FIDU vs. FCYIX

Last updated Jun 24, 2026

FIDU (Fidelity MSCI Industrials Index ETF) and FCYIX (Fidelity Select Industrials Portfolio) are both Industrials Equities funds from Fidelity. FIDU is passively managed, while FCYIX is actively managed. Over the past 10 years, FIDU returned 14.77%/yr vs 11.88%/yr for FCYIX. Their correlation of 0.93 suggests significant overlap in exposure. FIDU charges 0.08%/yr vs 0.69%/yr for FCYIX.

Performance

FIDU vs. FCYIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity MSCI Industrials Index ETF (FIDU) and Fidelity Select Industrials Portfolio (FCYIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

Over the past 10 years, FIDU has outperformed FCYIX with an annualized return of 14.77%, while FCYIX has yielded a comparatively lower 11.88% annualized return.

FIDU

• 1D: -2.11%
• 1M: 3.50%
• YTD: 17.16%
• 6M: 15.32%
• 1Y: 28.52%
• 3Y*: 22.24%
• 5Y*: 13.69%
• 10Y*: 14.77%

FCYIX

• 1D: 0.00%
• 1M: 0.00%
• YTD: 0.00%
• 6M: 0.00%
• 1Y: 7.05%
• 3Y*: 21.88%
• 5Y*: 12.06%
• 10Y*: 11.88%

*Multi-year figures are annualized to reflect compound growth (CAGR)

FIDU vs. FCYIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FIDU Fidelity MSCI Industrials Index ETF	17.16%	18.61%	16.51%	22.62%	-8.36%	20.96%	13.72%	30.69%	-13.85%	22.22%
FCYIX Fidelity Select Industrials Portfolio	0.00%	20.95%	23.32%	23.21%	-10.47%	16.94%	11.91%	28.02%	-15.34%	19.87%

Correlation

The correlation between FIDU and FCYIX is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.42
Correlation (3Y) Calculated over the trailing 3-year period	0.79
Correlation (5Y) Calculated over the trailing 5-year period	0.87
Correlation (10Y) Calculated over the trailing 10-year period	0.92
Correlation (All Time) Calculated using the full available price history since Oct 24, 2013	0.93

Over the past year, the correlation between FIDU and FCYIX has dropped to 0.42 - well below their long-term average of 0.93, suggesting their price drivers have been diverging.

FIDU vs. FCYIX - Sectors Allocation Comparison

Sectors	FIDU	FCYIX
Industrials	90.3%	93.6%
Utilities	4.1%	-
Technology	4.0%	4.4%
Consumer Cyclical	1.0%	0.3%
Energy	0.1%	-
Basic Materials	0.1%	1.8%
Real Estate	0.0%	-
Communication Services	0.0%	-
Healthcare	0.0%	-
Financial Services	0.0%	-
Consumer Defensive	-	-

Return for Risk

FIDU vs. FCYIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FIDU

FIDU Risk / Return Rank: 50
FIDU Sharpe Ratio Rank: 50
FIDU Sortino Ratio Rank: 50
FIDU Omega Ratio Rank: 45
FIDU Calmar Ratio Rank: 49
FIDU Martin Ratio Rank: 57

FCYIX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FIDU vs. FCYIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity MSCI Industrials Index ETF (FIDU) and Fidelity Select Industrials Portfolio (FCYIX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	FIDU	FCYIX	Difference
Sharpe ratio: Return per unit of total volatility	1.65	0.94	+0.71
Sortino ratio: Return per unit of downside risk	2.35	1.52	+0.83
Omega ratio: Gain probability vs. loss probability	1.28	1.26	+0.02
Calmar ratio: Return relative to maximum drawdown	2.34	2.06	+0.28
Martin ratio: Return relative to average drawdown	9.63	3.66	+5.97

FIDU vs. FCYIX - Sharpe Ratio Comparison

The current FIDU Sharpe Ratio is 1.65, which is higher than the FCYIX Sharpe Ratio of 0.94. The chart below compares the historical Sharpe Ratios of FIDU and FCYIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FIDU vs. FCYIX - Drawdown Comparison

The maximum FIDU drawdown since its inception was -42.31%, smaller than the maximum FCYIX drawdown of -60.67%. Use the drawdown chart below to compare losses from any high point for FIDU and FCYIX.

Drawdown Indicators

	FIDU	FCYIX	Difference
Max Drawdown Largest peak-to-trough decline	-42.31%	-60.67%	+18.36%
Max Drawdown (1Y) Largest decline over 1 year	-12.23%	-4.22%	-8.01%
Max Drawdown (3Y) Largest decline over 3 years	-20.52%	-21.40%	+0.88%
Max Drawdown (5Y) Largest decline over 5 years	-22.87%	-26.27%	+3.40%
Max Drawdown (10Y) Largest decline over 10 years	-42.31%	-42.58%	+0.27%
Current Drawdown Current decline from peak	-2.11%	-2.60%	+0.49%
Average Drawdown Average peak-to-trough decline	-4.79%	-8.10%	+3.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.97%	2.23%	+0.74%

Volatility

FIDU vs. FCYIX - Volatility Comparison

Fidelity MSCI Industrials Index ETF (FIDU) has a higher volatility of 6.54% compared to Fidelity Select Industrials Portfolio (FCYIX) at 0.00%. This indicates that FIDU's price experiences larger fluctuations and is considered to be riskier than FCYIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FIDU	FCYIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.54%	0.00%	+6.54%
Volatility (6M) Calculated over the trailing 6-month period	14.32%	0.64%	+13.68%
Volatility (1Y) Calculated over the trailing 1-year period	17.40%	9.19%	+8.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.40%	19.49%	-1.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.34%	20.84%	-0.50%

FIDU vs. FCYIX - Expense Ratio Comparison

FIDU has a 0.08% expense ratio, which is lower than FCYIX's 0.69% expense ratio.

Dividends

FIDU vs. FCYIX - Dividend Comparison

FIDU's dividend yield for the trailing twelve months is around 0.94%, while FCYIX has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FCYIX Fidelity Select Industrials Portfolio	1.58%	2.26%	4.30%	5.86%	3.94%	27.55%	2.89%	4.16%	9.54%	5.06%	4.32%	6.61%
FIDU Fidelity MSCI Industrials Index ETF	0.94%	1.02%	1.42%	1.42%	1.48%	1.12%	1.28%	1.73%	1.99%	1.60%	1.63%	1.98%

Frequently Asked Questions

Can I hold both FIDU and FCYIX in my portfolio?

FIDU and FCYIX have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FIDU or FCYIX?

FIDU has higher volatility (6.54%) compared to FCYIX (0.00%). In terms of maximum drawdown, FIDU dropped -42.31% vs FCYIX's -60.67%.

Which has better risk-adjusted returns?

FIDU currently has the higher Sharpe Ratio (1.65 vs 0.94), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.