FUTY vs. CSD
Compare and contrast key facts about Fidelity MSCI Utilities Index ETF (FUTY) and Invesco S&P Spin-Off ETF (CSD).
FUTY and CSD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FUTY is a passively managed fund by Fidelity that tracks the performance of the MSCI USA IMI Utilities Index. It was launched on Oct 21, 2013. CSD is a passively managed fund by Invesco that tracks the performance of the S&P U.S. Spin-Off Index. It was launched on Dec 15, 2006. Both FUTY and CSD are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
FUTY vs. CSD - Performance Comparison
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FUTY vs. CSD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FUTY Fidelity MSCI Utilities Index ETF | 8.19% | 16.40% | 23.20% | -7.46% | 1.12% | 17.53% | -0.80% | 24.89% | 4.36% | 12.52% |
CSD Invesco S&P Spin-Off ETF | 15.37% | 21.58% | 27.61% | 23.77% | -15.04% | 13.01% | 10.79% | 20.61% | -17.82% | 20.64% |
Returns By Period
In the year-to-date period, FUTY achieves a 8.19% return, which is significantly lower than CSD's 15.37% return. Over the past 10 years, FUTY has underperformed CSD with an annualized return of 9.67%, while CSD has yielded a comparatively higher 12.32% annualized return.
FUTY
- 1D
- 0.49%
- 1M
- -2.11%
- YTD
- 8.19%
- 6M
- 5.65%
- 1Y
- 19.31%
- 3Y*
- 13.99%
- 5Y*
- 10.62%
- 10Y*
- 9.67%
CSD
- 1D
- 2.13%
- 1M
- -4.33%
- YTD
- 15.37%
- 6M
- 22.63%
- 1Y
- 52.61%
- 3Y*
- 27.03%
- 5Y*
- 13.17%
- 10Y*
- 12.32%
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FUTY vs. CSD - Expense Ratio Comparison
FUTY has a 0.08% expense ratio, which is lower than CSD's 0.65% expense ratio.
Return for Risk
FUTY vs. CSD — Risk / Return Rank
FUTY
CSD
FUTY vs. CSD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity MSCI Utilities Index ETF (FUTY) and Invesco S&P Spin-Off ETF (CSD). 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.
| FUTY | CSD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.25 | 1.81 | -0.56 |
Sortino ratioReturn per unit of downside risk | 1.70 | 2.38 | -0.68 |
Omega ratioGain probability vs. loss probability | 1.23 | 1.34 | -0.11 |
Calmar ratioReturn relative to maximum drawdown | 2.20 | 3.14 | -0.94 |
Martin ratioReturn relative to average drawdown | 5.24 | 12.93 | -7.69 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FUTY | CSD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.25 | 1.81 | -0.56 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.63 | 0.57 | +0.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.51 | 0.50 | +0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.58 | 0.39 | +0.19 |
Correlation
The correlation between FUTY and CSD is 0.35, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
FUTY vs. CSD - Dividend Comparison
FUTY's dividend yield for the trailing twelve months is around 2.49%, more than CSD's 0.14% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FUTY Fidelity MSCI Utilities Index ETF | 2.49% | 2.67% | 2.96% | 3.31% | 2.72% | 2.70% | 3.07% | 2.82% | 3.11% | 3.03% | 3.35% | 4.33% |
CSD Invesco S&P Spin-Off ETF | 0.14% | 0.16% | 0.17% | 0.51% | 0.86% | 0.73% | 0.99% | 1.08% | 0.99% | 0.60% | 1.62% | 2.61% |
Drawdowns
FUTY vs. CSD - Drawdown Comparison
The maximum FUTY drawdown since its inception was -36.44%, smaller than the maximum CSD drawdown of -70.47%. Use the drawdown chart below to compare losses from any high point for FUTY and CSD.
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Drawdown Indicators
| FUTY | CSD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.44% | -70.47% | +34.03% |
Max Drawdown (1Y)Largest decline over 1 year | -8.93% | -17.08% | +8.15% |
Max Drawdown (5Y)Largest decline over 5 years | -25.11% | -30.15% | +5.04% |
Max Drawdown (10Y)Largest decline over 10 years | -36.44% | -57.55% | +21.11% |
Current DrawdownCurrent decline from peak | -2.76% | -5.09% | +2.33% |
Average DrawdownAverage peak-to-trough decline | -6.06% | -14.35% | +8.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.75% | 4.15% | -0.40% |
Volatility
FUTY vs. CSD - Volatility Comparison
The current volatility for Fidelity MSCI Utilities Index ETF (FUTY) is 5.03%, while Invesco S&P Spin-Off ETF (CSD) has a volatility of 10.46%. This indicates that FUTY experiences smaller price fluctuations and is considered to be less risky than CSD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FUTY | CSD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.03% | 10.46% | -5.43% |
Volatility (6M)Calculated over the trailing 6-month period | 10.15% | 19.09% | -8.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.52% | 29.22% | -13.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.93% | 23.06% | -6.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.99% | 24.69% | -5.70% |