FUTY vs. XLU
Compare and contrast key facts about Fidelity MSCI Utilities Index ETF (FUTY) and Utilities Select Sector SPDR Fund (XLU).
FUTY and XLU 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. XLU is a passively managed fund by State Street that tracks the performance of the Utilities Select Sector Index. It was launched on Dec 16, 1998. Both FUTY and XLU 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 XLU.
Key characteristics
| FUTY | XLU | |
|---|---|---|
| YTD Return | 26.54% | 26.60% |
| 1Y Return | 31.02% | 30.57% |
| 3Y Return (Ann) | 8.51% | 8.90% |
| 5Y Return (Ann) | 7.45% | 7.91% |
| 10Y Return (Ann) | 9.12% | 9.26% |
| Sharpe Ratio | 2.30 | 2.24 |
| Sortino Ratio | 3.19 | 3.09 |
| Omega Ratio | 1.40 | 1.39 |
| Calmar Ratio | 1.87 | 1.84 |
| Martin Ratio | 11.62 | 11.00 |
| Ulcer Index | 3.14% | 3.25% |
| Daily Std Dev | 15.86% | 15.99% |
| Max Drawdown | -36.44% | -52.27% |
| Current Drawdown | -4.40% | -4.70% |
Correlation
The correlation between FUTY and XLU is 0.99, 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. XLU - Performance Comparison
The year-to-date returns for both investments are quite close, with FUTY having a 26.54% return and XLU slightly higher at 26.60%. Both investments have delivered pretty close results over the past 10 years, with FUTY having a 9.12% annualized return and XLU not far ahead at 9.26%. 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. XLU - Expense Ratio Comparison
FUTY has a 0.08% expense ratio, which is lower than XLU'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. XLU - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity MSCI Utilities Index ETF (FUTY) and Utilities Select Sector SPDR Fund (XLU). 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. XLU - Dividend Comparison
FUTY's dividend yield for the trailing twelve months is around 2.76%, less than XLU's 2.82% 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% |
XLU Utilities Select Sector SPDR Fund | 2.82% | 3.39% | 2.92% | 2.79% | 3.14% | 2.95% | 3.33% | 3.33% | 3.42% | 3.67% | 3.19% | 3.86% |
Drawdowns
FUTY vs. XLU - Drawdown Comparison
The maximum FUTY drawdown since its inception was -36.44%, smaller than the maximum XLU drawdown of -52.27%. Use the drawdown chart below to compare losses from any high point for FUTY and XLU. For additional features, visit the drawdowns tool.
Volatility
FUTY vs. XLU - Volatility Comparison
Fidelity MSCI Utilities Index ETF (FUTY) and Utilities Select Sector SPDR Fund (XLU) have volatilities of 5.35% and 5.59%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.