FUTY vs. FELG

Last updated Jun 24, 2026

FUTY (Fidelity MSCI Utilities Index ETF) and FELG (Fidelity Enhanced Large Cap Growth ETF) are both exchange-traded funds - FUTY is a Utilities Equities fund tracking the MSCI USA IMI Utilities Index, while FELG is a Large Cap Growth Equities fund actively managed by Fidelity. FUTY is passively managed, while FELG is actively managed. Over the past year, FUTY returned 14.04% vs 20.00% for FELG. At a 0.09 correlation, their price movements are largely independent. FUTY charges 0.08%/yr vs 0.18%/yr for FELG.

Performance

FUTY vs. FELG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity MSCI Utilities Index ETF (FUTY) and Fidelity Enhanced Large Cap Growth ETF (FELG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FUTY achieves a 6.83% return, which is significantly higher than FELG's 2.26% return.

FUTY

• 1D: 0.78%
• 1M: -0.04%
• YTD: 6.83%
• 6M: 6.88%
• 1Y: 14.04%
• 3Y*: 14.88%
• 5Y*: 10.41%
• 10Y*: 9.27%

FELG

• 1D: -1.73%
• 1M: -3.56%
• YTD: 2.26%
• 6M: 0.98%
• 1Y: 20.00%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FUTY vs. FELG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
FUTY Fidelity MSCI Utilities Index ETF	6.83%	16.40%	23.20%	3.00%
FELG Fidelity Enhanced Large Cap Growth ETF	2.26%	18.44%	35.45%	4.37%

Correlation

The correlation between FUTY and FELG is 0.05, 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	0.05
Correlation (All Time) Calculated using the full available price history since Nov 20, 2023	0.09

FUTY vs. FELG - Sectors Allocation Comparison

Sectors	FUTY	FELG
Utilities	99.3%	1.0%
Energy	0.5%	0.7%
Industrials	0.2%	6.1%
Basic Materials	-	0.0%
Communication Services	-	12.2%
Consumer Cyclical	-	11.4%
Consumer Defensive	-	1.3%
Financial Services	-	4.4%
Healthcare	-	7.0%
Real Estate	-	0.1%
Technology	-	54.2%

Return for Risk

FUTY vs. FELG — Risk / Return Rank

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

FUTY

FUTY Risk / Return Rank: 28
FUTY Sharpe Ratio Rank: 28
FUTY Sortino Ratio Rank: 26
FUTY Omega Ratio Rank: 26
FUTY Calmar Ratio Rank: 33
FUTY Martin Ratio Rank: 26

FELG

FELG Risk / Return Rank: 32
FELG Sharpe Ratio Rank: 35
FELG Sortino Ratio Rank: 34
FELG Omega Ratio Rank: 34
FELG Calmar Ratio Rank: 26
FELG Martin Ratio Rank: 30

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. FELG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity MSCI Utilities Index ETF (FUTY) and Fidelity Enhanced Large Cap Growth ETF (FELG). 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	FELG	Difference
Sharpe ratio: Return per unit of total volatility	0.98	1.24	-0.26
Sortino ratio: Return per unit of downside risk	1.38	1.73	-0.35
Omega ratio: Gain probability vs. loss probability	1.17	1.22	-0.05
Calmar ratio: Return relative to maximum drawdown	1.58	1.24	+0.34
Martin ratio: Return relative to average drawdown	3.37	4.14	-0.77

FUTY vs. FELG - Sharpe Ratio Comparison

The current FUTY Sharpe Ratio is 0.98, which is comparable to the FELG Sharpe Ratio of 1.24. The chart below compares the historical Sharpe Ratios of FUTY and FELG, 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. FELG - Drawdown Comparison

The maximum FUTY drawdown since its inception was -36.44%, which is greater than FELG's maximum drawdown of -23.89%. Use the drawdown chart below to compare losses from any high point for FUTY and FELG.

Drawdown Indicators

	FUTY	FELG	Difference
Max Drawdown Largest peak-to-trough decline	-36.44%	-23.89%	-12.55%
Max Drawdown (1Y) Largest decline over 1 year	-8.93%	-16.17%	+7.24%
Max Drawdown (3Y) Largest decline over 3 years	-17.35%	—	—
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	-3.99%	-6.32%	+2.33%
Average Drawdown Average peak-to-trough decline	-6.03%	-3.54%	-2.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.18%	4.84%	-0.66%

Volatility

FUTY vs. FELG - Volatility Comparison

The current volatility for Fidelity MSCI Utilities Index ETF (FUTY) is 5.22%, while Fidelity Enhanced Large Cap Growth ETF (FELG) has a volatility of 6.15%. This indicates that FUTY experiences smaller price fluctuations and is considered to be less risky than FELG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FUTY	FELG	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.22%	6.15%	-0.93%
Volatility (6M) Calculated over the trailing 6-month period	11.57%	12.66%	-1.09%
Volatility (1Y) Calculated over the trailing 1-year period	14.46%	16.29%	-1.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.06%	20.00%	-2.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.08%	20.00%	-0.92%

FUTY vs. FELG - Expense Ratio Comparison

FUTY has a 0.08% expense ratio, which is lower than FELG's 0.18% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

FUTY vs. FELG - Dividend Comparison

FUTY's dividend yield for the trailing twelve months is around 2.60%, more than FELG's 0.36% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FELG Fidelity Enhanced Large Cap Growth ETF	0.36%	0.38%	0.44%	0.11%	0.00%	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 FUTY and FELG in my portfolio?

FUTY and FELG have a correlation of 0.05, 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 FELG?

FELG has higher volatility (6.15%) compared to FUTY (5.22%). In terms of maximum drawdown, FUTY dropped -36.44% vs FELG's -23.89%.

Which ETF is better, FUTY or FELG?

On 1-year performance, FELG leads with 20.00% vs 14.04% for FUTY. On fees, FUTY is cheaper at 0.08% per year. On volatility, FUTY has been the lower-risk option at 5.22%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FUTY or FELG?

Over the 1-year period, FELG has performed better with a 20.00% return vs 14.04%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FUTY or FELG?

FUTY is cheaper with a 0.08% expense ratio, compared with 0.18% for FELG.

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

FUTY has the higher dividend yield at 2.60%, compared with 0.36% for FELG.

What is the main difference between FUTY and FELG?

FUTY is categorized as Utilities Equities, while FELG is Large Cap Growth Equities. Their fees differ too: 0.08% for FUTY and 0.18% for FELG.

Which has better risk-adjusted returns?

FELG currently has the higher Sharpe Ratio (1.24 vs 0.98), 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.