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Fidelity MSCI Utilities Index ETF (FUTY) Sharpe Ratio: 0.73

ETF · Currency in USD · Last updated Jun 3, 2026

FUTY is a passive ETF by Fidelity tracking the investment results of the MSCI USA IMI Utilities Index. FUTY launched on Oct 21, 2013 and has a 0.08% expense ratio.

FUTY's Sharpe Ratio of 0.73 indicates that for each unit of volatility, it generates 0.73 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Jun 3, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets.

FUTY Sharpe Ratio Rank

FUTY Sharpe Ratio Rank: 21.722
Below Average

FUTY ranks above 21.7% of all investments in our database based on Sharpe Ratio over the past 12 months, indicating below-average returns relative to volatility. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

  • Strong returns with low total volatility → Higher rank
  • High volatility (both upside and downside) → Lower rank
  • Consistent returns → Higher rank than volatile returns of same magnitude
  • Sharp drawdowns increase volatility → Lower rank

What you can do with this information

  • Returns may not adequately compensate for volatility taken
  • Consider smaller allocation given below-average risk-adjusted profile
  • Explore higher-ranked investments with better consistency
  • Assess whether the volatility profile aligns with your portfolio goals

FUTY Sharpe Ratio Market Positioning

The chart shows FUTY's Sharpe Ratio relative to all ETFs on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

  • Red zone (bottom 25%): 0.90 or lower
  • Yellow zone (middle 50%): 0.90 to 2.51
  • Green zone (top 25%): 2.51 or higher
  • Top 1%: 7.86+
  • Median: 1.77 — half of all investments score higher

How it compares to other similar ETFs

The table compares Fidelity MSCI Utilities Index ETF's Sharpe Ratio with other ETFs in the Utilities Equities category across multiple time periods, showing how FUTY's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Jun 3, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
ELFYALPS Electrification Infrastructure ETF2.69
ZAPGlobal X U.S. Electrification ETF2.04
PAVEGlobal X US Infrastructure Development ETF2.04
ECLNFirst Trust EIP Carbon Impact ETF1.86
POWRiShares U.S. Power Infrastructure ETF1.83
PSCUInvesco S&P SmallCap Utilities & Communication Services ETF1.45
GIISPDR S&P Global Infrastructure ETF1.43
NFRAFlexShares STOXX Global Broad Infrastructure Index Fund1.41
JXIiShares Global Utilities ETF1.21
FXUFirst Trust Utilities AlphaDEX Fund1.04
FUTYFidelity MSCI Utilities Index ETF0.73

S&P 500 Index

How to choose period

Historical Sharpe Ratio

The chart shows FUTY's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when FUTY consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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Sharpe Ratio Calculator

How does FUTY fit in your portfolio?

Add your other holdings to see your portfolio's Sharpe Ratio and find out.

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