FTEC vs. FUTY

Last updated Jun 5, 2026

FTEC (Fidelity MSCI Information Technology Index ETF) and FUTY (Fidelity MSCI Utilities Index ETF) are both exchange-traded funds - FTEC is a Technology Equities fund tracking the MSCI USA IMI Information Technology 25/50 Index, while FUTY is a Utilities Equities fund tracking the MSCI USA IMI Utilities Index. Both are passively managed. Over the past 10 years, FTEC returned 25.40%/yr vs 9.10%/yr for FUTY. At a 0.24 correlation, their price movements are largely independent. Both charge a 0.08% expense ratio.

Performance

FTEC vs. FUTY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity MSCI Information Technology Index ETF (FTEC) 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, FTEC achieves a 30.73% return, which is significantly higher than FUTY's 3.78% return. Over the past 10 years, FTEC has outperformed FUTY with an annualized return of 25.40%, while FUTY has yielded a comparatively lower 9.10% annualized return.

FTEC

• 1D: -0.88%
• 1M: 15.13%
• YTD: 30.73%
• 6M: 28.96%
• 1Y: 59.04%
• 3Y*: 33.80%
• 5Y*: 22.27%
• 10Y*: 25.40%

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)

FTEC vs. FUTY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FTEC Fidelity MSCI Information Technology Index ETF	30.73%	22.11%	29.40%	53.30%	-29.59%	30.49%	45.83%	48.93%	-0.39%	36.83%
FUTY Fidelity MSCI Utilities Index ETF	3.78%	16.40%	23.20%	-7.46%	1.12%	17.53%	-0.80%	24.89%	4.36%	12.52%

Correlation

The correlation between FTEC and FUTY is 0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.09
Correlation (3Y) Calculated over the trailing 3-year period	0.09
Correlation (5Y) Calculated over the trailing 5-year period	0.22
Correlation (10Y) Calculated over the trailing 10-year period	0.22
Correlation (All Time) Calculated using the full available price history since Oct 25, 2013	0.25

The correlation between FTEC and FUTY shifts across timeframes, from 0.09 (1 year) to 0.24 (all time), reflecting how their relationship changes across market environments.

FTEC vs. FUTY - Sectors Allocation Comparison

Sectors	FTEC	FUTY
Technology	98.0%	-
Industrials	0.6%	0.2%
Financial Services	0.6%	-
Energy	0.4%	0.5%
Communication Services	0.0%	-
Consumer Cyclical	0.0%	-
Basic Materials	-	-
Consumer Defensive	-	-
Healthcare	-	-
Real Estate	-	-
Utilities	-	99.2%

Return for Risk

FTEC vs. FUTY — Risk / Return Rank

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

FTEC

FTEC Risk / Return Rank: 77
FTEC Sharpe Ratio Rank: 87
FTEC Sortino Ratio Rank: 80
FTEC Omega Ratio Rank: 79
FTEC Calmar Ratio Rank: 74
FTEC Martin Ratio Rank: 65

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.

FTEC vs. FUTY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity MSCI Information Technology Index ETF (FTEC) 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.

	FTEC	FUTY	Difference
Sharpe ratio: Return per unit of total volatility	2.88	0.85	+2.02
Sortino ratio: Return per unit of downside risk	3.56	1.23	+2.33
Omega ratio: Gain probability vs. loss probability	1.46	1.15	+0.31
Calmar ratio: Return relative to maximum drawdown	3.65	1.36	+2.29
Martin ratio: Return relative to average drawdown	11.73	3.05	+8.69
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FTEC vs. FUTY - Sharpe Ratio Comparison

The current FTEC Sharpe Ratio is 2.88, which is higher than the FUTY Sharpe Ratio of 0.85. The chart below compares the historical Sharpe Ratios of FTEC 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

	FTEC	FUTY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.88	0.85	+2.02
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.89	0.54	+0.34
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	1.03	0.48	+0.55
Sharpe Ratio (All Time) Calculated using the full available price history	0.98	0.55	+0.43

Drawdowns

FTEC vs. FUTY - Drawdown Comparison

The maximum FTEC drawdown since its inception was -34.95%, roughly equal to the maximum FUTY drawdown of -36.44%. Use the drawdown chart below to compare losses from any high point for FTEC and FUTY.

Drawdown Indicators

	FTEC	FUTY	Difference
Max Drawdown Largest peak-to-trough decline	-34.95%	-36.44%	+1.49%
Max Drawdown (1Y) Largest decline over 1 year	-16.26%	-8.93%	-7.33%
Max Drawdown (3Y) Largest decline over 3 years	-27.30%	-17.35%	-9.95%
Max Drawdown (5Y) Largest decline over 5 years	-34.95%	-25.11%	-9.84%
Max Drawdown (10Y) Largest decline over 10 years	-34.95%	-36.44%	+1.49%
Current Drawdown Current decline from peak	-2.36%	-6.72%	+4.36%
Average Drawdown Average peak-to-trough decline	-5.56%	-6.03%	+0.47%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.05%	3.98%	+1.07%

Volatility

FTEC vs. FUTY - Volatility Comparison

Fidelity MSCI Information Technology Index ETF (FTEC) has a higher volatility of 6.56% compared to Fidelity MSCI Utilities Index ETF (FUTY) at 5.52%. This indicates that FTEC's price experiences larger fluctuations and is considered to be riskier than FUTY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FTEC	FUTY	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.56%	5.52%	+1.04%
Volatility (6M) Calculated over the trailing 6-month period	16.16%	11.38%	+4.78%
Volatility (1Y) Calculated over the trailing 1-year period	20.61%	14.34%	+6.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.22%	17.08%	+8.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.69%	19.05%	+5.64%

FTEC vs. FUTY - Expense Ratio Comparison

Both FTEC and FUTY have an expense ratio of 0.08%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

FTEC vs. FUTY - Dividend Comparison

FTEC's dividend yield for the trailing twelve months is around 0.32%, less than FUTY's 2.60% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FTEC Fidelity MSCI Information Technology Index ETF	0.32%	0.43%	0.49%	0.77%	0.93%	0.63%	0.83%	1.03%	1.20%	0.96%	1.25%	1.27%
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 FTEC and FUTY in my portfolio?

FTEC and FUTY have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FTEC or FUTY?

FTEC has higher volatility (6.56%) compared to FUTY (5.52%). In terms of maximum drawdown, FTEC dropped -34.95% vs FUTY's -36.44%.

Which ETF is better, FTEC or FUTY?

On 10-year performance, FTEC leads with 25.40% vs 9.10% for FUTY. Both ETFs have the same 0.08% expense ratio. On volatility, FUTY has been the lower-risk option at 5.52%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FTEC or FUTY?

Over the 10-year period, FTEC has performed better with a 25.40% return vs 9.10%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FTEC or FUTY?

FTEC and FUTY have the same expense ratio: 0.08% per year.

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

FUTY has the higher dividend yield at 2.60%, compared with 0.32% for FTEC.

What is the main difference between FTEC and FUTY?

FTEC is categorized as Technology Equities, while FUTY is Utilities Equities. FTEC tracks MSCI USA IMI Information Technology 25/50 Index, while FUTY tracks MSCI USA IMI Utilities Index.

Which has better risk-adjusted returns?

FTEC currently has the higher Sharpe Ratio (2.88 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.