RSPD vs. FDIS

Last updated Jun 24, 2026

RSPD (Invesco S&P 500 Equal Weight Consumer Discretionary ETF) and FDIS (Fidelity MSCI Consumer Discretionary Index ETF) are both Consumer Discretionary Equities funds - RSPD tracks the S&P 500 Equal Weighted / Consumer Discretionary -SEC while FDIS tracks the MSCI USA IMI Consumer Discretionary 25/50 Index. Both are passively managed. Over the past 10 years, RSPD returned 8.53%/yr vs 13.88%/yr for FDIS. Their correlation of 0.86 suggests significant overlap in exposure. RSPD charges 0.40%/yr vs 0.08%/yr for FDIS.

Performance

RSPD vs. FDIS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco S&P 500 Equal Weight Consumer Discretionary ETF (RSPD) 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, RSPD achieves a -3.06% return, which is significantly lower than FDIS's -2.36% return. Over the past 10 years, RSPD has underperformed FDIS with an annualized return of 8.53%, while FDIS has yielded a comparatively higher 13.88% annualized return.

RSPD

• 1D: -0.22%
• 1M: 2.26%
• YTD: -3.06%
• 6M: -4.33%
• 1Y: 6.74%
• 3Y*: 8.83%
• 5Y*: 3.43%
• 10Y*: 8.53%

FDIS

• 1D: -0.98%
• 1M: -2.85%
• YTD: -2.36%
• 6M: -4.54%
• 1Y: 8.08%
• 3Y*: 12.56%
• 5Y*: 5.16%
• 10Y*: 13.88%

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

RSPD vs. FDIS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
RSPD Invesco S&P 500 Equal Weight Consumer Discretionary ETF	-3.06%	7.98%	13.37%	22.55%	-24.03%	28.75%	11.43%	25.88%	-8.79%	15.04%
FDIS Fidelity MSCI Consumer Discretionary Index ETF	-2.36%	5.67%	24.43%	40.48%	-35.23%	24.25%	49.50%	27.44%	-0.88%	22.96%

Correlation

The correlation between RSPD and FDIS is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.82
Correlation (3Y) Calculated over the trailing 3-year period	0.83
Correlation (5Y) Calculated over the trailing 5-year period	0.87
Correlation (10Y) Calculated over the trailing 10-year period	0.84
Correlation (All Time) Calculated using the full available price history since Oct 24, 2013	0.86

The correlation between RSPD and FDIS has been stable across timeframes, ranging from 0.82 to 0.87 - a consistent structural relationship.

RSPD vs. FDIS - Sectors Allocation Comparison

Sectors	RSPD	FDIS
Consumer Cyclical	96.1%	96.7%
Technology	2.1%	1.0%
Communication Services	2.0%	0.3%
Industrials	1.8%	0.9%
Financial Services	0.1%	0.1%
Basic Materials	-	-
Consumer Defensive	-	1.1%
Energy	-	-
Healthcare	-	0.1%
Real Estate	-	0.1%
Utilities	-	-

Return for Risk

RSPD vs. FDIS — Risk / Return Rank

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

RSPD

RSPD Risk / Return Rank: 14
RSPD Sharpe Ratio Rank: 14
RSPD Sortino Ratio Rank: 14
RSPD Omega Ratio Rank: 13
RSPD Calmar Ratio Rank: 14
RSPD Martin Ratio Rank: 14

FDIS

FDIS Risk / Return Rank: 15
FDIS Sharpe Ratio Rank: 15
FDIS Sortino Ratio Rank: 15
FDIS Omega Ratio Rank: 14
FDIS Calmar Ratio Rank: 15
FDIS Martin Ratio Rank: 16

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.

RSPD vs. FDIS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 Equal Weight Consumer Discretionary ETF (RSPD) 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.

	RSPD	FDIS	Difference
Sharpe ratio: Return per unit of total volatility	0.37	0.43	-0.07
Sortino ratio: Return per unit of downside risk	0.69	0.74	-0.04
Omega ratio: Gain probability vs. loss probability	1.07	1.09	-0.01
Calmar ratio: Return relative to maximum drawdown	0.49	0.52	-0.03
Martin ratio: Return relative to average drawdown	1.17	1.60	-0.43

RSPD vs. FDIS - Sharpe Ratio Comparison

The current RSPD Sharpe Ratio is 0.37, which is comparable to the FDIS Sharpe Ratio of 0.43. The chart below compares the historical Sharpe Ratios of RSPD 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

RSPD vs. FDIS - Drawdown Comparison

The maximum RSPD drawdown since its inception was -68.00%, which is greater than FDIS's maximum drawdown of -39.16%. Use the drawdown chart below to compare losses from any high point for RSPD and FDIS.

Drawdown Indicators

	RSPD	FDIS	Difference
Max Drawdown Largest peak-to-trough decline	-68.00%	-39.16%	-28.84%
Max Drawdown (1Y) Largest decline over 1 year	-13.80%	-15.50%	+1.70%
Max Drawdown (3Y) Largest decline over 3 years	-21.01%	-27.43%	+6.42%
Max Drawdown (5Y) Largest decline over 5 years	-34.41%	-39.16%	+4.75%
Max Drawdown (10Y) Largest decline over 10 years	-48.00%	-39.16%	-8.84%
Current Drawdown Current decline from peak	-7.89%	-6.85%	-1.04%
Average Drawdown Average peak-to-trough decline	-10.69%	-7.49%	-3.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.77%	5.07%	+0.70%

Volatility

RSPD vs. FDIS - Volatility Comparison

The current volatility for Invesco S&P 500 Equal Weight Consumer Discretionary ETF (RSPD) is 5.66%, while Fidelity MSCI Consumer Discretionary Index ETF (FDIS) has a volatility of 6.34%. This indicates that RSPD 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.

Volatility by Period

	RSPD	FDIS	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.66%	6.34%	-0.68%
Volatility (6M) Calculated over the trailing 6-month period	14.03%	13.82%	+0.21%
Volatility (1Y) Calculated over the trailing 1-year period	18.54%	18.75%	-0.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.17%	23.99%	-1.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.12%	22.33%	+0.79%

RSPD vs. FDIS - Expense Ratio Comparison

RSPD has a 0.40% expense ratio, which is higher than FDIS's 0.08% expense ratio.

Dividends

RSPD vs. FDIS - Dividend Comparison

RSPD's dividend yield for the trailing twelve months is around 0.89%, more than FDIS's 0.75% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FDIS Fidelity MSCI Consumer Discretionary Index ETF	0.75%	0.75%	0.69%	0.78%	1.00%	0.58%	0.59%	1.14%	1.29%	1.00%	1.62%	1.25%
RSPD Invesco S&P 500 Equal Weight Consumer Discretionary ETF	0.89%	1.08%	0.84%	1.09%	0.99%	0.53%	0.81%	1.59%	1.67%	1.45%	1.27%	1.37%

Frequently Asked Questions

Can I hold both RSPD and FDIS in my portfolio?

RSPD and FDIS have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RSPD or FDIS?

FDIS has higher volatility (6.34%) compared to RSPD (5.66%). In terms of maximum drawdown, RSPD dropped -68.00% vs FDIS's -39.16%.

Which ETF is better, RSPD or FDIS?

On 10-year performance, FDIS leads with 13.88% vs 8.53% for RSPD. On fees, FDIS is cheaper at 0.08% per year. On volatility, RSPD has been the lower-risk option at 5.66%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, RSPD or FDIS?

Over the 10-year period, FDIS has performed better with a 13.88% return vs 8.53%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, RSPD or FDIS?

FDIS is cheaper with a 0.08% expense ratio, compared with 0.40% for RSPD.

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

RSPD has the higher dividend yield at 0.89%, compared with 0.75% for FDIS.

What is the main difference between RSPD and FDIS?

RSPD tracks S&P 500 Equal Weighted / Consumer Discretionary -SEC, while FDIS tracks MSCI USA IMI Consumer Discretionary 25/50 Index. They also come from different issuers: Invesco and Fidelity. Their fees differ too: 0.40% for RSPD and 0.08% for FDIS.

Which has better risk-adjusted returns?

FDIS currently has the higher Sharpe Ratio (0.43 vs 0.37), 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.