FUTY vs. BAC
FUTY (Fidelity MSCI Utilities Index ETF) is Utilities Equities fund tracking the MSCI USA IMI Utilities Index, while BAC (Bank of America Corporation) is a stock. Over the past 10 years, FUTY returned 9.07%/yr vs 18.19%/yr for BAC. At a 0.17 correlation, their price movements are largely independent.
Performance
FUTY vs. BAC - Performance Comparison
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Returns By Period
In the year-to-date period, FUTY achieves a 4.88% return, which is significantly higher than BAC's 3.72% return. Over the past 10 years, FUTY has underperformed BAC with an annualized return of 9.07%, while BAC has yielded a comparatively higher 18.19% 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%
BAC
- 1D
- 2.31%
- 1M
- 13.82%
- YTD
- 3.72%
- 6M
- 3.46%
- 1Y
- 29.23%
- 3Y*
- 27.43%
- 5Y*
- 8.79%
- 10Y*
- 18.19%
FUTY vs. BAC - 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% |
BAC Bank of America Corporation | 3.72% | 28.04% | 33.85% | 4.83% | -23.82% | 49.61% | -11.63% | 46.19% | -15.00% | 35.69% |
Correlation
The correlation between FUTY and BAC is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.28 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.29 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since Oct 24, 2013 | 0.17 |
The correlation between FUTY and BAC shifts across timeframes, from 0.12 (1 year) to 0.29 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
FUTY vs. BAC — Risk / Return Rank
FUTY
BAC
FUTY vs. BAC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity MSCI Utilities Index ETF (FUTY) and Bank of America Corporation (BAC). 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 | BAC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.53 | ||
| Sortino ratioReturn per unit of downside risk | -0.66 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.24 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.33 | 1.64 | -0.31 |
| Martin ratioReturn relative to average drawdown | 2.88 | 4.21 | -1.33 |
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Drawdowns
FUTY vs. BAC - Drawdown Comparison
The maximum FUTY drawdown since its inception was -36.44%, smaller than the maximum BAC drawdown of -93.10%. Use the drawdown chart below to compare losses from any high point for FUTY and BAC.
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Drawdown Indicators
| FUTY | BAC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.44% | -93.10% | +56.66% |
Max Drawdown (1Y)Largest decline over 1 year | -8.93% | -17.93% | +9.00% |
Max Drawdown (3Y)Largest decline over 3 years | -17.35% | -27.51% | +10.16% |
Max Drawdown (5Y)Largest decline over 5 years | -25.11% | -46.64% | +21.53% |
Max Drawdown (10Y)Largest decline over 10 years | -36.44% | -48.95% | +12.51% |
Current DrawdownCurrent decline from peak | -5.74% | -0.36% | -5.38% |
Average DrawdownAverage peak-to-trough decline | -6.03% | -28.30% | +22.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.11% | 6.96% | -2.85% |
Volatility
FUTY vs. BAC - Volatility Comparison
Fidelity MSCI Utilities Index ETF (FUTY) and Bank of America Corporation (BAC) have volatilities of 5.63% and 5.49%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FUTY | BAC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.63% | 5.49% | +0.14% |
Volatility (6M)Calculated over the trailing 6-month period | 11.54% | 16.57% | -5.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.43% | 21.62% | -7.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.10% | 26.89% | -9.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.06% | 30.68% | -11.62% |
Dividends
FUTY vs. BAC - Dividend Comparison
FUTY's dividend yield for the trailing twelve months is around 2.57%, less than BAC's 2.72% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BAC Bank of America Corporation | 2.72% | 1.96% | 2.28% | 2.73% | 2.60% | 1.75% | 2.38% | 1.87% | 2.19% | 1.32% | 1.13% | 1.19% |
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 BAC have a correlation of 0.12, 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 BAC (5.49%). In terms of maximum drawdown, FUTY dropped -36.44% vs BAC's -93.10%.
BAC 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.
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