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FUTY vs. VPU
Performance
Return for Risk
Drawdowns
Volatility
Dividends

FUTY vs. VPU

Last updated Jun 17, 2026

FUTY (Fidelity MSCI Utilities Index ETF) and VPU (Vanguard Utilities ETF) are both Utilities Equities funds - FUTY tracks the MSCI USA IMI Utilities Index while VPU tracks the MSCI US Investable Market Utilities 25/50 Index. Both are passively managed. Over the past 10 years, FUTY returned 9.18%/yr vs 9.16%/yr for VPU. With a 1.00 correlation, they move nearly in lockstep. FUTY charges 0.08%/yr vs 0.09%/yr for VPU.

Performance

FUTY vs. VPU - Performance Comparison

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

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Returns By Period

The year-to-date returns for both stocks are quite close, with FUTY having a 6.17% return and VPU slightly lower at 6.13%. Both investments have delivered pretty close results over the past 10 years, with FUTY having a 9.18% annualized return and VPU not far behind at 9.16%.

FUTY

1D
0.64%
1M
2.75%
YTD
6.17%
6M
5.90%
1Y
14.51%
3Y*
13.61%
5Y*
9.60%
10Y*
9.18%

VPU

1D
0.56%
1M
2.57%
YTD
6.13%
6M
5.84%
1Y
14.45%
3Y*
13.55%
5Y*
9.55%
10Y*
9.16%
*Multi-year figures are annualized to reflect compound growth (CAGR)

FUTY vs. VPU - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
FUTY
Fidelity MSCI Utilities Index ETF		6.17%16.40%23.20%-7.46%1.12%17.53%-0.80%24.89%4.36%12.52%
VPU
Vanguard Utilities ETF		6.13%16.46%23.04%-7.45%1.06%17.40%-0.74%24.89%4.38%12.44%

Correlation

The correlation between FUTY and VPU is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

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

1.00

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

1.00

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

1.00

Correlation (10Y)
Calculated over the trailing 10-year period

1.00

Correlation (All Time)
Calculated using the full available price history since Oct 24, 2013

1.00

The correlation between FUTY and VPU has been stable across timeframes, ranging from 1.00 to 1.00 - a consistent structural relationship.

FUTY vs. VPU - Sectors Allocation Comparison

Sectors
FUTY
VPU

Utilities

99.3%
99.3%

Energy

0.5%
0.5%

Industrials

0.2%
0.2%

Basic Materials

-

-

Communication Services

-

-

Consumer Cyclical

-

-

Consumer Defensive

-

-

Financial Services

-

-

Healthcare

-

-

Real Estate

-

-

Technology

-

-

Utilities

FUTY
99.3%
VPU
99.3%

Energy

FUTY
0.5%
VPU
0.5%

Industrials

FUTY
0.2%
VPU
0.2%

Basic Materials

FUTY

-

VPU

-

Communication Services

FUTY

-

VPU

-

Consumer Cyclical

FUTY

-

VPU

-

Consumer Defensive

FUTY

-

VPU

-

Financial Services

FUTY

-

VPU

-

Healthcare

FUTY

-

VPU

-

Real Estate

FUTY

-

VPU

-

Technology

FUTY

-

VPU

-

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

Vanguard Utilities ETF

Often compared with FUTY:
FUTY vs. XLUFUTY vs. FSUTXFUTY vs. UTESFUTY vs. FMATFUTY vs. VOOFUTY vs. SPLVFUTY vs. PSCU
Often compared with VPU:
VPU vs. XLUVPU vs. VOOVPU vs. IDUVPU vs. SPYVPU vs. VUIAXVPU vs. SCHDVPU vs. UTG

Return for Risk

FUTY vs. VPU — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
FUTY
FUTY Risk / Return Rank: 2828
Overall Rank
FUTY Sharpe Ratio Rank: 2828
Sharpe Ratio Rank
FUTY Sortino Ratio Rank: 2626
Sortino Ratio Rank
FUTY Omega Ratio Rank: 2626
Omega Ratio Rank
FUTY Calmar Ratio Rank: 3333
Calmar Ratio Rank
FUTY Martin Ratio Rank: 2626
Martin Ratio Rank
VPU
VPU Risk / Return Rank: 2828
Overall Rank
VPU Sharpe Ratio Rank: 2828
Sharpe Ratio Rank
VPU Sortino Ratio Rank: 2626
Sortino Ratio Rank
VPU Omega Ratio Rank: 2626
Omega Ratio Rank
VPU Calmar Ratio Rank: 3333
Calmar Ratio Rank
VPU Martin Ratio Rank: 2626
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. VPU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity MSCI Utilities Index ETF (FUTY) and Vanguard Utilities ETF (VPU). 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.

FUTYVPUDifference
Sharpe ratioReturn per unit of total volatility
1.01
1.01

0.00

Sortino ratioReturn per unit of downside risk
1.43
1.42

0.00

Omega ratioGain probability vs. loss probability

1.18

1.18

0.00

Calmar ratioReturn relative to maximum drawdown

1.63

1.63

0.00

Martin ratioReturn relative to average drawdown

3.52

3.51

+0.01

FUTY vs. VPU - Sharpe Ratio Comparison

The current FUTY Sharpe Ratio is 1.01, which is comparable to the VPU Sharpe Ratio of 1.01. The chart below compares the historical Sharpe Ratios of FUTY and VPU, 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. VPU - Drawdown Comparison

The maximum FUTY drawdown since its inception was -36.44%, smaller than the maximum VPU drawdown of -46.31%. Use the drawdown chart below to compare losses from any high point for FUTY and VPU.

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Drawdown Indicators

FUTYVPUDifference

Max Drawdown

Largest peak-to-trough decline

-36.44%

-46.31%

+9.87%

Max Drawdown (1Y)

Largest decline over 1 year

-8.93%

-8.90%

-0.03%

Max Drawdown (3Y)

Largest decline over 3 years

-17.35%

-17.34%

-0.01%

Max Drawdown (5Y)

Largest decline over 5 years

-25.11%

-25.15%

+0.04%

Max Drawdown (10Y)

Largest decline over 10 years

-36.44%

-36.42%

-0.02%

Current Drawdown

Current decline from peak

-4.58%

-4.61%

+0.03%

Average Drawdown

Average peak-to-trough decline

-6.03%

-7.78%

+1.75%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.13%

4.12%

+0.01%

Volatility

FUTY vs. VPU - Volatility Comparison

Fidelity MSCI Utilities Index ETF (FUTY) and Vanguard Utilities ETF (VPU) have volatilities of 5.09% and 5.04%, 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

FUTYVPUDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.09%

5.04%

+0.05%

Volatility (6M)

Calculated over the trailing 6-month period

11.53%

11.50%

+0.03%

Volatility (1Y)

Calculated over the trailing 1-year period

14.39%

14.37%

+0.02%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.10%

17.07%

+0.03%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.07%

19.14%

-0.07%

FUTY vs. VPU - Expense Ratio Comparison

FUTY has a 0.08% expense ratio, which is lower than VPU'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. VPU - Dividend Comparison

FUTY's dividend yield for the trailing twelve months is around 2.54%, less than VPU's 2.61% yield.

PositionTTM20252024202320222021202020192018201720162015
FUTY
Fidelity MSCI Utilities Index ETF		2.54%2.67%2.96%3.31%2.72%2.70%3.07%2.82%3.11%3.03%3.35%4.33%
VPU
Vanguard Utilities ETF		2.61%2.73%3.02%3.49%2.98%2.70%3.17%2.83%3.23%3.18%3.19%3.63%

Frequently Asked Questions

With a correlation of 1.00, FUTY and VPU move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

FUTY has higher volatility (5.09%) compared to VPU (5.04%). In terms of maximum drawdown, FUTY dropped -36.44% vs VPU's -46.31%.

On 10-year performance, FUTY leads with 9.18% vs 9.16% for VPU. On fees, FUTY is cheaper at 0.08% per year. Their volatility is very similar. 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 9.18% return vs 9.16%. 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 VPU.

VPU has the higher dividend yield at 2.61%, compared with 2.54% for FUTY.

FUTY tracks MSCI USA IMI Utilities Index, while VPU tracks MSCI US Investable Market Utilities 25/50 Index. They also come from different issuers: Fidelity and Vanguard. Their fees differ too: 0.08% for FUTY and 0.09% for VPU.

FUTY currently has the higher Sharpe Ratio (1.01 vs 1.01), 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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