FDRV vs. FUTY

Last updated Jun 5, 2026

FDRV (Fidelity Electric Vehicles and Future Transportation ETF) and FUTY (Fidelity MSCI Utilities Index ETF) are both exchange-traded funds - FDRV is a Transportation Equities fund actively managed by Fidelity, while FUTY is a Utilities Equities fund tracking the MSCI USA IMI Utilities Index. FDRV is actively managed, while FUTY is passively managed. Over the past 3 years, FDRV returned 6.83%/yr vs 13.73%/yr for FUTY. At a 0.26 correlation, their price movements are largely independent. FDRV charges 0.39%/yr vs 0.08%/yr for FUTY.

Performance

FDRV vs. FUTY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Electric Vehicles and Future Transportation ETF (FDRV) and Fidelity MSCI Utilities Index ETF (FUTY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FDRV achieves a 29.30% return, which is significantly higher than FUTY's 3.78% return.

FDRV

• 1D: -1.24%
• 1M: 8.92%
• YTD: 29.30%
• 6M: 26.08%
• 1Y: 49.50%
• 3Y*: 6.83%
• 5Y*: —
• 10Y*: —

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%

*Multi-year figures are annualized to reflect compound growth (CAGR)

FDRV vs. FUTY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
FDRV Fidelity Electric Vehicles and Future Transportation ETF	29.30%	24.32%	-21.73%	12.27%	-44.23%	7.00%
FUTY Fidelity MSCI Utilities Index ETF	3.78%	16.40%	23.20%	-7.46%	1.12%	10.55%

Correlation

The correlation between FDRV and FUTY is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.18
Correlation (3Y) Calculated over the trailing 3-year period	0.23
Correlation (All Time) Calculated using the full available price history since Oct 8, 2021	0.26

FDRV vs. FUTY - Sectors Allocation Comparison

Sectors	FDRV	FUTY
Consumer Cyclical	42.8%	-
Technology	40.7%	-
Industrials	12.3%	0.2%
Basic Materials	4.3%	-
Communication Services	-	-
Consumer Defensive	-	-
Energy	-	0.5%
Financial Services	-	-
Healthcare	-	-
Real Estate	-	-
Utilities	-	99.2%

Return for Risk

FDRV vs. FUTY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FDRV

FDRV Risk / Return Rank: 58
FDRV Sharpe Ratio Rank: 60
FDRV Sortino Ratio Rank: 56
FDRV Omega Ratio Rank: 55
FDRV Calmar Ratio Rank: 65
FDRV Martin Ratio Rank: 57

FUTY

FUTY Risk / Return Rank: 25
FUTY Sharpe Ratio Rank: 25
FUTY Sortino Ratio Rank: 24
FUTY Omega Ratio Rank: 24
FUTY Calmar Ratio Rank: 29
FUTY Martin Ratio Rank: 24

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FDRV vs. FUTY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Electric Vehicles and Future Transportation ETF (FDRV) 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.

	FDRV	FUTY	Difference
Sharpe ratio: Return per unit of total volatility	1.99	0.85	+1.13
Sortino ratio: Return per unit of downside risk	2.66	1.23	+1.43
Omega ratio: Gain probability vs. loss probability	1.33	1.15	+0.18
Calmar ratio: Return relative to maximum drawdown	3.18	1.36	+1.82
Martin ratio: Return relative to average drawdown	9.86	3.05	+6.81
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FDRV vs. FUTY - Sharpe Ratio Comparison

The current FDRV Sharpe Ratio is 1.99, which is higher than the FUTY Sharpe Ratio of 0.85. The chart below compares the historical Sharpe Ratios of FDRV and FUTY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FDRV	FUTY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.99	0.85	+1.13
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.54	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.48	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.11	0.55	-0.67

Drawdowns

FDRV vs. FUTY - Drawdown Comparison

The maximum FDRV drawdown since its inception was -63.89%, which is greater than FUTY's maximum drawdown of -36.44%. Use the drawdown chart below to compare losses from any high point for FDRV and FUTY.

Drawdown Indicators

	FDRV	FUTY	Difference
Max Drawdown Largest peak-to-trough decline	-63.89%	-36.44%	-27.45%
Max Drawdown (1Y) Largest decline over 1 year	-15.62%	-8.93%	-6.69%
Max Drawdown (3Y) Largest decline over 3 years	-48.45%	-17.35%	-31.10%
Max Drawdown (5Y) Largest decline over 5 years	—	-25.11%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-36.44%	—
Current Drawdown Current decline from peak	-28.46%	-6.72%	-21.74%
Average Drawdown Average peak-to-trough decline	-42.34%	-6.03%	-36.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.04%	3.98%	+1.06%

Volatility

FDRV vs. FUTY - Volatility Comparison

Fidelity Electric Vehicles and Future Transportation ETF (FDRV) has a higher volatility of 9.14% compared to Fidelity MSCI Utilities Index ETF (FUTY) at 5.52%. This indicates that FDRV's price experiences larger fluctuations and is considered to be riskier than FUTY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FDRV	FUTY	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.14%	5.52%	+3.62%
Volatility (6M) Calculated over the trailing 6-month period	18.54%	11.38%	+7.16%
Volatility (1Y) Calculated over the trailing 1-year period	25.07%	14.34%	+10.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.02%	17.08%	+14.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.02%	19.05%	+12.97%

FDRV vs. FUTY - Expense Ratio Comparison

FDRV has a 0.39% expense ratio, which is higher than FUTY's 0.08% expense ratio.

Dividends

FDRV vs. FUTY - Dividend Comparison

FDRV's dividend yield for the trailing twelve months is around 1.04%, less than FUTY's 2.60% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FDRV Fidelity Electric Vehicles and Future Transportation ETF	1.04%	1.14%	0.43%	0.24%	0.33%	0.04%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
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

Can I hold both FDRV and FUTY in my portfolio?

FDRV and FUTY have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FDRV or FUTY?

FDRV has higher volatility (9.14%) compared to FUTY (5.52%). In terms of maximum drawdown, FDRV dropped -63.89% vs FUTY's -36.44%.

Which ETF is better, FDRV or FUTY?

On 3-year performance, FUTY leads with 13.73% vs 6.83% for FDRV. On fees, FUTY is cheaper at 0.08% per year. On volatility, FUTY has been the lower-risk option at 5.52%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FDRV or FUTY?

Over the 3-year period, FUTY has performed better with a 13.73% return vs 6.83%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FDRV or FUTY?

FUTY is cheaper with a 0.08% expense ratio, compared with 0.39% for FDRV.

Which ETF pays a higher dividend yield, FDRV or FUTY?

FUTY has the higher dividend yield at 2.60%, compared with 1.04% for FDRV.

What is the main difference between FDRV and FUTY?

FDRV is categorized as Transportation Equities, while FUTY is Utilities Equities. Their fees differ too: 0.39% for FDRV and 0.08% for FUTY.

Which has better risk-adjusted returns?

FDRV currently has the higher Sharpe Ratio (1.99 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.