FIDU vs TRUI: Grades, Fees and Holdings Compared

Fidelity MSCI Industrials Index ETF

FIDUANYSE Arca

VanEck Industrials TruSector ETF

TRUICNasdaq

Overlap

75.3%by weight

Expense ratio

FIDU −0.02pt a year

FIDU0.08%TRUI0.10%

Avg volume · 30D

FIDU 537.1×the volume

FIDU170KTRUI316

FIDU vs TRUI Performance

Aug 7, 2026 – Nov 9, 2026

−8.8%FIDU−8.6%TRUI

Expense ratio: FIDU 0.08%, better; TRUI 0.10%
Fund size: FIDU $2.27B; TRUI $0
1Y total return: FIDU +10.7%; TRUI No data
Yield (12M): FIDU 0.92%; TRUI No data
Holdings: FIDU 361; TRUI 84
Avg volume (30D): FIDU 170K sh, better; TRUI 316 sh
NAV per share: FIDU $89.70; TRUI $23.24
52W range

ETF.net Grade

Pillar letters and Scores for FIDU, TRUI, with each pillar’s weight
Pillar	FIDU	TRUI
Cost30% weight	A90Higher	A72
Mission25% weight	Not scored	Not scored
Risk15% weight	C48Higher	C47
Tradability15% weight	B59Higher	F14
Holdings10% weight	B64Higher	C41
Durability5% weight	B57Higher	F5

Rank among Industrials (Broad) funds

How we build Categories ›

Same Category. FIDU and TRUI 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 TRUI 8th 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 7CRSPNInvesco S&P 500 Equal Weight Industrials ETFScore 48
Rank 8CTRUIVanEck Industrials TruSector ETFScore 40
Rank 9DFXRFirst Trust Industrials/Producer Durables AlphaDEX FundScore 32

Our read on each fund

ETF.net Research

FIDUAFidelity MSCI Industrials Index ETF

TRUICVanEck Industrials TruSector 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.

TRUI Index sector funds get trimmed by diversification rules that cap their biggest names. TRUI is VanEck's actively managed answer for industrials: full market-cap sector weights, priced at 0.10%.

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.

TRUI The Fund is actively managed and seeks long-term capital appreciation through securities or instruments providing exposure to industrials-related companies.

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.

TRUI Cheap for an active fund: 0.10%, a rounding error from the group's cheapest index options (XLI and FIDU at 0.08%) and well under the typical industrials ETF.
The design: own sector stocks up to regulatory limits, then add sector-ETF positions for the rest, so the biggest names aren't shaved down the way capped indexes shave them.vaneck.com vaneck.com 2
One unified fee: VanEck's adviser pays the fund's ordinary operating costs, with carve-outs for items like acquired fund fees, interest, trading costs and taxes.vaneck.com
Built as a building block. TruSector now covers all 11 GICS sectors, so a sector sleeve can be assembled without mixing methodologies.vaneck.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.com ssga.com

TRUI The ETF sleeve carries acquired fund fees, which ride on top of the 0.10% management fee rather than inside it.vaneck.com
Industrials spreads across many names rather than one dominant mega-cap, so the capping distortion this structure targets does less work here than in tech or media.vaneck.com
Launched in 2026 and actively run: short history, a small asset base, and light trading that can leave spreads wider than the sector's long-established giants.

Full FIDU profile⁠

Full TRUI profile⁠

FIDU vs TRUI Holdings

How FIDU and TRUI differ

Overlap by weight

75.3%

Shared holdings make up 95.0% of TRUI and 75.4% of FIDU.

Level by level

Holdings78 in both75.3%
Sector8 Sectors98.7%
Countryby domicile98.9%
Asset classStocks100%

Sector

Sector weights in FIDU and TRUI, widest gap first
Sector	Gap	FIDU	TRUI
Industrials	TRUI +1.3 points	91.2%	92.5%
Consumer Discretionary	FIDU +0.5 points	0.7%	0.2%
Technology	FIDU +0.3 points	7.2%	6.9%
Financials	FIDU +0.2 points	0.2%	0.0%
Materials	FIDU +0.2 points	0.6%	0.4%
Utilities	Same weight	0.0%	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 TRUI, widest gap first
Country	Gap	FIDU	TRUI
United States	TRUI +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

FIDU30.9%
TRUI37.4%

Securities held

FIDU360
TRUI83

Asset class

FIDU: Stocks
TRUI: Stocks

Holdings

Only in FIDU282
In both78
Only in TRUI5

Only in FIDU

282 securities, 27.6% of FIDU by weight

Securities Lending Cf3.03%
Eaton Corp PLC2.08%
Johnson Controls Internatl PLC1.29%
Waste Connections Inc (Us)0.75%
Sunbelt Rentals Holdings Inc0.49%
Rocket Lab Corp0.45%
Ati Inc0.37%
Xpo Inc0.32%
Heico Corp Class A0.30%
Woodward Inc0.30%
Itt Inc0.29%
Ftai Aviation Ltd0.28%
Nvent Electric PLC0.27%
Curtiss Wright Corporation0.27%
SS&C Technologies Holdings Inc0.26%
Allegion PLC0.25%
Transunion0.25%
Nextpower Inc0.24%
Carlisle Cos Inc0.24%
Lincoln Electric Hldgs 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%
Graco Inc0.17%
Bwx Technologies Inc0.17%
Qxo Inc0.17%
Regal Rexnord Corp0.17%
Watsco Inc0.17%
Mastec Inc0.17%
Applied Industrial Tech Inc0.16%
Flowserve Corp0.16%
Booz Allen Hamilton Hldg Class A0.16%
Cnh Industrial NV A0.16%
Tetra Tech Inc0.16%
Toro Co0.16%
Owens Corning Inc0.15%
Ryder System Inc0.15%
Donaldson Co Inc0.15%
Allison Transmission Hldgs Inc0.15%
Crane Co0.15%
Paycom Software Inc0.15%
Watts Water Tech Inc Class A0.15%
Knight-Swift Transportation Ho0.14%
Moog Inc Class A0.14%

Only in TRUI

5 securities, 5.0% of TRUI by weight

Eaton Corp Plc2.50%
Johnson Controls International Plc1.57%
Southwest Airlines Co0.42%
Allegion Plc0.32%
Pentair Plc0.21%

Weight gaps

All 78 Holdings in both funds, largest gap first.

Holding weights in FIDU and TRUI, widest gap first
Holding	Gap	FIDU	TRUI
Ge AerospaceGE	TRUI +1.29 points	5.25%	6.54%
Caterpillar IncCAT	TRUI +1.02 points	4.03%	5.05%
Rtx CorpRTX	TRUI +0.98 points	4.00%	4.98%
Uber Technologies IncUBER	TRUI +0.81 points	1.91%	2.72%
Delta Air IncDAL	TRUI +0.78 points	0.23%	1.01%
Ge Vernova IncGEV	TRUI +0.74 points	3.26%	4.00%
Union Pacific CorpUNP	TRUI +0.67 points	2.70%	3.37%
Boeing CoBA	TRUI +0.66 points	2.03%	2.69%
Deere & CoDE	TRUI +0.62 points	2.56%	3.18%
United Airlines Holdings IncUAL	TRUI +0.59 points	0.14%	0.73%
Parker Hannifin CorpPH	TRUI +0.56 points	1.81%	2.37%
Automatic Data Processing IncADP	TRUI +0.45 points	1.90%	2.35%
General Dynamics CorporationGD	TRUI +0.41 points	1.27%	1.68%
Quanta Svcs IncPWR	TRUI +0.36 points	1.27%	1.63%
Lockheed Martin CorpLMT	TRUI +0.36 points	1.84%	2.20%
Trane Technologies PLCTT	TRUI +0.34 points	1.39%	1.73%
United Rentals IncURI	TRUI +0.32 points	1.04%	1.36%
Csx CorpCSX	TRUI +0.32 points	1.43%	1.75%
Emerson Electric CoEMR	TRUI +0.33 points	1.42%	1.75%
3M CoMMM	TRUI +0.32 points	1.51%	1.83%
United Parcel Service Inc Class BUPS	TRUI +0.31 points	1.27%	1.58%
Comfort Systems Usa IncFIX	TRUI +0.32 points	0.56%	0.88%
Howmet Aerospace IncHWM	TRUI +0.30 points	1.29%	1.59%
Vertiv Holdings CoVRT	TRUI +0.29 points	1.05%	1.34%
Fedex CorpFDX	TRUI +0.27 points	1.06%	1.33%
Ww Grainger IncGWW	TRUI +0.25 points	0.99%	1.24%
Norfolk Southern CorpNSC	TRUI +0.25 points	1.13%	1.38%
Cintas CorpCTAS	TRUI +0.26 points	1.18%	1.44%
Illinois Tool Works IncITW	TRUI +0.25 points	1.20%	1.45%
Northrop Grumman CorpNOC	TRUI +0.25 points	1.11%	1.36%
Waste Management IncWM	TRUI +0.24 points	1.49%	1.73%
Bloom Energy Corp Class ABE	TRUI +0.24 points	0.73%	0.97%
Honeywell Intl IncHON	TRUI +0.24 points	1.09%	1.33%
Fastenal CoFAST	TRUI +0.24 points	0.95%	1.19%
Westinghouse Air Brake Tec CrpWAB	TRUI +0.23 points	0.75%	0.98%
Carrier Global CorpCARR	TRUI +0.22 points	0.61%	0.83%
Paccar IncPCAR	TRUI +0.21 points	0.84%	1.05%
Ferguson Enterprises IncFERG	TRUI +0.20 points	0.71%	0.91%
Cummins IncCMI	TRUI +0.19 points	0.97%	1.16%
Republic Services IncRSG	TRUI +0.19 points	0.77%	0.96%
Axon Enterprise IncAXON	TRUI +0.16 points	0.38%	0.54%
Ametek Inc NewAME	TRUI +0.16 points	0.82%	0.98%
Honeywell Aerospace IncHONA	TRUI +0.16 points	0.76%	0.92%
Rockwell Automation IncROK	TRUI +0.15 points	0.66%	0.81%
L3HARRIS Technologies IncLHX	TRUI +0.13 points	0.76%	0.89%
Paychex IncPAYX	TRUI +0.12 points	0.59%	0.71%
Verisk Analytics IncVRSK	TRUI +0.11 points	0.42%	0.53%
Fortive CorpFTV	TRUI +0.10 points	0.29%	0.39%
Veralto CorpVLTO	TRUI +0.10 points	0.45%	0.55%
Otis Worldwide CorpOTIS	TRUI +0.11 points	0.47%	0.58%
Emcor Group IncEME	TRUI +0.10 points	0.42%	0.52%
Expeditors Intl of Wash IncEXPD	TRUI +0.10 points	0.38%	0.48%
Dover CorpDOV	TRUI +0.10 points	0.43%	0.53%
Leidos Holdings IncLDOS	TRUI +0.09 points	0.25%	0.34%
Copart IncCPRT	TRUI +0.09 points	0.43%	0.52%
Old Dominion Freight Lines IncODFL	TRUI +0.09 points	0.48%	0.57%
Huntington Ingalls Industr IncHII	TRUI +0.07 points	0.18%	0.25%
Dupont De Nemours IncDD	TRUI +0.07 points	0.31%	0.38%
Stanley Black & Decker IncSWK	TRUI +0.07 points	0.28%	0.35%
Broadridge Financial SolBR	TRUI +0.07 points	0.34%	0.41%
Generac Holdings IncGNRC	TRUI +0.07 points	0.16%	0.23%
Ingersoll Rand IncIR	TRUI +0.06 points	0.51%	0.57%
Textron IncTXT	TRUI +0.06 points	0.23%	0.29%
Masco CorporationMAS	TRUI +0.06 points	0.26%	0.32%
Xylem IncXYL	TRUI +0.06 points	0.36%	0.42%
Equifax IncEFX	TRUI +0.06 points	0.35%	0.41%
Fedex Freight Holding Co IncFDXF	TRUI +0.05 points	0.22%	0.27%
Jacobs Solutions IncJ	TRUI +0.05 points	0.27%	0.32%
Rollins IncROL	TRUI +0.04 points	0.17%	0.21%
Ch Robinson Worldwide IncCHRW	TRUI +0.04 points	0.23%	0.27%
Hunt J B Transport Services InJBHT	TRUI +0.03 points	0.25%	0.28%
Idex CorporationIEX	TRUI +0.03 points	0.26%	0.29%
Smith (Ao) CorpAOS	TRUI +0.03 points	0.11%	0.14%
Lennox International IncLII	FIDU +0.02 points	0.17%	0.15%
Snap-On IncorporatedSNA	TRUI +0.02 points	0.30%	0.32%
Transdigm Group IncTDG	FIDU +0.02 points	1.05%	1.03%
Hubbell IncHUBB	TRUI +0.02 points	0.35%	0.37%
Nordson CorpNDSN	TRUI +0.01 points	0.26%	0.27%

All 369 FIDU holdings⁠All TRUI 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 TRUI Cost

Overpaying TRUI vs FIDU

$333

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

FIDU 0.084%
$1,773
TRUI 0.10%
$2,106

Amount$10,000

Years30 years

Cost over time

FIDU 0.084%
TRUI 0.10%
Overpaying

Year by year

Year	FIDU	TRUI	Overpaying
10	$154	$183	$29
20	$603	$717	$114
30	$1,773	$2,106	$333

Expense ratio

0.08%FIDU, cheaper
0.10%TRUI

FIDU0.08%TRUI0.10%

0.08%0.60%

Middle half of Industrials (Broad) funds
Median 0.33%

FIDU 2nd cheapest of 10 funds

TRUI 4th cheapest of 10 funds

FIDU vs TRUI Dividends

Last 12 months to Nov 9, 2026

Yield (12M): FIDU 0.92%; TRUI No data
Payout (12M): FIDU $0.83; TRUI No data
Last payment: FIDU $0.21; TRUI $0.08
Ex-dividend: FIDU Sep 18, 2026; TRUI Oct 1, 2026
Paid on: FIDU Sep 22, 2026; TRUI Oct 6, 2026
Frequency: FIDU Quarterly; TRUI Irregular

Distribution history

Per share, 2017 to 2026, same scale for both

FIDUQuarterly · 41 paymentsAll FIDU payments⁠

TRUIIrregular · 1 paymentAll TRUI payments⁠

FIDU vs TRUI Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: FIDU 16.9%TRUI No data
Return per unit of riskSharpe ratio, 3 years: FIDU 0.95TRUI No data
Worst fallMax drawdown, 5 years: FIDU −22.9%TRUI No data
Market sensitivityBeta, 5 years: FIDU 1.04TRUI 0.35; Market = 1

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