FUTY vs. VGLT
FUTY (Fidelity MSCI Utilities Index ETF) and VGLT (Vanguard Long-Term Treasury ETF) are both exchange-traded funds - FUTY is a Utilities Equities fund tracking the MSCI USA IMI Utilities Index, while VGLT is a Government Bonds fund tracking the Bloomberg U.S. Long Treasury Index. Both are passively managed. Over the past 10 years, FUTY returned 9.07%/yr vs -1.21%/yr for VGLT. At a 0.15 correlation, their price movements are largely independent. FUTY charges 0.08%/yr vs 0.03%/yr for VGLT.
Performance
FUTY vs. VGLT - 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 VGLT's 0.03% return. Over the past 10 years, FUTY has outperformed VGLT with an annualized return of 9.07%, while VGLT has yielded a comparatively lower -1.21% 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%
VGLT
- 1D
- -0.27%
- 1M
- 1.30%
- YTD
- 0.03%
- 6M
- 0.49%
- 1Y
- 3.29%
- 3Y*
- -0.30%
- 5Y*
- -5.52%
- 10Y*
- -1.21%
FUTY vs. VGLT - 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% |
VGLT Vanguard Long-Term Treasury ETF | 0.03% | 5.35% | -6.28% | 3.27% | -29.34% | -4.98% | 17.57% | 14.30% | -1.54% | 8.64% |
Correlation
The correlation between FUTY and VGLT is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.29 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.22 |
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 | 0.15 |
The correlation between FUTY and VGLT shifts across timeframes, from 0.15 (all time) to 0.29 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
FUTY vs. VGLT — Risk / Return Rank
FUTY
VGLT
FUTY vs. VGLT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity MSCI Utilities Index ETF (FUTY) and Vanguard Long-Term Treasury ETF (VGLT). 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 | VGLT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.44 | ||
| Sortino ratioReturn per unit of downside risk | +0.58 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.07 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.33 | 0.47 | +0.85 |
| Martin ratioReturn relative to average drawdown | 2.88 | 1.19 | +1.69 |
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Drawdowns
FUTY vs. VGLT - Drawdown Comparison
The maximum FUTY drawdown since its inception was -36.44%, smaller than the maximum VGLT drawdown of -46.18%. Use the drawdown chart below to compare losses from any high point for FUTY and VGLT.
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Drawdown Indicators
| FUTY | VGLT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.44% | -46.18% | +9.74% |
Max Drawdown (1Y)Largest decline over 1 year | -8.93% | -7.01% | -1.92% |
Max Drawdown (3Y)Largest decline over 3 years | -17.35% | -17.68% | +0.33% |
Max Drawdown (5Y)Largest decline over 5 years | -25.11% | -40.98% | +15.87% |
Max Drawdown (10Y)Largest decline over 10 years | -36.44% | -46.18% | +9.74% |
Current DrawdownCurrent decline from peak | -5.74% | -36.55% | +30.81% |
Average DrawdownAverage peak-to-trough decline | -6.03% | -15.09% | +9.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.11% | 2.78% | +1.33% |
Volatility
FUTY vs. VGLT - Volatility Comparison
Fidelity MSCI Utilities Index ETF (FUTY) has a higher volatility of 5.63% compared to Vanguard Long-Term Treasury ETF (VGLT) at 2.69%. This indicates that FUTY's price experiences larger fluctuations and is considered to be riskier than VGLT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FUTY | VGLT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.63% | 2.69% | +2.94% |
Volatility (6M)Calculated over the trailing 6-month period | 11.54% | 6.09% | +5.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.43% | 8.78% | +5.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.10% | 14.57% | +2.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.06% | 13.82% | +5.24% |
FUTY vs. VGLT - Expense Ratio Comparison
FUTY has a 0.08% expense ratio, which is higher than VGLT's 0.03% expense ratio. However, 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. VGLT - Dividend Comparison
FUTY's dividend yield for the trailing twelve months is around 2.57%, less than VGLT's 4.59% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
VGLT Vanguard Long-Term Treasury ETF | 4.59% | 4.44% | 4.33% | 3.33% | 2.84% | 1.82% | 2.15% | 2.46% | 2.71% | 2.55% | 2.69% | 3.21% |
Frequently Asked Questions
FUTY and VGLT have a correlation of 0.24, 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 VGLT (2.69%). In terms of maximum drawdown, FUTY dropped -36.44% vs VGLT's -46.18%.
On 10-year performance, FUTY leads with 9.07% vs -1.21% for VGLT. On fees, VGLT is cheaper at 0.03% per year. On volatility, VGLT has been the lower-risk option at 2.69%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, FUTY has performed better with a 9.07% return vs -1.21%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VGLT is cheaper with a 0.03% expense ratio, compared with 0.08% for FUTY.
VGLT has the higher dividend yield at 4.59%, compared with 2.57% for FUTY.
FUTY is categorized as Utilities Equities, while VGLT is Government Bonds. FUTY tracks MSCI USA IMI Utilities Index, while VGLT tracks Bloomberg U.S. Long Treasury Index. They also come from different issuers: Fidelity and Vanguard. Their fees differ too: 0.08% for FUTY and 0.03% for VGLT.
FUTY currently has the higher Sharpe Ratio (0.82 vs 0.38), 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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