FIDU vs PPA: Holdings Overlap
FIDUFidelity MSCI Industrials Index ETF
Fidelity · 359 holdings · $2.3B · as of 2026-04-30
PPAInvesco Aerospace & Defense ETF
Invesco · 60 holdings · $8.7B · as of 2026-04-30
How similar are FIDU and PPA?
Fidelity MSCI Industrials Index ETF (FIDU, by Fidelity) holds 359 positions; Invesco Aerospace & Defense ETF (PPA, by Invesco) holds 60. They have 48 holdings in common, and by portfolio weight the two funds are 28.3% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 28.3%Sum of the smaller weight of each shared holding
- Shared Holdings
- 48FIDU holds 359 · PPA holds 60
- Weight in Shared Holdings
- FIDU 28%·PPA 88%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
311 of 359 positions (71.5% of the fund) are not held by PPA. Showing the top 30 by weight.
Sector Breakdown
| Sector | FIDU | PPA |
|---|---|---|
| Industrials | 99.5% | 92.8% |
| Information Technology | 0.3% | 7.4% |
| Communication Services | 0.0% | 0.1% |
| Other Sectors | 0.0% | 0.0% |
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.
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% |
| PPA | +2.8% | +17.5% | +25.3% | +29.8% | +20.7% | +17.8% | 0.35% |
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 PPA →
Shared Holdings(48)
The top 10 shared positions account for 75% of the overlap, led by GE, RTX and BA.
 GEGeneral Electric Co. | 4.37% | 7.87% | 4.37% |
|---|---|---|---|
 RTXRTX Corp. | 3.38% | 7.15% | 3.38% |
 BABoeing Co. (The) | 2.56% | 9.14% | 2.56% |
 ETNEaton Corp. PLC | 2.40% | 2.36% | 2.36% |
 HONHoneywell International Inc. | 1.95% | 4.40% | 1.95% |
 PHParker-Hannifin Corp. | 1.64% | 3.75% | 1.64% |
 LMTLockheed Martin Corp. | 1.54% | 6.41% | 1.54% |
 HWMHowmet Aerospace Inc. | 1.33% | 4.19% | 1.33% |
 GDGeneral Dynamics Corp. | 1.13% | 4.54% | 1.13% |
 NOCNorthrop Grumman Corp. | 1.12% | 4.47% | 1.12% |
 TDGTransDigm Group Inc. | 0.93% | 2.63% | 0.93% |
 LHXL3Harris Technologies, Inc. | 0.86% | 3.77% | 0.86% |
 RKLBRocket Lab Corp. | 0.57% | 2.78% | 0.57% |
 AXONAxon Enterprise, Inc. | 0.43% | 1.68% | 0.43% |
 CWCurtiss-Wright Corp. | 0.38% | 1.73% | 0.38% |
 WWDWoodward, Inc. | 0.31% | 1.29% | 0.31% |
 CRSCarpenter Technology Corp. | 0.31% | 1.36% | 0.31% |
 ATIATI Inc. | 0.30% | 1.36% | 0.30% |
 BWXTBWX Technologies, Inc. | 0.28% | 1.22% | 0.28% |
 LDOSLeidos Holdings, Inc. | 0.26% | 1.01% | 0.26% |
 TXTTextron Inc. | 0.24% | 1.23% | 0.24% |
 HIIHuntington Ingalls Industries, Inc. | 0.20% | 1.26% | 0.20% |
 HEIHEICO Corp. | 0.17% | 1.24% | 0.17% |
 CACICACI International Inc., Class A | 0.16% | 0.89% | 0.16% |
 KTOSKratos Defense & Security Solutions, Inc. | 0.15% | 1.00% | 0.15% |
Frequently Asked Questions
How much do FIDU and PPA overlap?
FIDU and PPA overlap by 28.3% of portfolio weight. They share 48 holdings (FIDU holds 359 positions and PPA holds 60), based on each fund's latest SEC-reported holdings.
Is it redundant to own both FIDU and PPA?
The two portfolios are 28.3% identical by weight. Owning both is not redundant. Most of each portfolio is distinct, so the funds can serve different roles.
What are the biggest shared holdings of FIDU and PPA?
The largest positions held by both funds are GE, RTX, BA, ETN and HON. Together the top 10 shared positions account for 75% of the total overlap.
What does FIDU own that PPA doesn't?
311 positions (71.5% of FIDU) are unique to FIDU, led by CAT, GEV and UNP. In the other direction, 12 positions (11.9% of PPA) are unique to PPA.