FPWR vs. UTES
FPWR (First Trust EIP Power Solutions ETF) and UTES (Virtus Reaves Utilities ETF) are both Utilities Equities funds. Both are actively managed. Over the past 5 years, FPWR returned 11.83%/yr vs 14.97%/yr for UTES. Their correlation of 0.81 means they have usually moved in the same direction. FPWR charges 0.96%/yr vs 0.49%/yr for UTES.
Performance
FPWR vs. UTES - Performance Comparison
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Returns By Period
In the year-to-date period, FPWR achieves a 13.39% return, which is significantly higher than UTES's -1.07% return.
FPWR
- 1D
- 0.36%
- 1M
- -1.21%
- 6M
- 8.08%
- YTD
- 13.39%
- 1Y
- 15.04%
- 3Y*
- 16.91%
- 5Y*
- 11.83%
- 10Y*
- —
- ALL TIME*
- 11.54%
UTES
- 1D
- -0.03%
- 1M
- -4.28%
- 6M
- 0.59%
- YTD
- -1.07%
- 1Y
- -3.98%
- 3Y*
- 21.10%
- 5Y*
- 14.97%
- 10Y*
- 11.78%
- ALL TIME*
- 13.50%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $574.53K | $356.10K | $234.78K | |
| $11.16M | $10.04M | $13.72M |
FPWR vs. UTES - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
FPWR First Trust EIP Power Solutions ETF | 13.39% | 16.78% | 22.60% | -3.36% | 5.28% | 12.26% | 8.98% | 5.66% |
UTES Virtus Reaves Utilities ETF | -1.07% | 25.71% | 45.35% | -2.46% | 0.80% | 20.74% | -0.30% | 4.38% |
Correlation
The correlation between FPWR and UTES is 0.65, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.65 |
Correlation (3Y) Balances recent behavior with more history. | 0.75 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.80 |
Correlation (All Time) Calculated using the full available price history since Aug 20, 2019 | 0.81 |
The correlation between FPWR and UTES shifts across timeframes, from 0.65 (1 year) to 0.81 (all time), reflecting how their relationship changes across market environments.
FPWR vs. UTES - Sectors Allocation Comparison
Sectors
FPWR
UTES
Utilities
Energy
-
Industrials
-
Financial Services
-
Technology
-
Basic Materials
-
-
Communication Services
-
-
Consumer Cyclical
-
-
Consumer Defensive
-
-
Healthcare
-
-
Real Estate
-
-
Utilities
FPWR
UTES
Energy
FPWR
UTES
-
Industrials
FPWR
UTES
-
Financial Services
FPWR
UTES
-
Technology
FPWR
UTES
-
Basic Materials
FPWR
-
UTES
-
Communication Services
FPWR
-
UTES
-
Consumer Cyclical
FPWR
-
UTES
-
Consumer Defensive
FPWR
-
UTES
-
Healthcare
FPWR
-
UTES
-
Real Estate
FPWR
-
UTES
-
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Return for Risk
FPWR vs. UTES — Risk / Return Rank
FPWR
UTES
FPWR vs. UTES - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust EIP Power Solutions ETF (FPWR) 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.
| FPWR | UTES | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.56 | ||
| Sortino ratioReturn per unit of downside risk | +2.14 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 0.98 | +0.25 |
| Calmar ratioReturn relative to maximum drawdown | 2.94 | -0.31 | +3.25 |
| Martin ratioReturn relative to average drawdown | 7.12 | -0.65 | +7.77 |
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Drawdowns
FPWR vs. UTES - Drawdown Comparison
The maximum FPWR drawdown since its inception was -32.28%, smaller than the maximum UTES drawdown of -35.39%. Use the drawdown chart below to compare losses from any high point for FPWR and UTES.
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Drawdown Indicators
| FPWR | UTES | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.28% | -35.39% | +3.11% |
Max Drawdown (1Y)Largest decline over 1 year | -5.02% | -13.88% | +8.86% |
Max Drawdown (3Y)Largest decline over 3 years | -11.05% | -17.62% | +6.57% |
Max Drawdown (5Y)Largest decline over 5 years | -19.88% | -20.40% | +0.52% |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.39% | — |
Current DrawdownCurrent decline from peak | -2.59% | -10.30% | +7.71% |
Average DrawdownAverage peak-to-trough decline | -4.93% | -5.54% | +0.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.07% | 6.72% | -4.65% |
Volatility
FPWR vs. UTES - Volatility Comparison
The current volatility for First Trust EIP Power Solutions ETF (FPWR) is 3.74%, while Virtus Reaves Utilities ETF (UTES) has a volatility of 5.50%. This indicates that FPWR experiences smaller price fluctuations and is considered to be less risky than UTES based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FPWR | UTES | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.74% | 5.50% | -1.76% |
Volatility (6M)Calculated over the trailing 6-month period | 8.66% | 16.19% | -7.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.86% | 21.39% | -10.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.25% | 20.74% | -6.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.30% | 20.26% | -2.96% |
FPWR vs. UTES - Expense Ratio Comparison
FPWR has a 0.96% expense ratio, which is higher than UTES's 0.49% expense ratio.
Dividends
FPWR vs. UTES - Dividend Comparison
FPWR's dividend yield for the trailing twelve months is around 1.92%, more than UTES's 1.53% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FPWR First Trust EIP Power Solutions ETF | 1.92% | 1.97% | 2.52% | 2.54% | 1.72% | 1.66% | 1.68% | 0.71% | 0.00% | 0.00% | 0.00% | 0.00% |
UTES Virtus Reaves Utilities ETF | 1.53% | 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
FPWR and UTES have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UTES has higher volatility (5.50%) compared to FPWR (3.74%). In terms of maximum drawdown, FPWR dropped -32.28% vs UTES's -35.39%.
On 5-year performance, UTES leads with 14.97% vs 11.83% for FPWR. On fees, UTES is cheaper at 0.49% per year. On volatility, FPWR has been the lower-risk option at 3.74%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, UTES has performed better with a 14.97% return vs 11.83%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
UTES is cheaper with a 0.49% expense ratio, compared with 0.96% for FPWR.
FPWR has the higher dividend yield at 1.92%, compared with 1.53% for UTES.
They also come from different issuers: First Trust and Virtus. Their fees differ too: 0.96% for FPWR and 0.49% for UTES.
FPWR currently has the higher Sharpe Ratio (1.36 vs -0.20), 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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