FDIS vs. VCR
FDIS (Fidelity MSCI Consumer Discretionary Index ETF) and VCR (Vanguard Consumer Discretionary ETF) are both Consumer Discretionary Equities funds - FDIS tracks the MSCI USA IMI Consumer Discretionary 25/50 Index while VCR tracks the MSCI US Investable Market Consumer Discretionary 25/50 Index. Both are passively managed. Over the past 10 years, FDIS returned 13.99%/yr vs 13.79%/yr for VCR. With a 0.99 correlation, they move nearly in lockstep. FDIS charges 0.08%/yr vs 0.10%/yr for VCR.
Performance
FDIS vs. VCR - Performance Comparison
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Returns By Period
In the year-to-date period, FDIS achieves a -1.40% return, which is significantly higher than VCR's -1.51% return. Both investments have delivered pretty close results over the past 10 years, with FDIS having a 13.99% annualized return and VCR not far behind at 13.79%.
FDIS
- 1D
- -1.74%
- 1M
- -1.89%
- YTD
- -1.40%
- 6M
- -3.81%
- 1Y
- 11.16%
- 3Y*
- 12.93%
- 5Y*
- 5.44%
- 10Y*
- 13.99%
VCR
- 1D
- -1.81%
- 1M
- -1.91%
- YTD
- -1.51%
- 6M
- -3.86%
- 1Y
- 10.99%
- 3Y*
- 12.87%
- 5Y*
- 5.42%
- 10Y*
- 13.79%
FDIS vs. VCR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FDIS Fidelity MSCI Consumer Discretionary Index ETF | -1.40% | 5.67% | 24.43% | 40.48% | -35.23% | 24.25% | 49.50% | 27.44% | -0.88% | 22.96% |
VCR Vanguard Consumer Discretionary ETF | -1.51% | 5.77% | 24.27% | 40.38% | -35.15% | 24.86% | 48.36% | 27.45% | -2.31% | 22.82% |
Correlation
The correlation between FDIS and VCR is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 1.00 |
Correlation (3Y) Calculated over the trailing 3-year period | 1.00 |
Correlation (5Y) Calculated over the trailing 5-year period | 1.00 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.99 |
Correlation (All Time) Calculated using the full available price history since Oct 24, 2013 | 0.99 |
The correlation between FDIS and VCR has been stable across timeframes, ranging from 0.99 to 1.00 - a consistent structural relationship.
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Return for Risk
FDIS vs. VCR — Risk / Return Rank
FDIS
VCR
FDIS vs. VCR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity MSCI Consumer Discretionary Index ETF (FDIS) and Vanguard Consumer Discretionary ETF (VCR). 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 | VCR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.01 | ||
| Sortino ratioReturn per unit of downside risk | +0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.11 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 0.72 | 0.71 | +0.02 |
| Martin ratioReturn relative to average drawdown | 2.21 | 2.16 | +0.05 |
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Drawdowns
FDIS vs. VCR - Drawdown Comparison
The maximum FDIS drawdown since its inception was -39.16%, smaller than the maximum VCR drawdown of -61.54%. Use the drawdown chart below to compare losses from any high point for FDIS and VCR.
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Drawdown Indicators
| FDIS | VCR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.16% | -61.54% | +22.38% |
Max Drawdown (1Y)Largest decline over 1 year | -15.50% | -15.59% | +0.09% |
Max Drawdown (3Y)Largest decline over 3 years | -27.43% | -27.36% | -0.07% |
Max Drawdown (5Y)Largest decline over 5 years | -39.16% | -39.20% | +0.04% |
Max Drawdown (10Y)Largest decline over 10 years | -39.16% | -39.20% | +0.04% |
Current DrawdownCurrent decline from peak | -5.93% | -5.99% | +0.06% |
Average DrawdownAverage peak-to-trough decline | -7.49% | -9.39% | +1.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.05% | 5.10% | -0.05% |
Volatility
FDIS vs. VCR - Volatility Comparison
Fidelity MSCI Consumer Discretionary Index ETF (FDIS) and Vanguard Consumer Discretionary ETF (VCR) have volatilities of 6.33% and 6.35%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FDIS | VCR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.33% | 6.35% | -0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 13.87% | 13.92% | -0.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.76% | 18.87% | -0.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.98% | 24.10% | -0.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.36% | 22.47% | -0.11% |
FDIS vs. VCR - Expense Ratio Comparison
FDIS has a 0.08% expense ratio, which is lower than VCR's 0.10% 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. VCR - Dividend Comparison
FDIS's dividend yield for the trailing twelve months is around 0.74%, which matches VCR's 0.74% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FDIS Fidelity MSCI Consumer Discretionary Index ETF | 0.74% | 0.75% | 0.69% | 0.78% | 1.00% | 0.58% | 0.59% | 1.14% | 1.29% | 1.00% | 1.62% | 1.25% |
VCR Vanguard Consumer Discretionary ETF | 0.74% | 0.74% | 0.74% | 0.84% | 0.98% | 0.79% | 1.71% | 1.17% | 1.37% | 1.21% | 1.60% | 1.32% |
Frequently Asked Questions
With a correlation of 1.00, FDIS and VCR 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.
VCR has higher volatility (6.35%) compared to FDIS (6.33%). In terms of maximum drawdown, FDIS dropped -39.16% vs VCR's -61.54%.
On 10-year performance, FDIS leads with 13.99% vs 13.79% for VCR. On fees, FDIS is cheaper at 0.08% per year. Their volatility is very similar. 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 13.99% return vs 13.79%. 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 0.10% for VCR.
FDIS and VCR have nearly identical dividend yields, around 0.74%.
FDIS tracks MSCI USA IMI Consumer Discretionary 25/50 Index, while VCR tracks MSCI US Investable Market Consumer Discretionary 25/50 Index. They also come from different issuers: Fidelity and Vanguard. Their fees differ too: 0.08% for FDIS and 0.10% for VCR.
FDIS currently has the higher Sharpe Ratio (0.60 vs 0.59), 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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