FDIS vs FXD: Grades, Fees and Holdings Compared

Fidelity MSCI Consumer Discretionary Index ETF

FDISBNYSE Arca

First Trust Consumer Discretionary AlphaDEX Fund

FXDDNYSE Arca

Overlap

23.3%by weight

Expense ratio

FDIS −0.52pt a year

FDIS0.08%FXD0.60%

Avg volume · 30D

FDIS 10.2×the volume

FDIS111KFXD10.9K

10Y return · a year

FDIS +5.3pt

FDIS+14.0%FXD+8.7%

FDIS vs FXD Performance

Nov 9, 2021 – Nov 9, 2026

+21.2%FDIS+16.8%FXD

Expense ratio: FDIS 0.08%, better; FXD 0.60%
Fund size: FDIS $1.63B; FXD $267M
1Y total return: FDIS +4.6%; FXD +10.6%, better
Yield (12M): FDIS 0.74%, better; FXD 0.66%
Holdings: FDIS 240; FXD 111
Avg volume (30D): FDIS 111K sh, better; FXD 10.9K sh
NAV per share: FDIS $104.76; FXD $70.33
52W range

ETF.net Grade

Pillar letters and Scores for FDIS, FXD, with each pillar’s weight
Pillar	FDIS	FXD
Cost30% weight	A96Higher	F4
Mission25% weight	Not scored	Not scored
Risk15% weight	C46	C54Higher
Tradability15% weight	B58Higher	D30
Holdings10% weight	C53	A90Higher
Durability5% weight	B56Higher	C52

Rank among Consumer Discretionary (Broad) funds

How we build Categories ›

Same Category. FDIS and FXD are both graded against the same 14 Consumer Discretionary (Broad) funds, so their Grades compare head to head.

Consumer Discretionary (Broad)⁠

Category · 14 funds

See all 14 ›

FDIS ranks 2nd and FXD 13th of 14 funds in the Consumer Discretionary (Broad) Category.

Rank 1AXLYState Street Consumer Discretionary Select Sector SPDR ETFScore 80
Rank 2BFDISFidelity MSCI Consumer Discretionary Index ETFScore 70
Rank 3BXRTState Street SPDR S&P Retail ETFScore 66
Rank 12DITBiShares U.S. Home Construction ETFScore 35
Rank 13DFXDFirst Trust Consumer Discretionary AlphaDEX FundScore 33
Rank 14DPEZInvesco Dorsey Wright Consumer Cyclicals Momentum ETFScore 25

Our read on each fund

ETF.net Research

FDISBFidelity MSCI Consumer Discretionary Index ETF

FXDDFirst Trust Consumer Discretionary AlphaDEX Fund

In short

FDIS Cheap and wide. FDIS holds about 300 US consumer discretionary stocks rather than the sector's mega-cap handful, and charges 0.08% while the typical fund in its peer group asks roughly four times that.

FXD Most consumer discretionary ETFs buy the sector as it comes. FXD screens it first: First Trust's AlphaDEX rules rank names on growth and value metrics, landing on roughly 120 holdings. A rules-based stock picker in index clothing, running since 2007.

Stated mandate

FDIS The fund seeks to track, before fees and expenses, the performance of the MSCI USA IMI Consumer Discretionary 25/50 Index.

FXD The Fund seeks investment results that generally track the price and yield performance of the StrataQuant® Consumer Discretionary Index before fees and expenses.

Why people hold it

FDIS 0.08% a year, level with the cheapest large fund in the group (XLY) and a fraction of the roughly 0.35% cohort median.
About 300 holdings: the MSCI USA IMI Consumer Discretionary 25/50 Index reaches past the mega caps into mid and small caps.
Tracks that index closely, one of the stronger implementations among the 17 funds in its consumer discretionary group.
A multi-billion-dollar fund from Fidelity, trading since 2013, that pays distributions quarterly.

FXD The AlphaDEX screen ranks consumer names on growth and value metrics instead of just size, so the lineup can look very different from the plain sector index.ftportfolios.com
Roughly 120 holdings spread the bet across retailers, restaurants, homebuilders and autos rather than parking most of the money in a couple of megacaps.
It does what the label says: close tracking of the StrataQuant Consumer Discretionary Index, with no style drift away from US consumer discretionary equity.
Live since 2007, so the methodology has run through housing busts, retail shakeouts and a pandemic rather than being a recent backtest.

Worth knowing

FDIS One sector, and a cyclical one. Returns ride on how freely US households spend, so the ride is bumpier than a total-market fund's.
The 25/50 rules cap how large any single position gets, but this is still a concentrated slice of the US market.
Moderately traded rather than the category's busiest ticker. Limit orders are the sensible habit, especially in size.

FXD The screen carries a toll: 0.60% a year, against a peer-group median of 0.35% and cap-weighted rivals like XLY, FDIS and VCR charging under a tenth of a percent.
Volume is thin next to the sector's giants, so bid-ask spreads matter more at the moment you trade.
Screened weights are a different bet from the headline sector: results can diverge from plain cap-weighted consumer discretionary exposure in either direction.

Full FDIS profile⁠

Full FXD profile⁠

FDIS vs FXD Holdings

How FDIS and FXD differ

Overlap by weight

23.3%

Shared holdings make up 66.0% of FXD and 60.6% of FDIS.

Level by level

Holdings73 in both23.3%
Sector8 Sectors74.8%
Countryby domicile98.0%
Asset classStocks100%

Sector

Sector weights in FDIS and FXD, widest gap first
Sector	Gap	FDIS	FXD
Consumer Discretionary	FDIS +24.9 points	96.6%	71.7%
Communication	FXD +10.3 points	0.0%	10.3%
Industrials	FXD +7.2 points	0.9%	8.1%
Consumer Staples	FXD +5.4 points	1.0%	6.3%
Technology	FXD +2.4 points	1.2%	3.6%
Health Care	FDIS +0.1 points	0.1%	0.0%
Real Estate	FDIS +0.1 points	0.1%	0.0%
Financials	Same weight	0.0%	0.0%

Country, concentration and asset class

Country by domicile

Country weights in FDIS and FXD, widest gap first
Country	Gap	FDIS	FXD
Brazil	FDIS +1.2 points	1.2%	0.0%
United States	FXD +0.7 points	97.8%	98.5%
Finland	FXD +0.6 points	0.0%	0.6%
Canada	FXD +0.6 points	0.0%	0.6%
Switzerland	FDIS +0.5 points	0.8%	0.3%
Other countries (2)	FDIS +0.2 points	0.2%	0.0%

Concentration

Weight in the 10 largest Holdings

FDIS57.5%
FXD16.4%

Securities held

FDIS239
FXD110

Asset class

FDIS: Stocks
FXD: Stocks

Holdings

Only in FDIS166
In both73
Only in FXD37

Only in FDIS

166 securities, 42.2% of FDIS by weight

Tesla Inc15.01%
Securities Lending Cf2.78%
The Booking Holdings Inc1.91%
Royal Caribbean Cruises Ltd1.32%
O'reilly Automotive Inc1.17%
Mercadolibre Inc1.07%
Doordash Inc1.06%
Ford Motor Co0.77%
Chipotle Mexican Grill Inc0.73%
Carnival Corp Ltd0.63%
Tapestry Inc0.46%
Genuine Parts Co0.34%
Wayfair Inc0.28%
Aramark0.27%
Flutter Entertainment PLC0.24%
Abercrombie & Fitch Co Class A0.23%
Las Vegas Sands Corp0.23%
Victoria's Secret & Co0.23%
Brinker International Inc0.22%
Mohawk Industries Inc0.22%
Service Corp International Inc0.21%
Frontdoor Inc0.20%
Norwegian Cruise Line Hlgs Ltd0.20%
Life Time Group Holdings Inc0.19%
Autoliv Inc0.19%
Adt Inc0.18%
Aptiv PLC0.17%
Cheesecake Factory Inc0.17%
Signet Jewelers Ltd (Us)0.17%
Draftkings Holdings Inc0.17%
Champion Homes Inc0.16%
State Street 60 Day Money Mark0.16%
Cavco Industries Inc0.16%
Academy Sports & Outdoors Inc0.15%
Caesars Entertainment Inc0.15%
Wyndham Hotels & Resorts Inc0.15%
Wingstop Inc0.15%
Wynn Resorts Ltd0.15%
Urban Outfitters0.15%
Chewy Inc0.15%
Kohls Corp0.15%
Planet Fitness Inc Class A0.15%
Travel+leisure Co0.15%
Installed Building Prod Inc0.14%
Brunswick Corp0.14%
Gap Inc0.14%
Meritage Homes Corp0.14%
Marriott Vacations World0.14%
Kontoor Brands Inc0.14%
Valvoline Inc0.14%

Only in FXD

37 securities, 33.9% of FXD by weight

Sirius XM Holdings Inc.1.73%
Carnival Corporation Ltd.1.66%
Lyft, Inc. (Class A)1.57%
Versant Media Group, Inc. (Class A)1.47%
Delta Air Lines, Inc.1.44%
The Estee Lauder Companies Inc.1.31%
The Gap, Inc.1.30%
Copart, Inc.1.29%
Birkenstock Holding Plc1.27%
Fox Corporation (Class A)1.17%
The Trade Desk, Inc. (Class A)1.17%
MSG Knickerbockers Corp. (Class A)1.13%
United Airlines Holdings, Inc.1.12%
Aptiv Plc1.01%
Norwegian Cruise Line Holdings Ltd.1.01%
Dollar Tree, Inc.0.95%
Dollar General Corporation0.93%
The Walt Disney Company0.92%
Southwest Airlines Co.0.88%
Live Nation Entertainment, Inc.0.86%
Target Corporation0.84%
Alaska Air Group, Inc.0.83%
Uber Technologies, Inc.0.83%
American Airlines Group Inc.0.82%
U-Haul Holding Co. (Series N)0.78%
Royal Caribbean Cruises Ltd.0.68%
BJ's Wholesale Club Holdings, Inc.0.66%
Nexstar Media Group, Inc.0.65%
Amer Sports, Inc.0.64%
Restaurant Brands International Inc.0.60%
News Corporation (Class A)0.51%
Spotify Technology S.A.0.34%
Costco Wholesale Corporation0.32%
RB Global Inc.0.32%
Viking Holdings Ltd0.31%
Flutter Entertainment Plc0.30%
The New York Times Company (Class A)0.30%

Weight gaps

All 73 Holdings in both funds, largest gap first.

Holding weights in FDIS and FXD, widest gap first
Holding	Gap	FDIS	FXD
Amazon.com IncAMZN	FDIS +21.18 points	22.33%	1.15%
Home Depot IncHD	FDIS +4.78 points	5.11%	0.33%
Mcdonalds CorpMCD	FDIS +2.63 points	2.96%	0.33%
Tjx Companies Inc NewTJX	FDIS +1.99 points	2.27%	0.28%
Crocs IncCROX	FXD +1.57 points	0.21%	1.78%
Lowes Cos IncLOW	FDIS +1.57 points	1.91%	0.34%
Mattel IncMAT	FXD +1.54 points	0.13%	1.67%
Starbucks CorpSBUX	FDIS +1.52 points	1.83%	0.31%
Boyd Gaming CorpBYD	FXD +1.47 points	0.12%	1.59%
Lululemon Athletica IncLULU	FXD +1.37 points	0.22%	1.59%
Sharkninja IncSN	FXD +1.31 points	0.40%	1.71%
Whirlpool CorpWHR	FXD +1.29 points	0.08%	1.37%
Deckers Outdoor CorpDECK	FXD +1.29 points	0.24%	1.53%
Lithia Motors IncLAD	FXD +1.28 points	0.18%	1.46%
Toll Brothers IncTOL	FXD +1.27 points	0.29%	1.56%
Columbia Sportswear CoCOLM	FXD +1.26 points	0.09%	1.35%
Five Below IncFIVE	FXD +1.24 points	0.27%	1.51%
Macys IncM	FXD +1.23 points	0.17%	1.40%
Thor Industries IncTHO	FXD +1.16 points	0.13%	1.29%
Autonation IncAN	FXD +1.15 points	0.14%	1.29%
Lear Corp NewLEA	FXD +1.15 points	0.14%	1.29%
Gentex CorpGNTX	FXD +1.14 points	0.12%	1.26%
Pultegroup IncPHM	FXD +1.12 points	0.45%	1.57%
Lkq CorpLKQ	FXD +1.08 points	0.13%	1.21%
Hilton Worldwide Holdings IncHLT	FDIS +1.01 points	1.33%	0.32%
Dicks Sporting Goods IncDKS	FXD +0.99 points	0.17%	1.16%
Bath & Body Works IncBBWI	FXD +0.96 points	0.15%	1.11%
Murphy Usa IncMUSA	FXD +0.94 points	0.20%	1.14%
Churchill Downs IncCHDN	FXD +0.91 points	0.16%	1.07%
Gamestop Corp Class AGME	FXD +0.89 points	0.23%	1.12%
Dillards Inc Class ADDS	FXD +0.89 points	0.10%	0.99%
Dr Horton IncDHI	FXD +0.89 points	0.65%	1.54%
Block H & R IncHRB	FXD +0.88 points	0.19%	1.07%
Lennar Corp Class ALEN	FXD +0.87 points	0.33%	1.20%
Hasbro IncHAS	FXD +0.80 points	0.32%	1.12%
Ulta Beauty IncULTA	FXD +0.80 points	0.50%	1.30%
Marriott International Inc AMAR	FDIS +0.80 points	1.45%	0.65%
Yeti Holdings IncYETI	FXD +0.79 points	0.12%	0.91%
Floor & Decor Holding Inc Class AFND	FXD +0.77 points	0.16%	0.93%
Duolingo IncDUOL	FXD +0.75 points	0.18%	0.93%
Ollies Bargain Outlet HoldingsOLLI	FXD +0.71 points	0.16%	0.87%
Vf CorpVFC	FXD +0.62 points	0.18%	0.80%
Expedia IncEXPE	FXD +0.57 points	0.52%	1.09%
Pool CorpPOOL	FXD +0.54 points	0.18%	0.72%
Nvr IncNVR	FXD +0.54 points	0.31%	0.85%
Best Buy Co IncBBY	FXD +0.53 points	0.40%	0.93%
Autozone IncAZO	FDIS +0.53 points	0.84%	0.31%
Garmin LtdGRMN	FDIS +0.49 points	0.76%	0.27%
Etsy IncETSY	FXD +0.47 points	0.22%	0.69%
Penske Automotive Group IncPAG	FXD +0.44 points	0.14%	0.58%
Mgm Resorts InternationalMGM	FXD +0.43 points	0.14%	0.57%
Yum Brands IncYUM	FDIS +0.39 points	0.72%	0.33%
Bright Horizons Family Sol IncBFAM	FXD +0.36 points	0.10%	0.46%
Grand Canyon Education IncLOPE	FXD +0.33 points	0.10%	0.43%
Carmax IncKMX	FXD +0.33 points	0.19%	0.52%
Ralph Lauren CorpRL	FXD +0.30 points	0.28%	0.58%
Tractor Supply Co.TSCO	FXD +0.28 points	0.36%	0.64%
Borgwarner IncBWA	FXD +0.25 points	0.20%	0.45%
Darden Restaurants IncDRI	FXD +0.20 points	0.45%	0.65%
Ebay IncEBAY	FXD +0.16 points	0.79%	0.95%
Vail Resorts IncMTN	FXD +0.15 points	0.17%	0.32%
Hyatt Hotels Corp Class AH	FXD +0.14 points	0.18%	0.32%
Carvana Co Class ACVNA	FDIS +0.13 points	0.78%	0.65%
Nike Inc Class BNKE	FDIS +0.13 points	0.73%	0.60%
Dominos Pizza IncDPZ	FXD +0.09 points	0.22%	0.31%
Texas Roadhouse IncTXRH	FXD +0.07 points	0.25%	0.32%
Williams-Sonoma IncWSM	FXD +0.07 points	0.54%	0.61%
Ross Stores IncROST	FDIS +0.07 points	1.16%	1.09%
Somnigroup International IncSGI	FDIS +0.05 points	0.33%	0.28%
Airbnb Inc Class AABNB	FXD +0.03 points	1.27%	1.30%
Burlington Stores IncBURL	FDIS +0.03 points	0.28%	0.25%
Rivian Automotive IncRIVN	FDIS +0.02 points	0.27%	0.25%
General Motors CoGM	FDIS +0.02 points	1.25%	1.23%

All 274 FDIS holdings⁠All 110 FXD holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

FDIS vs FXD Cost

Overpaying FXD vs FDIS

$10,044

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

FDIS 0.084%
$1,773
FXD 0.60%
$11,817

Amount$10,000

Years30 years

Cost over time

FDIS 0.084%
FXD 0.60%
Overpaying

Year by year

Year	FDIS	FXD	Overpaying
10	$154	$1,076	$922
20	$603	$4,116	$3,513
30	$1,773	$11,817	$10,044

Expense ratio

0.08%FDIS, cheaper
0.60%FXD

FDIS0.08%FXD0.60%

0.08%0.60%

Middle half of Consumer Discretionary (Broad) funds
Median 0.35%

FDIS 2nd cheapest of 14 funds

FXD 13th cheapest of 14 funds

FDIS vs FXD Dividends

Last 12 months to Nov 9, 2026

Yield (12M): FDIS 0.74%, better; FXD 0.66%
Payout (12M): FDIS $0.78; FXD $0.48
Last payment: FDIS $0.20; FXD $0.14
Ex-dividend: FDIS Sep 18, 2026; FXD Sep 24, 2026
Paid on: FDIS Sep 22, 2026; FXD Sep 30, 2026
Frequency: FDIS Quarterly; FXD Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

FDISQuarterly · 39 paymentsAll FDIS payments⁠

FXDQuarterly · 39 paymentsAll FXD payments⁠

FDIS vs FXD Risk

Fall from peak · 5 years

FDIS
FXD

Risk facts

VolatilityStd dev, 3 years: FDIS 18.2%FXD 17.9%, better
Return per unit of riskSharpe ratio, 3 years: FDIS 0.65, betterFXD 0.56
Worst fallMax drawdown, 5 years: FDIS −39.2%FXD −33.7%, better
Market sensitivityBeta, 5 years: FDIS 1.24FXD 1.13; Market = 1

FDIS and FXD in the news

All news⁠

Deep Dive
Amazon and Tesla are 41.6% of consumer discretionary ETF XLY
Oct 28, 2026FDISFXD

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FDIS vs FXD

In short

Stated mandate

Why people hold it

Worth knowing

How FDIS and FXD differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in FDIS

Only in FXD

Weight gaps

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

Amazon and Tesla are 41.6% of consumer discretionary ETF XLY

How FDIS and FXD differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in FDIS

Only in FXD

Weight gaps