FUTY vs. FIDI
FUTY (Fidelity MSCI Utilities Index ETF) and FIDI (Fidelity International High Dividend ETF) are both exchange-traded funds - FUTY is a Utilities Equities fund tracking the MSCI USA IMI Utilities Index, while FIDI is a Foreign Large Cap Equities fund tracking the Fidelity® International High Dividend Index. Both are passively managed. Over the past 5 years, FUTY returned 9.19%/yr vs 10.82%/yr for FIDI. At a 0.36 correlation, their price movements are largely independent. FUTY charges 0.08%/yr vs 0.39%/yr for FIDI.
Performance
FUTY vs. FIDI - Performance Comparison
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Returns By Period
In the year-to-date period, FUTY achieves a 4.88% return, which is significantly lower than FIDI's 10.87% return.
FUTY
- 1D
- 1.14%
- 1M
- -0.35%
- YTD
- 4.88%
- 6M
- 5.07%
- 1Y
- 11.80%
- 3Y*
- 13.69%
- 5Y*
- 9.19%
- 10Y*
- 9.07%
FIDI
- 1D
- 0.10%
- 1M
- 0.74%
- YTD
- 10.87%
- 6M
- 12.10%
- 1Y
- 25.76%
- 3Y*
- 19.21%
- 5Y*
- 10.82%
- 10Y*
- —
FUTY vs. FIDI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FUTY Fidelity MSCI Utilities Index ETF | 4.88% | 16.40% | 23.20% | -7.46% | 1.12% | 17.53% | -0.80% | 24.89% | 9.03% |
FIDI Fidelity International High Dividend ETF | 10.87% | 39.34% | -0.06% | 16.28% | -4.73% | 16.87% | -11.68% | 15.47% | -19.49% |
Correlation
The correlation between FUTY and FIDI is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.40 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.41 |
Correlation (All Time) Calculated using the full available price history since Jan 18, 2018 | 0.36 |
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Return for Risk
FUTY vs. FIDI — Risk / Return Rank
FUTY
FIDI
FUTY vs. FIDI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity MSCI Utilities Index ETF (FUTY) and Fidelity International High Dividend ETF (FIDI). 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 | FIDI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.37 | ||
| Sortino ratioReturn per unit of downside risk | -1.78 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.39 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | 1.33 | 3.72 | -2.39 |
| Martin ratioReturn relative to average drawdown | 2.88 | 13.17 | -10.29 |
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Drawdowns
FUTY vs. FIDI - Drawdown Comparison
The maximum FUTY drawdown since its inception was -36.44%, smaller than the maximum FIDI drawdown of -46.34%. Use the drawdown chart below to compare losses from any high point for FUTY and FIDI.
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Drawdown Indicators
| FUTY | FIDI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.44% | -46.34% | +9.90% |
Max Drawdown (1Y)Largest decline over 1 year | -8.93% | -6.96% | -1.97% |
Max Drawdown (3Y)Largest decline over 3 years | -17.35% | -12.09% | -5.26% |
Max Drawdown (5Y)Largest decline over 5 years | -25.11% | -26.05% | +0.94% |
Max Drawdown (10Y)Largest decline over 10 years | -36.44% | — | — |
Current DrawdownCurrent decline from peak | -5.74% | -0.49% | -5.25% |
Average DrawdownAverage peak-to-trough decline | -6.03% | -9.76% | +3.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.11% | 1.97% | +2.14% |
Volatility
FUTY vs. FIDI - Volatility Comparison
Fidelity MSCI Utilities Index ETF (FUTY) has a higher volatility of 5.63% compared to Fidelity International High Dividend ETF (FIDI) at 3.19%. This indicates that FUTY's price experiences larger fluctuations and is considered to be riskier than FIDI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FUTY | FIDI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.63% | 3.19% | +2.44% |
Volatility (6M)Calculated over the trailing 6-month period | 11.54% | 9.23% | +2.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.43% | 11.81% | +2.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.10% | 14.87% | +2.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.06% | 18.71% | +0.35% |
FUTY vs. FIDI - Expense Ratio Comparison
FUTY has a 0.08% expense ratio, which is lower than FIDI's 0.39% expense ratio.
Dividends
FUTY vs. FIDI - Dividend Comparison
FUTY's dividend yield for the trailing twelve months is around 2.57%, less than FIDI's 4.05% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIDI Fidelity International High Dividend ETF | 4.05% | 4.33% | 5.72% | 4.80% | 5.09% | 4.00% | 3.36% | 4.26% | 4.37% | 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
FUTY and FIDI have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FUTY has higher volatility (5.63%) compared to FIDI (3.19%). In terms of maximum drawdown, FUTY dropped -36.44% vs FIDI's -46.34%.
On 5-year performance, FIDI leads with 10.82% vs 9.19% for FUTY. On fees, FUTY is cheaper at 0.08% per year. On volatility, FIDI has been the lower-risk option at 3.19%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, FIDI has performed better with a 10.82% return vs 9.19%. 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 0.39% for FIDI.
FIDI has the higher dividend yield at 4.05%, compared with 2.57% for FUTY.
FUTY is categorized as Utilities Equities, while FIDI is Foreign Large Cap Equities. FUTY tracks MSCI USA IMI Utilities Index, while FIDI tracks Fidelity® International High Dividend Index. Their fees differ too: 0.08% for FUTY and 0.39% for FIDI.
FIDI currently has the higher Sharpe Ratio (2.19 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.
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