ZAP vs. FUTY

Last updated Jun 4, 2026

ZAP (Global X U.S. Electrification ETF) and FUTY (Fidelity MSCI Utilities Index ETF) are both Utilities Equities funds - ZAP tracks the Global X U.S. Electrification Index while FUTY tracks the MSCI USA IMI Utilities Index. Both are passively managed. Over the past year, ZAP returned 28.84% vs 9.52% for FUTY. Their correlation of 0.87 suggests significant overlap in exposure. ZAP charges 0.50%/yr vs 0.08%/yr for FUTY.

Performance

ZAP vs. FUTY - Performance Comparison

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

Returns By Period

In the year-to-date period, ZAP achieves a 15.14% return, which is significantly higher than FUTY's 3.16% return.

ZAP

• 1D: -0.63%
• 1M: -3.98%
• YTD: 15.14%
• 6M: 13.19%
• 1Y: 28.84%
• 3Y*: —
• 5Y*: —
• 10Y*: —

FUTY

• 1D: -0.60%
• 1M: -5.43%
• YTD: 3.16%
• 6M: 1.20%
• 1Y: 9.52%
• 3Y*: 13.62%
• 5Y*: 9.13%
• 10Y*: 9.03%

*Multi-year figures are annualized to reflect compound growth (CAGR)

ZAP vs. FUTY - Yearly Performance Comparison

	2026 (YTD)	2025	2024
ZAP Global X U.S. Electrification ETF	15.14%	21.84%	1.26%
FUTY Fidelity MSCI Utilities Index ETF	3.16%	16.40%	1.97%

Correlation

The correlation between ZAP and FUTY is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.86
Correlation (All Time) Calculated using the full available price history since Dec 19, 2024	0.87

The correlation between ZAP and FUTY has been stable across timeframes, ranging from 0.86 to 0.87 - a consistent structural relationship.

Return for Risk

ZAP vs. FUTY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ZAP

ZAP Risk / Return Rank: 60
ZAP Sharpe Ratio Rank: 56
ZAP Sortino Ratio Rank: 54
ZAP Omega Ratio Rank: 52
ZAP Calmar Ratio Rank: 78
ZAP Martin Ratio Rank: 58

FUTY

FUTY Risk / Return Rank: 20
FUTY Sharpe Ratio Rank: 20
FUTY Sortino Ratio Rank: 18
FUTY Omega Ratio Rank: 19
FUTY Calmar Ratio Rank: 23
FUTY Martin Ratio Rank: 20

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.

ZAP vs. FUTY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X U.S. Electrification ETF (ZAP) and Fidelity MSCI Utilities Index ETF (FUTY). 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.

	ZAP	FUTY	Difference
Sharpe ratio Return per unit of total volatility	1.92	0.67	+1.25
Sortino ratio Return per unit of downside risk	2.62	0.99	+1.63
Omega ratio Gain probability vs. loss probability	1.33	1.12	+0.20
Calmar ratio Return relative to maximum drawdown	4.01	1.07	+2.94
Martin ratio Return relative to average drawdown	10.25	2.41	+7.85
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ZAP vs. FUTY - Sharpe Ratio Comparison

The current ZAP Sharpe Ratio is 1.92, which is higher than the FUTY Sharpe Ratio of 0.67. The chart below compares the historical Sharpe Ratios of ZAP and FUTY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ZAP	FUTY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.92	0.67	+1.25
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	1.63	0.55	+1.08

Drawdowns

ZAP vs. FUTY - Drawdown Comparison

The maximum ZAP drawdown since its inception was -12.38%, smaller than the maximum FUTY drawdown of -36.44%. Use the drawdown chart below to compare losses from any high point for ZAP and FUTY.

Drawdown Indicators

	ZAP	FUTY	Difference
Max Drawdown Largest peak-to-trough decline	-12.38%	-36.44%	+24.06%
Max Drawdown (1Y) Largest decline over 1 year	-7.23%	-8.93%	+1.70%
Max Drawdown (3Y) Largest decline over 3 years	—	-17.35%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-25.11%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-36.44%	—
Current Drawdown Current decline from peak	-4.11%	-7.28%	+3.17%
Average Drawdown Average peak-to-trough decline	-2.57%	-6.03%	+3.46%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.83%	3.97%	-1.14%

Volatility

ZAP vs. FUTY - Volatility Comparison

Global X U.S. Electrification ETF (ZAP) has a higher volatility of 6.28% compared to Fidelity MSCI Utilities Index ETF (FUTY) at 5.45%. This indicates that ZAP's price experiences larger fluctuations and is considered to be riskier than FUTY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ZAP	FUTY	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.28%	5.45%	+0.83%
Volatility (6M) Calculated over the trailing 6-month period	11.74%	11.40%	+0.34%
Volatility (1Y) Calculated over the trailing 1-year period	15.13%	14.33%	+0.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.91%	17.08%	-0.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.91%	19.05%	-2.14%

ZAP vs. FUTY - Expense Ratio Comparison

ZAP has a 0.50% expense ratio, which is higher than FUTY's 0.08% expense ratio.

Dividends

ZAP vs. FUTY - Dividend Comparison

ZAP's dividend yield for the trailing twelve months is around 1.55%, less than FUTY's 2.61% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FUTY Fidelity MSCI Utilities Index ETF	2.61%	2.67%	2.96%	3.31%	2.72%	2.70%	3.07%	2.82%	3.11%	3.03%	3.35%	4.33%
ZAP Global X U.S. Electrification ETF	1.55%	1.81%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both ZAP and FUTY in my portfolio?

ZAP and FUTY have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ZAP or FUTY?

ZAP has higher volatility (6.28%) compared to FUTY (5.45%). In terms of maximum drawdown, ZAP dropped -12.38% vs FUTY's -36.44%.

Which ETF is better, ZAP or FUTY?

On 1-year performance, ZAP leads with 28.84% vs 9.52% for FUTY. On fees, FUTY is cheaper at 0.08% per year. On volatility, FUTY has been the lower-risk option at 5.45%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ZAP or FUTY?

Over the 1-year period, ZAP has performed better with a 28.84% return vs 9.52%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ZAP or FUTY?

FUTY is cheaper with a 0.08% expense ratio, compared with 0.50% for ZAP.

Which ETF pays a higher dividend yield, ZAP or FUTY?

FUTY has the higher dividend yield at 2.61%, compared with 1.55% for ZAP.

What is the main difference between ZAP and FUTY?

ZAP tracks Global X U.S. Electrification Index, while FUTY tracks MSCI USA IMI Utilities Index. They also come from different issuers: Global X and Fidelity. Their fees differ too: 0.50% for ZAP and 0.08% for FUTY.

Which has better risk-adjusted returns?

ZAP currently has the higher Sharpe Ratio (1.92 vs 0.67), 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.