XLF vs FNCL: Which Financial Services ETF Wins Out for Investors?
See how these popular financial sector ETFs compare on risk, returns, and diversification.
Overview
The State Street Financial Select Sector SPDR ETF (NYSEMKT:XLF) provides concentrated exposure to large-cap financial giants, while the Fidelity MSCI Financials Index ETF (NYSEMKT:FNCL) includes a wider array of mid- and small-cap companies.
These two financial sector ETFs are staple choices for investors seeking exposure to American banks, insurers, and capital markets. While they overlap significantly in their largest holdings, their underlying indexes create a meaningful difference in how much of the broader financial market they capture.
Beta measures price volatility relative to the S&P 500; beta is calculated from monthly returns over the available fund history (up to five years). The 1-yr return represents total return over the trailing 12 months. Dividend yield is the trailing-12-month distribution yield.
Details
Source
Originally published at www.fool.com.
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