FUTY vs. ADP

Last updated Jun 13, 2026

FUTY (Fidelity MSCI Utilities Index ETF) is Utilities Equities fund tracking the MSCI USA IMI Utilities Index, while ADP (Automatic Data Processing, Inc.) is a stock. Over the past 10 years, FUTY returned 9.07%/yr vs 12.40%/yr for ADP. At a 0.38 correlation, their price movements are largely independent.

Performance

FUTY vs. ADP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity MSCI Utilities Index ETF (FUTY) and Automatic Data Processing, Inc. (ADP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FUTY achieves a 4.88% return, which is significantly higher than ADP's -10.66% return. Over the past 10 years, FUTY has underperformed ADP with an annualized return of 9.07%, while ADP has yielded a comparatively higher 12.40% 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%

ADP

• 1D: 0.96%
• 1M: 9.25%
• YTD: -10.66%
• 6M: -13.64%
• 1Y: -24.57%
• 3Y*: 3.25%
• 5Y*: 4.80%
• 10Y*: 12.40%

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

FUTY vs. ADP - 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%
ADP Automatic Data Processing, Inc.	-10.66%	-10.18%	28.41%	-0.25%	-1.29%	42.60%	5.86%	32.71%	14.25%	16.54%

Correlation

The correlation between FUTY and ADP is -0.01, 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	-0.01
Correlation (3Y) Calculated over the trailing 3-year period	0.20
Correlation (5Y) Calculated over the trailing 5-year period	0.37
Correlation (10Y) Calculated over the trailing 10-year period	0.38
Correlation (All Time) Calculated using the full available price history since Oct 24, 2013	0.38

The correlation between FUTY and ADP shifts across timeframes, from -0.01 (1 year) to 0.38 (all time), reflecting how their relationship changes across market environments.

Return for Risk

FUTY vs. ADP — Risk / Return Rank

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

FUTY

FUTY Risk / Return Rank: 26
FUTY Sharpe Ratio Rank: 26
FUTY Sortino Ratio Rank: 24
FUTY Omega Ratio Rank: 24
FUTY Calmar Ratio Rank: 30
FUTY Martin Ratio Rank: 24

ADP

ADP Risk / Return Rank: 11
ADP Sharpe Ratio Rank: 5
ADP Sortino Ratio Rank: 7
ADP Omega Ratio Rank: 8
ADP Calmar Ratio Rank: 19
ADP Martin Ratio Rank: 16

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.

FUTY vs. ADP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity MSCI Utilities Index ETF (FUTY) and Automatic Data Processing, Inc. (ADP). 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	ADP	Difference
Sharpe ratio: Return per unit of total volatility	0.82	-1.02	+1.84
Sortino ratio: Return per unit of downside risk	1.19	-1.41	+2.60
Omega ratio: Gain probability vs. loss probability	1.15	0.83	+0.32
Calmar ratio: Return relative to maximum drawdown	1.33	-0.65	+1.97
Martin ratio: Return relative to average drawdown	2.88	-1.21	+4.08

FUTY vs. ADP - Sharpe Ratio Comparison

The current FUTY Sharpe Ratio is 0.82, which is higher than the ADP Sharpe Ratio of -1.02. The chart below compares the historical Sharpe Ratios of FUTY and ADP, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FUTY vs. ADP - Drawdown Comparison

The maximum FUTY drawdown since its inception was -36.44%, smaller than the maximum ADP drawdown of -59.51%. Use the drawdown chart below to compare losses from any high point for FUTY and ADP.

Drawdown Indicators

	FUTY	ADP	Difference
Max Drawdown Largest peak-to-trough decline	-36.44%	-59.51%	+23.07%
Max Drawdown (1Y) Largest decline over 1 year	-8.93%	-38.16%	+29.23%
Max Drawdown (3Y) Largest decline over 3 years	-17.35%	-40.78%	+23.43%
Max Drawdown (5Y) Largest decline over 5 years	-25.11%	-40.78%	+15.67%
Max Drawdown (10Y) Largest decline over 10 years	-36.44%	-40.78%	+4.34%
Current Drawdown Current decline from peak	-5.74%	-28.50%	+22.76%
Average Drawdown Average peak-to-trough decline	-6.03%	-12.59%	+6.56%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.11%	20.40%	-16.29%

Volatility

FUTY vs. ADP - Volatility Comparison

The current volatility for Fidelity MSCI Utilities Index ETF (FUTY) is 5.63%, while Automatic Data Processing, Inc. (ADP) has a volatility of 9.18%. This indicates that FUTY experiences smaller price fluctuations and is considered to be less risky than ADP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FUTY	ADP	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.63%	9.18%	-3.55%
Volatility (6M) Calculated over the trailing 6-month period	11.54%	20.54%	-9.00%
Volatility (1Y) Calculated over the trailing 1-year period	14.43%	24.29%	-9.86%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.10%	22.07%	-4.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.06%	24.49%	-5.43%

Dividends

FUTY vs. ADP - Dividend Comparison

FUTY's dividend yield for the trailing twelve months is around 2.57%, less than ADP's 3.62% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ADP Automatic Data Processing, Inc.	3.62%	2.46%	1.96%	2.21%	1.83%	1.55%	2.08%	1.92%	2.14%	2.00%	2.10%	2.36%
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

Can I hold both FUTY and ADP in my portfolio?

FUTY and ADP have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FUTY or ADP?

ADP has higher volatility (9.18%) compared to FUTY (5.63%). In terms of maximum drawdown, FUTY dropped -36.44% vs ADP's -59.51%.

Which has better risk-adjusted returns?

FUTY currently has the higher Sharpe Ratio (0.82 vs -1.02), 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.