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HWAYvsFIDUETF Comparison

ETF 1

HWAY

Themes US Infrastructure ETF

This fund is part of

Infrastructure

+0%

Full HWAY fund page

VS

ETF 2

FIDU

Fidelity MSCI Industrials Index ETF

This fund is part of

US Industrials

+0.01%

Full FIDU fund page

Themes US Infrastructure ETF (HWAY) belongs to the Infrastructure segment. Fidelity MSCI Industrials Index ETF (FIDU) is part of the US Industrials segment. HWAY's top 3 sector exposures are Industrials, Non-Energy Materials and Consumer Cyclicals. In contrast, FIDU's top sector exposures are Industrials, Business Services and Non-Energy Materials. HWAY is more expensive with a Total Expense Ratio (TER) of 0.29%, versus 0.084% for FIDU. HWAY is up 24.17% year-to-date (YTD) with +$1M in YTD flows. FIDU performs worse with 17.98% YTD performance, and +$515M in YTD flows. Run a side-by-side ETF comparison of HWAY and FIDU 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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HWAY vs FIDU performance and flow charts

Performance

Cumulative Flows

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Data Services

Historic performance and flows

Data as of 07/24/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	HWAY FIDU	-1.02%+0.73%	+4.45%+3.23%	+24.17%+17.98%	+31.23%+20.84%	n/a+72.72%	n/a+89.90%
Flows	HWAY FIDU	+$378K+$58M	+$752K+$239M	+$1M+$515M	+$2M+$539M	-+$862M	-+$752M

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	HWAY FIDU	+23.38%+20.09%	+20.64%+17.69%	n/a+17.45%	n/a+18.41%
Max drawdown	HWAY FIDU	-7.46%-5.04%	-12.66%-12.26%	n/a-20.28%	n/a-22.91%
Max drawdown duration	HWAY FIDU	29d23d	59d64d	n/a212d	n/a589d

Trading data

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	HWAY	FIDU
Last sale 7/24/2026 at 1:30 PM	$38.42	$96.84
Previous close 07/23/2026	$38.22	$96.77
Consolidated volume 07/23/2026
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

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

Main metrics

Last update 7/24/2026 at 1:30 PM

Live

Closed

	HWAY	FIDU
Last price	$38.42	$96.84
1D performance	+0.53%	+0.07%
AuM	$3.84 M	$2.35 B
E/R	0.29%	0.084%

Characteristics

	HWAY	FIDU
Management strategy	Passive	Passive
Provider	Themes Management Company	Fidelity
Benchmark	Solactive United States Infrastructure Index	MSCI USA IMI Industrials 25/50 Index
N° of holdings	99	355
Asset class	-	-
Trailing 12m distribution yield	Join	Join
Inception date	September 12, 2024	October 21, 2013
ESG	No	No

More HWAY data on Trackinsight

More FIDU data on Trackinsight

Exposure

Countries

HWAY

USA

99.66%

Other

0.34%

FIDU

USA

93.07%

Other

6.93%

Sectors

HWAY

Industrials

74.47%

Non-Energy Materi.

24.69%

Other

0.84%

FIDU

Industrials

85.33%

Other

14.67%

Diversification

HWAY

Total weight of top 15 holdings out of 15

55.88%

FIDU

Total weight of top 15 holdings out of 15

39.88%

Top 15 holdings

Data as of June 30, 2026

HWAY

Caterpillar, Inc.

5.19%

Quanta Services, Inc.

4.85%

CSX Corp.

4.46%

Union Pacific Corp.

4.38%

Deere & Co.

4.06%

Parker-Hannifin Corp.

4.05%

Emerson Electric Co.

4.05%

CRH Plc

3.78%

United Rentals, Inc.

3.54%

Norfolk Southern Corp.

3.53%

Comfort Systems USA, Inc.

3.27%

W.W. Grainger, Inc.

2.93%

Nucor Corp.

2.78%

Fastenal Co.

2.72%

Westinghouse Air Brake Technologies Corp.

2.29%

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%

Frequently asked questions about HWAY and FIDU

How have the HWAY and FIDU ETFs performed in 2026?

As of July 24, 2026, HWAY is up 24.17% year-to-date (YTD), while FIDU has returned 17.98%. That puts HWAY better performer ahead so far this year.

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

Year-to-date, the HWAY ETF saw +$1M in flows, compared to +$515M for FIDU.

Which ETF is more volatile: HWAY or FIDU?

Over the past year, HWAY had a volatility of 20.64%, while FIDU experienced 17.69%.

Which ETF is bigger: HWAY or FIDU?

As of July 24, 2026, HWAY holds $3.84 M in assets under management (AUM), while FIDU manages $2.35 B.

What sectors do the HWAY and FIDU ETFs invest in?

HWAY leans toward sectors like Industrials and Non-Energy Materials. Meanwhile, FIDU focuses on Industrials.

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

HWAY top holdings include Caterpillar, Inc., Quanta Services, Inc. and CSX Corp.. FIDU holds in its top three: Caterpillar, Inc., GE Aerospace and GE Vernova, Inc..

HWAYvsFIDUETF Comparison

Themes US Infrastructure ETF

Fidelity MSCI Industrials Index ETF

HWAY vs FIDU 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 HWAY and FIDU ETFs performed in 2026?

As of July 24, 2026, HWAY is up 24.17% year-to-date (YTD), while FIDU has returned 17.98%. That puts HWAY better performer ahead so far this year.

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

Year-to-date, the HWAY ETF saw +$1M in flows, compared to +$515M for FIDU.

Which ETF is more volatile: HWAY or FIDU?

Over the past year, HWAY had a volatility of 20.64%, while FIDU experienced 17.69%.

Which ETF is bigger: HWAY or FIDU?

As of July 24, 2026, HWAY holds $3.84 M in assets under management (AUM), while FIDU manages $2.35 B.

What sectors do the HWAY and FIDU ETFs invest in?

HWAY leans toward sectors like Industrials and Non-Energy Materials. Meanwhile, FIDU focuses on Industrials.

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

HWAY top holdings include Caterpillar, Inc., Quanta Services, Inc. and CSX Corp.. FIDU holds in its top three: Caterpillar, Inc., GE Aerospace and GE Vernova, Inc..

Which ETF is more diversified: HWAY or FIDU?

HWAY holds 99 securities with 55.88% of its assets in the top 15. FIDU has 359 securities and a top 15 weight of 39.88%.

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