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ASA vs. UTES
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

ASA vs. UTES

Last updated May 20, 2025

Compare and contrast key facts about ASA Gold and Precious Metals Limited (ASA) and Virtus Reaves Utilities ETF (UTES).

UTES is an actively managed fund by Virtus Investment Partners. It was launched on Sep 23, 2015.

Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ASA or UTES.

Correlation

The correlation between ASA and UTES is 0.38, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Performance

ASA vs. UTES - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ASA Gold and Precious Metals Limited (ASA) and Virtus Reaves Utilities ETF (UTES). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Sharpe Ratio

ASA:

1.54

UTES:

1.40

Sortino Ratio

ASA:

2.23

UTES:

1.76

Omega Ratio

ASA:

1.29

UTES:

1.26

Calmar Ratio

ASA:

1.17

UTES:

1.97

Martin Ratio

ASA:

8.46

UTES:

5.72

Ulcer Index

ASA:

6.76%

UTES:

6.06%

Daily Std Dev

ASA:

34.26%

UTES:

25.98%

Max Drawdown

ASA:

-80.32%

UTES:

-35.39%

Current Drawdown

ASA:

-12.84%

UTES:

0.00%

Returns By Period

In the year-to-date period, ASA achieves a 44.26% return, which is significantly higher than UTES's 14.46% return.

ASA

YTD

44.26%

1M

-5.11%

6M

44.84%

1Y

52.40%

3Y*

16.60%

5Y*

12.83%

10Y*

10.65%

UTES

YTD

14.46%

1M

12.63%

6M

10.06%

1Y

35.97%

3Y*

18.80%

5Y*

17.90%

10Y*

N/A

*Annualized

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ASA Gold and Precious Metals Limited

Virtus Reaves Utilities ETF

Risk-Adjusted Performance

ASA vs. UTES — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
ASA
The Risk-Adjusted Performance Rank of ASA is 8989
Overall Rank
The Sharpe Ratio Rank of ASA is 9292
Sharpe Ratio Rank
The Sortino Ratio Rank of ASA is 8888
Sortino Ratio Rank
The Omega Ratio Rank of ASA is 8787
Omega Ratio Rank
The Calmar Ratio Rank of ASA is 8686
Calmar Ratio Rank
The Martin Ratio Rank of ASA is 9393
Martin Ratio Rank
UTES
The Risk-Adjusted Performance Rank of UTES is 8888
Overall Rank
The Sharpe Ratio Rank of UTES is 9090
Sharpe Ratio Rank
The Sortino Ratio Rank of UTES is 8686
Sortino Ratio Rank
The Omega Ratio Rank of UTES is 8787
Omega Ratio Rank
The Calmar Ratio Rank of UTES is 9393
Calmar Ratio Rank
The Martin Ratio Rank of UTES is 8686
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

ASA vs. UTES - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for ASA Gold and Precious Metals Limited (ASA) 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.

The current ASA Sharpe Ratio is 1.54, which is comparable to the UTES Sharpe Ratio of 1.40. The chart below compares the historical Sharpe Ratios of ASA and UTES, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Dividends

ASA vs. UTES - Dividend Comparison

ASA's dividend yield for the trailing twelve months is around 0.17%, less than UTES's 1.32% yield.

TTM20242023202220212020201920182017201620152014
ASA
ASA Gold and Precious Metals Limited		0.17%0.20%0.13%0.14%0.09%0.09%0.15%0.21%0.35%0.36%0.56%0.40%
UTES
Virtus Reaves Utilities ETF		1.32%1.51%2.44%2.13%1.94%2.09%1.84%2.16%2.81%3.28%0.61%0.00%

Drawdowns

ASA vs. UTES - Drawdown Comparison

The maximum ASA drawdown since its inception was -80.32%, which is greater than UTES's maximum drawdown of -35.39%. Use the drawdown chart below to compare losses from any high point for ASA and UTES. For additional features, visit the drawdowns tool.

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Volatility

ASA vs. UTES - Volatility Comparison

ASA Gold and Precious Metals Limited (ASA) has a higher volatility of 12.82% compared to Virtus Reaves Utilities ETF (UTES) at 6.14%. This indicates that ASA'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.

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