GUT vs. ICSH
GUT (The Gabelli Utility Trust) and ICSH (iShares Ultra Short Duration Bond Active ETF) are both funds - GUT is a Utilities Equities fund managed by Gabelli Funds, while ICSH is a Ultrashort Bond fund actively managed by iShares. Over the past 10 years, GUT returned 9.53%/yr vs 2.77%/yr for ICSH. At a 0.06 correlation, their price movements are largely independent. GUT charges 0.01%/yr vs 0.08%/yr for ICSH.
Performance
GUT vs. ICSH - Performance Comparison
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Returns By Period
In the year-to-date period, GUT achieves a 12.82% return, which is significantly higher than ICSH's 1.55% return. Over the past 10 years, GUT has outperformed ICSH with an annualized return of 9.53%, while ICSH has yielded a comparatively lower 2.77% annualized return.
GUT
- 1D
- 2.05%
- 1M
- 4.67%
- YTD
- 12.82%
- 6M
- 12.82%
- 1Y
- 24.54%
- 3Y*
- 9.46%
- 5Y*
- 5.98%
- 10Y*
- 9.53%
ICSH
- 1D
- 0.04%
- 1M
- 0.24%
- YTD
- 1.55%
- 6M
- 1.72%
- 1Y
- 4.15%
- 3Y*
- 5.11%
- 5Y*
- 3.69%
- 10Y*
- 2.77%
GUT vs. ICSH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GUT The Gabelli Utility Trust | 12.82% | 33.14% | 6.01% | -21.07% | -1.10% | 9.51% | 13.19% | 42.32% | -7.87% | 22.98% |
ICSH iShares Ultra Short Duration Bond Active ETF | 1.55% | 4.96% | 5.52% | 5.58% | 0.97% | 0.16% | 1.61% | 3.17% | 2.25% | 1.63% |
Correlation
The correlation between GUT and ICSH is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.09 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.11 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.07 |
Correlation (All Time) Calculated using the full available price history since Dec 13, 2013 | 0.06 |
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Return for Risk
GUT vs. ICSH — Risk / Return Rank
GUT
ICSH
GUT vs. ICSH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for The Gabelli Utility Trust (GUT) and iShares Ultra Short Duration Bond Active ETF (ICSH). 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.
| GUT | ICSH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -8.54 | ||
| Sortino ratioReturn per unit of downside risk | -20.01 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 5.60 | -4.30 |
| Calmar ratioReturn relative to maximum drawdown | 4.56 | 42.20 | -37.64 |
| Martin ratioReturn relative to average drawdown | 15.13 | 238.45 | -223.32 |
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Drawdowns
GUT vs. ICSH - Drawdown Comparison
The maximum GUT drawdown since its inception was -52.79%, which is greater than ICSH's maximum drawdown of -3.94%. Use the drawdown chart below to compare losses from any high point for GUT and ICSH.
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Drawdown Indicators
| GUT | ICSH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.79% | -3.94% | -48.85% |
Max Drawdown (1Y)Largest decline over 1 year | -5.40% | -0.10% | -5.30% |
Max Drawdown (3Y)Largest decline over 3 years | -30.63% | -0.10% | -30.53% |
Max Drawdown (5Y)Largest decline over 5 years | -33.94% | -0.73% | -33.21% |
Max Drawdown (10Y)Largest decline over 10 years | -42.21% | -3.94% | -38.27% |
Current DrawdownCurrent decline from peak | 0.00% | -0.05% | +0.05% |
Average DrawdownAverage peak-to-trough decline | -8.50% | -0.08% | -8.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.63% | 0.02% | +1.61% |
Volatility
GUT vs. ICSH - Volatility Comparison
The Gabelli Utility Trust (GUT) has a higher volatility of 3.56% compared to iShares Ultra Short Duration Bond Active ETF (ICSH) at 0.16%. This indicates that GUT's price experiences larger fluctuations and is considered to be riskier than ICSH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GUT | ICSH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.56% | 0.16% | +3.40% |
Volatility (6M)Calculated over the trailing 6-month period | 10.62% | 0.32% | +10.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.85% | 0.41% | +14.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.45% | 0.49% | +20.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.80% | 1.06% | +22.74% |
GUT vs. ICSH - Expense Ratio Comparison
GUT has a 0.01% expense ratio, which is lower than ICSH's 0.08% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
GUT vs. ICSH - Dividend Comparison
GUT's dividend yield for the trailing twelve months is around 9.26%, more than ICSH's 4.34% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GUT The Gabelli Utility Trust | 9.26% | 9.95% | 11.73% | 11.07% | 7.99% | 7.28% | 7.39% | 7.72% | 10.10% | 8.45% | 9.52% | 10.53% |
ICSH iShares Ultra Short Duration Bond Active ETF | 4.34% | 4.55% | 5.24% | 4.78% | 1.66% | 0.42% | 1.21% | 2.61% | 2.20% | 1.36% | 0.88% | 0.54% |
Frequently Asked Questions
GUT and ICSH have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GUT has higher volatility (3.56%) compared to ICSH (0.16%). In terms of maximum drawdown, GUT dropped -52.79% vs ICSH's -3.94%.
ICSH currently has the higher Sharpe Ratio (10.20 vs 1.66), 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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