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FUTY vs. ECLN
Performance
Return for Risk
Drawdowns
Volatility
Dividends

FUTY vs. ECLN

Last updated Jun 5, 2026

FUTY (Fidelity MSCI Utilities Index ETF) and ECLN (First Trust EIP Carbon Impact ETF) are both Utilities Equities funds. FUTY is passively managed, while ECLN is actively managed. Over the past 5 years, FUTY returned 9.26%/yr vs 11.98%/yr for ECLN. Their correlation of 0.88 suggests significant overlap in exposure. FUTY charges 0.08%/yr vs 0.97%/yr for ECLN.

Performance

FUTY vs. ECLN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity MSCI Utilities Index ETF (FUTY) and First Trust EIP Carbon Impact ETF (ECLN). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, FUTY achieves a 3.78% return, which is significantly lower than ECLN's 12.78% return.

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%

ECLN

1D
0.56%
1M
-2.38%
YTD
12.78%
6M
10.71%
1Y
21.20%
3Y*
17.36%
5Y*
11.98%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

FUTY vs. ECLN - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
FUTY
Fidelity MSCI Utilities Index ETF		3.78%16.40%23.20%-7.46%1.12%17.53%-0.80%5.98%
ECLN
First Trust EIP Carbon Impact ETF		12.78%16.78%22.60%-3.36%5.28%12.26%8.98%5.66%

Correlation

The correlation between FUTY and ECLN is 0.87, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.87

Correlation (3Y)
Calculated over the trailing 3-year period

0.90

Correlation (5Y)
Calculated over the trailing 5-year period

0.89

Correlation (All Time)
Calculated using the full available price history since Aug 21, 2019

0.88

The correlation between FUTY and ECLN has been stable across timeframes, ranging from 0.87 to 0.90 - a consistent structural relationship.

FUTY vs. ECLN - Sectors Allocation Comparison

Sectors
FUTY
ECLN

Utilities

99.2%
76.4%

Energy

0.5%
16.3%

Industrials

0.2%
6.8%

Basic Materials

-

-

Communication Services

-

-

Consumer Cyclical

-

-

Consumer Defensive

-

-

Financial Services

-

-

Healthcare

-

-

Real Estate

-

-

Technology

-

0.5%

Utilities

FUTY
99.2%
ECLN
76.4%

Energy

FUTY
0.5%
ECLN
16.3%

Industrials

FUTY
0.2%
ECLN
6.8%

Basic Materials

FUTY

-

ECLN

-

Communication Services

FUTY

-

ECLN

-

Consumer Cyclical

FUTY

-

ECLN

-

Consumer Defensive

FUTY

-

ECLN

-

Financial Services

FUTY

-

ECLN

-

Healthcare

FUTY

-

ECLN

-

Real Estate

FUTY

-

ECLN

-

Technology

FUTY

-

ECLN
0.5%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Fidelity MSCI Utilities Index ETF

First Trust EIP Carbon Impact ETF

Often compared with FUTY:
FUTY vs. VPUFUTY vs. XLUFUTY vs. FSUTXFUTY vs. UTESFUTY vs. FMATFUTY vs. VOOFUTY vs. SPLV
Often compared with ECLN:
ECLN vs. QCLNECLN vs. UTESECLN vs. DBEMECLN vs. XLUECLN vs. EVXECLN vs. JXIECLN vs. SPY

Return for Risk

FUTY vs. ECLN — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
FUTY
FUTY Risk / Return Rank: 2525
Overall Rank
FUTY Sharpe Ratio Rank: 2525
Sharpe Ratio Rank
FUTY Sortino Ratio Rank: 2424
Sortino Ratio Rank
FUTY Omega Ratio Rank: 2424
Omega Ratio Rank
FUTY Calmar Ratio Rank: 2929
Calmar Ratio Rank
FUTY Martin Ratio Rank: 2424
Martin Ratio Rank
ECLN
ECLN Risk / Return Rank: 6666
Overall Rank
ECLN Sharpe Ratio Rank: 6262
Sharpe Ratio Rank
ECLN Sortino Ratio Rank: 6666
Sortino Ratio Rank
ECLN Omega Ratio Rank: 5959
Omega Ratio Rank
ECLN Calmar Ratio Rank: 8282
Calmar Ratio Rank
ECLN Martin Ratio Rank: 6464
Martin Ratio Rank
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. ECLN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity MSCI Utilities Index ETF (FUTY) and First Trust EIP Carbon Impact ETF (ECLN). 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.

FUTYECLNDifference
Sharpe ratioReturn per unit of total volatility
0.85
2.04

-1.18

Sortino ratioReturn per unit of downside risk
1.23
2.98

-1.74

Omega ratioGain probability vs. loss probability

1.15

1.35

-0.20

Calmar ratioReturn relative to maximum drawdown

1.36

4.24

-2.88

Martin ratioReturn relative to average drawdown

3.05

11.40

-8.36

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FUTY vs. ECLN - Sharpe Ratio Comparison

The current FUTY Sharpe Ratio is 0.85, which is lower than the ECLN Sharpe Ratio of 2.04. The chart below compares the historical Sharpe Ratios of FUTY and ECLN, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

FUTYECLNDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.85

2.04

-1.18

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.54

0.85

-0.30

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.48

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.55

0.68

-0.12

Drawdowns

FUTY vs. ECLN - Drawdown Comparison

The maximum FUTY drawdown since its inception was -36.44%, which is greater than ECLN's maximum drawdown of -32.28%. Use the drawdown chart below to compare losses from any high point for FUTY and ECLN.

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Drawdown Indicators

FUTYECLNDifference

Max Drawdown

Largest peak-to-trough decline

-36.44%

-32.28%

-4.16%

Max Drawdown (1Y)

Largest decline over 1 year

-8.93%

-5.02%

-3.91%

Max Drawdown (3Y)

Largest decline over 3 years

-17.35%

-14.68%

-2.67%

Max Drawdown (5Y)

Largest decline over 5 years

-25.11%

-19.88%

-5.23%

Max Drawdown (10Y)

Largest decline over 10 years

-36.44%

—

—

Current Drawdown

Current decline from peak

-6.72%

-3.11%

-3.61%

Average Drawdown

Average peak-to-trough decline

-6.03%

-4.99%

-1.04%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.98%

1.86%

+2.12%

Volatility

FUTY vs. ECLN - Volatility Comparison

Fidelity MSCI Utilities Index ETF (FUTY) has a higher volatility of 5.52% compared to First Trust EIP Carbon Impact ETF (ECLN) at 3.91%. This indicates that FUTY's price experiences larger fluctuations and is considered to be riskier than ECLN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

FUTYECLNDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.52%

3.91%

+1.61%

Volatility (6M)

Calculated over the trailing 6-month period

11.38%

8.12%

+3.26%

Volatility (1Y)

Calculated over the trailing 1-year period

14.34%

10.52%

+3.82%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.08%

14.22%

+2.86%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.05%

17.41%

+1.64%

FUTY vs. ECLN - Expense Ratio Comparison

FUTY has a 0.08% expense ratio, which is lower than ECLN's 0.97% expense ratio.

Dividends

FUTY vs. ECLN - Dividend Comparison

FUTY's dividend yield for the trailing twelve months is around 2.60%, more than ECLN's 1.82% yield.

PositionTTM20252024202320222021202020192018201720162015
ECLN
First Trust EIP Carbon Impact ETF		1.82%1.97%2.52%2.54%1.72%1.66%1.68%0.71%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

FUTY and ECLN have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

FUTY has higher volatility (5.52%) compared to ECLN (3.91%). In terms of maximum drawdown, FUTY dropped -36.44% vs ECLN's -32.28%.

On 5-year performance, ECLN leads with 11.98% vs 9.26% for FUTY. On fees, FUTY is cheaper at 0.08% per year. On volatility, ECLN has been the lower-risk option at 3.91%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, ECLN has performed better with a 11.98% return vs 9.26%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

FUTY is cheaper with a 0.08% expense ratio, compared with 0.97% for ECLN.

FUTY has the higher dividend yield at 2.60%, compared with 1.82% for ECLN.

They also come from different issuers: Fidelity and First Trust. Their fees differ too: 0.08% for FUTY and 0.97% for ECLN.

ECLN currently has the higher Sharpe Ratio (2.04 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.

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