FUTY vs SPY
Fidelity MSCI Utilities Index ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, FUTY or SPY?
Mid Cap Value against Large Cap Blend.
FUTY has a lower expense ratio. SPY led over 1Y, 3Y, 5Y and the full window. SPY is less concentrated, with 38.0% of the fund in its ten largest positions against 52.5%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | FUTY | SPY |
|---|---|---|
| Expense Ratio | 0.08%Best | 0.09% |
| AUM | $2.3B | $804.7B |
| Dividend Yield | 2.74% | 0.98% |
| Holdings | 66 | 505 |
| YTD Return | -0.37% | +11.52%Best |
| 1Y Return | +3.19% | +17.48%Best |
| 3Y Return (annualized) | +13.73% | +20.62%Best |
| 5Y Return (annualized) | +7.60% | +12.73%Best |
| Volatility (annualized) | 14.7% | 14.5%Best |
| Max Drawdown | -37.1% | -34.1%Best |
| $10,000 over 5 years | $14,423 | $18,205Best |
| Top 10 Weight | 52.5% | 38.0%Best |
| Fund Family | Fidelity Investments (US) | State Street Investment Management |
| Category | Equity | Equity |
| Style | Mid Cap Value | Large Cap Blend |
| Inception | Oct 21, 2013 | Jan 22, 1993 |
Volatility and max drawdown are measured over the window both funds cover: Oct 24, 2013 to Sep 10, 2026 (12.9 years).
FUTY vs SPY growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 12.9 years both funds cover.
FUTY vs SPY Performance
Fidelity MSCI Utilities Index ETF (FUTY) is an ETF from Fidelity Investments (US) and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year FUTY returned +3.19% while SPY returned +17.48%. Year to date, FUTY is down 0.37% versus a gain of 11.52% for SPY.
Over three years, FUTY compounded at +13.73% per year against +20.62% for SPY; over five years the annualized figures are +7.60% and +12.73% respectively. Across the full 13-year window we track, SPY has the edge at +12.69% annualized vs +7.56%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FUTY has been the more volatile fund, with annualized monthly volatility of 14.7% compared with 14.5% for SPY. 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 -34.1% for SPY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.46. They move together some of the time, and apart the rest.
Fees and Cost Over Time
FUTY charges 0.08% per year while SPY charges 0.09%. On a $10,000 position that is $8 vs $9 annually, a gap of $1 per year that compounds over a long holding period. On income, FUTY currently yields 2.74% against 0.98% for SPY.
Holdings Overlap
89.4% of FUTY's money is in holdings SPY also owns. 2.1% of SPY's money is in holdings FUTY also owns.
Most of FUTY is already inside SPY. Owning both mostly buys the same companies twice.
31 positions in common, counted across the 63 positions we hold weights for in FUTY and 504 in SPY, against full books of 66 and 505.
What only one of them owns
Measured across the 63 and 504 positions we hold weights for.
SPY holds 463 positions FUTY does not, 97.4% of the fund.
Largest: NVDA 7.71%, AAPL 6.83%, MSFT 5.50%, AMZN 4.08%, GOOGL 3.33%
Top Shared Holdings
| Stock | Weight in FUTY | Weight in SPY | Difference |
|---|---|---|---|
| NEENextera Energy Inc. | 11.69% | 0.27% | 11.42% |
| SOSouthern Co. | 6.75% | 0.16% | 6.59% |
| DUKDuke Energy Corp. | 6.36% | 0.15% | 6.21% |
| CEGConstellation Energy Corp | 5.84% | 0.13% | 5.71% |
| AEPAmerican Electric Power Co. Inc. | 4.53% | 0.10% | 4.43% |
| DDominion Energy Inc. | 3.95% | 0.09% | 3.86% |
| SRESempra Common Stock | 3.63% | 0.09% | 3.54% |
| ETREntergy Corp. | 3.38% | 0.07% | 3.31% |
| XELXcel Energy Inc. | 3.22% | 0.07% | 3.15% |
| VSTVistra Energy Corp. | 3.15% | 0.07% | 3.08% |
89.4% of FUTY is already inside SPY.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, FUTY or SPY?
FUTY has an expense ratio of 0.08% while SPY charges 0.09%. FUTY is the cheaper option, by $1 a year on a $10,000 investment.
Which performed better, FUTY or SPY?
Over the past year FUTY returned +3.19% vs +17.48% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (13 years), FUTY annualized +7.56% vs +12.69% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FUTY or SPY?
FUTY has been the more volatile fund at 14.7% annualized versus 14.5% for SPY. Worst drawdown: FUTY -37.1% vs SPY -34.1%.
Should I hold both FUTY and SPY?
FUTY and SPY have a monthly-return correlation of 0.46, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between FUTY and SPY?
89.4% of FUTY's money is in holdings SPY also owns. 2.1% of SPY's is in holdings FUTY also owns. They hold 31 positions in common, counted across the 63 positions we hold weights for in FUTY and 504 in SPY.
Which pays a higher dividend, FUTY or SPY?
FUTY yields 2.74% while SPY yields 0.98%, so FUTY currently pays the higher dividend yield.
Is SPY better than FUTY?
FUTY has a lower expense ratio. SPY led over 1Y, 3Y, 5Y and the full window. SPY is less concentrated, with 38.0% of the fund in its ten largest positions against 52.5%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.