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FIDUvsPPAETF Comparison

ETF 1

FIDU

Fidelity MSCI Industrials Index ETF

This fund is part of

US Industrials

+0.02%

Full FIDU fund page

VS

ETF 2

PPA

Invesco Aerospace & Defense ETF

Full PPA fund page

Fidelity MSCI Industrials Index ETF (FIDU) belongs to the US Industrials segment. Invesco Aerospace & Defense ETF (PPA) is part of the segment. Both ETFs have the same top 3 sector exposures: Industrials, Information Technology and Materials. FIDU is less expensive with a Total Expense Ratio (TER) of 0.08%, versus 0.58% for PPA. FIDU is up 13.25% year-to-date (YTD) with +$295M in YTD flows. PPA performs worse with 5.91% YTD performance, and +$716M in YTD flows. Run a side-by-side ETF comparison of FIDU and PPA below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.

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FIDU vs PPA performance and flow charts

Performance

Cumulative Flows

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Daily, global ETF data for advanced analysis or integration into apps (API), from our partner Trackinsight.

Data Services

Historic performance and flows

Data as of 04/24/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	FIDU PPA	+6.14%+0.89%	+5.47%-6.84%	+13.25%+5.91%	+38.87%+38.24%	+84.06%+110.97%	+85.02%+129.08%
Flows	FIDU PPA	+$51M+$80M	+$277M+$563M	+$295M+$716M	+$340M+$1.43B	+$657M+$2.97B	+$571M+$4.02B

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	FIDU PPA	+20.83%+23.39%	+16.12%+18.22%	+17.09%+17.47%	+18.20%+18.26%
Max drawdown	FIDU PPA	-12.26%-13.68%	-12.26%-13.68%	-20.28%-15.16%	-22.91%-18.41%
Max drawdown duration	FIDU PPA	53d56d	53d56d	212d171d	589d227d

Trading data

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	FIDU	PPA
Last sale 4/28/2026 at 1:56 PM	$92.19	$164.58
Previous close 04/27/2026	$93.19	$165.81
Consolidated volume 04/27/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of March 31, 2026

1-year trailing difference

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	FIDU	PPA
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 4/28/2026 at 1:56 PM

Live

Closed

	FIDU	PPA
Last price	$92.19	$164.58
1D performance	-1.07%	-0.74%
AuM	$2.04 B	$7.93 B
E/R	0.08%	0.58%

Characteristics

	FIDU	PPA
Management strategy	Passive	Passive
Provider	Fidelity	Invesco
Benchmark	MSCI USA IMI Industrials 25/50 Index	SPADE Defense Index
N° of holdings	320	51
Asset class	-	Equities
Trailing 12m distribution yield	Join	Join
Inception date	October 21, 2013	October 26, 2005
ESG	No	No

More FIDU data on Trackinsight

More PPA data on Trackinsight

Exposure

Countries

FIDU

USA

92.75%

Other

7.25%

PPA

USA

93.85%

Other

6.15%

Sectors

FIDU

Industrials

88.59%

Other

11.41%

PPA

Industrials

87.55%

Other

12.45%

Diversification

FIDU

Total weight of top 15 holdings out of 15

39.19%

PPA

Total weight of top 15 holdings out of 15

72.93%

Top 15 holdings

Data as of March 31, 2026

FIDU

CATERPILLAR

5.14%

GENERAL ELECTRIC

4.70%

RAYTHEON TECHNOLOGIES CORPORD

4.04%

US36828A1016

3.70%

BOEING U

2.38%

DEERE

2.33%

HONEYWELL INTL

2.23%

UNION PACIFIC U

2.21%

UBER TECHNOLOGIES INC

2.17%

EATON CORP PLC

2.17%

LOCKHEED MARTIN

2.04%

PARKER HANNIFIN

1.78%

NORTHROP GRUMMAN

1.46%

VERTIV HOLDINGS

1.43%

WASTE MANAGEMENT

1.42%

PPA

LOCKHEED MARTIN

9.36%

RAYTHEON TECHNOLOGIES CORPORD

8.76%

GENERAL ELECTRIC

7.70%

BOEING U

7.53%

NORTHROP GRUMMAN

6.36%

GENERAL DYNAMICS

5.21%

L3 HARRIS TECHNOLOGIES

4.52%

HONEYWELL INTL

4.43%

HOWMET AEROSPACE INC

4.26%

ELBIT SYSTEMS

3.57%

PARKER HANNIFIN

3.20%

TRANSDIGM GROUP

2.41%

AMPHENOL

2.28%

EATON CORP PLC

1.84%

CURTISS WRIGHT

1.49%

Frequently asked questions about FIDU and PPA

How have the FIDU and PPA ETFs performed in 2026?

As of April 24, 2026, FIDU is up 13.25% year-to-date (YTD), while PPA has returned 5.91%. That puts FIDU better performer ahead so far this year.

Which ETF is attracting more investor money: FIDU or PPA?

Year-to-date, the FIDU ETF saw +$295M in flows, compared to +$716M for PPA.

Which ETF is more volatile: FIDU or PPA?

Over the past year, FIDU had a volatility of 16.12%, while PPA experienced 18.22%.

Which ETF is bigger: FIDU or PPA?

As of April 24, 2026, FIDU holds $2.04 B in assets under management (AUM), while PPA manages $7.93 B.

What sectors do the FIDU and PPA ETFs invest in?

FIDU leans toward sectors like Industrials. Meanwhile, PPA focuses on Industrials.

What are the top holdings of the FIDU ETF and PPA ETF?

FIDU top holdings include CATERPILLAR, GENERAL ELECTRIC and RAYTHEON TECHNOLOGIES CORPORD. PPA holds in its top three: LOCKHEED MARTIN, RAYTHEON TECHNOLOGIES CORPORD and GENERAL ELECTRIC.

FIDUvsPPAETF Comparison

Fidelity MSCI Industrials Index ETF

Invesco Aerospace & Defense ETF

FIDU vs PPA performance and flow charts

Performance

Cumulative Flows

Get all the metrics on this page, and more, through a reliable ETF data feed

Countries

Sectors

Diversification

Top 15 holdings

How have the FIDU and PPA ETFs performed in 2026?

As of April 24, 2026, FIDU is up 13.25% year-to-date (YTD), while PPA has returned 5.91%. That puts FIDU better performer ahead so far this year.

Which ETF is attracting more investor money: FIDU or PPA?

Year-to-date, the FIDU ETF saw +$295M in flows, compared to +$716M for PPA.

Which ETF is more volatile: FIDU or PPA?

Over the past year, FIDU had a volatility of 16.12%, while PPA experienced 18.22%.

Which ETF is bigger: FIDU or PPA?

As of April 24, 2026, FIDU holds $2.04 B in assets under management (AUM), while PPA manages $7.93 B.

What sectors do the FIDU and PPA ETFs invest in?

FIDU leans toward sectors like Industrials. Meanwhile, PPA focuses on Industrials.

What are the top holdings of the FIDU ETF and PPA ETF?

FIDU top holdings include CATERPILLAR, GENERAL ELECTRIC and RAYTHEON TECHNOLOGIES CORPORD. PPA holds in its top three: LOCKHEED MARTIN, RAYTHEON TECHNOLOGIES CORPORD and GENERAL ELECTRIC.

Which ETF is more diversified: FIDU or PPA?

FIDU holds 361 securities with 39.19% of its assets in the top 15. PPA has 60 securities and a top 15 weight of 72.93%.

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