FUTY vs IVV
Fidelity MSCI Utilities Index ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | FUTY | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.08% | 0.03% | |
| AUM | $2.3B | $907.0B | |
| Dividend Yield | 2.65% | 1.10% | |
| Holdings | 65 | 508 | |
| YTD Return | +0.25% | +12.71% | |
| 1Y Return | +2.81% | +21.89% | |
| 3Y Return (annualized) | +14.07% | +22.08% | |
| 5Y Return (annualized) | +7.55% | +12.96% | |
| Volatility (annualized) | 14.7% | 15.1% | |
| Max Drawdown | -37.1% | -56.5% | |
| Fund Family | Fidelity Investments (US) | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | Oct 21, 2013 | May 15, 2000 |
FUTY vs IVV Performance
Fidelity MSCI Utilities Index ETF (FUTY) is a ETF from Fidelity Investments (US) and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year FUTY returned +2.81% while IVV returned +21.89%. Year to date, FUTY is up 0.25% versus a gain of 12.71% for IVV.
Over three years, FUTY compounded at +14.07% per year against +22.08% for IVV; over five years the annualized figures are +7.55% and +12.96% respectively. Across the full 13-year window we track, FUTY has the edge at +7.64% annualized vs +7.00%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 14.7% for FUTY. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -37.1% for FUTY and -56.5% for IVV. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.47. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
FUTY charges 0.08% per year while IVV charges 0.03%. On a $10,000 position that is $8 vs $3 annually, a gap of $5 per year that compounds over a long holding period. On income, FUTY currently yields 2.65% against 1.10% for IVV.
Holdings Overlap
FUTY and IVV share 31 holdings out of 537 unique holdings combined, representing a 2.2% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, FUTY or IVV?
FUTY has an expense ratio of 0.08% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $5 per year of difference.
Which performed better, FUTY or IVV?
Over the past year FUTY returned +2.81% vs +21.89% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (13 years), FUTY annualized +7.64% vs +7.00% for IVV. Past performance does not guarantee future results.
Which is riskier, FUTY or IVV?
IVV has been the more volatile fund at 15.1% annualized versus 14.7% for FUTY. Worst drawdown: FUTY -37.1% vs IVV -56.5%.
Should I hold both FUTY and IVV?
FUTY and IVV have a monthly-return correlation of 0.47, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FUTY and IVV?
FUTY and IVV share 31 common holdings with a 2.2% weight overlap. Combined, they hold 537 unique securities.
Which pays a higher dividend, FUTY or IVV?
FUTY yields 2.65% while IVV yields 1.10%, so FUTY currently pays the higher dividend yield.
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