FUTY vs. FIVA

Last updated Jun 9, 2026

FUTY (Fidelity MSCI Utilities Index ETF) and FIVA (Fidelity International Value Factor ETF) are both exchange-traded funds - FUTY is a Utilities Equities fund tracking the MSCI USA IMI Utilities Index, while FIVA is a Foreign Large Cap Equities fund tracking the Fidelity® International Value Factor Index. Both are passively managed. Over the past 5 years, FUTY returned 8.95%/yr vs 12.17%/yr for FIVA. At a 0.32 correlation, their price movements are largely independent. FUTY charges 0.08%/yr vs 0.39%/yr for FIVA.

Performance

FUTY vs. FIVA - Performance Comparison

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

Returns By Period

In the year-to-date period, FUTY achieves a 2.65% return, which is significantly lower than FIVA's 11.65% return.

FUTY

• 1D: -1.86%
• 1M: -2.64%
• YTD: 2.65%
• 6M: 3.06%
• 1Y: 10.63%
• 3Y*: 12.75%
• 5Y*: 8.95%
• 10Y*: 8.88%

FIVA

• 1D: 0.99%
• 1M: 0.96%
• YTD: 11.65%
• 6M: 16.62%
• 1Y: 33.66%
• 3Y*: 21.93%
• 5Y*: 12.17%
• 10Y*: —

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

FUTY vs. FIVA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
FUTY Fidelity MSCI Utilities Index ETF	2.65%	16.40%	23.20%	-7.46%	1.12%	17.53%	-0.80%	24.89%	9.03%
FIVA Fidelity International Value Factor ETF	11.65%	45.83%	2.53%	20.38%	-10.37%	15.90%	-1.78%	19.78%	-18.62%

Correlation

The correlation between FUTY and FIVA is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.26
Correlation (3Y) Calculated over the trailing 3-year period	0.33
Correlation (5Y) Calculated over the trailing 5-year period	0.36
Correlation (All Time) Calculated using the full available price history since Jan 18, 2018	0.32

The correlation between FUTY and FIVA shifts across timeframes, from 0.26 (1 year) to 0.36 (5 years), reflecting how their relationship changes across market environments.

FUTY vs. FIVA - Sectors Allocation Comparison

Sectors	FUTY	FIVA
Utilities	99.2%	3.9%
Energy	0.5%	6.1%
Industrials	0.2%	19.3%
Basic Materials	-	7.8%
Communication Services	-	3.2%
Consumer Cyclical	-	6.8%
Consumer Defensive	-	5.6%
Financial Services	-	25.5%
Healthcare	-	8.6%
Real Estate	-	1.8%
Technology	-	11.4%

Return for Risk

FUTY vs. FIVA — Risk / Return Rank

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

FUTY

FUTY Risk / Return Rank: 23
FUTY Sharpe Ratio Rank: 23
FUTY Sortino Ratio Rank: 22
FUTY Omega Ratio Rank: 22
FUTY Calmar Ratio Rank: 27
FUTY Martin Ratio Rank: 22

FIVA

FIVA Risk / Return Rank: 71
FIVA Sharpe Ratio Rank: 75
FIVA Sortino Ratio Rank: 75
FIVA Omega Ratio Rank: 72
FIVA Calmar Ratio Rank: 64
FIVA Martin Ratio Rank: 68

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. FIVA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity MSCI Utilities Index ETF (FUTY) and Fidelity International Value Factor ETF (FIVA). 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	FIVA	Difference
Sharpe ratio: Return per unit of total volatility	0.74	2.18	-1.44
Sortino ratio: Return per unit of downside risk	1.08	3.01	-1.92
Omega ratio: Gain probability vs. loss probability	1.13	1.38	-0.25
Calmar ratio: Return relative to maximum drawdown	1.19	2.89	-1.69
Martin ratio: Return relative to average drawdown	2.64	11.27	-8.62
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. FIVA - Sharpe Ratio Comparison

The current FUTY Sharpe Ratio is 0.74, which is lower than the FIVA Sharpe Ratio of 2.18. The chart below compares the historical Sharpe Ratios of FUTY and FIVA, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FUTY	FIVA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.74	2.18	-1.44
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.53	0.75	-0.22
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.47	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.55	0.48	+0.07

Drawdowns

FUTY vs. FIVA - Drawdown Comparison

The maximum FUTY drawdown since its inception was -36.44%, smaller than the maximum FIVA drawdown of -39.76%. Use the drawdown chart below to compare losses from any high point for FUTY and FIVA.

Drawdown Indicators

	FUTY	FIVA	Difference
Max Drawdown Largest peak-to-trough decline	-36.44%	-39.76%	+3.32%
Max Drawdown (1Y) Largest decline over 1 year	-8.93%	-11.71%	+2.78%
Max Drawdown (3Y) Largest decline over 3 years	-17.35%	-14.77%	-2.58%
Max Drawdown (5Y) Largest decline over 5 years	-25.11%	-28.70%	+3.59%
Max Drawdown (10Y) Largest decline over 10 years	-36.44%	—	—
Current Drawdown Current decline from peak	-7.74%	-1.89%	-5.85%
Average Drawdown Average peak-to-trough decline	-6.03%	-7.77%	+1.74%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.03%	3.00%	+1.03%

Volatility

FUTY vs. FIVA - Volatility Comparison

Fidelity MSCI Utilities Index ETF (FUTY) has a higher volatility of 5.64% compared to Fidelity International Value Factor ETF (FIVA) at 4.87%. This indicates that FUTY's price experiences larger fluctuations and is considered to be riskier than FIVA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FUTY	FIVA	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.64%	4.87%	+0.77%
Volatility (6M) Calculated over the trailing 6-month period	11.56%	12.80%	-1.24%
Volatility (1Y) Calculated over the trailing 1-year period	14.40%	15.51%	-1.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.10%	16.39%	+0.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.06%	17.92%	+1.14%

FUTY vs. FIVA - Expense Ratio Comparison

FUTY has a 0.08% expense ratio, which is lower than FIVA's 0.39% expense ratio.

Dividends

FUTY vs. FIVA - Dividend Comparison

FUTY's dividend yield for the trailing twelve months is around 2.63%, more than FIVA's 2.55% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FIVA Fidelity International Value Factor ETF	2.55%	2.68%	3.52%	3.63%	3.62%	3.76%	2.46%	3.61%	3.28%	0.00%	0.00%	0.00%
FUTY Fidelity MSCI Utilities Index ETF	2.63%	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 FIVA in my portfolio?

FUTY and FIVA have a correlation of 0.26, 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 FIVA?

FUTY has higher volatility (5.64%) compared to FIVA (4.87%). In terms of maximum drawdown, FUTY dropped -36.44% vs FIVA's -39.76%.

Which ETF is better, FUTY or FIVA?

On 5-year performance, FIVA leads with 12.17% vs 8.95% for FUTY. On fees, FUTY is cheaper at 0.08% per year. On volatility, FIVA has been the lower-risk option at 4.87%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FUTY or FIVA?

Over the 5-year period, FIVA has performed better with a 12.17% return vs 8.95%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FUTY or FIVA?

FUTY is cheaper with a 0.08% expense ratio, compared with 0.39% for FIVA.

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

FUTY has the higher dividend yield at 2.63%, compared with 2.55% for FIVA.

What is the main difference between FUTY and FIVA?

FUTY is categorized as Utilities Equities, while FIVA is Foreign Large Cap Equities. FUTY tracks MSCI USA IMI Utilities Index, while FIVA tracks Fidelity® International Value Factor Index. Their fees differ too: 0.08% for FUTY and 0.39% for FIVA.

Which has better risk-adjusted returns?

FIVA currently has the higher Sharpe Ratio (2.18 vs 0.74), 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.