FUTY

How is FUTY doing right now?

In plain terms: FUTY is 13% below its highest-ever price. Dipsern checks every past time it was this far down and grades how the next 90 days usually went.

As of the latest market close, Fidelity MSCI Utilities Index ETF (FUTY) is trading in a moderate correction, 13.0% below its all-time high at $52.75. Corrections in this band are common during macro repricings (rate scares, sector rotations, earnings shocks). The question is whether the cause is durable or transient.

What history says at this drawdown

Across all available history, FUTY has spent enough trading days in the 15%-to-10% drawdown band to build a large sample (444 observations). Dipsern segments these by drawdown depth and computes the rolling median forward 90-day return — that median is the primary signal you see in the full app, and it's substantially more robust than mean-based forecasts because it ignores fat-tail outliers in both directions.

What this means for FUTY

ETFs aggregate constituent behavior, so their drawdowns tend to be shallower but more persistent than single stocks. The median forward return at a given drawdown level for an ETF is usually a more stable signal than for an individual equity. This is the band where most successful "buy the dip" strategies have historically operated. The median forward return here for FUTY is in the full app, alongside the segment-level win rate.