PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
FLGB vs. FUTY
Performance
Return for Risk
Drawdowns
Volatility
Dividends

FLGB vs. FUTY

Last updated Jun 14, 2026

FLGB (Franklin FTSE United Kingdom ETF) and FUTY (Fidelity MSCI Utilities Index ETF) are both exchange-traded funds - FLGB is a Europe Equities fund tracking the FTSE UK RIC Capped Index, while FUTY is a Utilities Equities fund tracking the MSCI USA IMI Utilities Index. Both are passively managed. Over the past 5 years, FLGB returned 10.82%/yr vs 9.19%/yr for FUTY. At a 0.35 correlation, their price movements are largely independent. FLGB charges 0.09%/yr vs 0.08%/yr for FUTY.

Performance

FLGB vs. FUTY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Franklin FTSE United Kingdom ETF (FLGB) and Fidelity MSCI Utilities Index ETF (FUTY). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, FLGB achieves a 6.90% return, which is significantly higher than FUTY's 4.88% return.

FLGB

1D
0.62%
1M
1.23%
YTD
6.90%
6M
10.66%
1Y
20.66%
3Y*
17.88%
5Y*
10.82%
10Y*
—

FUTY

1D
1.14%
1M
-0.88%
YTD
4.88%
6M
5.07%
1Y
12.59%
3Y*
13.69%
5Y*
9.19%
10Y*
9.07%
*Multi-year figures are annualized to reflect compound growth (CAGR)

FLGB vs. FUTY - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
FLGB
Franklin FTSE United Kingdom ETF		6.90%33.73%8.77%14.33%-6.00%17.14%-9.47%23.23%-11.60%1.12%
FUTY
Fidelity MSCI Utilities Index ETF		4.88%16.40%23.20%-7.46%1.12%17.53%-0.80%24.89%4.36%-3.28%

Correlation

The correlation between FLGB and FUTY is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.31

Correlation (3Y)
Calculated over the trailing 3-year period

0.41

Correlation (5Y)
Calculated over the trailing 5-year period

0.41

Correlation (All Time)
Calculated using the full available price history since Nov 6, 2017

0.35

FLGB vs. FUTY - Sectors Allocation Comparison

Sectors
FLGB
FUTY

Financial Services

25.6%

-

Consumer Defensive

14.2%

-

Healthcare

13.3%

-

Industrials

12.9%
0.2%

Energy

11.3%
0.5%

Basic Materials

8.7%

-

Utilities

4.9%
99.3%

Consumer Cyclical

4.8%

-

Communication Services

2.6%

-

Real Estate

0.8%

-

Technology

0.6%

-

Financial Services

FLGB
25.6%
FUTY

-

Consumer Defensive

FLGB
14.2%
FUTY

-

Healthcare

FLGB
13.3%
FUTY

-

Industrials

FLGB
12.9%
FUTY
0.2%

Energy

FLGB
11.3%
FUTY
0.5%

Basic Materials

FLGB
8.7%
FUTY

-

Utilities

FLGB
4.9%
FUTY
99.3%

Consumer Cyclical

FLGB
4.8%
FUTY

-

Communication Services

FLGB
2.6%
FUTY

-

Real Estate

FLGB
0.8%
FUTY

-

Technology

FLGB
0.6%
FUTY

-

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Franklin FTSE United Kingdom ETF

Fidelity MSCI Utilities Index ETF

Often compared with FLGB:
FLGB vs. EWUFLGB vs. FLAUFLGB vs. FLEEFLGB vs. IUKD.LFLGB vs. VFIAXFLGB vs. EUFNFLGB vs. HEDJ
Often compared with FUTY:
FUTY vs. VPUFUTY vs. XLUFUTY vs. FSUTXFUTY vs. UTESFUTY vs. FMATFUTY vs. VOOFUTY vs. SPLV

Return for Risk

FLGB vs. FUTY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
FLGB
FLGB Risk / Return Rank: 4444
Overall Rank
FLGB Sharpe Ratio Rank: 4444
Sharpe Ratio Rank
FLGB Sortino Ratio Rank: 4444
Sortino Ratio Rank
FLGB Omega Ratio Rank: 4242
Omega Ratio Rank
FLGB Calmar Ratio Rank: 4444
Calmar Ratio Rank
FLGB Martin Ratio Rank: 4747
Martin Ratio Rank
FUTY
FUTY Risk / Return Rank: 2626
Overall Rank
FUTY Sharpe Ratio Rank: 2626
Sharpe Ratio Rank
FUTY Sortino Ratio Rank: 2424
Sortino Ratio Rank
FUTY Omega Ratio Rank: 2424
Omega Ratio Rank
FUTY Calmar Ratio Rank: 3030
Calmar Ratio Rank
FUTY Martin Ratio Rank: 2424
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FLGB vs. FUTY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin FTSE United Kingdom ETF (FLGB) and Fidelity MSCI Utilities Index ETF (FUTY). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

FLGBFUTYDifference
Sharpe ratioReturn per unit of total volatility
1.36
0.82

+0.54

Sortino ratioReturn per unit of downside risk
1.97
1.19

+0.78

Omega ratioGain probability vs. loss probability

1.24

1.15

+0.10

Calmar ratioReturn relative to maximum drawdown

1.92

1.33

+0.59

Martin ratioReturn relative to average drawdown

6.84

2.88

+3.96

FLGB vs. FUTY - Sharpe Ratio Comparison

The current FLGB Sharpe Ratio is 1.36, which is higher than the FUTY Sharpe Ratio of 0.82. The chart below compares the historical Sharpe Ratios of FLGB and FUTY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Loading charts...

Drawdowns

FLGB vs. FUTY - Drawdown Comparison

The maximum FLGB drawdown since its inception was -42.61%, which is greater than FUTY's maximum drawdown of -36.44%. Use the drawdown chart below to compare losses from any high point for FLGB and FUTY.

Loading charts...

Drawdown Indicators

FLGBFUTYDifference

Max Drawdown

Largest peak-to-trough decline

-42.61%

-36.44%

-6.17%

Max Drawdown (1Y)

Largest decline over 1 year

-10.26%

-8.93%

-1.33%

Max Drawdown (3Y)

Largest decline over 3 years

-13.13%

-17.35%

+4.22%

Max Drawdown (5Y)

Largest decline over 5 years

-25.90%

-25.11%

-0.79%

Max Drawdown (10Y)

Largest decline over 10 years

—

-36.44%

—

Current Drawdown

Current decline from peak

-3.09%

-5.74%

+2.65%

Average Drawdown

Average peak-to-trough decline

-6.68%

-6.03%

-0.65%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.89%

4.11%

-1.22%

Volatility

FLGB vs. FUTY - Volatility Comparison

The current volatility for Franklin FTSE United Kingdom ETF (FLGB) is 5.27%, while Fidelity MSCI Utilities Index ETF (FUTY) has a volatility of 5.63%. This indicates that FLGB experiences smaller price fluctuations and is considered to be less risky than FUTY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

FLGBFUTYDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.27%

5.63%

-0.36%

Volatility (6M)

Calculated over the trailing 6-month period

12.30%

11.54%

+0.76%

Volatility (1Y)

Calculated over the trailing 1-year period

14.48%

14.43%

+0.05%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.67%

17.10%

-0.43%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.97%

19.06%

-0.09%

FLGB vs. FUTY - Expense Ratio Comparison

FLGB has a 0.09% expense ratio, which is higher than FUTY's 0.08% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

FLGB vs. FUTY - Dividend Comparison

FLGB's dividend yield for the trailing twelve months is around 3.27%, more than FUTY's 2.57% yield.

PositionTTM20252024202320222021202020192018201720162015
FLGB
Franklin FTSE United Kingdom ETF		3.27%3.50%4.42%3.95%4.23%2.93%2.67%4.30%3.92%0.43%0.00%0.00%
FUTY
Fidelity MSCI Utilities Index ETF		2.57%2.67%2.96%3.31%2.72%2.70%3.07%2.82%3.11%3.03%3.35%4.33%

Frequently Asked Questions

FLGB and FUTY have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

FUTY has higher volatility (5.63%) compared to FLGB (5.27%). In terms of maximum drawdown, FLGB dropped -42.61% vs FUTY's -36.44%.

On 5-year performance, FLGB leads with 10.82% vs 9.19% for FUTY. On fees, FUTY is cheaper at 0.08% per year. On volatility, FLGB has been the lower-risk option at 5.27%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, FLGB has performed better with a 10.82% return vs 9.19%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

FUTY is cheaper with a 0.08% expense ratio, compared with 0.09% for FLGB.

FLGB has the higher dividend yield at 3.27%, compared with 2.57% for FUTY.

FLGB is categorized as Europe Equities, while FUTY is Utilities Equities. FLGB tracks FTSE UK RIC Capped Index, while FUTY tracks MSCI USA IMI Utilities Index. They also come from different issuers: Franklin Templeton and Fidelity. Their fees differ too: 0.09% for FLGB and 0.08% for FUTY.

FLGB currently has the higher Sharpe Ratio (1.36 vs 0.82), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.

Portfolio Optimizer

Find the right allocation for FLGB and FUTY

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer