AMTM vs. UTES

Last updated Jun 3, 2026

AMTM (Amentum Holdings Inc) is a stock, while UTES (Virtus Reaves Utilities ETF) is Utilities Equities fund actively managed by Virtus Investment Partners. Over the past year, AMTM returned 20.91% vs 9.91% for UTES. At a 0.22 correlation, their price movements are largely independent.

Performance

AMTM vs. UTES - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Amentum Holdings Inc (AMTM) and Virtus Reaves Utilities ETF (UTES). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AMTM achieves a -19.45% return, which is significantly lower than UTES's 1.08% return.

AMTM

• 1D: -2.95%
• 1M: -8.93%
• YTD: -19.45%
• 6M: -18.66%
• 1Y: 20.91%
• 3Y*: —
• 5Y*: —
• 10Y*: —

UTES

• 1D: 2.05%
• 1M: -4.89%
• YTD: 1.08%
• 6M: -1.15%
• 1Y: 9.91%
• 3Y*: 23.18%
• 5Y*: 15.83%
• 10Y*: 12.51%

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

AMTM vs. UTES - Yearly Performance Comparison

	2026 (YTD)	2025	2024
AMTM Amentum Holdings Inc	-19.45%	37.90%	-28.74%
UTES Virtus Reaves Utilities ETF	1.08%	25.71%	1.29%

Correlation

The correlation between AMTM and UTES is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.12
Correlation (All Time) Calculated using the full available price history since Sep 25, 2024	0.22

The correlation between AMTM and UTES shifts across timeframes, from 0.12 (1 year) to 0.22 (all time), reflecting how their relationship changes across market environments.

Return for Risk

AMTM vs. UTES — Risk / Return Rank

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

AMTM

AMTM Risk / Return Rank: 52
AMTM Sharpe Ratio Rank: 56
AMTM Sortino Ratio Rank: 55
AMTM Omega Ratio Rank: 53
AMTM Calmar Ratio Rank: 48
AMTM Martin Ratio Rank: 49

UTES

UTES Risk / Return Rank: 17
UTES Sharpe Ratio Rank: 16
UTES Sortino Ratio Rank: 16
UTES Omega Ratio Rank: 16
UTES Calmar Ratio Rank: 19
UTES Martin Ratio Rank: 17

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.

AMTM vs. UTES - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amentum Holdings Inc (AMTM) and Virtus Reaves Utilities ETF (UTES). 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.

	AMTM	UTES	Difference
Sharpe ratio Return per unit of total volatility	0.46	0.47	0.00
Sortino ratio Return per unit of downside risk	1.07	0.77	+0.30
Omega ratio Gain probability vs. loss probability	1.13	1.10	+0.03
Calmar ratio Return relative to maximum drawdown	0.33	0.79	-0.47
Martin ratio Return relative to average drawdown	0.75	1.82	-1.08
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AMTM vs. UTES - Sharpe Ratio Comparison

The current AMTM Sharpe Ratio is 0.46, which is comparable to the UTES Sharpe Ratio of 0.47. The chart below compares the historical Sharpe Ratios of AMTM and UTES, 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

	AMTM	UTES	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.46	0.47	0.00
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.77	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.62	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.22	0.70	-0.92

Drawdowns

AMTM vs. UTES - Drawdown Comparison

The maximum AMTM drawdown since its inception was -50.81%, which is greater than UTES's maximum drawdown of -35.39%. Use the drawdown chart below to compare losses from any high point for AMTM and UTES.

Drawdown Indicators

	AMTM	UTES	Difference
Max Drawdown Largest peak-to-trough decline	-50.81%	-35.39%	-15.42%
Max Drawdown (1Y) Largest decline over 1 year	-40.05%	-13.88%	-26.17%
Max Drawdown (3Y) Largest decline over 3 years	—	-17.62%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-20.40%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-35.39%	—
Current Drawdown Current decline from peak	-37.76%	-8.36%	-29.40%
Average Drawdown Average peak-to-trough decline	-27.35%	-5.52%	-21.83%
Ulcer Index Depth and duration of drawdowns from previous peaks	17.53%	6.05%	+11.48%

Volatility

AMTM vs. UTES - Volatility Comparison

Amentum Holdings Inc (AMTM) has a higher volatility of 11.66% compared to Virtus Reaves Utilities ETF (UTES) at 7.44%. This indicates that AMTM's price experiences larger fluctuations and is considered to be riskier than UTES based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AMTM	UTES	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.66%	7.44%	+4.22%
Volatility (6M) Calculated over the trailing 6-month period	28.12%	17.12%	+11.00%
Volatility (1Y) Calculated over the trailing 1-year period	45.78%	21.26%	+24.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	58.70%	20.59%	+38.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	58.70%	20.16%	+38.54%

Dividends

AMTM vs. UTES - Dividend Comparison

AMTM has not paid dividends to shareholders, while UTES's dividend yield for the trailing twelve months is around 1.48%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AMTM Amentum Holdings Inc	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
UTES Virtus Reaves Utilities ETF	1.48%	1.42%	1.51%	2.44%	2.13%	1.94%	2.09%	1.84%	2.09%	3.44%	3.53%	0.61%

Frequently Asked Questions

Can I hold both AMTM and UTES in my portfolio?

AMTM and UTES have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AMTM or UTES?

AMTM has higher volatility (11.66%) compared to UTES (7.44%). In terms of maximum drawdown, AMTM dropped -50.81% vs UTES's -35.39%.

Which has better risk-adjusted returns?

UTES currently has the higher Sharpe Ratio (0.47 vs 0.46), 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.