FELG vs. FUTY

Last updated Jun 5, 2026

FELG (Fidelity Enhanced Large Cap Growth ETF) and FUTY (Fidelity MSCI Utilities Index ETF) are both exchange-traded funds - FELG is a Large Cap Growth Equities fund actively managed by Fidelity, while FUTY is a Utilities Equities fund tracking the MSCI USA IMI Utilities Index. FELG is actively managed, while FUTY is passively managed. Over the past year, FELG returned 27.08% vs 12.10% for FUTY. At a 0.10 correlation, their price movements are largely independent. FELG charges 0.18%/yr vs 0.08%/yr for FUTY.

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.

Returns By Period

In the year-to-date period, FELG achieves a 7.79% return, which is significantly higher than FUTY's 3.78% return.

FELG

• 1D: 0.09%
• 1M: 5.20%
• YTD: 7.79%
• 6M: 7.15%
• 1Y: 27.08%
• 3Y*: —
• 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)

FELG vs. FUTY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
FELG Fidelity Enhanced Large Cap Growth ETF	7.79%	18.44%	35.45%	4.20%
FUTY Fidelity MSCI Utilities Index ETF	3.78%	16.40%	23.20%	3.44%

Correlation

The correlation between FELG and FUTY is 0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.09
Correlation (All Time) Calculated using the full available price history since Nov 21, 2023	0.10

FELG vs. FUTY - Sectors Allocation Comparison

Sectors	FELG	FUTY
Technology	53.9%	-
Communication Services	13.8%	-
Consumer Cyclical	11.5%	-
Industrials	7.2%	0.2%
Healthcare	6.3%	-
Financial Services	4.7%	-
Energy	1.1%	0.5%
Consumer Defensive	1.0%	-
Basic Materials	0.5%	-
Utilities	0.1%	99.2%
Real Estate	0.0%	-

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: 45
FELG Sharpe Ratio Rank: 52
FELG Sortino Ratio Rank: 50
FELG Omega Ratio Rank: 50
FELG Calmar Ratio Rank: 34
FELG Martin Ratio Rank: 38

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.

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	1.76	0.85	+0.91
Sortino ratio: Return per unit of downside risk	2.41	1.23	+1.18
Omega ratio: Gain probability vs. loss probability	1.31	1.15	+0.15
Calmar ratio: Return relative to maximum drawdown	1.68	1.36	+0.32
Martin ratio: Return relative to average drawdown	5.75	3.05	+2.71
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 1.76, which is higher than the FUTY Sharpe Ratio of 0.85. The chart below compares the historical Sharpe Ratios of FELG 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

	FELG	FUTY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.76	0.85	+0.91
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	1.33	0.55	+0.77

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 (3Y) Largest decline over 3 years	—	-17.35%	—
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	-1.25%	-6.72%	+5.47%
Average Drawdown Average peak-to-trough decline	-3.52%	-6.03%	+2.51%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.72%	3.98%	+0.74%

Volatility

FELG vs. FUTY - Volatility Comparison

The current volatility for Fidelity Enhanced Large Cap Growth ETF (FELG) is 3.47%, while Fidelity MSCI Utilities Index ETF (FUTY) has a volatility of 5.52%. This indicates that FELG 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.

Volatility by Period

	FELG	FUTY	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.47%	5.52%	-2.05%
Volatility (6M) Calculated over the trailing 6-month period	11.59%	11.38%	+0.21%
Volatility (1Y) Calculated over the trailing 1-year period	15.45%	14.34%	+1.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.87%	17.08%	+2.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.87%	19.05%	+0.82%

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%.

Dividends

FELG vs. FUTY - Dividend Comparison

FELG's dividend yield for the trailing twelve months is around 0.34%, less than FUTY's 2.60% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FELG Fidelity Enhanced Large Cap Growth ETF	0.34%	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	2.60%	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 FELG and FUTY in my portfolio?

FELG and FUTY have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FELG or FUTY?

FUTY has higher volatility (5.52%) compared to FELG (3.47%). In terms of maximum drawdown, FELG dropped -23.89% vs FUTY's -36.44%.

Which ETF is better, FELG or FUTY?

On 1-year performance, FELG leads with 27.08% vs 12.10% for FUTY. On fees, FUTY is cheaper at 0.08% per year. On volatility, FELG has been the lower-risk option at 3.47%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FELG or FUTY?

Over the 1-year period, FELG has performed better with a 27.08% return vs 12.10%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FELG or FUTY?

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

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

FUTY has the higher dividend yield at 2.60%, compared with 0.34% for FELG.

What is the main difference between FELG and FUTY?

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

Which has better risk-adjusted returns?

FELG currently has the higher Sharpe Ratio (1.76 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.