Correlation
The correlation between FDRV and FDIS is 0.77, 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.
FDRV vs. FDIS
Compare and contrast key facts about Fidelity Electric Vehicles and Future Transportation ETF (FDRV) and Fidelity MSCI Consumer Discretionary Index ETF (FDIS).
FDRV and FDIS are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FDRV is an actively managed fund by Fidelity. It was launched on Oct 5, 2021. 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FDRV or FDIS.
Performance
FDRV vs. FDIS - Performance Comparison
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Key characteristics
FDRV:
-0.05
FDIS:
0.71
FDRV:
0.13
FDIS:
1.18
FDRV:
1.02
FDIS:
1.15
FDRV:
-0.03
FDIS:
0.68
FDRV:
-0.23
FDIS:
1.95
FDRV:
9.35%
FDIS:
9.56%
FDRV:
32.10%
FDIS:
26.24%
FDRV:
-63.89%
FDIS:
-39.16%
FDRV:
-53.52%
FDIS:
-11.00%
Returns By Period
In the year-to-date period, FDRV achieves a 4.45% return, which is significantly higher than FDIS's -4.98% return.
FDRV
4.45%
8.16%
0.83%
-1.42%
-11.48%
N/A
N/A
FDIS
-4.98%
8.55%
-5.00%
17.90%
12.61%
14.36%
12.72%
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FDRV vs. FDIS - Expense Ratio Comparison
FDRV has a 0.39% expense ratio, which is higher than FDIS's 0.08% expense ratio.
Risk-Adjusted Performance
FDRV vs. FDIS — Risk-Adjusted Performance Rank
FDRV
FDIS
FDRV vs. FDIS - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Electric Vehicles and Future Transportation ETF (FDRV) and Fidelity MSCI Consumer Discretionary Index ETF (FDIS). 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.
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Dividends
FDRV vs. FDIS - Dividend Comparison
FDRV's dividend yield for the trailing twelve months is around 0.52%, less than FDIS's 0.78% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FDRV Fidelity Electric Vehicles and Future Transportation ETF | 0.52% | 0.43% | 0.24% | 0.33% | 0.04% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FDIS Fidelity MSCI Consumer Discretionary Index ETF | 0.78% | 0.69% | 0.78% | 1.00% | 0.58% | 0.59% | 1.14% | 1.29% | 1.00% | 1.62% | 1.25% | 1.01% |
Drawdowns
FDRV vs. FDIS - Drawdown Comparison
The maximum FDRV drawdown since its inception was -63.89%, which is greater than FDIS's maximum drawdown of -39.16%. Use the drawdown chart below to compare losses from any high point for FDRV and FDIS.
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Volatility
FDRV vs. FDIS - Volatility Comparison
Fidelity Electric Vehicles and Future Transportation ETF (FDRV) has a higher volatility of 8.18% compared to Fidelity MSCI Consumer Discretionary Index ETF (FDIS) at 7.16%. This indicates that FDRV's price experiences larger fluctuations and is considered to be riskier than FDIS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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