FXR vs IYJ: Grades, Fees and Holdings Compared

First Trust Industrials/Producer Durables AlphaDEX Fund

FXRDNYSE Arca

iShares U.S. Industrials ETF

IYJCCboe

Overlap

37.8%by weight

Expense ratio

IYJ −0.23pt a year

FXR0.60%IYJ0.37%

Avg volume · 30D

IYJ 4.7×the volume

FXR27.4KIYJ130K

10Y return · a year

FXR +0.3pt

FXR+12.2%IYJ+11.9%

FXR vs IYJ Performance

Nov 9, 2021 – Nov 9, 2026

+48.6%FXR+48.3%IYJ

Expense ratio: FXR 0.60%; IYJ 0.37%, better
Fund size: FXR $707M; IYJ $1.79B
1Y total return: FXR +17.0%, better; IYJ +11.2%
Yield (12M): FXR 0.74%, better; IYJ 0.66%
Holdings: FXR 160; IYJ 217
Avg volume (30D): FXR 27.4K sh; IYJ 130K sh, better
NAV per share: FXR $86.69; IYJ $155.44
52W range

ETF.net Grade

Pillar letters and Scores for FXR, IYJ, with each pillar’s weight
Pillar	FXR	IYJ
Cost30% weight	F11	C41Higher
Mission25% weight	B62	Not scored
Risk15% weight	C44	B62Higher
Tradability15% weight	D26	B68Higher
Holdings10% weight	A84Higher	C45
Durability5% weight	C42	B67Higher

Rank among Industrials (Broad) funds

How we build Categories ›

Same Category. FXR and IYJ 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 ›

IYJ ranks 4th and FXR 9th 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 4CIYJiShares U.S. Industrials ETFScore 53
Rank 5CEXIiShares Global Industrials ETFScore 52
Rank 8CTRUIVanEck Industrials TruSector ETFScore 40
Rank 9DFXRFirst Trust Industrials/Producer Durables AlphaDEX FundScore 32
Rank 10FPRNInvesco Dorsey Wright Industrials Momentum ETFScore 25

Our read on each fund

ETF.net Research

FXRDFirst Trust Industrials/Producer Durables AlphaDEX Fund

IYJCiShares U.S. Industrials ETF

In short

FXR Industrials, but not by size. FXR ranks US industrial names on growth and value metrics, drops the weakest, then weights the survivors in tiers. A 2007-vintage smart-beta spin on planes, trains and machinery.

IYJ Industrials with a wider net: roughly 200 construction, manufacturing and transport names drawn from the Russell 1000, not just the S&P 500 blue chips. An iShares original, trading since 2000.

Stated mandate

FXR The Fund seeks investment results that generally correspond to the price and yield, before fees and expenses, of the StrataQuant® Industrials Index.

IYJ The fund seeks to track an index of U.S. industrial-sector equities, providing diversified access to companies involved in construction, manufacturing, and transportation.

Why people hold it

FXR The AlphaDEX screen scores industrials on growth and value metrics, cuts the lowest-ranked names, and weights what's left by rank rather than market cap.ftportfolios.com firsttrust.ca
Roughly 140 holdings, sorted into tiers and equal-weighted inside each tier, so mid-cap machinery and transport names carry real weight instead of a handful of megacaps steering the fund.firsttrust.ca
Running since 2007, one of the original factor-screened sector funds, and it has stayed tight to its StrataQuant Industrials Index. Pays quarterly.

IYJ Casts a wider net than S&P 500 sector funds: roughly 200 holdings pulled from the Russell 1000 industrials, so mid-cap machinery, transport and services names make the cut.blackrock.com ssga.com
The index is a capped build, trimming outsized single-stock weights at rebalance to stay inside fund diversification limits. One mega-cap industrial can't quietly take over.lseg.com
Listed since June 2000 and now a multi-billion-dollar fund that pays quarterly. Long operating history through several industrial cycles, run by the biggest ETF shop around.

Worth knowing

FXR The screen costs money: 0.60% a year, against 0.08% for XLI and 0.09% for VIS. That gap is the price of the ranking rules.
Thinly traded next to the sector's household-name ETFs, which can mean wider bid-ask spreads, especially around the open and close.
Tiered weighting tilts the portfolio smaller than the cap-weighted sector, so results and volatility can diverge from the industrials index most people quote.firsttrust.ca

IYJ Breadth costs: 0.37% sits near the industrials category median, but plain-vanilla rivals XLI (0.08%), FIDU (0.084%) and VIS (0.09%) charge a fraction of it.
Still market-cap weighted under the caps, so the largest industrials set the tone while the long tail of mid caps carries small weights.blackrock.com
One sector, one cycle: construction, manufacturing and transportation earnings swing with the economy, so this moves on industrial news, not the whole market's.

Full FXR profile⁠

Full IYJ profile⁠

FXR vs IYJ Holdings

How FXR and IYJ differ

Overlap by weight

37.8%

Shared holdings make up 99.9% of FXR and 80.2% of IYJ.

Level by level

Sector15 Sectors12.6%
Holdings159 in both37.8%
Countryby domicile97.0%
Asset classStocks100%

Sector

Sector weights in FXR and IYJ, widest gap first
Sector	Gap	FXR	IYJ
Industrials	FXR +60.4 points	60.4%	0.0%
Capital Goods	IYJ +54.5 points	0.0%	54.5%
Technology	FXR +15.1 points	15.1%	0.0%
Financials	IYJ +14.9 points	7.5%	22.4%
Consumer Discretionary	FXR +9.6 points	9.6%	0.0%
Transportation	IYJ +8.2 points	0.0%	8.2%
Commercial & Professional Services	IYJ +5.2 points	0.0%	5.2%
Software & Services	IYJ +2.3 points	0.0%	2.3%
Tech Hardware & Equip	IYJ +1.5 points	0.0%	1.5%
Materials	FXR +1.4 points	6.5%	5.1%
Health Care	FXR +0.9 points	0.9%	0.0%
Pharma, Biotech & Life Sciences	IYJ +0.4 points	0.0%	0.4%
Consumer Durables	IYJ +0.2 points	0.0%	0.2%
Semiconductors & Semiconductor Equipment	IYJ +0.2 points	0.0%	0.2%
Consumer Services	IYJ +0.1 points	0.0%	0.1%

Country, concentration and asset class

Country by domicile

Country weights in FXR and IYJ, widest gap first
Country	Gap	FXR	IYJ
United States	IYJ +2.9 points	96.2%	99.1%
United Kingdom	FXR +1.2 points	1.7%	0.5%
India	FXR +1.2 points	1.3%	0.1%
Ireland	FXR +0.5 points	0.8%	0.3%
Germany	Same weight	0.0%	0.0%

Concentration

Weight in the 10 largest Holdings

FXR13.0%
IYJ37.0%

Securities held

FXR159
IYJ214

Asset class

FXR: Stocks
IYJ: Stocks

Holdings

Only in FXR0
In both159
Only in IYJ55

Only in FXR

0 securities, 0.0% of FXR by weight

Only in IYJ

55 securities, 19.7% of IYJ by weight

Rtx3.19%
Deere2.07%
Parker-Hannifin1.45%
Emerson Electric1.14%
Howmet Aerospace1.02%
Illinois Tool Inc1.01%
Sherwin Williams0.98%
Transdigm Group0.84%
Ametek Inc0.65%
Westinghouse Air Brake Technologie0.60%
Block Class A0.56%
Carrier Global0.51%
Mettler Toledo0.43%
Verisk Analytics0.33%
Axon Enterprise0.30%
Heico Class A0.24%
Itt Inc0.23%
Ftai Aviation0.23%
Jacobs Solutions Inc0.22%
Curtiss Wright0.21%
Nordson0.20%
Api Group0.19%
Zebra Technologies Corp Class A0.19%
Ch Robinson Worldwide0.18%
Heico0.18%
Wesco International0.17%
Trimble Inc0.16%
Qxo0.14%
Mastec Inc0.14%
Bwx Technologies Inc0.14%
Generac Holdings0.13%
Cnh Industrial N.v.0.13%
Crane0.12%
Owens Corning0.12%
Littelfuse0.11%
Cognex0.10%
Axalta Coating Systems0.10%
Ralliant0.09%
James Hardie Industries PLC0.09%
Kratos Defense and Security Soluti0.08%
Aurora Innovation Class A0.07%
Sensata Technologies Holding PLC0.07%
Brunswick Corp0.06%
Louisiana Pacific0.06%
Bill Holdings0.06%
Aerovironment0.05%
Robert Half0.05%
Aaon0.05%
Powell Industries Inc0.05%
Forgent Power Solutions Class A0.05%

Weight gaps

The 100 widest of 159 Holdings in both funds.

Holding weights in FXR and IYJ, widest gap first
Holding	Gap	FXR	IYJ
Visa Inc. (Class A)V	IYJ +8.25 points	0.69%	8.94%
Mastercard IncorporatedMA	IYJ +6.12 points	0.46%	6.58%
GE AerospaceGE	IYJ +3.97 points	0.20%	4.17%
Caterpillar Inc.CAT	IYJ +2.77 points	0.40%	3.17%
GE Vernova Inc.GEV	IYJ +2.28 points	0.32%	2.60%
Union Pacific CorporationUNP	IYJ +1.94 points	0.21%	2.15%
American Express CompanyAXP	IYJ +1.89 points	0.21%	2.10%
ADT Inc.ADT	FXR +1.57 points	1.64%	0.07%
The Boeing CompanyBA	IYJ +1.46 points	0.18%	1.64%
Genpact LimitedG	FXR +1.23 points	1.31%	0.08%
Graphic Packaging Holding CompanyGPK	FXR +1.21 points	1.25%	0.04%
Pentair plcPNR	FXR +1.17 points	1.30%	0.13%
The Western Union CompanyWU	FXR +1.15 points	1.18%	0.03%
Silgan Holdings Inc.SLGN	FXR +1.15 points	1.20%	0.05%
TransUnionTRU	FXR +1.15 points	1.34%	0.19%
Amentum Holdings, Inc.AMTM	FXR +1.15 points	1.19%	0.04%
Mohawk Industries, Inc.MHK	FXR +1.12 points	1.22%	0.10%
Euronet Worldwide, Inc.EEFT	FXR +1.11 points	1.14%	0.03%
Automatic Data Processing, Inc.ADP	IYJ +1.06 points	0.46%	1.52%
Eaton Corporation PlcETN	IYJ +1.04 points	0.62%	1.66%
Eagle Materials Inc.EXP	FXR +1.03 points	1.10%	0.07%
Midera Food Processing Inc.MFP	FXR +1.03 points	1.05%	0.02%
Lockheed Martin CorporationLMT	IYJ +1.00 points	0.44%	1.44%
Hayward Holdings, Inc.HAYW	FXR +1.00 points	1.04%	0.04%
Fiserv, Inc.FISV	FXR +0.99 points	1.41%	0.42%
Sonoco Products CompanySON	FXR +0.98 points	1.04%	0.06%
Vontier CorporationVNT	FXR +0.98 points	1.05%	0.07%
The Middleby CorporationMIDD	FXR +0.96 points	1.03%	0.07%
Oshkosh CorporationOSK	FXR +0.95 points	1.05%	0.10%
Trane Technologies plcTT	IYJ +0.94 points	0.17%	1.11%
CSX CorporationCSX	IYJ +0.93 points	0.21%	1.14%
Textron Inc.TXT	FXR +0.93 points	1.11%	0.18%
Allison Transmission Holdings, Inc.ALSN	FXR +0.92 points	1.04%	0.12%
ExlService Holdings, Inc.EXLS	FXR +0.90 points	0.98%	0.08%
Accenture plcACN	IYJ +0.88 points	1.11%	1.99%
Paylocity Holding CorporationPCTY	FXR +0.86 points	0.95%	0.09%
Booz Allen Hamilton Holding CorporationBAH	FXR +0.83 points	0.96%	0.13%
Corpay, Inc.CPAY	FXR +0.82 points	1.18%	0.36%
Amcor plcAMCR	FXR +0.82 points	1.08%	0.26%
AptarGroup, Inc.ATR	FXR +0.81 points	0.92%	0.11%
A.O. Smith CorporationAOS	FXR +0.81 points	0.90%	0.09%
Simpson Manufacturing Co., Inc.SSD	FXR +0.80 points	0.90%	0.10%
Stanley Black & Decker, Inc.SWK	FXR +0.80 points	1.02%	0.22%
Jack Henry & Associates, Inc.JKHY	FXR +0.80 points	0.95%	0.15%
Ryder System, Inc.R	FXR +0.80 points	0.92%	0.12%
FTI Consulting, Inc.FCN	FXR +0.78 points	0.85%	0.07%
WEX Inc.WEX	FXR +0.78 points	0.85%	0.07%
Synchrony FinancialSYF	FXR +0.75 points	1.05%	0.30%
3M CompanyMMM	IYJ +0.75 points	0.44%	1.19%
Vertiv Holdings Co (Class A)VRT	IYJ +0.73 points	0.15%	0.88%
General Dynamics CorporationGD	IYJ +0.71 points	0.42%	1.13%
Huntington Ingalls Industries, Inc.HII	FXR +0.71 points	0.85%	0.14%
Ball CorporationBALL	FXR +0.70 points	0.92%	0.22%
Capital One Financial CorporationCOF	IYJ +0.70 points	0.82%	1.52%
Fidelity National Information Services, Inc.FIS	FXR +0.69 points	0.88%	0.19%
Acuity Inc.AYI	FXR +0.70 points	0.82%	0.12%
Norfolk Southern CorporationNSC	IYJ +0.70 points	0.20%	0.90%
StandardAero, Inc.SARO	FXR +0.68 points	0.76%	0.08%
ESAB CorporationESAB	FXR +0.68 points	0.74%	0.06%
AGCO CorporationAGCO	FXR +0.68 points	0.76%	0.08%
FedEx Freight Holding Company, Inc.FDXF	FXR +0.67 points	0.88%	0.21%
SiteOne Landscape Supply, Inc.SITE	FXR +0.67 points	0.73%	0.06%
Sunbelt Rentals Holdings, Inc.SUNB	FXR +0.67 points	1.06%	0.39%
Global Payments Inc.GPN	FXR +0.65 points	0.93%	0.28%
GXO Logistics, Inc.GXO	FXR +0.65 points	0.73%	0.08%
Gates Industrial Corporation Ltd.GTES	FXR +0.64 points	0.72%	0.08%
Kirby CorporationKEX	FXR +0.64 points	0.72%	0.08%
Cummins Inc.CMI	IYJ +0.61 points	0.17%	0.78%
PPG Industries, Inc.PPG	FXR +0.58 points	0.92%	0.34%
Builders FirstSource, Inc.BLDR	FXR +0.56 points	0.64%	0.08%
Snap-on IncorporatedSNA	FXR +0.56 points	0.79%	0.23%
Core & Main, Inc. (Class A)CNM	FXR +0.54 points	0.65%	0.11%
Equifax Inc.EFX	FXR +0.53 points	0.81%	0.28%
Crown Holdings, Inc.CCK	FXR +0.52 points	0.68%	0.16%
PayPal Holdings, Inc.PYPL	FXR +0.51 points	1.14%	0.63%
Regal Rexnord CorpRRX	FXR +0.50 points	0.64%	0.14%
Cintas CorporationCTAS	IYJ +0.50 points	0.45%	0.95%
Smurfit Westrock PlcSW	FXR +0.49 points	0.78%	0.29%
Schneider National, Inc. (Class B)SNDR	FXR +0.49 points	0.51%	0.02%
Advanced Drainage Systems, Inc.WMS	FXR +0.47 points	0.58%	0.11%
IES Holdings, Inc.IESC	FXR +0.47 points	0.50%	0.03%
Everus Construction Group, Inc.ECG	FXR +0.46 points	0.51%	0.05%
nVent Electric plcNVT	FXR +0.46 points	0.67%	0.21%
RPM International Inc.RPM	FXR +0.46 points	0.62%	0.16%
Lennox International Inc.LII	FXR +0.44 points	0.57%	0.13%
Lincoln Electric Holdings, Inc.LECO	FXR +0.43 points	0.61%	0.18%
Fortune Brands Innovations Inc.FBIN	FXR +0.42 points	0.49%	0.07%
Trex Company, Inc.TREX	FXR +0.42 points	0.49%	0.07%
Valmont Industries, Inc.VMI	FXR +0.41 points	0.51%	0.10%
UL Solutions Inc. (Class A)ULS	FXR +0.39 points	0.47%	0.08%
Graco Inc.GGG	FXR +0.38 points	0.52%	0.14%
Dycom Industries, Inc.DY	FXR +0.37 points	0.45%	0.08%
CRH PlcCRH	FXR +0.37 points	1.16%	0.79%
Tetra Tech, Inc.TTEK	FXR +0.35 points	0.48%	0.13%
Affirm Holdings, Inc. (Class A)AFRM	FXR +0.34 points	0.58%	0.24%
United Parcel Service, Inc. (Class B)UPS	IYJ +0.33 points	0.68%	1.01%
Armstrong World Industries, Inc.AWI	FXR +0.32 points	0.41%	0.09%
Johnson Controls International PlcJCI	IYJ +0.31 points	0.71%	1.02%
Dover CorporationDOV	FXR +0.30 points	0.64%	0.34%
MSA Safety IncorporatedMSA	FXR +0.29 points	0.37%	0.08%

All 159 FXR holdings⁠All 214 IYJ 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.

FXR vs IYJ Cost

Overpaying FXR vs IYJ

$4,304

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

FXR 0.60%
$11,817
IYJ 0.37%
$7,513

Amount$10,000

Years30 years

Cost over time

FXR 0.60%
IYJ 0.37%
Overpaying

Year by year

Year	FXR	IYJ	Overpaying
10	$1,076	$670	$406
20	$4,116	$2,590	$1,526
30	$11,817	$7,513	$4,304

Expense ratio

0.60%FXR
0.37%IYJ, cheaper

IYJ0.37%FXR0.60%

0.08%0.60%

Middle half of Industrials (Broad) funds
Median 0.33%

IYJ 6th cheapest of 10 funds

FXR 9th cheapest of 10 funds

FXR vs IYJ Dividends

Last 12 months to Nov 9, 2026

Yield (12M): FXR 0.74%, better; IYJ 0.66%
Payout (12M): FXR $0.66; IYJ $1.06
Last payment: FXR $0.25; IYJ $0.30
Ex-dividend: FXR Sep 24, 2026; IYJ Sep 15, 2026
Paid on: FXR Sep 30, 2026; IYJ Sep 18, 2026
Frequency: FXR Quarterly; IYJ Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

FXRQuarterly · 37 paymentsAll FXR payments⁠

IYJQuarterly · 39 paymentsAll IYJ payments⁠

FXR vs IYJ Risk

Fall from peak · 5 years

Risk facts

VolatilityStd dev, 3 years: FXR 18.8%IYJ 15.3%, better
Return per unit of riskSharpe ratio, 3 years: FXR 0.74IYJ 0.92, better
Worst fallMax drawdown, 5 years: FXR −26.9%IYJ −26.0%, better
Market sensitivityBeta, 5 years: FXR 1.08IYJ 1.01; Market = 1

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