FDIS vs. XRLV

Last updated Jun 4, 2026

FDIS (Fidelity MSCI Consumer Discretionary Index ETF) and XRLV (Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF) are both exchange-traded funds - FDIS is a Consumer Discretionary Equities fund tracking the MSCI USA IMI Consumer Discretionary Index, while XRLV is a S&P 500 fund tracking the S&P 500 Low Volatility Rate Response Index. Both are passively managed. A 0.60 correlation means they provide meaningful diversification when combined. FDIS charges 0.08%/yr vs 0.25%/yr for XRLV.

Performance

FDIS vs. XRLV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity MSCI Consumer Discretionary Index ETF (FDIS) and Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF (XRLV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

FDIS

• 1D: -0.72%
• 1M: -0.07%
• YTD: -0.65%
• 6M: -0.87%
• 1Y: 9.82%
• 3Y*: 15.08%
• 5Y*: 6.19%
• 10Y*: 13.68%

XRLV

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FDIS vs. XRLV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FDIS Fidelity MSCI Consumer Discretionary Index ETF	-0.65%	5.67%	24.43%	40.48%	-35.23%	24.25%	49.50%	27.44%	-0.88%	22.96%
XRLV Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF	6.34%	4.11%	14.11%	0.06%	-4.77%	27.39%	2.56%	29.80%	-3.28%	23.51%

Correlation

The correlation between FDIS and XRLV is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.19
Correlation (3Y) Calculated over the trailing 3-year period	0.32
Correlation (5Y) Calculated over the trailing 5-year period	0.44
Correlation (10Y) Calculated over the trailing 10-year period	0.57
Correlation (All Time) Calculated using the full available price history since Apr 10, 2015	0.60

Over the past year, the correlation between FDIS and XRLV has dropped to 0.19 - well below their long-term average of 0.60, suggesting their price drivers have been diverging.

FDIS vs. XRLV - Sectors Allocation Comparison

Sectors	FDIS	XRLV
Consumer Cyclical	96.9%	7.1%
Consumer Defensive	1.0%	15.3%
Technology	0.9%	5.6%
Industrials	0.8%	7.2%
Communication Services	0.2%	2.8%
Healthcare	0.1%	8.4%
Financial Services	0.1%	16.3%
Real Estate	0.1%	11.6%
Basic Materials	-	3.1%
Energy	-	1.1%
Utilities	-	21.5%

Return for Risk

FDIS vs. XRLV — Risk / Return Rank

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

FDIS

FDIS Risk / Return Rank: 17
FDIS Sharpe Ratio Rank: 17
FDIS Sortino Ratio Rank: 17
FDIS Omega Ratio Rank: 16
FDIS Calmar Ratio Rank: 17
FDIS Martin Ratio Rank: 18

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. XRLV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity MSCI Consumer Discretionary Index ETF (FDIS) and Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF (XRLV). 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.

	FDIS	XRLV	Difference
Sharpe ratio: Return per unit of total volatility	0.54	—	—
Sortino ratio: Return per unit of downside risk	0.88	—	—
Omega ratio: Gain probability vs. loss probability	1.10	—	—
Calmar ratio: Return relative to maximum drawdown	0.64	—	—
Martin ratio: Return relative to average drawdown	2.00	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	FDIS	XRLV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.54	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.26	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.62	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.61	—	—

Drawdowns

Drawdown Indicators

	FDIS	XRLV	Difference
Max Drawdown Largest peak-to-trough decline	-39.16%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-15.50%	—	—
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	-5.22%	—	—
Average Drawdown Average peak-to-trough decline	-7.50%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	4.93%	—	—

Volatility

Volatility by Period

	FDIS	XRLV	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.20%	—	—
Volatility (6M) Calculated over the trailing 6-month period	13.06%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	18.37%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.87%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.29%	—	—

FDIS vs. XRLV - Expense Ratio Comparison

FDIS has a 0.08% expense ratio, which is lower than XRLV's 0.25% 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. XRLV - Dividend Comparison

FDIS's dividend yield for the trailing twelve months is around 0.73%, less than XRLV's 1.53% 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%
XRLV Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF	1.53%	2.15%	1.94%	2.57%	1.96%	1.26%	1.65%	1.66%	1.76%	1.39%	1.71%	1.07%

Frequently Asked Questions

Can I hold both FDIS and XRLV in my portfolio?

FDIS and XRLV have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FDIS or XRLV?

On fees, FDIS is cheaper at 0.08% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FDIS or XRLV?

FDIS is cheaper with a 0.08% expense ratio, compared with 0.25% for XRLV.

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

XRLV has the higher dividend yield at 1.53%, compared with 0.73% for FDIS.

What is the main difference between FDIS and XRLV?

FDIS is categorized as Consumer Discretionary Equities, while XRLV is S&P 500. FDIS tracks MSCI USA IMI Consumer Discretionary Index, while XRLV tracks S&P 500 Low Volatility Rate Response Index. They also come from different issuers: Fidelity and Invesco. Their fees differ too: 0.08% for FDIS and 0.25% for XRLV.