FDIS vs SPY
Fidelity MSCI Consumer Discretionary Index ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
FDIS has a lower expense ratio. SPY delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | FDIS | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.08% | 0.09% | |
| AUM | $1.7B | $789.1B | |
| Dividend Yield | 0.72% | 1.01% | |
| Holdings | 249 | 505 | |
| YTD Return | +2.95% | +13.39% | |
| 1Y Return | +8.75% | +22.52% | |
| 3Y Return (annualized) | +12.84% | +21.36% | |
| 5Y Return (annualized) | +5.63% | +13.19% | |
| Volatility (annualized) | 19.7% | 15.3% | |
| Max Drawdown | -39.2% | -56.5% | |
| Fund Family | Fidelity Investments (US) | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Oct 21, 2013 | Jan 22, 1993 |
FDIS vs SPY Performance
Fidelity MSCI Consumer Discretionary Index ETF (FDIS) is a ETF from Fidelity Investments (US) and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year FDIS returned +8.75% while SPY returned +22.52%. Year to date, FDIS is up 2.95% versus a gain of 13.39% for SPY.
Over three years, FDIS compounded at +12.84% per year against +21.36% for SPY; over five years the annualized figures are +5.63% and +13.19% respectively. Across the full 13-year window we track, FDIS has the edge at +12.03% annualized vs +8.84%. 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 15.3% for SPY. 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 SPY. 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 SPY charges 0.09%. On a $10,000 position that is $8 vs $9 annually, a gap of $1 per year that compounds over a long holding period. On income, FDIS currently yields 0.72% against 1.01% for SPY.
Holdings Overlap
FDIS and SPY share 46 holdings out of 696 unique holdings combined, representing a 9.3% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, FDIS or SPY?
FDIS has an expense ratio of 0.08% while SPY charges 0.09%. FDIS is the cheaper option. On a $10,000 investment, that is $1 per year of difference.
Which performed better, FDIS or SPY?
Over the past year FDIS returned +8.75% vs +22.52% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (13 years), FDIS annualized +12.03% vs +8.84% for SPY. Past performance does not guarantee future results.
Which is riskier, FDIS or SPY?
FDIS has been the more volatile fund at 19.7% annualized versus 15.3% for SPY. Worst drawdown: FDIS -39.2% vs SPY -56.5%.
Should I hold both FDIS and SPY?
FDIS and SPY 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 SPY?
FDIS and SPY share 46 common holdings with a 9.3% weight overlap. Combined, they hold 696 unique securities.
Which pays a higher dividend, FDIS or SPY?
FDIS yields 0.72% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.
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