FSST vs. FUTY

Last updated Jul 14, 2026

FSST (Fidelity Sustainability U.S. Equity ETF) and FUTY (Fidelity MSCI Utilities Index ETF) are both exchange-traded funds - FSST is a Sustainable fund tracking the Russell 3000, while FUTY is a Utilities Equities fund tracking the MSCI USA IMI Utilities Index. Both are passively managed. At a 0.37 correlation, their price movements are largely independent. FSST charges 0.59%/yr vs 0.08%/yr for FUTY.

Performance

FSST vs. FUTY - Performance Comparison

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

Returns By Period

FSST

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

FUTY

• 1D: 0.67%
• 1M: 3.12%
• 6M: 8.03%
• YTD: 8.15%
• 1Y: 13.91%
• 3Y*: 14.30%
• 5Y*: 10.19%
• 10Y*: 9.06%

*Multi-year figures are annualized to reflect compound growth (CAGR)

FSST vs. FUTY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
FSST Fidelity Sustainability U.S. Equity ETF	0.00%	15.40%	21.40%	25.49%	-18.30%	12.52%
FUTY Fidelity MSCI Utilities Index ETF	8.15%	16.40%	23.20%	-7.46%	1.12%	11.38%

Correlation

The correlation between FSST and FUTY is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.14
Correlation (3Y) Calculated over the trailing 3-year period	0.26
Correlation (5Y) Calculated over the trailing 5-year period	0.37
Correlation (All Time) Calculated using the full available price history since Jun 17, 2021	0.37

Over the past year, the correlation between FSST and FUTY has dropped to 0.14 - well below their long-term average of 0.37, suggesting their price drivers have been diverging.

FSST vs. FUTY - Sectors Allocation Comparison

Sectors	FSST	FUTY
Technology	29.6%	-
Industrials	13.0%	0.2%
Financial Services	12.1%	-
Communication Services	11.7%	-
Consumer Cyclical	11.5%	-
Healthcare	10.2%	-
Consumer Defensive	4.6%	-
Basic Materials	3.4%	-
Energy	1.9%	0.5%
Real Estate	1.3%	-
Utilities	0.9%	99.3%

Return for Risk

FSST vs. FUTY — Risk / Return Rank

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

FSST

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

FUTY

FUTY Risk / Return Rank: 32
FUTY Sharpe Ratio Rank: 32
FUTY Sortino Ratio Rank: 30
FUTY Omega Ratio Rank: 30
FUTY Calmar Ratio Rank: 38
FUTY Martin Ratio Rank: 29

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.

FSST vs. FUTY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Sustainability U.S. Equity ETF (FSST) 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.

	FSST	FUTY	Difference
Sharpe ratio: Return per unit of total volatility	—	0.95	—
Sortino ratio: Return per unit of downside risk	—	1.36	—
Omega ratio: Gain probability vs. loss probability	—	1.17	—
Calmar ratio: Return relative to maximum drawdown	—	1.56	—
Martin ratio: Return relative to average drawdown	—	3.29	—

Drawdowns

Drawdown Indicators

	FSST	FUTY	Difference
Max Drawdown Largest peak-to-trough decline	—	-36.44%	—
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	—	-2.80%	—
Average Drawdown Average peak-to-trough decline	—	-6.02%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	4.24%	—

Volatility

Volatility by Period

	FSST	FUTY	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.31%	—
Volatility (6M) Calculated over the trailing 6-month period	—	11.67%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	14.68%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	17.10%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	19.08%	—

FSST vs. FUTY - Expense Ratio Comparison

FSST has a 0.59% expense ratio, which is higher than FUTY's 0.08% expense ratio.

Dividends

FSST vs. FUTY - Dividend Comparison

FSST has not paid dividends to shareholders, while FUTY's dividend yield for the trailing twelve months is around 2.57%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FSST Fidelity Sustainability U.S. Equity ETF	0.10%	0.19%	2.01%	0.68%	1.00%	0.34%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
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

Can I hold both FSST and FUTY in my portfolio?

FSST and FUTY have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FSST or FUTY?

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.

Which ETF is cheaper, FSST or FUTY?

FUTY is cheaper with a 0.08% expense ratio, compared with 0.59% for FSST.

Which ETF pays a higher dividend yield, FSST or FUTY?

FUTY has the higher dividend yield at 2.57%, compared with 0.10% for FSST.

What is the main difference between FSST and FUTY?

FSST is categorized as Sustainable, while FUTY is Utilities Equities. FSST tracks Russell 3000, while FUTY tracks MSCI USA IMI Utilities Index. Their fees differ too: 0.59% for FSST and 0.08% for FUTY.