Snapshot*
Top 10 Holdings
What is FUTY?
The ETF seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the MSCI USA IMI Utilities 25/50 Index.
ETFs related toFUTY
ETFs correlated to FUTY include VPU, XLU, UTSL
What is ETF correlation?
Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.
Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.
Using ETF correlations in portfolio and strategy construction
ETF correlations can help you create investing strategies and portfolios. Use them to:
- •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
- •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
- •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.
Automated Strategies
Related toFUTY
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News Related to FUTY
NextEra's Renewables Focus And Strong Balance Sheet Justify Premium Valuation: Goldman Sachs
Mar 19, 2025 • by Lekha Gupta
Southern Company Q4: Utility Growth Boosts Revenue, But Rising Costs Weigh on Profit
Feb 20, 2025 • by Lekha Gupta
Duke Energy Powers Up: Q4 EPS Rises, Revenue Beats And 2025 Outlook Holds Firm
Feb 13, 2025 • by Lekha Gupta
FAQ
Disclaimers
We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.
We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.