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CLIX vs. FDIS
Performance
Return for Risk
Drawdowns
Volatility
Dividends

Performance

CLIX vs. FDIS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Long Online/Short Stores ETF (CLIX) and Fidelity MSCI Consumer Discretionary Index ETF (FDIS). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, CLIX achieves a -9.21% return, which is significantly lower than FDIS's -1.40% return.


CLIX

1D
-2.78%
1M
-6.17%
YTD
-9.21%
6M
-9.14%
1Y
8.03%
3Y*
17.35%
5Y*
-7.74%
10Y*

FDIS

1D
-1.74%
1M
-1.89%
YTD
-1.40%
6M
-3.81%
1Y
11.16%
3Y*
12.93%
5Y*
5.44%
10Y*
13.99%
*Multi-year figures are annualized to reflect compound growth (CAGR)

CLIX vs. FDIS - Yearly Performance Comparison


2026 (YTD)202520242023202220212020201920182017
CLIX
ProShares Long Online/Short Stores ETF
-9.21%32.81%20.73%28.97%-46.73%-39.96%90.91%17.32%6.34%-2.43%
FDIS
Fidelity MSCI Consumer Discretionary Index ETF
-1.40%5.67%24.43%40.48%-35.23%24.25%49.50%27.44%-0.88%7.42%

Correlation

The correlation between CLIX and FDIS is 0.63, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.


Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.63

Correlation (3Y)
Calculated over the trailing 3-year period

0.65

Correlation (5Y)
Calculated over the trailing 5-year period

0.68

Correlation (All Time)
Calculated using the full available price history since Nov 16, 2017

0.62

The correlation between CLIX and FDIS has been stable across timeframes, ranging from 0.62 to 0.68 - a consistent structural relationship.

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Return for Risk

CLIX vs. FDIS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CLIX
CLIX Risk / Return Rank: 1313
Overall Rank
CLIX Sharpe Ratio Rank: 1414
Sharpe Ratio Rank
CLIX Sortino Ratio Rank: 1313
Sortino Ratio Rank
CLIX Omega Ratio Rank: 1313
Omega Ratio Rank
CLIX Calmar Ratio Rank: 1313
Calmar Ratio Rank
CLIX Martin Ratio Rank: 1313
Martin Ratio Rank

FDIS
FDIS Risk / Return Rank: 1818
Overall Rank
FDIS Sharpe Ratio Rank: 1818
Sharpe Ratio Rank
FDIS Sortino Ratio Rank: 1818
Sortino Ratio Rank
FDIS Omega Ratio Rank: 1717
Omega Ratio Rank
FDIS Calmar Ratio Rank: 1717
Calmar Ratio Rank
FDIS Martin Ratio Rank: 1919
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CLIX vs. FDIS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Long Online/Short Stores ETF (CLIX) and Fidelity MSCI Consumer Discretionary Index ETF (FDIS). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.


CLIXFDISDifference
Sharpe ratioReturn per unit of total volatility

-0.22

Sortino ratioReturn per unit of downside risk

-0.31

Omega ratioGain probability vs. loss probability

1.08

1.11

-0.03

Calmar ratioReturn relative to maximum drawdown

0.41

0.72

-0.31

Martin ratioReturn relative to average drawdown

1.06

2.21

-1.15

CLIX vs. FDIS - Sharpe Ratio Comparison

The current CLIX Sharpe Ratio is 0.38, which is lower than the FDIS Sharpe Ratio of 0.60. The chart below compares the historical Sharpe Ratios of CLIX and FDIS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.


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Drawdowns

CLIX vs. FDIS - Drawdown Comparison

The maximum CLIX drawdown since its inception was -73.21%, which is greater than FDIS's maximum drawdown of -39.16%. Use the drawdown chart below to compare losses from any high point for CLIX and FDIS.


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Drawdown Indicators


CLIXFDISDifference

Max Drawdown

Largest peak-to-trough decline

-73.21%

-39.16%

-34.05%

Max Drawdown (1Y)

Largest decline over 1 year

-19.57%

-15.50%

-4.07%

Max Drawdown (3Y)

Largest decline over 3 years

-21.18%

-27.43%

+6.25%

Max Drawdown (5Y)

Largest decline over 5 years

-68.22%

-39.16%

-29.06%

Max Drawdown (10Y)

Largest decline over 10 years

-39.16%

Current Drawdown

Current decline from peak

-46.37%

-5.93%

-40.44%

Average Drawdown

Average peak-to-trough decline

-34.75%

-7.49%

-27.26%

Ulcer Index

Depth and duration of drawdowns from previous peaks

7.57%

5.05%

+2.52%

Volatility

CLIX vs. FDIS - Volatility Comparison

ProShares Long Online/Short Stores ETF (CLIX) and Fidelity MSCI Consumer Discretionary Index ETF (FDIS) have volatilities of 6.59% and 6.33%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.


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Volatility by Period


CLIXFDISDifference

Volatility (1M)

Calculated over the trailing 1-month period

6.59%

6.33%

+0.26%

Volatility (6M)

Calculated over the trailing 6-month period

16.36%

13.87%

+2.49%

Volatility (1Y)

Calculated over the trailing 1-year period

21.50%

18.76%

+2.74%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

27.05%

23.98%

+3.07%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

25.92%

22.36%

+3.56%

CLIX vs. FDIS - Expense Ratio Comparison

CLIX has a 0.65% expense ratio, which is higher than FDIS's 0.08% expense ratio.


Dividends

CLIX vs. FDIS - Dividend Comparison

CLIX's dividend yield for the trailing twelve months is around 0.59%, less than FDIS's 0.74% yield.


PositionTTM20252024202320222021202020192018201720162015
CLIX
ProShares Long Online/Short Stores ETF
0.59%0.46%0.46%0.00%0.00%0.00%1.33%0.00%0.00%0.00%0.00%0.00%
FDIS
Fidelity MSCI Consumer Discretionary Index ETF
0.74%0.75%0.69%0.78%1.00%0.58%0.59%1.14%1.29%1.00%1.62%1.25%

Frequently Asked Questions


CLIX and FDIS have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

CLIX has higher volatility (6.59%) compared to FDIS (6.33%). In terms of maximum drawdown, CLIX dropped -73.21% vs FDIS's -39.16%.

On 5-year performance, FDIS leads with 5.44% vs -7.74% for CLIX. On fees, FDIS is cheaper at 0.08% per year. On volatility, FDIS has been the lower-risk option at 6.33%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, FDIS has performed better with a 5.44% return vs -7.74%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

FDIS is cheaper with a 0.08% expense ratio, compared with 0.65% for CLIX.

FDIS has the higher dividend yield at 0.74%, compared with 0.59% for CLIX.

CLIX is categorized as Long-Short, while FDIS is Consumer Discretionary Equities. CLIX tracks ProShares Long Online/Short Stores Index, while FDIS tracks MSCI USA IMI Consumer Discretionary 25/50 Index. They also come from different issuers: ProShares and Fidelity. Their fees differ too: 0.65% for CLIX and 0.08% for FDIS.

FDIS currently has the higher Sharpe Ratio (0.60 vs 0.38), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.

Portfolio Optimizer

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