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

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.

-10.00%0.00%10.00%20.00%30.00%JuneJulyAugustSeptemberOctoberNovember
2.92%
27.93%
IBHD
UTES

Returns By Period

In the year-to-date period, IBHD achieves a 5.44% return, which is significantly lower than UTES's 58.21% return.


IBHD

YTD

5.44%

1M

0.34%

6M

2.94%

1Y

6.39%

5Y (annualized)

4.12%

10Y (annualized)

N/A

UTES

YTD

58.21%

1M

7.45%

6M

30.26%

1Y

61.35%

5Y (annualized)

14.20%

10Y (annualized)

N/A

Key characteristics


IBHDUTES
Sharpe Ratio3.973.34
Sortino Ratio6.154.40
Omega Ratio2.011.56
Calmar Ratio12.944.29
Martin Ratio74.7620.57
Ulcer Index0.09%3.04%
Daily Std Dev1.68%18.71%
Max Drawdown-20.11%-35.39%
Current Drawdown0.00%0.00%

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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%

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.

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.


Sharpe ratio
The chart of Sharpe ratio for IBHD, currently valued at 3.97, compared to the broader market0.002.004.003.973.34
The chart of Sortino ratio for IBHD, currently valued at 6.15, compared to the broader market-2.000.002.004.006.008.0010.006.154.40
The chart of Omega ratio for IBHD, currently valued at 2.01, compared to the broader market0.501.001.502.002.503.002.011.56
The chart of Calmar ratio for IBHD, currently valued at 12.94, compared to the broader market0.005.0010.0015.0012.944.29
The chart of Martin ratio for IBHD, currently valued at 74.76, compared to the broader market0.0020.0040.0060.0080.00100.0074.7620.57
IBHD
UTES

The current IBHD Sharpe Ratio is 3.97, which is comparable to the UTES Sharpe Ratio of 3.34. 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
3.97
3.34
IBHD
UTES

Dividends

IBHD vs. UTES - Dividend Comparison

IBHD's dividend yield for the trailing twelve months is around 6.26%, more than UTES's 1.46% yield.


TTM202320222021202020192018201720162015
IBHD
iShares iBonds 2024 Term High Yield & Income ETF
6.26%6.90%4.91%4.43%5.50%3.59%0.00%0.00%0.00%0.00%
UTES
Virtus Reaves Utilities ETF
1.46%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%JuneJulyAugustSeptemberOctoberNovember00
IBHD
UTES

Volatility

IBHD vs. UTES - Volatility Comparison

The current volatility for iShares iBonds 2024 Term High Yield & Income ETF (IBHD) is 0.25%, while Virtus Reaves Utilities ETF (UTES) has a volatility of 7.65%. 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
0.25%
7.65%
IBHD
UTES