FDIS — Fidelity MSCI Consumer Discretionary Index ETF

FDIS Price Performance — Growth of $10,000

Value of a $10,000 investment in FDIS over time, compared with SPY. Both lines are rebased to $10,000 on the first shared date. Based on total returns — prices are adjusted for dividends and splits, so this assumes distributions were reinvested. Hover or tap the chart for exact values.

FDIS Drawdown

The "underwater" chart: FDIS's decline from its highest prior value at each point in time. It shows how deep past losses ran and how long the fund took to recover to break-even.

Overview

The Fidelity MSCI Consumer Discretionary Index ETF (FDIS) is a Consumer Discretionary fund managed by Fidelity Investments with $1.70 billion in assets under management. Trading at a price of $96.62, the fund carries an expense ratio of 0.084% and offers a dividend yield of 0.72%. ETFValuer currently tracks 8 ETFs within this specific category, placing FDIS at an overall rank of #417 out of 458 tracked funds across all categories. The fund has received an ETFValuer grade of D, reflecting a score of 40.6 out of 100. The asset size of $1.70 billion suggests a moderate level of investor adoption relative to the broader universe of 458 funds. This ranking position indicates the fund is situated in the lower tier of the total tracked population despite its significant asset base. The combination of a low expense ratio and a modest yield defines the fund's cost and income profile for potential investors.

Recent performance data shows a divergence between short-term declines and long-term gains, with the fund posting a 1-day return of +0.52% following a 1-week drop of -4.92%. Over the past month, the fund declined by -4.05%, while the 3-month return stands at -4.56%, indicating sustained downward pressure in the near term. Year-to-date performance is negative at -4.50%, and the 6-month return has fallen to -8.03%. The 1-year return is recorded at -0.96%, contrasting sharply with a 3-year return of +30.46%. This pattern illustrates a significant deceleration in performance over the last year compared to the strong gains accumulated over the previous three years. The fund has not yet recovered the losses seen in the 6-month and 1-year periods to match its longer-term trajectory.

The fund is assigned a Moderate volatility label and exhibits a beta of 1.20, suggesting it tends to move with greater magnitude than the broader market. A Sharpe ratio of -0.31 indicates that the risk-adjusted returns have been negative over the measured period. The maximum drawdown recorded for the fund is -27.43%, highlighting the potential for significant capital erosion during market downturns. This combination of a beta above 1.0 and a negative Sharpe ratio implies that the fund has experienced periods of high volatility without generating sufficient excess returns to compensate for the risk taken. The substantial drawdown figure further underscores the fund's sensitivity to market corrections within the Consumer Discretionary sector. Investors should note that the fund's behavior reflects a profile where downside moves have been pronounced relative to the returns generated.

AI-generated summary based on the data on this page.

FDIS Top Holdings

Holdings as of 2026-04-30 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 62.8% of net assets — a rough gauge of concentration risk (the higher this figure, the more the fund's return depends on a handful of names). To see how FDIS's holdings overlap with other ETFs you own or are considering, check the Stock Overlap tool.

Which Funds Overlap With FDIS

Holding two funds that own the same companies adds cost and complexity without adding much diversification. These tracked ETFs share the most names with FDIS's top 10 — XLY overlaps most, holding 10 of the same companies as FDIS's top 10 (62.8% of FDIS's assets).

Compares the top 10 reported holdings of each fund, so it's a floor on true overlap — two S&P 500 trackers overlap ~100% even when only 10 names are listed. Use the Stock Overlap tool to search by individual company.

Market Backdrop

10-Year Treasury Yield: 4.71% (as of 2026-07-23) — The yield on 10-year US Treasury bonds — the standard "risk-free rate" benchmark used to contextualize this fund’s Sharpe ratio and returns.

CBOE Volatility Index (VIX): 18.70 (as of 2026-07-23) — A real-time gauge of expected S&P 500 volatility over the next 30 days — useful context for this fund’s own volatility label.

Federal Funds Rate: 3.63% (as of 2026-06-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

FDIS Liquidity, Domicile & Tax Treatment

Liquidity: Quoted bid/ask spread is 0.03% and average daily volume is 89K/day. Tighter spreads and higher volume mean lower round-trip trading costs; this is a live-market snapshot and can widen during volatile sessions. AUM of $1.70B provides ample scale, supporting tight spreads and issuer commitment to keep the fund open.

Domicile & tax treatment: FDIS is a US-domiciled, SEC-registered ('40 Act) exchange-traded fund. Dividends and capital gains distributions are reported to US investors on Form 1099-DIV, and the fund is not subject to the PFIC reporting or UCITS-specific rules that apply to Irish- or Luxembourg-domiciled funds. Non-US investors should note that US-domiciled ETFs are generally subject to 30% US withholding tax on dividends (unless reduced by treaty) and to US estate tax exposure on the position — Irish-domiciled UCITS ETFs tracking the same index often avoid both, which is why non-US residents frequently prefer the UCITS equivalent where one exists. This is general information, not tax advice — consult a tax professional for your situation.

FDIS Performance History

How FDIS Compares to Other Consumer Discretionary ETFs