FUTY vs. XLP
Compare and contrast key facts about Fidelity MSCI Utilities Index ETF (FUTY) and Consumer Staples Select Sector SPDR Fund (XLP).
FUTY and XLP 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. XLP is a passively managed fund by State Street that tracks the performance of the Consumer Staples Select Sector Index. It was launched on Dec 16, 1998. Both FUTY and XLP 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 XLP.
Key characteristics
| FUTY | XLP | |
|---|---|---|
| YTD Return | 9.37% | 6.12% |
| 1Y Return | 3.50% | 2.13% |
| 3Y Return (Ann) | 4.08% | 5.57% |
| 5Y Return (Ann) | 6.06% | 8.60% |
| 10Y Return (Ann) | 8.26% | 8.51% |
| Sharpe Ratio | 0.25 | 0.18 |
| Daily Std Dev | 16.94% | 10.49% |
| Max Drawdown | -36.44% | -35.89% |
| Current Drawdown | -6.84% | -0.63% |
Correlation
The correlation between FUTY and XLP is 0.61, 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. XLP - Performance Comparison
In the year-to-date period, FUTY achieves a 9.37% return, which is significantly higher than XLP's 6.12% return. Both investments have delivered pretty close results over the past 10 years, with FUTY having a 8.26% annualized return and XLP not far ahead at 8.51%. 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. XLP - Expense Ratio Comparison
FUTY has a 0.08% expense ratio, which is lower than XLP's 0.13% 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. XLP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity MSCI Utilities Index ETF (FUTY) and Consumer Staples Select Sector SPDR Fund (XLP). 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. XLP - Dividend Comparison
FUTY's dividend yield for the trailing twelve months is around 3.11%, more than XLP's 2.77% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FUTY Fidelity MSCI Utilities Index ETF | 3.11% | 3.31% | 2.72% | 2.70% | 3.07% | 2.82% | 3.11% | 3.03% | 3.35% | 4.33% | 3.04% | 0.86% |
XLP Consumer Staples Select Sector SPDR Fund | 2.77% | 2.63% | 2.47% | 2.28% | 2.50% | 2.57% | 3.04% | 2.62% | 2.53% | 2.52% | 2.40% | 2.39% |
Drawdowns
FUTY vs. XLP - Drawdown Comparison
The maximum FUTY drawdown since its inception was -36.44%, roughly equal to the maximum XLP drawdown of -35.89%. Use the drawdown chart below to compare losses from any high point for FUTY and XLP. For additional features, visit the drawdowns tool.
Volatility
FUTY vs. XLP - Volatility Comparison
Fidelity MSCI Utilities Index ETF (FUTY) has a higher volatility of 4.66% compared to Consumer Staples Select Sector SPDR Fund (XLP) at 2.48%. This indicates that FUTY's price experiences larger fluctuations and is considered to be riskier than XLP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.