Is FNCL a good investment?

Fidelity MSCI Financials Index ETF (FNCL) is a financial sector ETF. As of September 11, 2026, ETF Copilot scores FNCL 4.6 out of 10 — highest on Quality (7.8), lowest on Growth (0.8). It trades at 15.7 times earnings, against its own median of 14.1. Its ten largest holdings are 49% of the fund.

Updated September 11, 2026

How is FNCL rated? ETF Copilot scores Fidelity MSCI Financials Index ETF (FNCL) 4.6 out of 10

As of September 11, 2026, ETF Copilot scores Fidelity MSCI Financials Index ETF (FNCL) 4.6 out of 10 overall.

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

Overall: 4.6 / 10
Growth: 0.8 / 10
Valuation: 4.5 / 10
Risk: 4.4 / 10
Quality: 7.8 / 10
Return: 6.3 / 10

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

As of September 11, 2026, FNCL charges 0.08% a year, yields 1.64% and holds $2.4B in assets across 377 positions.

Fidelity MSCI Financials Index ETF (FNCL) — cost, income and size
Measure	FNCL
Expense ratio	0.08%
Dividend yield	1.64%
Assets under management	$2.4B
Holdings	377

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 FNCL's data

U.S. financials stocks, tracked through an MSCI index.

Earns about the same on its capital as the typical financials fund — no edge from profitability.

Return on invested capital of 4.4% sits in line with the category median of 4.4%. The fund holds 377 stocks.

A broad, plain-vanilla financials allocation at a low cost.

Why did FNCL move this week? It fell 2.4% in the week to September 11, 2026 — JPMorgan Chase and Visa drove it

FNCL fell 2.4% in the week to September 11, 2026. The holdings that moved it most were JPMorgan Chase (−1.6%), Visa (−2.2%) and Mastercard (−2.8%); Berkshire Hathaway (+0.5%) pushed the other way.

Is FNCL expensive right now? It trades at 15.7 times earnings, against its own median of 14.1

As of September 11, 2026, FNCL is more expensive than 65% of its own 114 monthly readings since 2017 — 74 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 FNCL?

What's inside FNCL: Size (Large 82%, Mid 14%, Small 5%); Geography (International 4%, US 97%); Tech 2.1%.

What are FNCL's top holdings? The ten largest are 49% of the fund

JPMorgan Chase, Berkshire Hathaway, Visa, Mastercard, Bank of America, Goldman Sachs, Wells Fargo, Morgan Stanley, Citigroup and The Charles Schwab are FNCL's largest holdings, in that order.

Less concentrated than 52% of Financials ETFs.

Half of FNCL's weight sits in its 11 largest positions, and once those weights are taken into account it behaves like 29 equally weighted holdings.

Cite this

ETF Copilot, “Fidelity MSCI Financials Index ETF (FNCL) scores and holdings analysis”, as of September 11, 2026.
https://etf-copilot.com/etf/fncl