FDIS vs IVV
Fidelity MSCI Consumer Discretionary Index ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | FDIS | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.08% | 0.03% | |
| AUM | $1.7B | $865.2B | |
| Dividend Yield | 0.72% | 1.09% | |
| Holdings | 249 | 508 | |
| YTD Return | +2.37% | +14.50% | |
| 1Y Return | +5.14% | +22.02% | |
| 3Y Return (annualized) | +12.60% | +21.80% | |
| 5Y Return (annualized) | +5.61% | +13.37% | |
| Volatility (annualized) | 19.7% | 15.1% | |
| Max Drawdown | -39.2% | -56.5% | |
| Fund Family | Fidelity Investments (US) | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | Oct 21, 2013 | May 15, 2000 |
FDIS vs IVV Performance
Fidelity MSCI Consumer Discretionary Index ETF (FDIS) is a ETF from Fidelity Investments (US) and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year FDIS returned +5.14% while IVV returned +22.02%. Year to date, FDIS is up 2.37% versus a gain of 14.50% for IVV.
Over three years, FDIS compounded at +12.60% per year against +21.80% for IVV; over five years the annualized figures are +5.61% and +13.37% respectively. Across the full 13-year window we track, FDIS has the edge at +11.97% annualized vs +7.07%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FDIS has been the more volatile fund, with annualized monthly volatility of 19.7% compared with 15.1% for IVV. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -39.2% for FDIS and -56.5% for IVV. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.90. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
FDIS charges 0.08% per year while IVV charges 0.03%. On a $10,000 position that is $8 vs $3 annually, a gap of $5 per year that compounds over a long holding period. On income, FDIS currently yields 0.72% against 1.09% for IVV.
Holdings Overlap
FDIS and IVV share 45 holdings out of 699 unique holdings combined, representing a 9.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, FDIS or IVV?
FDIS has an expense ratio of 0.08% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $5 per year of difference.
Which performed better, FDIS or IVV?
Over the past year FDIS returned +5.14% vs +22.02% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (13 years), FDIS annualized +11.97% vs +7.07% for IVV. Past performance does not guarantee future results.
Which is riskier, FDIS or IVV?
FDIS has been the more volatile fund at 19.7% annualized versus 15.1% for IVV. Worst drawdown: FDIS -39.2% vs IVV -56.5%.
Should I hold both FDIS and IVV?
FDIS and IVV have a monthly-return correlation of 0.90, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between FDIS and IVV?
FDIS and IVV share 45 common holdings with a 9.0% weight overlap. Combined, they hold 699 unique securities.
Which pays a higher dividend, FDIS or IVV?
FDIS yields 0.72% while IVV yields 1.09%, so IVV currently pays the higher dividend yield.
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