Should You Invest in the Fidelity MSCI Consumer Discretionary Index ETF (FDIS)?

The Fidelity MSCI Consumer Discretionary Index ETF (FDIS) is a passively managed fund with low costs (0.08% expense ratio) and $1.63 billion in assets. However, it received a Zacks ETF Rank of 4 (Sell) and is not recommended for investors seeking consumer discretionary exposure. The fund has underperformed year-to-date, declining 3.26%, with a beta of 1.26 indicating medium risk. Better alternatives include Vanguard Consumer Discretionary Index Fund (VCR) and State Street Consumer Discretionary Select Sector SPDR ETF (XLY).