FDIS vs. VONG
Compare and contrast key facts about Fidelity MSCI Consumer Discretionary Index ETF (FDIS) and Vanguard Russell 1000 Growth ETF (VONG).
FDIS and VONG 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. VONG is a passively managed fund by Vanguard that tracks the performance of the Russell 1000 Growth Index. It was launched on Sep 20, 2010. Both FDIS and VONG 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 VONG.
Key characteristics
| FDIS | VONG | |
|---|---|---|
| YTD Return | 21.83% | 32.07% |
| 1Y Return | 32.31% | 39.77% |
| 3Y Return (Ann) | 3.05% | 10.42% |
| 5Y Return (Ann) | 16.54% | 19.76% |
| 10Y Return (Ann) | 14.25% | 16.72% |
| Sharpe Ratio | 2.09 | 2.56 |
| Sortino Ratio | 2.83 | 3.28 |
| Omega Ratio | 1.36 | 1.47 |
| Calmar Ratio | 1.84 | 3.24 |
| Martin Ratio | 10.65 | 12.81 |
| Ulcer Index | 3.48% | 3.32% |
| Daily Std Dev | 17.73% | 16.64% |
| Max Drawdown | -39.16% | -32.72% |
| Current Drawdown | -0.63% | -0.07% |
Correlation
The correlation between FDIS and VONG is 0.86, 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. VONG - Performance Comparison
In the year-to-date period, FDIS achieves a 21.83% return, which is significantly lower than VONG's 32.07% return. Over the past 10 years, FDIS has underperformed VONG with an annualized return of 14.25%, while VONG has yielded a comparatively higher 16.72% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FDIS vs. VONG - Expense Ratio Comparison
Both FDIS and VONG have an expense ratio of 0.08%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Risk-Adjusted Performance
FDIS vs. VONG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity MSCI Consumer Discretionary Index ETF (FDIS) and Vanguard Russell 1000 Growth ETF (VONG). 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. VONG - Dividend Comparison
FDIS's dividend yield for the trailing twelve months is around 0.69%, more than VONG's 0.59% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FDIS Fidelity MSCI Consumer Discretionary Index ETF | 0.69% | 0.78% | 1.00% | 0.58% | 0.59% | 1.14% | 1.29% | 1.00% | 1.62% | 1.25% | 1.01% | 0.28% |
VONG Vanguard Russell 1000 Growth ETF | 0.59% | 0.71% | 0.98% | 0.58% | 0.77% | 1.03% | 1.18% | 1.19% | 1.48% | 1.47% | 1.43% | 1.28% |
Drawdowns
FDIS vs. VONG - Drawdown Comparison
The maximum FDIS drawdown since its inception was -39.16%, which is greater than VONG's maximum drawdown of -32.72%. Use the drawdown chart below to compare losses from any high point for FDIS and VONG. For additional features, visit the drawdowns tool.
Volatility
FDIS vs. VONG - Volatility Comparison
Fidelity MSCI Consumer Discretionary Index ETF (FDIS) has a higher volatility of 6.01% compared to Vanguard Russell 1000 Growth ETF (VONG) at 5.03%. This indicates that FDIS's price experiences larger fluctuations and is considered to be riskier than VONG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.