FELC vs. FUTY

Last updated Aug 4, 2026

FELC (Fidelity Enhanced Large Cap Core ETF) and FUTY (Fidelity MSCI Utilities Index ETF) are both exchange-traded funds - FELC is a Large Cap Blend Equities fund actively managed by Fidelity, while FUTY is a Utilities Equities fund tracking the MSCI USA IMI Utilities Index. FELC is actively managed, while FUTY is passively managed. Over the past year, FELC returned 26.44% vs 6.25% for FUTY. Their 0.21 correlation means their historical movements had little consistent relationship. FELC charges 0.18%/yr vs 0.08%/yr for FUTY.

Performance

FELC vs. FUTY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Enhanced Large Cap Core ETF (FELC) 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, FELC achieves a 13.57% return, which is significantly higher than FUTY's 4.95% return.

FELC

• 1D: 1.34%
• 1M: 3.11%
• 6M: 11.53%
• YTD: 13.57%
• 1Y: 26.44%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 23.44%

FUTY

• 1D: 0.16%
• 1M: -3.05%
• 6M: 4.93%
• YTD: 4.95%
• 1Y: 6.25%
• 3Y*: 14.77%
• 5Y*: 8.93%
• 10Y*: 9.00%
• ALL TIME*: 10.03%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FELC Fidelity Enhanced Large Cap Core ETF	$30.45M	$28.57M	$35.52M
FUTY Fidelity MSCI Utilities Index ETF	$19.54M	$18.60M	$19.06M

FELC vs. FUTY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
FELC Fidelity Enhanced Large Cap Core ETF	13.57%	17.09%	25.25%	6.06%
FUTY Fidelity MSCI Utilities Index ETF	4.95%	16.40%	23.20%	3.00%

Correlation

The correlation between FELC and FUTY is 0.11, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.11
Correlation (All Time) Calculated using the full available price history since Nov 20, 2023	0.21

The correlation between FELC and FUTY shifts across timeframes, from 0.11 (1 year) to 0.21 (all time), reflecting how their relationship changes across market environments.

FELC vs. FUTY - Sectors Allocation Comparison

Sectors	FELC	FUTY
Technology	40.7%	-
Financial Services	12.6%	-
Communication Services	10.8%	-
Industrials	10.1%	0.2%
Consumer Cyclical	9.1%	-
Healthcare	8.5%	-
Energy	2.7%	0.5%
Consumer Defensive	2.4%	-
Utilities	1.5%	99.3%
Real Estate	1.0%	-
Basic Materials	0.6%	-

Return for Risk

FELC vs. FUTY — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FELC

FELC Risk / Return Rank: 84
FELC Sharpe Ratio Rank: 86
FELC Sortino Ratio Rank: 84
FELC Omega Ratio Rank: 84
FELC Calmar Ratio Rank: 80
FELC Martin Ratio Rank: 87

FUTY

FUTY Risk / Return Rank: 21
FUTY Sharpe Ratio Rank: 21
FUTY Sortino Ratio Rank: 20
FUTY Omega Ratio Rank: 20
FUTY Calmar Ratio Rank: 24
FUTY Martin Ratio Rank: 21

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FELC vs. FUTY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Enhanced Large Cap Core ETF (FELC) 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	FELC	FUTY	Difference
Sharpe ratio: Return per unit of total volatility	2.06	0.43	+1.63
Sortino ratio: Return per unit of downside risk	2.81	0.68	+2.13
Omega ratio: Gain probability vs. loss probability	1.37	1.08	+0.29
Calmar ratio: Return relative to maximum drawdown	2.92	0.70	+2.22
Martin ratio: Return relative to average drawdown	12.69	1.44	+11.25

FELC vs. FUTY - Sharpe Ratio Comparison

The current FELC Sharpe Ratio is 2.06, which is higher than the FUTY Sharpe Ratio of 0.43. The chart below compares the historical Sharpe Ratios of FELC 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.

Drawdowns

FELC vs. FUTY - Drawdown Comparison

The maximum FELC drawdown since its inception was -18.59%, smaller than the maximum FUTY drawdown of -36.44%. Use the drawdown chart below to compare losses from any high point for FELC and FUTY.

Drawdown Indicators

	FELC	FUTY	Difference
Max Drawdown Largest peak-to-trough decline	-18.59%	-36.44%	+17.85%
Max Drawdown (1Y) Largest decline over 1 year	-9.09%	-8.93%	-0.16%
Max Drawdown (3Y) Largest decline over 3 years	—	-12.96%	—
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	0.00%	-5.67%	+5.67%
Average Drawdown Average peak-to-trough decline	-1.89%	-6.00%	+4.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.09%	4.35%	-2.26%

Volatility

FELC vs. FUTY - Volatility Comparison

Fidelity Enhanced Large Cap Core ETF (FELC) and Fidelity MSCI Utilities Index ETF (FUTY) have volatilities of 3.81% and 3.86%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FELC	FUTY	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.81%	3.86%	-0.05%
Volatility (6M) Calculated over the trailing 6-month period	10.22%	11.84%	-1.62%
Volatility (1Y) Calculated over the trailing 1-year period	12.92%	14.76%	-1.84%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.17%	17.09%	-1.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.17%	19.09%	-3.92%

FELC vs. FUTY - Expense Ratio Comparison

FELC has a 0.18% expense ratio, which is higher than FUTY's 0.08% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

FELC vs. FUTY - Dividend Comparison

FELC's dividend yield for the trailing twelve months is around 0.83%, less than FUTY's 2.64% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FELC Fidelity Enhanced Large Cap Core ETF	0.83%	0.92%	1.03%	0.04%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
FUTY Fidelity MSCI Utilities Index ETF	2.64%	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 FELC and FUTY in my portfolio?

FELC and FUTY have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FELC or FUTY?

FUTY has higher volatility (3.86%) compared to FELC (3.81%). In terms of maximum drawdown, FELC dropped -18.59% vs FUTY's -36.44%.

Which ETF is better, FELC or FUTY?

On 1-year performance, FELC leads with 26.44% vs 6.25% for FUTY. On fees, FUTY is cheaper at 0.08% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FELC or FUTY?

Over the 1-year period, FELC has performed better with a 26.44% return vs 6.25%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FELC or FUTY?

FUTY is cheaper with a 0.08% expense ratio, compared with 0.18% for FELC.

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

FUTY has the higher dividend yield at 2.64%, compared with 0.83% for FELC.

What is the main difference between FELC and FUTY?

FELC is categorized as Large Cap Blend Equities, while FUTY is Utilities Equities. Their fees differ too: 0.18% for FELC and 0.08% for FUTY.

Which has better risk-adjusted returns?

FELC currently has the higher Sharpe Ratio (2.06 vs 0.43), 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.