FSUTX vs. AIPO

Last updated Jun 4, 2026

FSUTX (Fidelity Select Utilities Portfolio) and AIPO (Defiance AI & Power Infrastructure ETF) are both funds - FSUTX is a Utilities Equities fund managed by Fidelity, while AIPO is a Technology Equities fund tracking the MarketVector™ US Listed AI and Power Infrastructure Index. A 0.58 correlation means they provide meaningful diversification when combined. FSUTX charges 0.74%/yr vs 0.69%/yr for AIPO.

Performance

FSUTX vs. AIPO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Select Utilities Portfolio (FSUTX) and Defiance AI & Power Infrastructure ETF (AIPO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FSUTX achieves a 4.36% return, which is significantly lower than AIPO's 52.03% return.

FSUTX

• 1D: 2.12%
• 1M: -5.86%
• YTD: 4.36%
• 6M: 2.10%
• 1Y: 13.09%
• 3Y*: 17.55%
• 5Y*: 12.96%
• 10Y*: 11.46%

AIPO

• 1D: -1.12%
• 1M: 6.63%
• YTD: 52.03%
• 6M: 45.92%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

FSUTX vs. AIPO - Yearly Performance Comparison

	2026 (YTD)	2025
FSUTX Fidelity Select Utilities Portfolio	4.36%	3.76%
AIPO Defiance AI & Power Infrastructure ETF	52.03%	8.68%

Correlation

The correlation between FSUTX and AIPO is 0.58, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 28, 2025	0.58

Return for Risk

FSUTX vs. AIPO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FSUTX

FSUTX Risk / Return Rank: 12
FSUTX Sharpe Ratio Rank: 11
FSUTX Sortino Ratio Rank: 10
FSUTX Omega Ratio Rank: 10
FSUTX Calmar Ratio Rank: 17
FSUTX Martin Ratio Rank: 12

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.

FSUTX vs. AIPO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Select Utilities Portfolio (FSUTX) and Defiance AI & Power Infrastructure ETF (AIPO). 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.

	FSUTX	AIPO	Difference
Sharpe ratio: Return per unit of total volatility	0.84	—	—
Sortino ratio: Return per unit of downside risk	1.22	—	—
Omega ratio: Gain probability vs. loss probability	1.15	—	—
Calmar ratio: Return relative to maximum drawdown	1.48	—	—
Martin ratio: Return relative to average drawdown	3.46	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	FSUTX	AIPO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.84	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.75	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.59	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.67	2.36	-1.68

Drawdowns

FSUTX vs. AIPO - Drawdown Comparison

The maximum FSUTX drawdown since its inception was -66.73%, which is greater than AIPO's maximum drawdown of -17.31%. Use the drawdown chart below to compare losses from any high point for FSUTX and AIPO.

Drawdown Indicators

	FSUTX	AIPO	Difference
Max Drawdown Largest peak-to-trough decline	-66.73%	-17.31%	-49.42%
Max Drawdown (1Y) Largest decline over 1 year	-9.21%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-15.20%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-20.15%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-37.61%	—	—
Current Drawdown Current decline from peak	-6.72%	-1.12%	-5.60%
Average Drawdown Average peak-to-trough decline	-11.26%	-4.38%	-6.88%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.93%	—	—

Volatility

Volatility by Period

	FSUTX	AIPO	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.02%	—	—
Volatility (6M) Calculated over the trailing 6-month period	13.25%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	16.29%	34.09%	-17.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.40%	34.09%	-16.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.39%	34.09%	-14.70%

FSUTX vs. AIPO - Expense Ratio Comparison

FSUTX has a 0.74% expense ratio, which is higher than AIPO's 0.69% expense ratio.

Dividends

FSUTX vs. AIPO - Dividend Comparison

FSUTX's dividend yield for the trailing twelve months is around 5.03%, more than AIPO's 0.01% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AIPO Defiance AI & Power Infrastructure ETF	0.01%	0.01%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
FSUTX Fidelity Select Utilities Portfolio	5.03%	6.61%	6.50%	3.52%	4.67%	2.68%	4.86%	2.29%	8.37%	5.61%	2.51%	4.47%

Frequently Asked Questions

Can I hold both FSUTX and AIPO in my portfolio?

FSUTX and AIPO have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.