FUTY vs. BRLN
FUTY (Fidelity MSCI Utilities Index ETF) and BRLN (BlackRock Floating Rate Loan ETF) are both exchange-traded funds - FUTY is a Utilities Equities fund tracking the MSCI USA IMI Utilities Index, while BRLN is a Bank Loan fund actively managed by BlackRock. FUTY is passively managed, while BRLN is actively managed. Over the past 3 years, FUTY returned 13.73%/yr vs 7.50%/yr for BRLN. At a 0.04 correlation, their price movements are largely independent. FUTY charges 0.08%/yr vs 0.55%/yr for BRLN.
Performance
FUTY vs. BRLN - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, FUTY achieves a 3.78% return, which is significantly higher than BRLN's 1.44% return.
FUTY
- 1D
- 0.60%
- 1M
- -4.86%
- YTD
- 3.78%
- 6M
- 1.95%
- 1Y
- 12.10%
- 3Y*
- 13.73%
- 5Y*
- 9.26%
- 10Y*
- 9.10%
BRLN
- 1D
- 0.09%
- 1M
- 0.87%
- YTD
- 1.44%
- 6M
- 2.08%
- 1Y
- 5.39%
- 3Y*
- 7.50%
- 5Y*
- —
- 10Y*
- —
FUTY vs. BRLN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
FUTY Fidelity MSCI Utilities Index ETF | 3.78% | 16.40% | 23.20% | -7.46% | 9.06% |
BRLN BlackRock Floating Rate Loan ETF | 1.44% | 5.38% | 7.49% | 13.42% | 2.13% |
Correlation
The correlation between FUTY and BRLN is -0.13, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.06 |
Correlation (All Time) Calculated using the full available price history since Oct 7, 2022 | 0.04 |
The correlation between FUTY and BRLN shifts across timeframes, from -0.13 (1 year) to 0.06 (3 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
FUTY vs. BRLN — Risk / Return Rank
FUTY
BRLN
FUTY vs. BRLN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity MSCI Utilities Index ETF (FUTY) and BlackRock Floating Rate Loan ETF (BRLN). 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.
| FUTY | BRLN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.92 | ||
| Sortino ratioReturn per unit of downside risk | -1.52 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.34 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 1.36 | 2.70 | -1.34 |
| Martin ratioReturn relative to average drawdown | 3.05 | 10.51 | -7.46 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| FUTY | BRLN | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.85 | 1.77 | -0.92 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.54 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.48 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.55 | 2.19 | -1.64 |
Drawdowns
FUTY vs. BRLN - Drawdown Comparison
The maximum FUTY drawdown since its inception was -36.44%, which is greater than BRLN's maximum drawdown of -3.85%. Use the drawdown chart below to compare losses from any high point for FUTY and BRLN.
Loading charts...
Drawdown Indicators
| FUTY | BRLN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.44% | -3.85% | -32.59% |
Max Drawdown (1Y)Largest decline over 1 year | -8.93% | -2.00% | -6.93% |
Max Drawdown (3Y)Largest decline over 3 years | -17.35% | -3.85% | -13.50% |
Max Drawdown (5Y)Largest decline over 5 years | -25.11% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -36.44% | — | — |
Current DrawdownCurrent decline from peak | -6.72% | -0.12% | -6.60% |
Average DrawdownAverage peak-to-trough decline | -6.03% | -0.31% | -5.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.98% | 0.51% | +3.47% |
Volatility
FUTY vs. BRLN - Volatility Comparison
Fidelity MSCI Utilities Index ETF (FUTY) has a higher volatility of 5.52% compared to BlackRock Floating Rate Loan ETF (BRLN) at 0.80%. This indicates that FUTY's price experiences larger fluctuations and is considered to be riskier than BRLN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| FUTY | BRLN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.52% | 0.80% | +4.72% |
Volatility (6M)Calculated over the trailing 6-month period | 11.38% | 2.24% | +9.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.34% | 3.06% | +11.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.08% | 3.73% | +13.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.05% | 3.73% | +15.32% |
FUTY vs. BRLN - Expense Ratio Comparison
FUTY has a 0.08% expense ratio, which is lower than BRLN's 0.55% expense ratio.
Dividends
FUTY vs. BRLN - Dividend Comparison
FUTY's dividend yield for the trailing twelve months is around 2.60%, less than BRLN's 6.35% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BRLN BlackRock Floating Rate Loan ETF | 6.35% | 6.50% | 7.87% | 9.06% | 1.48% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FUTY Fidelity MSCI Utilities Index ETF | 2.60% | 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 BRLN have a correlation of -0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FUTY has higher volatility (5.52%) compared to BRLN (0.80%). In terms of maximum drawdown, FUTY dropped -36.44% vs BRLN's -3.85%.
On 3-year performance, FUTY leads with 13.73% vs 7.50% for BRLN. On fees, FUTY is cheaper at 0.08% per year. On volatility, BRLN has been the lower-risk option at 0.80%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, FUTY has performed better with a 13.73% return vs 7.50%. 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 0.55% for BRLN.
BRLN has the higher dividend yield at 6.35%, compared with 2.60% for FUTY.
FUTY is categorized as Utilities Equities, while BRLN is Bank Loan. They also come from different issuers: Fidelity and BlackRock. Their fees differ too: 0.08% for FUTY and 0.55% for BRLN.
BRLN currently has the higher Sharpe Ratio (1.77 vs 0.85), 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.
Find the right allocation for FUTY and BRLN
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