FUTY vs. VHT
Compare and contrast key facts about Fidelity MSCI Utilities Index ETF (FUTY) and Vanguard Health Care ETF (VHT).
FUTY and VHT 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. VHT is a passively managed fund by Vanguard that tracks the performance of the MSCI US Investable Market Health Care 25/50 Index. It was launched on Jan 26, 2004. Both FUTY and VHT 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 VHT.
Key characteristics
| FUTY | VHT | |
|---|---|---|
| YTD Return | 26.82% | 9.74% |
| 1Y Return | 36.75% | 20.17% |
| 3Y Return (Ann) | 8.60% | 3.17% |
| 5Y Return (Ann) | 7.57% | 10.43% |
| 10Y Return (Ann) | 9.15% | 9.90% |
| Sharpe Ratio | 2.21 | 1.93 |
| Sortino Ratio | 3.08 | 2.69 |
| Omega Ratio | 1.39 | 1.35 |
| Calmar Ratio | 1.67 | 1.75 |
| Martin Ratio | 11.26 | 8.79 |
| Ulcer Index | 3.13% | 2.39% |
| Daily Std Dev | 15.90% | 10.87% |
| Max Drawdown | -36.44% | -39.12% |
| Current Drawdown | -4.19% | -5.14% |
Correlation
The correlation between FUTY and VHT is 0.39, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
FUTY vs. VHT - Performance Comparison
In the year-to-date period, FUTY achieves a 26.82% return, which is significantly higher than VHT's 9.74% return. Over the past 10 years, FUTY has underperformed VHT with an annualized return of 9.15%, while VHT has yielded a comparatively higher 9.90% 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. VHT - Expense Ratio Comparison
FUTY has a 0.08% expense ratio, which is lower than VHT's 0.10% 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. VHT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity MSCI Utilities Index ETF (FUTY) and Vanguard Health Care ETF (VHT). 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. VHT - Dividend Comparison
FUTY's dividend yield for the trailing twelve months is around 2.76%, more than VHT's 1.41% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FUTY Fidelity MSCI Utilities Index ETF | 2.76% | 3.31% | 2.72% | 2.70% | 3.07% | 2.82% | 3.11% | 3.03% | 3.35% | 4.33% | 3.04% | 0.86% |
VHT Vanguard Health Care ETF | 1.41% | 1.36% | 1.33% | 1.14% | 1.21% | 1.89% | 1.38% | 1.31% | 1.45% | 1.22% | 1.02% | 1.12% |
Drawdowns
FUTY vs. VHT - Drawdown Comparison
The maximum FUTY drawdown since its inception was -36.44%, smaller than the maximum VHT drawdown of -39.12%. Use the drawdown chart below to compare losses from any high point for FUTY and VHT. For additional features, visit the drawdowns tool.
Volatility
FUTY vs. VHT - Volatility Comparison
Fidelity MSCI Utilities Index ETF (FUTY) has a higher volatility of 5.39% compared to Vanguard Health Care ETF (VHT) at 3.19%. This indicates that FUTY's price experiences larger fluctuations and is considered to be riskier than VHT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.