FIDU vs. TOLZ

Last updated Aug 2, 2026

FIDU (Fidelity MSCI Industrials Index ETF) and TOLZ (ProShares DJ Brookfield Global Infrastructure ETF) are both exchange-traded funds - FIDU is a Industrials Equities fund tracking the MSCI USA IMI Industrials Index, while TOLZ is a Infrastructure Equities fund tracking the Dow Jones Brookfield Global Infrastructure Composite Index. Both are passively managed. Over the past 10 years, FIDU returned 14.03%/yr vs 7.50%/yr for TOLZ. Their 0.58 correlation means they have sometimes moved together and sometimes differently. FIDU charges 0.08%/yr vs 0.46%/yr for TOLZ.

Performance

FIDU vs. TOLZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity MSCI Industrials Index ETF (FIDU) and ProShares DJ Brookfield Global Infrastructure ETF (TOLZ). 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 TOLZ's 12.26% return. Over the past 10 years, FIDU has outperformed TOLZ with an annualized return of 14.03%, while TOLZ has yielded a comparatively lower 7.50% 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%

TOLZ

• 1D: -0.70%
• 1M: 0.30%
• 6M: 7.13%
• YTD: 12.26%
• 1Y: 15.76%
• 3Y*: 14.11%
• 5Y*: 8.83%
• 10Y*: 7.50%
• ALL TIME*: 6.71%

*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)
FIDU Fidelity MSCI Industrials Index ETF	$8.05M	$8.74M	$9.96M
TOLZ ProShares DJ Brookfield Global Infrastructure ETF	$2.85M	$1.54M	$1.36M

FIDU vs. TOLZ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
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%
TOLZ ProShares DJ Brookfield Global Infrastructure ETF	12.26%	14.76%	11.67%	6.18%	-4.25%	20.47%	-9.46%	26.84%	-7.90%	13.28%

Correlation

The correlation between FIDU and TOLZ is 0.22, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.22
Correlation (3Y) Balances recent behavior with more history.	0.43
Correlation (5Y) Shows whether the relationship held over a longer period.	0.56
Correlation (10Y) Provides a long-term view across more market conditions.	0.57
Correlation (All Time) Calculated using the full available price history since Mar 27, 2014	0.58

Over the past year, the correlation between FIDU and TOLZ has dropped to 0.22 - well below their long-term average of 0.58, suggesting their price drivers have been diverging.

FIDU vs. TOLZ - Sectors Allocation Comparison

Sectors	FIDU	TOLZ
Industrials	86.2%	4.8%
Technology	5.8%	0.7%
Utilities	3.8%	24.2%
Basic Materials	1.6%	-
Consumer Cyclical	0.5%	0.8%
Financial Services	0.2%	2.0%
Real Estate	0.0%	6.9%
Consumer Defensive	0.0%	4.1%
Healthcare	0.0%	-
Communication Services	0.0%	-
Energy	0.0%	36.4%

Return for Risk

FIDU vs. TOLZ — 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

TOLZ

TOLZ Risk / Return Rank: 71
TOLZ Sharpe Ratio Rank: 67
TOLZ Sortino Ratio Rank: 69
TOLZ Omega Ratio Rank: 62
TOLZ Calmar Ratio Rank: 84
TOLZ Martin Ratio Rank: 72

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. TOLZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity MSCI Industrials Index ETF (FIDU) and ProShares DJ Brookfield Global Infrastructure ETF (TOLZ). 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	TOLZ	Difference
Sharpe ratio: Return per unit of total volatility	1.09	1.55	-0.45
Sortino ratio: Return per unit of downside risk	1.60	2.24	-0.63
Omega ratio: Gain probability vs. loss probability	1.19	1.27	-0.07
Calmar ratio: Return relative to maximum drawdown	1.61	3.20	-1.59
Martin ratio: Return relative to average drawdown	6.39	8.87	-2.48

FIDU vs. TOLZ - Sharpe Ratio Comparison

The current FIDU Sharpe Ratio is 1.09, which is comparable to the TOLZ Sharpe Ratio of 1.55. The chart below compares the historical Sharpe Ratios of FIDU and TOLZ, 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. TOLZ - Drawdown Comparison

The maximum FIDU drawdown since its inception was -42.31%, which is greater than TOLZ's maximum drawdown of -39.33%. Use the drawdown chart below to compare losses from any high point for FIDU and TOLZ.

Drawdown Indicators

	FIDU	TOLZ	Difference
Max Drawdown Largest peak-to-trough decline	-42.31%	-39.33%	-2.98%
Max Drawdown (1Y) Largest decline over 1 year	-12.23%	-5.18%	-7.05%
Max Drawdown (3Y) Largest decline over 3 years	-20.52%	-9.26%	-11.26%
Max Drawdown (5Y) Largest decline over 5 years	-22.87%	-21.85%	-1.02%
Max Drawdown (10Y) Largest decline over 10 years	-42.31%	-39.33%	-2.98%
Current Drawdown Current decline from peak	-4.41%	-2.30%	-2.11%
Average Drawdown Average peak-to-trough decline	-4.77%	-6.57%	+1.80%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.09%	1.86%	+1.23%

Volatility

FIDU vs. TOLZ - Volatility Comparison

Fidelity MSCI Industrials Index ETF (FIDU) has a higher volatility of 5.09% compared to ProShares DJ Brookfield Global Infrastructure ETF (TOLZ) at 3.58%. This indicates that FIDU's price experiences larger fluctuations and is considered to be riskier than TOLZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FIDU	TOLZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.09%	3.58%	+1.51%
Volatility (6M) Calculated over the trailing 6-month period	14.73%	8.79%	+5.94%
Volatility (1Y) Calculated over the trailing 1-year period	18.03%	10.70%	+7.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.47%	14.03%	+4.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.37%	16.23%	+4.14%

FIDU vs. TOLZ - Expense Ratio Comparison

FIDU has a 0.08% expense ratio, which is lower than TOLZ's 0.46% expense ratio.

Dividends

FIDU vs. TOLZ - Dividend Comparison

FIDU's dividend yield for the trailing twelve months is around 0.95%, less than TOLZ's 2.97% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
TOLZ ProShares DJ Brookfield Global Infrastructure ETF	2.97%	3.99%	3.53%	3.34%	3.01%	3.28%	3.16%	2.96%	3.63%	3.30%	2.62%	3.67%

Frequently Asked Questions

Can I hold both FIDU and TOLZ in my portfolio?

FIDU and TOLZ have a correlation of 0.22, 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 TOLZ?

FIDU has higher volatility (5.09%) compared to TOLZ (3.58%). In terms of maximum drawdown, FIDU dropped -42.31% vs TOLZ's -39.33%.

Which ETF is better, FIDU or TOLZ?

On 10-year performance, FIDU leads with 14.03% vs 7.50% for TOLZ. On fees, FIDU is cheaper at 0.08% per year. On volatility, TOLZ has been the lower-risk option at 3.58%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FIDU or TOLZ?

Over the 10-year period, FIDU has performed better with a 14.03% return vs 7.50%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FIDU or TOLZ?

FIDU is cheaper with a 0.08% expense ratio, compared with 0.46% for TOLZ.

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

TOLZ has the higher dividend yield at 2.97%, compared with 0.95% for FIDU.

What is the main difference between FIDU and TOLZ?

FIDU is categorized as Industrials Equities, while TOLZ is Infrastructure Equities. FIDU tracks MSCI USA IMI Industrials Index, while TOLZ tracks Dow Jones Brookfield Global Infrastructure Composite Index. They also come from different issuers: Fidelity and ProShares. Their fees differ too: 0.08% for FIDU and 0.46% for TOLZ.

Which has better risk-adjusted returns?

TOLZ currently has the higher Sharpe Ratio (1.55 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.