NVDA vs. FDIS

Last updated Jul 21, 2026

NVDA (NVIDIA Corporation) is a stock, while FDIS (Fidelity MSCI Consumer Discretionary Index ETF) is Consumer Discretionary Equities fund tracking the MSCI USA IMI Consumer Discretionary 25/50 Index. Over the past 10 years, NVDA returned 65.23%/yr vs 13.25%/yr for FDIS. A 0.55 correlation means they provide meaningful diversification when combined.

Performance

NVDA vs. FDIS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in NVIDIA Corporation (NVDA) 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, NVDA achieves a 9.13% return, which is significantly higher than FDIS's -0.90% return. Over the past 10 years, NVDA has outperformed FDIS with an annualized return of 65.23%, while FDIS has yielded a comparatively lower 13.25% annualized return.

NVDA

• 1D: 0.23%
• 1M: -3.52%
• 6M: 9.29%
• YTD: 9.13%
• 1Y: 18.06%
• 3Y*: 66.27%
• 5Y*: 60.07%
• 10Y*: 65.23%
• ALL TIME*: 36.39%

FDIS

• 1D: -0.77%
• 1M: -1.24%
• 6M: -3.89%
• YTD: -0.90%
• 1Y: 5.73%
• 3Y*: 11.54%
• 5Y*: 5.13%
• 10Y*: 13.25%
• ALL TIME*: 12.45%

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

NVDA vs. FDIS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
NVDA NVIDIA Corporation	9.13%	38.92%	171.25%	239.02%	-50.26%	125.48%	122.30%	76.94%	-30.82%	81.99%
FDIS Fidelity MSCI Consumer Discretionary Index ETF	-0.90%	5.67%	24.43%	40.48%	-35.23%	24.25%	49.50%	27.44%	-0.88%	22.96%

Correlation

The correlation between NVDA and FDIS is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.31
Correlation (3Y) Calculated over the trailing 3-year period	0.42
Correlation (5Y) Calculated over the trailing 5-year period	0.57
Correlation (10Y) Calculated over the trailing 10-year period	0.56
Correlation (All Time) Calculated using the full available price history since Oct 24, 2013	0.55

Over the past year, the correlation between NVDA and FDIS has dropped to 0.31 - well below their long-term average of 0.55, suggesting their price drivers have been diverging.

Return for Risk

NVDA vs. FDIS — Risk / Return Rank

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

NVDA

NVDA Risk / Return Rank: 61
NVDA Sharpe Ratio Rank: 63
NVDA Sortino Ratio Rank: 58
NVDA Omega Ratio Rank: 56
NVDA Calmar Ratio Rank: 65
NVDA Martin Ratio Rank: 64

FDIS

FDIS Risk / Return Rank: 16
FDIS Sharpe Ratio Rank: 16
FDIS Sortino Ratio Rank: 16
FDIS Omega Ratio Rank: 15
FDIS Calmar Ratio Rank: 16
FDIS Martin Ratio Rank: 17

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.

NVDA vs. FDIS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for NVIDIA Corporation (NVDA) 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	NVDA	FDIS	Difference
Sharpe ratio: Return per unit of total volatility	0.51	0.31	+0.20
Sortino ratio: Return per unit of downside risk	0.95	0.56	+0.38
Omega ratio: Gain probability vs. loss probability	1.11	1.07	+0.04
Calmar ratio: Return relative to maximum drawdown	0.90	0.37	+0.53
Martin ratio: Return relative to average drawdown	1.90	1.10	+0.80

NVDA vs. FDIS - Sharpe Ratio Comparison

The current NVDA Sharpe Ratio is 0.51, which is higher than the FDIS Sharpe Ratio of 0.31. The chart below compares the historical Sharpe Ratios of NVDA 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.

Drawdowns

NVDA vs. FDIS - Drawdown Comparison

The maximum NVDA drawdown since its inception was -89.72%, which is greater than FDIS's maximum drawdown of -39.16%. Use the drawdown chart below to compare losses from any high point for NVDA and FDIS.

Drawdown Indicators

	NVDA	FDIS	Difference
Max Drawdown Largest peak-to-trough decline	-89.72%	-39.16%	-50.56%
Max Drawdown (1Y) Largest decline over 1 year	-20.21%	-15.50%	-4.71%
Max Drawdown (3Y) Largest decline over 3 years	-36.88%	-27.43%	-9.45%
Max Drawdown (5Y) Largest decline over 5 years	-66.34%	-39.16%	-27.18%
Max Drawdown (10Y) Largest decline over 10 years	-66.34%	-39.16%	-27.18%
Current Drawdown Current decline from peak	-13.67%	-5.45%	-8.22%
Average Drawdown Average peak-to-trough decline	-36.10%	-7.47%	-28.63%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.50%	5.20%	+4.30%

Volatility

NVDA vs. FDIS - Volatility Comparison

NVIDIA Corporation (NVDA) has a higher volatility of 10.95% compared to Fidelity MSCI Consumer Discretionary Index ETF (FDIS) at 5.26%. This indicates that NVDA'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

	NVDA	FDIS	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.95%	5.26%	+5.69%
Volatility (6M) Calculated over the trailing 6-month period	27.74%	14.02%	+13.72%
Volatility (1Y) Calculated over the trailing 1-year period	35.88%	18.87%	+17.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	51.81%	24.01%	+27.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	49.92%	22.33%	+27.59%

Dividends

NVDA vs. FDIS - Dividend Comparison

NVDA's dividend yield for the trailing twelve months is around 0.14%, less than FDIS's 0.74% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FDIS Fidelity MSCI Consumer Discretionary Index ETF	0.74%	0.75%	0.69%	0.78%	1.00%	0.58%	0.59%	1.14%	1.29%	1.00%	1.62%	1.25%
NVDA NVIDIA Corporation	0.14%	0.02%	0.03%	0.03%	0.11%	0.05%	0.12%	0.27%	0.46%	0.29%	0.45%	1.20%

Frequently Asked Questions

Can I hold both NVDA and FDIS in my portfolio?

NVDA and FDIS have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NVDA or FDIS?

NVDA has higher volatility (10.95%) compared to FDIS (5.26%). In terms of maximum drawdown, NVDA dropped -89.72% vs FDIS's -39.16%.

Which has better risk-adjusted returns?

NVDA currently has the higher Sharpe Ratio (0.51 vs 0.31), 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.