The Fidelity MSCI Industrials Index ETF (FIDU) was launched on 10/21/2013, and is a passively managed exchange traded fund designed to offer broad exposure to the Industrials - Broad segment of the equity market.An increasingly popular option among retail and institutional investors, passively managed ETFs offer low costs, transparency, flexibility, and tax efficiency; they are also excellent vehicles for long term investors.Investor-friendly, sector ETFs provide many options to gain low risk and diversified exposure to a broad group of companies in particular sectors. Industrials - Broad is one of the 16 broad Zacks sectors within the Zacks Industry classification. It is currently ranked 3, placing it in top 19%.Index DetailsThe fund is sponsored by Fidelity. It has amassed assets over $862.16 million, making it one of the average sized ETFs attempting to match the performance of the Industrials - Broad segment of the equity market. FIDU seeks to match the performance of the MSCI USA IMI Industrials Index before fees and expenses.MSCI USA IMI Industrials Index represents the performance of the industrial sector in the U.S. equity market.CostsInvestors should also pay attention to an ETF's expense ratio. Lower cost products will produce better results than those with a higher cost, assuming all other metrics remain the same.Annual operating expenses for this ETF are 0.08%, making it the least expensive product in the space.It has a 12-month trailing dividend yield of 1.10%.Sector Exposure and Top HoldingsEven though ETFs offer diversified exposure that minimizes single stock risk, investors should also look at the actual holdings inside the fund. Luckily, most ETFs are very transparent products that disclose their holdings on a daily basis.This ETF has heaviest allocation in the Industrials sector--about 100% of the portfolio.Looking at individual holdings, Honeywell International Inc Common Stock Usd1.0 (HON) accounts for about 3.83% of total assets, followed by United Parcel Service Cl B Common Stock Usd.01 (UPS) and Union Pacific Corp Common Stock Usd2.5 (UNP).The top 10 holdings account for about 31.42% of total assets under management.Performance and RiskThe ETF has gained about 17.41% so far this year and was up about 45.22% in the last one year (as of 07/19/2021). In that past 52-week period, it has traded between $37.13 and $55.65.The ETF has a beta of 1.21 and standard deviation of 26.57% for the trailing three-year period, making it a medium risk choice in the space. With about 349 holdings, it effectively diversifies company-specific risk.AlternativesFidelity MSCI Industrials Index ETF carries a Zacks ETF Rank of 3 (Hold), which is based on expected asset class return, expense ratio, and momentum, among other factors. Thus, FIDU is a sufficient option for those seeking exposure to the Industrials ETFs area of the market. Investors might also want to consider some other ETF options in the space.Vanguard Industrials ETF (VIS) tracks MSCI US Investable Market Industrials 25/50 Index and the Industrial Select Sector SPDR ETF (XLI) tracks Industrial Select Sector Index. Vanguard Industrials ETF has $5.34 billion in assets, Industrial Select Sector SPDR ETF has $19.36 billion. VIS has an expense ratio of 0.10% and XLI charges 0.12%.Bottom LineTo learn more about this product and other ETFs, screen for products that match your investment objectives and read articles on latest developments in the ETF investing universe, please visit Zacks ETF Center. 5 Stocks Set to Double Each was hand-picked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2021. Each comes from a different sector and has unique qualities and catalysts that could fuel exceptional growth. Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor. Today, See These 5 Potential Home Runs >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Fidelity MSCI Industrials Index ETF (FIDU): ETF Research Reports Honeywell International Inc. (HON): Free Stock Analysis Report Union Pacific Corporation (UNP): Free Stock Analysis Report United Parcel Service, Inc. (UPS): Free Stock Analysis Report Vanguard Industrials ETF (VIS): ETF Research Reports Industrial Select Sector SPDR ETF (XLI): ETF Research Reports To read this article on Zacks.com click here. Zacks Investment Research