IEDI vs. FDIS
Compare and contrast key facts about iShares Evolved U.S. Discretionary Spending ETF (IEDI) and Fidelity MSCI Consumer Discretionary Index ETF (FDIS).
IEDI and FDIS are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IEDI is an actively managed fund by iShares. It was launched on Mar 21, 2018. 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: IEDI or FDIS.
Key characteristics
| IEDI | FDIS | |
|---|---|---|
| YTD Return | 21.45% | 18.88% |
| 1Y Return | 35.90% | 33.67% |
| 3Y Return (Ann) | 5.32% | 1.67% |
| 5Y Return (Ann) | 13.57% | 15.96% |
| Sharpe Ratio | 2.77 | 1.87 |
| Sortino Ratio | 3.84 | 2.56 |
| Omega Ratio | 1.48 | 1.32 |
| Calmar Ratio | 2.13 | 1.40 |
| Martin Ratio | 12.54 | 9.54 |
| Ulcer Index | 2.83% | 3.48% |
| Daily Std Dev | 12.78% | 17.73% |
| Max Drawdown | -30.60% | -39.16% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between IEDI and FDIS is 0.87, 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.
Performance
IEDI vs. FDIS - Performance Comparison
In the year-to-date period, IEDI achieves a 21.45% return, which is significantly higher than FDIS's 18.88% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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IEDI vs. FDIS - Expense Ratio Comparison
IEDI has a 0.18% expense ratio, which is higher than FDIS's 0.08% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
IEDI vs. FDIS - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Evolved U.S. Discretionary Spending ETF (IEDI) 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.
Dividends
IEDI vs. FDIS - Dividend Comparison
IEDI's dividend yield for the trailing twelve months is around 1.02%, more than FDIS's 0.70% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IEDI iShares Evolved U.S. Discretionary Spending ETF | 1.02% | 1.13% | 3.04% | 0.70% | 0.83% | 1.58% | 1.57% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FDIS Fidelity MSCI Consumer Discretionary Index ETF | 0.70% | 0.78% | 1.00% | 0.58% | 0.59% | 1.14% | 1.29% | 1.00% | 1.62% | 1.25% | 1.01% | 0.28% |
Drawdowns
IEDI vs. FDIS - Drawdown Comparison
The maximum IEDI drawdown since its inception was -30.60%, smaller than the maximum FDIS drawdown of -39.16%. Use the drawdown chart below to compare losses from any high point for IEDI and FDIS. For additional features, visit the drawdowns tool.
Volatility
IEDI vs. FDIS - Volatility Comparison
The current volatility for iShares Evolved U.S. Discretionary Spending ETF (IEDI) is 3.07%, while Fidelity MSCI Consumer Discretionary Index ETF (FDIS) has a volatility of 5.58%. This indicates that IEDI 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.