EVUAX vs. GUT

Last updated Jun 4, 2026

EVUAX (Allspring Utility and Telecommunications Fund) and GUT (The Gabelli Utility Trust) are both Utilities Equities funds. Over the past 10 years, EVUAX returned 10.61%/yr vs 9.17%/yr for GUT. At a 0.26 correlation, their price movements are largely independent. EVUAX charges 1.04%/yr vs 0.01%/yr for GUT.

Performance

EVUAX vs. GUT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Allspring Utility and Telecommunications Fund (EVUAX) and The Gabelli Utility Trust (GUT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EVUAX achieves a 3.57% return, which is significantly lower than GUT's 8.30% return. Over the past 10 years, EVUAX has outperformed GUT with an annualized return of 10.61%, while GUT has yielded a comparatively lower 9.17% annualized return.

EVUAX

• 1D: 1.62%
• 1M: -4.61%
• YTD: 3.57%
• 6M: 1.56%
• 1Y: 9.74%
• 3Y*: 12.45%
• 5Y*: 6.76%
• 10Y*: 10.61%

GUT

• 1D: 0.32%
• 1M: 3.27%
• YTD: 8.30%
• 6M: 8.30%
• 1Y: 25.41%
• 3Y*: 8.45%
• 5Y*: 6.60%
• 10Y*: 9.17%

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

EVUAX vs. GUT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EVUAX Allspring Utility and Telecommunications Fund	3.57%	15.41%	17.68%	-5.17%	-3.47%	13.95%	4.19%	54.25%	3.25%	13.66%
GUT The Gabelli Utility Trust	8.30%	33.14%	6.01%	-21.07%	-1.10%	9.51%	13.19%	42.32%	-7.87%	22.98%

Correlation

The correlation between EVUAX and GUT is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.20
Correlation (3Y) Calculated over the trailing 3-year period	0.26
Correlation (5Y) Calculated over the trailing 5-year period	0.28
Correlation (10Y) Calculated over the trailing 10-year period	0.27
Correlation (All Time) Calculated using the full available price history since Jul 13, 1999	0.26

Return for Risk

EVUAX vs. GUT — Risk / Return Rank

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

EVUAX

EVUAX Risk / Return Rank: 10
EVUAX Sharpe Ratio Rank: 10
EVUAX Sortino Ratio Rank: 9
EVUAX Omega Ratio Rank: 9
EVUAX Calmar Ratio Rank: 14
EVUAX Martin Ratio Rank: 10

GUT

GUT Risk / Return Rank: 55
GUT Sharpe Ratio Rank: 35
GUT Sortino Ratio Rank: 34
GUT Omega Ratio Rank: 34
GUT Calmar Ratio Rank: 90
GUT Martin Ratio Rank: 83

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.

EVUAX vs. GUT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Allspring Utility and Telecommunications Fund (EVUAX) and The Gabelli Utility Trust (GUT). 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.

	EVUAX	GUT	Difference
Sharpe ratio: Return per unit of total volatility	0.77	1.72	-0.94
Sortino ratio: Return per unit of downside risk	1.11	2.43	-1.32
Omega ratio: Gain probability vs. loss probability	1.14	1.31	-0.17
Calmar ratio: Return relative to maximum drawdown	1.32	4.73	-3.41
Martin ratio: Return relative to average drawdown	3.01	15.59	-12.58
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EVUAX vs. GUT - Sharpe Ratio Comparison

The current EVUAX Sharpe Ratio is 0.77, which is lower than the GUT Sharpe Ratio of 1.72. The chart below compares the historical Sharpe Ratios of EVUAX and GUT, 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

	EVUAX	GUT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.77	1.72	-0.94
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.40	0.31	+0.09
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.56	0.39	+0.17
Sharpe Ratio (All Time) Calculated using the full available price history	0.67	0.30	+0.37

Drawdowns

EVUAX vs. GUT - Drawdown Comparison

The maximum EVUAX drawdown since its inception was -56.00%, which is greater than GUT's maximum drawdown of -52.79%. Use the drawdown chart below to compare losses from any high point for EVUAX and GUT.

Drawdown Indicators

	EVUAX	GUT	Difference
Max Drawdown Largest peak-to-trough decline	-56.00%	-52.79%	-3.21%
Max Drawdown (1Y) Largest decline over 1 year	-7.68%	-5.40%	-2.28%
Max Drawdown (3Y) Largest decline over 3 years	-14.26%	-30.63%	+16.37%
Max Drawdown (5Y) Largest decline over 5 years	-23.32%	-33.94%	+10.62%
Max Drawdown (10Y) Largest decline over 10 years	-31.72%	-42.21%	+10.49%
Current Drawdown Current decline from peak	-5.53%	-0.79%	-4.74%
Average Drawdown Average peak-to-trough decline	-9.57%	-8.00%	-1.57%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.36%	1.63%	+1.73%

Volatility

EVUAX vs. GUT - Volatility Comparison

Allspring Utility and Telecommunications Fund (EVUAX) has a higher volatility of 4.90% compared to The Gabelli Utility Trust (GUT) at 4.05%. This indicates that EVUAX's price experiences larger fluctuations and is considered to be riskier than GUT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EVUAX	GUT	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.90%	4.05%	+0.85%
Volatility (6M) Calculated over the trailing 6-month period	10.68%	10.40%	+0.28%
Volatility (1Y) Calculated over the trailing 1-year period	13.11%	14.88%	-1.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.14%	21.48%	-4.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.10%	23.79%	-4.69%

EVUAX vs. GUT - Expense Ratio Comparison

EVUAX has a 1.04% expense ratio, which is higher than GUT's 0.01% expense ratio.

Dividends

EVUAX vs. GUT - Dividend Comparison

EVUAX's dividend yield for the trailing twelve months is around 5.85%, less than GUT's 9.57% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EVUAX Allspring Utility and Telecommunications Fund	5.85%	6.17%	4.70%	5.76%	11.09%	13.01%	13.60%	35.11%	1.96%	1.75%	1.34%	1.95%
GUT The Gabelli Utility Trust	9.57%	9.95%	11.73%	11.07%	7.99%	7.28%	7.39%	7.72%	10.10%	8.45%	9.52%	10.53%

Frequently Asked Questions

Can I hold both EVUAX and GUT in my portfolio?

EVUAX and GUT have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EVUAX or GUT?

EVUAX has higher volatility (4.90%) compared to GUT (4.05%). In terms of maximum drawdown, EVUAX dropped -56.00% vs GUT's -52.79%.

Which has better risk-adjusted returns?

GUT currently has the higher Sharpe Ratio (1.72 vs 0.77), 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.