XLY vs. FDIS

Last updated Jun 23, 2026

XLY (Consumer Discretionary Select Sector SPDR Fund) and FDIS (Fidelity MSCI Consumer Discretionary Index ETF) are both Consumer Discretionary Equities funds - XLY tracks the Consumer Discretionary Select Sector Index while FDIS tracks the MSCI USA IMI Consumer Discretionary 25/50 Index. Both are passively managed. Over the past 10 years, XLY returned 12.85%/yr vs 13.99%/yr for FDIS. With a 0.98 correlation, they move nearly in lockstep. XLY charges 0.13%/yr vs 0.08%/yr for FDIS.

Performance

XLY vs. FDIS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Consumer Discretionary Select Sector SPDR Fund (XLY) 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, XLY achieves a -3.36% return, which is significantly lower than FDIS's -1.40% return. Over the past 10 years, XLY has underperformed FDIS with an annualized return of 12.85%, while FDIS has yielded a comparatively higher 13.99% annualized return.

XLY

• 1D: -1.70%
• 1M: -3.37%
• YTD: -3.36%
• 6M: -5.67%
• 1Y: 10.19%
• 3Y*: 12.50%
• 5Y*: 6.33%
• 10Y*: 12.85%

FDIS

• 1D: -1.74%
• 1M: -1.89%
• YTD: -1.40%
• 6M: -3.81%
• 1Y: 11.16%
• 3Y*: 12.93%
• 5Y*: 5.44%
• 10Y*: 13.99%

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

XLY vs. FDIS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
XLY Consumer Discretionary Select Sector SPDR Fund	-3.36%	7.37%	26.51%	39.64%	-36.27%	27.93%	29.63%	28.39%	1.58%	22.82%
FDIS Fidelity MSCI Consumer Discretionary Index ETF	-1.40%	5.67%	24.43%	40.48%	-35.23%	24.25%	49.50%	27.44%	-0.88%	22.96%

Correlation

The correlation between XLY and FDIS is 0.99 - 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	0.99
Correlation (3Y) Calculated over the trailing 3-year period	0.99
Correlation (5Y) Calculated over the trailing 5-year period	0.99
Correlation (10Y) Calculated over the trailing 10-year period	0.98
Correlation (All Time) Calculated using the full available price history since Oct 24, 2013	0.98

The correlation between XLY and FDIS has been stable across timeframes, ranging from 0.98 to 0.99 - a consistent structural relationship.

XLY vs. FDIS - Sectors Allocation Comparison

Sectors	XLY	FDIS
Consumer Cyclical	97.3%	96.7%
Communication Services	1.5%	0.3%
Technology	0.9%	1.0%
Industrials	0.1%	0.9%
Basic Materials	-	-
Consumer Defensive	-	1.1%
Energy	-	-
Financial Services	-	0.1%
Healthcare	-	0.1%
Real Estate	-	0.1%
Utilities	-	-

Return for Risk

XLY vs. FDIS — Risk / Return Rank

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

XLY

XLY Risk / Return Rank: 17
XLY Sharpe Ratio Rank: 17
XLY Sortino Ratio Rank: 16
XLY Omega Ratio Rank: 16
XLY Calmar Ratio Rank: 17
XLY Martin Ratio Rank: 18

FDIS

FDIS Risk / Return Rank: 18
FDIS Sharpe Ratio Rank: 18
FDIS Sortino Ratio Rank: 18
FDIS Omega Ratio Rank: 17
FDIS Calmar Ratio Rank: 17
FDIS Martin Ratio Rank: 19

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.

XLY vs. FDIS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Consumer Discretionary Select Sector SPDR Fund (XLY) 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.

	XLY	FDIS	Difference
Sharpe ratio: Return per unit of total volatility	0.55	0.60	-0.05
Sortino ratio: Return per unit of downside risk	0.89	0.96	-0.06
Omega ratio: Gain probability vs. loss probability	1.10	1.11	-0.01
Calmar ratio: Return relative to maximum drawdown	0.68	0.72	-0.04
Martin ratio: Return relative to average drawdown	2.07	2.21	-0.15

XLY vs. FDIS - Sharpe Ratio Comparison

The current XLY Sharpe Ratio is 0.55, which is comparable to the FDIS Sharpe Ratio of 0.60. The chart below compares the historical Sharpe Ratios of XLY 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

XLY vs. FDIS - Drawdown Comparison

The maximum XLY drawdown since its inception was -59.05%, which is greater than FDIS's maximum drawdown of -39.16%. Use the drawdown chart below to compare losses from any high point for XLY and FDIS.

Drawdown Indicators

	XLY	FDIS	Difference
Max Drawdown Largest peak-to-trough decline	-59.05%	-39.16%	-19.89%
Max Drawdown (1Y) Largest decline over 1 year	-14.98%	-15.50%	+0.52%
Max Drawdown (3Y) Largest decline over 3 years	-26.01%	-27.43%	+1.42%
Max Drawdown (5Y) Largest decline over 5 years	-39.67%	-39.16%	-0.51%
Max Drawdown (10Y) Largest decline over 10 years	-39.67%	-39.16%	-0.51%
Current Drawdown Current decline from peak	-7.32%	-5.93%	-1.39%
Average Drawdown Average peak-to-trough decline	-9.55%	-7.49%	-2.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.94%	5.05%	-0.11%

Volatility

XLY vs. FDIS - Volatility Comparison

Consumer Discretionary Select Sector SPDR Fund (XLY) and Fidelity MSCI Consumer Discretionary Index ETF (FDIS) have volatilities of 6.47% and 6.33%, 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.

Volatility by Period

	XLY	FDIS	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.47%	6.33%	+0.14%
Volatility (6M) Calculated over the trailing 6-month period	13.88%	13.87%	+0.01%
Volatility (1Y) Calculated over the trailing 1-year period	18.55%	18.76%	-0.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.90%	23.98%	-0.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.12%	22.36%	-0.24%

XLY vs. FDIS - Expense Ratio Comparison

XLY has a 0.13% 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

XLY vs. FDIS - Dividend Comparison

XLY's dividend yield for the trailing twelve months is around 0.98%, more 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%
XLY Consumer Discretionary Select Sector SPDR Fund	0.98%	0.79%	0.72%	0.78%	1.00%	0.53%	0.82%	1.28%	1.34%	1.20%	1.71%	1.43%

Frequently Asked Questions

Can I hold both XLY and FDIS in my portfolio?

With a correlation of 0.99, XLY 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.

Which is riskier, XLY or FDIS?

XLY has higher volatility (6.47%) compared to FDIS (6.33%). In terms of maximum drawdown, XLY dropped -59.05% vs FDIS's -39.16%.

Which ETF is better, XLY or FDIS?

On 10-year performance, FDIS leads with 13.99% vs 12.85% for XLY. On fees, FDIS is cheaper at 0.08% per year. On volatility, FDIS has been the lower-risk option at 6.33%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, XLY or FDIS?

Over the 10-year period, FDIS has performed better with a 13.99% return vs 12.85%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, XLY or FDIS?

FDIS is cheaper with a 0.08% expense ratio, compared with 0.13% for XLY.

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

XLY has the higher dividend yield at 0.98%, compared with 0.74% for FDIS.

What is the main difference between XLY and FDIS?

XLY tracks Consumer Discretionary Select Sector Index, while FDIS tracks MSCI USA IMI Consumer Discretionary 25/50 Index. They also come from different issuers: State Street and Fidelity. Their fees differ too: 0.13% for XLY and 0.08% for FDIS.

Which has better risk-adjusted returns?

FDIS currently has the higher Sharpe Ratio (0.60 vs 0.55), 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.