EXI vs FIDU: Grades, Fees and Holdings Compared

iShares Global Industrials ETF

EXICNYSE Arca

Fidelity MSCI Industrials Index ETF

FIDUANYSE Arca

Overlap

52.3%by weight

Expense ratio

FIDU −0.30pt a year

EXI0.38%FIDU0.08%

Avg volume · 30D

FIDU 2.9×the volume

EXI58.3KFIDU167K

10Y return · a year

FIDU +1.6pt

EXI+11.8%FIDU+13.4%

EXI vs FIDU Performance

Oct 29, 2021 – Oct 30, 2026

+64.8%EXI+71.0%FIDU

Expense ratio: EXI 0.38%; FIDU 0.08%, better
Fund size: EXI $1.38B; FIDU $2.32B
1Y total return: EXI +8.6%, better; FIDU +7.8%
Yield (12M): EXI 1.13%, better; FIDU 0.93%
Holdings: EXI 236; FIDU 364
Avg volume (30D): EXI 58.3K sh; FIDU 167K sh, better
NAV per share: EXI $186.86; FIDU $88.69
52W range

ETF.net Grade

Pillar letters and Scores for EXI, FIDU, with each pillar’s weight
Pillar	EXI	FIDU
Cost30% weight	C41	A90Higher
Mission25% weight	Not scored	Not scored
Risk15% weight	A73Higher	B60
Tradability15% weight	D34	B63Higher
Holdings10% weight	A76Higher	B64
Durability5% weight	B69Higher	B57

Rank among Industrials (Broad) funds

How we build Categories ›

Same Category. EXI and FIDU are both graded against the same 10 Industrials (Broad) funds, so their Grades compare head to head.

Industrials (Broad)⁠

Category · 10 funds

See all 10 ›

FIDU ranks 2nd and EXI 4th of 10 funds in the Industrials (Broad) Category.

Rank 1AXLIState Street Industrial Select Sector SPDR ETFScore 79
Rank 2AFIDUFidelity MSCI Industrials Index ETFScore 72
Rank 3BVISVanguard Industrials ETFScore 64
Rank 4CEXIiShares Global Industrials ETFScore 52
Rank 4CIYJiShares U.S. Industrials ETFScore 52

Our read on each fund

ETF.net Research

EXICiShares Global Industrials ETF

FIDUAFidelity MSCI Industrials Index ETF

In short

EXI Most industrials ETFs stop at the US border. EXI has tracked a global industrials index since 2006, spreading roughly 220 machinery, aerospace and transport names across developed markets.

FIDU Industrials from the whole US market, not just the S&P 500 slice. Roughly 400 large, mid and small cap names for 0.08% a year, which ties for the lowest fee among broad industrials funds.

Stated mandate

EXI The fund seeks to track an index representing global equities in the industrials sector.

FIDU The fund seeks investment returns that generally correspond, before fees and expenses, to the performance of the MSCI USA IMI Industrials Index.

Why people hold it

EXI Global by design: the S&P Global 1200 Industrials Capped Index reaches past US factories into Europe and Asia in a single ticket.ishares.com
It follows the capped version of the index, so no single conglomerate can dominate a basket of about 220 companies.ishares.com
Live since 2006, through the financial crisis, trade fights and supply-chain chaos, and now a multi-billion-dollar iShares fund.

FIDU 0.08% a year against a peer-group median of 0.38%. Nothing in the broad industrials cohort charges less, and the equal-weight and small-cap alternatives cost multiples of it.
Tracks an MSCI USA IMI index, the family built to cover large, mid and small caps and about 99% of US free-float market value. That reach shows up as roughly 400 holdings.msci.com
XLI, the category heavyweight, holds only the industrials inside the S&P 500. FIDU adds the mid and small cap machinery, logistics and services names that stop at that line.ssga.com msci.com
Live since 2013 and now a multi-billion-dollar fund that pays quarterly. It sits in the upper half of its industrials peer group.

Worth knowing

EXI The 0.38% fee sits at the industrials group's midpoint, but US-only rivals such as XLI (0.08%) and VIS (0.09%) charge a fraction of it.
Overseas holdings pull currency moves and foreign market hours into the price, a layer domestic industrials funds skip.ishares.com
Moderately traded rather than heavily, so spreads can run wider than the busiest sector funds, and cash goes out annually or semiannually, not monthly.

FIDU One sector, so it rises and falls with the industrial cycle: aerospace, machinery, freight, building. It is a slice of the economy, not a substitute for a total-market fund.
Moderately traded rather than a volume leader like XLI or VIS. Spreads can be wider, which matters more on big or hurried orders than on steady small ones.
The small and mid cap tail comes with the broader index, so returns will drift from S&P 500-only industrials funds in both directions.msci.com ssga.com

Full EXI profile⁠

Full FIDU profile⁠

EXI vs FIDU Holdings

How EXI and FIDU differ

Overlap by weight

52.3%

Shared holdings make up 75.8% of FIDU and 52.8% of EXI.

Level by level

Holdings79 in both52.3%
Countryby domicile60.3%
Sector9 Sectors97.0%
Asset classEquity100%

Sector

Sector weights in EXI and FIDU, widest gap first
Sector	More in EXIMore in FIDU	EXI	FIDU
Technology	FIDU +2.1 points	4.3%	6.4%
Communication	EXI +1.8 points	1.8%	0.0%
Industrials	EXI +1.1 points	93.1%	92.0%
Consumer Discretionary	FIDU +0.6 points	0.2%	0.8%
Materials	FIDU +0.1 points	0.4%	0.5%
Consumer Staples	EXI +0.1 points	0.1%	0.0%
Utilities	FIDU +0.1 points	0.0%	0.1%
Health Care	Same weight	0.0%	0.0%
Financials	Same weight	0.2%	0.2%

Country, concentration and asset class

Country by domicile

Country weights in EXI and FIDU, widest gap first
Country	More in EXIMore in FIDU	EXI	FIDU
United States	FIDU +39.6 points	59.3%	98.9%
Japan	EXI +14.9 points	14.9%	0.0%
France	EXI +6.5 points	6.5%	0.0%
Germany	EXI +5.5 points	5.5%	0.0%
United Kingdom	EXI +4.3 points	4.6%	0.3%
Sweden	EXI +3.4 points	3.4%	0.0%
Switzerland	EXI +2.6 points	2.6%	0.0%
Canada	EXI +1.3 points	2.0%	0.7%
Other countries (2)	EXI +1.0 points	1.1%	0.1%

Outside the US: EXI 97% developed, 3% emerging.

Concentration

Weight in the 10 largest Holdings

EXI22.1%
FIDU30.1%

Securities held

EXI218
FIDU361

Asset class

EXI: Equity
FIDU: Equity

Holdings

Only in EXI139
In both79
Only in FIDU282

Only in EXI

139 securities, 46.8% of EXI by weight

Siemens N AG2.22%
Recruit Holdings Ltd1.77%
Schneider Electric1.56%
Hitachi1.53%
Eaton PLC1.49%
Rolls-Royce Holdings PLC1.44%
Airbus Group1.38%
Abb Ltd1.37%
Mitsubishi1.18%
Siemens Energy N AG1.10%
Safran SA1.10%
Itochu1.07%
Mitsui0.95%
Johnson Controls International PLC0.94%
Bae Systems PLC0.87%
Canadian Pacific Kansas City0.82%
Mitsubishi Heavy Industries0.76%
Relx PLC0.73%
Canadian National Railway0.70%
Sk Square0.62%
Vinci SA0.62%
Dhl AG0.62%
Mitsubishi Electric0.62%
Rheinmetall AG0.56%
Marubeni0.54%
Sumitomo0.53%
Volvo Class B0.52%
Atlas Copco Class A0.49%
Dsv0.43%
Fujikura0.43%
Assa Abloy B0.41%
Sandvik0.41%
Legrand SA0.40%
Daikin Industries Ltd0.39%
Prysmian0.38%
Komatsu0.38%
Experian PLC0.37%
Compagnie De Saint Gobain SA0.36%
Fanuc Corp0.35%
Toyota Tsusho0.32%
Transurban Group Stapled Units0.32%
Vestas Wind Systems0.29%
Ferrovial NV0.28%
East Japan Railway0.28%
Atlas Copco Class B0.27%
Kone0.25%
Techtronic Industries0.25%
Geberit AG0.25%
Leonardo Finmeccanica Spa0.24%
Thales SA0.24%

Only in FIDU

282 securities, 26.0% of FIDU by weight

Eaton Corp PLC2.29%
Securities Lending Cf1.84%
Johnson Controls Internatl PLC1.44%
Sunbelt Rentals Holdings Inc0.52%
Rocket Lab Corp0.48%
Ati Inc0.35%
Nvent Electric PLC0.33%
Xpo Inc0.31%
Ftai Aviation Ltd0.29%
Woodward Inc0.28%
Heico Corp Class A0.28%
Curtiss Wright Corporation0.27%
Itt Inc0.27%
Wesco International Inc0.27%
SS&C Technologies Holdings Inc0.25%
Allegion PLC0.24%
Api Group Corp0.23%
Clean Harbors Inc0.23%
Lincoln Electric Hldgs Inc0.23%
Carlisle Cos Inc0.22%
Caci International Inc0.22%
Transunion0.22%
Carpenter Technology Corp0.22%
Rbc Bearings Inc0.21%
Heico Corp0.21%
Bwx Technologies Inc0.19%
Nextpower Inc0.18%
Mueller Industries Inc0.18%
Applied Industrial Tech Inc0.17%
Sterling Infrastructure Inc0.17%
Graco Inc0.17%
State Street 60 Day Money Mark0.16%
Mastec Inc0.16%
Pentair PLC0.16%
Qxo Inc0.16%
Watsco Inc0.16%
Paycom Software Inc0.16%
Regal Rexnord Corp0.15%
Ryder System Inc0.15%
Moog Inc Class A0.15%
Flowserve Corp0.15%
Toro Co0.15%
Booz Allen Hamilton Hldg Class A0.15%
Donaldson Co Inc0.15%
Crane Co0.15%
Owens Corning Inc0.15%
Cnh Industrial NV A0.15%
Knight-Swift Transportation Ho0.14%
Tetra Tech Inc0.14%
Advanced Drainage Systems Inc0.14%

Weight gaps

All 79 Holdings in both funds, largest gap first.

Holding weights in EXI and FIDU, widest gap first
Holding	More in EXIMore in FIDU	EXI	FIDU
Ge AerospaceGE	FIDU +1.61 points	3.25%	4.86%
Caterpillar IncCAT	FIDU +1.48 points	2.98%	4.46%
RtxRTX	FIDU +1.22 points	2.80%	4.02%
Ge VernovaGEV	FIDU +1.19 points	2.38%	3.57%
Union PacificUNP	FIDU +0.80 points	1.88%	2.68%
Lockheed MartinLMT	FIDU +0.66 points	1.34%	2.00%
DeereDE	FIDU +0.64 points	1.76%	2.40%
Parker-HannifinPH	FIDU +0.57 points	1.18%	1.75%
BoeingBA	FIDU +0.52 points	1.41%	1.93%
Automatic Data Processing IncADP	FIDU +0.50 points	1.21%	1.71%
Trane Technologies PLCTT	FIDU +0.49 points	0.94%	1.43%
Waste Management IncWM	FIDU +0.49 points	0.90%	1.39%
Emerson ElectricEMR	FIDU +0.47 points	0.96%	1.43%
Quanta Services IncPWR	FIDU +0.46 points	0.97%	1.43%
CsxCSX	FIDU +0.45 points	1.00%	1.45%
3MMMM	FIDU +0.44 points	0.94%	1.38%
Vertiv Holdings Class AVRT	FIDU +0.41 points	0.93%	1.34%
Howmet AerospaceHWM	FIDU +0.40 points	0.83%	1.23%
Illinois Tool IncITW	FIDU +0.40 points	0.75%	1.15%
United RentalsURI	FIDU +0.36 points	0.76%	1.12%
Uber TechnologiesUBER	FIDU +0.36 points	1.39%	1.75%
Northrop Grumman CorpNOC	FIDU +0.37 points	0.77%	1.14%
United Parcel Service Inc Class BUPS	FIDU +0.36 points	0.84%	1.20%
Cummins IncCMI	FIDU +0.35 points	0.72%	1.07%
Norfolk Southern CorpNSC	FIDU +0.35 points	0.80%	1.15%
Honeywell International IncHON	FIDU +0.33 points	0.72%	1.05%
CintasCTAS	FIDU +0.33 points	0.78%	1.11%
Transdigm GroupTDG	FIDU +0.32 points	0.66%	0.98%
Delta Air LinesDAL	EXI +0.30 points	0.50%	0.20%
General Dynamics CorpGD	FIDU +0.30 points	0.98%	1.28%
Fedex CorpFDX	FIDU +0.29 points	0.72%	1.01%
Ametek IncAME	FIDU +0.28 points	0.58%	0.86%
Ww Grainger IncGWW	FIDU +0.29 points	0.61%	0.90%
FastenalFAST	FIDU +0.28 points	0.62%	0.90%
Bloom Energy Class ABE	FIDU +0.28 points	0.62%	0.90%
Honeywell Aerospace IncHONA	FIDU +0.25 points	0.51%	0.76%
Paccar IncPCAR	FIDU +0.25 points	0.56%	0.81%
Rockwell Automation IncROK	FIDU +0.25 points	0.50%	0.75%
Comfort Systems UsaFIX	FIDU +0.25 points	0.45%	0.70%
L3HARRIS TechnologiesLHX	FIDU +0.24 points	0.54%	0.78%
Westinghouse Air Brake TechnologieWAB	FIDU +0.24 points	0.49%	0.72%
United Airlines HoldingsUAL	EXI +0.22 points	0.35%	0.13%
Ferguson EnterprisesFERG	FIDU +0.22 points	0.48%	0.70%
Waste Connections	FIDU +0.21 points	0.48%	0.69%
Republic Services IncRSG	FIDU +0.21 points	0.50%	0.71%
Ingersoll RandIR	FIDU +0.18 points	0.29%	0.47%
Carrier GlobalCARR	FIDU +0.16 points	0.46%	0.62%
Old Dominion Freight LineODFL	FIDU +0.15 points	0.33%	0.48%
PaychexPAYX	FIDU +0.15 points	0.37%	0.52%
Emcor GroupEME	FIDU +0.15 points	0.31%	0.46%
Axon EnterpriseAXON	FIDU +0.14 points	0.36%	0.50%
Otis WorldwideOTIS	FIDU +0.13 points	0.30%	0.43%
DoverDOV	FIDU +0.13 points	0.29%	0.42%
Expeditors International of WashinEXPD	FIDU +0.12 points	0.27%	0.39%
Copart IncCPRT	FIDU +0.12 points	0.26%	0.38%
Hubbell IncHUBB	FIDU +0.12 points	0.23%	0.35%
Verisk AnalyticsVRSK	FIDU +0.10 points	0.27%	0.37%
VeraltoVLTO	FIDU +0.10 points	0.28%	0.38%
Xylem IncXYL	FIDU +0.10 points	0.22%	0.32%
Broadridge Financial Solutions IncBR	FIDU +0.10 points	0.21%	0.31%
EquifaxEFX	FIDU +0.10 points	0.22%	0.32%
Dupont De NemoursDD	FIDU +0.08 points	0.20%	0.28%
Snap On IncSNA	FIDU +0.09 points	0.19%	0.28%
IdexIEX	FIDU +0.09 points	0.18%	0.27%
NordsonNDSN	FIDU +0.08 points	0.18%	0.26%
Jacobs Solutions IncJ	FIDU +0.08 points	0.19%	0.27%
Stanley Black & DeckerSWK	FIDU +0.08 points	0.16%	0.24%
MascoMAS	FIDU +0.07 points	0.17%	0.24%
FortiveFTV	FIDU +0.08 points	0.20%	0.28%
Textron IncTXT	FIDU +0.07 points	0.16%	0.23%
Ch Robinson WorldwideCHRW	FIDU +0.08 points	0.15%	0.23%
Jb Hunt Transport ServicesJBHT	FIDU +0.07 points	0.17%	0.24%
Leidos HoldingsLDOS	FIDU +0.06 points	0.19%	0.25%
Generac HoldingsGNRC	FIDU +0.06 points	0.12%	0.18%
Huntington Ingalls IndustriesHII	FIDU +0.06 points	0.13%	0.19%
Lennox InternationalLII	FIDU +0.05 points	0.11%	0.16%
Rollins IncROL	FIDU +0.04 points	0.11%	0.15%
A O SmithAOS	FIDU +0.04 points	0.07%	0.11%
Fedex Freight Holding Company IncFDXF	FIDU +0.02 points	0.16%	0.18%

All 218 EXI holdings⁠All 369 FIDU 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.

EXI vs FIDU Cost

Overpaying EXI vs FIDU

$5,933

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

EXI 0.38%
$7,706
FIDU 0.084%
$1,773

Amount$10,000

Years30 years

Cost over time

EXI 0.38%
FIDU 0.084%
Overpaying

Year by year

Year	EXI	FIDU	Overpaying
10	$688	$154	$534
20	$2,658	$603	$2,055
30	$7,706	$1,773	$5,933

Expense ratio

0.38%EXI
0.08%FIDU, cheaper

FIDU0.08%EXI0.38%

0.08%0.60%

Middle half of Industrials (Broad) funds
Median 0.33%

FIDU 2nd cheapest of 10 funds

EXI 7th cheapest of 10 funds

EXI vs FIDU Dividends

Last 12 months to Oct 30, 2026

Yield (12M): EXI 1.13%, better; FIDU 0.93%
Payout (12M): EXI $2.12; FIDU $0.83
Last payment: EXI $1.15; FIDU $0.21
Ex-dividend: EXI Jun 15, 2026; FIDU Sep 18, 2026
Paid on: EXI Jun 18, 2026; FIDU Sep 22, 2026
Frequency: EXI Twice a year; FIDU Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

EXITwice a year · 20 paymentsAll EXI payments⁠

FIDUQuarterly · 41 paymentsAll FIDU payments⁠

EXI vs FIDU Risk

Fall from peak · 5 years

EXI
FIDU

Risk facts

VolatilityStd dev, 3 years: EXI 14.7%, betterFIDU 16.9%
Return per unit of riskSharpe ratio, 3 years: EXI 1.10, betterFIDU 0.95
Worst fallMax drawdown, 5 years: EXI −27.2%FIDU −22.9%, better
Market sensitivityBeta, 5 years: EXI 0.99FIDU 1.04; Market = 1

EXI and FIDU in the news

All news⁠

New ETFs
iShares' new AI fund holds $220 million, and Walmart is its largest stock
Oct 5, 2026EXI
New ETFs
A new US bank ETF puts 42% in four megabanks and charges 0.14%
Oct 5, 2026EXI

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EXI vs FIDU

In short

Stated mandate

Why people hold it

Worth knowing

How EXI and FIDU differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in EXI

Only in FIDU

Weight gaps

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

iShares' new AI fund holds $220 million, and Walmart is its largest stock

A new US bank ETF puts 42% in four megabanks and charges 0.14%

How EXI and FIDU differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in EXI

Only in FIDU

Weight gaps