Fidelity MSCI Consumer Discretionary Index ETF (FDIS) Sharpe Ratio: 0.45

FDIS's Sharpe Ratio of 0.45 indicates that for each unit of volatility, it generates 0.45 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Apr 2, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets.

FDIS Sharpe Ratio Rank

Below Average

FDIS ranks above 24.4% of all investments in our database based on Sharpe Ratio over the past 12 months, indicating below-average returns relative to volatility. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

Strong returns with low total volatility → Higher rank
High volatility (both upside and downside) → Lower rank
Consistent returns → Higher rank than volatile returns of same magnitude
Sharp drawdowns increase volatility → Lower rank

What you can do with this information

Returns may not adequately compensate for volatility taken
Consider smaller allocation given below-average risk-adjusted profile
Explore higher-ranked investments with better consistency
Assess whether the volatility profile aligns with your portfolio goals

FDIS Sharpe Ratio Market Positioning

The chart shows FDIS's Sharpe Ratio relative to all ETFs on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

Red zone (bottom 25%): 0.49 or lower
Yellow zone (middle 50%): 0.49 to 1.45
Green zone (top 25%): 1.45 or higher
Top 1%: 5.89+
Median: 0.98 — half of all investments score higher

How it compares to other similar ETFs

The table compares Fidelity MSCI Consumer Discretionary Index ETF's Sharpe Ratio with other ETFs in the Consumer Discretionary Equities category across multiple time periods, showing how FDIS's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Apr 2, 2026.

Symbol	Name	1Y Sharpe Ratio
CARZ	First Trust NASDAQ Global Auto Index Fund	1.87
PEJ	Invesco Dynamic Leisure & Entertainment ETF	0.86
RTH	VanEck Vectors Retail ETF	0.85
ONLN	ProShares Online Retail ETF	0.81
XRT	SPDR S&P Retail ETF	0.66
PEZ	Invesco DWA Consumer Cyclicals Momentum ETF	0.52
KLXY	Kraneshares Global Luxury Index ETF	0.50
IYC	iShares U.S. Consumer Discretionary ETF	0.49
FXD	First Trust Consumer Discretionary AlphaDEX Fund	0.47
XLY	Consumer Discretionary Select Sector SPDR Fund	0.46
FDIS	Fidelity MSCI Consumer Discretionary Index ETF	0.45

Benchmark Against

Benchmark

S&P 500 Index

Lookback Period

How to choose period

Historical Sharpe Ratio

The chart shows FDIS's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when FDIS consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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Explore FDIS risk-adjusted metrics in detail

Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.

FDIS Sortino Ratio