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ETFs

Fidelity MSCI Utilities Index ETF

FUTY
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Oct 24 2013
Expense Ratio
0.08%
Type
US Equities
Fund Owner
Fidelity
Volume (1m avg. daily)
$10,557,124
AUM
$2,148,150,243
Associated Index
MSCI USA IMI Utilities 25/50 Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

NEE
NextEra Energy Inc
13.77%
DUK
Duke Energy Corp.
6.80%
SO
Southern Company
6.74%
AEP
American Electric Power Company Inc.
4.30%
SRE
Sempra Energy
4.25%
D
Dominion Energy Inc
4.23%
EXC
Exelon Corp.
3.81%
XEL
Xcel Energy, Inc.
3.35%
ED
Consolidated Edison, Inc.
3.11%
WEC
WEC Energy Group Inc
2.73%
Invest with FUTY

What is FUTY?

The ETF seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the MSCI USA IMI Utilities 25/50 Index.

ETFs related toFUTY

ETFs correlated to FUTY include VPU, XLU, UTSL

FUTY
Fidelity Covington Trust - Fidelity MSCI Utilities Index ETF
VPU
Vanguard Group, Inc. - Vanguard Utilities ETF
XLU
SSgA Active Trust - Utilities Select Sector SPDR ETF
UTSL
Direxion Shares ETF Trust - Direxion Daily Utilities Bull 3X Shares
IDU
BlackRock Institutional Trust Company N.A. - iShares U.S. Utilities ETF
RYU
Invesco Capital Management LLC - Invesco S&P 500 Equal Weight Utilities ETF
FXU
First Trust Exchange-Traded Fund III - First Trust Utilities AlphaDEX Fund
SPLV
Invesco Capital Management LLC - Invesco S&P 500 Low Volatility ETF
LVHD
Legg Mason ETF Investment Trust - Franklin U.S. Low Volatility High Dividend Index ETF
FVD
First Trust Exchange-Traded Fund III - First Trust Value Line Dividend Index Fund
TOLZ
ProShares Trust - ProShares DJ Brookfield Global Infrastructure ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toFUTY

#OPUS-8

Opus-8

Category

Opus

Risk Rating

Conservative

#OPUS-12

Opus-12

Category

Opus

Risk Rating

Moderate

Create your own algorithmic trading strategy with FUTY using Composer

FAQ

FUTY is a US Equities ETF. The ETF seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the MSCI USA IMI Utilities 25/50 Index.

FUTY tracks the MSCI USA IMI Utilities 25/50 Index.

No, FUTY is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, FUTY is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on FUTY is -0.0218%. This is the percent change in the value of FUTY over the most recent 1-month period. The 3-month return on FUTY is -0.0689%. This is the percent change in the value of FUTY over the most recent 3-month period.

The standard deviation of FUTY for the past year is 0.2146%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to FUTY include XLY, XLI, and XLE.

ETFs correlated to FUTY include VPU, XLU, and UTSL.

ETFs that are inversely correlated to FUTY include DRV, SRS, and REK.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.