Data as of Oct 28, 2026.
FDIS vs IYC: Differences, Returns & Fees
Over the year to Oct 28, 2026, FDIS returned −2.4% to IYC's −4.1%; 54% of their weight is in the same names.
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Net assets: $1.6bn on Sep 30, 2026 for Fidelity MSCI Consumer Discretionary Index ETF, and $1.2bn on Oct 27, 2026 for iShares U.S. Consumer Discretionary ETF.
Pair scorecard
FDIS costs 0.29 points a year less; their one-year returns differ by 1.7 points; FDIS is 1.3 times larger.
| Measure | FDIS | IYC |
|---|---|---|
| Return | ||
| Total return, 1 year | −2.4% | −4.1% |
| Drawdown | ||
| Below its high | 5.9%, high on Jan 9, 2026 | 6.9%, high on Jan 13, 2026 |
| Benchmark | ||
| What it tracks | MSCI USA IMI Consumer Discretionary 25/50 Index | Russell 1000 Consumer Discretionary 40 Act 15/22 |
| Cost and size | ||
| Expense ratio | 0.08% | 0.37% |
| Net assets, as of Sep 30, 2026 | $1.6bn | $1.2bn |
| Holdings | ||
| Holdings in common | 54% | |
| Top ten holdings, share of the fund | 54.8% | 50.7% |
Holdings in common uses holdings dated Jul 31, 2026 and Oct 27, 2026. Method
Risk and return
Nov 1, 2013 to Oct 23, 2026 · 677 weekly returnsEach against its own benchmark: FDIS against VCR, Nov 1, 2013 to Oct 23, 2026; IYC against IWB, Jul 7, 2000 to Oct 23, 2026.
FDIS returned more: +337.9% to +278.2%. IYC swung less: 18.3% to 20.4%. IYC fell slightly less at its worst: −35.2% to −37.8%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | FDIS | IYC | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +337.9% | +278.2% | FDIS | Price change plus distributions, reinvested. |
| Annualized | +12.0% | +10.8% | FDIS | Total return as a yearly rate. |
| Price return | +283.7% | +241.7% | FDIS | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 20.4% | 18.3% | IYC | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 13.7% | 12.6% | IYC (slight) | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −37.8% | −35.2% | IYC (slight) | Deepest fall from a high to the low after it. |
| Upside capture | 98.4% | 99.7% | Share of its benchmark's rise caught in the weeks it rose. | |
| Downside capture | 99.2% | 100.2% | Share of its benchmark's fall taken in the weeks it fell. Lower is better. | |
| Beta | 0.98 | 1.00 | Not an edge | How far it moves for each 1% its benchmark moves. |
| R squared | 0.99 | 0.83 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | ||||
| Sharpe | 0.56 | 0.54 | FDIS (slight) | Return above Treasury bills per unit of volatility. |
| Sortino | 0.84 | 0.79 | FDIS (slight) | Return above Treasury bills per unit of downside deviation. |
| Treynor | 0.117 | 0.079 | Return above Treasury bills per unit of beta. | |
| Calmar | 0.32 | 0.31 | FDIS (slight) | Annualized return divided by the max drawdown. |
| Against the benchmark | ||||
| Benchmark | VCR | IWB | The ETF each fund is measured against. | |
| Alpha | +0.3% a year | +0.1% a year | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | 0.47 | 0.05 | Not an edge | How sure the alpha is. Below 2, it could be chance. |
| Alpha range | −0.9% to +1.5% | −3.0% to +3.1% | Includes zero | The 95% range for the yearly alpha. |
| Information ratio | 0.05 | 0.01 | Return against its benchmark per unit of tracking error. | |
| Tracking error | 2.2% | 7.9% | Not an edge | How far weekly returns stray from the benchmark, annualized. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 677 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, FDIS and IYC hold 54% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026 and Oct 27, 2026.
half
54% in common
Only in one fund ↓
Side by side
FDIS and IYC on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
FDIS and IYC are built for the same job. How do they differ in cost, holdings and results?
- What each follows. FDIS follows MSCI USA IMI Consumer Discretionary 25/50 Index and IYC follows Russell 1000 Consumer Discretionary 40 Act 15/22.
- Cost. FDIS charges 0.08% of assets a year and IYC 0.37%, a gap of 0.29 points.
- Holdings in common (similar). 54% of the weight is in the same securities (holdings dated Jul 31, 2026 and Oct 27, 2026).
Data as of Oct 28, 2026.
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FDIS
FDIS tracks an index. Over the year to Oct 28, 2026 it returned −2.4% with distributions reinvested, against −2.5% for its benchmark, the MSCI USA IMI Consumer Discretionary 25/50 Index. The prospectus expense ratio is 0.08% a year. By its holdings filed for Jul 31, 2026, 76% of the fund by weight is stocks the S&P 500 also holds, across 245 positions, with the top ten at 54.8%. It sat 5.9% below its high of Jan 9, 2026 on Oct 28, 2026.
IYC
IYC tracks an index. Over the year to Oct 28, 2026 it returned −4.1% with distributions reinvested, against +13.1% for its benchmark, the Russell 1000 Index. The prospectus expense ratio is 0.37% a year. By its holdings published by its issuer for Oct 27, 2026, 88% of the fund by weight is stocks the S&P 500 also holds, across 158 positions, with the top ten at 50.7%. It sat 6.9% below its high of Jan 13, 2026 on Oct 28, 2026.
Questions people ask
- Which returned more over the last year, FDIS or IYC?
- In the year to Oct 28, 2026, with distributions reinvested, FDIS returned −2.4% and IYC −4.1%.
- Which is cheaper, FDIS or IYC?
- FDIS is cheaper, by 0.29 percentage points a year. That is about $29 on $10,000 held for a year. Fees come from each fund's prospectus.
Links are sources, not endorsements. A comparison is not a recommendation.
How this is computed
Overlap adds up the smaller of the two weights for each security both funds hold.
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ETFIQ, FDIS against IYC, data as of Oct 28, 2026. https://etfiq.com/compare/any/fdis-vs-iyc
ETFIQ. (Oct 28, 2026). FDIS against IYC. Retrieved from https://etfiq.com/compare/any/fdis-vs-iyc
[FDIS against IYC (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/fdis-vs-iyc)
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