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Fidelity Disruptive Communications (FNETX)

12.47 0.00 (0.00%)
At close: January 23 at 8:01 PM EST

Fund Summary

Normally the fund invests at least 80% of assets in securities of disruptive communications companies. Normally it invests primarily in equity securities. Companies within the disruptive communications theme include but are not limited to those companies that, in the Adviser's opinion, are engaged in social media, next generation digital infrastructure, and connected devices (e.g., 5G communications, cloud networking). The fund is non-diversified.

Risk Overview

Morningstar Risk Rating
Best 1Y Total Return 11.28%
Worst 1Y Total Return --
Number of Years Up 1
Number of Years Down 1

Performance & Risk

YTD Return 26.09%
5y Average Return 0.00%
Rank in Category (ytd) 34
% Rank in Category (ytd) --
Beta (5Y Monthly) 1.15
Morningstar Risk Rating

Risk Statistics

3 Years5 Years10 Years
FNETXCategory AverageFNETXCategory AverageFNETXCategory Average
Alpha -6.18 0.04 -- 0 -- 0.02
BETA 1.15 0.01 -- 0.01 -- 0.01
Mean Annual Return 0.52 0.02 -- 0.01 -- 0.01
R-squared 74.89 0.81 -- 0.7 -- 0.67
Standard Deviation 22.71 0.19 -- 0.16 -- 0.14
Sharpe Ratio 0.21 0.01 -- 0.01 -- 0.01
Treynor Ratio 2.08 0.18 -- 0.13 -- 0.12

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