FUTY vs. FMAT
Compare and contrast key facts about Fidelity MSCI Utilities Index ETF (FUTY) and Fidelity MSCI Materials Index ETF (FMAT).
FUTY and FMAT 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. FMAT is a passively managed fund by Fidelity that tracks the performance of the MSCI USA IMI Materials Index. It was launched on Oct 21, 2013. Both FUTY and FMAT are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FUTY or FMAT.
Correlation
The correlation between FUTY and FMAT is 0.41, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
FUTY vs. FMAT - Performance Comparison
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Key characteristics
FUTY:
0.84
FMAT:
-0.26
FUTY:
1.24
FMAT:
-0.23
FUTY:
1.16
FMAT:
0.97
FUTY:
1.42
FMAT:
-0.22
FUTY:
3.52
FMAT:
-0.65
FUTY:
4.07%
FMAT:
7.87%
FUTY:
16.81%
FMAT:
20.20%
FUTY:
-36.44%
FMAT:
-41.11%
FUTY:
-2.91%
FMAT:
-11.59%
Returns By Period
In the year-to-date period, FUTY achieves a 5.51% return, which is significantly higher than FMAT's 0.78% return. Over the past 10 years, FUTY has outperformed FMAT with an annualized return of 9.40%, while FMAT has yielded a comparatively lower 7.16% annualized return.
FUTY
5.51%
1.65%
2.73%
14.08%
10.99%
9.40%
FMAT
0.78%
5.09%
-8.11%
-5.30%
13.80%
7.16%
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FUTY vs. FMAT - Expense Ratio Comparison
Both FUTY and FMAT have an expense ratio of 0.08%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Risk-Adjusted Performance
FUTY vs. FMAT — Risk-Adjusted Performance Rank
FUTY
FMAT
FUTY vs. FMAT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity MSCI Utilities Index ETF (FUTY) and Fidelity MSCI Materials Index ETF (FMAT). 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.
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Dividends
FUTY vs. FMAT - Dividend Comparison
FUTY's dividend yield for the trailing twelve months is around 2.81%, more than FMAT's 1.70% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FUTY Fidelity MSCI Utilities Index ETF | 2.81% | 2.96% | 3.31% | 2.72% | 2.70% | 3.07% | 2.82% | 3.11% | 3.03% | 3.35% | 4.33% | 3.04% |
FMAT Fidelity MSCI Materials Index ETF | 1.70% | 1.68% | 1.71% | 2.00% | 1.44% | 1.73% | 1.89% | 2.18% | 1.53% | 1.78% | 2.16% | 1.65% |
Drawdowns
FUTY vs. FMAT - Drawdown Comparison
The maximum FUTY drawdown since its inception was -36.44%, smaller than the maximum FMAT drawdown of -41.11%. Use the drawdown chart below to compare losses from any high point for FUTY and FMAT. For additional features, visit the drawdowns tool.
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Volatility
FUTY vs. FMAT - Volatility Comparison
The current volatility for Fidelity MSCI Utilities Index ETF (FUTY) is 4.51%, while Fidelity MSCI Materials Index ETF (FMAT) has a volatility of 5.34%. This indicates that FUTY experiences smaller price fluctuations and is considered to be less risky than FMAT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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