FIDU vs. ITA

Last updated Apr 2, 2026

Compare and contrast key facts about Fidelity MSCI Industrials Index ETF (FIDU) and iShares U.S. Aerospace & Defense ETF (ITA).

FIDU and ITA are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FIDU is a passively managed fund by Fidelity that tracks the performance of the MSCI USA IMI Industrials Index. It was launched on Oct 21, 2013. ITA is a passively managed fund by iShares that tracks the performance of the Dow Jones U.S. Select Aerospace & Defense Index. It was launched on May 5, 2006. Both FIDU and ITA are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

FIDU vs. ITA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity MSCI Industrials Index ETF (FIDU) and iShares U.S. Aerospace & Defense ETF (ITA). The values are adjusted to include any dividend payments, if applicable.

FIDU vs. ITA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FIDU Fidelity MSCI Industrials Index ETF	6.98%	18.61%	16.51%	22.62%	-8.36%	20.96%	13.72%	30.69%	-13.85%	22.22%
ITA iShares U.S. Aerospace & Defense ETF	4.24%	48.64%	15.81%	14.33%	9.96%	9.39%	-13.57%	30.51%	-7.22%	35.24%

Returns By Period

In the year-to-date period, FIDU achieves a 6.98% return, which is significantly higher than ITA's 4.24% return. Over the past 10 years, FIDU has underperformed ITA with an annualized return of 13.67%, while ITA has yielded a comparatively higher 15.49% annualized return.

FIDU

• 1D: 1.68%
• 1M: -7.71%
• YTD: 6.98%
• 6M: 7.90%
• 1Y: 28.97%
• 3Y*: 20.09%
• 5Y*: 12.43%
• 10Y*: 13.67%

ITA

• 1D: 2.24%
• 1M: -10.69%
• YTD: 4.24%
• 6M: 6.95%
• 1Y: 45.80%
• 3Y*: 25.76%
• 5Y*: 17.41%
• 10Y*: 15.49%

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

FIDU vs. ITA - Expense Ratio Comparison

FIDU has a 0.08% expense ratio, which is lower than ITA's 0.42% expense ratio.

ITA

iShares U.S. Aerospace & Defense ETF

FIDU

Fidelity MSCI Industrials Index ETF

Return for Risk

FIDU vs. ITA — Risk / Return Rank

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

FIDU

FIDU Risk / Return Rank: 78
FIDU Sharpe Ratio Rank: 76
FIDU Sortino Ratio Rank: 78
FIDU Omega Ratio Rank: 73
FIDU Calmar Ratio Rank: 81
FIDU Martin Ratio Rank: 81

ITA

ITA Risk / Return Rank: 89
ITA Sharpe Ratio Rank: 89
ITA Sortino Ratio Rank: 90
ITA Omega Ratio Rank: 87
ITA Calmar Ratio Rank: 89
ITA Martin Ratio Rank: 88

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. ITA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity MSCI Industrials Index ETF (FIDU) and iShares U.S. Aerospace & Defense ETF (ITA). 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.

	FIDU	ITA	Difference
Sharpe ratio Return per unit of total volatility	1.42	1.97	-0.55
Sortino ratio Return per unit of downside risk	2.04	2.60	-0.56
Omega ratio Gain probability vs. loss probability	1.28	1.37	-0.08
Calmar ratio Return relative to maximum drawdown	2.39	2.96	-0.57
Martin ratio Return relative to average drawdown	9.27	11.32	-2.04
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FIDU vs. ITA - Sharpe Ratio Comparison

The current FIDU Sharpe Ratio is 1.42, which is comparable to the ITA Sharpe Ratio of 1.97. The chart below compares the historical Sharpe Ratios of FIDU and ITA, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	FIDU	ITA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.42	1.97	-0.55
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.69	0.89	-0.20
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.68	0.68	0.00
Sharpe Ratio (All Time) Calculated using the full available price history	0.64	0.51	+0.13

Correlation

The correlation between FIDU and ITA is 0.83, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

FIDU vs. ITA - Dividend Comparison

FIDU's dividend yield for the trailing twelve months is around 1.02%, more than ITA's 0.48% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FIDU Fidelity MSCI Industrials Index ETF	1.02%	1.02%	1.42%	1.42%	1.48%	1.12%	1.28%	1.73%	1.99%	1.60%	1.63%	1.98%
ITA iShares U.S. Aerospace & Defense ETF	0.48%	0.55%	0.85%	0.93%	0.95%	0.82%	1.07%	1.54%	1.13%	0.91%	1.07%	1.04%

Drawdowns

FIDU vs. ITA - Drawdown Comparison

The maximum FIDU drawdown since its inception was -42.31%, smaller than the maximum ITA drawdown of -59.72%. Use the drawdown chart below to compare losses from any high point for FIDU and ITA.

Drawdown Indicators

	FIDU	ITA	Difference
Max Drawdown Largest peak-to-trough decline	-42.31%	-59.72%	+17.41%
Max Drawdown (1Y) Largest decline over 1 year	-12.53%	-15.82%	+3.29%
Max Drawdown (5Y) Largest decline over 5 years	-22.87%	-18.72%	-4.15%
Max Drawdown (10Y) Largest decline over 10 years	-42.31%	-51.00%	+8.69%
Current Drawdown Current decline from peak	-7.71%	-10.69%	+2.98%
Average Drawdown Average peak-to-trough decline	-4.84%	-9.45%	+4.61%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.22%	4.14%	-0.92%

Volatility

FIDU vs. ITA - Volatility Comparison

The current volatility for Fidelity MSCI Industrials Index ETF (FIDU) is 7.13%, while iShares U.S. Aerospace & Defense ETF (ITA) has a volatility of 8.22%. This indicates that FIDU experiences smaller price fluctuations and is considered to be less risky than ITA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FIDU	ITA	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.13%	8.22%	-1.09%
Volatility (6M) Calculated over the trailing 6-month period	12.63%	16.06%	-3.43%
Volatility (1Y) Calculated over the trailing 1-year period	20.50%	23.37%	-2.87%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.08%	19.70%	-1.62%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.20%	22.95%	-2.75%