IBHD vs. UTES

Last updated Jun 23, 2026

IBHD (iShares iBonds 2024 Term High Yield & Income ETF) and UTES (Virtus Reaves Utilities ETF) are both exchange-traded funds - IBHD is a High Yield Bonds fund tracking the Bloomberg 2024 Term High Yield and Income Index, while UTES is a Utilities Equities fund actively managed by Virtus Investment Partners. IBHD is passively managed, while UTES is actively managed. IBHD charges 0.35%/yr vs 0.49%/yr for UTES.

Performance

IBHD vs. UTES - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares iBonds 2024 Term High Yield & Income ETF (IBHD) and Virtus Reaves Utilities ETF (UTES). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

IBHD

• 1D: 0.00%
• 1M: 0.00%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

UTES

• 1D: 0.95%
• 1M: 1.74%
• YTD: 5.53%
• 6M: 5.66%
• 1Y: 13.65%
• 3Y*: 24.73%
• 5Y*: 17.31%
• 10Y*: 12.78%

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

IBHD vs. UTES - Yearly Performance Comparison

	2026 (YTD)
IBHD iShares iBonds 2024 Term High Yield & Income ETF	0.00%
UTES Virtus Reaves Utilities ETF	10.66%

Return for Risk

IBHD vs. UTES — Risk / Return Rank

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

IBHD

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

UTES

UTES Risk / Return Rank: 19
UTES Sharpe Ratio Rank: 19
UTES Sortino Ratio Rank: 18
UTES Omega Ratio Rank: 18
UTES Calmar Ratio Rank: 22
UTES Martin Ratio Rank: 19

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.

IBHD vs. UTES - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares iBonds 2024 Term High Yield & Income ETF (IBHD) 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.

	IBHD	UTES	Difference
Sharpe ratio: Return per unit of total volatility	—	0.64	—
Sortino ratio: Return per unit of downside risk	—	0.99	—
Omega ratio: Gain probability vs. loss probability	—	1.12	—
Calmar ratio: Return relative to maximum drawdown	—	0.99	—
Martin ratio: Return relative to average drawdown	—	2.15	—

Drawdowns

IBHD vs. UTES - Drawdown Comparison

The maximum IBHD drawdown since its inception was 0.00%, smaller than the maximum UTES drawdown of -35.39%. Use the drawdown chart below to compare losses from any high point for IBHD and UTES.

Drawdown Indicators

	IBHD	UTES	Difference
Max Drawdown Largest peak-to-trough decline	0.00%	-35.39%	+35.39%
Max Drawdown (1Y) Largest decline over 1 year	—	-13.88%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-17.62%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-20.40%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-35.39%	—
Current Drawdown Current decline from peak	0.00%	-4.32%	+4.32%
Average Drawdown Average peak-to-trough decline	0.00%	-5.53%	+5.53%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	6.35%	—

Volatility

Volatility by Period

	IBHD	UTES	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	6.78%	—
Volatility (6M) Calculated over the trailing 6-month period	—	16.89%	—
Volatility (1Y) Calculated over the trailing 1-year period	0.00%	21.52%	-21.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.00%	20.64%	-20.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.00%	20.21%	-20.21%

IBHD vs. UTES - Expense Ratio Comparison

IBHD has a 0.35% expense ratio, which is lower than UTES's 0.49% expense ratio.

Dividends

IBHD vs. UTES - Dividend Comparison

IBHD has not paid dividends to shareholders, while UTES's dividend yield for the trailing twelve months is around 1.44%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IBHD iShares iBonds 2024 Term High Yield & Income ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
UTES Virtus Reaves Utilities ETF	1.44%	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

Which ETF is better, IBHD or UTES?

On fees, IBHD is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IBHD or UTES?

IBHD is cheaper with a 0.35% expense ratio, compared with 0.49% for UTES.

Which ETF pays a higher dividend yield, IBHD or UTES?

UTES has the higher dividend yield at 1.44%, compared with 0.00% for IBHD.

What is the main difference between IBHD and UTES?

IBHD is categorized as High Yield Bonds, while UTES is Utilities Equities. They also come from different issuers: iShares and Virtus Investment Partners. Their fees differ too: 0.35% for IBHD and 0.49% for UTES.