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FIDU vs. IYT
Performance
Return for Risk
Drawdowns
Volatility
Dividends

FIDU vs. IYT

Last updated Aug 2, 2026
Documentation

FIDU (Fidelity MSCI Industrials Index ETF) and IYT (iShares Transportation Average ETF) are both Industrials Equities funds - FIDU tracks the MSCI USA IMI Industrials Index while IYT tracks the Dow Jones Transportation Average Index. Both are passively managed. Over the past 10 years, FIDU returned 14.03%/yr vs 10.75%/yr for IYT. Their correlation of 0.84 means they have usually moved in the same direction. FIDU charges 0.08%/yr vs 0.42%/yr for IYT.

Performance

FIDU vs. IYT - Performance Comparison

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

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Returns By Period

In the year-to-date period, FIDU achieves a 16.05% return, which is significantly higher than IYT's 14.55% return. Over the past 10 years, FIDU has outperformed IYT with an annualized return of 14.03%, while IYT has yielded a comparatively lower 10.75% annualized 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%

IYT

1D
0.01%
1M
-3.52%
6M
11.47%
YTD
14.55%
1Y
28.75%
3Y*
10.10%
5Y*
7.51%
10Y*
10.75%
ALL TIME*
9.92%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

FIDU

Fidelity MSCI Industrials Index ETF
$8.05M$8.74M$9.96M

IYT

iShares Transportation Average ETF
$61.92M$57.48M$60.22M

FIDU vs. IYT - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
FIDU
Fidelity MSCI Industrials Index ETF		16.05%18.61%16.51%22.62%-8.36%20.96%13.72%30.69%-13.85%22.22%
IYT
iShares Transportation Average ETF		14.55%11.48%4.10%24.62%-21.74%26.41%14.20%20.11%-12.87%18.89%

Correlation

The correlation between FIDU and IYT is 0.67, 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.

0.67

Correlation (3Y)
Balances recent behavior with more history.

0.76

Correlation (5Y)
Shows whether the relationship held over a longer period.

0.82

Correlation (10Y)
Provides a long-term view across more market conditions.

0.84

Correlation (All Time)
Calculated using the full available price history since Oct 24, 2013

0.84

The correlation between FIDU and IYT shifts across timeframes, from 0.67 (1 year) to 0.84 (all time), reflecting how their relationship changes across market environments.

FIDU vs. IYT - Sectors Allocation Comparison

Sectors
FIDU
IYT

Industrials

86.2%
84.9%

Technology

5.8%
15.1%

Utilities

3.8%

-

Basic Materials

1.6%

-

Consumer Cyclical

0.5%

-

Financial Services

0.2%

-

Real Estate

0.0%

-

Consumer Defensive

0.0%

-

Healthcare

0.0%

-

Communication Services

0.0%

-

Energy

0.0%

-

Industrials

FIDU
86.2%
IYT
84.9%

Technology

FIDU
5.8%
IYT
15.1%

Utilities

FIDU
3.8%
IYT

-

Basic Materials

FIDU
1.6%
IYT

-

Consumer Cyclical

FIDU
0.5%
IYT

-

Financial Services

FIDU
0.2%
IYT

-

Real Estate

FIDU
0.0%
IYT

-

Consumer Defensive

FIDU
0.0%
IYT

-

Healthcare

FIDU
0.0%
IYT

-

Communication Services

FIDU
0.0%
IYT

-

Energy

FIDU
0.0%
IYT

-

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Fidelity MSCI Industrials Index ETF

iShares Transportation Average ETF

Often compared with FIDU:
FIDU vs. XLIFIDU vs. VISFIDU vs. FENIFIDU vs. HONFIDU vs. EXIFIDU vs. VOOFIDU vs. SPY
Often compared with IYT:
IYT vs. XTNIYT vs. SPYIYT vs. FTXRIYT vs. XLIIYT vs. UNPIYT vs. QQQIYT vs. WBA

Return for Risk

FIDU vs. IYT — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
FIDU
FIDU Risk / Return Rank: 4646
Overall Rank
FIDU Sharpe Ratio Rank: 4444
Sharpe Ratio Rank
FIDU Sortino Ratio Rank: 4444
Sortino Ratio Rank
FIDU Omega Ratio Rank: 4141
Omega Ratio Rank
FIDU Calmar Ratio Rank: 4545
Calmar Ratio Rank
FIDU Martin Ratio Rank: 5555
Martin Ratio Rank
IYT
IYT Risk / Return Rank: 5757
Overall Rank
IYT Sharpe Ratio Rank: 5454
Sharpe Ratio Rank
IYT Sortino Ratio Rank: 5454
Sortino Ratio Rank
IYT Omega Ratio Rank: 5252
Omega Ratio Rank
IYT Calmar Ratio Rank: 6262
Calmar Ratio Rank
IYT Martin Ratio Rank: 6262
Martin Ratio Rank
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. IYT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity MSCI Industrials Index ETF (FIDU) and iShares Transportation Average ETF (IYT). 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.

FIDUIYTDifference
Sharpe ratioReturn per unit of total volatility
1.09
1.29

-0.20

Sortino ratioReturn per unit of downside risk
1.60
1.89

-0.28

Omega ratioGain probability vs. loss probability

1.19

1.23

-0.04

Calmar ratioReturn relative to maximum drawdown

1.61

2.17

-0.56

Martin ratioReturn relative to average drawdown

6.39

7.44

-1.05

FIDU vs. IYT - Sharpe Ratio Comparison

The current FIDU Sharpe Ratio is 1.09, which is comparable to the IYT Sharpe Ratio of 1.29. The chart below compares the historical Sharpe Ratios of FIDU and IYT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

FIDU vs. IYT - Drawdown Comparison

The maximum FIDU drawdown since its inception was -42.31%, smaller than the maximum IYT drawdown of -60.39%. Use the drawdown chart below to compare losses from any high point for FIDU and IYT.

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Drawdown Indicators

FIDUIYTDifference

Max Drawdown

Largest peak-to-trough decline

-42.31%

-60.39%

+18.08%

Max Drawdown (1Y)

Largest decline over 1 year

-12.23%

-12.09%

-0.14%

Max Drawdown (3Y)

Largest decline over 3 years

-20.52%

-26.35%

+5.83%

Max Drawdown (5Y)

Largest decline over 5 years

-22.87%

-29.15%

+6.28%

Max Drawdown (10Y)

Largest decline over 10 years

-42.31%

-41.28%

-1.03%

Current Drawdown

Current decline from peak

-4.41%

-5.69%

+1.28%

Average Drawdown

Average peak-to-trough decline

-4.77%

-9.26%

+4.49%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.09%

3.53%

-0.44%

Volatility

FIDU vs. IYT - Volatility Comparison

Fidelity MSCI Industrials Index ETF (FIDU) has a higher volatility of 5.09% compared to iShares Transportation Average ETF (IYT) at 4.43%. This indicates that FIDU's price experiences larger fluctuations and is considered to be riskier than IYT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

FIDUIYTDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.09%

4.43%

+0.66%

Volatility (6M)

Calculated over the trailing 6-month period

14.73%

16.10%

-1.37%

Volatility (1Y)

Calculated over the trailing 1-year period

18.03%

20.29%

-2.26%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

18.47%

22.33%

-3.86%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

20.37%

23.11%

-2.74%

FIDU vs. IYT - Expense Ratio Comparison

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

Dividends

FIDU vs. IYT - Dividend Comparison

FIDU's dividend yield for the trailing twelve months is around 0.95%, more than IYT's 0.92% yield.

PositionTTM20252024202320222021202020192018201720162015
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%
IYT
iShares Transportation Average ETF		0.92%1.00%1.08%1.26%1.40%0.77%0.93%1.29%1.35%0.92%0.96%1.28%

Frequently Asked Questions

FIDU and IYT have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

FIDU has higher volatility (5.09%) compared to IYT (4.43%). In terms of maximum drawdown, FIDU dropped -42.31% vs IYT's -60.39%.

On 10-year performance, FIDU leads with 14.03% vs 10.75% for IYT. On fees, FIDU is cheaper at 0.08% per year. On volatility, IYT has been the lower-risk option at 4.43%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, FIDU has performed better with a 14.03% return vs 10.75%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

FIDU is cheaper with a 0.08% expense ratio, compared with 0.42% for IYT.

FIDU has the higher dividend yield at 0.95%, compared with 0.92% for IYT.

FIDU tracks MSCI USA IMI Industrials Index, while IYT tracks Dow Jones Transportation Average Index. They also come from different issuers: Fidelity and iShares. Their fees differ too: 0.08% for FIDU and 0.42% for IYT.

IYT currently has the higher Sharpe Ratio (1.29 vs 1.09), 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.

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