FIDU vs VIS: Grades, Fees and Holdings Compared

Fidelity MSCI Industrials Index ETF

FIDUANYSE Arca

Vanguard Industrials ETF

VISBNYSE Arca

Overlap

88.8%by weight

Expense ratio

FIDU −0.01pt a year

FIDU0.08%VIS0.09%

Avg volume · 30D

FIDU 1.3×the volume

FIDU167KVIS130K

10Y return · a year

FIDU +0.3pt

FIDU+13.4%VIS+13.1%

FIDU vs VIS Performance

Oct 29, 2021 – Oct 30, 2026

+71.0%FIDU+70.4%VIS

Expense ratio: FIDU 0.08%, better; VIS 0.09%
Fund size: FIDU $2.32B; VIS $8.6B
1Y total return: FIDU +7.8%; VIS +7.8%
Yield (12M): FIDU 0.93%; VIS 0.96%, better
Holdings: FIDU 364; VIS 399
Avg volume (30D): FIDU 167K sh, better; VIS 130K sh
NAV per share: FIDU $88.69; VIS $320.68
52W range

ETF.net Grade

Pillar letters and Scores for FIDU, VIS, with each pillar’s weight
Pillar	FIDU	VIS
Cost30% weight	A90Higher	A72
Mission25% weight	Not scored	Not scored
Risk15% weight	B60	B60
Tradability15% weight	B63Higher	C53
Holdings10% weight	B64Higher	B58
Durability5% weight	B57	A83Higher

Rank among Industrials (Broad) funds

How we build Categories ›

Same Category. FIDU and VIS 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 VIS 3rd 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 4CEXIiShares Global Industrials ETFScore 52

Our read on each fund

ETF.net Research

FIDUAFidelity MSCI Industrials Index ETF

VISBVanguard 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.

VIS Industrials, the whole aisle: jet engines and railroads down to small-cap machinery shops, roughly 400 names for 0.09% a year. Vanguard has run it as a straight index fund since 2004.

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.

VIS The fund seeks to track the MSCI US Investable Market Industrials 25/50 Index and invests in multicapitalization equities focused on the industrials sector.

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.

VIS 0.09% a year against a 0.38% median for broad industrials funds. Index-fund pricing for index-fund work.
About 400 holdings spanning large, mid and small US industrials, so defense primes and railroads sit next to smaller machinery and services names.vanguard.com
Pure index mandate: it follows the MSCI US Investable Market Industrials 25/50 Index and has tracked it very tightly, with no manager stock-picking layered on.
One of the strongest implementations in the broad US industrials group, a multi-billion-dollar fund trading since 2004 and paying 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

VIS One sector, one cycle. Industrials ride capital spending and freight demand, so this tends to move as a block rather than smooth anything out.
The small- and mid-cap tail is part of the design, and it adds bumpiness a large-cap-only sector fund would not carry.vanguard.com
Not the price floor in the group: XLI and FIDU both list 0.08%. One basis point, but worth knowing.

Full FIDU profile⁠

Full VIS profile⁠

FIDU vs VIS Holdings

How FIDU and VIS differ

Overlap by weight

88.8%

Shared holdings make up 93.9% of FIDU and 93.8% of VIS.

Level by level

Holdings339 in both88.8%
Countryby domicile98.9%
Asset classEquity100%
Sector8 Sectors99.9%

Sector

Sector weights in FIDU and VIS, widest gap first
Sector	More in FIDUMore in VIS	FIDU	VIS
Industrials	Same weight	92.0%	92.0%
Technology	Same weight	6.4%	6.4%
Consumer Discretionary	Same weight	0.8%	0.8%
Utilities	FIDU +0.1 points	0.1%	0.0%
Materials	Same weight	0.5%	0.5%
Financials	Same weight	0.2%	0.2%
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 VIS, widest gap first
Country	More in FIDUMore in VIS	FIDU	VIS
United States	VIS +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%
VIS30.9%

Securities held

FIDU361
VIS397

Asset class

FIDU: Equity
VIS: Equity

Holdings

Only in FIDU22
In both339
Only in VIS58

Only in FIDU

22 securities, 7.9% 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%
Allegion PLC0.24%
State Street 60 Day Money Mark0.16%
Pentair PLC0.16%
Cnh Industrial NV A0.15%
Forgent Power Solutions Inc0.08%
U-Haul Holding Co0.08%
Fortune Brands Innovations Inc0.07%
Csw Industrials Inc0.07%
Solv Energy Inc0.01%
Equipmentshare.com Inc0.01%
Xenergy Inc<0.01%
Rush Enterprises Inc Class B<0.01%
Onterris Inc<0.01%
Aebi Schmidt Holding AG<0.01%
U Haul Holding Co<0.01%
Distribution Solutions Group I<0.01%
Cardinal Infrstrctr Grp Inc<0.01%

Only in VIS

58 securities, 5.9% of VIS by weight

Eaton Corp PLC2.51%
Johnson Controls International plc1.36%
Waste Connections Inc0.53%
Southwest Airlines Co0.29%
Allegion plc0.20%
CNH Industrial NV0.17%
Pentair PLC0.13%
Arcosa Inc0.11%
CSW Industrials Inc0.07%
SLBBH11420.06%
Fortune Brands Innovations Inc0.06%
Madison Air Solutions Corp0.05%
Atkore Inc0.05%
ACV Auctions Inc0.03%
Manitowoc Co Inc/The0.01%
Bowman Consulting Group Ltd<0.01%
3D Systems Corp<0.01%
Miller Industries Inc/TN<0.01%
Park Aerospace Corp<0.01%
Ennis Inc<0.01%
BlueLinx Holdings Inc<0.01%
Insteel Industries Inc<0.01%
Hyliion Holdings Corp<0.01%
Titan Machinery Inc<0.01%
Wabash National Corp<0.01%
Luxfer Holdings PLC<0.01%
Kelly Services Inc<0.01%
Onterris Inc<0.01%
Columbus McKinnon Corp/NY<0.01%
Karat Packaging Inc<0.01%
Enviri Corp<0.01%
Mistras Group Inc<0.01%
Aebi Schmidt Holding AG<0.01%
ACCO Brands Corp<0.01%
Forward Air Corp<0.01%
Park-Ohio Holdings Corp<0.01%
Energy Recovery Inc<0.01%
Orion Group Holdings Inc<0.01%
Titan International Inc<0.01%
Civeo Corp<0.01%
Radiant Logistics Inc<0.01%
Quad/Graphics Inc<0.01%
Matrix Service Co<0.01%
Republic Airways Holdings Inc<0.01%
ChargePoint Holdings Inc<0.01%
Concrete Pumping Holdings Inc<0.01%
Conduent Inc<0.01%
Alight Inc<0.01%
AerSale Corp<0.01%
Hudson Technologies Inc<0.01%

Weight gaps

The 100 widest of 339 Holdings in both funds.

Holding weights in FIDU and VIS, widest gap first
Holding	More in FIDUMore in VIS	FIDU	VIS
Caterpillar IncCAT	VIS +1.16 points	4.46%	5.62%
Union Pacific CorpUNP	FIDU +0.57 points	2.68%	2.11%
Delta Air IncDAL	VIS +0.56 points	0.20%	0.76%
United Airlines Holdings IncUAL	VIS +0.41 points	0.13%	0.54%
Lockheed Martin CorpLMT	FIDU +0.41 points	2.00%	1.59%
Ge Vernova IncGEV	VIS +0.27 points	3.57%	3.84%
Rtx CorpRTX	FIDU +0.26 points	4.02%	3.76%
Bloom Energy Corp Class ABE	VIS +0.23 points	0.90%	1.13%
United Rentals IncURI	FIDU +0.18 points	1.12%	0.94%
Comfort Systems Usa IncFIX	VIS +0.18 points	0.70%	0.88%
Boeing CoBA	VIS +0.17 points	1.93%	2.10%
Automatic Data Processing IncADP	FIDU +0.16 points	1.71%	1.55%
Waste Management IncWM	FIDU +0.16 points	1.39%	1.23%
Northrop Grumman CorpNOC	FIDU +0.16 points	1.14%	0.98%
Csx CorpCSX	FIDU +0.15 points	1.45%	1.30%
United Parcel Service Inc Class BUPS	FIDU +0.15 points	1.20%	1.05%
Howmet Aerospace IncHWM	VIS +0.13 points	1.23%	1.36%
General Dynamics CorporationGD	FIDU +0.13 points	1.28%	1.15%
Emerson Electric CoEMR	FIDU +0.12 points	1.43%	1.31%
L3HARRIS Technologies IncLHX	FIDU +0.12 points	0.78%	0.66%
Cintas CorpCTAS	FIDU +0.11 points	1.11%	1.00%
Norfolk Southern CorpNSC	FIDU +0.11 points	1.15%	1.04%
American Airlines Group IncAAL	VIS +0.10 points	0.03%	0.13%
3M CoMMM	FIDU +0.09 points	1.38%	1.29%
Illinois Tool Works IncITW	FIDU +0.09 points	1.15%	1.06%
Rocket Lab CorpRKLB	VIS +0.08 points	0.48%	0.56%
Uber Technologies IncUBER	VIS +0.09 points	1.75%	1.84%
Ww Grainger IncGWW	FIDU +0.08 points	0.90%	0.82%
Trane Technologies PLCTT	VIS +0.07 points	1.43%	1.50%
Republic Services IncRSG	FIDU +0.08 points	0.71%	0.63%
Kirby CorpKEX	VIS +0.08 points	0.03%	0.11%
Matson IncMATX	VIS +0.07 points	0.03%	0.10%
Equifax IncEFX	FIDU +0.07 points	0.32%	0.25%
Transdigm Group IncTDG	FIDU +0.07 points	0.98%	0.91%
Fedex CorpFDX	FIDU +0.07 points	1.01%	0.94%
Carpenter Technology CorpCRS	VIS +0.06 points	0.22%	0.28%
Paccar IncPCAR	VIS +0.06 points	0.81%	0.87%
Parker Hannifin CorpPH	VIS +0.06 points	1.75%	1.81%
Otis Worldwide CorpOTIS	FIDU +0.06 points	0.43%	0.37%
Nvent Electric PLCNVT	VIS +0.06 points	0.33%	0.39%
Deere & CoDE	VIS +0.05 points	2.40%	2.45%
Sterling Infrastructure IncSTRL	VIS +0.05 points	0.17%	0.22%
Paychex IncPAYX	FIDU +0.05 points	0.52%	0.47%
Alaska Air Group IncALK	VIS +0.04 points	0.02%	0.06%
Ferguson Enterprises IncFERG	FIDU +0.05 points	0.70%	0.65%
Honeywell Intl IncHON	FIDU +0.04 points	1.05%	1.01%
Fastenal CoFAST	FIDU +0.04 points	0.90%	0.86%
Emcor Group IncEME	VIS +0.04 points	0.46%	0.50%
Fortive CorpFTV	FIDU +0.05 points	0.28%	0.23%
Dover CorpDOV	FIDU +0.04 points	0.42%	0.38%
Skywest IncSKYW	VIS +0.05 points	0.01%	0.06%
Verisk Analytics IncVRSK	FIDU +0.04 points	0.37%	0.33%
Ftai Aviation LtdFTAI	FIDU +0.04 points	0.29%	0.25%
TransunionTRU	FIDU +0.04 points	0.22%	0.18%
Xylem IncXYL	VIS +0.04 points	0.32%	0.36%
Modine Manufacturing CoMOD	VIS +0.04 points	0.10%	0.14%
Masco CorporationMAS	FIDU +0.04 points	0.24%	0.20%
Ch Robinson Worldwide IncCHRW	VIS +0.03 points	0.23%	0.26%
Joby Aviation IncJOBY	VIS +0.03 points	0.02%	0.05%
Veralto CorpVLTO	FIDU +0.03 points	0.38%	0.35%
Mastec IncMTZ	VIS +0.04 points	0.16%	0.20%
Stanley Black & Decker IncSWK	FIDU +0.03 points	0.24%	0.21%
Leidos Holdings IncLDOS	FIDU +0.03 points	0.25%	0.22%
Api Group CorpAPG	FIDU +0.03 points	0.23%	0.20%
Vicor CorporationVICR	VIS +0.03 points	0.08%	0.11%
Ati IncATI	VIS +0.03 points	0.35%	0.38%
Jacobs Solutions IncJ	FIDU +0.03 points	0.27%	0.24%
Textron IncTXT	FIDU +0.03 points	0.23%	0.20%
Huntington Ingalls Industr IncHII	FIDU +0.03 points	0.19%	0.16%
Carlisle Cos IncCSL	FIDU +0.02 points	0.22%	0.20%
Ryder System IncR	FIDU +0.02 points	0.15%	0.13%
Copart IncCPRT	FIDU +0.03 points	0.38%	0.35%
Curtiss Wright CorporationCW	VIS +0.03 points	0.27%	0.30%
Broadridge Financial SolBR	FIDU +0.03 points	0.31%	0.28%
Ies Holdings IncIESC	VIS +0.03 points	0.06%	0.09%
Ingersoll Rand IncIR	FIDU +0.03 points	0.47%	0.44%
Booz Allen Hamilton Hldg Class ABAH	FIDU +0.02 points	0.15%	0.13%
Paycom Software IncPAYC	FIDU +0.03 points	0.16%	0.13%
Expeditors Intl of Wash IncEXPD	FIDU +0.03 points	0.39%	0.36%
Quanta Svcs IncPWR	VIS +0.02 points	1.43%	1.45%
Herc Holdings IncHRI	FIDU +0.02 points	0.08%	0.06%
Rockwell Automation IncROK	FIDU +0.02 points	0.75%	0.73%
Pitney-Bowes IncPBI	VIS +0.02 points	0.01%	0.03%
Graco IncGGG	VIS +0.02 points	0.17%	0.19%
Caci International IncCACI	FIDU +0.02 points	0.22%	0.20%
Fti Consulting IncFCN	FIDU +0.02 points	0.08%	0.06%
Allegiant Travel CoALGT	VIS +0.02 points	<0.01%	0.03%
Honeywell Aerospace IncHONA	FIDU +0.02 points	0.76%	0.74%
Dupont De Nemours IncDD	FIDU +0.02 points	0.28%	0.26%
Tetra Tech IncTTEK	FIDU +0.02 points	0.14%	0.12%
Rollins IncROL	FIDU +0.02 points	0.15%	0.13%
Heico Corp Class AHEI.A	FIDU +0.02 points	0.28%	0.26%
Vertiv Holdings CoVRT	FIDU +0.02 points	1.34%	1.32%
Applied Industrial Tech IncAIT	VIS +0.01 points	0.17%	0.18%
Jetblue Airways CorpJBLU	VIS +0.02 points	<0.01%	0.02%
Paylocity Holding CorpPCTY	FIDU +0.02 points	0.11%	0.09%
Mueller Industries IncMLI	VIS +0.01 points	0.18%	0.19%
Genpact LtdG	FIDU +0.01 points	0.09%	0.08%
Axon Enterprise IncAXON	FIDU +0.01 points	0.50%	0.49%
Toro CoTTC	FIDU +0.01 points	0.15%	0.14%

All 369 FIDU holdings⁠All 387 VIS 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 VIS Cost

Overpaying VIS vs FIDU

$125

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

FIDU 0.084%
$1,773
VIS 0.09%
$1,898

Amount$10,000

Years30 years

Cost over time

FIDU 0.084%
VIS 0.09%
Overpaying

Year by year

Year	FIDU	VIS	Overpaying
10	$154	$165	$11
20	$603	$646	$43
30	$1,773	$1,898	$125

Expense ratio

0.08%FIDU, cheaper
0.09%VIS

FIDU0.08%VIS0.09%

0.08%0.60%

Middle half of Industrials (Broad) funds
Median 0.33%

FIDU 2nd cheapest of 10 funds

VIS 3rd cheapest of 10 funds

FIDU vs VIS Dividends

Last 12 months to Oct 30, 2026

Yield (12M): FIDU 0.93%; VIS 0.96%, better
Payout (12M): FIDU $0.83; VIS $3.06
Last payment: FIDU $0.21; VIS $0.70
Ex-dividend: FIDU Sep 18, 2026; VIS Sep 23, 2026
Paid on: FIDU Sep 22, 2026; VIS Sep 25, 2026
Frequency: FIDU Quarterly; VIS Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

FIDUQuarterly · 41 paymentsAll FIDU payments⁠

VISQuarterly · 39 paymentsAll VIS payments⁠

FIDU vs VIS Risk

Fall from peak · 5 years

FIDU
VIS

Risk facts

VolatilityStd dev, 3 years: FIDU 16.9%VIS 16.9%
Return per unit of riskSharpe ratio, 3 years: FIDU 0.95VIS 0.96, better
Worst fallMax drawdown, 5 years: FIDU −22.9%, betterVIS −23.0%
Market sensitivityBeta, 5 years: FIDU 1.04VIS 1.05; Market = 1

Popular comparisons

FIDUAvsXLIA
Fidelity MSCI Industrials Index ETF · State Street Industrial Select Sector SPDR ETF
Expense ratio
0.08% · 0.08%
Category
VISBvsXLIA
Vanguard Industrials ETF · State Street Industrial Select Sector SPDR ETF
Expense ratio
0.09% · 0.08%
Category
FIDUAvsEXIC
Fidelity MSCI Industrials Index ETF · iShares Global Industrials ETF
Expense ratio
0.08% · 0.38%
Category
VISBvsEXIC
Vanguard Industrials ETF · iShares Global Industrials ETF
Expense ratio
0.09% · 0.38%
Category
FIDUAvsIYJC
Fidelity MSCI Industrials Index ETF · iShares U.S. Industrials ETF
Expense ratio
0.08% · 0.37%
Category
VISBvsIYJC
Vanguard Industrials ETF · iShares U.S. Industrials ETF
Expense ratio
0.09% · 0.37%
Category