Is FCOM a good investment?

Fidelity MSCI Communication Services Index ETF (FCOM) is a communication-services ETF. As of September 11, 2026, ETF Copilot scores FCOM 4.7 out of 10 — highest on Valuation (7.8), lowest on Growth (0.5). It trades at 17.4 times earnings, against its own median of 20.4. Its ten largest holdings are 71% of the fund.

Updated September 11, 2026

How is FCOM rated? ETF Copilot scores Fidelity MSCI Communication Services Index ETF (FCOM) 4.7 out of 10

As of September 11, 2026, ETF Copilot scores Fidelity MSCI Communication Services Index ETF (FCOM) 4.7 out of 10 overall.

ETF Copilot scores (0–10 scale, higher is better):

Overall: 4.7 / 10
Growth: 0.5 / 10
Valuation: 7.8 / 10
Risk: 5.3 / 10
Quality: 7.4 / 10
Return: 4.6 / 10

What is FCOM's expense ratio? 0.08% a year

As of September 11, 2026, FCOM charges 0.08% a year, yields 1.06% and holds $1.8B in assets across 92 positions.

Fidelity MSCI Communication Services Index ETF (FCOM) — cost, income and size
Measure	FCOM
Expense ratio	0.08%
Dividend yield	1.06%
Assets under management	$1.8B
Holdings	92

Expense ratio, dividend yield and assets under management are reported by the fund and refreshed daily. Every other figure on this page is computed by ETF Copilot.

What stands out in FCOM's data

U.S. communication services companies, from media to digital content.

Earns less on its capital than most peers — its growth has to make up the gap.

Return on invested capital of 8.8% trails the category median of 15.5%, behind most peers. Top holdings concentration sits at 70.4%.

A focused sector sleeve for a portfolio that already tilts toward technology.

Is FCOM expensive right now? It trades at 17.4 times earnings, against its own median of 20.4

As of September 11, 2026, FCOM is cheaper than 71% of its own 114 monthly readings since 2017 — 33 of those months were cheaper than today.

Trailing twelve-month, computed by ETF Copilot from the fund's holdings rather than quoted from a data provider, and rebuilt nightly.

What's inside FCOM? 54% Tech

What's inside FCOM: Size (Large 82%, Mid 15%, Small 4%); Geography (International 0%, US 100%); Tech 53.8%; Magnificent 7 44.4%; AI 22.5%.

What are FCOM's top holdings? The ten largest are 71% of the fund

Meta Platforms, Alphabet, Verizon Communications, AT&T, Walt Disney, Netflix, Space Exploration Tech, Comcast and T-Mobile US are FCOM's largest holdings, in that order.

More concentrated than 88% of Communications ETFs.

Half of FCOM's weight sits in its 5 largest positions, and once those weights are taken into account it behaves like 11 equally weighted holdings.

Cite this

ETF Copilot, “Fidelity MSCI Communication Services Index ETF (FCOM) scores and holdings analysis”, as of September 11, 2026.
https://etf-copilot.com/etf/fcom