Fidelity MSCI Communication Services Index ETF (FCOM) is a communication-services ETF. As of October 28, 2026, ETF Copilot scores FCOM 5.1 out of 10 — highest on Quality (8.4), lowest on Risk (2.3). It trades at 16.3 times earnings, against its own median of 20.4. Its ten largest holdings are 71% of the fund.
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 — the business model carries a real cost.
Return on invested capital of 7.1% trails the category median of 18.6%. Top holdings concentration sits at 72.1%.
A focused sector sleeve for a portfolio that already tilts toward technology.
Why did FCOM move this week? It fell 5.4% in the week to October 28, 2026 — Meta Platforms and Alphabet drove it
FCOM fell 5.4% in the week to October 28, 2026. The holdings that moved it most were Meta Platforms (−12.2%), Alphabet (−2.9%) and Space Exploration Tech (−8.8%); Roblox (+1.4%) pushed the other way.
How is FCOM rated? ETF Copilot scores Fidelity MSCI Communication Services Index ETF (FCOM) 5.1 out of 10
As of October 28, 2026, ETF Copilot scores Fidelity MSCI Communication Services Index ETF (FCOM) 5.1 out of 10 overall.
ETF Copilot scores (0–10 scale, higher is better):
- Overall: 5.1 / 10
- Growth: 4.3 / 10
- Value: 7.7 / 10
- Risk: 2.3 / 10
- Quality: 8.4 / 10
- Return: 4.0 / 10
Is FCOM expensive right now? It trades at 16.3 times earnings, against its own median of 20.4
As of October 28, 2026, FCOM is cheaper than 76% of its own last 9 years.
Trailing 12 months, built from FCOM's holdings. How we calculate this →
What's inside FCOM? 46% Magnificent 7
What's inside FCOM: Size (Large 81%, Mid 15%, Small 5%); Geography (International 0%, US 100%); Tech 30.8%; Magnificent 7 45.9%; AI 22.9%.
What are FCOM's top holdings? The ten largest are 71% of the fund
Facebook, Alphabet, Walt Disney, Verizon Communications, AT&T, Netflix, Space Exploration Tech, Comcast and T-Mobile US are FCOM's largest holdings, in that order.
More concentrated than 84% of Communications ETFs.
Half of FCOM's weight sits in its 4 largest positions, and once those weights are taken into account it behaves like 10 equally weighted holdings.
What is FCOM's expense ratio? 0.08% a year
As of October 28, 2026, FCOM charges 0.08% a year, yields 1.01% and holds $1.6B in assets across 91 positions.
| Measure | FCOM |
|---|---|
| Expense ratio | 0.08% |
| Dividend yield | 1.01% |
| Assets under management | $1.6B |
| Holdings | 91 |
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.
Cite this
ETF Copilot, “Fidelity MSCI Communication Services Index ETF (FCOM) scores and holdings analysis”, as of October 28, 2026.
https://etf-copilot.com/etf/fcom
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