FIDU vs PSCI: Grades, Fees and Holdings Compared

Fidelity MSCI Industrials Index ETF

FIDUANYSE Arca

Invesco S&P SmallCap Industrials ETF

PSCICNasdaq

Overlap

4.3%by weight

Expense ratio

FIDU −0.21pt a year

FIDU0.08%PSCI0.29%

Avg volume · 30D

FIDU 7.4×the volume

FIDU167KPSCI22.6K

10Y return · a year

PSCI +0.7pt

FIDU+13.4%PSCI+14.1%

FIDU vs PSCI Performance

Oct 29, 2021 – Oct 30, 2026

+71.0%FIDU+79.7%PSCI

Expense ratio: FIDU 0.08%, better; PSCI 0.29%
Fund size: FIDU $2.32B; PSCI $166M
1Y total return: FIDU +7.8%; PSCI +10.7%, better
Yield (12M): FIDU 0.93%; PSCI 1.46%, better
Holdings: FIDU 364; PSCI 97
Avg volume (30D): FIDU 167K sh, better; PSCI 22.6K sh
NAV per share: FIDU $88.69; PSCI $163.05
52W range

ETF.net Grade

Pillar letters and Scores for FIDU, PSCI, with each pillar’s weight
Pillar	FIDU	PSCI
Cost30% weight	A90Higher	B57
Mission25% weight	Not scored	Not scored
Risk15% weight	B60Higher	D27
Tradability15% weight	B63Higher	C51
Holdings10% weight	B64	B69Higher
Durability5% weight	B57Higher	D36

Rank among Industrials (Broad) funds

How we build Categories ›

Same Category. FIDU and PSCI 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 PSCI 6th 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 4CIYJiShares U.S. Industrials ETFScore 52
Rank 6CPSCIInvesco S&P SmallCap Industrials ETFScore 49
Rank 7CRSPNInvesco S&P 500 Equal Weight Industrials ETFScore 48

Our read on each fund

ETF.net Research

FIDUAFidelity MSCI Industrials Index ETF

PSCICInvesco S&P SmallCap Industrials 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.

PSCI Industrials ETFs usually mean large-cap machinery and aerospace. PSCI works the other end of the market: about 100 small US industrial companies from the S&P SmallCap 600, indexed the same way since 2010.

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.

PSCI The fund seeks to track, before fees and expenses, the investment results of the S&P SmallCap 600 Capped 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.

PSCI Costs 0.29% a year, under the typical industrials sector fund and less than Invesco's own equal-weight RSPN at 0.40%.
A small-cap industrials sleeve in one ticker: about 100 names set by an S&P index, not by a stock picker.
Has followed the S&P SmallCap 600 Capped Industrials Index closely since its 2010 launch, so the index is a good read on the fund.
Pays out quarterly, so income arrives on a set schedule rather than in lumps.

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

PSCI One of the less traded funds in the industrials group and one of the smaller ones, so spreads can run wider than the category heavyweights.
Small companies in a single cyclical sector move harder in both directions than broad large-cap industrials funds.
XLI (0.08%) and VIS (0.09%) charge less, but they hold large-cap industrials, not the small-cap end PSCI covers.

Full FIDU profile⁠

Full PSCI profile⁠

FIDU vs PSCI Holdings

How FIDU and PSCI differ

Overlap by weight

4.3%

Shared holdings make up 99.9% of PSCI and 4.3% of FIDU.

Level by level

Holdings94 in both4.3%
Sector8 Sectors88.8%
Countryby domicile98.9%
Asset classEquity100%

Sector

Sector weights in FIDU and PSCI, widest gap first
Sector	More in FIDUMore in PSCI	FIDU	PSCI
Industrials	FIDU +10.9 points	92.0%	81.1%
Consumer Discretionary	PSCI +6.8 points	0.8%	7.6%
Technology	PSCI +3.2 points	6.4%	9.6%
Health Care	PSCI +0.5 points	0.0%	0.5%
Materials	PSCI +0.4 points	0.5%	0.9%
Communication	PSCI +0.3 points	0.0%	0.3%
Financials	FIDU +0.2 points	0.2%	0.0%
Utilities	FIDU +0.1 points	0.1%	0.0%

Country, concentration and asset class

Country by domicile

Country weights in FIDU and PSCI, widest gap first
Country	More in FIDUMore in PSCI	FIDU	PSCI
United States	PSCI +1.1 points	98.9%	100.0%
Canada	FIDU +0.7 points	0.7%	0.0%
Other countries (2)	FIDU +0.4 points	0.4%	0.0%

Concentration

Weight in the 10 largest Holdings

FIDU30.1%
PSCI22.7%

Securities held

FIDU361
PSCI96

Asset class

FIDU: Equity
PSCI: Equity

Holdings

Only in FIDU267
In both94
Only in PSCI2

Only in FIDU

267 securities, 97.5% of FIDU by weight

Ge Aerospace4.86%
Caterpillar Inc4.46%
Rtx Corp4.02%
Ge Vernova Inc3.57%
Union Pacific Corp2.68%
Deere & Co2.40%
Eaton Corp PLC2.29%
Lockheed Martin Corp2.00%
Boeing Co1.93%
Securities Lending Cf1.84%
Uber Technologies Inc1.75%
Parker Hannifin Corp1.75%
Automatic Data Processing Inc1.71%
Csx Corp1.45%
Johnson Controls Internatl PLC1.44%
Emerson Electric Co1.43%
Quanta Svcs Inc1.43%
Trane Technologies PLC1.43%
Waste Management Inc1.39%
3M Co1.38%
Vertiv Holdings Co1.34%
General Dynamics Corporation1.28%
Howmet Aerospace Inc1.23%
United Parcel Service Inc Class B1.20%
Illinois Tool Works Inc1.15%
Norfolk Southern Corp1.15%
Northrop Grumman Corp1.14%
United Rentals Inc1.12%
Cintas Corp1.11%
Cummins Inc1.07%
Honeywell Intl Inc1.05%
Fedex Corp1.01%
Transdigm Group Inc0.98%
Fastenal Co0.90%
Bloom Energy Corp Class A0.90%
Ww Grainger Inc0.90%
Ametek Inc New0.86%
Paccar Inc0.81%
L3HARRIS Technologies Inc0.78%
Honeywell Aerospace Inc0.76%
Rockwell Automation Inc0.75%
Westinghouse Air Brake Tec Crp0.72%
Republic Services Inc0.71%
Comfort Systems Usa Inc0.70%
Ferguson Enterprises Inc0.70%
Waste Connections Inc (Us)0.69%
Carrier Global Corp0.62%
Paychex Inc0.52%
Sunbelt Rentals Holdings Inc0.52%
Axon Enterprise Inc0.50%

Only in PSCI

2 securities, 0.0% of PSCI by weight

Invesco Government & Agency Portfolio0.02%
Securities Lending - Bnym0.00%

Weight gaps

All 94 Holdings in both funds, largest gap first.

Holding weights in FIDU and PSCI, widest gap first
Holding	More in FIDUMore in PSCI	FIDU	PSCI
Paycom Software IncPAYC	PSCI +3.12 points	0.16%	3.28%
Federal Signal CorpFSS	PSCI +2.19 points	0.10%	2.29%
Matson IncMATX	PSCI +2.18 points	0.03%	2.21%
Armstrong World Industries IncAWI	PSCI +2.18 points	0.11%	2.29%
Builders FirstsourceBLDR	PSCI +2.11 points	0.10%	2.21%
Gates Industrial Corp LtdGTES	PSCI +2.07 points	0.10%	2.17%
Zurn Elkay Water Solutions CorZWS	PSCI +2.05 points	0.10%	2.15%
Esco Technologies IncESE	PSCI +1.98 points	0.09%	2.07%
Lyft IncLYFT	PSCI +1.94 points	0.09%	2.03%
Enpro IncNPO	PSCI +1.87 points	0.09%	1.96%
Jbt Marel CorpJBTM	PSCI +1.78 points	0.09%	1.87%
Casella Waste Sys Inc Class ACWST	PSCI +1.77 points	0.08%	1.85%
Mobility Global IncMBGL	PSCI +1.74 points	0.08%	1.82%
Everus Construction Group IncECG	PSCI +1.72 points	0.08%	1.80%
Herc Holdings IncHRI	PSCI +1.67 points	0.08%	1.75%
Granite Construction IncGVA	PSCI +1.66 points	0.08%	1.74%
Karman Holdings IncKRMN	PSCI +1.63 points	0.06%	1.69%
Argan IncAGX	PSCI +1.56 points	0.07%	1.63%
Powell Industries IncPOWL	PSCI +1.51 points	0.07%	1.58%
Csw Industrials IncCSWI	PSCI +1.48 points	0.07%	1.55%
Rxo IncRXO	PSCI +1.45 points	0.04%	1.49%
Mercury Systems IncMRCY	PSCI +1.42 points	0.07%	1.49%
Construction Partners Inc Class AROAD	PSCI +1.37 points	0.07%	1.44%
Myr Group Inc/DelawareMYRG	PSCI +1.37 points	0.07%	1.44%
Openlane IncOPLN	PSCI +1.36 points	0.06%	1.42%
Vse CorpVSEC	PSCI +1.36 points	0.06%	1.42%
Robert Half IncRHI	PSCI +1.35 points	0.06%	1.41%
Azz IncAZZ	PSCI +1.30 points	0.06%	1.36%
Aar CorpAIR	PSCI +1.29 points	0.06%	1.35%
Primoris Svcs CorpPRIM	PSCI +1.27 points	0.06%	1.33%
Rush Enterprises Inc Class ARUSHA	PSCI +1.24 points	0.06%	1.30%
Franklin Electric Co. Inc.FELE	PSCI +1.24 points	0.06%	1.30%
Griffon CorpGFF	PSCI +1.23 points	0.05%	1.28%
Korn FerryKFY	PSCI +1.21 points	0.06%	1.27%
Skywest IncSKYW	PSCI +1.21 points	0.01%	1.22%
Atmus Filtration Techn IncATMU	PSCI +1.18 points	0.06%	1.24%
Unifirst CorpUNF	PSCI +1.17 points	0.05%	1.22%
Tutor Perini CorpTPC	PSCI +1.16 points	0.06%	1.22%
Geo Group IncGEO	PSCI +1.15 points	0.05%	1.20%
Brady Corporation Class ABRC	PSCI +1.13 points	0.05%	1.18%
Mueller Water Products Inc AMWA	PSCI +1.11 points	0.05%	1.16%
Hni CorpHNI	PSCI +1.08 points	0.05%	1.13%
Amentum Holdings IncAMTM	PSCI +1.06 points	0.05%	1.11%
Willscot Holdings CorpWSC	PSCI +1.05 points	0.05%	1.10%
Hayward Holdings IncHAYW	PSCI +1.03 points	0.05%	1.08%
Kadant IncKAI	PSCI +1.00 points	0.05%	1.05%
Abm Industries IncABM	PSCI +0.98 points	0.05%	1.03%
Corecivic IncCXW	PSCI +0.95 points	0.05%	1.00%
Dnow IncDNOW	PSCI +0.93 points	0.05%	0.98%
Standex Intl CorpSXI	PSCI +0.94 points	0.04%	0.98%
Arcbest CorpARCB	PSCI +0.88 points	0.04%	0.92%
Boise Cascade CoBCC	PSCI +0.85 points	0.04%	0.89%
V2X IncVVX	PSCI +0.78 points	0.04%	0.82%
Resideo Technologies IncREZI	PSCI +0.78 points	0.04%	0.82%
Pitney-Bowes IncPBI	PSCI +0.73 points	0.01%	0.74%
Kennametal IncKMT	PSCI +0.72 points	0.03%	0.75%
Dxp Enterprises IncDXPE	PSCI +0.71 points	0.03%	0.74%
Trinity Industries IncTRN	PSCI +0.71 points	0.03%	0.74%
Interface IncTILE	PSCI +0.67 points	0.03%	0.69%
Manpowergroup IncMAN	PSCI +0.66 points	0.03%	0.69%
Enerpac Tool Group Corp Class AEPAC	PSCI +0.63 points	0.03%	0.66%
Worthington Enterprises IncWOR	PSCI +0.63 points	0.03%	0.66%
First Advantage CorpFA	PSCI +0.63 points	0.02%	0.65%
Allegiant Travel CoALGT	PSCI +0.58 points	<0.01%	0.59%
Proto Labs IncPRLB	PSCI +0.58 points	0.03%	0.61%
Albany International Corp Class AAIN	PSCI +0.57 points	0.03%	0.60%
Sunrun IncRUN	PSCI +0.57 points	0.03%	0.60%
Midera Food Processing IncMFP	PSCI +0.53 points	0.03%	0.56%
VestisVSTS	PSCI +0.53 points	0.02%	0.55%
Healthcare Services Group IncHCSG	PSCI +0.52 points	0.03%	0.55%
Insperity IncNSP	PSCI +0.52 points	0.02%	0.54%
Werner Enterprises IncWERN	PSCI +0.52 points	0.02%	0.54%
Hub Group Inc Class AHUBG	PSCI +0.51 points	0.02%	0.53%
Alamo Group IncALG	PSCI +0.50 points	0.02%	0.52%
Concentrix CorpCNXC	PSCI +0.48 points	0.02%	0.50%
Schneider National Inc Class BSNDR	PSCI +0.46 points	0.02%	0.48%
Masterbrand IncMBC	PSCI +0.46 points	0.02%	0.48%
Millerknoll IncMLKN	PSCI +0.45 points	0.02%	0.47%
Gibraltar Industries IncROCK	PSCI +0.37 points	0.02%	0.39%
Greenbrier Companies IncGBX	PSCI +0.37 points	0.02%	0.39%
Upwork IncUPWK	PSCI +0.35 points	0.02%	0.37%
Tennant CoTNC	PSCI +0.35 points	0.02%	0.37%
Liquidity Services IncLQDT	PSCI +0.33 points	0.02%	0.35%
Lindsay CorpLNN	PSCI +0.33 points	0.02%	0.35%
Deluxe CorpDLX	PSCI +0.32 points	0.02%	0.34%
Jetblue Airways CorpJBLU	PSCI +0.31 points	<0.01%	0.31%
Apogee Enterprises IncAPOG	PSCI +0.30 points	0.01%	0.31%
Quanex Building ProductsNX	PSCI +0.30 points	0.01%	0.31%
Astec Industries IncASTE	PSCI +0.29 points	0.01%	0.30%
National Presto IndsNPK	PSCI +0.24 points	0.01%	0.25%
Legalzoom.com IncLZ	PSCI +0.24 points	0.01%	0.25%
Rush Enterprises Inc Class BRUSHB	PSCI +0.22 points	<0.01%	0.23%
Marten Transport LtdMRTN	PSCI +0.21 points	0.01%	0.22%
Heartland Express IncHTLD	PSCI +0.14 points	<0.01%	0.15%

All 369 FIDU holdings⁠All 95 PSCI 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 PSCI Cost

Overpaying PSCI vs FIDU

$4,179

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

FIDU 0.084%
$1,773
PSCI 0.29%
$5,952

Amount$10,000

Years30 years

Cost over time

FIDU 0.084%
PSCI 0.29%
Overpaying

Year by year

Year	FIDU	PSCI	Overpaying
10	$154	$527	$373
20	$603	$2,044	$1,441
30	$1,773	$5,952	$4,179

Expense ratio

0.08%FIDU, cheaper
0.29%PSCI

FIDU0.08%PSCI0.29%

0.08%0.60%

Middle half of Industrials (Broad) funds
Median 0.33%

FIDU 2nd cheapest of 10 funds

PSCI 5th cheapest of 10 funds

FIDU vs PSCI Dividends

Last 12 months to Oct 30, 2026

Yield (12M): FIDU 0.93%; PSCI 1.46%, better
Payout (12M): FIDU $0.83; PSCI $2.39
Last payment: FIDU $0.21; PSCI $0.21
Ex-dividend: FIDU Sep 18, 2026; PSCI Sep 21, 2026
Paid on: FIDU Sep 22, 2026; PSCI Sep 25, 2026
Frequency: FIDU Quarterly; PSCI Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

FIDUQuarterly · 41 paymentsAll FIDU payments⁠

PSCIQuarterly · 38 paymentsAll PSCI payments⁠

FIDU vs PSCI Risk

Fall from peak · 5 years

FIDU
PSCI

Risk facts

VolatilityStd dev, 3 years: FIDU 16.9%, betterPSCI 22.2%
Return per unit of riskSharpe ratio, 3 years: FIDU 0.95, betterPSCI 0.77
Worst fallMax drawdown, 5 years: FIDU −22.9%, betterPSCI −29.4%
Market sensitivityBeta, 5 years: FIDU 1.04PSCI 1.14; Market = 1

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