FUTY vs. AAPL
FUTY (Fidelity MSCI Utilities Index ETF) is Utilities Equities fund tracking the MSCI USA IMI Utilities Index, while AAPL (Apple Inc) is a stock. Over the past 10 years, FUTY returned 9.07%/yr vs 29.36%/yr for AAPL. At a 0.20 correlation, their price movements are largely independent.
Performance
FUTY vs. AAPL - Performance Comparison
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Returns By Period
In the year-to-date period, FUTY achieves a 4.88% return, which is significantly lower than AAPL's 7.29% return. Over the past 10 years, FUTY has underperformed AAPL with an annualized return of 9.07%, while AAPL has yielded a comparatively higher 29.36% annualized return.
FUTY
- 1D
- 1.14%
- 1M
- -0.35%
- YTD
- 4.88%
- 6M
- 5.07%
- 1Y
- 11.80%
- 3Y*
- 13.69%
- 5Y*
- 9.19%
- 10Y*
- 9.07%
AAPL
- 1D
- -1.52%
- 1M
- -2.59%
- YTD
- 7.29%
- 6M
- 4.81%
- 1Y
- 46.73%
- 3Y*
- 17.21%
- 5Y*
- 18.59%
- 10Y*
- 29.36%
FUTY vs. AAPL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FUTY Fidelity MSCI Utilities Index ETF | 4.88% | 16.40% | 23.20% | -7.46% | 1.12% | 17.53% | -0.80% | 24.89% | 4.36% | 12.52% |
AAPL Apple Inc | 7.29% | 9.05% | 30.71% | 49.01% | -26.40% | 34.65% | 82.31% | 88.96% | -5.39% | 48.46% |
Correlation
The correlation between FUTY and AAPL is 0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.07 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.21 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Oct 24, 2013 | 0.20 |
The correlation between FUTY and AAPL shifts across timeframes, from 0.02 (1 year) to 0.21 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
FUTY vs. AAPL — Risk / Return Rank
FUTY
AAPL
FUTY vs. AAPL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity MSCI Utilities Index ETF (FUTY) and Apple Inc (AAPL). 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.
| FUTY | AAPL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.25 | ||
| Sortino ratioReturn per unit of downside risk | -1.74 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.38 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | 1.33 | 3.40 | -2.08 |
| Martin ratioReturn relative to average drawdown | 2.88 | 8.47 | -5.59 |
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Drawdowns
FUTY vs. AAPL - Drawdown Comparison
The maximum FUTY drawdown since its inception was -36.44%, smaller than the maximum AAPL drawdown of -81.80%. Use the drawdown chart below to compare losses from any high point for FUTY and AAPL.
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Drawdown Indicators
| FUTY | AAPL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.44% | -81.80% | +45.36% |
Max Drawdown (1Y)Largest decline over 1 year | -8.93% | -13.80% | +4.87% |
Max Drawdown (3Y)Largest decline over 3 years | -17.35% | -33.36% | +16.01% |
Max Drawdown (5Y)Largest decline over 5 years | -25.11% | -33.36% | +8.25% |
Max Drawdown (10Y)Largest decline over 10 years | -36.44% | -38.52% | +2.08% |
Current DrawdownCurrent decline from peak | -5.74% | -7.64% | +1.90% |
Average DrawdownAverage peak-to-trough decline | -6.03% | -29.59% | +23.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.11% | 5.53% | -1.42% |
Volatility
FUTY vs. AAPL - Volatility Comparison
The current volatility for Fidelity MSCI Utilities Index ETF (FUTY) is 5.63%, while Apple Inc (AAPL) has a volatility of 6.73%. This indicates that FUTY experiences smaller price fluctuations and is considered to be less risky than AAPL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FUTY | AAPL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.63% | 6.73% | -1.10% |
Volatility (6M)Calculated over the trailing 6-month period | 11.54% | 16.53% | -4.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.43% | 22.64% | -8.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.10% | 27.52% | -10.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.06% | 28.92% | -9.86% |
Dividends
FUTY vs. AAPL - Dividend Comparison
FUTY's dividend yield for the trailing twelve months is around 2.57%, more than AAPL's 0.36% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AAPL Apple Inc | 0.36% | 0.38% | 0.40% | 0.49% | 0.70% | 0.49% | 0.61% | 1.04% | 1.79% | 1.45% | 1.93% | 1.93% |
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
FUTY and AAPL have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AAPL has higher volatility (6.73%) compared to FUTY (5.63%). In terms of maximum drawdown, FUTY dropped -36.44% vs AAPL's -81.80%.
AAPL currently has the higher Sharpe Ratio (2.07 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.
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