susceptibility to sector-specific regulatory or economic headwinds. It is best suited for long-term growth-oriented investors who should monitor corporate regulatory developments and interest rate trends.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
ETF holdings, costs, diversification, valuation, risks, and market conditions provide supporting context about the fund.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Strong fit | The portfolio is concentrated in high-growth, technology-driven communication companies. |
| Momentum investor | Strong fit while signal remains positive | This sector often leads broader market rallies when growth stocks are in favor. |
| Value investor | Mixed fit | The sector includes high-valuation tech stocks that may not meet traditional value screening criteria. |
| Dividend/Income investor | Mixed fit | While some legacy telecom holdings provide yield, the fund is primarily growth-oriented rather than income-focused. |
| Low-risk investor | Weak fit | The high concentration in tech-heavy communication stocks results in volatility that may exceed conservative risk tolerances. |
Investor Profile
Ideal Investor Profile
The ideal investor is an individual seeking long-term growth through exposure to the communication and digital media industries who is comfortable with sector-specific volatility.
Suitability
FCOM is best suited for long-term investors or as a tactical component in a well-diversified growth portfolio, rather than for active day trading.
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Volatility | High | The concentrated nature of the sector and exposure to mega-cap growth stocks lead to price swings. |
| Market risk | Medium / high | Broad market downturns typically impact high-beta growth sectors more severely than the general market. |
| Concentration | High | A significant portion of the fund is tied to a few large-cap companies, increasing sensitivity to individual company performance. |
| Tracking/expense | Low | The low expense ratio and efficient structure result in minimal tracking error relative to the index. |
| Liquidity | Low | The fund holds highly liquid, large-cap stocks, ensuring ease of trading for most investors. |
| Business/sector quality | Medium | The sector is subject to rapid technological shifts and significant regulatory scrutiny. |
Risk Analysis
Volatility
FCOM exhibits higher-than-average historical volatility due to its concentration in growth-oriented technology and media companies.
Market Risk
The primary risk is the sector's sensitivity to macroeconomic conditions, including interest rate changes and consumer spending trends.
What the ETF Owns
| Exposure Type | Exposure | Weight (%) | Retail Investor Read |
|---|---|---|---|
| Sector | Communication Services (Large-Cap Tech, Media, and Telecom) | 99.5 | This provides broad, diversified exposure to the companies driving the internet, digital media, and telecommunications landscape. |
| Cash/collateral | Cash and Cash Equivalents | 0.5 | A small portion of the portfolio is held in cash to manage daily liquidity needs and settlement activities. |
Price Behavior
Flat / Range-Bound
The stock price has been trading within a narrow range with minimal directional movement.
Smooth
The stock has moved along a generally orderly path with only modest fluctuations.
Analysis of Past Performance
Type ETF | Historic Profit 45.14% | Avg. Invested days 69 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Advisory Rating  | Upturn Advisory Performance  3.0 | ETF Returns Performance  5.0 |
| Profits based on simulation | Last Close 09/25/2026 |
ETF Fundamentals 
Source: EOD Historical Data • Updated Sep 25, 2026
Fund Basics
| Metric | Value |
|---|---|
| Fund Size (AUM) | $1.79B |
| Issuer | Fidelity Investments |
| Expense Ratio | 0.084% |
| Distribution Yield | 1% |
| Inception | Oct 21, 2013 |
Performance
| Period | Total Return |
|---|---|
| YTD | +1.30% |
| 1 Year | +3.02% |
| 3 Year | +24.11% |
| 5 Year | +7.30% |
| 10 Year | +11.27% |
Risk Metrics
| Metric | Value |
|---|---|
| 1Y Volatility | 15.42% |
| 3Y Volatility | 15.09% |
| 3Y Sharpe Ratio | 1.02 |
Ratings
| Metric | Value |
|---|---|
| Morningstar Rating | ★★★★★ |
| Sustainability Rating | 2 / 5 |
| Benchmark | MSCI ACWI NR USD |
Market Cap Distribution
| Cap Size | Weight |
|---|---|
| Mega Cap | 50.11% |
| Large Cap | 21.26% |
| Mid Cap | 19.40% |
| Small Cap | 6.26% |
| Micro Cap | 2.87% |
Top Sectors
| Sector | Weight |
|---|---|
| Communication Services | 95.60% |
| Industrials | 3.03% |
| Technology | 1.24% |
| Real Estate | 0.08% |
Asset Allocation
Portfolio Characteristics
| Metric | Value |
|---|---|
| Portfolio P/E | 15.24x |
| Portfolio P/B | 3.13x |
| Portfolio P/S | 2.67x |
| Holdings Turnover | 18.0% |
Top Holdings
| Holding | Weight |
|---|---|
| Meta Platforms | 23.89% |
| Alphabet Class A | 14.07% |
| Alphabet Class C | 7.76% |
| AT&T | 4.28% |
| Walt Disney | 4.27% |
Upturn AI Summary
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
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