FLRG vs. FUTY
Compare and contrast key facts about Fidelity U.S. Multifactor ETF (FLRG) and Fidelity MSCI Utilities Index ETF (FUTY).
FLRG and FUTY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FLRG is a passively managed fund by Fidelity that tracks the performance of the Fidelity U.S. Multifactor Index. It was launched on Sep 15, 2020. 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. Both FLRG and FUTY are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
FLRG vs. FUTY - Performance Comparison
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FLRG vs. FUTY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
FLRG Fidelity U.S. Multifactor ETF | -1.85% | 13.92% | 23.36% | 18.31% | -10.98% | 29.36% | 9.53% |
FUTY Fidelity MSCI Utilities Index ETF | 8.91% | 16.40% | 23.20% | -7.46% | 1.12% | 17.53% | 8.15% |
Returns By Period
In the year-to-date period, FLRG achieves a -1.85% return, which is significantly lower than FUTY's 8.91% return.
FLRG
- 1D
- 0.22%
- 1M
- -2.04%
- YTD
- -1.85%
- 6M
- -2.89%
- 1Y
- 13.05%
- 3Y*
- 15.93%
- 5Y*
- 11.74%
- 10Y*
- —
FUTY
- 1D
- 0.66%
- 1M
- -0.88%
- YTD
- 8.91%
- 6M
- 6.40%
- 1Y
- 19.63%
- 3Y*
- 14.53%
- 5Y*
- 10.76%
- 10Y*
- 9.80%
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FLRG vs. FUTY - Expense Ratio Comparison
FLRG has a 0.29% expense ratio, which is higher than FUTY's 0.08% expense ratio.
Return for Risk
FLRG vs. FUTY — Risk / Return Rank
FLRG
FUTY
FLRG vs. FUTY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity U.S. Multifactor ETF (FLRG) 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.
| FLRG | FUTY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.84 | 1.27 | -0.43 |
Sortino ratioReturn per unit of downside risk | 1.30 | 1.72 | -0.42 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.23 | -0.04 |
Calmar ratioReturn relative to maximum drawdown | 1.25 | 2.25 | -1.00 |
Martin ratioReturn relative to average drawdown | 5.68 | 5.36 | +0.33 |
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
| FLRG | FUTY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.84 | 1.27 | -0.43 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.78 | 0.64 | +0.14 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.52 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.92 | 0.59 | +0.34 |
Correlation
The correlation between FLRG and FUTY is 0.47, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
FLRG vs. FUTY - Dividend Comparison
FLRG's dividend yield for the trailing twelve months is around 1.49%, less than FUTY's 2.48% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLRG Fidelity U.S. Multifactor ETF | 1.49% | 1.42% | 1.42% | 1.39% | 1.62% | 1.36% | 1.47% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FUTY Fidelity MSCI Utilities Index ETF | 2.48% | 2.67% | 2.96% | 3.31% | 2.72% | 2.70% | 3.07% | 2.82% | 3.11% | 3.03% | 3.35% | 4.33% |
Drawdowns
FLRG vs. FUTY - Drawdown Comparison
The maximum FLRG drawdown since its inception was -19.64%, smaller than the maximum FUTY drawdown of -36.44%. Use the drawdown chart below to compare losses from any high point for FLRG and FUTY.
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Drawdown Indicators
| FLRG | FUTY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.64% | -36.44% | +16.80% |
Max Drawdown (1Y)Largest decline over 1 year | -7.24% | -8.93% | +1.69% |
Max Drawdown (5Y)Largest decline over 5 years | -19.64% | -25.11% | +5.47% |
Max Drawdown (10Y)Largest decline over 10 years | — | -36.44% | — |
Current DrawdownCurrent decline from peak | -4.35% | -2.12% | -2.23% |
Average DrawdownAverage peak-to-trough decline | -3.84% | -6.06% | +2.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.35% | 3.75% | -1.40% |
Volatility
FLRG vs. FUTY - Volatility Comparison
The current volatility for Fidelity U.S. Multifactor ETF (FLRG) is 4.13%, while Fidelity MSCI Utilities Index ETF (FUTY) has a volatility of 5.06%. This indicates that FLRG 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
| FLRG | FUTY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.13% | 5.06% | -0.93% |
Volatility (6M)Calculated over the trailing 6-month period | 7.94% | 10.14% | -2.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.63% | 15.53% | +0.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.21% | 16.92% | -1.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.14% | 18.99% | -3.85% |