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ETFs

Fidelity MSCI Consumer Discretionary Index ETF

FDIS
$--
Today’s Change
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Snapshot
*

Inception Date
Oct 24 2013
Expense Ratio
0.08%
Type
US Equities
Fund Owner
Fidelity
Volume (1m avg. daily)
$5,187,353
AUM
$1,161,573,930
Associated Index
MSCI USA IMI Consumer Discretionary Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

AMZN
Amazon.com Inc.
22.14%
TSLA
Tesla Inc
15.15%
HD
Home Depot, Inc.
6.67%
MCD
McDonald`s Corp
4.32%
LOW
Lowe`s Cos., Inc.
2.73%
BKNG
Booking Holdings Inc
2.51%
NKE
Nike, Inc. - Ordinary Shares - Class B
2.44%
SBUX
Starbucks Corp.
2.34%
TJX
TJX Companies, Inc.
2.24%
MELI
MercadoLibre Inc
1.26%
Invest with FDIS

What is FDIS?

The ETF seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the MSCI USA IMI Consumer Discretionary Index.

ETFs related toFDIS

ETFs correlated to FDIS include VCR, XLY, IYC

FDIS
Fidelity Covington Trust - Fidelity MSCI Consumer Discretionary Index ETF
VCR
Vanguard Group, Inc. - Vanguard Consumer Discretionary ETF
XLY
SSgA Active Trust - Consumer Discretionary Select Sector SPDR
IYC
BlackRock Institutional Trust Company N.A. - iShares U.S. Consumer Discretionary ETF
CGGR
Capital Group Companies Inc - Capital Group Growth ETF
SFY
Tidal ETF Trust - SoFi Select 500 ETF
ARKQ
ARK Investment Management LLC - ARK Autonomous Technology & Robotics ETF
FBCG
Fidelity Covington Trust - Fidelity Blue Chip Growth ETF
GAUG
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - August
ESGV
Vanguard Group, Inc. - Vanguard ESG U.S. Stock ETF
JGRO
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan Active Growth ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toFDIS

#DSS

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Category

Grow Your Portfolio, Diversification

Risk Rating

Aggressive

#PTS

Pick the Trending Sector

Category

Grow Your Portfolio, Ride the Momentum

Risk Rating

Aggressive

Create your own algorithmic trading strategy with FDIS using Composer

FAQ

FDIS is a US Equities ETF. The ETF seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the MSCI USA IMI Consumer Discretionary Index.

FDIS tracks the MSCI USA IMI Consumer Discretionary Index.

No, FDIS is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, FDIS is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on FDIS is -0.0073%. This is the percent change in the value of FDIS over the most recent 1-month period. The 3-month return on FDIS is -0.0033%. This is the percent change in the value of FDIS over the most recent 3-month period.

The standard deviation of FDIS for the past year is 0.2366%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to FDIS include XLI, XLV, and XLE.

ETFs correlated to FDIS include VCR, XLY, and IYC.

ETFs that are inversely correlated to FDIS include HIBS, SQQQ, and QID.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.