CLIX vs. FDIS
Compare and contrast key facts about ProShares Long Online/Short Stores ETF (CLIX) and Fidelity MSCI Consumer Discretionary Index ETF (FDIS).
CLIX and FDIS are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CLIX is a passively managed fund by ProShares that tracks the performance of the ProShares Long Online/Short Stores Index. It was launched on Nov 14, 2017. FDIS is a passively managed fund by Fidelity that tracks the performance of the MSCI USA IMI Consumer Discretionary Index. It was launched on Oct 21, 2013. Both CLIX and FDIS are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CLIX or FDIS.
Key characteristics
| CLIX | FDIS | |
|---|---|---|
| YTD Return | 14.42% | 0.15% |
| 1Y Return | 44.22% | 24.50% |
| 3Y Return (Ann) | -19.22% | -0.04% |
| 5Y Return (Ann) | -3.91% | 12.17% |
| Sharpe Ratio | 2.12 | 1.35 |
| Daily Std Dev | 21.34% | 17.58% |
| Max Drawdown | -73.21% | -39.16% |
| Current Drawdown | -57.84% | -12.51% |
Correlation
The correlation between CLIX and FDIS is 0.63, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
CLIX vs. FDIS - Performance Comparison
In the year-to-date period, CLIX achieves a 14.42% return, which is significantly higher than FDIS's 0.15% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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CLIX vs. FDIS - Expense Ratio Comparison
CLIX has a 0.65% expense ratio, which is higher than FDIS's 0.08% expense ratio.
Risk-Adjusted Performance
CLIX vs. FDIS - Risk-Adjusted Performance 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.
Dividends
CLIX vs. FDIS - Dividend Comparison
CLIX's dividend yield for the trailing twelve months is around 0.35%, less than FDIS's 0.77% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CLIX ProShares Long Online/Short Stores ETF | 0.35% | 0.00% | 0.00% | 0.00% | 1.33% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FDIS Fidelity MSCI Consumer Discretionary Index ETF | 0.77% | 0.78% | 1.00% | 0.58% | 0.59% | 1.14% | 1.29% | 1.00% | 1.62% | 1.25% | 1.01% | 0.28% |
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. For additional features, visit the drawdowns tool.
Volatility
CLIX vs. FDIS - Volatility Comparison
ProShares Long Online/Short Stores ETF (CLIX) has a higher volatility of 5.96% compared to Fidelity MSCI Consumer Discretionary Index ETF (FDIS) at 5.44%. This indicates that CLIX's price experiences larger fluctuations and is considered to be riskier than FDIS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.