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The Fidelity MSCI Financials Index ETF (FNCL) charges a rock-bottom expense ratio of 0.08%, versus 0.60% for the First Trust Nasdaq Bank ETF (FTXO). FTXO focuses exclusively on the banking industry, while FNCL spreads its bets across the broader financial sector -- including insurers, asset managers, and payment companies.
One fund spans insurance and payment processors, while the other focuses exclusively on regional lenders. Which strategy fits your portfolio?
Fidelity MSCI Financials Index ETF offers a lower expense ratio of 0.08% compared to the 0.35% charged by State Street SPDR S&P Bank ETF. State Street SPDR S&P Bank ETF provides targeted exposure to the banking industry, while Fidelity MSCI Financials Index ETF holds a broader portfolio of financial services companies.
IYF has delivered stronger 5-year returns despite higher fees, while FNCL offers broader diversification.
Launched on October 21, 2013, the Fidelity MSCI Financials Index ETF (FNCL) is a passively managed exchange traded fund designed to provide a broad exposure to the Financials - Broad segment of the equity market.
Both funds track 400+ financial stocks with nearly identical sector weights. VFH offers a larger asset base and slightly higher yield, while FNCL charges a lower expense ratio.
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Fidelity MSCI Financials Index ETF provides much broader sector exposure with 404 holdings compared to the 76 positions in the State Street fund State Street Financial Select Sector SPDR ETF offers significantly higher liquidity and a focus on the largest financial companies in the S&P 500 Both ETFs share an identical 0.08% expense ratio but Fidelity MSCI Financials Index ETF currently offers a higher trailing dividend yield