FDIS vs. IEDI
Compare and contrast key facts about Fidelity MSCI Consumer Discretionary Index ETF (FDIS) and iShares Evolved U.S. Discretionary Spending ETF (IEDI).
FDIS and IEDI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. IEDI is an actively managed fund by iShares. It was launched on Mar 21, 2018.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FDIS or IEDI.
Correlation
The correlation between FDIS and IEDI is 0.83, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
FDIS vs. IEDI - Performance Comparison
Key characteristics
FDIS:
0.41
IEDI:
0.53
FDIS:
0.75
IEDI:
0.89
FDIS:
1.10
IEDI:
1.11
FDIS:
0.38
IEDI:
0.51
FDIS:
1.21
IEDI:
1.81
FDIS:
8.55%
IEDI:
5.24%
FDIS:
25.61%
IEDI:
17.95%
FDIS:
-39.16%
IEDI:
-30.60%
FDIS:
-18.42%
IEDI:
-11.10%
Returns By Period
In the year-to-date period, FDIS achieves a -12.90% return, which is significantly lower than IEDI's -4.49% return.
FDIS
-12.90%
-2.99%
-3.41%
8.72%
14.45%
11.85%
IEDI
-4.49%
-1.16%
-0.99%
9.04%
13.81%
N/A
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FDIS vs. IEDI - Expense Ratio Comparison
FDIS has a 0.08% expense ratio, which is lower than IEDI's 0.18% 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%.
Risk-Adjusted Performance
FDIS vs. IEDI — Risk-Adjusted Performance Rank
FDIS
IEDI
FDIS vs. IEDI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity MSCI Consumer Discretionary Index ETF (FDIS) and iShares Evolved U.S. Discretionary Spending ETF (IEDI). 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
FDIS vs. IEDI - Dividend Comparison
FDIS's dividend yield for the trailing twelve months is around 0.85%, less than IEDI's 0.98% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FDIS Fidelity MSCI Consumer Discretionary Index ETF | 0.85% | 0.69% | 0.78% | 1.00% | 0.58% | 0.59% | 1.14% | 1.29% | 1.00% | 1.62% | 1.25% | 1.01% |
IEDI iShares Evolved U.S. Discretionary Spending ETF | 0.98% | 0.90% | 1.13% | 3.04% | 0.70% | 0.83% | 1.58% | 1.57% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FDIS vs. IEDI - Drawdown Comparison
The maximum FDIS drawdown since its inception was -39.16%, which is greater than IEDI's maximum drawdown of -30.60%. Use the drawdown chart below to compare losses from any high point for FDIS and IEDI. For additional features, visit the drawdowns tool.
Volatility
FDIS vs. IEDI - Volatility Comparison
Fidelity MSCI Consumer Discretionary Index ETF (FDIS) has a higher volatility of 16.30% compared to iShares Evolved U.S. Discretionary Spending ETF (IEDI) at 11.81%. This indicates that FDIS's price experiences larger fluctuations and is considered to be riskier than IEDI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.