Fidelity's FNCL or State Street's KBE: Which Financial ETF Is the Better Long-Term Buy?

Fidelity's FNCL or State Street's KBE: Which Financial ETF Is the Better Long-Term Buy?

Key PointsFidelity MSCI Financials Index ETF offers a lower expense ratio of 0.08% compared to the 0.35% charged by State Street SPDR S&P Bank ETF.State Street SPDR S&P Bank ETF provides targeted exposure to the banking industry, while Fidelity MSCI Financials Index ETF holds a broader portfolio of financial services companies.Fidelity MSCI Financials Index ETF has shown a lower maximum drawdown over the last five years, compared to the banking-…