FDIS vs IYC: Grades, Fees and Holdings Compared

Fidelity MSCI Consumer Discretionary Index ETF

FDISBNYSE Arca

iShares U.S. Consumer Discretionary ETF

IYCCNYSE Arca

Overlap

63.7%by weight

Expense ratio

FDIS −0.29pt a year

FDIS0.08%IYC0.37%

Avg volume · 30D

IYC 1.3×the volume

FDIS111KIYC145K

10Y return · a year

FDIS +1.9pt

FDIS+14.0%IYC+12.1%

FDIS vs IYC Performance

Nov 9, 2021 – Nov 9, 2026

+21.2%FDIS+26.9%IYC

Expense ratio: FDIS 0.08%, better; IYC 0.37%
Fund size: FDIS $1.63B; IYC $1.61B
1Y total return: FDIS +4.6%, better; IYC +4.3%
Yield (12M): FDIS 0.74%, better; IYC 0.50%
Holdings: FDIS 240; IYC 158
Avg volume (30D): FDIS 111K sh; IYC 145K sh, better
NAV per share: FDIS $104.76; IYC $103.31
52W range

ETF.net Grade

Pillar letters and Scores for FDIS, IYC, with each pillar’s weight
Pillar	FDIS	IYC
Cost30% weight	A96Higher	D29
Mission25% weight	Not scored	Not scored
Risk15% weight	C46	A72Higher
Tradability15% weight	B58	B60Higher
Holdings10% weight	C53	B58Higher
Durability5% weight	B56	A71Higher

Rank among Consumer Discretionary (Broad) funds

How we build Categories ›

Same Category. FDIS and IYC 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 IYC 8th 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 7CPSCDInvesco S&P SmallCap Consumer Discretionary ETFScore 51
Rank 8CIYCiShares U.S. Consumer Discretionary ETFScore 50
Rank 9CTRUDVanEck Consumer Discretionary TruSector ETFScore 49

Our read on each fund

ETF.net Research

FDISBFidelity MSCI Consumer Discretionary Index ETF

IYCCiShares U.S. Consumer Discretionary ETF

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.

IYC Consumer discretionary with the tent pitched wide: about 160 Russell 1000 names spanning retail, media and consumer services, with index caps that trim the giants daily. On the tape since June 2000, at 0.37%.

Stated mandate

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

IYC The fund seeks to track an index of U.S. equities in the consumer discretionary sector, providing diversified exposure to retail, media, and consumer services companies in the United States.

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.

IYC Breadth over a short list: about 160 stocks drawn from the Russell 1000, so mid-cap retailers and services names ride along with the mega-caps.ishares.com
The benchmark is a 40 Act capped build, trimming the heaviest weights on a daily basis so one runaway giant cannot quietly become the whole fund.lseg.com
The media aisle comes attached: retail, consumer services and media companies all sit under one ticker here.ishares.com
Listed in June 2000, so it has traded through the dot-com bust, 2008 and 2020, and it pays quarterly.

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.

IYC At 0.37% the fee sits near the category median, but the cheapest cap-weighted rivals undercut it hard: XLY at 0.08%, FDIS at 0.084%, VCR at 0.09%.
Caps trim the top names, they do not flatten them: a few giants still steer this sector, and the whole thing rides on consumer spending.
Moderately traded rather than a volume monster, so spreads can run wider than at the category's busiest tickers.

Full FDIS profile⁠

Full IYC profile⁠

FDIS vs IYC Holdings

How FDIS and IYC differ

Overlap by weight

63.7%

Shared holdings make up 83.9% of FDIS and 65.7% of IYC.

Level by level

Holdings98 in both63.7%
Sector8 Sectors71.7%
Countryby domicile98.5%
Asset classStocks100%

Sector

Sector weights in FDIS and IYC, widest gap first
Sector	Gap	FDIS	IYC
Consumer Discretionary	FDIS +28.1 points	96.6%	68.5%
Communication	IYC +12.5 points	0.0%	12.5%
Consumer Staples	IYC +11.4 points	1.0%	12.4%
Industrials	IYC +2.4 points	0.9%	3.3%
Technology	IYC +2.1 points	1.2%	3.3%
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 IYC, widest gap first
Country	Gap	FDIS	IYC
Brazil	FDIS +1.2 points	1.2%	0.0%
United States	IYC +0.9 points	97.8%	98.7%
Other countries (5)	IYC +0.2 points	1.1%	1.3%

Concentration

Weight in the 10 largest Holdings

FDIS57.5%
IYC50.3%

Securities held

FDIS239
IYC156

Asset class

FDIS: Stocks
IYC: Stocks

Holdings

Only in FDIS141
In both98
Only in IYC58

Only in FDIS

141 securities, 18.9% of FDIS by weight

Securities Lending Cf2.78%
Royal Caribbean Cruises Ltd1.32%
Mercadolibre Inc1.07%
Doordash Inc1.06%
Carnival Corp Ltd0.63%
Flutter Entertainment PLC0.24%
Abercrombie & Fitch Co Class A0.23%
Victoria's Secret & Co0.23%
Brinker International Inc0.22%
Mohawk Industries Inc0.22%
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%
Champion Homes Inc0.16%
State Street 60 Day Money Mark0.16%
Cavco Industries Inc0.16%
Academy Sports & Outdoors Inc0.15%
Urban Outfitters0.15%
Kohls Corp0.15%
Installed Building Prod Inc0.14%
Brunswick Corp0.14%
Gap Inc0.14%
Meritage Homes Corp0.14%
Marriott Vacations World0.14%
Kontoor Brands Inc0.14%
Harley-Davidson Inc0.13%
Onespaworld Holdings Ltd0.13%
Dorman Products Inc0.13%
Graham Holdings Co0.13%
Asbury Automotive Group Inc0.13%
American Eagle Outfitters Inc0.13%
Laureate Education Inc0.13%
Newell Brands Inc0.12%
Boot Barn Holdings Inc0.12%
Polaris Inc0.12%
M/I Homes Inc0.12%
Kb Home0.12%
Shake Shack Inc Class A0.11%
Capri Holdings Ltd0.11%
Covista Inc0.11%
Versigent Ltd0.11%
Steven Madden Ltd0.11%
Callaway Golf Company0.11%
Garrett Motion Inc0.11%
Figs Inc-Class A0.11%

Only in IYC

58 securities, 34.1% of IYC by weight

Walmart4.39%
Costco Wholesale Corp4.30%
Netflix3.87%
Walt Disney3.44%
Uber Technologies2.28%
Spotify Technology1.61%
Royal Caribbean Group1.39%
Target Corp1.22%
Delta Air Lines0.91%
Take Two Interactive Software0.67%
Carnival Corp Ltd0.64%
United Airlines Holdings0.62%
Roblox Class A0.53%
Dollar General Corp0.50%
Live Nation Entertainment0.48%
Estee Lauder Inc Class A0.46%
Copart Inc0.46%
Restaurants Brands International0.45%
Dollar Tree Inc0.43%
Omnicom Group Inc0.40%
Liberty Media Series C0.39%
Southwest Airlines0.35%
Coupang Class A0.34%
Rb Global0.29%
Viking Holdings Ltd0.26%
Bjs Wholesale Club Holdings0.24%
Fox Class A0.22%
Tko Group Holdings Inc Class A0.20%
Flutter Entertainment PLC0.20%
Rollins Inc0.19%
New York Times Class A0.17%
News Class A0.16%
American Airlines Group0.15%
On Holding AG Class A0.14%
Aptiv PLC0.14%
Norwegian Cruise Line Holdings0.14%
Fox Class B0.14%
Elf Beauty0.11%
Lyft Class A0.11%
Amer Sports Inc0.10%
Siriusxm Holdings0.10%
Nexstar Media Group Inc0.09%
Trade Desk Class A0.09%
Liberty Live Holdings Inc Series C0.09%
U Haul Non Voting Series N0.09%
Msg Knickerbockers Class A0.08%
Versant Media Group Inc Class A0.08%
Gap0.08%
Alaska Air Group Inc0.07%
News Class B0.06%

Weight gaps

All 98 Holdings in both funds, largest gap first.

Holding weights in FDIS and IYC, widest gap first
Holding	Gap	FDIS	IYC
Tesla IncTSLA	FDIS +7.69 points	15.01%	7.32%
Amazon.com IncAMZN	FDIS +7.49 points	22.33%	14.84%
Home Depot IncHD	FDIS +1.10 points	5.11%	4.01%
Mcdonalds CorpMCD	IYC +0.37 points	2.96%	3.33%
Tjx Companies Inc NewTJX	IYC +0.27 points	2.27%	2.54%
Lowes Cos IncLOW	IYC +0.22 points	1.91%	2.13%
Starbucks CorpSBUX	IYC +0.21 points	1.83%	2.04%
The Booking Holdings IncBKNG	IYC +0.20 points	1.91%	2.11%
Marriott International Inc AMAR	IYC +0.09 points	1.45%	1.54%
Crocs IncCROX	FDIS +0.09 points	0.21%	0.12%
Somnigroup International IncSGI	FDIS +0.09 points	0.33%	0.24%
Sharkninja IncSN	FDIS +0.08 points	0.40%	0.32%
Carvana Co Class ACVNA	IYC +0.08 points	0.78%	0.86%
Penske Automotive Group IncPAG	FDIS +0.08 points	0.14%	0.06%
Block H & R IncHRB	FDIS +0.08 points	0.19%	0.11%
Wayfair IncW	FDIS +0.08 points	0.28%	0.20%
Duolingo IncDUOL	FDIS +0.08 points	0.18%	0.10%
Ross Stores IncROST	IYC +0.08 points	1.16%	1.24%
Bath & Body Works IncBBWI	FDIS +0.08 points	0.15%	0.07%
Wingstop IncWING	FDIS +0.07 points	0.15%	0.07%
Etsy IncETSY	FDIS +0.08 points	0.22%	0.14%
Vail Resorts IncMTN	FDIS +0.08 points	0.17%	0.09%
Travel+leisure CoTNL	FDIS +0.08 points	0.15%	0.07%
Lithia Motors IncLAD	FDIS +0.07 points	0.18%	0.11%
Dillards Inc Class ADDS	FDIS +0.07 points	0.10%	0.03%
Floor & Decor Holding Inc Class AFND	FDIS +0.07 points	0.16%	0.09%
Planet Fitness Inc Class APLNT	FDIS +0.07 points	0.15%	0.08%
Pvh CorpPVH	FDIS +0.07 points	0.14%	0.07%
Best Buy Co IncBBY	FDIS +0.07 points	0.40%	0.33%
O'reilly Automotive IncORLY	IYC +0.07 points	1.17%	1.24%
Macys IncM	FDIS +0.07 points	0.17%	0.10%
Thor Industries IncTHO	FDIS +0.06 points	0.13%	0.07%
Columbia Sportswear CoCOLM	FDIS +0.06 points	0.09%	0.03%
Yeti Holdings IncYETI	FDIS +0.06 points	0.12%	0.06%
Autonation IncAN	FDIS +0.07 points	0.14%	0.07%
Ollies Bargain Outlet HoldingsOLLI	FDIS +0.07 points	0.16%	0.09%
Airbnb Inc Class AABNB	IYC +0.06 points	1.27%	1.33%
Chewy IncCHWY	FDIS +0.06 points	0.15%	0.09%
Choice Hotels Intl IncCHH	FDIS +0.06 points	0.12%	0.06%
Carmax IncKMX	FDIS +0.07 points	0.19%	0.12%
Valvoline IncVVV	FDIS +0.06 points	0.14%	0.08%
Boyd Gaming CorpBYD	FDIS +0.06 points	0.12%	0.06%
Autozone IncAZO	IYC +0.06 points	0.84%	0.90%
Mattel IncMAT	FDIS +0.05 points	0.13%	0.08%
Vf CorpVFC	FDIS +0.06 points	0.18%	0.12%
Churchill Downs IncCHDN	FDIS +0.05 points	0.16%	0.11%
Wyndham Hotels & Resorts IncWH	FDIS +0.05 points	0.15%	0.10%
Pool CorpPOOL	FDIS +0.05 points	0.18%	0.13%
Hilton Worldwide Holdings IncHLT	IYC +0.06 points	1.33%	1.39%
Hyatt Hotels Corp Class AH	FDIS +0.05 points	0.18%	0.13%
Ralph Lauren CorpRL	FDIS +0.05 points	0.28%	0.23%
Caesars Entertainment IncCZR	FDIS +0.05 points	0.15%	0.10%
Gamestop Corp Class AGME	FDIS +0.06 points	0.23%	0.17%
Toll Brothers IncTOL	FDIS +0.05 points	0.29%	0.24%
Ford Motor CoF	IYC +0.05 points	0.77%	0.82%
Genuine Parts CoGPC	FDIS +0.05 points	0.34%	0.29%
Gentex CorpGNTX	FDIS +0.05 points	0.12%	0.07%
Bright Horizons Family Sol IncBFAM	FDIS +0.05 points	0.10%	0.05%
Murphy Usa IncMUSA	FDIS +0.05 points	0.20%	0.15%
Five Below IncFIVE	FDIS +0.05 points	0.27%	0.22%
Lear Corp NewLEA	FDIS +0.05 points	0.14%	0.09%
Las Vegas Sands CorpLVS	FDIS +0.04 points	0.23%	0.19%
Grand Canyon Education IncLOPE	FDIS +0.05 points	0.10%	0.05%
Mgm Resorts InternationalMGM	FDIS +0.04 points	0.14%	0.10%
Whirlpool CorpWHR	FDIS +0.05 points	0.08%	0.03%
Rivian Automotive IncRIVN	FDIS +0.05 points	0.27%	0.22%
Service Corp International IncSCI	FDIS +0.04 points	0.21%	0.17%
Wynn Resorts LtdWYNN	FDIS +0.04 points	0.15%	0.11%
Lkq CorpLKQ	FDIS +0.04 points	0.13%	0.09%
Nvr IncNVR	FDIS +0.04 points	0.31%	0.27%
Texas Roadhouse IncTXRH	FDIS +0.04 points	0.25%	0.20%
Deckers Outdoor CorpDECK	FDIS +0.04 points	0.24%	0.20%
Williams-Sonoma IncWSM	FDIS +0.04 points	0.54%	0.50%
Nike Inc Class BNKE	IYC +0.04 points	0.73%	0.77%
Yum Brands IncYUM	IYC +0.04 points	0.72%	0.76%
Lululemon Athletica IncLULU	FDIS +0.04 points	0.22%	0.18%
General Motors CoGM	IYC +0.03 points	1.25%	1.28%
AramarkARMK	FDIS +0.04 points	0.27%	0.23%
Ebay IncEBAY	IYC +0.04 points	0.79%	0.83%
Hasbro IncHAS	FDIS +0.04 points	0.32%	0.28%
Lennar Corp Class ALEN	FDIS +0.03 points	0.33%	0.30%
Borgwarner IncBWA	FDIS +0.03 points	0.20%	0.17%
Garmin LtdGRMN	IYC +0.04 points	0.76%	0.80%
Dutch Bros IncBROS	FDIS +0.03 points	0.10%	0.07%
Tractor Supply Co.TSCO	FDIS +0.04 points	0.36%	0.32%
Quantumscape Corp AQS	FDIS +0.03 points	0.07%	0.04%
Ulta Beauty IncULTA	FDIS +0.03 points	0.50%	0.47%
Dominos Pizza IncDPZ	FDIS +0.03 points	0.22%	0.19%
Pultegroup IncPHM	FDIS +0.03 points	0.45%	0.42%
Cava Group IncCAVA	FDIS +0.03 points	0.13%	0.10%
Dicks Sporting Goods IncDKS	FDIS +0.02 points	0.17%	0.15%
Burlington Stores IncBURL	FDIS +0.02 points	0.28%	0.26%
Draftkings Holdings IncDKNG	FDIS +0.02 points	0.17%	0.15%
Darden Restaurants IncDRI	FDIS +0.01 points	0.45%	0.44%
Expedia IncEXPE	FDIS +0.02 points	0.52%	0.50%
Dr Horton IncDHI	FDIS +0.01 points	0.65%	0.64%
Chipotle Mexican Grill IncCMG	IYC +0.01 points	0.73%	0.74%
Tapestry IncTPR	Same weight	0.46%	0.46%

All 274 FDIS holdings⁠All 156 IYC 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 IYC Cost

Overpaying IYC vs FDIS

$5,740

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

FDIS 0.084%
$1,773
IYC 0.37%
$7,513

Amount$10,000

Years30 years

Cost over time

FDIS 0.084%
IYC 0.37%
Overpaying

Year by year

Year	FDIS	IYC	Overpaying
10	$154	$670	$516
20	$603	$2,590	$1,987
30	$1,773	$7,513	$5,740

Expense ratio

0.08%FDIS, cheaper
0.37%IYC

FDIS0.08%IYC0.37%

0.08%0.60%

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

FDIS 2nd cheapest of 14 funds

IYC 9th cheapest of 14 funds

FDIS vs IYC Dividends

Last 12 months to Nov 9, 2026

Yield (12M): FDIS 0.74%, better; IYC 0.50%
Payout (12M): FDIS $0.78; IYC $0.53
Last payment: FDIS $0.20; IYC $0.15
Ex-dividend: FDIS Sep 18, 2026; IYC Sep 15, 2026
Paid on: FDIS Sep 22, 2026; IYC Sep 18, 2026
Frequency: FDIS Quarterly; IYC Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

FDISQuarterly · 39 paymentsAll FDIS payments⁠

IYCQuarterly · 39 paymentsAll IYC payments⁠

FDIS vs IYC Risk

Fall from peak · 5 years

FDIS
IYC

Risk facts

VolatilityStd dev, 3 years: FDIS 18.2%IYC 15.6%, better
Return per unit of riskSharpe ratio, 3 years: FDIS 0.65IYC 0.77, better
Worst fallMax drawdown, 5 years: FDIS −39.2%IYC −35.5%, better
Market sensitivityBeta, 5 years: FDIS 1.24IYC 1.03; Market = 1

FDIS and IYC in the news

All news⁠

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

Popular comparisons

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FDIS vs IYC

In short

Stated mandate

Why people hold it

Worth knowing

How FDIS and IYC differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in FDIS

Only in IYC

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 IYC differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in FDIS

Only in IYC

Weight gaps