FDIS vs. XLYI

Last updated Aug 2, 2026

FDIS (Fidelity MSCI Consumer Discretionary Index ETF) and XLYI (State Street Consumer Discretionary Select Sector SPDR Premium Income ETF) are both exchange-traded funds - FDIS is a Consumer Discretionary Equities fund tracking the MSCI USA IMI Consumer Discretionary 25/50 Index, while XLYI is a Derivative Income fund actively managed by State Street. FDIS is passively managed, while XLYI is actively managed. Over the past year, FDIS returned 9.49% vs 8.70% for XLYI. Their 0.97 correlation means they have historically moved very closely together. FDIS charges 0.08%/yr vs 0.35%/yr for XLYI.

Performance

FDIS vs. XLYI - 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 Consumer Discretionary Select Sector SPDR Premium Income ETF (XLYI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FDIS achieves a -0.23% return, which is significantly higher than XLYI's -0.31% return.

FDIS

• 1D: 2.63%
• 1M: -1.18%
• 6M: -1.58%
• YTD: -0.23%
• 1Y: 9.49%
• 3Y*: 11.49%
• 5Y*: 5.36%
• 10Y*: 13.50%
• ALL TIME*: 12.48%

XLYI

• 1D: 2.83%
• 1M: -0.39%
• 6M: -2.34%
• YTD: -0.31%
• 1Y: 8.70%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 5.29%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FDIS Fidelity MSCI Consumer Discretionary Index ETF	$8.73M	$7.77M	$9.21M
XLYI State Street Consumer Discretionary Select Sector SPDR Premium Income ETF	$81.44K	$62.05K	$59.61K

FDIS vs. XLYI - Yearly Performance Comparison

	2026 (YTD)	2025
FDIS Fidelity MSCI Consumer Discretionary Index ETF	-0.23%	5.60%
XLYI State Street Consumer Discretionary Select Sector SPDR Premium Income ETF	-0.31%	5.63%

Correlation

The correlation between FDIS and XLYI is 0.97 - they have historically moved very closely together. At this level, their price movements offset little of one another.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.97
Correlation (All Time) Calculated using the full available price history since Jul 30, 2025	0.97

The correlation between FDIS and XLYI has been stable across timeframes, ranging from 0.97 to 0.97 - a consistent structural relationship.

FDIS vs. XLYI - Sectors Allocation Comparison

Sectors	FDIS	XLYI
Consumer Cyclical	96.2%	99.0%
Consumer Defensive	1.2%	-
Industrials	1.1%	-
Technology	1.0%	1.0%
Communication Services	0.3%	-
Healthcare	0.1%	-
Real Estate	0.1%	-
Financial Services	0.1%	99.8%
Basic Materials	-	-
Energy	-	-
Utilities	-	-

Return for Risk

FDIS vs. XLYI — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FDIS

FDIS Risk / Return Rank: 19
FDIS Sharpe Ratio Rank: 19
FDIS Sortino Ratio Rank: 18
FDIS Omega Ratio Rank: 18
FDIS Calmar Ratio Rank: 18
FDIS Martin Ratio Rank: 20

XLYI

XLYI Risk / Return Rank: 20
XLYI Sharpe Ratio Rank: 20
XLYI Sortino Ratio Rank: 19
XLYI Omega Ratio Rank: 19
XLYI Calmar Ratio Rank: 21
XLYI Martin Ratio Rank: 22

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FDIS vs. XLYI - 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 Consumer Discretionary Select Sector SPDR Premium Income ETF (XLYI). 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	XLYI	Difference
Sharpe ratio: Return per unit of total volatility	0.34	0.40	-0.06
Sortino ratio: Return per unit of downside risk	0.61	0.66	-0.04
Omega ratio: Gain probability vs. loss probability	1.07	1.08	-0.01
Calmar ratio: Return relative to maximum drawdown	0.43	0.53	-0.10
Martin ratio: Return relative to average drawdown	1.24	1.50	-0.26

FDIS vs. XLYI - Sharpe Ratio Comparison

The current FDIS Sharpe Ratio is 0.34, which is comparable to the XLYI Sharpe Ratio of 0.40. The chart below compares the historical Sharpe Ratios of FDIS and XLYI, 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. XLYI - Drawdown Comparison

The maximum FDIS drawdown since its inception was -39.16%, which is greater than XLYI's maximum drawdown of -12.32%. Use the drawdown chart below to compare losses from any high point for FDIS and XLYI.

Drawdown Indicators

	FDIS	XLYI	Difference
Max Drawdown Largest peak-to-trough decline	-39.16%	-12.32%	-26.84%
Max Drawdown (1Y) Largest decline over 1 year	-15.50%	-12.32%	-3.18%
Max Drawdown (3Y) Largest decline over 3 years	-27.43%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-39.16%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-39.16%	—	—
Current Drawdown Current decline from peak	-4.81%	-3.86%	-0.95%
Average Drawdown Average peak-to-trough decline	-7.47%	-3.29%	-4.18%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.36%	4.33%	+1.03%

Volatility

FDIS vs. XLYI - Volatility Comparison

Fidelity MSCI Consumer Discretionary Index ETF (FDIS) and State Street Consumer Discretionary Select Sector SPDR Premium Income ETF (XLYI) have volatilities of 6.64% and 6.42%, 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	XLYI	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.64%	6.42%	+0.22%
Volatility (6M) Calculated over the trailing 6-month period	14.66%	12.97%	+1.69%
Volatility (1Y) Calculated over the trailing 1-year period	19.43%	16.34%	+3.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.09%	16.32%	+7.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.39%	16.32%	+6.07%

FDIS vs. XLYI - Expense Ratio Comparison

FDIS has a 0.08% expense ratio, which is lower than XLYI's 0.35% expense ratio.

Dividends

FDIS vs. XLYI - Dividend Comparison

FDIS's dividend yield for the trailing twelve months is around 0.73%, less than XLYI's 14.79% 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%
XLYI State Street Consumer Discretionary Select Sector SPDR Premium Income ETF	14.79%	6.76%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FDIS and XLYI in my portfolio?

With a correlation of 0.97, FDIS and XLYI 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.

Which is riskier, FDIS or XLYI?

FDIS has higher volatility (6.64%) compared to XLYI (6.42%). In terms of maximum drawdown, FDIS dropped -39.16% vs XLYI's -12.32%.

Which ETF is better, FDIS or XLYI?

On 1-year performance, FDIS leads with 9.49% vs 8.70% for XLYI. On fees, FDIS is cheaper at 0.08% per year. On volatility, XLYI has been the lower-risk option at 6.42%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FDIS or XLYI?

Over the 1-year period, FDIS has performed better with a 9.49% return vs 8.70%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FDIS or XLYI?

FDIS is cheaper with a 0.08% expense ratio, compared with 0.35% for XLYI.

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

XLYI has the higher dividend yield at 14.79%, compared with 0.73% for FDIS.

What is the main difference between FDIS and XLYI?

FDIS is categorized as Consumer Discretionary Equities, while XLYI is Derivative Income. They also come from different issuers: Fidelity and State Street. Their fees differ too: 0.08% for FDIS and 0.35% for XLYI.

Which has better risk-adjusted returns?

XLYI currently has the higher Sharpe Ratio (0.40 vs 0.34), 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.