GUT vs. UTG
GUT (The Gabelli Utility Trust) is Utilities Equities fund managed by Gabelli, while UTG (Reaves Utility Income Trust) is a stock. Over the past 10 years, GUT returned 9.25%/yr vs 9.43%/yr for UTG. Their 0.26 correlation means their historical movements had little consistent relationship.
Performance
GUT vs. UTG - Performance Comparison
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Returns By Period
In the year-to-date period, GUT achieves a 11.38% return, which is significantly higher than UTG's 8.27% return. Both investments have delivered pretty close results over the past 10 years, with GUT having a 9.25% annualized return and UTG not far ahead at 9.43%.
GUT
- 1D
- 0.00%
- 1M
- -3.06%
- 6M
- 11.41%
- YTD
- 11.38%
- 1Y
- 16.67%
- 3Y*
- 8.63%
- 5Y*
- 5.18%
- 10Y*
- 9.25%
- ALL TIME*
- 7.32%
UTG
- 1D
- 0.65%
- 1M
- -2.98%
- 6M
- 4.86%
- YTD
- 8.27%
- 1Y
- 7.03%
- 3Y*
- 19.80%
- 5Y*
- 9.49%
- 10Y*
- 9.43%
- ALL TIME*
- 10.76%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.44M | $1.84M | $1.53M | |
| $12.10M | $10.96M | $10.49M |
GUT vs. UTG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GUT The Gabelli Utility Trust | 11.38% | 33.14% | 6.01% | -21.07% | -1.10% | 9.51% | 13.19% | 42.32% | -7.87% | 22.98% |
UTG Reaves Utility Income Trust | 8.27% | 23.24% | 28.10% | 2.84% | -13.38% | 14.26% | -5.25% | 33.65% | 1.84% | 6.74% |
Correlation
The correlation between GUT and UTG is 0.18, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.18 |
Correlation (3Y) Balances recent behavior with more history. | 0.26 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.26 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.26 |
Correlation (All Time) Calculated using the full available price history since Feb 25, 2004 | 0.26 |
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Return for Risk
GUT vs. UTG — Risk / Return Rank
GUT
UTG
GUT vs. UTG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for The Gabelli Utility Trust (GUT) 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.
| GUT | UTG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.64 | ||
| Sortino ratioReturn per unit of downside risk | +0.88 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.08 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 1.71 | 0.54 | +1.16 |
| Martin ratioReturn relative to average drawdown | 7.17 | 1.16 | +6.01 |
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Drawdowns
GUT vs. UTG - Drawdown Comparison
The maximum GUT drawdown since its inception was -52.79%, smaller than the maximum UTG drawdown of -67.77%. Use the drawdown chart below to compare losses from any high point for GUT and UTG.
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Drawdown Indicators
| GUT | UTG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.79% | -67.77% | +14.98% |
Max Drawdown (1Y)Largest decline over 1 year | -9.58% | -12.51% | +2.93% |
Max Drawdown (3Y)Largest decline over 3 years | -29.63% | -14.95% | -14.68% |
Max Drawdown (5Y)Largest decline over 5 years | -33.94% | -26.54% | -7.40% |
Max Drawdown (10Y)Largest decline over 10 years | -42.21% | -47.91% | +5.70% |
Current DrawdownCurrent decline from peak | -8.86% | -10.60% | +1.74% |
Average DrawdownAverage peak-to-trough decline | -8.48% | -8.72% | +0.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.28% | 5.87% | -3.59% |
Volatility
GUT vs. UTG - Volatility Comparison
The Gabelli Utility Trust (GUT) has a higher volatility of 7.15% compared to Reaves Utility Income Trust (UTG) at 5.22%. This indicates that GUT's price experiences larger fluctuations and is considered to be riskier 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
| GUT | UTG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.15% | 5.22% | +1.93% |
Volatility (6M)Calculated over the trailing 6-month period | 12.51% | 14.11% | -1.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.06% | 18.00% | -1.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.63% | 17.17% | +4.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.83% | 21.70% | +2.13% |
Dividends
GUT vs. UTG - Dividend Comparison
GUT's dividend yield for the trailing twelve months is around 9.45%, more than UTG's 6.27% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GUT The Gabelli Utility Trust | 9.45% | 9.95% | 11.73% | 11.07% | 7.99% | 7.28% | 7.39% | 7.72% | 10.10% | 8.45% | 9.52% | 10.53% |
UTG Reaves Utility Income Trust | 6.27% | 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
GUT and UTG have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GUT has higher volatility (7.15%) compared to UTG (5.22%). In terms of maximum drawdown, GUT dropped -52.79% vs UTG's -67.77%.
GUT currently has the higher Sharpe Ratio (1.02 vs 0.38), 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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