Which stocks are most correlated with FDIS?

Based on one year of daily returns, the stocks most correlated with Fidelity MSCI Consumer Discretionary Index ETF (FDIS) are VCR (1.00), WANT (0.99) and XLY (0.99). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.

Which stocks are inversely correlated with FDIS?

Over the past year, the stocks most inversely correlated with Fidelity MSCI Consumer Discretionary Index ETF (FDIS) are SCC (-0.99), CARD (-0.81) and QQQD (-0.78). A negative correlation means the two stocks have tended to move in opposite directions.

Fidelity MSCI Consumer Discretionary Index ETF (FDIS) — Stock Correlations & Overview

Over the past year, FDIS has moved most closely with VCR, WANT, XLY. Explore the stocks most correlated and inversely correlated with FDIS below, along with its price, financials, and company profile.

Stocks correlated with FDIS

Correlation of daily returns. Higher positive values move with FDIS; negative values move opposite it. Informational only, not investment advice.

Most correlated with FDIS

Symbol	Company	Correlation
VCR	Vanguard Consumer Discretionary ETF	1.00
WANT	Direxion Daily Consumer Discretionary Bull 3X ETF	0.99
XLY	State Street Consumer Discretionary Select Sector SPDR ETF	0.99
UCC	ProShares Ultra Consumer Discretionary	0.99
TRUD	VanEck Consumer Discretionary TruSector ETF	0.96

Most inversely correlated with FDIS

Symbol	Company	Correlation
SCC	ProShares UltraShort Consumer Discretionary	-0.99
CARD	MAX Auto Industry -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC	-0.81
QQQD	Direxion Daily Magnificent 7 Bear 1X ETF	-0.78
SH	ProShares Short S&P500	-0.78
SDS	ProShares UltraShort S&P500	-0.78

Frequently asked questions about FDIS correlations

Which stocks are most correlated with FDIS?: Based on one year of daily returns, the stocks most correlated with Fidelity MSCI Consumer Discretionary Index ETF (FDIS) are VCR (1.00), WANT (0.99) and XLY (0.99). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
Which stocks are inversely correlated with FDIS?: Over the past year, the stocks most inversely correlated with Fidelity MSCI Consumer Discretionary Index ETF (FDIS) are SCC (-0.99), CARD (-0.81) and QQQD (-0.78). A negative correlation means the two stocks have tended to move in opposite directions.
What does a correlation of 0.8 mean for a stock?: Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
How are these FDIS correlations calculated?: We compute the correlation of daily returns between FDIS and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.

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