FUTY vs. SPYV

Last updated Jun 13, 2026

FUTY (Fidelity MSCI Utilities Index ETF) and SPYV (SPDR Portfolio S&P 500 Value ETF) are both exchange-traded funds - FUTY is a Utilities Equities fund tracking the MSCI USA IMI Utilities Index, while SPYV is a S&P 500 fund tracking the S&P 500 Value Index. Both are passively managed. Over the past 10 years, FUTY returned 9.07%/yr vs 12.08%/yr for SPYV. At a 0.46 correlation, their price movements are largely independent. FUTY charges 0.08%/yr vs 0.04%/yr for SPYV.

Performance

FUTY vs. SPYV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity MSCI Utilities Index ETF (FUTY) and SPDR Portfolio S&P 500 Value ETF (SPYV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FUTY achieves a 4.88% return, which is significantly lower than SPYV's 8.25% return. Over the past 10 years, FUTY has underperformed SPYV with an annualized return of 9.07%, while SPYV has yielded a comparatively higher 12.08% annualized 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%

SPYV

• 1D: 0.69%
• 1M: 1.81%
• YTD: 8.25%
• 6M: 8.02%
• 1Y: 20.65%
• 3Y*: 15.13%
• 5Y*: 10.98%
• 10Y*: 12.08%

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

FUTY vs. SPYV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FUTY Fidelity MSCI Utilities Index ETF	4.88%	16.40%	23.20%	-7.46%	1.12%	17.53%	-0.80%	24.89%	4.36%	12.52%
SPYV SPDR Portfolio S&P 500 Value ETF	8.25%	13.18%	12.24%	22.20%	-5.28%	24.91%	1.38%	31.70%	-9.01%	15.40%

Correlation

The correlation between FUTY and SPYV is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.37
Correlation (3Y) Calculated over the trailing 3-year period	0.49
Correlation (5Y) Calculated over the trailing 5-year period	0.54
Correlation (10Y) Calculated over the trailing 10-year period	0.46
Correlation (All Time) Calculated using the full available price history since Oct 24, 2013	0.46

The correlation between FUTY and SPYV shifts across timeframes, from 0.37 (1 year) to 0.54 (5 years), reflecting how their relationship changes across market environments.

FUTY vs. SPYV - Sectors Allocation Comparison

Sectors	FUTY	SPYV
Utilities	99.2%	4.3%
Energy	0.5%	7.1%
Industrials	0.2%	10.8%
Basic Materials	-	3.4%
Communication Services	-	3.2%
Consumer Cyclical	-	11.2%
Consumer Defensive	-	9.1%
Financial Services	-	14.5%
Healthcare	-	11.6%
Real Estate	-	3.3%
Technology	-	21.5%

Return for Risk

FUTY vs. SPYV — Risk / Return Rank

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

FUTY

FUTY Risk / Return Rank: 26
FUTY Sharpe Ratio Rank: 26
FUTY Sortino Ratio Rank: 24
FUTY Omega Ratio Rank: 24
FUTY Calmar Ratio Rank: 30
FUTY Martin Ratio Rank: 24

SPYV

SPYV Risk / Return Rank: 75
SPYV Sharpe Ratio Rank: 75
SPYV Sortino Ratio Rank: 76
SPYV Omega Ratio Rank: 73
SPYV Calmar Ratio Rank: 75
SPYV Martin Ratio Rank: 77

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. SPYV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity MSCI Utilities Index ETF (FUTY) and SPDR Portfolio S&P 500 Value ETF (SPYV). 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	SPYV	Difference
Sharpe ratio: Return per unit of total volatility	0.82	2.08	-1.26
Sortino ratio: Return per unit of downside risk	1.19	2.92	-1.73
Omega ratio: Gain probability vs. loss probability	1.15	1.37	-0.22
Calmar ratio: Return relative to maximum drawdown	1.33	3.33	-2.01
Martin ratio: Return relative to average drawdown	2.88	12.73	-9.85

FUTY vs. SPYV - Sharpe Ratio Comparison

The current FUTY Sharpe Ratio is 0.82, which is lower than the SPYV Sharpe Ratio of 2.08. The chart below compares the historical Sharpe Ratios of FUTY and SPYV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FUTY vs. SPYV - Drawdown Comparison

The maximum FUTY drawdown since its inception was -36.44%, smaller than the maximum SPYV drawdown of -58.45%. Use the drawdown chart below to compare losses from any high point for FUTY and SPYV.

Drawdown Indicators

	FUTY	SPYV	Difference
Max Drawdown Largest peak-to-trough decline	-36.44%	-58.45%	+22.01%
Max Drawdown (1Y) Largest decline over 1 year	-8.93%	-6.22%	-2.71%
Max Drawdown (3Y) Largest decline over 3 years	-17.35%	-17.54%	+0.19%
Max Drawdown (5Y) Largest decline over 5 years	-25.11%	-17.89%	-7.22%
Max Drawdown (10Y) Largest decline over 10 years	-36.44%	-36.89%	+0.45%
Current Drawdown Current decline from peak	-5.74%	-0.18%	-5.56%
Average Drawdown Average peak-to-trough decline	-6.03%	-8.71%	+2.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.11%	1.63%	+2.48%

Volatility

FUTY vs. SPYV - Volatility Comparison

Fidelity MSCI Utilities Index ETF (FUTY) has a higher volatility of 5.63% compared to SPDR Portfolio S&P 500 Value ETF (SPYV) at 2.70%. This indicates that FUTY's price experiences larger fluctuations and is considered to be riskier than SPYV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FUTY	SPYV	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.63%	2.70%	+2.93%
Volatility (6M) Calculated over the trailing 6-month period	11.54%	7.26%	+4.28%
Volatility (1Y) Calculated over the trailing 1-year period	14.43%	9.97%	+4.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.10%	14.42%	+2.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.06%	16.94%	+2.12%

FUTY vs. SPYV - Expense Ratio Comparison

FUTY has a 0.08% expense ratio, which is higher than SPYV's 0.04% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

FUTY vs. SPYV - Dividend Comparison

FUTY's dividend yield for the trailing twelve months is around 2.57%, more than SPYV's 1.68% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
SPYV SPDR Portfolio S&P 500 Value ETF	1.68%	1.77%	2.29%	1.75%	2.22%	2.10%	2.38%	2.25%	2.97%	2.77%	2.39%	2.53%

Frequently Asked Questions

Can I hold both FUTY and SPYV in my portfolio?

FUTY and SPYV have a correlation of 0.37, 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 SPYV?

FUTY has higher volatility (5.63%) compared to SPYV (2.70%). In terms of maximum drawdown, FUTY dropped -36.44% vs SPYV's -58.45%.

Which ETF is better, FUTY or SPYV?

On 10-year performance, SPYV leads with 12.08% vs 9.07% for FUTY. On fees, SPYV is cheaper at 0.04% per year. On volatility, SPYV has been the lower-risk option at 2.70%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FUTY or SPYV?

Over the 10-year period, SPYV has performed better with a 12.08% return vs 9.07%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FUTY or SPYV?

SPYV is cheaper with a 0.04% expense ratio, compared with 0.08% for FUTY.

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

FUTY has the higher dividend yield at 2.57%, compared with 1.68% for SPYV.

What is the main difference between FUTY and SPYV?

FUTY is categorized as Utilities Equities, while SPYV is S&P 500. FUTY tracks MSCI USA IMI Utilities Index, while SPYV tracks S&P 500 Value Index. They also come from different issuers: Fidelity and State Street. Their fees differ too: 0.08% for FUTY and 0.04% for SPYV.

Which has better risk-adjusted returns?

SPYV currently has the higher Sharpe Ratio (2.08 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.