FSYD vs. FUTY

Last updated Jun 5, 2026

FSYD (Fidelity Sustainable High Yield ETF) and FUTY (Fidelity MSCI Utilities Index ETF) are both exchange-traded funds - FSYD is a High Yield Bonds fund actively managed by Fidelity, while FUTY is a Utilities Equities fund tracking the MSCI USA IMI Utilities Index. FSYD is actively managed, while FUTY is passively managed. Over the past 3 years, FSYD returned 9.61%/yr vs 13.73%/yr for FUTY. At a 0.38 correlation, their price movements are largely independent. FSYD charges 0.55%/yr vs 0.08%/yr for FUTY.

Performance

FSYD vs. FUTY - Performance Comparison

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

Returns By Period

In the year-to-date period, FSYD achieves a 3.41% return, which is significantly lower than FUTY's 3.78% return.

FSYD

• 1D: 0.06%
• 1M: 0.60%
• YTD: 3.41%
• 6M: 4.01%
• 1Y: 9.98%
• 3Y*: 9.61%
• 5Y*: —
• 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%

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

FSYD vs. FUTY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
FSYD Fidelity Sustainable High Yield ETF	3.41%	9.09%	8.74%	12.22%	-6.59%
FUTY Fidelity MSCI Utilities Index ETF	3.78%	16.40%	23.20%	-7.46%	9.28%

Correlation

The correlation between FSYD and FUTY is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.24
Correlation (3Y) Calculated over the trailing 3-year period	0.34
Correlation (All Time) Calculated using the full available price history since Feb 18, 2022	0.38

The correlation between FSYD and FUTY shifts across timeframes, from 0.24 (1 year) to 0.38 (all time), reflecting how their relationship changes across market environments.

FSYD vs. FUTY - Sectors Allocation Comparison

Sectors	FSYD	FUTY
Healthcare	94.6%	-
Energy	34.4%	0.5%
Technology	5.4%	-
Communication Services	0.0%	-
Basic Materials	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Financial Services	-	-
Industrials	-	0.2%
Real Estate	-	-
Utilities	-	99.2%

Return for Risk

FSYD vs. FUTY — Risk / Return Rank

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

FSYD

FSYD Risk / Return Rank: 79
FSYD Sharpe Ratio Rank: 76
FSYD Sortino Ratio Rank: 84
FSYD Omega Ratio Rank: 83
FSYD Calmar Ratio Rank: 75
FSYD Martin Ratio Rank: 78

FUTY

FUTY Risk / Return Rank: 25
FUTY Sharpe Ratio Rank: 25
FUTY Sortino Ratio Rank: 24
FUTY Omega Ratio Rank: 24
FUTY Calmar Ratio Rank: 29
FUTY Martin Ratio Rank: 24

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.

FSYD vs. FUTY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Sustainable High Yield ETF (FSYD) 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.

	FSYD	FUTY	Difference
Sharpe ratio: Return per unit of total volatility	2.44	0.85	+1.59
Sortino ratio: Return per unit of downside risk	3.72	1.23	+2.49
Omega ratio: Gain probability vs. loss probability	1.49	1.15	+0.34
Calmar ratio: Return relative to maximum drawdown	3.75	1.36	+2.39
Martin ratio: Return relative to average drawdown	15.02	3.05	+11.97
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FSYD vs. FUTY - Sharpe Ratio Comparison

The current FSYD Sharpe Ratio is 2.44, which is higher than the FUTY Sharpe Ratio of 0.85. The chart below compares the historical Sharpe Ratios of FSYD and FUTY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FSYD	FUTY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.44	0.85	+1.59
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.54	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.48	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.77	0.55	+0.22

Drawdowns

FSYD vs. FUTY - Drawdown Comparison

The maximum FSYD drawdown since its inception was -12.11%, smaller than the maximum FUTY drawdown of -36.44%. Use the drawdown chart below to compare losses from any high point for FSYD and FUTY.

Drawdown Indicators

	FSYD	FUTY	Difference
Max Drawdown Largest peak-to-trough decline	-12.11%	-36.44%	+24.33%
Max Drawdown (1Y) Largest decline over 1 year	-2.67%	-8.93%	+6.26%
Max Drawdown (3Y) Largest decline over 3 years	-5.49%	-17.35%	+11.86%
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	-0.20%	-6.72%	+6.52%
Average Drawdown Average peak-to-trough decline	-2.40%	-6.03%	+3.63%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.67%	3.98%	-3.31%

Volatility

FSYD vs. FUTY - Volatility Comparison

The current volatility for Fidelity Sustainable High Yield ETF (FSYD) is 1.11%, while Fidelity MSCI Utilities Index ETF (FUTY) has a volatility of 5.52%. This indicates that FSYD 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.

Volatility by Period

	FSYD	FUTY	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.11%	5.52%	-4.41%
Volatility (6M) Calculated over the trailing 6-month period	3.13%	11.38%	-8.25%
Volatility (1Y) Calculated over the trailing 1-year period	4.11%	14.34%	-10.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.85%	17.08%	-9.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.85%	19.05%	-11.20%

FSYD vs. FUTY - Expense Ratio Comparison

FSYD has a 0.55% expense ratio, which is higher than FUTY's 0.08% expense ratio.

Dividends

FSYD vs. FUTY - Dividend Comparison

FSYD's dividend yield for the trailing twelve months is around 6.32%, more than FUTY's 2.60% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FSYD Fidelity Sustainable High Yield ETF	6.32%	6.49%	6.47%	6.70%	5.29%	0.00%	0.00%	0.00%	0.00%	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

Can I hold both FSYD and FUTY in my portfolio?

FSYD and FUTY have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FSYD or FUTY?

FUTY has higher volatility (5.52%) compared to FSYD (1.11%). In terms of maximum drawdown, FSYD dropped -12.11% vs FUTY's -36.44%.

Which ETF is better, FSYD or FUTY?

On 3-year performance, FUTY leads with 13.73% vs 9.61% for FSYD. On fees, FUTY is cheaper at 0.08% per year. On volatility, FSYD has been the lower-risk option at 1.11%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FSYD or FUTY?

Over the 3-year period, FUTY has performed better with a 13.73% return vs 9.61%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FSYD or FUTY?

FUTY is cheaper with a 0.08% expense ratio, compared with 0.55% for FSYD.

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

FSYD has the higher dividend yield at 6.32%, compared with 2.60% for FUTY.

What is the main difference between FSYD and FUTY?

FSYD is categorized as High Yield Bonds, while FUTY is Utilities Equities. Their fees differ too: 0.55% for FSYD and 0.08% for FUTY.

Which has better risk-adjusted returns?

FSYD currently has the higher Sharpe Ratio (2.44 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.