FIDU vs PHO: Holdings Overlap
FIDUFidelity MSCI Industrials Index ETF
Fidelity · 359 holdings · $2.3B · as of 2026-04-30
PHOInvesco Water Resources ETF
Invesco · 36 holdings · $2.1B · as of 2026-04-30
How similar are FIDU and PHO?
Fidelity MSCI Industrials Index ETF (FIDU, by Fidelity) holds 359 positions; Invesco Water Resources ETF (PHO, by Invesco) holds 36. They have 19 holdings in common, and by portfolio weight the two funds are 3.3% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 3.3%Sum of the smaller weight of each shared holding
- Shared Holdings
- 19FIDU holds 359 · PHO holds 36
- Weight in Shared Holdings
- FIDU 3%·PHO 55%Share of each fund's weight in stocks both funds own
Based on each fund's latest official holdings. How is this calculated?
What makes each fund different
Only in FIDU
340 of 359 positions (96.5% of the fund) are not held by PHO. Showing the top 30 by weight.
Sector Breakdown
| Sector | FIDU | PHO |
|---|---|---|
| Industrials | 99.5% | 55.4% |
| Information Technology | 0.3% | 13.0% |
| Utilities | 0.0% | 12.8% |
| Health Care | 0.0% | 8.2% |
| Materials | 0.0% | 8.1% |
| Other Sectors | 0.0% | 0.0% |
| Unclassified | 0.0% | 2.5% |
Share of each fund's portfolio weight by GICS-style sector, compiled from issuer fund data and our own classification of the holdings, not the issuers' published sector charts. “Unclassified” is weight we could not classify (0% of FIDU, 2% of PHO).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| FIDU | +1.6% | +20.2% | +25.0% | +20.8% | +14.0% | +14.2% | 0.91% |
| PHO | +5.7% | +4.5% | +3.2% | +8.8% | +5.6% | +12.2% | 0.55% |
Total returns including dividends, from adjusted daily closes as of 2026-08-07. 3Y/5Y/10Y are annualized. Yield is trailing-12-month distributions over the last close. Past performance does not predict future results.
Project the growth of $10,000 in FIDU vs PHO →
Shared Holdings(19)
The top 10 shared positions account for 82% of the overlap, led by FERG, XYL and VLTO.
 FERGFerguson Enterprises Inc. | 0.75% | 8.68% | 0.75% |
|---|---|---|---|
 XYLXylem Inc/NY | 0.41% | 3.85% | 0.41% |
 VLTOVeralto Corp. | 0.31% | 3.83% | 0.31% |
 IEXIDEX Corp. | 0.23% | 4.39% | 0.23% |
 MLIMueller Industries, Inc. | 0.20% | 4.37% | 0.20% |
 PNRPentair PLC | 0.19% | 3.44% | 0.19% |
 ACMAECOM | 0.16% | 3.63% | 0.16% |
 WMSAdvanced Drainage Systems, Inc. | 0.16% | 3.25% | 0.16% |
 VMIValmont Industries, Inc. | 0.14% | 2.58% | 0.14% |
 CNMCore & Main, Inc., Class A | 0.14% | 3.93% | 0.14% |
 WTSWatts Water Technologies, Inc., Class A | 0.12% | 1.92% | 0.12% |
 TTEKTetra Tech, Inc. | 0.12% | 3.21% | 0.12% |
 ZWSZurn Elkay Water Solutions Corp. | 0.11% | 1.78% | 0.11% |
 AOSA.O. Smith Corp. | 0.10% | 2.85% | 0.10% |
 MWAMueller Water Products, Inc., Class A | 0.06% | 1.17% | 0.06% |
 FELEFranklin Electric Co., Inc. | 0.05% | 1.33% | 0.05% |
 GRCGorman-Rupp Co. (The) | 0.02% | 0.25% | 0.02% |
 LNNLindsay Corp. | 0.02% | 0.44% | 0.02% |
 ERIIEnergy Recovery, Inc. | 0.01% | 0.26% | 0.01% |
Frequently Asked Questions
How much do FIDU and PHO overlap?
FIDU and PHO overlap by 3.3% of portfolio weight. They share 19 holdings (FIDU holds 359 positions and PHO holds 36), based on each fund's latest SEC-reported holdings.
Is it redundant to own both FIDU and PHO?
The two portfolios are 3.3% identical by weight. Owning both is genuine diversification: the funds hold almost none of the same securities.
What are the biggest shared holdings of FIDU and PHO?
The largest positions held by both funds are FERG, XYL, VLTO, IEX and MLI. Together the top 10 shared positions account for 82% of the total overlap.
What does FIDU own that PHO doesn't?
340 positions (96.5% of FIDU) are unique to FIDU, led by CAT, GE and GEV. In the other direction, 17 positions (44.9% of PHO) are unique to PHO.