FUTY vs. FTEC

Last updated Jun 4, 2026

FUTY (Fidelity MSCI Utilities Index ETF) and FTEC (Fidelity MSCI Information Technology Index ETF) are both exchange-traded funds - FUTY is a Utilities Equities fund tracking the MSCI USA IMI Utilities Index, while FTEC is a Technology Equities fund tracking the MSCI USA IMI Information Technology 25/50 Index. Both are passively managed. Over the past 10 years, FUTY returned 9.03%/yr vs 25.57%/yr for FTEC. At a 0.25 correlation, their price movements are largely independent. Both charge a 0.08% expense ratio.

Performance

FUTY vs. FTEC - Performance Comparison

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

Returns By Period

In the year-to-date period, FUTY achieves a 3.16% return, which is significantly lower than FTEC's 31.89% return. Over the past 10 years, FUTY has underperformed FTEC with an annualized return of 9.03%, while FTEC has yielded a comparatively higher 25.57% annualized return.

FUTY

• 1D: -0.60%
• 1M: -5.43%
• YTD: 3.16%
• 6M: 1.20%
• 1Y: 9.52%
• 3Y*: 13.62%
• 5Y*: 9.13%
• 10Y*: 9.03%

FTEC

• 1D: -1.49%
• 1M: 18.21%
• YTD: 31.89%
• 6M: 30.74%
• 1Y: 60.87%
• 3Y*: 33.93%
• 5Y*: 22.49%
• 10Y*: 25.57%

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

FUTY vs. FTEC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FUTY Fidelity MSCI Utilities Index ETF	3.16%	16.40%	23.20%	-7.46%	1.12%	17.53%	-0.80%	24.89%	4.36%	12.52%
FTEC Fidelity MSCI Information Technology Index ETF	31.89%	22.11%	29.40%	53.30%	-29.59%	30.49%	45.83%	48.93%	-0.39%	36.83%

Correlation

The correlation between FUTY and FTEC is 0.09, 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	0.09
Correlation (3Y) Calculated over the trailing 3-year period	0.10
Correlation (5Y) Calculated over the trailing 5-year period	0.22
Correlation (10Y) Calculated over the trailing 10-year period	0.22
Correlation (All Time) Calculated using the full available price history since Oct 25, 2013	0.25

The correlation between FUTY and FTEC shifts across timeframes, from 0.09 (1 year) to 0.25 (all time), reflecting how their relationship changes across market environments.

FUTY vs. FTEC - Sectors Allocation Comparison

Sectors	FUTY	FTEC
Utilities	99.2%	-
Energy	0.5%	0.4%
Industrials	0.2%	0.6%
Basic Materials	-	-
Communication Services	-	0.0%
Consumer Cyclical	-	0.0%
Consumer Defensive	-	-
Financial Services	-	0.6%
Healthcare	-	-
Real Estate	-	-
Technology	-	98.0%

Return for Risk

FUTY vs. FTEC — Risk / Return Rank

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

FUTY

FUTY Risk / Return Rank: 20
FUTY Sharpe Ratio Rank: 20
FUTY Sortino Ratio Rank: 18
FUTY Omega Ratio Rank: 19
FUTY Calmar Ratio Rank: 23
FUTY Martin Ratio Rank: 20

FTEC

FTEC Risk / Return Rank: 77
FTEC Sharpe Ratio Rank: 87
FTEC Sortino Ratio Rank: 80
FTEC Omega Ratio Rank: 78
FTEC Calmar Ratio Rank: 73
FTEC Martin Ratio Rank: 65

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. FTEC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity MSCI Utilities Index ETF (FUTY) and Fidelity MSCI Information Technology Index ETF (FTEC). 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	FTEC	Difference
Sharpe ratio Return per unit of total volatility	0.67	2.97	-2.30
Sortino ratio Return per unit of downside risk	0.99	3.65	-2.66
Omega ratio Gain probability vs. loss probability	1.12	1.48	-0.36
Calmar ratio Return relative to maximum drawdown	1.07	3.76	-2.69
Martin ratio Return relative to average drawdown	2.41	12.10	-9.69
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. FTEC - Sharpe Ratio Comparison

The current FUTY Sharpe Ratio is 0.67, which is lower than the FTEC Sharpe Ratio of 2.97. The chart below compares the historical Sharpe Ratios of FUTY and FTEC, 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	FTEC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.67	2.97	-2.30
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.54	0.90	-0.36
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.48	1.04	-0.56
Sharpe Ratio (All Time) Calculated using the full available price history	0.55	0.99	-0.43

Drawdowns

FUTY vs. FTEC - Drawdown Comparison

The maximum FUTY drawdown since its inception was -36.44%, roughly equal to the maximum FTEC drawdown of -34.95%. Use the drawdown chart below to compare losses from any high point for FUTY and FTEC.

Drawdown Indicators

	FUTY	FTEC	Difference
Max Drawdown Largest peak-to-trough decline	-36.44%	-34.95%	-1.49%
Max Drawdown (1Y) Largest decline over 1 year	-8.93%	-16.26%	+7.33%
Max Drawdown (3Y) Largest decline over 3 years	-17.35%	-27.30%	+9.95%
Max Drawdown (5Y) Largest decline over 5 years	-25.11%	-34.95%	+9.84%
Max Drawdown (10Y) Largest decline over 10 years	-36.44%	-34.95%	-1.49%
Current Drawdown Current decline from peak	-7.28%	-1.49%	-5.79%
Average Drawdown Average peak-to-trough decline	-6.03%	-5.56%	-0.47%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.97%	5.05%	-1.08%

Volatility

FUTY vs. FTEC - Volatility Comparison

The current volatility for Fidelity MSCI Utilities Index ETF (FUTY) is 5.45%, while Fidelity MSCI Information Technology Index ETF (FTEC) has a volatility of 6.43%. This indicates that FUTY experiences smaller price fluctuations and is considered to be less risky than FTEC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FUTY	FTEC	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.45%	6.43%	-0.98%
Volatility (6M) Calculated over the trailing 6-month period	11.40%	16.14%	-4.74%
Volatility (1Y) Calculated over the trailing 1-year period	14.33%	20.63%	-6.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.08%	25.23%	-8.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.05%	24.69%	-5.64%

FUTY vs. FTEC - Expense Ratio Comparison

Both FUTY and FTEC 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%.

Dividends

FUTY vs. FTEC - Dividend Comparison

FUTY's dividend yield for the trailing twelve months is around 2.61%, more than FTEC's 0.32% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FTEC Fidelity MSCI Information Technology Index ETF	0.32%	0.43%	0.49%	0.77%	0.93%	0.63%	0.83%	1.03%	1.20%	0.96%	1.25%	1.27%
FUTY Fidelity MSCI Utilities Index ETF	2.61%	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 FTEC in my portfolio?

FUTY and FTEC have a correlation of 0.09, 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 FTEC?

FTEC has higher volatility (6.43%) compared to FUTY (5.45%). In terms of maximum drawdown, FUTY dropped -36.44% vs FTEC's -34.95%.

Which ETF is better, FUTY or FTEC?

On 10-year performance, FTEC leads with 25.57% vs 9.03% for FUTY. Both ETFs have the same 0.08% expense ratio. On volatility, FUTY has been the lower-risk option at 5.45%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FUTY or FTEC?

Over the 10-year period, FTEC has performed better with a 25.57% return vs 9.03%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FUTY or FTEC?

FUTY and FTEC have the same expense ratio: 0.08% per year.

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

FUTY has the higher dividend yield at 2.61%, compared with 0.32% for FTEC.

What is the main difference between FUTY and FTEC?

FUTY is categorized as Utilities Equities, while FTEC is Technology Equities. FUTY tracks MSCI USA IMI Utilities Index, while FTEC tracks MSCI USA IMI Information Technology 25/50 Index.

Which has better risk-adjusted returns?

FTEC currently has the higher Sharpe Ratio (2.97 vs 0.67), 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.