FDRV vs. FDIS

Last updated Jun 3, 2026

FDRV (Fidelity Electric Vehicles and Future Transportation ETF) and FDIS (Fidelity MSCI Consumer Discretionary Index ETF) are both exchange-traded funds - FDRV is a Transportation Equities fund actively managed by Fidelity, while FDIS is a Consumer Discretionary Equities fund tracking the MSCI USA IMI Consumer Discretionary Index. FDRV is actively managed, while FDIS is passively managed. Over the past 3 years, FDRV returned 7.44%/yr vs 15.36%/yr for FDIS. A 0.78 correlation means they provide meaningful diversification when combined. FDRV charges 0.39%/yr vs 0.08%/yr for FDIS.

Performance

FDRV vs. FDIS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Electric Vehicles and Future Transportation ETF (FDRV) and Fidelity MSCI Consumer Discretionary Index ETF (FDIS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FDRV achieves a 32.06% return, which is significantly higher than FDIS's 0.06% return.

FDRV

• 1D: 3.68%
• 1M: 12.17%
• YTD: 32.06%
• 6M: 32.82%
• 1Y: 57.85%
• 3Y*: 7.44%
• 5Y*: —
• 10Y*: —

FDIS

• 1D: -0.40%
• 1M: -0.29%
• YTD: 0.06%
• 6M: 0.92%
• 1Y: 11.24%
• 3Y*: 15.36%
• 5Y*: 6.49%
• 10Y*: 13.76%

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

FDRV vs. FDIS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
FDRV Fidelity Electric Vehicles and Future Transportation ETF	32.06%	24.32%	-21.73%	12.27%	-44.23%	7.00%
FDIS Fidelity MSCI Consumer Discretionary Index ETF	0.06%	5.67%	24.43%	40.48%	-35.23%	8.27%

Correlation

The correlation between FDRV and FDIS is 0.66, 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	0.66
Correlation (3Y) Calculated over the trailing 3-year period	0.69
Correlation (All Time) Calculated using the full available price history since Oct 8, 2021	0.78

The correlation between FDRV and FDIS shifts across timeframes, from 0.66 (1 year) to 0.78 (all time), reflecting how their relationship changes across market environments.

FDRV vs. FDIS - Sectors Allocation Comparison

Sectors	FDRV	FDIS
Consumer Cyclical	42.8%	96.9%
Technology	40.7%	0.9%
Industrials	12.3%	0.8%
Basic Materials	4.3%	-
Communication Services	-	0.2%
Consumer Defensive	-	1.0%
Energy	-	-
Financial Services	-	0.1%
Healthcare	-	0.1%
Real Estate	-	0.1%
Utilities	-	-

Return for Risk

FDRV vs. FDIS — Risk / Return Rank

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

FDRV

FDRV Risk / Return Rank: 66
FDRV Sharpe Ratio Rank: 69
FDRV Sortino Ratio Rank: 64
FDRV Omega Ratio Rank: 62
FDRV Calmar Ratio Rank: 72
FDRV Martin Ratio Rank: 62

FDIS

FDIS Risk / Return Rank: 19
FDIS Sharpe Ratio Rank: 19
FDIS Sortino Ratio Rank: 19
FDIS Omega Ratio Rank: 18
FDIS Calmar Ratio Rank: 17
FDIS Martin Ratio Rank: 19

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.

FDRV vs. FDIS - Risk-Adjusted Trends 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.

	FDRV	FDIS	Difference
Sharpe ratio Return per unit of total volatility	2.32	0.61	+1.70
Sortino ratio Return per unit of downside risk	3.01	0.98	+2.03
Omega ratio Gain probability vs. loss probability	1.38	1.12	+0.27
Calmar ratio Return relative to maximum drawdown	3.66	0.73	+2.93
Martin ratio Return relative to average drawdown	11.36	2.29	+9.06
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FDRV vs. FDIS - Sharpe Ratio Comparison

The current FDRV Sharpe Ratio is 2.32, which is higher than the FDIS Sharpe Ratio of 0.61. The chart below compares the historical Sharpe Ratios of FDRV and FDIS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FDRV	FDIS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.32	0.61	+1.70
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.27	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.62	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.10	0.61	-0.71

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.

Drawdown Indicators

	FDRV	FDIS	Difference
Max Drawdown Largest peak-to-trough decline	-63.89%	-39.16%	-24.73%
Max Drawdown (1Y) Largest decline over 1 year	-15.62%	-15.50%	-0.12%
Max Drawdown (3Y) Largest decline over 3 years	-48.45%	-27.43%	-21.02%
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	-26.94%	-4.54%	-22.40%
Average Drawdown Average peak-to-trough decline	-42.36%	-7.50%	-34.86%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.03%	4.92%	+0.11%

Volatility

FDRV vs. FDIS - Volatility Comparison

Fidelity Electric Vehicles and Future Transportation ETF (FDRV) has a higher volatility of 8.95% compared to Fidelity MSCI Consumer Discretionary Index ETF (FDIS) at 5.24%. 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.

Volatility by Period

	FDRV	FDIS	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.95%	5.24%	+3.71%
Volatility (6M) Calculated over the trailing 6-month period	18.48%	13.04%	+5.44%
Volatility (1Y) Calculated over the trailing 1-year period	25.08%	18.36%	+6.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.04%	23.88%	+8.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.04%	22.30%	+9.74%

FDRV vs. FDIS - Expense Ratio Comparison

FDRV has a 0.39% expense ratio, which is higher than FDIS's 0.08% expense ratio.

Dividends

FDRV vs. FDIS - Dividend Comparison

FDRV's dividend yield for the trailing twelve months is around 1.02%, more than FDIS's 0.73% 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%
FDRV Fidelity Electric Vehicles and Future Transportation ETF	1.02%	1.14%	0.43%	0.24%	0.33%	0.04%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FDRV and FDIS in my portfolio?

FDRV and FDIS have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FDRV or FDIS?

FDRV has higher volatility (8.95%) compared to FDIS (5.24%). In terms of maximum drawdown, FDRV dropped -63.89% vs FDIS's -39.16%.

Which ETF is better, FDRV or FDIS?

On 3-year performance, FDIS leads with 15.36% vs 7.44% for FDRV. On fees, FDIS is cheaper at 0.08% per year. On volatility, FDIS has been the lower-risk option at 5.24%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FDRV or FDIS?

Over the 3-year period, FDIS has performed better with a 15.36% return vs 7.44%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FDRV or FDIS?

FDIS is cheaper with a 0.08% expense ratio, compared with 0.39% for FDRV.

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

FDRV has the higher dividend yield at 1.02%, compared with 0.73% for FDIS.

What is the main difference between FDRV and FDIS?

FDRV is categorized as Transportation Equities, while FDIS is Consumer Discretionary Equities. Their fees differ too: 0.39% for FDRV and 0.08% for FDIS.

Which has better risk-adjusted returns?

FDRV currently has the higher Sharpe Ratio (2.32 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.