VCR vs. FDIS
VCR (Vanguard Consumer Discretionary ETF) and FDIS (Fidelity MSCI Consumer Discretionary Index ETF) are both Consumer Discretionary Equities funds - VCR tracks the MSCI US Investable Market Consumer Discretionary 25/50 Index while FDIS tracks the MSCI USA IMI Consumer Discretionary 25/50 Index. Both are passively managed. Over the past 10 years, VCR returned 13.68%/yr vs 13.88%/yr for FDIS. With a 0.99 correlation, they move nearly in lockstep. VCR charges 0.10%/yr vs 0.08%/yr for FDIS.
Performance
VCR vs. FDIS - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with VCR having a -2.41% return and FDIS slightly higher at -2.36%. Both investments have delivered pretty close results over the past 10 years, with VCR having a 13.68% annualized return and FDIS not far ahead at 13.88%.
VCR
- 1D
- -0.91%
- 1M
- -2.81%
- YTD
- -2.41%
- 6M
- -4.50%
- 1Y
- 8.02%
- 3Y*
- 12.53%
- 5Y*
- 5.14%
- 10Y*
- 13.68%
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%
VCR vs. FDIS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VCR Vanguard Consumer Discretionary ETF | -2.41% | 5.77% | 24.27% | 40.38% | -35.15% | 24.86% | 48.36% | 27.45% | -2.31% | 22.82% |
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 VCR and FDIS is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 1.00 |
Correlation (3Y) Calculated over the trailing 3-year period | 1.00 |
Correlation (5Y) Calculated over the trailing 5-year period | 1.00 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.99 |
Correlation (All Time) Calculated using the full available price history since Oct 24, 2013 | 0.99 |
The correlation between VCR and FDIS has been stable across timeframes, ranging from 0.99 to 1.00 - a consistent structural relationship.
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Return for Risk
VCR vs. FDIS — Risk / Return Rank
VCR
FDIS
VCR vs. FDIS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Consumer Discretionary ETF (VCR) 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.
| VCR | FDIS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.01 | ||
| Sortino ratioReturn per unit of downside risk | -0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.09 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 0.52 | 0.52 | -0.01 |
| Martin ratioReturn relative to average drawdown | 1.57 | 1.60 | -0.02 |
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Drawdowns
VCR vs. FDIS - Drawdown Comparison
The maximum VCR drawdown since its inception was -61.54%, which is greater than FDIS's maximum drawdown of -39.16%. Use the drawdown chart below to compare losses from any high point for VCR and FDIS.
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Drawdown Indicators
| VCR | FDIS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.54% | -39.16% | -22.38% |
Max Drawdown (1Y)Largest decline over 1 year | -15.59% | -15.50% | -0.09% |
Max Drawdown (3Y)Largest decline over 3 years | -27.36% | -27.43% | +0.07% |
Max Drawdown (5Y)Largest decline over 5 years | -39.20% | -39.16% | -0.04% |
Max Drawdown (10Y)Largest decline over 10 years | -39.20% | -39.16% | -0.04% |
Current DrawdownCurrent decline from peak | -6.85% | -6.85% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -9.39% | -7.49% | -1.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.11% | 5.07% | +0.04% |
Volatility
VCR vs. FDIS - Volatility Comparison
Vanguard Consumer Discretionary ETF (VCR) and Fidelity MSCI Consumer Discretionary Index ETF (FDIS) have volatilities of 6.34% and 6.34%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VCR | FDIS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.34% | 6.34% | 0.00% |
Volatility (6M)Calculated over the trailing 6-month period | 13.88% | 13.82% | +0.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.86% | 18.75% | +0.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.10% | 23.99% | +0.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.44% | 22.33% | +0.11% |
VCR vs. FDIS - Expense Ratio Comparison
VCR has a 0.10% 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%.
Dividends
VCR vs. FDIS - Dividend Comparison
VCR's dividend yield for the trailing twelve months is around 0.75%, which matches 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% |
VCR Vanguard Consumer Discretionary ETF | 0.75% | 0.74% | 0.74% | 0.84% | 0.98% | 0.79% | 1.71% | 1.17% | 1.37% | 1.21% | 1.60% | 1.32% |
Frequently Asked Questions
With a correlation of 1.00, VCR and FDIS move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
FDIS has higher volatility (6.34%) compared to VCR (6.34%). In terms of maximum drawdown, VCR dropped -61.54% vs FDIS's -39.16%.
On 10-year performance, FDIS leads with 13.88% vs 13.68% for VCR. On fees, FDIS is cheaper at 0.08% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, FDIS has performed better with a 13.88% return vs 13.68%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FDIS is cheaper with a 0.08% expense ratio, compared with 0.10% for VCR.
VCR and FDIS have nearly identical dividend yields, around 0.75%.
VCR tracks MSCI US Investable Market Consumer Discretionary 25/50 Index, while FDIS tracks MSCI USA IMI Consumer Discretionary 25/50 Index. They also come from different issuers: Vanguard and Fidelity. Their fees differ too: 0.10% for VCR and 0.08% for FDIS.
FDIS currently has the higher Sharpe Ratio (0.43 vs 0.43), 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.
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