Fidelity MSCI Industrials Index ETF
ALTAR
Score™
4.8% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
32.2x P/Sales
ratio
2.1x
P/BV
ratio
4.6x Div.
yield
1.4%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Fidelity MSCI Industrials Index ETF is an exchange-traded fund incorporated in the USA. The ETF seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the MSCI USA IMI Industrials Index.

FUND BASICS
Category US Equities
Fund Sponsor FMR LLC
Website www.fidelity.com
Inception date Oct 21, 2013
Assets (mns) $596
Currency USD
Expense ratio 8 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian State Street Bank & Trust Co
Weighting Market Cap
Index replication Full
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 333
Wgt avg mkt cap (mns) $55,777
Large cap (>$10bn) 79.9%
Mid cap ($2-10bn) 16.5%
Small cap (<$2bn) 3.2%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
UNION PACIFIC CORP 4.2 %
HONEYWELL INTERNATIONAL INC 4.1 %
BOEING CO 3.2 %
UNITED PARCEL SERVICE-CL B 3.2 %
RAYTHEON TECHNOLOGIES CORPORATION 3.0 %
CATERPILLAR INC 2.9 %
GENERAL ELECTRIC CO 2.8 %
3M CO 2.8 %
DEERE & CO 2.5 %
LOCKHEED MARTIN CORP 2.4 %
Total 31.1 %

TOP COUNTRY EXPOSURE
UNITED STATES 93.3 %
IRELAND 3.9 %
BRITAIN 1.6 %
CANADA 0.8 %
BERMUDA 0.1 %






HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru December 31)
Year-to-date 1 year 5 years 10 years Since Incep.
13.7% 13.7% 13.5% -- 10.8%

Market Correlations
versus... Beta R-squared
S&P500 1.20 89%
MSCI EAFE 1.18 85%
MSCI Emg. Mkts. 0.92 66%

Technical Indicators
Recent close $48.08
30d moving avg. $47.22
Annualized volatility 23.9%
Short interest (ETF) 0.9%
Short interest (Underlying) 3.4%
Relative strength (RSI) 57

Liquidity measures
Avg. volume (thou.) 112
Turnover 0.9%
Bid/Ask (% of price) 0.08%
ADV underlying (mns) $35,977

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 potential alternatives to the Fidelity MSCI Industrials Index ETF ETF based on the alternatives' overlap in portfolio holdings with FIDU. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: FIDU Expense: 8 bp ALTAR Score™: 4.8%


ALTERNATIVE ETFs BASED ON OVERLAP WITH FIDU
Ticker Fund
Name
Overlap1
vs FIDU
(%)
Expense
ratio
(bp)
Savings
vs FIDU
(bp)
ALTAR
Score™
(%)
ALTAR
vs FIDU
(%)
VIS Vanguard Industrials Index Fund 99.0 10 -2 4.7 -0.2
XLI Industrial Select Sector SPDR Fund 74.1 13 -5 4.8 -0.0
IYJ iShares U.S. Industrials ETF 66.0 42 -34 4.9 +0.1
JHMI John Hancock Multifactor Industrials ETF 63.2 40 -32 5.0 +0.2
RGI Invesco S&P 500 Equal Weight Industrials ETF 54.0 40 -32 4.2 -0.6
EXI iShares Global Industrials ETF 49.6 46 -38 4.8 +0.0
FXR First Trust Industrials/Producer Durables AlphaDEX Fund 29.9 63 -55 5.1 +0.3
BIBL Inspire ETF 23.0 35 -27 4.4 -0.5
SZNE Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF 22.0 60 -52 4.6 -0.2
PPA Invesco Aerospace & Defense ETF 20.8 59 -51 5.1 +0.3
MAGA Point Bridge GOP Stock Tracker ETF 20.1 72 -64 5.3 +0.5
SHLD Victoryshares Protect America ETF 19.9 60 -52 6.1 +1.3
ROKT SPDR S&P Kensho Final Frontiers ETF 19.7 45 -37 5.5 +0.7
PRN Invesco DWA Industrials Momentum ETF 19.2 60 -52 4.8 +0.0
TPLC Timothy Plan US Large Cap Core ETF 18.5 52 -44 4.4 -0.4
DSTL Distillate US Fundamental Stability & Value ETF 18.4 39 -31 5.6 +0.8
FTCS First Trust Capital Strength ETF 18.4 58 -50 5.0 +0.2
PAVE Global X U.S. Infrastructure Development ETF 17.8 47 -39 4.2 -0.6
ONEO SPDR Russell 1000 Momentum Focus ETF 17.1 20 -12 5.6 +0.8
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 17.1 17 -9 5.6 +0.8
PWV Invesco Dynamic Large Cap Value ETF 16.8 56 -48 6.8 +2.0
XRLV Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF 16.8 25 -17 5.8 +1.0
XTN SPDR S&P Transportation ETF 16.6 35 -27 3.3 -1.6
ITA iShares U.S. Aerospace & Defense ETF 16.4 42 -34 5.4 +0.6
OMFL Invesco Russell 1000 Dynamic Multifactor ETF 16.3 29 -21 7.2 +2.4
TPHD Timothy Plan High Dividend Stock ETF 16.2 52 -44 5.6 +0.7
XAR SPDR S&P Aerospace & Defense ETF 16.1 35 -27 4.3 -0.5
ONEV SPDR Russell 1000 Low Volatility Focus ETF 16.1 20 -12 6.1 +1.3
PQLC PGIM QMA Strategic Alpha Large-Cap Core ETF 15.8 17 -9 6.1 +1.2
IYT iShares Transportation Average ETF 15.6 42 -34 3.9 -1.0
DGRW WisdomTree U.S. Quality Dividend Growth Fund 15.6 28 -20 6.0 +1.2
IWS iShares Russell Mid-Cap Value ETF 15.6 24 -16 5.9 +1.1
PBSM Invesco PureBeta MSCI USA Small Cap ETF 15.4 6 2 4.0 -0.8
VIG Vanguard Dividend Appreciation Index Fund 15.3 6 2 5.0 +0.2
KNG Cboe Vest S&P 500 Dividend Aristocrats Target Income ETF 15.0 75 -67 5.3 +0.4
NOBL ProShares S&P 500 Dividend Aristocrats ETF 15.0 35 -27 5.7 +0.9
FTXR First Trust Nasdaq Transportation ETF 14.9 60 -52 5.8 +1.0
CFO VictoryShares US 500 Enhanced Volatility Weighted Index ETF 14.9 35 -27 5.0 +0.2
USEQ Invesco Russell 1000 Enhanced Equal Weight ETF 14.9 29 -21 6.0 +1.2
JKG iShares Morningstar Mid-Cap ETF 14.9 25 -17 4.4 -0.4
CFA VictoryShares US 500 Volatility Weighted Index ETF 14.9 35 -27 5.0 +0.2
SCHA Schwab U.S. Small-Cap ETF 14.7 4 4 3.6 -1.2
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 14.7 17 -9 4.0 -0.8
VTRN Victory Portfolios II VictoryShares Top Veteran Employers ET 14.6 60 -52 6.2 +1.3
PFM Invesco Dividend Achievers ETF 14.5 53 -45 5.0 +0.2
SCHM Schwab U.S. Mid-Cap ETF 14.3 4 4 5.0 +0.2
OUSA O'Shares FTSE US Quality Dividend ETF 14.3 48 -40 5.5 +0.7
JHMM John Hancock Multifactor Mid Cap ETF 14.3 42 -34 4.7 -0.2
IWR iShares Russell Midcap ETF 14.2 19 -11 4.7 -0.1
VB Vanguard Small-Cap ETF 14.2 5 3 4.4 -0.4
KLCD KFA Large Cap Quality Dividend Index ETF 14.1 42 -34 5.0 +0.2
VBR Vanguard Small Cap Value Index Fund 14.0 7 1 6.4 +1.6
VETS Pacer Military Times Best Employers ETF 13.9 60 -52 6.1 +1.3
RSP Invesco S&P 500 Equal Weight ETF 13.6 20 -12 5.6 +0.7
VONV Vanguard Russell 1000 Value Index Fund 13.6 8 0 6.1 +1.3
FLQL Franklin LibertyQ U.S. Equity ETF 13.6 15 -7 5.9 +1.1
REVS Columbia Research Enhanced Value ETF 13.5 19 -11 6.7 +1.8
FLQM Franklin LibertyQ U.S. Mid Cap Equity ETF 13.4 30 -22 5.3 +0.5
IUSS Invesco Strategic US Small Company ETF 13.4 23 -15 3.7 -1.2
JKF iShares Morningstar Large Cap Value ETF 13.2 25 -17 6.6 +1.8
MGV Vanguard Mega Cap Value ETF 13.2 7 1 6.4 +1.6
IWD iShares Russell 1000 Value ETF 13.0 19 -11 6.0 +1.2
DIA SPDR Dow Jones Industrial Average ETF Trust 13.0 16 -8 4.9 +0.1
BKSE BNY Mellon US Small Cap Core Equity ETF 13.0 4 4 4.7 -0.1
BKMC BNY Mellon US Mid Cap Core Equity ETF 13.0 4 4 4.8 +0.0
VSDA VictoryShares Dividend Accelerator ETF 12.8 35 -27 4.6 -0.2
VOT Vanguard Mid-Cap Growth Index Fund 12.8 7 1 2.7 -2.2
SCHV Schwab U.S. Large-Cap Value ETF 12.8 4 4 6.0 +1.2
FMK First Trust Mega Cap AlphaDEX Fund 12.8 70 -62 5.0 +0.2
VFMO Vanguard U.S. Momentum Factor ETF 12.5 13 -5 1.4 -3.5
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 12.5 9 -1 5.0 +0.1
SIZE iShares MSCI USA Size Factor ETF 12.5 15 -7 5.1 +0.3
EUSA iShares MSCI USA Equal Weighted ETF 12.4 15 -7 5.1 +0.3
VFQY Vanguard U.S. Quality Factor ETF 12.3 13 -5 5.3 +0.5
AVUS Avantis U.S. Equity ETF 12.1 15 -7 4.8 -0.0
VTV Vanguard Value Index Fund 12.1 4 4 6.5 +1.7
IUS Invesco Strategic US ETF 12.1 19 -11 5.4 +0.6
SDY SPDR S&P Dividend ETF 12.1 35 -27 6.4 +1.6
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 11.9 7 1 3.9 -1.0
DGRO iShares Core Dividend Growth ETF 11.9 8 0 6.0 +1.2
FSMD Fidelity Small-Mid Factor ETF 11.9 29 -21 5.3 +0.4
KVLE KFA Value Liner Dynamic Core Equity Index ETF 11.9 56 -48 5.7 +0.8
VOOV Vanguard S&P 500 Value ETF 11.9 10 -2 6.6 +1.7
VFMF Vanguard U.S. Multifactor ETF 11.8 19 -11 6.1 +1.3
EDOW First Trust Dow 30 Equal Weight ETF 11.7 50 -42 5.1 +0.3
USLB Invesco Russell 1000 Low Beta Equal Weight ETF 11.7 35 -27 5.1 +0.2
FAB First Trust Multi Cap Value AlphaDEX Fund 11.7 71 -63 7.5 +2.7
FVD First Trust Value Line Dividend Index Fund 11.7 70 -62 5.8 +1.0
FNDB Schwab Fundamental U.S. Broad Market Index ETF 11.6 25 -17 5.7 +0.8
VFLQ Vanguard U.S. Liquidity Factor ETF 11.6 14 -6 3.5 -1.4
IUSV iShares Core S&P U.S. Value ETF 11.6 4 4 6.4 +1.6
PSET Principal Price Setters Index ETF 11.6 15 -7 4.6 -0.2
VO Vanguard Mid-Cap Index Fund 11.6 4 4 4.5 -0.3
USXF iShares ESG Advanced MSCI USA ETF 11.4 10 -2 4.5 -0.3
RNLC Large Cap US Equity Select ETF 11.4 60 -52 5.2 +0.4
SPYV SPDR Portfolio S&P 500 Value ETF 11.4 4 4 6.4 +1.5
IVE iShares S&P 500 Value ETF 11.3 18 -10 6.2 +1.4
IWX iShares Russell Top 200 Value ETF 11.3 20 -12 6.0 +1.2
IWM iShares Russell 2000 ETF 11.3 19 -11 2.5 -2.3

1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.

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RESULTS & ESTIMATES

  2015 2016 2017 2018 2019 2020E 2021E
Sales per share ** ** ** ** ** ** **
Earnings per share ** ** ** ** ** ** **
Dividends per share info ** ** ** ** ** ** **
Book value per share ** ** ** ** ** ** **

 

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

OTHER FUNDAMENTAL METRICS

Long term EPS growth est. **%   Debt-to-equity **x
Asset turnover **%   Assets-to-equity **x

Return on equity

Revision activity*
*Six months ago = 100

Net margins

Compound annual growth rates

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VALUATION METRICS
  2019 2020E 2021E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:
Fidelity MSCI Industrials Index ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

NEUTRAL

Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 19.9 %
Divided by: Fwd. P/BV 4.1 x
Less: Expense ratio 8 bp
Equals: ALTAR Score 4.8 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.54 CATEGORY
AVERAGE
1.49
 
The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale:

BUY = 1; OVERWEIGHT = 1.5, HOLD = 2; UNDERWEIGHT = 2.5; and SELL = 3.

Readers are cautioned that because analyst ratings tend to be inflated, the composite score may be more useful as a relative measure of sentiment between funds rather than as a stand-alone recommendation.
 

 

See RATING tab for calculation of ALTAR Score™
Risk & reward. Uses std. dev. as proxy for risk, ALTAR Score™ for return forecast.
Dividends paid by constituents to the fund. May differ from actual distributions to shareholders due to constituent changes, timing issues or other factors.
Monthly returns based on changes in price plus dividends. May differ from daily returns reported by funds. See below for standardized returns.