BROUGHT TO YOU BY:

ETF Portfolio Builder

New

ETF Portfolio Builder

New

FIDUvsPPAETF Comparison

ETF 1

FIDU

Fidelity MSCI Industrials Index ETF

This fund is part of

US Industrials

+0.26%

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. FIDU's top 3 sector exposures are Industrials, Business Services and Non-Energy Materials. In contrast, PPA's top sector exposures are Industrials, Technology and Non-Energy Materials. FIDU is less expensive with a Total Expense Ratio (TER) of 0.084%, versus 0.58% for PPA. FIDU is up 17.98% year-to-date (YTD) with +$515M in YTD flows. PPA performs worse with 12% YTD performance, and +$629M 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.

Find out how industry players manage ETF portfolios. Discover our library of Model portfolios

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

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 07/23/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	FIDU PPA	+0.73%+2.43%	+3.23%+5.63%	+17.98%+12.00%	+20.84%+20.21%	+72.72%+109.93%	+89.90%+142.29%
Flows	FIDU PPA	+$58M+$13M	+$239M-$91M	+$515M+$629M	+$539M+$1.02B	+$862M+$2.88B	+$752M+$3.96B

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	FIDU PPA	+20.09%+23.53%	+17.69%+20.51%	+17.45%+18.32%	+18.41%+18.61%
Max drawdown	FIDU PPA	-5.04%-8.09%	-12.26%-13.68%	-20.28%-15.16%	-22.91%-18.41%
Max drawdown duration	FIDU PPA	23d18d	64d144d	212d171d	589d227d

Trading data

Create an account to view trading data

Join for free

	FIDU	PPA
Last sale 7/27/2026 at 6:41 PM	$96.37	$177.10
Previous close 07/24/2026	$96.84	$175.26
Consolidated volume 07/24/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of June 30, 2026

1-year trailing difference

Create an account to view replication metrics

Join for free

Create an account to view replication quality

Join for free

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

Main metrics

Last update 7/27/2026 at 6:41 PM

Live

Closed

	FIDU	PPA
Last price	$96.37	$177.10
1D performance	-0.49%	+1.05%
AuM	$2.35 B	$8.29 B
E/R	0.084%	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	355	60
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

93.07%

Other

6.93%

PPA

USA

89.53%

Other

10.47%

Sectors

FIDU

Industrials

85.33%

Other

14.67%

PPA

Industrials

83.1%

Other

16.9%

Diversification

FIDU

Total weight of top 15 holdings out of 15

39.88%

PPA

Total weight of top 15 holdings out of 15

67.56%

Top 15 holdings

Data as of June 30, 2026

FIDU

Caterpillar, Inc.

6.74%

GE Aerospace

5.32%

GE Vernova, Inc.

4.01%

RTX Corp.

3.44%

Eaton Corp. Plc

2.23%

The Boeing Co.

2.23%

Union Pacific Corp.

2.18%

Deere & Co.

2.10%

Honeywell International, Inc.

2.01%

Uber Technologies, Inc.

1.77%

Parker-Hannifin Corp.

1.71%

Vertiv Holdings Co.

1.62%

Trane Technologies Plc

1.53%

Howmet Aerospace, Inc.

1.50%

Quanta Services, Inc.

1.48%

PPA

GE Aerospace

9.76%

The Boeing Co.

8.44%

RTX Corp.

7.44%

Lockheed Martin Corp.

6.11%

Howmet Aerospace, Inc.

4.51%

General Dynamics Corp.

4.45%

Parker-Hannifin Corp.

3.89%

Northrop Grumman Corp.

3.76%

L3Harris Technologies, Inc.

3.34%

Elbit Systems Ltd.

2.98%

TransDigm Group, Inc.

2.92%

Rocket Lab Corp.

2.77%

Amphenol Corp.

2.54%

US4385162056

2.42%

US43849R1059

2.22%

Frequently asked questions about FIDU and PPA

How have the FIDU and PPA ETFs performed in 2026?

As of July 23, 2026, FIDU is up 17.98% year-to-date (YTD), while PPA has returned 12%. 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 +$515M in flows, compared to +$629M for PPA.

Which ETF is more volatile: FIDU or PPA?

Over the past year, FIDU had a volatility of 17.69%, while PPA experienced 20.51%.

Which ETF is bigger: FIDU or PPA?

As of July 23, 2026, FIDU holds $2.35 B in assets under management (AUM), while PPA manages $8.29 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, Inc., GE Aerospace and GE Vernova, Inc.. PPA holds in its top three: GE Aerospace, The Boeing Co. and RTX Corp..

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 July 23, 2026, FIDU is up 17.98% year-to-date (YTD), while PPA has returned 12%. 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 +$515M in flows, compared to +$629M for PPA.

Which ETF is more volatile: FIDU or PPA?

Over the past year, FIDU had a volatility of 17.69%, while PPA experienced 20.51%.

Which ETF is bigger: FIDU or PPA?

As of July 23, 2026, FIDU holds $2.35 B in assets under management (AUM), while PPA manages $8.29 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, Inc., GE Aerospace and GE Vernova, Inc.. PPA holds in its top three: GE Aerospace, The Boeing Co. and RTX Corp..

Which ETF is more diversified: FIDU or PPA?

FIDU holds 359 securities with 39.88% of its assets in the top 15. PPA has 61 securities and a top 15 weight of 67.56%.

ETF Model Portfolios: The Geopolitical Risk Thematic Hedge

Trump’s “Big Beautiful Bill” Passes Final Vote: ETF Winners & Losers

ETF Comparison: Invesco Aerospace & Defense ETF (PPA) Versus SPDR S&P Aerospace & Defense ETF (XAR)

Are Aerospace & Defense ETFs Overbought and Overvalued Right Now?

MoneyShow Chart of the Day 6/18/25: Defense Stock Strength is Nothing NEW

MoneyShow Chart of the Day 6/18/25: Defense Stock Strength is Nothing NEW

ETFs Reveal a Growing Gap in U.S. vs. EU Defense Stock Performance

ETF Comparison: SPDR S&P Aerospace & Defense ETF (XAR) Versus Invesco Aerospace & Defense ETF (PPA)

The ETF Industry Is Evolving Fast