BKGI vs. FUTY
Compare and contrast key facts about Bny Mellon Global Infrastructure Income ETF (BKGI) and Fidelity MSCI Utilities Index ETF (FUTY).
BKGI and FUTY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BKGI is an actively managed fund by BNY Mellon. It was launched on Nov 2, 2022. FUTY is a passively managed fund by Fidelity that tracks the performance of the MSCI USA IMI Utilities Index. It was launched on Oct 21, 2013.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BKGI or FUTY.
Key characteristics
| BKGI | FUTY | |
|---|---|---|
| YTD Return | 14.24% | 25.99% |
| 1Y Return | 19.65% | 30.75% |
| Sharpe Ratio | 1.64 | 1.98 |
| Sortino Ratio | 2.29 | 2.74 |
| Omega Ratio | 1.29 | 1.35 |
| Calmar Ratio | 2.89 | 1.56 |
| Martin Ratio | 8.00 | 9.66 |
| Ulcer Index | 2.52% | 3.15% |
| Daily Std Dev | 12.26% | 15.34% |
| Max Drawdown | -14.79% | -36.44% |
| Current Drawdown | -4.23% | -4.81% |
Correlation
The correlation between BKGI and FUTY is 0.67, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
BKGI vs. FUTY - Performance Comparison
In the year-to-date period, BKGI achieves a 14.24% return, which is significantly lower than FUTY's 25.99% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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BKGI vs. FUTY - Expense Ratio Comparison
BKGI has a 0.65% expense ratio, which is higher than FUTY's 0.08% expense ratio.
Risk-Adjusted Performance
BKGI vs. FUTY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Bny Mellon Global Infrastructure Income ETF (BKGI) and Fidelity MSCI Utilities Index ETF (FUTY). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
BKGI vs. FUTY - Dividend Comparison
BKGI's dividend yield for the trailing twelve months is around 3.88%, more than FUTY's 2.77% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BKGI Bny Mellon Global Infrastructure Income ETF | 3.88% | 4.55% | 0.53% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FUTY Fidelity MSCI Utilities Index ETF | 2.77% | 3.31% | 2.72% | 2.70% | 3.07% | 2.82% | 3.11% | 3.03% | 3.35% | 4.33% | 3.04% | 0.86% |
Drawdowns
BKGI vs. FUTY - Drawdown Comparison
The maximum BKGI drawdown since its inception was -14.79%, smaller than the maximum FUTY drawdown of -36.44%. Use the drawdown chart below to compare losses from any high point for BKGI and FUTY. For additional features, visit the drawdowns tool.
Volatility
BKGI vs. FUTY - Volatility Comparison
The current volatility for Bny Mellon Global Infrastructure Income ETF (BKGI) is 3.78%, while Fidelity MSCI Utilities Index ETF (FUTY) has a volatility of 4.90%. This indicates that BKGI experiences smaller price fluctuations and is considered to be less risky than FUTY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.