FLDR vs. FUTY
FLDR (Fidelity Low Duration Bond Factor ETF) and FUTY (Fidelity MSCI Utilities Index ETF) are both exchange-traded funds - FLDR is a Corporate Bonds fund tracking the Fidelity Low Duration Investment Grade Factor Index, while FUTY is a Utilities Equities fund tracking the MSCI USA IMI Utilities Index. Both are passively managed. Over the past 5 years, FLDR returned 3.70%/yr vs 9.26%/yr for FUTY. At a 0.14 correlation, their price movements are largely independent. FLDR charges 0.15%/yr vs 0.08%/yr for FUTY.
Performance
FLDR vs. FUTY - Performance Comparison
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Returns By Period
In the year-to-date period, FLDR achieves a 1.44% return, which is significantly lower than FUTY's 3.78% return.
FLDR
- 1D
- 0.00%
- 1M
- 0.35%
- YTD
- 1.44%
- 6M
- 1.76%
- 1Y
- 4.70%
- 3Y*
- 5.35%
- 5Y*
- 3.70%
- 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%
FLDR vs. FUTY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FLDR Fidelity Low Duration Bond Factor ETF | 1.44% | 5.41% | 5.71% | 6.32% | -0.33% | -0.18% | 2.01% | 4.52% | 0.94% |
FUTY Fidelity MSCI Utilities Index ETF | 3.78% | 16.40% | 23.20% | -7.46% | 1.12% | 17.53% | -0.80% | 24.89% | 8.86% |
Correlation
The correlation between FLDR and FUTY is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since Jun 15, 2018 | 0.14 |
The correlation between FLDR and FUTY shifts across timeframes, from 0.14 (all time) to 0.24 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
FLDR vs. FUTY — Risk / Return Rank
FLDR
FUTY
FLDR vs. FUTY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Low Duration Bond Factor ETF (FLDR) 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.
| FLDR | FUTY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +5.02 | ||
| Sortino ratioReturn per unit of downside risk | +8.70 | ||
| Omega ratioGain probability vs. loss probability | 2.73 | 1.15 | +1.58 |
| Calmar ratioReturn relative to maximum drawdown | 10.10 | 1.36 | +8.74 |
| Martin ratioReturn relative to average drawdown | 69.31 | 3.05 | +66.26 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FLDR | FUTY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 5.88 | 0.85 | +5.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 3.07 | 0.54 | +2.52 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.48 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.61 | 0.55 | +0.06 |
Drawdowns
FLDR vs. FUTY - Drawdown Comparison
The maximum FLDR drawdown since its inception was -12.23%, smaller than the maximum FUTY drawdown of -36.44%. Use the drawdown chart below to compare losses from any high point for FLDR and FUTY.
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Drawdown Indicators
| FLDR | FUTY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.23% | -36.44% | +24.21% |
Max Drawdown (1Y)Largest decline over 1 year | -0.47% | -8.93% | +8.46% |
Max Drawdown (3Y)Largest decline over 3 years | -0.76% | -17.35% | +16.59% |
Max Drawdown (5Y)Largest decline over 5 years | -2.33% | -25.11% | +22.78% |
Max Drawdown (10Y)Largest decline over 10 years | — | -36.44% | — |
Current DrawdownCurrent decline from peak | -0.02% | -6.72% | +6.70% |
Average DrawdownAverage peak-to-trough decline | -0.35% | -6.03% | +5.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.07% | 3.98% | -3.91% |
Volatility
FLDR vs. FUTY - Volatility Comparison
The current volatility for Fidelity Low Duration Bond Factor ETF (FLDR) is 0.19%, while Fidelity MSCI Utilities Index ETF (FUTY) has a volatility of 5.52%. This indicates that FLDR 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.
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Volatility by Period
| FLDR | FUTY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.19% | 5.52% | -5.33% |
Volatility (6M)Calculated over the trailing 6-month period | 0.58% | 11.38% | -10.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.80% | 14.34% | -13.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.21% | 17.08% | -15.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.26% | 19.05% | -13.79% |
FLDR vs. FUTY - Expense Ratio Comparison
FLDR has a 0.15% 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
FLDR vs. FUTY - Dividend Comparison
FLDR's dividend yield for the trailing twelve months is around 4.43%, more than FUTY's 2.60% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLDR Fidelity Low Duration Bond Factor ETF | 4.43% | 4.66% | 5.50% | 5.28% | 2.09% | 0.51% | 1.22% | 2.69% | 1.38% | 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
FLDR and FUTY have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FUTY has higher volatility (5.52%) compared to FLDR (0.19%). In terms of maximum drawdown, FLDR dropped -12.23% vs FUTY's -36.44%.
On 5-year performance, FUTY leads with 9.26% vs 3.70% for FLDR. On fees, FUTY is cheaper at 0.08% per year. On volatility, FLDR has been the lower-risk option at 0.19%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, FUTY has performed better with a 9.26% return vs 3.70%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FUTY is cheaper with a 0.08% expense ratio, compared with 0.15% for FLDR.
FLDR has the higher dividend yield at 4.43%, compared with 2.60% for FUTY.
FLDR is categorized as Corporate Bonds, while FUTY is Utilities Equities. FLDR tracks Fidelity Low Duration Investment Grade Factor Index, while FUTY tracks MSCI USA IMI Utilities Index. Their fees differ too: 0.15% for FLDR and 0.08% for FUTY.
FLDR currently has the higher Sharpe Ratio (5.88 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.
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