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FEMG vs. FUTY
Performance
Return for Risk
Drawdowns
Volatility
Dividends

FEMG vs. FUTY

Last updated Jul 17, 2026
Documentation

FEMG (Fidelity Enhanced Mid Cap Growth ETF) and FUTY (Fidelity MSCI Utilities Index ETF) are both exchange-traded funds - FEMG is a Mid Cap Growth Equities fund actively managed by Fidelity, while FUTY is a Utilities Equities fund tracking the MSCI USA IMI Utilities Index. FEMG is actively managed, while FUTY is passively managed. At a correlation of -0.09, they often move in opposite directions. FEMG charges 0.23%/yr vs 0.08%/yr for FUTY.

Performance

FEMG vs. FUTY - Performance Comparison

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

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Returns By Period

FEMG

1D
-1.33%
1M
-1.76%
6M
—
YTD
—
1Y
—
3Y*
—
5Y*
—
10Y*
—

FUTY

1D
0.48%
1M
1.41%
6M
4.99%
YTD
7.67%
1Y
13.88%
3Y*
14.54%
5Y*
9.65%
10Y*
9.00%
*Multi-year figures are annualized to reflect compound growth (CAGR)

FEMG vs. FUTY - Yearly Performance Comparison

2026 (YTD)
FEMG
Fidelity Enhanced Mid Cap Growth ETF		2.65%
FUTY
Fidelity MSCI Utilities Index ETF		0.12%

Correlation

The correlation between FEMG 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 (All Time)
Calculated using the full available price history since Apr 30, 2026

-0.09

FEMG vs. FUTY - Sectors Allocation Comparison

Sectors
FEMG
FUTY

Technology

34.1%

-

Industrials

20.7%
0.2%

Consumer Cyclical

14.0%

-

Healthcare

12.0%

-

Financial Services

5.2%

-

Energy

3.6%
0.5%

Utilities

2.6%
99.3%

Communication Services

2.4%

-

Real Estate

2.0%

-

Consumer Defensive

1.7%

-

Basic Materials

1.3%

-

Technology

FEMG
34.1%
FUTY

-

Industrials

FEMG
20.7%
FUTY
0.2%

Consumer Cyclical

FEMG
14.0%
FUTY

-

Healthcare

FEMG
12.0%
FUTY

-

Financial Services

FEMG
5.2%
FUTY

-

Energy

FEMG
3.6%
FUTY
0.5%

Utilities

FEMG
2.6%
FUTY
99.3%

Communication Services

FEMG
2.4%
FUTY

-

Real Estate

FEMG
2.0%
FUTY

-

Consumer Defensive

FEMG
1.7%
FUTY

-

Basic Materials

FEMG
1.3%
FUTY

-

Compare stocks, funds, or ETFs

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Fidelity Enhanced Mid Cap Growth ETF

Fidelity MSCI Utilities Index ETF

Often compared with FEMG:
FEMG vs. BCSMFEMG vs. NBSMFEMG vs. MDYGFEMG vs. PAMCFEMG vs. FFOXFEMG vs. JHMMFEMG vs. KOMP
Often compared with FUTY:
FUTY vs. VPUFUTY vs. XLUFUTY vs. FSUTXFUTY vs. UTESFUTY vs. FMATFUTY vs. VOOFUTY vs. SPLV

Return for Risk

FEMG vs. FUTY — Risk / Return Rank

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

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

FUTY
FUTY Risk / Return Rank: 3131
Overall Rank
FUTY Sharpe Ratio Rank: 3232
Sharpe Ratio Rank
FUTY Sortino Ratio Rank: 2929
Sortino Ratio Rank
FUTY Omega Ratio Rank: 2929
Omega Ratio Rank
FUTY Calmar Ratio Rank: 3737
Calmar Ratio Rank
FUTY Martin Ratio Rank: 2929
Martin Ratio Rank
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.

FEMG vs. FUTY - Risk-Adjusted Trends Comparison

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

FEMGFUTYDifference
Sharpe ratioReturn per unit of total volatility

—

0.95

—

Sortino ratioReturn per unit of downside risk

—

1.36

—

Omega ratioGain probability vs. loss probability

—

1.17

—

Calmar ratioReturn relative to maximum drawdown

—

1.56

—

Martin ratioReturn relative to average drawdown

—

3.27

—

FEMG vs. FUTY - Sharpe Ratio Comparison

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Drawdowns

FEMG vs. FUTY - Drawdown Comparison

The maximum FEMG drawdown since its inception was -4.66%, smaller than the maximum FUTY drawdown of -36.44%. Use the drawdown chart below to compare losses from any high point for FEMG and FUTY.

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Drawdown Indicators

FEMGFUTYDifference

Max Drawdown

Largest peak-to-trough decline

-4.66%

-36.44%

+31.78%

Max Drawdown (1Y)

Largest decline over 1 year

—

-8.93%

—

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

-4.10%

-3.23%

-0.87%

Average Drawdown

Average peak-to-trough decline

-1.52%

-6.01%

+4.49%

Ulcer Index

Depth and duration of drawdowns from previous peaks

—

4.26%

—

Volatility

FEMG vs. FUTY - Volatility Comparison

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Volatility by Period

FEMGFUTYDifference

Volatility (1M)

Calculated over the trailing 1-month period

—

4.32%

—

Volatility (6M)

Calculated over the trailing 6-month period

—

11.65%

—

Volatility (1Y)

Calculated over the trailing 1-year period

16.91%

14.64%

+2.27%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.91%

17.09%

-0.18%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.91%

19.07%

-2.16%

FEMG vs. FUTY - Expense Ratio Comparison

FEMG has a 0.23% 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

FEMG vs. FUTY - Dividend Comparison

FEMG's dividend yield for the trailing twelve months is around 0.10%, less than FUTY's 2.58% yield.

PositionTTM20252024202320222021202020192018201720162015
FEMG
Fidelity Enhanced Mid Cap Growth ETF		0.10%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
FUTY
Fidelity MSCI Utilities Index ETF		2.58%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

FEMG 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.

On fees, FUTY is cheaper at 0.08% per year. The better choice depends on whether you care most about return, fees, risk, or income.

FUTY is cheaper with a 0.08% expense ratio, compared with 0.23% for FEMG.

FUTY has the higher dividend yield at 2.58%, compared with 0.10% for FEMG.

FEMG is categorized as Mid Cap Growth Equities, while FUTY is Utilities Equities. Their fees differ too: 0.23% for FEMG and 0.08% for FUTY.

Portfolio Optimizer

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