ECLN vs. UTG

Last updated Apr 1, 2026

Compare and contrast key facts about First Trust EIP Carbon Impact ETF (ECLN) and Reaves Utility Income Trust (UTG).

ECLN is an actively managed fund by First Trust. It was launched on Aug 19, 2019.

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.

ECLN vs. UTG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
ECLN First Trust EIP Carbon Impact ETF	13.60%	16.78%	22.60%	-3.36%	5.28%	12.26%	8.98%	5.66%
UTG Reaves Utility Income Trust	8.44%	23.24%	28.10%	2.84%	-13.38%	14.26%	-5.25%	2.92%

Returns By Period

In the year-to-date period, ECLN achieves a 13.60% return, which is significantly higher than UTG's 8.44% return.

ECLN

• 1D: -0.11%
• 1M: -0.66%
• YTD: 13.60%
• 6M: 13.13%
• 1Y: 24.21%
• 3Y*: 16.62%
• 5Y*: 12.57%
• 10Y*: —

UTG

• 1D: 0.41%
• 1M: -5.57%
• YTD: 8.44%
• 6M: 2.25%
• 1Y: 28.68%
• 3Y*: 20.05%
• 5Y*: 11.13%
• 10Y*: 10.34%

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

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

ECLN Risk / Return Rank: 90
ECLN Sharpe Ratio Rank: 89
ECLN Sortino Ratio Rank: 90
ECLN Omega Ratio Rank: 89
ECLN Calmar Ratio Rank: 90
ECLN Martin Ratio Rank: 92

UTG

UTG Risk / Return Rank: 81
UTG Sharpe Ratio Rank: 85
UTG Sortino Ratio Rank: 76
UTG Omega Ratio Rank: 82
UTG Calmar Ratio Rank: 82
UTG Martin Ratio Rank: 79

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.

	ECLN	UTG	Difference
Sharpe ratio Return per unit of total volatility	1.91	1.52	+0.39
Sortino ratio Return per unit of downside risk	2.52	1.83	+0.69
Omega ratio Gain probability vs. loss probability	1.36	1.29	+0.07
Calmar ratio Return relative to maximum drawdown	3.00	2.41	+0.59
Martin ratio Return relative to average drawdown	12.68	5.37	+7.32
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ECLN vs. UTG - Sharpe Ratio Comparison

The current ECLN Sharpe Ratio is 1.91, which is comparable to the UTG Sharpe Ratio of 1.52. The chart below compares the historical Sharpe Ratios of ECLN and UTG, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	ECLN	UTG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.91	1.52	+0.39
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.89	0.68	+0.22
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.48	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.70	0.47	+0.23

Correlation

The correlation between ECLN and UTG is 0.68, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

ECLN vs. UTG - Dividend Comparison

ECLN's dividend yield for the trailing twelve months is around 1.80%, less than UTG's 6.03% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ECLN First Trust EIP Carbon Impact ETF	1.80%	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	6.03%	6.42%	7.19%	8.53%	8.07%	6.35%	6.59%	5.69%	6.86%	6.21%	9.02%	6.86%

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.

Drawdown Indicators

	ECLN	UTG	Difference
Max Drawdown Largest peak-to-trough decline	-32.28%	-67.77%	+35.49%
Max Drawdown (1Y) Largest decline over 1 year	-8.45%	-12.01%	+3.56%
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	-0.89%	-6.02%	+5.13%
Average Drawdown Average peak-to-trough decline	-5.08%	-8.79%	+3.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.00%	5.40%	-3.40%

Volatility

ECLN vs. UTG - Volatility Comparison

The current volatility for First Trust EIP Carbon Impact ETF (ECLN) is 2.87%, while Reaves Utility Income Trust (UTG) has a volatility of 6.42%. 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.

Volatility by Period

	ECLN	UTG	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.87%	6.42%	-3.55%
Volatility (6M) Calculated over the trailing 6-month period	7.36%	13.20%	-5.84%
Volatility (1Y) Calculated over the trailing 1-year period	12.78%	18.93%	-6.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.16%	16.56%	-2.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.52%	21.54%	-4.02%