FDIS vs. XLE

Last updated Jun 13, 2026

FDIS (Fidelity MSCI Consumer Discretionary Index ETF) and XLE (State Street Energy Select Sector SPDR ETF) are both exchange-traded funds - FDIS is a Consumer Discretionary Equities fund tracking the MSCI USA IMI Consumer Discretionary Index, while XLE is a Energy Equities fund tracking the Energy Select Sector Index. Both are passively managed. Over the past 10 years, FDIS returned 13.98%/yr vs 9.91%/yr for XLE. At a 0.37 correlation, their price movements are largely independent. Both charge a 0.08% expense ratio.

Performance

FDIS vs. XLE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity MSCI Consumer Discretionary Index ETF (FDIS) and State Street Energy Select Sector SPDR ETF (XLE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FDIS achieves a 0.01% return, which is significantly lower than XLE's 29.56% return. Over the past 10 years, FDIS has outperformed XLE with an annualized return of 13.98%, while XLE has yielded a comparatively lower 9.91% annualized return.

FDIS

• 1D: 0.20%
• 1M: 0.16%
• YTD: 0.01%
• 6M: -1.14%
• 1Y: 12.39%
• 3Y*: 13.37%
• 5Y*: 6.04%
• 10Y*: 13.98%

XLE

• 1D: 0.75%
• 1M: -0.90%
• YTD: 29.56%
• 6M: 28.37%
• 1Y: 34.84%
• 3Y*: 16.18%
• 5Y*: 20.12%
• 10Y*: 9.91%

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

FDIS vs. XLE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FDIS Fidelity MSCI Consumer Discretionary Index ETF	0.01%	5.67%	24.43%	40.48%	-35.23%	24.25%	49.50%	27.44%	-0.88%	22.96%
XLE State Street Energy Select Sector SPDR ETF	29.56%	7.88%	5.56%	-0.63%	64.32%	53.28%	-32.67%	11.74%	-18.22%	-0.89%

Correlation

The correlation between FDIS and XLE is -0.12, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.12
Correlation (3Y) Calculated over the trailing 3-year period	0.12
Correlation (5Y) Calculated over the trailing 5-year period	0.22
Correlation (10Y) Calculated over the trailing 10-year period	0.33
Correlation (All Time) Calculated using the full available price history since Oct 24, 2013	0.37

The correlation between FDIS and XLE shifts across timeframes, from -0.12 (1 year) to 0.37 (all time), reflecting how their relationship changes across market environments.

FDIS vs. XLE - Sectors Allocation Comparison

Sectors	FDIS	XLE
Consumer Cyclical	96.9%	-
Consumer Defensive	1.0%	-
Technology	0.9%	-
Industrials	0.8%	-
Communication Services	0.2%	-
Healthcare	0.1%	-
Financial Services	0.1%	-
Real Estate	0.1%	-
Basic Materials	-	-
Energy	-	100.0%
Utilities	-	-

Return for Risk

FDIS vs. XLE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FDIS

FDIS Risk / Return Rank: 20
FDIS Sharpe Ratio Rank: 21
FDIS Sortino Ratio Rank: 20
FDIS Omega Ratio Rank: 19
FDIS Calmar Ratio Rank: 19
FDIS Martin Ratio Rank: 21

XLE

XLE Risk / Return Rank: 61
XLE Sharpe Ratio Rank: 64
XLE Sortino Ratio Rank: 58
XLE Omega Ratio Rank: 54
XLE Calmar Ratio Rank: 71
XLE Martin Ratio Rank: 56

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FDIS vs. XLE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity MSCI Consumer Discretionary Index ETF (FDIS) and State Street Energy Select Sector SPDR ETF (XLE). 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	XLE	Difference
Sharpe ratio: Return per unit of total volatility	0.61	1.82	-1.21
Sortino ratio: Return per unit of downside risk	0.97	2.40	-1.43
Omega ratio: Gain probability vs. loss probability	1.11	1.30	-0.18
Calmar ratio: Return relative to maximum drawdown	0.72	3.10	-2.38
Martin ratio: Return relative to average drawdown	2.24	8.63	-6.40

FDIS vs. XLE - Sharpe Ratio Comparison

The current FDIS Sharpe Ratio is 0.61, which is lower than the XLE Sharpe Ratio of 1.82. The chart below compares the historical Sharpe Ratios of FDIS and XLE, 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. XLE - Drawdown Comparison

The maximum FDIS drawdown since its inception was -39.16%, smaller than the maximum XLE drawdown of -71.26%. Use the drawdown chart below to compare losses from any high point for FDIS and XLE.

Drawdown Indicators

	FDIS	XLE	Difference
Max Drawdown Largest peak-to-trough decline	-39.16%	-71.26%	+32.10%
Max Drawdown (1Y) Largest decline over 1 year	-15.50%	-12.05%	-3.45%
Max Drawdown (3Y) Largest decline over 3 years	-27.43%	-20.14%	-7.29%
Max Drawdown (5Y) Largest decline over 5 years	-39.16%	-26.04%	-13.12%
Max Drawdown (10Y) Largest decline over 10 years	-39.16%	-66.81%	+27.65%
Current Drawdown Current decline from peak	-4.58%	-8.01%	+3.43%
Average Drawdown Average peak-to-trough decline	-7.49%	-17.97%	+10.48%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.01%	4.32%	+0.69%

Volatility

FDIS vs. XLE - Volatility Comparison

The current volatility for Fidelity MSCI Consumer Discretionary Index ETF (FDIS) is 6.19%, while State Street Energy Select Sector SPDR ETF (XLE) has a volatility of 7.26%. This indicates that FDIS experiences smaller price fluctuations and is considered to be less risky than XLE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FDIS	XLE	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.19%	7.26%	-1.07%
Volatility (6M) Calculated over the trailing 6-month period	13.44%	16.79%	-3.35%
Volatility (1Y) Calculated over the trailing 1-year period	18.52%	20.57%	-2.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.92%	26.05%	-2.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.32%	29.58%	-7.26%

FDIS vs. XLE - Expense Ratio Comparison

Both FDIS and XLE 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%.

Dividends

FDIS vs. XLE - Dividend Comparison

FDIS's dividend yield for the trailing twelve months is around 0.73%, less than XLE's 2.59% 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%
XLE State Street Energy Select Sector SPDR ETF	2.59%	3.28%	3.36%	3.55%	3.68%	4.21%	5.62%	6.72%	3.54%	3.03%	2.26%	3.39%

Frequently Asked Questions

Can I hold both FDIS and XLE in my portfolio?

FDIS and XLE have a correlation of -0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FDIS or XLE?

XLE has higher volatility (7.26%) compared to FDIS (6.19%). In terms of maximum drawdown, FDIS dropped -39.16% vs XLE's -71.26%.

Which ETF is better, FDIS or XLE?

On 10-year performance, FDIS leads with 13.98% vs 9.91% for XLE. Both ETFs have the same 0.08% expense ratio. On volatility, FDIS has been the lower-risk option at 6.19%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FDIS or XLE?

Over the 10-year period, FDIS has performed better with a 13.98% return vs 9.91%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FDIS or XLE?

FDIS and XLE have the same expense ratio: 0.08% per year.

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

XLE has the higher dividend yield at 2.59%, compared with 0.73% for FDIS.

What is the main difference between FDIS and XLE?

FDIS is categorized as Consumer Discretionary Equities, while XLE is Energy Equities. FDIS tracks MSCI USA IMI Consumer Discretionary Index, while XLE tracks Energy Select Sector Index. They also come from different issuers: Fidelity and State Street.

Which has better risk-adjusted returns?

XLE currently has the higher Sharpe Ratio (1.82 vs 0.61), 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.