FDIS vs. DGS
FDIS (Fidelity MSCI Consumer Discretionary Index ETF) and DGS (WisdomTree Emerging Markets SmallCap Dividend Fund) are both exchange-traded funds - FDIS is a Consumer Discretionary Equities fund tracking the MSCI USA IMI Consumer Discretionary Index, while DGS is a Emerging Markets Diversified fund tracking the WisdomTree Emerging Markets SmallCap Dividend Index. Both are passively managed. Over the past 10 years, FDIS returned 13.98%/yr vs 10.14%/yr for DGS. A 0.59 correlation means they provide meaningful diversification when combined. FDIS charges 0.08%/yr vs 0.58%/yr for DGS.
Performance
FDIS vs. DGS - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, FDIS achieves a 0.01% return, which is significantly lower than DGS's 14.94% return. Over the past 10 years, FDIS has outperformed DGS with an annualized return of 13.98%, while DGS has yielded a comparatively lower 10.14% annualized return.
FDIS
- 1D
- 0.20%
- 1M
- 0.16%
- YTD
- 0.01%
- 6M
- -1.14%
- 1Y
- 12.39%
- 3Y*
- 13.37%
- 5Y*
- 6.04%
- 10Y*
- 13.98%
DGS
- 1D
- 0.65%
- 1M
- 1.51%
- YTD
- 14.94%
- 6M
- 17.07%
- 1Y
- 25.61%
- 3Y*
- 15.36%
- 5Y*
- 8.06%
- 10Y*
- 10.14%
FDIS vs. DGS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FDIS Fidelity MSCI Consumer Discretionary Index ETF | 0.01% | 5.67% | 24.43% | 40.48% | -35.23% | 24.25% | 49.50% | 27.44% | -0.88% | 22.96% |
DGS WisdomTree Emerging Markets SmallCap Dividend Fund | 14.94% | 21.18% | 1.13% | 19.08% | -12.35% | 15.33% | 4.06% | 18.90% | -16.52% | 37.47% |
Correlation
The correlation between FDIS and DGS is 0.60, 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 | 0.60 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.56 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.57 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.59 |
Correlation (All Time) Calculated using the full available price history since Oct 24, 2013 | 0.59 |
The correlation between FDIS and DGS has been stable across timeframes, ranging from 0.56 to 0.60 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
FDIS vs. DGS — Risk / Return Rank
FDIS
DGS
FDIS vs. DGS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity MSCI Consumer Discretionary Index ETF (FDIS) and WisdomTree Emerging Markets SmallCap Dividend Fund (DGS). 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.
| FDIS | DGS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.83 | ||
| Sortino ratioReturn per unit of downside risk | -1.05 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.27 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 0.72 | 2.38 | -1.65 |
| Martin ratioReturn relative to average drawdown | 2.24 | 7.84 | -5.60 |
Loading charts...
Drawdowns
FDIS vs. DGS - Drawdown Comparison
The maximum FDIS drawdown since its inception was -39.16%, smaller than the maximum DGS drawdown of -61.83%. Use the drawdown chart below to compare losses from any high point for FDIS and DGS.
Loading charts...
Drawdown Indicators
| FDIS | DGS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.16% | -61.83% | +22.67% |
Max Drawdown (1Y)Largest decline over 1 year | -15.50% | -10.06% | -5.44% |
Max Drawdown (3Y)Largest decline over 3 years | -27.43% | -19.31% | -8.12% |
Max Drawdown (5Y)Largest decline over 5 years | -39.16% | -24.86% | -14.30% |
Max Drawdown (10Y)Largest decline over 10 years | -39.16% | -44.08% | +4.92% |
Current DrawdownCurrent decline from peak | -4.58% | -1.05% | -3.53% |
Average DrawdownAverage peak-to-trough decline | -7.49% | -12.57% | +5.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.01% | 3.05% | +1.96% |
Volatility
FDIS vs. DGS - Volatility Comparison
The current volatility for Fidelity MSCI Consumer Discretionary Index ETF (FDIS) is 6.19%, while WisdomTree Emerging Markets SmallCap Dividend Fund (DGS) has a volatility of 7.30%. This indicates that FDIS experiences smaller price fluctuations and is considered to be less risky than DGS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| FDIS | DGS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.19% | 7.30% | -1.11% |
Volatility (6M)Calculated over the trailing 6-month period | 13.44% | 14.27% | -0.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.52% | 16.60% | +1.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.92% | 15.08% | +8.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.32% | 17.39% | +4.93% |
FDIS vs. DGS - Expense Ratio Comparison
FDIS has a 0.08% expense ratio, which is lower than DGS's 0.58% expense ratio.
Dividends
FDIS vs. DGS - Dividend Comparison
FDIS's dividend yield for the trailing twelve months is around 0.73%, less than DGS's 3.20% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DGS WisdomTree Emerging Markets SmallCap Dividend Fund | 3.20% | 3.45% | 3.36% | 4.55% | 5.34% | 3.98% | 3.69% | 3.95% | 4.24% | 2.81% | 3.42% | 3.28% |
FDIS Fidelity MSCI Consumer Discretionary Index ETF | 0.73% | 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
FDIS and DGS have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DGS has higher volatility (7.30%) compared to FDIS (6.19%). In terms of maximum drawdown, FDIS dropped -39.16% vs DGS's -61.83%.
On 10-year performance, FDIS leads with 13.98% vs 10.14% for DGS. On fees, FDIS is cheaper at 0.08% per year. On volatility, FDIS has been the lower-risk option at 6.19%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, FDIS has performed better with a 13.98% return vs 10.14%. 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 0.58% for DGS.
DGS has the higher dividend yield at 3.20%, compared with 0.73% for FDIS.
FDIS is categorized as Consumer Discretionary Equities, while DGS is Emerging Markets Diversified. FDIS tracks MSCI USA IMI Consumer Discretionary Index, while DGS tracks WisdomTree Emerging Markets SmallCap Dividend Index. They also come from different issuers: Fidelity and WisdomTree. Their fees differ too: 0.08% for FDIS and 0.58% for DGS.
DGS currently has the higher Sharpe Ratio (1.44 vs 0.61), 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.
Find the right allocation for FDIS and DGS
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer