NMFC vs. UTG
NMFC (New Mountain Finance Corporation) and UTG (Reaves Utility Income Trust) are both stocks. Both operate in the Asset Management industry within the Financial Services sector. Over the past 10 years, NMFC returned 6.08%/yr vs 10.17%/yr for UTG. At a 0.26 correlation, their price movements are largely independent.
Performance
NMFC vs. UTG - Performance Comparison
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Returns By Period
In the year-to-date period, NMFC achieves a -11.79% return, which is significantly lower than UTG's 12.62% return. Over the past 10 years, NMFC has underperformed UTG with an annualized return of 6.08%, while UTG has yielded a comparatively higher 10.17% annualized return.
NMFC
- 1D
- -0.51%
- 1M
- -5.92%
- YTD
- -11.79%
- 6M
- -13.53%
- 1Y
- -16.84%
- 3Y*
- -3.49%
- 5Y*
- -0.05%
- 10Y*
- 6.08%
UTG
- 1D
- -1.44%
- 1M
- -4.42%
- YTD
- 12.62%
- 6M
- 12.10%
- 1Y
- 23.24%
- 3Y*
- 22.14%
- 5Y*
- 10.59%
- 10Y*
- 10.17%
NMFC vs. UTG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NMFC New Mountain Finance Corporation | -11.79% | -7.17% | -0.95% | 15.47% | -0.55% | 31.94% | -7.13% | 20.64% | 2.78% | 5.71% |
UTG Reaves Utility Income Trust | 12.62% | 23.24% | 28.10% | 2.84% | -13.38% | 14.26% | -5.25% | 33.65% | 1.84% | 6.74% |
Correlation
The correlation between NMFC and UTG is 0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.29 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since May 23, 2011 | 0.26 |
Over the past year, the correlation between NMFC and UTG has dropped to 0.06 - well below their long-term average of 0.26, suggesting their price drivers have been diverging.
Fundamentals
NMFC:
$328.53
UTG:
$18.20
NMFC:
0.02
UTG:
2.22
NMFC:
2.30
UTG:
6.91
NMFC:
$315.55M
UTG:
$525.39M
NMFC:
$203.95M
UTG:
$228.88M
NMFC:
$106.53M
UTG:
$1.71B
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Return for Risk
NMFC vs. UTG — Risk / Return Rank
NMFC
UTG
NMFC vs. UTG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for New Mountain Finance Corporation (NMFC) 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.
| NMFC | UTG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.14 | ||
| Sortino ratioReturn per unit of downside risk | -2.81 | ||
| Omega ratioGain probability vs. loss probability | 0.89 | 1.24 | -0.35 |
| Calmar ratioReturn relative to maximum drawdown | -0.69 | 2.01 | -2.70 |
| Martin ratioReturn relative to average drawdown | -1.35 | 4.46 | -5.81 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| NMFC | UTG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.75 | 1.39 | -2.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.00 | 0.63 | -0.63 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.24 | 0.47 | -0.24 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.31 | 0.48 | -0.17 |
Drawdowns
NMFC vs. UTG - Drawdown Comparison
The maximum NMFC drawdown since its inception was -64.16%, smaller than the maximum UTG drawdown of -67.77%. Use the drawdown chart below to compare losses from any high point for NMFC and UTG.
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Drawdown Indicators
| NMFC | UTG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.16% | -67.77% | +3.61% |
Max Drawdown (1Y)Largest decline over 1 year | -24.56% | -11.59% | -12.97% |
Max Drawdown (3Y)Largest decline over 3 years | -27.77% | -15.03% | -12.74% |
Max Drawdown (5Y)Largest decline over 5 years | -27.77% | -26.54% | -1.23% |
Max Drawdown (10Y)Largest decline over 10 years | -64.16% | -47.91% | -16.25% |
Current DrawdownCurrent decline from peak | -23.29% | -7.00% | -16.29% |
Average DrawdownAverage peak-to-trough decline | -5.45% | -8.74% | +3.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.48% | 5.22% | +7.26% |
Volatility
NMFC vs. UTG - Volatility Comparison
New Mountain Finance Corporation (NMFC) has a higher volatility of 6.73% compared to Reaves Utility Income Trust (UTG) at 6.24%. This indicates that NMFC'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
| NMFC | UTG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.73% | 6.24% | +0.49% |
Volatility (6M)Calculated over the trailing 6-month period | 18.23% | 12.95% | +5.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.67% | 16.83% | +5.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.54% | 16.84% | +1.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.91% | 21.61% | +4.30% |
Dividends
NMFC vs. UTG - Dividend Comparison
NMFC's dividend yield for the trailing twelve months is around 16.43%, more than UTG's 5.91% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NMFC New Mountain Finance Corporation | 16.43% | 13.90% | 12.17% | 11.40% | 9.86% | 8.76% | 10.92% | 9.90% | 10.81% | 10.04% | 9.65% | 10.45% |
UTG Reaves Utility Income Trust | 5.91% | 6.42% | 7.19% | 8.53% | 8.07% | 6.35% | 6.59% | 5.69% | 6.86% | 6.21% | 9.02% | 6.86% |
Financials
NMFC vs. UTG - Financials Comparison
This section allows you to compare key financial metrics between New Mountain Finance Corporation and Reaves Utility Income Trust. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
Frequently Asked Questions
NMFC and UTG have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NMFC has higher volatility (6.73%) compared to UTG (6.24%). In terms of maximum drawdown, NMFC dropped -64.16% vs UTG's -67.77%.
UTG currently has the higher Sharpe Ratio (1.39 vs -0.75), 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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