FFUT vs. FUTY

Last updated Apr 2, 2026

Compare and contrast key facts about Fidelity Managed Futures ETF (FFUT) and Fidelity MSCI Utilities Index ETF (FUTY).

FFUT and FUTY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FFUT is an actively managed fund by Fidelity. It was launched on Jun 3, 2025. 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

FFUT vs. FUTY - Performance Comparison

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

FFUT vs. FUTY - Yearly Performance Comparison

	2026 (YTD)	2025
FFUT Fidelity Managed Futures ETF	7.30%	8.26%
FUTY Fidelity MSCI Utilities Index ETF	8.19%	8.20%

Returns By Period

In the year-to-date period, FFUT achieves a 7.30% return, which is significantly lower than FUTY's 8.19% return.

FFUT

• 1D: -0.11%
• 1M: 1.91%
• YTD: 7.30%
• 6M: 11.63%
• 1Y: —
• 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)

FFUT vs. FUTY - Expense Ratio Comparison

FFUT has a 0.80% expense ratio, which is higher than FUTY's 0.08% expense ratio.

FFUT

Fidelity Managed Futures ETF

FUTY

Fidelity MSCI Utilities Index ETF

Return for Risk

FFUT vs. FUTY — Risk / Return Rank

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

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.

FFUT vs. FUTY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Managed Futures ETF (FFUT) 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.

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

Sharpe Ratios by Period

	FFUT	FUTY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.25	—
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	1.84	0.58	+1.25

Correlation

The correlation between FFUT and FUTY is -0.03. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

Dividends

FFUT vs. FUTY - Dividend Comparison

FFUT's dividend yield for the trailing twelve months is around 1.95%, less than FUTY's 2.49% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FFUT Fidelity Managed Futures ETF	1.95%	2.09%	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	2.49%	2.67%	2.96%	3.31%	2.72%	2.70%	3.07%	2.82%	3.11%	3.03%	3.35%	4.33%

Drawdowns

FFUT vs. FUTY - Drawdown Comparison

The maximum FFUT drawdown since its inception was -2.84%, smaller than the maximum FUTY drawdown of -36.44%. Use the drawdown chart below to compare losses from any high point for FFUT and FUTY.

Drawdown Indicators

	FFUT	FUTY	Difference
Max Drawdown Largest peak-to-trough decline	-2.84%	-36.44%	+33.60%
Max Drawdown (1Y) Largest decline over 1 year	—	-8.93%	—
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	-1.70%	-2.76%	+1.06%
Average Drawdown Average peak-to-trough decline	-0.89%	-6.06%	+5.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.75%	—

Volatility

Volatility by Period

	FFUT	FUTY	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	5.03%	—
Volatility (6M) Calculated over the trailing 6-month period	—	10.15%	—
Volatility (1Y) Calculated over the trailing 1-year period	10.99%	15.52%	-4.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.99%	16.93%	-5.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.99%	18.99%	-8.00%