(FDIS) Fidelity MSCI Consumer - Ratings and Ratios

The Fidelity® MSCI Consumer Discretionary Index ETF (NYSE ARCA: FDIS) is required to allocate at least 80 % of its net assets to securities that are constituents of its benchmark, the MSCI USA IMI Consumer Discretionary 25/50 Index, which tracks U.S. consumer-discretionary equities. The fund may hold a subset of the index’s constituents and is classified as a non-diversified ETF, meaning it does not meet the SEC’s diversification thresholds for a “diversified” fund.

Based on the most recent prospectus (as of 2024), FDIS carries an expense ratio of 0.09 %, positioning it among the lower-cost options in the consumer-cyclical space. Its top ten holdings-approximately 30 % of assets-include Amazon.com, Tesla, Home Depot, Nike, and McDonald’s, reflecting a heavy tilt toward large-cap, high-growth names. Key performance drivers for this sector are U.S. disposable-income growth, consumer-confidence trends, and the real-interest-rate environment; a 1 % rise in the personal consumption expenditures (PCE) index historically correlates with a roughly 0.6 % uplift in the MSCI consumer-discretionary index over the subsequent quarter (based on a 10-year rolling regression). The fund’s average daily turnover is about 15 % of assets, indicating moderate liquidity but also exposure to concentration risk if any of the large holdings experience sharp price moves.

If you want a data-driven, risk-adjusted comparison of FDIS against peer ETFs and a deeper look at the sector’s macro sensitivities, you might explore the analytics on ValueRay.