FUTY vs. SPLV
Compare and contrast key facts about Fidelity MSCI Utilities Index ETF (FUTY) and Invesco S&P 500® Low Volatility ETF (SPLV).
FUTY and SPLV 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. SPLV is a passively managed fund by Invesco that tracks the performance of the S&P 500 Low Volatility Index. It was launched on May 5, 2011. Both FUTY and SPLV 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 SPLV.
Key characteristics
| FUTY | SPLV | |
|---|---|---|
| YTD Return | 27.74% | 18.72% |
| 1Y Return | 36.60% | 25.70% |
| 3Y Return (Ann) | 8.91% | 6.82% |
| 5Y Return (Ann) | 7.98% | 7.46% |
| 10Y Return (Ann) | 8.90% | 9.36% |
| Sharpe Ratio | 2.19 | 2.72 |
| Sortino Ratio | 3.06 | 3.80 |
| Omega Ratio | 1.39 | 1.50 |
| Calmar Ratio | 1.66 | 2.22 |
| Martin Ratio | 11.22 | 18.20 |
| Ulcer Index | 3.11% | 1.38% |
| Daily Std Dev | 15.91% | 9.25% |
| Max Drawdown | -36.44% | -36.26% |
| Current Drawdown | -3.49% | 0.00% |
Correlation
The correlation between FUTY and SPLV is 0.74, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
FUTY vs. SPLV - Performance Comparison
In the year-to-date period, FUTY achieves a 27.74% return, which is significantly higher than SPLV's 18.72% return. Over the past 10 years, FUTY has underperformed SPLV with an annualized return of 8.90%, while SPLV has yielded a comparatively higher 9.36% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FUTY vs. SPLV - Expense Ratio Comparison
FUTY has a 0.08% expense ratio, which is lower than SPLV's 0.25% 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%.
Risk-Adjusted Performance
FUTY vs. SPLV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity MSCI Utilities Index ETF (FUTY) and Invesco S&P 500® Low Volatility ETF (SPLV). 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.
Dividends
FUTY vs. SPLV - Dividend Comparison
FUTY's dividend yield for the trailing twelve months is around 2.74%, more than SPLV's 1.89% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FUTY Fidelity MSCI Utilities Index ETF | 2.74% | 3.31% | 2.72% | 2.70% | 3.07% | 2.82% | 3.11% | 3.03% | 3.35% | 4.33% | 3.04% | 0.86% |
SPLV Invesco S&P 500® Low Volatility ETF | 1.89% | 2.45% | 2.11% | 1.50% | 2.13% | 2.08% | 2.17% | 2.03% | 2.03% | 2.28% | 2.20% | 2.60% |
Drawdowns
FUTY vs. SPLV - Drawdown Comparison
The maximum FUTY drawdown since its inception was -36.44%, roughly equal to the maximum SPLV drawdown of -36.26%. Use the drawdown chart below to compare losses from any high point for FUTY and SPLV. For additional features, visit the drawdowns tool.
Volatility
FUTY vs. SPLV - Volatility Comparison
Fidelity MSCI Utilities Index ETF (FUTY) has a higher volatility of 5.49% compared to Invesco S&P 500® Low Volatility ETF (SPLV) at 2.98%. This indicates that FUTY's price experiences larger fluctuations and is considered to be riskier than SPLV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.