FIDU vs. HON

Last updated Jun 23, 2026

FIDU (Fidelity MSCI Industrials Index ETF) is Industrials Equities fund tracking the MSCI USA IMI Industrials Index, while HON (Honeywell International Inc) is a stock. Over the past 10 years, FIDU returned 15.01%/yr vs 10.65%/yr for HON. A 0.76 correlation means they provide meaningful diversification when combined.

Performance

FIDU vs. HON - Performance Comparison

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

Returns By Period

In the year-to-date period, FIDU achieves a 19.68% return, which is significantly higher than HON's 18.15% return. Over the past 10 years, FIDU has outperformed HON with an annualized return of 15.01%, while HON has yielded a comparatively lower 10.65% annualized return.

FIDU

• 1D: 0.66%
• 1M: 5.73%
• YTD: 19.68%
• 6M: 17.69%
• 1Y: 33.14%
• 3Y*: 23.11%
• 5Y*: 14.37%
• 10Y*: 15.01%

HON

• 1D: -0.39%
• 1M: 0.08%
• YTD: 18.15%
• 6M: 17.63%
• 1Y: 11.50%
• 3Y*: 8.86%
• 5Y*: 4.58%
• 10Y*: 10.65%

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

FIDU vs. HON - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FIDU Fidelity MSCI Industrials Index ETF	19.68%	18.61%	16.51%	22.62%	-8.36%	20.96%	13.72%	30.69%	-13.85%	22.22%
HON Honeywell International Inc	18.15%	-6.37%	10.02%	0.02%	4.90%	-0.29%	22.97%	36.70%	-8.27%	35.10%

Correlation

The correlation between FIDU and HON is 0.59, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.59
Correlation (3Y) Calculated over the trailing 3-year period	0.60
Correlation (5Y) Calculated over the trailing 5-year period	0.69
Correlation (10Y) Calculated over the trailing 10-year period	0.74
Correlation (All Time) Calculated using the full available price history since Oct 24, 2013	0.76

The correlation between FIDU and HON shifts across timeframes, from 0.59 (1 year) to 0.76 (all time), reflecting how their relationship changes across market environments.

Return for Risk

FIDU vs. HON — Risk / Return Rank

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

FIDU

FIDU Risk / Return Rank: 59
FIDU Sharpe Ratio Rank: 60
FIDU Sortino Ratio Rank: 59
FIDU Omega Ratio Rank: 54
FIDU Calmar Ratio Rank: 57
FIDU Martin Ratio Rank: 63

HON

HON Risk / Return Rank: 55
HON Sharpe Ratio Rank: 59
HON Sortino Ratio Rank: 52
HON Omega Ratio Rank: 51
HON Calmar Ratio Rank: 58
HON Martin Ratio Rank: 55

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. HON - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity MSCI Industrials Index ETF (FIDU) and Honeywell International Inc (HON). 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	HON	Difference
Sharpe ratio: Return per unit of total volatility	1.93	0.47	+1.45
Sortino ratio: Return per unit of downside risk	2.70	0.86	+1.84
Omega ratio: Gain probability vs. loss probability	1.33	1.11	+0.22
Calmar ratio: Return relative to maximum drawdown	2.72	0.70	+2.02
Martin ratio: Return relative to average drawdown	11.20	1.18	+10.02

FIDU vs. HON - Sharpe Ratio Comparison

The current FIDU Sharpe Ratio is 1.93, which is higher than the HON Sharpe Ratio of 0.47. The chart below compares the historical Sharpe Ratios of FIDU and HON, 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. HON - Drawdown Comparison

The maximum FIDU drawdown since its inception was -42.31%, smaller than the maximum HON drawdown of -70.09%. Use the drawdown chart below to compare losses from any high point for FIDU and HON.

Drawdown Indicators

	FIDU	HON	Difference
Max Drawdown Largest peak-to-trough decline	-42.31%	-70.09%	+27.78%
Max Drawdown (1Y) Largest decline over 1 year	-12.23%	-16.54%	+4.31%
Max Drawdown (3Y) Largest decline over 3 years	-20.52%	-22.10%	+1.58%
Max Drawdown (5Y) Largest decline over 5 years	-22.87%	-27.13%	+4.26%
Max Drawdown (10Y) Largest decline over 10 years	-42.31%	-43.01%	+0.70%
Current Drawdown Current decline from peak	0.00%	-7.53%	+7.53%
Average Drawdown Average peak-to-trough decline	-4.79%	-20.27%	+15.48%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.97%	9.73%	-6.76%

Volatility

FIDU vs. HON - Volatility Comparison

The current volatility for Fidelity MSCI Industrials Index ETF (FIDU) is 6.07%, while Honeywell International Inc (HON) has a volatility of 11.76%. This indicates that FIDU experiences smaller price fluctuations and is considered to be less risky than HON based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FIDU	HON	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.07%	11.76%	-5.69%
Volatility (6M) Calculated over the trailing 6-month period	14.15%	19.11%	-4.96%
Volatility (1Y) Calculated over the trailing 1-year period	17.29%	24.37%	-7.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.37%	22.04%	-3.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.37%	23.68%	-3.31%

Dividends

FIDU vs. HON - Dividend Comparison

FIDU's dividend yield for the trailing twelve months is around 0.92%, less than HON's 2.03% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FIDU Fidelity MSCI Industrials Index ETF	0.92%	1.02%	1.42%	1.42%	1.48%	1.12%	1.28%	1.73%	1.99%	1.60%	1.63%	1.98%
HON Honeywell International Inc	2.03%	2.25%	1.93%	1.99%	1.85%	1.81%	1.71%	1.90%	2.24%	1.79%	2.11%	2.07%

Frequently Asked Questions

Can I hold both FIDU and HON in my portfolio?

FIDU and HON have a correlation of 0.59, 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 HON?

HON has higher volatility (11.76%) compared to FIDU (6.07%). In terms of maximum drawdown, FIDU dropped -42.31% vs HON's -70.09%.

Which has better risk-adjusted returns?

FIDU currently has the higher Sharpe Ratio (1.93 vs 0.47), 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.