FIDU vs PRN

FIDUAFidelity MSCI Industrials Index ETF

PRNFInvesco Dorsey Wright Industrials Momentum ETF

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.

PRN Most industrials ETFs hold the sector by size. PRN holds its momentum leaders: a few dozen US industrials ranked on relative strength and reshuffled quarterly, at 0.60% net of a waiver through August 31, 2028 (0.69% gross).

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.

PRN The Fund normally invests at least 90% of its total assets in securities comprising the Dorsey Wright Industrials Technical Leaders Index. That index selects at least 30 Nasdaq US Benchmark Index securities exhibiting relative strength, or momentum.

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.commsci.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.

• PRN Not a cap-weighted mirror of the sector. Nasdaq ranks industrials on a relative strength score built from intermediate and long term price moves, keeps at least 30 names, and gives higher scores bigger weights.nasdaqomx.com
• The lineup is re-examined every quarter (January, April, July, October), so names that lose their relative strength standing get replaced rather than ridden down.nasdaqomx.cominvesco.com
• Listed in 2006, it is one of the longest-running momentum ETFs on the market. It fishes from the Nasdaq US Benchmark, so mid-cap industrials can outrank mega caps on score alone.invesco.com

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.comssga.com

• PRN At 0.60% net of a waiver through August 31, 2028 (0.69% gross), it sits above the industrials category median, where plain index trackers like XLI (0.08%) and VIS (0.09%) live.
• A few dozen holdings concentrates the bet: individual names carry real weight, and quarterly reshuffles can leave the portfolio looking different from one period to the next.nasdaqomx.com
• It trades thinly next to the sector's household-name trackers, so bid-ask spreads and order size deserve more attention here.

Full FIDU profile⁠

Full PRN profile⁠