FIDU vs FXR: Grades, Fees and Holdings Compared

Fidelity MSCI Industrials Index ETF

FIDUANYSE Arca

First Trust Industrials/Producer Durables AlphaDEX Fund

FXRDNYSE Arca

Overlap

27.6%by weight

Expense ratio

FIDU −0.52pt a year

FIDU0.08%FXR0.60%

Avg volume · 30D

FIDU 6.2×the volume

FIDU170KFXR27.4K

10Y return · a year

FIDU +0.8pt

FIDU+13.0%FXR+12.2%

FIDU vs FXR Performance

Nov 9, 2021 – Nov 9, 2026

+67.5%FIDU+48.6%FXR

Expense ratio: FIDU 0.08%, better; FXR 0.60%
Fund size: FIDU $2.27B; FXR $707M
1Y total return: FIDU +10.7%; FXR +17.0%, better
Yield (12M): FIDU 0.92%, better; FXR 0.74%
Holdings: FIDU 361; FXR 160
Avg volume (30D): FIDU 170K sh, better; FXR 27.4K sh
NAV per share: FIDU $89.70; FXR $86.69
52W range

ETF.net Grade

Pillar letters and Scores for FIDU, FXR, with each pillar’s weight
Pillar	FIDU	FXR
Cost30% weight	A90Higher	F11
Mission25% weight	Not scored	B62
Risk15% weight	C48Higher	C44
Tradability15% weight	B59Higher	D26
Holdings10% weight	B64	A84Higher
Durability5% weight	B57Higher	C42

Rank among Industrials (Broad) funds

How we build Categories ›

Same Category. FIDU and FXR 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 FXR 9th of 10 funds in the Industrials (Broad) Category.

Rank 1AXLIState Street Industrial Select Sector SPDR ETFScore 80
Rank 2AFIDUFidelity MSCI Industrials Index ETFScore 69
Rank 3BVISVanguard Industrials ETFScore 61
Rank 8CTRUIVanEck Industrials TruSector ETFScore 40
Rank 9DFXRFirst Trust Industrials/Producer Durables AlphaDEX FundScore 32
Rank 10FPRNInvesco Dorsey Wright Industrials Momentum ETFScore 25

Our read on each fund

ETF.net Research

FIDUAFidelity MSCI Industrials Index ETF

FXRDFirst Trust Industrials/Producer Durables AlphaDEX Fund

In short

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.

FXR Industrials, but not by size. FXR ranks US industrial names on growth and value metrics, drops the weakest, then weights the survivors in tiers. A 2007-vintage smart-beta spin on planes, trains and machinery.

Stated mandate

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

FXR The Fund seeks investment results that generally correspond to the price and yield, before fees and expenses, of the StrataQuant® Industrials Index.

Why people hold it

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.

FXR The AlphaDEX screen scores industrials on growth and value metrics, cuts the lowest-ranked names, and weights what's left by rank rather than market cap.ftportfolios.com firsttrust.ca
Roughly 140 holdings, sorted into tiers and equal-weighted inside each tier, so mid-cap machinery and transport names carry real weight instead of a handful of megacaps steering the fund.firsttrust.ca
Running since 2007, one of the original factor-screened sector funds, and it has stayed tight to its StrataQuant Industrials Index. Pays quarterly.

Worth knowing

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

FXR The screen costs money: 0.60% a year, against 0.08% for XLI and 0.09% for VIS. That gap is the price of the ranking rules.
Thinly traded next to the sector's household-name ETFs, which can mean wider bid-ask spreads, especially around the open and close.
Tiered weighting tilts the portfolio smaller than the cap-weighted sector, so results and volatility can diverge from the industrials index most people quote.firsttrust.ca

Full FIDU profile⁠

Full FXR profile⁠

FIDU vs FXR Holdings

How FIDU and FXR differ

Overlap by weight

27.6%

Shared holdings make up 62.6% of FXR and 60.1% of FIDU.

Level by level

Holdings115 in both27.6%
Sector8 Sectors69.1%
Countryby domicile96.6%
Asset classStocks100%

Sector

Sector weights in FIDU and FXR, widest gap first
Sector	Gap	FIDU	FXR
Industrials	FIDU +30.8 points	91.2%	60.4%
Consumer Discretionary	FXR +8.9 points	0.7%	9.6%
Technology	FXR +7.9 points	7.2%	15.1%
Financials	FXR +7.3 points	0.2%	7.5%
Materials	FXR +5.9 points	0.6%	6.5%
Health Care	FXR +0.9 points	0.0%	0.9%
Utilities	Same weight	0.0%	0.0%
Communication	Same weight	0.0%	0.0%

Country, concentration and asset class

Country by domicile

Country weights in FIDU and FXR, widest gap first
Country	Gap	FIDU	FXR
United States	FIDU +2.7 points	98.9%	96.2%
United Kingdom	FXR +1.4 points	0.3%	1.7%
India	FXR +1.2 points	0.1%	1.3%
Ireland	FXR +0.8 points	0.0%	0.8%
Canada	FIDU +0.7 points	0.7%	0.0%

Concentration

Weight in the 10 largest Holdings

FIDU30.9%
FXR13.0%

Securities held

FIDU360
FXR159

Asset class

FIDU: Stocks
FXR: Stocks

Holdings

Only in FIDU245
In both115
Only in FXR44

Only in FIDU

245 securities, 42.9% of FIDU by weight

Rtx Corp4.00%
Securities Lending Cf3.03%
Deere & Co2.56%
Eaton Corp PLC2.08%
Uber Technologies Inc1.91%
Parker Hannifin Corp1.81%
Waste Management Inc1.49%
Emerson Electric Co1.42%
Johnson Controls Internatl PLC1.29%
Howmet Aerospace Inc1.29%
Illinois Tool Works Inc1.20%
Transdigm Group Inc1.05%
Fastenal Co0.95%
Ametek Inc New0.82%
Republic Services Inc0.77%
Westinghouse Air Brake Tec Crp0.75%
Waste Connections Inc (Us)0.75%
Carrier Global Corp0.61%
Copart Inc0.43%
Verisk Analytics Inc0.42%
Axon Enterprise Inc0.38%
Broadridge Financial Sol0.34%
Heico Corp Class A0.30%
Itt Inc0.29%
Ftai Aviation Ltd0.28%
Jacobs Solutions Inc0.27%
Curtiss Wright Corporation0.27%
Nordson Corp0.26%
SS&C Technologies Holdings Inc0.26%
Allegion PLC0.25%
Leidos Holdings Inc0.25%
Nextpower Inc0.24%
Ch Robinson Worldwide Inc0.23%
Delta Air Inc0.23%
Clean Harbors Inc0.22%
Wesco International Inc0.22%
Heico Corp0.22%
Api Group Corp0.22%
Rbc Bearings Inc0.21%
Caci International Inc0.21%
Carpenter Technology Corp0.21%
Mueller Industries Inc0.17%
Pentair PLC0.17%
Rollins Inc0.17%
Bwx Technologies Inc0.17%
Qxo Inc0.17%
Mastec Inc0.17%
Generac Holdings Inc0.16%
Cnh Industrial NV A0.16%
Owens Corning Inc0.15%

Only in FXR

44 securities, 37.3% of FXR by weight

ADT Inc.1.64%
Fiserv, Inc.1.41%
Pentair plc1.30%
Graphic Packaging Holding Company1.25%
Mohawk Industries, Inc.1.22%
Silgan Holdings Inc.1.20%
Corpay, Inc.1.18%
The Western Union Company1.18%
CRH Plc1.16%
PayPal Holdings, Inc.1.14%
Euronet Worldwide, Inc.1.14%
Accenture plc1.11%
Eagle Materials Inc.1.10%
Amcor plc1.08%
Vontier Corporation1.05%
Synchrony Financial1.05%
Sonoco Products Company1.04%
Jack Henry & Associates, Inc.0.95%
Global Payments Inc.0.93%
Ball Corporation0.92%
AptarGroup, Inc.0.92%
PPG Industries, Inc.0.92%
Fidelity National Information Services, Inc.0.88%
WEX Inc.0.85%
Capital One Financial Corporation0.82%
Smurfit Westrock Plc0.78%
Keysight Technologies, Inc.0.76%
Johnson Controls International Plc0.71%
Visa Inc. (Class A)0.69%
Crown Holdings, Inc.0.68%
Eaton Corporation Plc0.62%
RPM International Inc.0.62%
Affirm Holdings, Inc. (Class A)0.58%
Fortune Brands Innovations Inc.0.49%
Allegion Public Limited Company0.47%
Mastercard Incorporated0.46%
Vulcan Materials Company0.45%
Dow Inc.0.45%
Packaging Corporation of America0.43%
MKS, Inc.0.43%
Martin Marietta Materials, Inc.0.42%
Teledyne Technologies Incorporated0.40%
Shift4 Payments, Inc. (Class A)0.24%
American Express Company0.21%

Weight gaps

The 100 widest of 115 Holdings in both funds.

Holding weights in FIDU and FXR, widest gap first
Holding	Gap	FIDU	FXR
Ge AerospaceGE	FIDU +5.05 points	5.25%	0.20%
Caterpillar IncCAT	FIDU +3.63 points	4.03%	0.40%
Ge Vernova IncGEV	FIDU +2.94 points	3.26%	0.32%
Union Pacific CorpUNP	FIDU +2.49 points	2.70%	0.21%
Boeing CoBA	FIDU +1.85 points	2.03%	0.18%
Automatic Data Processing IncADP	FIDU +1.44 points	1.90%	0.46%
Lockheed Martin CorpLMT	FIDU +1.40 points	1.84%	0.44%
Csx CorpCSX	FIDU +1.22 points	1.43%	0.21%
Trane Technologies PLCTT	FIDU +1.22 points	1.39%	0.17%
Genpact LtdG	FXR +1.21 points	0.10%	1.31%
Amentum Holdings IncAMTM	FXR +1.14 points	0.05%	1.19%
TransunionTRU	FXR +1.09 points	0.25%	1.34%
3M CoMMM	FIDU +1.07 points	1.51%	0.44%
Midera Food Processing IncMFP	FXR +1.02 points	0.03%	1.05%
Hayward Holdings IncHAYW	FXR +0.99 points	0.05%	1.04%
Middleby CorpMIDD	FXR +0.94 points	0.09%	1.03%
Oshkosh CorpOSK	FXR +0.92 points	0.13%	1.05%
Norfolk Southern CorpNSC	FIDU +0.93 points	1.13%	0.20%
Vertiv Holdings CoVRT	FIDU +0.90 points	1.05%	0.15%
Allison Transmission Hldgs IncALSN	FXR +0.89 points	0.15%	1.04%
Exlservice Holdings IncEXLS	FXR +0.88 points	0.10%	0.98%
Textron IncTXT	FXR +0.88 points	0.23%	1.11%
General Dynamics CorporationGD	FIDU +0.85 points	1.27%	0.42%
Paylocity Holding CorpPCTY	FXR +0.83 points	0.12%	0.95%
Booz Allen Hamilton Hldg Class ABAH	FXR +0.80 points	0.16%	0.96%
Cummins IncCMI	FIDU +0.80 points	0.97%	0.17%
Smith (Ao) CorpAOS	FXR +0.79 points	0.11%	0.90%
Simpson Manufacturing CoSSD	FXR +0.77 points	0.13%	0.90%
Ryder System IncR	FXR +0.77 points	0.15%	0.92%
Fti Consulting IncFCN	FXR +0.76 points	0.09%	0.85%
Cintas CorpCTAS	FIDU +0.73 points	1.18%	0.45%
Stanley Black & Decker IncSWK	FXR +0.74 points	0.28%	1.02%
Kirby CorpKEX	FXR +0.69 points	0.03%	0.72%
Acuity IncAYI	FXR +0.68 points	0.14%	0.82%
Huntington Ingalls Industr IncHII	FXR +0.67 points	0.18%	0.85%
Fedex Freight Holding Co IncFDXF	FXR +0.66 points	0.22%	0.88%
Esab CorpESAB	FXR +0.67 points	0.07%	0.74%
Standardaero IncSARO	FXR +0.66 points	0.10%	0.76%
Siteone Landscape Supply IncSITE	FXR +0.65 points	0.08%	0.73%
Agco CorpAGCO	FXR +0.66 points	0.10%	0.76%
Gxo Logistics IncGXO	FXR +0.63 points	0.10%	0.73%
Gates Industrial Corp LtdGTES	FXR +0.62 points	0.10%	0.72%
United Parcel Service Inc Class BUPS	FIDU +0.59 points	1.27%	0.68%
Sunbelt Rentals Holdings IncSUNB	FXR +0.57 points	0.49%	1.06%
Builders FirstsourceBLDR	FXR +0.54 points	0.10%	0.64%
Core &MAIN IncCNM	FXR +0.52 points	0.13%	0.65%
Snap-On IncorporatedSNA	FXR +0.49 points	0.30%	0.79%
Schneider National Inc Class BSNDR	FXR +0.49 points	0.02%	0.51%
Paccar IncPCAR	FIDU +0.48 points	0.84%	0.36%
Regal Rexnord CorpRRX	FXR +0.47 points	0.17%	0.64%
Equifax IncEFX	FXR +0.46 points	0.35%	0.81%
Ies Holdings IncIESC	FXR +0.46 points	0.04%	0.50%
Everus Construction Group IncECG	FXR +0.45 points	0.06%	0.51%
Advanced Drainage Systems IncWMS	FXR +0.45 points	0.13%	0.58%
Quanta Svcs IncPWR	FIDU +0.42 points	1.27%	0.85%
United Rentals IncURI	FIDU +0.42 points	1.04%	0.62%
Trex Co IncTREX	FXR +0.40 points	0.09%	0.49%
Nvent Electric PLCNVT	FXR +0.40 points	0.27%	0.67%
Lennox International IncLII	FXR +0.40 points	0.17%	0.57%
Valmont Industries IncVMI	FXR +0.39 points	0.12%	0.51%
Lincoln Electric Hldgs IncLECO	FXR +0.38 points	0.23%	0.61%
Ul Solutions Inc Class AULS	FXR +0.38 points	0.09%	0.47%
Honeywell Aerospace IncHONA	FIDU +0.37 points	0.76%	0.39%
Dycom Industries IncDY	FXR +0.35 points	0.10%	0.45%
Paychex IncPAYX	FIDU +0.36 points	0.59%	0.23%
Graco IncGGG	FXR +0.35 points	0.17%	0.52%
Tetra Tech IncTTEK	FXR +0.32 points	0.16%	0.48%
Ww Grainger IncGWW	FIDU +0.31 points	0.99%	0.68%
Armstrong World Industries IncAWI	FXR +0.30 points	0.11%	0.41%
Ferguson Enterprises IncFERG	FIDU +0.30 points	0.71%	0.41%
Rocket Lab CorpRKLB	FIDU +0.30 points	0.45%	0.15%
Old Dominion Freight Lines IncODFL	FIDU +0.29 points	0.48%	0.19%
Ingersoll Rand IncIR	FIDU +0.29 points	0.51%	0.22%
Msa Safety IncMSA	FXR +0.27 points	0.10%	0.37%
Northrop Grumman CorpNOC	FIDU +0.26 points	1.11%	0.85%
Landstar System IncLSTR	FXR +0.25 points	0.08%	0.33%
Saia IncSAIA	FXR +0.25 points	0.14%	0.39%
Vicor CorporationVICR	FXR +0.24 points	0.06%	0.30%
Otis Worldwide CorpOTIS	FIDU +0.23 points	0.47%	0.24%
Donaldson Co IncDCI	FXR +0.23 points	0.15%	0.38%
Spx Technologies IncSPXC	FXR +0.22 points	0.11%	0.33%
Carlisle Cos IncCSL	FXR +0.22 points	0.24%	0.46%
Masco CorporationMAS	FXR +0.22 points	0.26%	0.48%
Knight-Swift Transportation HoKNX	FXR +0.22 points	0.14%	0.36%
Dover CorpDOV	FXR +0.21 points	0.43%	0.64%
Emcor Group IncEME	FXR +0.21 points	0.42%	0.63%
Veralto CorpVLTO	FIDU +0.21 points	0.45%	0.24%
Xylem IncXYL	FXR +0.21 points	0.36%	0.57%
Sterling Infrastructure IncSTRL	FXR +0.18 points	0.12%	0.30%
Expeditors Intl of Wash IncEXPD	FIDU +0.18 points	0.38%	0.20%
Ati IncATI	FXR +0.18 points	0.37%	0.55%
Fortive CorpFTV	FXR +0.18 points	0.29%	0.47%
Hubbell IncHUBB	FIDU +0.16 points	0.35%	0.19%
Willscot Holdings CorpWSC	FXR +0.17 points	0.05%	0.21%
Rockwell Automation IncROK	FIDU +0.15 points	0.66%	0.51%
Leonardo Drs IncDRS	FXR +0.14 points	0.04%	0.18%
Dupont De Nemours IncDD	FXR +0.13 points	0.31%	0.44%
Hunt J B Transport Services InJBHT	FXR +0.13 points	0.25%	0.38%
Xpo IncXPO	FIDU +0.12 points	0.32%	0.20%
Primoris Svcs CorpPRIM	FXR +0.11 points	0.06%	0.17%

All 369 FIDU holdings⁠All 159 FXR 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.

FIDU vs FXR Cost

Overpaying FXR vs FIDU

$10,044

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

FIDU 0.084%
$1,773
FXR 0.60%
$11,817

Amount$10,000

Years30 years

Cost over time

FIDU 0.084%
FXR 0.60%
Overpaying

Year by year

Year	FIDU	FXR	Overpaying
10	$154	$1,076	$922
20	$603	$4,116	$3,513
30	$1,773	$11,817	$10,044

Expense ratio

0.08%FIDU, cheaper
0.60%FXR

FIDU0.08%FXR0.60%

0.08%0.60%

Middle half of Industrials (Broad) funds
Median 0.33%

FIDU 2nd cheapest of 10 funds

FXR 9th cheapest of 10 funds

FIDU vs FXR Dividends

Last 12 months to Nov 9, 2026

Yield (12M): FIDU 0.92%, better; FXR 0.74%
Payout (12M): FIDU $0.83; FXR $0.66
Last payment: FIDU $0.21; FXR $0.25
Ex-dividend: FIDU Sep 18, 2026; FXR Sep 24, 2026
Paid on: FIDU Sep 22, 2026; FXR Sep 30, 2026
Frequency: FIDU Quarterly; FXR Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

FIDUQuarterly · 41 paymentsAll FIDU payments⁠

FXRQuarterly · 37 paymentsAll FXR payments⁠

FIDU vs FXR Risk

Fall from peak · 5 years

FIDU
FXR

Risk facts

VolatilityStd dev, 3 years: FIDU 16.9%, betterFXR 18.8%
Return per unit of riskSharpe ratio, 3 years: FIDU 0.95, betterFXR 0.74
Worst fallMax drawdown, 5 years: FIDU −22.9%, betterFXR −26.9%
Market sensitivityBeta, 5 years: FIDU 1.04FXR 1.08; Market = 1

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