Fidelity MSCI Consumer Discretionary Index ETF
Find Ratings Reports- Last Ratings Update:02/29/2024
- Price as of 02/29/2024 :$81.92
- Net Assets:$0 Million
- NAV:$82.36
- Premium-0.53%
- Peer Rank:112 of 298
- Investment Rating:C
- Performance:B-
- RiskC
We rate Fidelity MSCI Consmr Discr Idx ETF at C. Positive factors that influence this rating include a greater than above average total return, low price volatility, low expense structure and long term portfolio management tenure. The fund may be considered for investors seeking a Global Equity strategy.
Total return ranks above peers over the last three years. The Fidelity MSCI Consmr Discr Idx ETF has returned an annual rate of 13.22% since inception. More recently, the fund has generated a total return of 15.46% in the last five years, 5.47% in the last three years, and 28.80% in the last year. How does that compare to other equity funds? In the last five years, it has outperformed 94% of them. It has also outpaced 63% of its competitors on a three year basis and 89% of them over the last year for the period ending 2/29/2024. On a year to date basis, FDIS has returned 4.36%.
Downside risk has been below average. FDIS has a draw down risk of -35.90%, which is the largest price decline experienced over the last three years. This fund has a three year standard deviation of 25.3%. This fund has experienced excessive volatility in its monthly performance over the last 36 months.
Low expense ratio helps performance. As FDIS is an exchange traded fund, it has no front end or back end load.
The Fidelity MSCI Consmr Discr Idx ETF is managed by Jennifer F.Y. Hsui at Fidelity Management & Research Co. This fund is one of 44 Fidelity Management & Research Co exchange-traded funds launched since 9/25/2003 that we track.