FIDU vs PPA: holdings overlap, shared companies and scores

As of September 11, 2026, FIDU and PPA overlap 28.1% by weight. Fidelity MSCI Industrials Index ETF (FIDU): U.S. industrial companies Invesco Aerospace & Defense ETF (PPA): U.S. aerospace and defense contractors.

Updated September 11, 2026

How much do FIDU and PPA overlap?

As of September 11, 2026, FIDU and PPA overlap 28.1% by weight.

28% of FIDU is already inside PPA.

87% of PPA is already inside FIDU.

FIDU holds 359 companies and PPA holds 61; 47 are in both.

Computed by ETF Copilot from both funds' holdings rather than quoted from a data provider, and rebuilt nightly.

How does ETF Copilot score FIDU and PPA?

As of September 11, 2026, ETF Copilot scores FIDU 4.3 out of 10 and PPA 3.9 out of 10.

They differ most on Risk: FIDU 4.9 and PPA 2.8.

The five factor scores behind them are set out below, 0–10 and higher is better, ranked against every US equity ETF we track.

FIDU vs PPA — ETF Copilot factor scores, 0–10
Factor	FIDU	PPA
Growth	3.7	2.9
Valuation	1.7	1.9
Risk	4.9	2.8
Quality	3.7	1.8
Return	6.9	8.4

FIDU is the cheaper of the two at 0.08% a year

As of September 11, 2026, FIDU charges 0.08% a year, yields 1.22% and holds $2.3B in assets across 359 positions.

As of September 11, 2026, PPA charges 0.58% a year, yields 1.20% and holds $7.8B in assets across 61 positions.

FIDU vs PPA — cost, income and size
Measure	FIDU	PPA
Expense ratio	0.08%	0.58%
Dividend yield	1.22%	1.20%
Assets under management	$2.3B	$7.8B
Holdings	359	61

Expense ratio, dividend yield and assets under management are reported by the fund and refreshed daily. Every other figure on this page is computed by ETF Copilot.

Where FIDU and PPA trade against their own history

FIDU trades at 28.9 times earnings, against its own median of 21.3, and is more expensive than 92% of its own 114 monthly readings since 2017.

PPA trades at 30.8 times earnings, against its own median of 24.1, and is more expensive than 84% of its own 114 monthly readings since 2017.

What moved FIDU and PPA this week

FIDU fell 1.1% in the week to September 11, 2026. The holdings that moved it most were Howmet Aerospace (−11.9%), General Electric (−2.9%) and Uber Technologies (−5.6%); Bloom Energy (+17.1%) pushed the other way.

PPA fell 2.3% in the week to September 11, 2026. The holdings that moved it most were Howmet Aerospace (−11.9%), Axon Enterprise (−10.9%) and L3harris Technologies (−6.3%); Eaton (+7.1%) pushed the other way.

What do FIDU and PPA each hold?

What's inside FIDU: Tech 5%, AI 1%.

32% of FIDU is its ten largest holdings.

What's inside PPA: Tech 11%, AI 2%.

54% of PPA is its ten largest holdings.

Compare with similar funds

Cite this

ETF Copilot, “FIDU vs PPA holdings overlap and scores”, as of September 11, 2026.
https://etf-copilot.com/compare/fidu-vs-ppa