FDIS vs. FBND
FDIS (Fidelity MSCI Consumer Discretionary Index ETF) and FBND (Fidelity Total Bond ETF) are both exchange-traded funds - FDIS is a Consumer Discretionary Equities fund tracking the MSCI USA IMI Consumer Discretionary 25/50 Index, while FBND is a Intermediate Core-Plus Bond fund actively managed by Fidelity. FDIS is passively managed, while FBND is actively managed. Over the past 10 years, FDIS returned 13.88%/yr vs 2.54%/yr for FBND. At a 0.14 correlation, their price movements are largely independent. FDIS charges 0.08%/yr vs 0.36%/yr for FBND.
Performance
FDIS vs. FBND - Performance Comparison
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Returns By Period
In the year-to-date period, FDIS achieves a -2.36% return, which is significantly lower than FBND's 0.72% return. Over the past 10 years, FDIS has outperformed FBND with an annualized return of 13.88%, while FBND has yielded a comparatively lower 2.54% annualized return.
FDIS
- 1D
- -0.98%
- 1M
- -2.85%
- YTD
- -2.36%
- 6M
- -4.54%
- 1Y
- 8.08%
- 3Y*
- 12.56%
- 5Y*
- 5.16%
- 10Y*
- 13.88%
FBND
- 1D
- 0.11%
- 1M
- 0.69%
- YTD
- 0.72%
- 6M
- 0.80%
- 1Y
- 4.71%
- 3Y*
- 4.73%
- 5Y*
- 0.79%
- 10Y*
- 2.54%
FDIS vs. FBND - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FDIS Fidelity MSCI Consumer Discretionary Index ETF | -2.36% | 5.67% | 24.43% | 40.48% | -35.23% | 24.25% | 49.50% | 27.44% | -0.88% | 22.96% |
FBND Fidelity Total Bond ETF | 0.72% | 7.57% | 2.13% | 6.81% | -12.54% | -0.43% | 9.41% | 9.82% | -0.57% | 3.52% |
Correlation
The correlation between FDIS and FBND is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.28 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.26 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Oct 9, 2014 | 0.14 |
Over the past year, FDIS and FBND have become more correlated (0.36) than their long-term average of 0.14, meaning their price movements have been converging.
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Return for Risk
FDIS vs. FBND — Risk / Return Rank
FDIS
FBND
FDIS vs. FBND - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity MSCI Consumer Discretionary Index ETF (FDIS) and Fidelity Total Bond ETF (FBND). 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 | FBND | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.80 | ||
| Sortino ratioReturn per unit of downside risk | -1.11 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.21 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 0.52 | 1.77 | -1.25 |
| Martin ratioReturn relative to average drawdown | 1.60 | 5.07 | -3.48 |
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Drawdowns
FDIS vs. FBND - Drawdown Comparison
The maximum FDIS drawdown since its inception was -39.16%, which is greater than FBND's maximum drawdown of -17.25%. Use the drawdown chart below to compare losses from any high point for FDIS and FBND.
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Drawdown Indicators
| FDIS | FBND | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.16% | -17.25% | -21.91% |
Max Drawdown (1Y)Largest decline over 1 year | -15.50% | -2.66% | -12.84% |
Max Drawdown (3Y)Largest decline over 3 years | -27.43% | -5.94% | -21.49% |
Max Drawdown (5Y)Largest decline over 5 years | -39.16% | -17.25% | -21.91% |
Max Drawdown (10Y)Largest decline over 10 years | -39.16% | -17.25% | -21.91% |
Current DrawdownCurrent decline from peak | -6.85% | -1.21% | -5.64% |
Average DrawdownAverage peak-to-trough decline | -7.49% | -3.34% | -4.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.07% | 0.93% | +4.14% |
Volatility
FDIS vs. FBND - Volatility Comparison
Fidelity MSCI Consumer Discretionary Index ETF (FDIS) has a higher volatility of 6.34% compared to Fidelity Total Bond ETF (FBND) at 1.13%. This indicates that FDIS's price experiences larger fluctuations and is considered to be riskier than FBND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FDIS | FBND | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.34% | 1.13% | +5.21% |
Volatility (6M)Calculated over the trailing 6-month period | 13.82% | 2.84% | +10.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.75% | 3.83% | +14.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.99% | 5.93% | +18.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.33% | 6.10% | +16.23% |
FDIS vs. FBND - Expense Ratio Comparison
FDIS has a 0.08% expense ratio, which is lower than FBND's 0.36% expense ratio.
Dividends
FDIS vs. FBND - Dividend Comparison
FDIS's dividend yield for the trailing twelve months is around 0.75%, less than FBND's 4.69% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FBND Fidelity Total Bond ETF | 4.69% | 4.70% | 4.73% | 4.26% | 3.07% | 1.86% | 4.25% | 2.90% | 2.93% | 2.56% | 2.84% | 3.26% |
FDIS Fidelity MSCI Consumer Discretionary Index ETF | 0.75% | 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 FBND have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FDIS has higher volatility (6.34%) compared to FBND (1.13%). In terms of maximum drawdown, FDIS dropped -39.16% vs FBND's -17.25%.
On 10-year performance, FDIS leads with 13.88% vs 2.54% for FBND. On fees, FDIS is cheaper at 0.08% per year. On volatility, FBND has been the lower-risk option at 1.13%. 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 13.88% return vs 2.54%. 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 0.36% for FBND.
FBND has the higher dividend yield at 4.69%, compared with 0.75% for FDIS.
FDIS is categorized as Consumer Discretionary Equities, while FBND is Intermediate Core-Plus Bond. Their fees differ too: 0.08% for FDIS and 0.36% for FBND.
FBND currently has the higher Sharpe Ratio (1.24 vs 0.43), 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.
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