FIDU vs. SPY

Last updated Jun 23, 2026

FIDU (Fidelity MSCI Industrials Index ETF) and SPY (State Street SPDR S&P 500 ETF) are both exchange-traded funds - FIDU is a Industrials Equities fund tracking the MSCI USA IMI Industrials Index, while SPY is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 10 years, FIDU returned 15.01%/yr vs 15.70%/yr for SPY. Their correlation of 0.83 suggests significant overlap in exposure. FIDU charges 0.08%/yr vs 0.09%/yr for SPY.

Performance

FIDU vs. SPY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity MSCI Industrials Index ETF (FIDU) and State Street SPDR S&P 500 ETF (SPY). 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 SPY's 9.74% return. Both investments have delivered pretty close results over the past 10 years, with FIDU having a 15.01% annualized return and SPY not far ahead at 15.70%.

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%

SPY

• 1D: -0.31%
• 1M: 0.09%
• YTD: 9.74%
• 6M: 9.27%
• 1Y: 26.65%
• 3Y*: 21.27%
• 5Y*: 13.51%
• 10Y*: 15.70%

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

FIDU vs. SPY - 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%
SPY State Street SPDR S&P 500 ETF	9.74%	17.72%	24.89%	26.18%	-18.18%	28.73%	18.33%	31.22%	-4.57%	21.71%

Correlation

The correlation between FIDU and SPY is 0.71, 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	0.71
Correlation (3Y) Calculated over the trailing 3-year period	0.78
Correlation (5Y) Calculated over the trailing 5-year period	0.83
Correlation (10Y) Calculated over the trailing 10-year period	0.82
Correlation (All Time) Calculated using the full available price history since Oct 24, 2013	0.84

The correlation between FIDU and SPY shifts across timeframes, from 0.71 (1 year) to 0.83 (all time), reflecting how their relationship changes across market environments.

FIDU vs. SPY - Sectors Allocation Comparison

Sectors	FIDU	SPY
Industrials	90.3%	7.8%
Utilities	4.1%	2.1%
Technology	4.0%	39.0%
Consumer Cyclical	1.0%	9.9%
Energy	0.1%	3.1%
Basic Materials	0.1%	1.7%
Real Estate	0.0%	1.8%
Communication Services	0.0%	10.6%
Healthcare	0.0%	8.3%
Financial Services	0.0%	11.1%
Consumer Defensive	-	4.5%

Return for Risk

FIDU vs. SPY — 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

SPY

SPY Risk / Return Rank: 68
SPY Sharpe Ratio Rank: 69
SPY Sortino Ratio Rank: 66
SPY Omega Ratio Rank: 68
SPY Calmar Ratio Rank: 63
SPY Martin Ratio Rank: 74

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. SPY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity MSCI Industrials Index ETF (FIDU) and State Street SPDR S&P 500 ETF (SPY). 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	SPY	Difference
Sharpe ratio: Return per unit of total volatility	1.93	2.16	-0.23
Sortino ratio: Return per unit of downside risk	2.70	2.91	-0.21
Omega ratio: Gain probability vs. loss probability	1.33	1.39	-0.06
Calmar ratio: Return relative to maximum drawdown	2.72	3.01	-0.29
Martin ratio: Return relative to average drawdown	11.20	13.54	-2.33

FIDU vs. SPY - Sharpe Ratio Comparison

The current FIDU Sharpe Ratio is 1.93, which is comparable to the SPY Sharpe Ratio of 2.16. The chart below compares the historical Sharpe Ratios of FIDU and SPY, 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. SPY - Drawdown Comparison

The maximum FIDU drawdown since its inception was -42.31%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for FIDU and SPY.

Drawdown Indicators

	FIDU	SPY	Difference
Max Drawdown Largest peak-to-trough decline	-42.31%	-55.19%	+12.88%
Max Drawdown (1Y) Largest decline over 1 year	-12.23%	-8.88%	-3.35%
Max Drawdown (3Y) Largest decline over 3 years	-20.52%	-18.76%	-1.76%
Max Drawdown (5Y) Largest decline over 5 years	-22.87%	-24.50%	+1.63%
Max Drawdown (10Y) Largest decline over 10 years	-42.31%	-33.72%	-8.59%
Current Drawdown Current decline from peak	0.00%	-1.75%	+1.75%
Average Drawdown Average peak-to-trough decline	-4.79%	-9.04%	+4.25%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.97%	1.97%	+1.00%

Volatility

FIDU vs. SPY - Volatility Comparison

Fidelity MSCI Industrials Index ETF (FIDU) has a higher volatility of 6.07% compared to State Street SPDR S&P 500 ETF (SPY) at 4.64%. This indicates that FIDU's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FIDU	SPY	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.07%	4.64%	+1.43%
Volatility (6M) Calculated over the trailing 6-month period	14.15%	9.75%	+4.40%
Volatility (1Y) Calculated over the trailing 1-year period	17.29%	12.43%	+4.86%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.37%	17.14%	+1.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.37%	17.99%	+2.38%

FIDU vs. SPY - Expense Ratio Comparison

FIDU has a 0.08% expense ratio, which is lower than SPY's 0.09% 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. SPY - Dividend Comparison

FIDU's dividend yield for the trailing twelve months is around 0.92%, less than SPY's 1.01% 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%
SPY State Street SPDR S&P 500 ETF	1.01%	1.07%	1.21%	1.40%	1.65%	1.20%	1.52%	1.75%	2.04%	1.80%	2.03%	2.06%

Frequently Asked Questions

Can I hold both FIDU and SPY in my portfolio?

FIDU and SPY have a correlation of 0.71, 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 SPY?

FIDU has higher volatility (6.07%) compared to SPY (4.64%). In terms of maximum drawdown, FIDU dropped -42.31% vs SPY's -55.19%.

Which ETF is better, FIDU or SPY?

On 10-year performance, SPY leads with 15.70% vs 15.01% for FIDU. On fees, FIDU is cheaper at 0.08% per year. On volatility, SPY has been the lower-risk option at 4.64%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FIDU or SPY?

Over the 10-year period, SPY has performed better with a 15.70% return vs 15.01%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FIDU or SPY?

FIDU is cheaper with a 0.08% expense ratio, compared with 0.09% for SPY.

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

SPY has the higher dividend yield at 1.01%, compared with 0.92% for FIDU.

What is the main difference between FIDU and SPY?

FIDU is categorized as Industrials Equities, while SPY is S&P 500. FIDU tracks MSCI USA IMI Industrials Index, while SPY tracks S&P 500 Index. They also come from different issuers: Fidelity and State Street. Their fees differ too: 0.08% for FIDU and 0.09% for SPY.

Which has better risk-adjusted returns?

SPY currently has the higher Sharpe Ratio (2.16 vs 1.93), 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.