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ETFs

Fidelity MSCI Industrials Index ETF

FIDU
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Oct 24 2013
Expense Ratio
0.08%
Type
US Equities
Fund Owner
Fidelity
Volume (1m avg. daily)
$3,852,795
AUM
$776,716,710
Associated Index
MSCI USA IMI Industrials 25/25 Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

CAT
Caterpillar Inc.
3.48%
UNP
Union Pacific Corp.
3.15%
HON
Honeywell International Inc
3.12%
GE
General Electric Co.
2.99%
BA
Boeing Co.
2.79%
UPS
United Parcel Service, Inc. - Ordinary Shares - Class B
2.75%
DE
Deere & Co.
2.62%
RTX
RTX Corp
2.58%
ADP
Automatic Data Processing Inc.
2.44%
LMT
Lockheed Martin Corp.
2.33%
Invest with FIDU

What is FIDU?

The ETF seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the MSCI USA IMI Industrials 25/25 Index. The MSCI USA IMI Industrials 25/25 Index is a modified market capitalization-weighted index that captures the large, mid, and small cap segments of the USA market. All securities in the index are classified in the Industrials sector according to the Global Industry Classification Standard

ETFs related toFIDU

ETFs correlated to FIDU include VIS, XLI, RSPN

FIDU
Fidelity Covington Trust - Fidelity MSCI Industrials Index ETF
VIS
Vanguard Group, Inc. - Vanguard Industrials ETF
XLI
SSgA Active Trust - Industrial Select Sector SPDR
RSPN
Invesco Capital Management LLC - Invesco S&P 500 Equal Weight Industrials ETF
IYJ
BlackRock Institutional Trust Company N.A. - iShares U.S. Industrials ETF
PAVE
Global X Funds - Global X U.S. Infrastructure Development ETF
FXR
First Trust Exchange-Traded Fund III - First Trust Industrials/Producer Durables AlphaDEX Fund
JHMM
John Hancock Investment Management LLC - John Hancock Multifactor Mid Cap ETF
FLQM
Franklin Templeton ETF Trust - Franklin U.S. Mid Cap Multifactor Index ETF
IWS
BlackRock Institutional Trust Company N.A. - iShares Russell Mid-Cap Value ETF
TPLC
Timothy Plan - Timothy Plan US Large/Mid Cap Core ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toFIDU

#PTS

Pick the Trending Sector

Category

Grow Your Portfolio, Ride the Momentum

Risk Rating

Aggressive

#OPUS-12

Opus-12

Category

Opus, Investing for the Long-Term

Risk Rating

Moderate

Create your own algorithmic trading strategy with FIDU using Composer

FAQ

FIDU is a US Equities ETF. The ETF seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the MSCI USA IMI Industrials 25/25 Index. The MSCI USA IMI Industrials 25/25 Index is a modified market capitalization-weighted index that captures the large, mid, and small cap segments of the USA market. All securities in the index are classified in the Industrials sector according to the Global Industry Classification Standard

FIDU tracks the MSCI USA IMI Industrials 25/25 Index.

No, FIDU is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, FIDU is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on FIDU is -0.0263%. This is the percent change in the value of FIDU over the most recent 1-month period. The 3-month return on FIDU is -0.0095%. This is the percent change in the value of FIDU over the most recent 3-month period.

The standard deviation of FIDU for the past year is 0.1835%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to FIDU include XLY, XLV, and XLE.

ETFs correlated to FIDU include VIS, XLI, and RSPN.

ETFs that are inversely correlated to FIDU include TZA, RWM, and TWM.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.