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IBHD vs. UTES
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Key characteristics


IBHDUTES
YTD Return5.24%48.34%
1Y Return6.91%52.45%
3Y Return (Ann)4.10%16.35%
5Y Return (Ann)4.02%12.82%
Sharpe Ratio4.023.12
Sortino Ratio6.234.17
Omega Ratio2.021.53
Calmar Ratio13.183.99
Martin Ratio76.2019.18
Ulcer Index0.09%3.03%
Daily Std Dev1.69%18.63%
Max Drawdown-20.11%-35.39%
Current Drawdown-0.02%-1.61%

Correlation

-0.50.00.51.00.3

The correlation between IBHD and UTES is 0.30, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Performance

IBHD vs. UTES - Performance Comparison

In the year-to-date period, IBHD achieves a 5.24% return, which is significantly lower than UTES's 48.34% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


-5.00%0.00%5.00%10.00%15.00%20.00%JuneJulyAugustSeptemberOctoberNovember
2.92%
20.07%
IBHD
UTES

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IBHD vs. UTES - Expense Ratio Comparison

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


UTES
Virtus Reaves Utilities ETF
Expense ratio chart for UTES: current value at 0.49% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.49%
Expense ratio chart for IBHD: current value at 0.35% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.35%

Risk-Adjusted Performance

IBHD vs. UTES - Risk-Adjusted Performance 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.


IBHD
Sharpe ratio
The chart of Sharpe ratio for IBHD, currently valued at 4.02, compared to the broader market-2.000.002.004.004.02
Sortino ratio
The chart of Sortino ratio for IBHD, currently valued at 6.23, compared to the broader market-2.000.002.004.006.008.0010.0012.006.23
Omega ratio
The chart of Omega ratio for IBHD, currently valued at 2.02, compared to the broader market1.001.502.002.503.002.02
Calmar ratio
The chart of Calmar ratio for IBHD, currently valued at 13.18, compared to the broader market0.005.0010.0015.0013.18
Martin ratio
The chart of Martin ratio for IBHD, currently valued at 76.20, compared to the broader market0.0020.0040.0060.0080.00100.00120.0076.20
UTES
Sharpe ratio
The chart of Sharpe ratio for UTES, currently valued at 3.12, compared to the broader market-2.000.002.004.003.12
Sortino ratio
The chart of Sortino ratio for UTES, currently valued at 4.17, compared to the broader market-2.000.002.004.006.008.0010.0012.004.17
Omega ratio
The chart of Omega ratio for UTES, currently valued at 1.53, compared to the broader market1.001.502.002.503.001.53
Calmar ratio
The chart of Calmar ratio for UTES, currently valued at 3.99, compared to the broader market0.005.0010.0015.003.99
Martin ratio
The chart of Martin ratio for UTES, currently valued at 19.18, compared to the broader market0.0020.0040.0060.0080.00100.00120.0019.18

IBHD vs. UTES - Sharpe Ratio Comparison

The current IBHD Sharpe Ratio is 4.02, which is comparable to the UTES Sharpe Ratio of 3.12. The chart below compares the historical Sharpe Ratios of IBHD and UTES, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio1.002.003.004.00JuneJulyAugustSeptemberOctoberNovember
4.02
3.12
IBHD
UTES

Dividends

IBHD vs. UTES - Dividend Comparison

IBHD's dividend yield for the trailing twelve months is around 6.27%, more than UTES's 1.56% yield.


TTM202320222021202020192018201720162015
IBHD
iShares iBonds 2024 Term High Yield & Income ETF
6.27%6.90%4.91%4.43%5.50%3.59%0.00%0.00%0.00%0.00%
UTES
Virtus Reaves Utilities ETF
1.56%2.44%2.13%1.94%2.09%1.84%2.16%2.81%3.28%0.61%

Drawdowns

IBHD vs. UTES - Drawdown Comparison

The maximum IBHD drawdown since its inception was -20.11%, 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. For additional features, visit the drawdowns tool.


-8.00%-6.00%-4.00%-2.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-0.02%
-1.61%
IBHD
UTES

Volatility

IBHD vs. UTES - Volatility Comparison

The current volatility for iShares iBonds 2024 Term High Yield & Income ETF (IBHD) is 0.24%, while Virtus Reaves Utilities ETF (UTES) has a volatility of 7.30%. This indicates that IBHD 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.


0.00%2.00%4.00%6.00%8.00%JuneJulyAugustSeptemberOctoberNovember
0.24%
7.30%
IBHD
UTES