exploring the fidelity MSCI industrials ETF launched in 2013

The Fidelity MSCI Industrials Index ETF, launched on October 21, 2013, offers investors broad exposure to the industrial sector of the U.S. equity market. With over $1.12 billion in assets, it is considered an average-sized ETF that aims to replicate the performance of the MSCI USA IMI Industrials Index. The ETF is passively managed, making it a cost-effective option with an annual operating expense ratio of just 0.08%. This low cost can lead to better long-term performance compared to more expensive funds, assuming other factors remain constant. As of September 16, 2024, the ETF has shown strong performance, gaining approximately 14.28% year-to-date and 26.57% over the past year. The fund has a beta of 1.10, indicating a slightly higher volatility compared to the market, and a standard deviation of 18.10% over the trailing three-year period, categorizing it as a medium-risk investment. The ETF holds around 371 different stocks, which helps to mitigate company-specific risks. The Fidelity MSCI Industrials Index ETF has a 12-month trailing dividend yield of 1.25%, appealing to income-focused investors. Its top 10 holdings make up about 27.06% of total assets, providing significant exposure to key players in the industrial sector. Investors looking for diversified exposure to this sector may find this ETF an attractive option. Additionally, the ETF holds a Zacks ETF Rank of 2 (Buy), indicating favorable expected returns based on various factors such as expense ratio and momentum. Other alternatives in the industrials ETF space include the Vanguard Industrials ETF and the Industrial Select Sector SPDR ETF, which investors may also consider.