FNARX vs. FUTY
FNARX (Fidelity Natural Resources Fund) and FUTY (Fidelity MSCI Utilities Index ETF) are both funds - FNARX is a Energy Equities fund managed by Fidelity, while FUTY is a Utilities Equities fund tracking the MSCI USA IMI Utilities Index. Over the past 10 years, FNARX returned 10.71%/yr vs 9.07%/yr for FUTY. At a 0.24 correlation, their price movements are largely independent. FNARX charges 0.82%/yr vs 0.08%/yr for FUTY.
Performance
FNARX vs. FUTY - Performance Comparison
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Returns By Period
In the year-to-date period, FNARX achieves a 21.32% return, which is significantly higher than FUTY's 4.88% return. Over the past 10 years, FNARX has outperformed FUTY with an annualized return of 10.71%, while FUTY has yielded a comparatively lower 9.07% annualized return.
FNARX
- 1D
- 0.68%
- 1M
- -5.08%
- YTD
- 21.32%
- 6M
- 21.17%
- 1Y
- 36.53%
- 3Y*
- 20.60%
- 5Y*
- 19.60%
- 10Y*
- 10.71%
FUTY
- 1D
- 1.14%
- 1M
- -0.88%
- YTD
- 4.88%
- 6M
- 5.07%
- 1Y
- 12.59%
- 3Y*
- 13.69%
- 5Y*
- 9.19%
- 10Y*
- 9.07%
FNARX vs. FUTY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FNARX Fidelity Natural Resources Fund | 21.32% | 28.67% | 3.76% | 6.41% | 41.01% | 39.34% | -20.86% | 19.09% | -24.28% | -0.11% |
FUTY Fidelity MSCI Utilities Index ETF | 4.88% | 16.40% | 23.20% | -7.46% | 1.12% | 17.53% | -0.80% | 24.89% | 4.36% | 12.52% |
Correlation
The correlation between FNARX and FUTY is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.29 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.28 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Oct 24, 2013 | 0.24 |
The correlation between FNARX and FUTY shifts across timeframes, from 0.15 (1 year) to 0.29 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
FNARX vs. FUTY — Risk / Return Rank
FNARX
FUTY
FNARX vs. FUTY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Natural Resources Fund (FNARX) 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.
| FNARX | FUTY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.43 | ||
| Sortino ratioReturn per unit of downside risk | +1.78 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.15 | +0.23 |
| Calmar ratioReturn relative to maximum drawdown | 5.29 | 1.33 | +3.96 |
| Martin ratioReturn relative to average drawdown | 16.81 | 2.88 | +13.94 |
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Drawdowns
FNARX vs. FUTY - Drawdown Comparison
The maximum FNARX drawdown since its inception was -71.04%, which is greater than FUTY's maximum drawdown of -36.44%. Use the drawdown chart below to compare losses from any high point for FNARX and FUTY.
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Drawdown Indicators
| FNARX | FUTY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.04% | -36.44% | -34.60% |
Max Drawdown (1Y)Largest decline over 1 year | -7.57% | -8.93% | +1.36% |
Max Drawdown (3Y)Largest decline over 3 years | -20.64% | -17.35% | -3.29% |
Max Drawdown (5Y)Largest decline over 5 years | -29.93% | -25.11% | -4.82% |
Max Drawdown (10Y)Largest decline over 10 years | -64.10% | -36.44% | -27.66% |
Current DrawdownCurrent decline from peak | -6.94% | -5.74% | -1.20% |
Average DrawdownAverage peak-to-trough decline | -20.03% | -6.03% | -14.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.38% | 4.11% | -1.73% |
Volatility
FNARX vs. FUTY - Volatility Comparison
Fidelity Natural Resources Fund (FNARX) and Fidelity MSCI Utilities Index ETF (FUTY) have volatilities of 5.63% and 5.63%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FNARX | FUTY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.63% | 5.63% | 0.00% |
Volatility (6M)Calculated over the trailing 6-month period | 14.66% | 11.54% | +3.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.78% | 14.43% | +3.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.07% | 17.10% | +7.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.93% | 19.06% | +7.87% |
FNARX vs. FUTY - Expense Ratio Comparison
FNARX has a 0.82% expense ratio, which is higher than FUTY's 0.08% expense ratio.
Dividends
FNARX vs. FUTY - Dividend Comparison
FNARX's dividend yield for the trailing twelve months is around 1.81%, less than FUTY's 2.57% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FNARX Fidelity Natural Resources Fund | 1.81% | 1.89% | 1.51% | 1.60% | 2.42% | 1.46% | 1.79% | 1.42% | 1.17% | 1.38% | 0.62% | 0.78% |
FUTY Fidelity MSCI Utilities Index ETF | 2.57% | 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
FNARX and FUTY have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FUTY has higher volatility (5.63%) compared to FNARX (5.63%). In terms of maximum drawdown, FNARX dropped -71.04% vs FUTY's -36.44%.
FNARX currently has the higher Sharpe Ratio (2.26 vs 0.82), 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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