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Consumer services are undervalued versus historical averages and exhibit the highest quality score within the sector, while autos/components lag in both value and quality metrics. FDIS offers broader exposure, better value and slightly superior long-term returns compared to XLY, but has weaker trading volumes. Both FDIS and XLY carry high concentration risk in Amazon and Tesla, with the top 10 holdings comprising nearly 60% of FDIS.
Looking for broad exposure to the Consumer Discretionary - Broad segment of the equity market? You should consider the Fidelity MSCI Consumer Discretionary Index ETF (FDIS), a passively managed exchange traded fund launched on October 21, 2013.
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.