AUMI vs. UTES

Last updated Aug 4, 2026

AUMI (Themes Gold Miners ETF) and UTES (Virtus Reaves Utilities ETF) are both exchange-traded funds - AUMI is a Gold fund tracking the Solactive Global Pure Gold Miners Index, while UTES is a Utilities Equities fund actively managed by Virtus. AUMI is passively managed, while UTES is actively managed. Over the past year, AUMI returned 49.50% vs -2.59% for UTES. Their 0.28 correlation means their historical movements had little consistent relationship. AUMI charges 0.35%/yr vs 0.49%/yr for UTES.

Performance

AUMI vs. UTES - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Themes Gold Miners ETF (AUMI) 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, AUMI achieves a -14.59% return, which is significantly lower than UTES's 0.36% return.

AUMI

• 1D: 2.21%
• 1M: -2.81%
• 6M: -20.10%
• YTD: -14.59%
• 1Y: 49.50%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 56.27%

UTES

• 1D: 1.44%
• 1M: -2.90%
• 6M: 3.82%
• YTD: 0.36%
• 1Y: -2.59%
• 3Y*: 22.82%
• 5Y*: 14.89%
• 10Y*: 12.14%
• ALL TIME*: 13.64%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
AUMI Themes Gold Miners ETF	$205.67K	$204.64K	$383.88K
UTES Virtus Reaves Utilities ETF	$11.31M	$10.12M	$13.80M

AUMI vs. UTES - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
AUMI Themes Gold Miners ETF	-14.59%	164.18%	30.61%	10.23%
UTES Virtus Reaves Utilities ETF	0.36%	25.71%	45.35%	0.57%

Correlation

The correlation between AUMI and UTES is 0.30, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.30
Correlation (All Time) Calculated using the full available price history since Dec 13, 2023	0.28

AUMI vs. UTES - Sectors Allocation Comparison

Sectors	AUMI	UTES
Basic Materials	99.5%	-
Financial Services	0.2%	-
Communication Services	0.0%	-
Technology	0.0%	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Utilities	-	100.0%

Return for Risk

AUMI vs. UTES — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

AUMI

AUMI Risk / Return Rank: 36
AUMI Sharpe Ratio Rank: 39
AUMI Sortino Ratio Rank: 38
AUMI Omega Ratio Rank: 39
AUMI Calmar Ratio Rank: 36
AUMI Martin Ratio Rank: 30

UTES

UTES Risk / Return Rank: 9
UTES Sharpe Ratio Rank: 9
UTES Sortino Ratio Rank: 9
UTES Omega Ratio Rank: 9
UTES Calmar Ratio Rank: 9
UTES Martin Ratio Rank: 8

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

AUMI vs. UTES - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Themes Gold Miners ETF (AUMI) 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	AUMI	UTES	Difference
Sharpe ratio: Return per unit of total volatility	0.98	-0.12	+1.10
Sortino ratio: Return per unit of downside risk	1.44	-0.02	+1.46
Omega ratio: Gain probability vs. loss probability	1.19	1.00	+0.19
Calmar ratio: Return relative to maximum drawdown	1.25	-0.19	+1.44
Martin ratio: Return relative to average drawdown	2.65	-0.39	+3.04

AUMI vs. UTES - Sharpe Ratio Comparison

The current AUMI Sharpe Ratio is 0.98, which is higher than the UTES Sharpe Ratio of -0.12. The chart below compares the historical Sharpe Ratios of AUMI 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.

Drawdowns

AUMI vs. UTES - Drawdown Comparison

The maximum AUMI drawdown since its inception was -39.84%, which is greater than UTES's maximum drawdown of -35.39%. Use the drawdown chart below to compare losses from any high point for AUMI and UTES.

Drawdown Indicators

	AUMI	UTES	Difference
Max Drawdown Largest peak-to-trough decline	-39.84%	-35.39%	-4.45%
Max Drawdown (1Y) Largest decline over 1 year	-39.84%	-13.88%	-25.96%
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	-35.74%	-9.00%	-26.74%
Average Drawdown Average peak-to-trough decline	-8.80%	-5.54%	-3.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	18.71%	6.74%	+11.97%

Volatility

AUMI vs. UTES - Volatility Comparison

Themes Gold Miners ETF (AUMI) has a higher volatility of 12.11% compared to Virtus Reaves Utilities ETF (UTES) at 5.50%. This indicates that AUMI'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

	AUMI	UTES	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.11%	5.50%	+6.61%
Volatility (6M) Calculated over the trailing 6-month period	38.23%	16.23%	+22.00%
Volatility (1Y) Calculated over the trailing 1-year period	50.92%	21.46%	+29.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	42.43%	20.75%	+21.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	42.43%	20.27%	+22.16%

AUMI vs. UTES - Expense Ratio Comparison

AUMI has a 0.35% expense ratio, which is lower than UTES's 0.49% expense ratio.

Dividends

AUMI vs. UTES - Dividend Comparison

AUMI's dividend yield for the trailing twelve months is around 1.01%, less than UTES's 1.51% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AUMI Themes Gold Miners ETF	1.01%	0.86%	1.84%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
UTES Virtus Reaves Utilities ETF	1.51%	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 AUMI and UTES in my portfolio?

AUMI and UTES have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AUMI or UTES?

AUMI has higher volatility (12.11%) compared to UTES (5.50%). In terms of maximum drawdown, AUMI dropped -39.84% vs UTES's -35.39%.

Which ETF is better, AUMI or UTES?

On 1-year performance, AUMI leads with 49.50% vs -2.59% for UTES. On fees, AUMI is cheaper at 0.35% per year. On volatility, UTES has been the lower-risk option at 5.50%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AUMI or UTES?

Over the 1-year period, AUMI has performed better with a 49.50% return vs -2.59%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AUMI or UTES?

AUMI is cheaper with a 0.35% expense ratio, compared with 0.49% for UTES.

Which ETF pays a higher dividend yield, AUMI or UTES?

UTES has the higher dividend yield at 1.51%, compared with 1.01% for AUMI.

What is the main difference between AUMI and UTES?

AUMI is categorized as Gold, while UTES is Utilities Equities. They also come from different issuers: Themes and Virtus. Their fees differ too: 0.35% for AUMI and 0.49% for UTES.

Which has better risk-adjusted returns?

AUMI currently has the higher Sharpe Ratio (0.98 vs -0.12), 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.