Fidelity MSCI Utilities Index ETF (FUTY)

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Fidelity MSCI Utilities Index ETF (FUTY) is up 7.4% since the beginning of the year. FUTY is currently trading at $59 per share. Investors who bought $1,000 worth of FUTY shares 5 years ago would now be looking at an investment worth $1,616.

Fidelity MSCI Utilities Index ETF (FUTY) has returned 7.43% so far this year and 12.99% over the past 12 months. Over the last ten years, FUTY has returned 9.03% per year, falling short of the S&P 500 Index benchmark, which averaged 13.41% annually.

Based on dividend-adjusted daily data since Oct 24, 2013, FUTY's average daily return is +0.05%, while the average monthly return is +0.90%. At this rate, an investment would double in approximately 6.4 years.

Historically, 64% of months were positive and 36% were negative. The best month was Mar 2021 with a return of +10.2%, while the worst month was Sep 2022 at -11.2%. The longest winning streak lasted 6 consecutive months, and the longest losing streak was 3 months.

On a daily basis, FUTY closed higher 54% of trading days. The best single day was Mar 17, 2020 with a return of +12.5%, while the worst single day was Mar 16, 2020 at -11.2%.

Fidelity MSCI Utilities Index ETF has an annualized alpha of 3.81%, beta of 0.59, and R2 of 0.31 versus S&P 500 Index. Calculated based on daily prices since October 24, 2013.

• This ETF participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (54.67%) than losses (44.04%) - typical of diversified or defensive assets.
• Beta of 0.59 may look defensive, but with R2 of 0.31 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
• R2 of 0.31 means the benchmark explains less than half of this ETF's behavior - treat beta with caution or consider switching to a more representative benchmark.

FUTY has an expense ratio of 0.08%, which is considered low.

FUTY ranks 30 for risk / return — below 30% of ETFs on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.

Fidelity MSCI Utilities Index ETF provided a 2.58% dividend yield over the last twelve months, with an annual payout of $1.51 per share. The fund has been increasing its distributions for 3 consecutive years.

The table displays the monthly dividend distributions for Fidelity MSCI Utilities Index ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the Fidelity MSCI Utilities Index ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Fidelity MSCI Utilities Index ETF was 36.44%, occurring on Mar 23, 2020. Recovery took 351 trading sessions.

The current Fidelity MSCI Utilities Index ETF drawdown is 3.45%.

The chart below shows the rolling one-month volatility.