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 issued by Fidelity Investments with $1.70 billion in assets under management. Trading at a price of $99.35, the fund carries an expense ratio of 0.084% and offers a dividend yield of 0.72%. It currently holds an overall rank of #412 out of 458 tracked ETFs across all categories, receiving an ETFValuer grade of D with a score of 42.5 out of 100. Within its specific category of 8 ETFs tracked by ETFValuer, the fund's positioning reflects a mid-tier standing relative to its peers. The asset size of $1.70 billion suggests a moderate level of investor adoption compared to larger industry benchmarks. This combination of a low expense ratio and a D grade indicates a divergence between cost efficiency and overall performance metrics. The fund's price and AUM figures provide a snapshot of its current market presence within the broader ETF landscape.

Recent performance data shows a mixed trajectory across various time horizons, starting with a one-day return of +1.49% followed by a one-week decline of -1.59%. The one-month return stands at -1.54%, while the three-month period reflects a further decrease of -2.17%. Year-to-date performance is recorded at -1.80%, and the six-month return shows a decline of -4.84%. In contrast to these shorter-term negative figures, the one-year return is positive at +2.85%, and the three-year return demonstrates significant growth at +38.13%. This pattern indicates a divergence where short-term volatility has resulted in negative returns, while the longer-term three-year horizon has delivered substantial gains. The shift from negative year-to-date and six-month figures to positive one-year and three-year results suggests a recovery or acceleration in performance over the extended period.

The fund is assigned a Moderate volatility label and exhibits a beta of 1.20, indicating that its price movements tend to be more pronounced than the broader market. A Sharpe ratio of -0.11 suggests that the risk-adjusted returns have been negative over the measured period, implying that the returns have not adequately compensated for the volatility taken. The maximum drawdown of -27.43% highlights the potential for significant capital loss during market downturns. This combination of a beta above 1.0 and a negative Sharpe ratio points to a fund that amplifies market moves without generating sufficient excess return to offset the associated risk. The moderate volatility classification aligns with the beta figure, confirming that the fund experiences above-average price swings relative to its benchmark. Investors should note that the substantial maximum drawdown of -27.43% represents the peak-to-trough decline experienced during the analysis period.

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: 4.65% (as of 2026-07-27) — 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): 18.67 (as of 2026-07-27) — 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 — and average daily volume is 90K/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