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FNCLvsIYGETF Comparison

ETF 1

FNCL

Fidelity MSCI Financials Index ETF

This fund is part of

US Financials

+0.28%

Full FNCL fund page

VS

ETF 2

IYG

iShares U.S. Financial Services ETF

This fund is part of

US Financials

+0.28%

Full IYG fund page

Fidelity MSCI Financials Index ETF (FNCL) and iShares U.S. Financial Services ETF (IYG) belong to the same industry segment: US Financials. Both ETFs have the same top 3 sector exposures: Finance, Technology and Business Services. FNCL is less expensive with a Total Expense Ratio (TER) of 0.084%, versus 0.37% for IYG. FNCL is up 3.46% year-to-date (YTD) with -$168M in YTD flows. IYG performs worse with 2.58% YTD performance, and +$131M in YTD flows. Run a side-by-side ETF comparison of FNCL and IYG below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.

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FNCL vs IYG performance and flow charts

Performance

Cumulative Flows

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Daily, global ETF data for advanced analysis or integration into apps (API), from our partner Trackinsight.

Data Services

Historic performance and flows

Data as of 10/28/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	FNCL IYG	+3.15%+2.66%	-2.95%-2.24%	+3.46%+2.58%	+7.47%+6.98%	+86.37%+98.02%	+50.70%+52.20%
Flows	FNCL IYG	-$58M+$46M	-$26M+$93M	-$168M+$131M	-$197M+$200M	+$62M+$229M	-$190M-$752M

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	FNCL IYG	+12.89%+12.99%	+14.72%+15.49%	+16.76%+17.62%	+19.01%+20.22%
Max drawdown	FNCL IYG	-8.79%-8.52%	-14.71%-15.91%	-17.30%-18.59%	-25.71%-29.58%
Max drawdown duration	FNCL IYG	55d55d	177d189d	129d127d	770d797d

Trading data

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	FNCL	IYG
Last sale 10/29/2026 at 1:30 PM	$80.49	$95.20
Previous close 10/28/2026	$79.35	$93.86
Consolidated volume 10/28/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of September 30, 2026

1-year trailing difference

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	FNCL	IYG
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 10/29/2026 at 1:30 PM

Live

Closed

	FNCL	IYG
Last price	$80.49	$95.20
1D performance	+1.44%	+1.43%
AuM	$2.30 B	$2.22 B
E/R	0.084%	0.37%

Characteristics

	FNCL	IYG
Management strategy	Passive	Passive
Provider	Fidelity	iShares
Benchmark	MSCI USA IMI Financials 25/50 Index	Dow Jones U.S. Financial Services Index
N° of holdings	307	99
Asset class	-	Equities
Trailing 12m distribution yield	Join	Join
Inception date	October 21, 2013	June 12, 2000
ESG	No	No

More FNCL data on Trackinsight

More IYG data on Trackinsight

Exposure

Countries

FNCL

USA

96.39%

Other

3.61%

IYG

USA

99.72%

Other

0.28%

Sectors

FNCL

Finance

95.65%

Other

4.35%

IYG

Finance

96.24%

Other

3.76%

Diversification

FNCL

Total weight of top 15 holdings out of 15

58.9%

IYG

Total weight of top 15 holdings out of 15

72.6%

Top 15 holdings

Data as of August 31, 2026

FNCL

JPMorgan Chase & Co.

10.87%

Berkshire Hathaway, Inc.

8.15%

Visa, Inc.

7.25%

Mastercard, Inc.

5.53%

Bank of America Corp.

4.63%

The Goldman Sachs Group, Inc.

3.48%

Wells Fargo & Co.

3.00%

Morgan Stanley

2.90%

Citigroup, Inc.

2.59%

The Charles Schwab Corp.

2.08%

American Express Co.

2.01%

BlackRock, Inc.

1.97%

S&P Global, Inc.

1.53%

The Progressive Corp.

1.46%

Capital One Financial Corp.

1.45%

IYG

JPMorgan Chase & Co.

12.99%

Berkshire Hathaway, Inc.

12.58%

Visa, Inc.

8.57%

Mastercard, Inc.

6.47%

Bank of America Corp.

5.51%

The Goldman Sachs Group, Inc.

4.12%

Wells Fargo & Co.

3.60%

Morgan Stanley

3.48%

Citigroup, Inc.

3.06%

The Charles Schwab Corp.

2.44%

American Express Co.

2.39%

BlackRock, Inc.

2.27%

Capital One Financial Corp.

1.82%

S&P Global, Inc.

1.80%

The Bank of New York Mellon Corp.

1.51%

Frequently asked questions about FNCL and IYG

How have the FNCL and IYG ETFs performed in 2026?

As of October 28, 2026, FNCL is up 3.46% year-to-date (YTD), while IYG has returned 2.58%. That puts FNCL better performer ahead so far this year.

Which ETF is attracting more investor money: FNCL or IYG?

Year-to-date, the FNCL ETF saw -$168M in flows, compared to +$131M for IYG.

Which ETF is more volatile: FNCL or IYG?

Over the past year, FNCL had a volatility of 14.72%, while IYG experienced 15.49%.

Which ETF is bigger: FNCL or IYG?

As of October 28, 2026, FNCL holds $2.30 B in assets under management (AUM), while IYG manages $2.22 B.

What sectors do the FNCL and IYG ETFs invest in?

FNCL leans toward sectors like Finance. Meanwhile, IYG focuses on Finance.

What are the top holdings of the FNCL ETF and IYG ETF?

FNCL top holdings include JPMorgan Chase & Co., Berkshire Hathaway, Inc. and Visa, Inc.. IYG holds in its top three: JPMorgan Chase & Co., Berkshire Hathaway, Inc. and Visa, Inc..

Which ETF is more diversified: FNCL or IYG?

FNCL holds 307 securities with 58.9% of its assets in the top 15. IYG has 99 securities and a top 15 weight of 72.6%.

3 Financial Sector ETFs to examine as interest rates rise

August 17, 2022

IYG

FNCLvsIYGETF Comparison

Fidelity MSCI Financials Index ETF

iShares U.S. Financial Services ETF

FNCL vs IYG performance and flow charts

Performance

Cumulative Flows

Get all the metrics on this page, and more, through a reliable ETF data feed

Countries

Sectors

Diversification

Top 15 holdings

How have the FNCL and IYG ETFs performed in 2026?

As of October 28, 2026, FNCL is up 3.46% year-to-date (YTD), while IYG has returned 2.58%. That puts FNCL better performer ahead so far this year.

Which ETF is attracting more investor money: FNCL or IYG?

Year-to-date, the FNCL ETF saw -$168M in flows, compared to +$131M for IYG.

Which ETF is more volatile: FNCL or IYG?

Over the past year, FNCL had a volatility of 14.72%, while IYG experienced 15.49%.

Which ETF is bigger: FNCL or IYG?

As of October 28, 2026, FNCL holds $2.30 B in assets under management (AUM), while IYG manages $2.22 B.

What sectors do the FNCL and IYG ETFs invest in?

FNCL leans toward sectors like Finance. Meanwhile, IYG focuses on Finance.

What are the top holdings of the FNCL ETF and IYG ETF?

FNCL top holdings include JPMorgan Chase & Co., Berkshire Hathaway, Inc. and Visa, Inc.. IYG holds in its top three: JPMorgan Chase & Co., Berkshire Hathaway, Inc. and Visa, Inc..

Which ETF is more diversified: FNCL or IYG?

FNCL holds 307 securities with 58.9% of its assets in the top 15. IYG has 99 securities and a top 15 weight of 72.6%.

3 Financial Sector ETFs to examine as interest rates rise

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