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FIDUvsPPAETF Comparison

ETF 1

FIDU

Fidelity MSCI Industrials Index ETF

This fund is part of

US Industrials

-1.25%

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 Business Services. FIDU is less expensive with a Total Expense Ratio (TER) of 0.084%, versus 0.58% for PPA. FIDU is up 6.44% year-to-date (YTD) with +$640M in YTD flows. PPA performs worse with -1.33% YTD performance, and +$656M 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 10/23/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	FIDU PPA	-3.59%-3.54%	-9.78%-11.42%	+6.44%-1.33%	+6.23%-2.41%	+73.37%+95.36%	+66.82%+111.01%
Flows	FIDU PPA	-$70M-$28M	+$130M+$41M	+$640M+$656M	+$694M+$718M	+$941M+$2.72B	+$904M+$4.00B

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	FIDU PPA	+16.62%+18.01%	+18.41%+21.21%	+17.66%+18.64%	+18.57%+18.84%
Max drawdown	FIDU PPA	-12.04%-17.14%	-12.33%-17.34%	-20.28%-17.34%	-22.91%-18.41%
Max drawdown duration	FIDU PPA	68d68d	115d235d	212d235d	589d227d

Trading data

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	FIDU	PPA
Last sale 10/23/2026 at 1:30 PM	$87.10	$154.03
Previous close 10/22/2026	$88.14	$154.53
Consolidated volume 10/22/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of September 30, 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 10/23/2026 at 1:30 PM

Live

Closed

	FIDU	PPA
Last price	$87.10	$154.03
1D performance	-1.18%	-0.32%
AuM	$2.23 B	$7.28 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	357	61
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

93.52%

Other

6.48%

PPA

USA

93.91%

Other

6.09%

Sectors

FIDU

Industrials

83.64%

Business Services

8.04%

Other

8.32%

PPA

Industrials

86.69%

Other

13.31%

Diversification

FIDU

Total weight of top 15 holdings out of 15

38.91%

PPA

Total weight of top 15 holdings out of 15

68.17%

Top 15 holdings

Data as of August 31, 2026

FIDU

Caterpillar, Inc.

5.31%

GE Aerospace

5.12%

RTX Corp.

4.10%

GE Vernova, Inc.

3.52%

Union Pacific Corp.

2.63%

The Boeing Co.

2.26%

Eaton Corp. Plc

2.25%

Deere & Co.

2.21%

Uber Technologies, Inc.

2.02%

Parker-Hannifin Corp.

1.81%

Lockheed Martin Corp.

1.69%

Automatic Data Processing, Inc.

1.66%

Howmet Aerospace, Inc.

1.53%

Trane Technologies Plc

1.43%

CSX Corp.

1.37%

PPA

RTX Corp.

8.32%

GE Aerospace

6.88%

The Boeing Co.

6.78%

Lockheed Martin Corp.

6.56%

General Dynamics Corp.

5.00%

Northrop Grumman Corp.

4.86%

Howmet Aerospace, Inc.

4.31%

Parker-Hannifin Corp.

3.89%

Axon Enterprise, Inc.

3.77%

L3Harris Technologies, Inc.

3.68%

Honeywell Aerospace, Inc.

3.24%

Elbit Systems Ltd.

3.16%

TransDigm Group, Inc.

2.97%

Amphenol Corp.

2.57%

Eaton Corp. Plc

2.19%

Frequently asked questions about FIDU and PPA

FIDUvsPPAETF Comparison

Fidelity MSCI Industrials Index ETF

Invesco Aerospace & Defense ETF

FIDU vs PPA performance and flow charts

Performance

Cumulative Flows

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Countries

Sectors

Diversification

Top 15 holdings

How have the FIDU and PPA ETFs performed in 2026?

As of October 23, 2026, FIDU is up 6.44% year-to-date (YTD), while PPA has lost -1.33%. 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 +$640M in flows, compared to +$656M for PPA.

Which ETF is more volatile: FIDU or PPA?

Over the past year, FIDU had a volatility of 18.41%, while PPA experienced 21.21%.

Which ETF is bigger: FIDU or PPA?

As of October 23, 2026, FIDU holds $2.23 B in assets under management (AUM), while PPA manages $7.28 B.

What sectors do the FIDU and PPA ETFs invest in?

FIDU leans toward sectors like Industrials and Business Services. 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 RTX Corp.. PPA holds in its top three: RTX Corp., GE Aerospace and The Boeing Co..

Which ETF is more diversified: FIDU or PPA?

FIDU holds 360 securities with 38.91% of its assets in the top 15. PPA has 61 securities and a top 15 weight of 68.17%.

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