FIDU vs. FELG

Last updated Aug 2, 2026

FIDU (Fidelity MSCI Industrials Index ETF) and FELG (Fidelity Enhanced Large Cap Growth ETF) are both exchange-traded funds - FIDU is a Industrials Equities fund tracking the MSCI USA IMI Industrials Index, while FELG is a Large Cap Growth Equities fund actively managed by Fidelity. FIDU is passively managed, while FELG is actively managed. Over the past year, FIDU returned 21.56% vs 14.20% for FELG. Their 0.59 correlation means they have sometimes moved together and sometimes differently. FIDU charges 0.08%/yr vs 0.18%/yr for FELG.

Performance

FIDU vs. FELG - Performance Comparison

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

Returns By Period

In the year-to-date period, FIDU achieves a 16.05% return, which is significantly higher than FELG's 2.21% return.

FIDU

• 1D: 0.83%
• 1M: -3.08%
• 6M: 7.73%
• YTD: 16.05%
• 1Y: 21.56%
• 3Y*: 18.89%
• 5Y*: 13.30%
• 10Y*: 14.03%
• ALL TIME*: 12.64%

FELG

• 1D: 0.93%
• 1M: -1.07%
• 6M: 4.01%
• YTD: 2.21%
• 1Y: 14.20%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 22.07%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FELG Fidelity Enhanced Large Cap Growth ETF	$14.80M	$13.72M	$19.44M
FIDU Fidelity MSCI Industrials Index ETF	$8.05M	$8.74M	$9.96M

FIDU vs. FELG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
FIDU Fidelity MSCI Industrials Index ETF	16.05%	18.61%	16.51%	9.25%
FELG Fidelity Enhanced Large Cap Growth ETF	2.21%	18.44%	35.45%	4.37%

Correlation

The correlation between FIDU and FELG is 0.54, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.54
Correlation (All Time) Calculated using the full available price history since Nov 20, 2023	0.59

The correlation between FIDU and FELG has been stable across timeframes, ranging from 0.54 to 0.59 - a consistent structural relationship.

FIDU vs. FELG - Sectors Allocation Comparison

Sectors	FIDU	FELG
Industrials	86.2%	8.4%
Technology	5.8%	55.9%
Utilities	3.8%	1.2%
Basic Materials	1.6%	0.1%
Consumer Cyclical	0.5%	8.6%
Financial Services	0.2%	4.6%
Real Estate	0.0%	0.1%
Consumer Defensive	0.0%	1.2%
Healthcare	0.0%	5.7%
Communication Services	0.0%	14.7%
Energy	0.0%	0.7%

Return for Risk

FIDU vs. FELG — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FIDU

FIDU Risk / Return Rank: 46
FIDU Sharpe Ratio Rank: 44
FIDU Sortino Ratio Rank: 44
FIDU Omega Ratio Rank: 41
FIDU Calmar Ratio Rank: 45
FIDU Martin Ratio Rank: 55

FELG

FELG Risk / Return Rank: 27
FELG Sharpe Ratio Rank: 29
FELG Sortino Ratio Rank: 28
FELG Omega Ratio Rank: 27
FELG Calmar Ratio Rank: 24
FELG Martin Ratio Rank: 27

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FIDU vs. FELG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity MSCI Industrials Index ETF (FIDU) and Fidelity Enhanced Large Cap Growth ETF (FELG). 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	FELG	Difference
Sharpe ratio: Return per unit of total volatility	1.09	0.68	+0.41
Sortino ratio: Return per unit of downside risk	1.60	1.05	+0.56
Omega ratio: Gain probability vs. loss probability	1.19	1.13	+0.07
Calmar ratio: Return relative to maximum drawdown	1.61	0.73	+0.88
Martin ratio: Return relative to average drawdown	6.39	2.27	+4.11

FIDU vs. FELG - Sharpe Ratio Comparison

The current FIDU Sharpe Ratio is 1.09, which is higher than the FELG Sharpe Ratio of 0.68. The chart below compares the historical Sharpe Ratios of FIDU and FELG, 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. FELG - Drawdown Comparison

The maximum FIDU drawdown since its inception was -42.31%, which is greater than FELG's maximum drawdown of -23.89%. Use the drawdown chart below to compare losses from any high point for FIDU and FELG.

Drawdown Indicators

	FIDU	FELG	Difference
Max Drawdown Largest peak-to-trough decline	-42.31%	-23.89%	-18.42%
Max Drawdown (1Y) Largest decline over 1 year	-12.23%	-16.17%	+3.94%
Max Drawdown (3Y) Largest decline over 3 years	-20.52%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-22.87%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-42.31%	—	—
Current Drawdown Current decline from peak	-4.41%	-6.36%	+1.95%
Average Drawdown Average peak-to-trough decline	-4.77%	-3.62%	-1.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.09%	5.19%	-2.10%

Volatility

FIDU vs. FELG - Volatility Comparison

The current volatility for Fidelity MSCI Industrials Index ETF (FIDU) is 5.09%, while Fidelity Enhanced Large Cap Growth ETF (FELG) has a volatility of 6.11%. This indicates that FIDU experiences smaller price fluctuations and is considered to be less risky than FELG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FIDU	FELG	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.09%	6.11%	-1.02%
Volatility (6M) Calculated over the trailing 6-month period	14.73%	13.74%	+0.99%
Volatility (1Y) Calculated over the trailing 1-year period	18.03%	17.29%	+0.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.47%	20.02%	-1.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.37%	20.02%	+0.35%

FIDU vs. FELG - Expense Ratio Comparison

FIDU has a 0.08% expense ratio, which is lower than FELG's 0.18% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

FIDU vs. FELG - Dividend Comparison

FIDU's dividend yield for the trailing twelve months is around 0.95%, more than FELG's 0.36% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FELG Fidelity Enhanced Large Cap Growth ETF	0.36%	0.38%	0.44%	0.11%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
FIDU Fidelity MSCI Industrials Index ETF	0.95%	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 FELG in my portfolio?

FIDU and FELG have a correlation of 0.54, 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 FELG?

FELG has higher volatility (6.11%) compared to FIDU (5.09%). In terms of maximum drawdown, FIDU dropped -42.31% vs FELG's -23.89%.

Which ETF is better, FIDU or FELG?

On 1-year performance, FIDU leads with 21.56% vs 14.20% for FELG. On fees, FIDU is cheaper at 0.08% per year. On volatility, FIDU has been the lower-risk option at 5.09%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FIDU or FELG?

Over the 1-year period, FIDU has performed better with a 21.56% return vs 14.20%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FIDU or FELG?

FIDU is cheaper with a 0.08% expense ratio, compared with 0.18% for FELG.

Which ETF pays a higher dividend yield, FIDU or FELG?

FIDU has the higher dividend yield at 0.95%, compared with 0.36% for FELG.

What is the main difference between FIDU and FELG?

FIDU is categorized as Industrials Equities, while FELG is Large Cap Growth Equities. Their fees differ too: 0.08% for FIDU and 0.18% for FELG.

Which has better risk-adjusted returns?

FIDU currently has the higher Sharpe Ratio (1.09 vs 0.68), 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.