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FUTY vs. FLGB
Performance
Return for Risk
Drawdowns
Volatility
Dividends

FUTY vs. FLGB

Last updated Jun 14, 2026

FUTY (Fidelity MSCI Utilities Index ETF) and FLGB (Franklin FTSE United Kingdom ETF) are both exchange-traded funds - FUTY is a Utilities Equities fund tracking the MSCI USA IMI Utilities Index, while FLGB is a Europe Equities fund tracking the FTSE UK RIC Capped Index. Both are passively managed. Over the past 5 years, FUTY returned 9.19%/yr vs 10.82%/yr for FLGB. At a 0.35 correlation, their price movements are largely independent. FUTY charges 0.08%/yr vs 0.09%/yr for FLGB.

Performance

FUTY vs. FLGB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity MSCI Utilities Index ETF (FUTY) and Franklin FTSE United Kingdom ETF (FLGB). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, FUTY achieves a 4.88% return, which is significantly lower than FLGB's 6.90% return.

FUTY

1D
1.14%
1M
-0.88%
YTD
4.88%
6M
5.07%
1Y
12.59%
3Y*
13.69%
5Y*
9.19%
10Y*
9.07%

FLGB

1D
0.62%
1M
1.23%
YTD
6.90%
6M
10.66%
1Y
20.66%
3Y*
17.88%
5Y*
10.82%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

FUTY vs. FLGB - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
FUTY
Fidelity MSCI Utilities Index ETF		4.88%16.40%23.20%-7.46%1.12%17.53%-0.80%24.89%4.36%-3.28%
FLGB
Franklin FTSE United Kingdom ETF		6.90%33.73%8.77%14.33%-6.00%17.14%-9.47%23.23%-11.60%1.12%

Correlation

The correlation between FUTY and FLGB is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.31

Correlation (3Y)
Calculated over the trailing 3-year period

0.41

Correlation (5Y)
Calculated over the trailing 5-year period

0.41

Correlation (All Time)
Calculated using the full available price history since Nov 6, 2017

0.35

FUTY vs. FLGB - Sectors Allocation Comparison

Sectors
FUTY
FLGB

Utilities

99.3%
4.9%

Energy

0.5%
11.3%

Industrials

0.2%
12.9%

Basic Materials

-

8.7%

Communication Services

-

2.6%

Consumer Cyclical

-

4.8%

Consumer Defensive

-

14.2%

Financial Services

-

25.6%

Healthcare

-

13.3%

Real Estate

-

0.8%

Technology

-

0.6%

Utilities

FUTY
99.3%
FLGB
4.9%

Energy

FUTY
0.5%
FLGB
11.3%

Industrials

FUTY
0.2%
FLGB
12.9%

Basic Materials

FUTY

-

FLGB
8.7%

Communication Services

FUTY

-

FLGB
2.6%

Consumer Cyclical

FUTY

-

FLGB
4.8%

Consumer Defensive

FUTY

-

FLGB
14.2%

Financial Services

FUTY

-

FLGB
25.6%

Healthcare

FUTY

-

FLGB
13.3%

Real Estate

FUTY

-

FLGB
0.8%

Technology

FUTY

-

FLGB
0.6%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Fidelity MSCI Utilities Index ETF

Franklin FTSE United Kingdom ETF

Often compared with FUTY:
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Often compared with FLGB:
FLGB vs. EWUFLGB vs. FLAUFLGB vs. FLEEFLGB vs. IUKD.LFLGB vs. VFIAXFLGB vs. EUFNFLGB vs. HEDJ

Return for Risk

FUTY vs. FLGB — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
FUTY
FUTY Risk / Return Rank: 2626
Overall Rank
FUTY Sharpe Ratio Rank: 2626
Sharpe Ratio Rank
FUTY Sortino Ratio Rank: 2424
Sortino Ratio Rank
FUTY Omega Ratio Rank: 2424
Omega Ratio Rank
FUTY Calmar Ratio Rank: 3030
Calmar Ratio Rank
FUTY Martin Ratio Rank: 2424
Martin Ratio Rank
FLGB
FLGB Risk / Return Rank: 4444
Overall Rank
FLGB Sharpe Ratio Rank: 4444
Sharpe Ratio Rank
FLGB Sortino Ratio Rank: 4444
Sortino Ratio Rank
FLGB Omega Ratio Rank: 4242
Omega Ratio Rank
FLGB Calmar Ratio Rank: 4444
Calmar Ratio Rank
FLGB Martin Ratio Rank: 4747
Martin Ratio Rank
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. FLGB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity MSCI Utilities Index ETF (FUTY) and Franklin FTSE United Kingdom ETF (FLGB). 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.

FUTYFLGBDifference
Sharpe ratioReturn per unit of total volatility
0.82
1.36

-0.54

Sortino ratioReturn per unit of downside risk
1.19
1.97

-0.78

Omega ratioGain probability vs. loss probability

1.15

1.24

-0.10

Calmar ratioReturn relative to maximum drawdown

1.33

1.92

-0.59

Martin ratioReturn relative to average drawdown

2.88

6.84

-3.96

FUTY vs. FLGB - Sharpe Ratio Comparison

The current FUTY Sharpe Ratio is 0.82, which is lower than the FLGB Sharpe Ratio of 1.36. The chart below compares the historical Sharpe Ratios of FUTY and FLGB, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

FUTY vs. FLGB - Drawdown Comparison

The maximum FUTY drawdown since its inception was -36.44%, smaller than the maximum FLGB drawdown of -42.61%. Use the drawdown chart below to compare losses from any high point for FUTY and FLGB.

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Drawdown Indicators

FUTYFLGBDifference

Max Drawdown

Largest peak-to-trough decline

-36.44%

-42.61%

+6.17%

Max Drawdown (1Y)

Largest decline over 1 year

-8.93%

-10.26%

+1.33%

Max Drawdown (3Y)

Largest decline over 3 years

-17.35%

-13.13%

-4.22%

Max Drawdown (5Y)

Largest decline over 5 years

-25.11%

-25.90%

+0.79%

Max Drawdown (10Y)

Largest decline over 10 years

-36.44%

—

—

Current Drawdown

Current decline from peak

-5.74%

-3.09%

-2.65%

Average Drawdown

Average peak-to-trough decline

-6.03%

-6.68%

+0.65%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.11%

2.89%

+1.22%

Volatility

FUTY vs. FLGB - Volatility Comparison

Fidelity MSCI Utilities Index ETF (FUTY) has a higher volatility of 5.63% compared to Franklin FTSE United Kingdom ETF (FLGB) at 5.27%. This indicates that FUTY's price experiences larger fluctuations and is considered to be riskier than FLGB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

FUTYFLGBDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.63%

5.27%

+0.36%

Volatility (6M)

Calculated over the trailing 6-month period

11.54%

12.30%

-0.76%

Volatility (1Y)

Calculated over the trailing 1-year period

14.43%

14.48%

-0.05%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.10%

16.67%

+0.43%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.06%

18.97%

+0.09%

FUTY vs. FLGB - Expense Ratio Comparison

FUTY has a 0.08% expense ratio, which is lower than FLGB's 0.09% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

FUTY vs. FLGB - Dividend Comparison

FUTY's dividend yield for the trailing twelve months is around 2.57%, less than FLGB's 3.27% yield.

PositionTTM20252024202320222021202020192018201720162015
FLGB
Franklin FTSE United Kingdom ETF		3.27%3.50%4.42%3.95%4.23%2.93%2.67%4.30%3.92%0.43%0.00%0.00%
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 FLGB have a correlation of 0.31, 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 FLGB (5.27%). In terms of maximum drawdown, FUTY dropped -36.44% vs FLGB's -42.61%.

On 5-year performance, FLGB leads with 10.82% vs 9.19% for FUTY. On fees, FUTY is cheaper at 0.08% per year. On volatility, FLGB has been the lower-risk option at 5.27%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, FLGB has performed better with a 10.82% return vs 9.19%. 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 0.09% for FLGB.

FLGB has the higher dividend yield at 3.27%, compared with 2.57% for FUTY.

FUTY is categorized as Utilities Equities, while FLGB is Europe Equities. FUTY tracks MSCI USA IMI Utilities Index, while FLGB tracks FTSE UK RIC Capped Index. They also come from different issuers: Fidelity and Franklin Templeton. Their fees differ too: 0.08% for FUTY and 0.09% for FLGB.

FLGB 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.

Portfolio Optimizer

Find the right allocation for FUTY and FLGB

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

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