FDIS vs. XLI

Last updated Jun 13, 2026

FDIS (Fidelity MSCI Consumer Discretionary Index ETF) and XLI (Industrial Select Sector SPDR Fund) are both exchange-traded funds - FDIS is a Consumer Discretionary Equities fund tracking the MSCI USA IMI Consumer Discretionary Index, while XLI is a Industrials Equities fund tracking the Industrial Select Sector Index. Both are passively managed. Over the past 10 years, FDIS returned 13.98%/yr vs 14.15%/yr for XLI. A 0.70 correlation means they provide meaningful diversification when combined. Both charge a 0.08% expense ratio.

Performance

FDIS vs. XLI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity MSCI Consumer Discretionary Index ETF (FDIS) and Industrial Select Sector SPDR Fund (XLI). 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 XLI's 13.90% return. Both investments have delivered pretty close results over the past 10 years, with FDIS having a 13.98% annualized return and XLI not far ahead at 14.15%.

FDIS

• 1D: 0.20%
• 1M: 0.19%
• YTD: 0.01%
• 6M: -1.14%
• 1Y: 11.18%
• 3Y*: 13.37%
• 5Y*: 6.04%
• 10Y*: 13.98%

XLI

• 1D: 0.59%
• 1M: 1.47%
• YTD: 13.90%
• 6M: 13.10%
• 1Y: 24.12%
• 3Y*: 20.87%
• 5Y*: 12.93%
• 10Y*: 14.15%

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

FDIS vs. XLI - 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%
XLI Industrial Select Sector SPDR Fund	13.90%	19.35%	17.31%	18.13%	-5.57%	21.08%	10.91%	29.08%	-13.25%	23.98%

Correlation

The correlation between FDIS and XLI is 0.62, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.62
Correlation (3Y) Calculated over the trailing 3-year period	0.67
Correlation (5Y) Calculated over the trailing 5-year period	0.70
Correlation (10Y) Calculated over the trailing 10-year period	0.68
Correlation (All Time) Calculated using the full available price history since Oct 24, 2013	0.70

The correlation between FDIS and XLI has been stable across timeframes, ranging from 0.62 to 0.70 - a consistent structural relationship.

FDIS vs. XLI - Sectors Allocation Comparison

Sectors	FDIS	XLI
Consumer Cyclical	96.9%	0.5%
Consumer Defensive	1.0%	-
Technology	0.9%	4.0%
Industrials	0.8%	90.7%
Communication Services	0.2%	-
Healthcare	0.1%	-
Financial Services	0.1%	-
Real Estate	0.1%	-
Basic Materials	-	-
Energy	-	-
Utilities	-	4.8%

Return for Risk

FDIS vs. XLI — 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

XLI

XLI Risk / Return Rank: 48
XLI Sharpe Ratio Rank: 49
XLI Sortino Ratio Rank: 50
XLI Omega Ratio Rank: 46
XLI Calmar Ratio Rank: 45
XLI Martin Ratio Rank: 52

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. XLI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity MSCI Consumer Discretionary Index ETF (FDIS) and Industrial Select Sector SPDR Fund (XLI). 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	XLI	Difference
Sharpe ratio: Return per unit of total volatility	0.61	1.50	-0.89
Sortino ratio: Return per unit of downside risk	0.97	2.17	-1.20
Omega ratio: Gain probability vs. loss probability	1.11	1.26	-0.15
Calmar ratio: Return relative to maximum drawdown	0.72	1.98	-1.26
Martin ratio: Return relative to average drawdown	2.24	7.82	-5.58

FDIS vs. XLI - Sharpe Ratio Comparison

The current FDIS Sharpe Ratio is 0.61, which is lower than the XLI Sharpe Ratio of 1.50. The chart below compares the historical Sharpe Ratios of FDIS and XLI, 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. XLI - Drawdown Comparison

The maximum FDIS drawdown since its inception was -39.16%, smaller than the maximum XLI drawdown of -62.26%. Use the drawdown chart below to compare losses from any high point for FDIS and XLI.

Drawdown Indicators

	FDIS	XLI	Difference
Max Drawdown Largest peak-to-trough decline	-39.16%	-62.26%	+23.10%
Max Drawdown (1Y) Largest decline over 1 year	-15.50%	-12.21%	-3.29%
Max Drawdown (3Y) Largest decline over 3 years	-27.43%	-18.49%	-8.94%
Max Drawdown (5Y) Largest decline over 5 years	-39.16%	-21.64%	-17.52%
Max Drawdown (10Y) Largest decline over 10 years	-39.16%	-42.33%	+3.17%
Current Drawdown Current decline from peak	-4.58%	-1.24%	-3.34%
Average Drawdown Average peak-to-trough decline	-7.49%	-9.20%	+1.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.01%	3.09%	+1.92%

Volatility

FDIS vs. XLI - Volatility Comparison

Fidelity MSCI Consumer Discretionary Index ETF (FDIS) and Industrial Select Sector SPDR Fund (XLI) have volatilities of 6.19% and 6.22%, 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.

Volatility by Period

	FDIS	XLI	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.19%	6.22%	-0.03%
Volatility (6M) Calculated over the trailing 6-month period	13.44%	13.59%	-0.15%
Volatility (1Y) Calculated over the trailing 1-year period	18.52%	16.17%	+2.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.92%	17.55%	+6.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.32%	20.04%	+2.28%

FDIS vs. XLI - Expense Ratio Comparison

Both FDIS and XLI 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. XLI - Dividend Comparison

FDIS's dividend yield for the trailing twelve months is around 0.73%, less than XLI's 1.16% 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%
XLI Industrial Select Sector SPDR Fund	1.16%	1.29%	1.44%	1.63%	1.63%	1.25%	1.55%	1.94%	2.15%	1.77%	2.07%	2.15%

Frequently Asked Questions

Can I hold both FDIS and XLI in my portfolio?

FDIS and XLI have a correlation of 0.62, 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 XLI?

XLI has higher volatility (6.22%) compared to FDIS (6.19%). In terms of maximum drawdown, FDIS dropped -39.16% vs XLI's -62.26%.

Which ETF is better, FDIS or XLI?

On 10-year performance, XLI leads with 14.15% vs 13.98% for FDIS. Both ETFs have the same 0.08% expense ratio. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FDIS or XLI?

Over the 10-year period, XLI has performed better with a 14.15% return vs 13.98%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FDIS or XLI?

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

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

XLI has the higher dividend yield at 1.16%, compared with 0.73% for FDIS.

What is the main difference between FDIS and XLI?

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

Which has better risk-adjusted returns?

XLI currently has the higher Sharpe Ratio (1.50 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.