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Fidelity MSCI Consumer Discretionary Index ETF
FDISFinancial ServicesAMEXUS
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Identical costs mask key differences in portfolio size, top holdings, and risk profiles for these two consumer sector ETFs.
Consumer services is the most compelling consumer discretionary subsector, showing significant undervaluation and excellent quality versus 11-year historical baselines. FDIS offers broad exposure to the sector with 249 stocks and is cheaper than XLY on valuation metrics, but both funds are highly concentrated in Amazon and Tesla. FDIS and XLY have near-identical risk-adjusted performance and expense ratios; XLY's higher liquidity favors traders, while FDIS suits long-term investors seeking value.
Consumer discretionary names live or die on whether households feel comfortable opening their wallets, and right now those signals are flashing in opposite directions.
Fidelity MSCI Consumer Discretionary Index ETF (NYSEARCA:FDIS - Get Free Report) was the target of a large growth in short interest during the month of April. As of April 15th, there was short interest totaling 94,564 shares, a growth of 91.5% from the March 31st total of 49,381 shares. Based on an average daily trading
TSLA slides despite a Q1 earnings beat as a $5B capex hike tied to AI and Robotaxi ambitions rattles sentiment, pushing investors toward ETF consideration.
Assetmark Inc. boosted its stake in Fidelity MSCI Consumer Discretionary Index ETF (NYSEARCA:FDIS) by 43.2% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 212,089 shares of the company's stock after buying an additional 64,014 shares during the quarter. Assetmark Inc.
Launched on October 21, 2013, the Fidelity MSCI Consumer Discretionary Index ETF (FDIS) is a passively managed exchange traded fund designed to provide a broad exposure to the Consumer Discretionary - Broad segment of the equity market.
