FUTY vs. CGDV

Last updated Jun 14, 2026

FUTY (Fidelity MSCI Utilities Index ETF) and CGDV (Capital Group Dividend Value ETF) are both exchange-traded funds - FUTY is a Utilities Equities fund tracking the MSCI USA IMI Utilities Index, while CGDV is a Large Cap Value Equities fund actively managed by Capital Group. FUTY is passively managed, while CGDV is actively managed. Over the past 3 years, FUTY returned 13.69%/yr vs 24.15%/yr for CGDV. At a 0.47 correlation, their price movements are largely independent. FUTY charges 0.08%/yr vs 0.33%/yr for CGDV.

Performance

FUTY vs. CGDV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity MSCI Utilities Index ETF (FUTY) and Capital Group Dividend Value ETF (CGDV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FUTY achieves a 4.88% return, which is significantly lower than CGDV's 11.55% return.

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%

CGDV

• 1D: 0.66%
• 1M: 0.35%
• YTD: 11.55%
• 6M: 12.50%
• 1Y: 28.33%
• 3Y*: 24.15%
• 5Y*: —
• 10Y*: —

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

FUTY vs. CGDV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
FUTY Fidelity MSCI Utilities Index ETF	4.88%	16.40%	23.20%	-7.46%	11.68%
CGDV Capital Group Dividend Value ETF	11.55%	25.50%	20.10%	28.81%	-0.44%

Correlation

The correlation between FUTY and CGDV is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.29
Correlation (3Y) Calculated over the trailing 3-year period	0.38
Correlation (All Time) Calculated using the full available price history since Feb 24, 2022	0.47

The correlation between FUTY and CGDV shifts across timeframes, from 0.29 (1 year) to 0.47 (all time), reflecting how their relationship changes across market environments.

FUTY vs. CGDV - Sectors Allocation Comparison

Sectors	FUTY	CGDV
Utilities	99.3%	2.1%
Energy	0.5%	3.8%
Industrials	0.2%	13.2%
Basic Materials	-	2.9%
Communication Services	-	8.4%
Consumer Cyclical	-	10.6%
Consumer Defensive	-	5.5%
Financial Services	-	6.8%
Healthcare	-	11.5%
Real Estate	-	1.1%
Technology	-	34.1%

Return for Risk

FUTY vs. CGDV — Risk / Return Rank

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

FUTY

FUTY Risk / Return Rank: 26
FUTY Sharpe Ratio Rank: 26
FUTY Sortino Ratio Rank: 24
FUTY Omega Ratio Rank: 24
FUTY Calmar Ratio Rank: 30
FUTY Martin Ratio Rank: 24

CGDV

CGDV Risk / Return Rank: 78
CGDV Sharpe Ratio Rank: 82
CGDV Sortino Ratio Rank: 81
CGDV Omega Ratio Rank: 82
CGDV Calmar Ratio Rank: 65
CGDV Martin Ratio Rank: 79

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.

FUTY vs. CGDV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity MSCI Utilities Index ETF (FUTY) and Capital Group Dividend Value ETF (CGDV). 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.

	FUTY	CGDV	Difference
Sharpe ratio: Return per unit of total volatility	0.82	2.27	-1.45
Sortino ratio: Return per unit of downside risk	1.19	3.11	-1.92
Omega ratio: Gain probability vs. loss probability	1.15	1.42	-0.27
Calmar ratio: Return relative to maximum drawdown	1.33	2.83	-1.50
Martin ratio: Return relative to average drawdown	2.88	13.19	-10.31

FUTY vs. CGDV - Sharpe Ratio Comparison

The current FUTY Sharpe Ratio is 0.82, which is lower than the CGDV Sharpe Ratio of 2.27. The chart below compares the historical Sharpe Ratios of FUTY and CGDV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FUTY vs. CGDV - Drawdown Comparison

The maximum FUTY drawdown since its inception was -36.44%, which is greater than CGDV's maximum drawdown of -21.82%. Use the drawdown chart below to compare losses from any high point for FUTY and CGDV.

Drawdown Indicators

	FUTY	CGDV	Difference
Max Drawdown Largest peak-to-trough decline	-36.44%	-21.82%	-14.62%
Max Drawdown (1Y) Largest decline over 1 year	-8.93%	-9.75%	+0.82%
Max Drawdown (3Y) Largest decline over 3 years	-17.35%	-14.28%	-3.07%
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	-5.74%	-0.98%	-4.76%
Average Drawdown Average peak-to-trough decline	-6.03%	-3.60%	-2.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.11%	2.09%	+2.02%

Volatility

FUTY vs. CGDV - Volatility Comparison

Fidelity MSCI Utilities Index ETF (FUTY) has a higher volatility of 5.63% compared to Capital Group Dividend Value ETF (CGDV) at 4.52%. This indicates that FUTY's price experiences larger fluctuations and is considered to be riskier than CGDV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FUTY	CGDV	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.63%	4.52%	+1.11%
Volatility (6M) Calculated over the trailing 6-month period	11.54%	9.80%	+1.74%
Volatility (1Y) Calculated over the trailing 1-year period	14.43%	12.13%	+2.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.10%	15.57%	+1.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.06%	15.57%	+3.49%

FUTY vs. CGDV - Expense Ratio Comparison

FUTY has a 0.08% expense ratio, which is lower than CGDV's 0.33% expense ratio.

Dividends

FUTY vs. CGDV - Dividend Comparison

FUTY's dividend yield for the trailing twelve months is around 2.57%, more than CGDV's 1.17% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CGDV Capital Group Dividend Value ETF	1.17%	1.29%	1.60%	1.65%	1.36%	0.00%	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 FUTY and CGDV in my portfolio?

FUTY and CGDV have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FUTY or CGDV?

FUTY has higher volatility (5.63%) compared to CGDV (4.52%). In terms of maximum drawdown, FUTY dropped -36.44% vs CGDV's -21.82%.

Which ETF is better, FUTY or CGDV?

On 3-year performance, CGDV leads with 24.15% vs 13.69% for FUTY. On fees, FUTY is cheaper at 0.08% per year. On volatility, CGDV has been the lower-risk option at 4.52%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FUTY or CGDV?

Over the 3-year period, CGDV has performed better with a 24.15% return vs 13.69%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FUTY or CGDV?

FUTY is cheaper with a 0.08% expense ratio, compared with 0.33% for CGDV.

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

FUTY has the higher dividend yield at 2.57%, compared with 1.17% for CGDV.

What is the main difference between FUTY and CGDV?

FUTY is categorized as Utilities Equities, while CGDV is Large Cap Value Equities. They also come from different issuers: Fidelity and Capital Group. Their fees differ too: 0.08% for FUTY and 0.33% for CGDV.

Which has better risk-adjusted returns?

CGDV currently has the higher Sharpe Ratio (2.27 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.