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ECLN vs. UTG
Performance
Return for Risk
Drawdowns
Volatility
Dividends

ECLN vs. UTG

Last updated Jun 23, 2026

ECLN (First Trust EIP Carbon Impact ETF) is Utilities Equities fund actively managed by First Trust, while UTG (Reaves Utility Income Trust) is a stock. Over the past 5 years, ECLN returned 12.01%/yr vs 12.27%/yr for UTG. A 0.67 correlation means they provide meaningful diversification when combined.

Performance

ECLN vs. UTG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust EIP Carbon Impact ETF (ECLN) and Reaves Utility Income Trust (UTG). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, ECLN achieves a 12.96% return, which is significantly lower than UTG's 19.18% return.

ECLN

1D
0.16%
1M
-1.81%
YTD
12.96%
6M
13.23%
1Y
20.96%
3Y*
17.40%
5Y*
12.01%
10Y*
—

UTG

1D
1.09%
1M
0.50%
YTD
19.18%
6M
21.56%
1Y
30.08%
3Y*
25.12%
5Y*
12.27%
10Y*
10.70%
*Multi-year figures are annualized to reflect compound growth (CAGR)

ECLN vs. UTG - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
ECLN
First Trust EIP Carbon Impact ETF		12.96%16.78%22.60%-3.36%5.28%12.26%8.98%5.66%
UTG
Reaves Utility Income Trust		19.18%23.24%28.10%2.84%-13.38%14.26%-5.25%2.23%

Correlation

The correlation between ECLN and UTG is 0.55, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.55

Correlation (3Y)
Calculated over the trailing 3-year period

0.66

Correlation (5Y)
Calculated over the trailing 5-year period

0.71

Correlation (All Time)
Calculated using the full available price history since Aug 20, 2019

0.67

The correlation between ECLN and UTG shifts across timeframes, from 0.55 (1 year) to 0.71 (5 years), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

First Trust EIP Carbon Impact ETF

Reaves Utility Income Trust

Often compared with ECLN:
ECLN vs. QCLNECLN vs. UTESECLN vs. DBEMECLN vs. XLUECLN vs. EVXECLN vs. JXIECLN vs. SPY
Often compared with UTG:
UTG vs. UTFUTG vs. XLUUTG vs. VPUUTG vs. SCHDUTG vs. ASGIUTG vs. HSTIXUTG vs. VNQ

Return for Risk

ECLN vs. UTG — Risk / Return Rank

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

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

UTG
UTG Risk / Return Rank: 8181
Overall Rank
UTG Sharpe Ratio Rank: 8686
Sharpe Ratio Rank
UTG Sortino Ratio Rank: 8080
Sortino Ratio Rank
UTG Omega Ratio Rank: 8080
Omega Ratio Rank
UTG Calmar Ratio Rank: 8181
Calmar Ratio Rank
UTG Martin Ratio Rank: 7979
Martin Ratio Rank
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.

ECLN vs. UTG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust EIP Carbon Impact ETF (ECLN) and Reaves Utility Income Trust (UTG). 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.

ECLNUTGDifference
Sharpe ratioReturn per unit of total volatility
2.08
1.75

+0.33

Sortino ratioReturn per unit of downside risk
3.03
2.26

+0.78

Omega ratioGain probability vs. loss probability

1.36

1.30

+0.06

Calmar ratioReturn relative to maximum drawdown

4.33

2.61

+1.72

Martin ratioReturn relative to average drawdown

11.59

5.66

+5.93

ECLN vs. UTG - Sharpe Ratio Comparison

The current ECLN Sharpe Ratio is 2.08, which is comparable to the UTG Sharpe Ratio of 1.75. The chart below compares the historical Sharpe Ratios of ECLN and UTG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

ECLN vs. UTG - Drawdown Comparison

The maximum ECLN drawdown since its inception was -32.28%, smaller than the maximum UTG drawdown of -67.77%. Use the drawdown chart below to compare losses from any high point for ECLN and UTG.

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Drawdown Indicators

ECLNUTGDifference

Max Drawdown

Largest peak-to-trough decline

-32.28%

-67.77%

+35.49%

Max Drawdown (1Y)

Largest decline over 1 year

-5.02%

-11.59%

+6.57%

Max Drawdown (3Y)

Largest decline over 3 years

-14.68%

-15.03%

+0.35%

Max Drawdown (5Y)

Largest decline over 5 years

-19.88%

-26.54%

+6.66%

Max Drawdown (10Y)

Largest decline over 10 years

—

-47.91%

—

Current Drawdown

Current decline from peak

-2.96%

-1.59%

-1.37%

Average Drawdown

Average peak-to-trough decline

-4.99%

-8.73%

+3.74%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.87%

5.33%

-3.46%

Volatility

ECLN vs. UTG - Volatility Comparison

The current volatility for First Trust EIP Carbon Impact ETF (ECLN) is 3.75%, while Reaves Utility Income Trust (UTG) has a volatility of 6.10%. This indicates that ECLN experiences smaller price fluctuations and is considered to be less risky than UTG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

ECLNUTGDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.75%

6.10%

-2.35%

Volatility (6M)

Calculated over the trailing 6-month period

8.12%

13.30%

-5.18%

Volatility (1Y)

Calculated over the trailing 1-year period

10.45%

17.32%

-6.87%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.22%

16.95%

-2.73%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.39%

21.64%

-4.25%

Dividends

ECLN vs. UTG - Dividend Comparison

ECLN has not paid dividends to shareholders, while UTG's dividend yield for the trailing twelve months is around 5.64%.

PositionTTM20252024202320222021202020192018201720162015
ECLN
First Trust EIP Carbon Impact ETF		1.81%1.97%2.52%2.54%1.72%1.66%1.68%0.71%0.00%0.00%0.00%0.00%
UTG
Reaves Utility Income Trust		5.64%6.42%7.19%8.53%8.07%6.35%6.59%5.69%6.86%6.21%9.02%6.86%

Frequently Asked Questions

ECLN and UTG have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

UTG has higher volatility (6.10%) compared to ECLN (3.75%). In terms of maximum drawdown, ECLN dropped -32.28% vs UTG's -67.77%.

ECLN currently has the higher Sharpe Ratio (2.08 vs 1.75), 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.

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