Correlation
The correlation between GGME and FDIS is 0.79, 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.
GGME vs. FDIS
Compare and contrast key facts about Invesco Next Gen Media and Gaming ETF (GGME) and Fidelity MSCI Consumer Discretionary Index ETF (FDIS).
GGME and FDIS are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GGME is a passively managed fund by Invesco that tracks the performance of the STOXX World AC NexGen Media Index - Benchmark TR Gross. It was launched on Jun 23, 2005. 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. Both GGME and FDIS are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GGME or FDIS.
Performance
GGME vs. FDIS - Performance Comparison
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Key characteristics
GGME:
0.88
FDIS:
0.71
GGME:
1.27
FDIS:
1.18
GGME:
1.17
FDIS:
1.15
GGME:
0.86
FDIS:
0.68
GGME:
3.09
FDIS:
1.95
GGME:
6.92%
FDIS:
9.56%
GGME:
27.25%
FDIS:
26.24%
GGME:
-69.13%
FDIS:
-39.16%
GGME:
-3.86%
FDIS:
-11.00%
Returns By Period
In the year-to-date period, GGME achieves a 7.93% return, which is significantly higher than FDIS's -4.98% return. Over the past 10 years, GGME has underperformed FDIS with an annualized return of 7.99%, while FDIS has yielded a comparatively higher 12.72% annualized return.
GGME
7.93%
7.86%
6.29%
23.68%
13.71%
13.50%
7.99%
FDIS
-4.98%
9.30%
-5.00%
18.61%
12.61%
14.36%
12.72%
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GGME vs. FDIS - Expense Ratio Comparison
GGME has a 0.60% expense ratio, which is higher than FDIS's 0.08% expense ratio.
Risk-Adjusted Performance
GGME vs. FDIS — Risk-Adjusted Performance Rank
GGME
FDIS
GGME vs. FDIS - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Next Gen Media and Gaming ETF (GGME) 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
GGME vs. FDIS - Dividend Comparison
GGME's dividend yield for the trailing twelve months is around 0.12%, less than FDIS's 0.78% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GGME Invesco Next Gen Media and Gaming ETF | 0.12% | 0.08% | 2.31% | 0.76% | 0.39% | 0.30% | 0.42% | 0.93% | 0.33% | 0.16% | 1.12% | 0.50% |
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
GGME vs. FDIS - Drawdown Comparison
The maximum GGME drawdown since its inception was -69.13%, which is greater than FDIS's maximum drawdown of -39.16%. Use the drawdown chart below to compare losses from any high point for GGME and FDIS.
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Volatility
GGME vs. FDIS - Volatility Comparison
The current volatility for Invesco Next Gen Media and Gaming ETF (GGME) is 4.43%, while Fidelity MSCI Consumer Discretionary Index ETF (FDIS) has a volatility of 7.16%. This indicates that GGME experiences smaller price fluctuations and is considered to be less risky than FDIS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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