FCOR vs. FUTY
FCOR (Fidelity Corporate Bond ETF) and FUTY (Fidelity MSCI Utilities Index ETF) are both exchange-traded funds - FCOR is a Corporate Bonds fund actively managed by Fidelity, while FUTY is a Utilities Equities fund tracking the MSCI USA IMI Utilities Index. FCOR is actively managed, while FUTY is passively managed. Over the past 10 years, FCOR returned 2.93%/yr vs 9.10%/yr for FUTY. At a 0.25 correlation, their price movements are largely independent. FCOR charges 0.36%/yr vs 0.08%/yr for FUTY.
Performance
FCOR vs. FUTY - Performance Comparison
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Returns By Period
In the year-to-date period, FCOR achieves a 0.54% return, which is significantly lower than FUTY's 3.78% return. Over the past 10 years, FCOR has underperformed FUTY with an annualized return of 2.93%, while FUTY has yielded a comparatively higher 9.10% annualized return.
FCOR
- 1D
- 0.06%
- 1M
- 0.51%
- YTD
- 0.54%
- 6M
- 0.46%
- 1Y
- 5.65%
- 3Y*
- 5.75%
- 5Y*
- 0.71%
- 10Y*
- 2.93%
FUTY
- 1D
- 0.60%
- 1M
- -4.86%
- YTD
- 3.78%
- 6M
- 1.95%
- 1Y
- 12.10%
- 3Y*
- 13.73%
- 5Y*
- 9.26%
- 10Y*
- 9.10%
FCOR vs. FUTY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FCOR Fidelity Corporate Bond ETF | 0.54% | 7.88% | 3.01% | 8.95% | -15.88% | -1.64% | 11.39% | 14.87% | -3.04% | 6.13% |
FUTY Fidelity MSCI Utilities Index ETF | 3.78% | 16.40% | 23.20% | -7.46% | 1.12% | 17.53% | -0.80% | 24.89% | 4.36% | 12.52% |
Correlation
The correlation between FCOR and FUTY is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.31 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.29 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Oct 10, 2014 | 0.25 |
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Return for Risk
FCOR vs. FUTY — Risk / Return Rank
FCOR
FUTY
FCOR vs. FUTY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Corporate Bond ETF (FCOR) 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.
| FCOR | FUTY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.45 | ||
| Sortino ratioReturn per unit of downside risk | +0.66 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.15 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 1.85 | 1.36 | +0.49 |
| Martin ratioReturn relative to average drawdown | 5.78 | 3.05 | +2.74 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FCOR | FUTY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.30 | 0.85 | +0.45 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.10 | 0.54 | -0.44 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.41 | 0.48 | -0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.43 | 0.55 | -0.13 |
Drawdowns
FCOR vs. FUTY - Drawdown Comparison
The maximum FCOR drawdown since its inception was -22.60%, smaller than the maximum FUTY drawdown of -36.44%. Use the drawdown chart below to compare losses from any high point for FCOR and FUTY.
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Drawdown Indicators
| FCOR | FUTY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.60% | -36.44% | +13.84% |
Max Drawdown (1Y)Largest decline over 1 year | -3.06% | -8.93% | +5.87% |
Max Drawdown (3Y)Largest decline over 3 years | -6.60% | -17.35% | +10.75% |
Max Drawdown (5Y)Largest decline over 5 years | -22.60% | -25.11% | +2.51% |
Max Drawdown (10Y)Largest decline over 10 years | -22.60% | -36.44% | +13.84% |
Current DrawdownCurrent decline from peak | -1.11% | -6.72% | +5.61% |
Average DrawdownAverage peak-to-trough decline | -4.73% | -6.03% | +1.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.98% | 3.98% | -3.00% |
Volatility
FCOR vs. FUTY - Volatility Comparison
The current volatility for Fidelity Corporate Bond ETF (FCOR) is 1.59%, while Fidelity MSCI Utilities Index ETF (FUTY) has a volatility of 5.52%. This indicates that FCOR 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.
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Volatility by Period
| FCOR | FUTY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.59% | 5.52% | -3.93% |
Volatility (6M)Calculated over the trailing 6-month period | 3.32% | 11.38% | -8.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.38% | 14.34% | -9.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.05% | 17.08% | -10.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.10% | 19.05% | -11.95% |
FCOR vs. FUTY - Expense Ratio Comparison
FCOR has a 0.36% expense ratio, which is higher than FUTY's 0.08% expense ratio.
Dividends
FCOR vs. FUTY - Dividend Comparison
FCOR's dividend yield for the trailing twelve months is around 4.54%, more than FUTY's 2.60% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FCOR Fidelity Corporate Bond ETF | 4.54% | 4.47% | 4.35% | 3.70% | 3.30% | 2.34% | 2.99% | 3.10% | 3.65% | 2.81% | 3.04% | 3.82% |
FUTY Fidelity MSCI Utilities Index ETF | 2.60% | 2.67% | 2.96% | 3.31% | 2.72% | 2.70% | 3.07% | 2.82% | 3.11% | 3.03% | 3.35% | 4.33% |
Frequently Asked Questions
FCOR and FUTY have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FUTY has higher volatility (5.52%) compared to FCOR (1.59%). In terms of maximum drawdown, FCOR dropped -22.60% vs FUTY's -36.44%.
On 10-year performance, FUTY leads with 9.10% vs 2.93% for FCOR. On fees, FUTY is cheaper at 0.08% per year. On volatility, FCOR has been the lower-risk option at 1.59%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, FUTY has performed better with a 9.10% return vs 2.93%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FUTY is cheaper with a 0.08% expense ratio, compared with 0.36% for FCOR.
FCOR has the higher dividend yield at 4.54%, compared with 2.60% for FUTY.
FCOR is categorized as Corporate Bonds, while FUTY is Utilities Equities. Their fees differ too: 0.36% for FCOR and 0.08% for FUTY.
FCOR currently has the higher Sharpe Ratio (1.30 vs 0.85), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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