FIDU vs RSPN: Grades, Fees and Holdings Compared

Fidelity MSCI Industrials Index ETF

FIDUANYSE Arca

Invesco S&P 500 Equal Weight Industrials ETF

RSPNCNYSE Arca

Overlap

55.1%by weight

Expense ratio

FIDU −0.32pt a year

FIDU0.08%RSPN0.40%

Avg volume · 30D

RSPN 1.4×the volume

FIDU167KRSPN240K

10Y return · a year

RSPN +0.7pt

FIDU+13.4%RSPN+14.1%

FIDU vs RSPN Performance

Oct 29, 2021 – Oct 30, 2026

+71.0%FIDU+64.0%RSPN

Expense ratio: FIDU 0.08%, better; RSPN 0.40%
Fund size: FIDU $2.32B; RSPN $846M
1Y total return: FIDU +7.8%; RSPN +9.2%, better
Yield (12M): FIDU 0.93%, better; RSPN 0.89%
Holdings: FIDU 364; RSPN 85
Avg volume (30D): FIDU 167K sh; RSPN 240K sh, better
NAV per share: FIDU $88.69; RSPN $60.54
52W range

ETF.net Grade

Pillar letters and Scores for FIDU, RSPN, with each pillar’s weight
Pillar	FIDU	RSPN
Cost30% weight	A90Higher	D27
Mission25% weight	Not scored	Not scored
Risk15% weight	B60Higher	C54
Tradability15% weight	B63	B63
Holdings10% weight	B64	A79Higher
Durability5% weight	B57Higher	C49

Rank among Industrials (Broad) funds

How we build Categories ›

Same Category. FIDU and RSPN 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 RSPN 7th 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 6CPSCIInvesco S&P SmallCap Industrials ETFScore 49
Rank 7CRSPNInvesco S&P 500 Equal Weight Industrials ETFScore 48
Rank 8CTRUIVanEck Industrials TruSector ETFScore 40

Our read on each fund

ETF.net Research

FIDUAFidelity MSCI Industrials Index ETF

RSPNCInvesco S&P 500 Equal Weight 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.

RSPN Industrials with the pecking order erased. RSPN gives every industrials stock in the S&P 500 the same weight and resets quarterly, so a mid-tier machinery maker counts as much as the sector's biggest names.

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.

RSPN The fund tracks an index that equally weights stocks in the industrials sector of the S&P 500® Index and rebalances quarterly.

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.

RSPN Equal weight, reset every quarter: the index trims what has run and tops up what has lagged on a schedule rather than letting size decide.invesco.com
About 80 holdings, none allowed to dominate, so the sector's giants and its mid-tier names carry the same say.
Trading since 2006 and now a multi-billion-dollar fund, with a record spanning several industrial cycles and close tracking of its stated index.
Sits in the upper half of the broad industrials group, and pays distributions 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

RSPN The tilt has a price: 0.40% a year, against 0.08% for XLI and 0.09% for VIS on the cap-weighted side.
Equal weighting leans harder on the sector's smaller members, so results can drift from cap-weighted industrials benchmarks in either direction.
Moderately traded rather than a volume heavyweight in its category, which can show up in spreads on larger orders.

Full FIDU profile⁠

Full RSPN profile⁠

FIDU vs RSPN Holdings

How FIDU and RSPN differ

Overlap by weight

55.1%

Shared holdings make up 93.4% of RSPN and 75.1% of FIDU.

Level by level

Holdings78 in both55.1%
Sector8 Sectors98.3%
Countryby domicile98.9%
Asset classEquity100%

Sector

Sector weights in FIDU and RSPN, widest gap first
Sector	More in FIDUMore in RSPN	FIDU	RSPN
Industrials	FIDU +1.4 points	92.0%	90.6%
Materials	RSPN +0.8 points	0.5%	1.3%
Technology	RSPN +0.7 points	6.4%	7.1%
Consumer Discretionary	RSPN +0.3 points	0.8%	1.1%
Financials	FIDU +0.2 points	0.2%	0.0%
Utilities	FIDU +0.1 points	0.1%	0.0%
Health Care	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 RSPN, widest gap first
Country	More in FIDUMore in RSPN	FIDU	RSPN
United States	RSPN +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%
RSPN13.7%

Securities held

FIDU361
RSPN84

Asset class

FIDU: Equity
RSPN: Equity

Holdings

Only in FIDU283
In both78
Only in RSPN6

Only in FIDU

283 securities, 26.7% of FIDU by weight

Eaton Corp PLC2.29%
Securities Lending Cf1.84%
Johnson Controls Internatl PLC1.44%
Waste Connections Inc (Us)0.69%
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%

Only in RSPN

6 securities, 6.6% of RSPN by weight

Allegion plc1.45%
Pentair PLC1.35%
Southwest Airlines Co1.33%
Johnson Controls International plc1.28%
Eaton Corp PLC1.11%
Invesco Government & Agency Portfolio0.07%

Weight gaps

All 78 Holdings in both funds, largest gap first.

Holding weights in FIDU and RSPN, widest gap first
Holding	More in FIDUMore in RSPN	FIDU	RSPN
Ge AerospaceGE	FIDU +3.73 points	4.86%	1.13%
Caterpillar IncCAT	FIDU +3.52 points	4.46%	0.94%
Rtx CorpRTX	FIDU +2.84 points	4.02%	1.18%
Ge Vernova IncGEV	FIDU +2.46 points	3.57%	1.11%
Union Pacific CorpUNP	FIDU +1.44 points	2.68%	1.24%
Deere & CoDE	FIDU +1.25 points	2.40%	1.15%
Smith (Ao) CorpAOS	RSPN +1.18 points	0.11%	1.29%
Huntington Ingalls Industr IncHII	RSPN +1.14 points	0.19%	1.33%
Masco CorporationMAS	RSPN +1.12 points	0.24%	1.36%
Fortive CorpFTV	RSPN +1.11 points	0.28%	1.39%
Generac Holdings IncGNRC	RSPN +1.10 points	0.18%	1.28%
Stanley Black & Decker IncSWK	RSPN +1.09 points	0.24%	1.33%
Textron IncTXT	RSPN +1.06 points	0.23%	1.29%
Leidos Holdings IncLDOS	RSPN +1.04 points	0.25%	1.29%
Rollins IncROL	RSPN +1.03 points	0.15%	1.18%
United Airlines Holdings IncUAL	RSPN +1.02 points	0.13%	1.15%
Delta Air IncDAL	RSPN +1.02 points	0.20%	1.22%
Dupont De Nemours IncDD	RSPN +1.01 points	0.28%	1.29%
Jacobs Solutions IncJ	RSPN +1.00 points	0.27%	1.27%
Idex CorporationIEX	RSPN +0.98 points	0.27%	1.25%
Nordson CorpNDSN	RSPN +0.97 points	0.26%	1.23%
Boeing CoBA	FIDU +0.95 points	1.93%	0.98%
Broadridge Financial SolBR	RSPN +0.94 points	0.31%	1.25%
Equifax IncEFX	RSPN +0.94 points	0.32%	1.26%
Lennox International IncLII	RSPN +0.93 points	0.16%	1.09%
Veralto CorpVLTO	RSPN +0.91 points	0.38%	1.29%
Verisk Analytics IncVRSK	RSPN +0.89 points	0.37%	1.26%
Dover CorpDOV	RSPN +0.87 points	0.42%	1.29%
Fedex Freight Holding Co IncFDXF	RSPN +0.85 points	0.18%	1.03%
Expeditors Intl of Wash IncEXPD	RSPN +0.85 points	0.39%	1.24%
Snap-On IncorporatedSNA	RSPN +0.84 points	0.28%	1.12%
Otis Worldwide CorpOTIS	RSPN +0.84 points	0.43%	1.27%
Ingersoll Rand IncIR	RSPN +0.81 points	0.47%	1.28%
Hubbell IncHUBB	RSPN +0.78 points	0.35%	1.13%
Ch Robinson Worldwide IncCHRW	RSPN +0.77 points	0.23%	1.00%
Hunt J B Transport Services InJBHT	RSPN +0.74 points	0.24%	0.98%
Copart IncCPRT	RSPN +0.70 points	0.38%	1.08%
Xylem IncXYL	RSPN +0.67 points	0.32%	0.99%
Uber Technologies IncUBER	FIDU +0.66 points	1.75%	1.09%
Old Dominion Freight Lines IncODFL	RSPN +0.63 points	0.48%	1.11%
Emcor Group IncEME	RSPN +0.62 points	0.46%	1.08%
Paychex IncPAYX	RSPN +0.60 points	0.52%	1.12%
Parker Hannifin CorpPH	FIDU +0.59 points	1.75%	1.16%
Ferguson Enterprises IncFERG	RSPN +0.57 points	0.70%	1.27%
Axon Enterprise IncAXON	RSPN +0.55 points	0.50%	1.05%
Lockheed Martin CorpLMT	FIDU +0.55 points	2.00%	1.45%
Republic Services IncRSG	RSPN +0.54 points	0.71%	1.25%
L3HARRIS Technologies IncLHX	RSPN +0.53 points	0.78%	1.31%
Carrier Global CorpCARR	RSPN +0.51 points	0.62%	1.13%
Rockwell Automation IncROK	RSPN +0.50 points	0.75%	1.25%
Honeywell Aerospace IncHONA	RSPN +0.48 points	0.76%	1.24%
Westinghouse Air Brake Tec CrpWAB	RSPN +0.47 points	0.72%	1.20%
Automatic Data Processing IncADP	FIDU +0.44 points	1.71%	1.27%
Ametek Inc NewAME	RSPN +0.39 points	0.86%	1.25%
Ww Grainger IncGWW	RSPN +0.37 points	0.90%	1.27%
Fastenal CoFAST	RSPN +0.37 points	0.90%	1.27%
Trane Technologies PLCTT	FIDU +0.29 points	1.43%	1.14%
Comfort Systems Usa IncFIX	RSPN +0.25 points	0.70%	0.95%
United Rentals IncURI	RSPN +0.25 points	1.12%	1.37%
Vertiv Holdings CoVRT	FIDU +0.24 points	1.34%	1.10%
Quanta Svcs IncPWR	FIDU +0.25 points	1.43%	1.18%
Transdigm Group IncTDG	RSPN +0.24 points	0.98%	1.22%
Honeywell Intl IncHON	RSPN +0.22 points	1.05%	1.27%
Howmet Aerospace IncHWM	FIDU +0.19 points	1.23%	1.04%
Csx CorpCSX	FIDU +0.18 points	1.45%	1.27%
Paccar IncPCAR	RSPN +0.18 points	0.81%	0.99%
Cintas CorpCTAS	RSPN +0.17 points	1.11%	1.28%
Fedex CorpFDX	RSPN +0.16 points	1.01%	1.17%
Northrop Grumman CorpNOC	RSPN +0.14 points	1.14%	1.28%
Waste Management IncWM	FIDU +0.14 points	1.39%	1.25%
3M CoMMM	FIDU +0.11 points	1.38%	1.27%
Illinois Tool Works IncITW	RSPN +0.10 points	1.15%	1.25%
Emerson Electric CoEMR	FIDU +0.09 points	1.43%	1.34%
Norfolk Southern CorpNSC	RSPN +0.09 points	1.15%	1.24%
Bloom Energy Corp Class ABE	RSPN +0.07 points	0.90%	0.97%
United Parcel Service Inc Class BUPS	RSPN +0.07 points	1.20%	1.27%
General Dynamics CorporationGD	FIDU +0.05 points	1.28%	1.23%
Cummins IncCMI	RSPN +0.03 points	1.07%	1.10%

All 369 FIDU holdings⁠All 84 RSPN 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 RSPN Cost

Overpaying RSPN vs FIDU

$6,317

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

FIDU 0.084%
$1,773
RSPN 0.40%
$8,090

Amount$10,000

Years30 years

Cost over time

FIDU 0.084%
RSPN 0.40%
Overpaying

Year by year

Year	FIDU	RSPN	Overpaying
10	$154	$723	$569
20	$603	$2,793	$2,190
30	$1,773	$8,090	$6,317

Expense ratio

0.08%FIDU, cheaper
0.40%RSPN

FIDU0.08%RSPN0.40%

0.08%0.60%

Middle half of Industrials (Broad) funds
Median 0.33%

FIDU 2nd cheapest of 10 funds

RSPN 8th cheapest of 10 funds

FIDU vs RSPN Dividends

Last 12 months to Oct 30, 2026

Yield (12M): FIDU 0.93%, better; RSPN 0.89%
Payout (12M): FIDU $0.83; RSPN $0.54
Last payment: FIDU $0.21; RSPN $0.18
Ex-dividend: FIDU Sep 18, 2026; RSPN Sep 21, 2026
Paid on: FIDU Sep 22, 2026; RSPN Sep 25, 2026
Frequency: FIDU Quarterly; RSPN Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

FIDUQuarterly · 41 paymentsAll FIDU payments⁠

RSPNQuarterly · 39 paymentsAll RSPN payments⁠

FIDU vs RSPN Risk

Fall from peak · 5 years

FIDU
RSPN

Risk facts

VolatilityStd dev, 3 years: FIDU 16.9%RSPN 16.1%, better
Return per unit of riskSharpe ratio, 3 years: FIDU 0.95, betterRSPN 0.90
Worst fallMax drawdown, 5 years: FIDU −22.9%RSPN −21.9%, better
Market sensitivityBeta, 5 years: FIDU 1.04RSPN 1.01; Market = 1

Popular comparisons

FIDUAvsXLIA
Fidelity MSCI Industrials Index ETF · State Street Industrial Select Sector SPDR ETF
Expense ratio
0.08% · 0.08%
Category
RSPNCvsXLIA
Invesco S&P 500 Equal Weight Industrials ETF · State Street Industrial Select Sector SPDR ETF
Expense ratio
0.40% · 0.08%
Category
FIDUAvsVISB
Fidelity MSCI Industrials Index ETF · Vanguard Industrials ETF
Expense ratio
0.08% · 0.09%
Category
RSPNCvsVISB
Invesco S&P 500 Equal Weight Industrials ETF · Vanguard Industrials ETF
Expense ratio
0.40% · 0.09%
Category
FIDUAvsEXIC
Fidelity MSCI Industrials Index ETF · iShares Global Industrials ETF
Expense ratio
0.08% · 0.38%
Category
RSPNCvsEXIC
Invesco S&P 500 Equal Weight Industrials ETF · iShares Global Industrials ETF
Expense ratio
0.40% · 0.38%
Category