FDIS vs. IYT
Compare and contrast key facts about Fidelity MSCI Consumer Discretionary Index ETF (FDIS) and iShares Transportation Average ETF (IYT).
FDIS and IYT 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. IYT is a passively managed fund by iShares that tracks the performance of the Dow Jones Transportation Average Index. It was launched on Oct 10, 2003. Both FDIS and IYT 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: FDIS or IYT.
Performance
FDIS vs. IYT - Performance Comparison
Returns By Period
In the year-to-date period, FDIS achieves a 21.94% return, which is significantly higher than IYT's 13.10% return. Over the past 10 years, FDIS has outperformed IYT with an annualized return of 13.99%, while IYT has yielded a comparatively lower 7.19% annualized return.
FDIS
21.94%
12.12%
22.08%
31.52%
16.70%
13.99%
IYT
13.10%
5.17%
15.81%
22.70%
10.03%
7.19%
Key characteristics
| FDIS | IYT | |
|---|---|---|
| Sharpe Ratio | 1.80 | 1.23 |
| Sortino Ratio | 2.45 | 1.89 |
| Omega Ratio | 1.31 | 1.22 |
| Calmar Ratio | 1.68 | 0.23 |
| Martin Ratio | 9.02 | 4.35 |
| Ulcer Index | 3.49% | 5.22% |
| Daily Std Dev | 17.49% | 18.46% |
| Max Drawdown | -39.16% | -100.00% |
| Current Drawdown | -0.55% | -99.99% |
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FDIS vs. IYT - Expense Ratio Comparison
FDIS has a 0.08% expense ratio, which is lower than IYT's 0.42% expense ratio.
Correlation
The correlation between FDIS and IYT is 0.70, 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.
Risk-Adjusted Performance
FDIS vs. IYT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity MSCI Consumer Discretionary Index ETF (FDIS) and iShares Transportation Average ETF (IYT). 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. IYT - Dividend Comparison
FDIS's dividend yield for the trailing twelve months is around 0.68%, less than IYT's 1.06% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FDIS Fidelity MSCI Consumer Discretionary Index ETF | 0.68% | 0.78% | 1.00% | 0.58% | 0.59% | 1.14% | 1.29% | 1.00% | 1.62% | 1.25% | 1.01% | 0.28% |
IYT iShares Transportation Average ETF | 1.06% | 1.26% | 1.40% | 0.77% | 0.93% | 1.29% | 1.35% | 0.92% | 0.96% | 1.28% | 0.70% | 0.86% |
Drawdowns
FDIS vs. IYT - Drawdown Comparison
The maximum FDIS drawdown since its inception was -39.16%, smaller than the maximum IYT drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for FDIS and IYT. For additional features, visit the drawdowns tool.
Volatility
FDIS vs. IYT - Volatility Comparison
The current volatility for Fidelity MSCI Consumer Discretionary Index ETF (FDIS) is 5.52%, while iShares Transportation Average ETF (IYT) has a volatility of 6.63%. This indicates that FDIS experiences smaller price fluctuations and is considered to be less risky than IYT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.