FNCL vs VTEC
Comparison between FIDELITY MSCI FINANCIALS INDEX ETF (FNCL, ETF) and VANGUARD CALIFORNIA TAX-EXEMPT BOND ETF ETF SHARES (VTEC, ETF).
FNCL vs VTEC - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
FNCL
$2.20B
VTEC
$2.20B
Expense Ratio
FNCL
0.08%
Winner
VTEC
0.06%
Max Drawdown
FNCL
44.96%
Winner
VTEC
5.70%
Sharpe Ratio
FNCL
0.34
Winner
VTEC
0.86
5Y Beta
FNCL
0.86
Winner
VTEC
0.04
P/E Ratio
FNCL
16.46
VTEC
N/A
Forward P/E
FNCL
14.46
VTEC
N/A
5Y Dividends CAGR
FNCL
5.38%
VTEC
N/A
5Y EPS CAGR
FNCL
11.90%
VTEC
N/A
P/S Ratio
FNCL
3.30
VTEC
N/A
P/B Ratio
FNCL
2.13
VTEC
N/A
FNCL vs VTEC - Historical Returns
Returns include dividend reinvestment.
1M
Winner
FNCL
+0.54%
VTEC
+0.29%
3M
FNCL
-4.39%
Winner
VTEC
-0.55%
6M
FNCL
-1.09%
Winner
VTEC
+1.13%
1Y
Winner
FNCL
+6.81%
VTEC
+6.28%
5Y(CAGR)
FNCL
+8.37%
VTEC
N/A
10Y(CAGR)
FNCL
+12.56%
VTEC
N/A
Max(CAGR)
Winner
FNCL
+11.25%
VTEC
+2.60%
FNCL vs VTEC - Annual Returns (2013 - 2026)
Returns include dividend reinvestment.
| Year | FNCL | VTEC |
|---|---|---|
| 2026 | -5.52% | +0.48% |
| 2025 | +15.27% | +3.86% |
| 2024 | +30.29% | +1.42% |
| 2023 | +13.75% | N/A |
| 2022 | -13.26% | N/A |
| 2021 | +36.91% | N/A |
| 2020 | -2.92% | N/A |
| 2019 | +30.72% | N/A |
| 2018 | -13.32% | N/A |
| 2017 | +18.99% | N/A |
| 2016 | +27.37% | N/A |
| 2015 | -0.62% | N/A |
| 2014 | +14.62% | N/A |
| 2013 | +4.82% | N/A |
FNCL vs VTEC Drawdown Comparison
The maximum drawdown for FNCL was -44.36%, occurring on Mar 23, 2020. Recovery took 226 trading sessions.
The maximum drawdown for VTEC was -4.50%, occurring on Apr 8, 2025. Recovery took 190 trading sessions.
The current FNCL drawdown is -8.07%. The current VTEC drawdown is -1.28%.
| Rank | FNCL | VTEC |
|---|---|---|
| #1 | -44.36% Feb 14, 2020 - Jan 7, 2021 | -4.50% Dec 2, 2024 - Sep 8, 2025 |
| #2 | -25.68% Jan 12, 2022 - Feb 23, 2024 | -2.85% Feb 27, 2026 - Mar 27, 2026 |
| #3 | -24.26% Jan 26, 2018 - Nov 1, 2019 | -2.43% Feb 1, 2024 - Aug 1, 2024 |
| #4 | -20.91% Jul 22, 2015 - Aug 30, 2016 | -2.13% Oct 1, 2024 - Dec 2, 2024 |
| #5 | -17.29% Feb 18, 2025 - Jun 30, 2025 | -0.79% Aug 6, 2024 - Sep 5, 2024 |
| #6 | -14.78% Jan 6, 2026 - Mar 27, 2026 | -0.47% Sep 17, 2025 - Oct 10, 2025 |
| #7 | -8.60% Mar 1, 2017 - Jul 25, 2017 | -0.44% Nov 26, 2025 - Dec 24, 2025 |
| #8 | -8.18% Jun 4, 2021 - Aug 10, 2021 | -0.42% Nov 11, 2025 - Nov 26, 2025 |
| #9 | -7.93% Nov 29, 2024 - Jan 27, 2025 | -0.34% Oct 29, 2025 - Nov 11, 2025 |
| #10 | -7.82% Jan 14, 2021 - Feb 9, 2021 | -0.31% Jan 14, 2026 - Jan 30, 2026 |
| #11 | -7.66% Nov 3, 2021 - Jan 7, 2022 | -0.16% Sep 27, 2024 - Oct 1, 2024 |
| #12 | -7.10% Jul 30, 2024 - Aug 23, 2024 | -0.12% Sep 10, 2024 - Sep 13, 2024 |
| #13 | -6.78% Dec 29, 2014 - Mar 20, 2015 | -0.11% Sep 17, 2024 - Sep 26, 2024 |
| #14 | -6.68% Jan 15, 2014 - Mar 5, 2014 | -0.10% Sep 8, 2025 - Sep 10, 2025 |
| #15 | -6.40% Sep 18, 2014 - Oct 30, 2014 | -0.09% Sep 11, 2025 - Sep 15, 2025 |
Correlation
Correlation between FNCL and VTEC is 0.68 which considered as a moderate positive correlation - the stocks show some tendency to move together.
0.68
-101
Dividend Comparison (2013 - 2026)
FNCL vs VTEC dividend yield comparison.
| Year | FNCL | VTEC |
|---|---|---|
| 2026 | 0.55% | 1.03% |
| 2025 | 1.45% | 3.13% |
| 2024 | 1.52% | 2.54% |
| 2023 | 1.91% | 0.00% |
| 2022 | 2.29% | 0.00% |
| 2021 | 1.75% | 0.00% |
| 2020 | 2.26% | 0.00% |
| 2019 | 2.17% | 0.00% |
| 2018 | 2.37% | 0.00% |
| 2017 | 1.60% | 0.00% |
| 2016 | 1.81% | 0.00% |
| 2015 | 2.17% | 0.00% |
| 2014 | 1.77% | 0.00% |
| 2013 | 0.43% | 0.00% |
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