FELG vs. FUTY

Last updated Apr 2, 2026

Compare and contrast key facts about Fidelity Enhanced Large Cap Growth ETF (FELG) and Fidelity MSCI Utilities Index ETF (FUTY).

FELG and FUTY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FELG is an actively managed fund by Fidelity. It was launched on Nov 20, 2023. 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.

Performance

FELG vs. FUTY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Enhanced Large Cap Growth ETF (FELG) and Fidelity MSCI Utilities Index ETF (FUTY). The values are adjusted to include any dividend payments, if applicable.

FELG vs. FUTY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
FELG Fidelity Enhanced Large Cap Growth ETF	-9.08%	18.44%	35.45%	4.20%
FUTY Fidelity MSCI Utilities Index ETF	8.19%	16.40%	23.20%	3.44%

Returns By Period

In the year-to-date period, FELG achieves a -9.08% return, which is significantly lower than FUTY's 8.19% return.

FELG

• 1D: 1.04%
• 1M: -4.28%
• YTD: -9.08%
• 6M: -8.16%
• 1Y: 19.66%
• 3Y*: —
• 5Y*: —
• 10Y*: —

FUTY

• 1D: 0.49%
• 1M: -2.11%
• YTD: 8.19%
• 6M: 5.65%
• 1Y: 19.31%
• 3Y*: 13.99%
• 5Y*: 10.62%
• 10Y*: 9.67%

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

FELG vs. FUTY - Expense Ratio Comparison

FELG 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%.

FELG

Fidelity Enhanced Large Cap Growth ETF

FUTY

Fidelity MSCI Utilities Index ETF

Return for Risk

FELG vs. FUTY — Risk / Return Rank

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

FELG

FELG Risk / Return Rank: 48
FELG Sharpe Ratio Rank: 46
FELG Sortino Ratio Rank: 51
FELG Omega Ratio Rank: 50
FELG Calmar Ratio Rank: 47
FELG Martin Ratio Rank: 45

FUTY

FUTY Risk / Return Rank: 65
FUTY Sharpe Ratio Rank: 69
FUTY Sortino Ratio Rank: 65
FUTY Omega Ratio Rank: 60
FUTY Calmar Ratio Rank: 79
FUTY Martin Ratio Rank: 52

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.

FELG vs. FUTY - Risk-Adjusted Trends Comparison

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

	FELG	FUTY	Difference
Sharpe ratio Return per unit of total volatility	0.87	1.25	-0.38
Sortino ratio Return per unit of downside risk	1.41	1.70	-0.29
Omega ratio Gain probability vs. loss probability	1.20	1.23	-0.03
Calmar ratio Return relative to maximum drawdown	1.28	2.20	-0.92
Martin ratio Return relative to average drawdown	4.39	5.24	-0.86
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FELG vs. FUTY - Sharpe Ratio Comparison

The current FELG Sharpe Ratio is 0.87, which is lower than the FUTY Sharpe Ratio of 1.25. The chart below compares the historical Sharpe Ratios of FELG and FUTY, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	FELG	FUTY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.87	1.25	-0.38
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.63	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.51	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.97	0.58	+0.38

Correlation

The correlation between FELG and FUTY is 0.12, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

FELG vs. FUTY - Dividend Comparison

FELG's dividend yield for the trailing twelve months is around 0.40%, less than FUTY's 2.49% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FELG Fidelity Enhanced Large Cap Growth ETF	0.40%	0.38%	0.44%	0.11%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
FUTY Fidelity MSCI Utilities Index ETF	2.49%	2.67%	2.96%	3.31%	2.72%	2.70%	3.07%	2.82%	3.11%	3.03%	3.35%	4.33%

Drawdowns

FELG vs. FUTY - Drawdown Comparison

The maximum FELG drawdown since its inception was -23.89%, smaller than the maximum FUTY drawdown of -36.44%. Use the drawdown chart below to compare losses from any high point for FELG and FUTY.

Drawdown Indicators

	FELG	FUTY	Difference
Max Drawdown Largest peak-to-trough decline	-23.89%	-36.44%	+12.55%
Max Drawdown (1Y) Largest decline over 1 year	-16.17%	-8.93%	-7.24%
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	-11.99%	-2.76%	-9.23%
Average Drawdown Average peak-to-trough decline	-3.57%	-6.06%	+2.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.73%	3.75%	+0.98%

Volatility

FELG vs. FUTY - Volatility Comparison

Fidelity Enhanced Large Cap Growth ETF (FELG) has a higher volatility of 6.95% compared to Fidelity MSCI Utilities Index ETF (FUTY) at 5.03%. This indicates that FELG'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

	FELG	FUTY	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.95%	5.03%	+1.92%
Volatility (6M) Calculated over the trailing 6-month period	12.45%	10.15%	+2.30%
Volatility (1Y) Calculated over the trailing 1-year period	22.60%	15.52%	+7.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.23%	16.93%	+3.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.23%	18.99%	+1.24%