FDIS vs. GXPD

Last updated Aug 2, 2026

FDIS (Fidelity MSCI Consumer Discretionary Index ETF) and GXPD (Global X PureCap MSCI Consumer Discretionary ETF) are both Consumer Discretionary Equities funds - FDIS tracks the MSCI USA IMI Consumer Discretionary 25/50 Index while GXPD tracks the MSCI USA Consumer Discretionary PureCap Index. Both are passively managed. Over the past year, FDIS returned 9.49% vs 10.32% for GXPD. Their 0.96 correlation means they have historically moved very closely together. FDIS charges 0.08%/yr vs 0.15%/yr for GXPD.

Performance

FDIS vs. GXPD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity MSCI Consumer Discretionary Index ETF (FDIS) and Global X PureCap MSCI Consumer Discretionary ETF (GXPD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

As of year-to-date, both investments have demonstrated similar returns, with FDIS at -0.23% and GXPD at -0.23%.

FDIS

• 1D: 2.63%
• 1M: -1.18%
• 6M: -1.58%
• YTD: -0.23%
• 1Y: 9.49%
• 3Y*: 11.49%
• 5Y*: 5.36%
• 10Y*: 13.50%
• ALL TIME*: 12.48%

GXPD

• 1D: 5.81%
• 1M: 0.88%
• 6M: -1.81%
• YTD: -0.23%
• 1Y: 10.32%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 5.01%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FDIS Fidelity MSCI Consumer Discretionary Index ETF	$8.73M	$7.77M	$9.21M
GXPD Global X PureCap MSCI Consumer Discretionary ETF	$4.13M	$2.16M	$1.71M

FDIS vs. GXPD - Yearly Performance Comparison

	2026 (YTD)	2025
FDIS Fidelity MSCI Consumer Discretionary Index ETF	-0.23%	4.98%
GXPD Global X PureCap MSCI Consumer Discretionary ETF	-0.23%	5.36%

Correlation

The correlation between FDIS and GXPD is 0.96 - they have historically moved very closely together. At this level, their price movements offset little of one another.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.96
Correlation (All Time) Calculated using the full available price history since Jul 23, 2025	0.96

The correlation between FDIS and GXPD has been stable across timeframes, ranging from 0.96 to 0.96 - a consistent structural relationship.

Return for Risk

FDIS vs. GXPD — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FDIS

FDIS Risk / Return Rank: 19
FDIS Sharpe Ratio Rank: 19
FDIS Sortino Ratio Rank: 18
FDIS Omega Ratio Rank: 18
FDIS Calmar Ratio Rank: 18
FDIS Martin Ratio Rank: 20

GXPD

GXPD Risk / Return Rank: 18
GXPD Sharpe Ratio Rank: 18
GXPD Sortino Ratio Rank: 18
GXPD Omega Ratio Rank: 18
GXPD Calmar Ratio Rank: 18
GXPD Martin Ratio Rank: 18

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FDIS vs. GXPD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity MSCI Consumer Discretionary Index ETF (FDIS) and Global X PureCap MSCI Consumer Discretionary ETF (GXPD). 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	GXPD	Difference
Sharpe ratio: Return per unit of total volatility	0.34	0.30	+0.04
Sortino ratio: Return per unit of downside risk	0.61	0.58	+0.03
Omega ratio: Gain probability vs. loss probability	1.07	1.07	0.00
Calmar ratio: Return relative to maximum drawdown	0.43	0.40	+0.03
Martin ratio: Return relative to average drawdown	1.24	1.07	+0.16

FDIS vs. GXPD - Sharpe Ratio Comparison

The current FDIS Sharpe Ratio is 0.34, which is comparable to the GXPD Sharpe Ratio of 0.30. The chart below compares the historical Sharpe Ratios of FDIS and GXPD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FDIS vs. GXPD - Drawdown Comparison

The maximum FDIS drawdown since its inception was -39.16%, which is greater than GXPD's maximum drawdown of -16.61%. Use the drawdown chart below to compare losses from any high point for FDIS and GXPD.

Drawdown Indicators

	FDIS	GXPD	Difference
Max Drawdown Largest peak-to-trough decline	-39.16%	-16.61%	-22.55%
Max Drawdown (1Y) Largest decline over 1 year	-15.50%	-16.61%	+1.11%
Max Drawdown (3Y) Largest decline over 3 years	-27.43%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-39.16%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-39.16%	—	—
Current Drawdown Current decline from peak	-4.81%	-4.86%	+0.05%
Average Drawdown Average peak-to-trough decline	-7.47%	-4.71%	-2.76%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.36%	6.15%	-0.79%

Volatility

FDIS vs. GXPD - Volatility Comparison

The current volatility for Fidelity MSCI Consumer Discretionary Index ETF (FDIS) is 6.64%, while Global X PureCap MSCI Consumer Discretionary ETF (GXPD) has a volatility of 9.09%. This indicates that FDIS experiences smaller price fluctuations and is considered to be less risky than GXPD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FDIS	GXPD	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.64%	9.09%	-2.45%
Volatility (6M) Calculated over the trailing 6-month period	14.66%	16.76%	-2.10%
Volatility (1Y) Calculated over the trailing 1-year period	19.43%	21.74%	-2.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.09%	21.56%	+2.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.39%	21.56%	+0.83%

FDIS vs. GXPD - Expense Ratio Comparison

FDIS has a 0.08% expense ratio, which is lower than GXPD's 0.15% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

FDIS vs. GXPD - Dividend Comparison

FDIS's dividend yield for the trailing twelve months is around 0.73%, more than GXPD's 0.34% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
GXPD Global X PureCap MSCI Consumer Discretionary ETF	0.34%	0.19%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FDIS and GXPD in my portfolio?

With a correlation of 0.96, FDIS and GXPD move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, FDIS or GXPD?

GXPD has higher volatility (9.09%) compared to FDIS (6.64%). In terms of maximum drawdown, FDIS dropped -39.16% vs GXPD's -16.61%.

Which ETF is better, FDIS or GXPD?

On 1-year performance, GXPD leads with 10.32% vs 9.49% for FDIS. On fees, FDIS is cheaper at 0.08% per year. On volatility, FDIS has been the lower-risk option at 6.64%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FDIS or GXPD?

Over the 1-year period, GXPD has performed better with a 10.32% return vs 9.49%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FDIS or GXPD?

FDIS is cheaper with a 0.08% expense ratio, compared with 0.15% for GXPD.

Which ETF pays a higher dividend yield, FDIS or GXPD?

FDIS has the higher dividend yield at 0.73%, compared with 0.34% for GXPD.

What is the main difference between FDIS and GXPD?

FDIS tracks MSCI USA IMI Consumer Discretionary 25/50 Index, while GXPD tracks MSCI USA Consumer Discretionary PureCap Index. They also come from different issuers: Fidelity and Global X. Their fees differ too: 0.08% for FDIS and 0.15% for GXPD.

Which has better risk-adjusted returns?

FDIS currently has the higher Sharpe Ratio (0.34 vs 0.30), 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.