O vs. UTES
O (Realty Income Corporation) is a stock, while UTES (Virtus Reaves Utilities ETF) is Utilities Equities fund actively managed by Virtus Investment Partners. Over the past 10 years, O returned 4.89%/yr vs 12.27%/yr for UTES. At a 0.44 correlation, their price movements are largely independent.
Performance
O vs. UTES - Performance Comparison
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Returns By Period
In the year-to-date period, O achieves a 13.70% return, which is significantly higher than UTES's 0.26% return. Over the past 10 years, O has underperformed UTES with an annualized return of 4.89%, while UTES has yielded a comparatively higher 12.27% annualized return.
O
- 1D
- 1.31%
- 1M
- 1.67%
- YTD
- 13.70%
- 6M
- 11.57%
- 1Y
- 14.88%
- 3Y*
- 6.59%
- 5Y*
- 3.49%
- 10Y*
- 4.89%
UTES
- 1D
- 1.56%
- 1M
- -0.82%
- YTD
- 0.26%
- 6M
- 0.49%
- 1Y
- 8.95%
- 3Y*
- 22.00%
- 5Y*
- 15.32%
- 10Y*
- 12.27%
O vs. UTES - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
O Realty Income Corporation | 13.70% | 12.20% | -2.11% | -4.55% | -7.38% | 23.95% | -11.60% | 21.27% | 15.94% | 3.67% |
UTES Virtus Reaves Utilities ETF | 0.26% | 25.71% | 45.35% | -2.46% | 0.80% | 20.74% | -0.30% | 25.48% | 5.14% | 14.21% |
Correlation
The correlation between O and UTES is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.29 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.42 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.44 |
Correlation (All Time) Calculated using the full available price history since Sep 24, 2015 | 0.44 |
Over the past year, the correlation between O and UTES has dropped to 0.22 - well below their long-term average of 0.44, suggesting their price drivers have been diverging.
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Return for Risk
O vs. UTES — Risk / Return Rank
O
UTES
O vs. UTES - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Realty Income Corporation (O) 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.
| O | UTES | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.49 | ||
| Sortino ratioReturn per unit of downside risk | +0.59 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.08 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 1.29 | 0.60 | +0.69 |
| Martin ratioReturn relative to average drawdown | 3.12 | 1.32 | +1.79 |
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Drawdowns
O vs. UTES - Drawdown Comparison
The maximum O drawdown since its inception was -48.45%, which is greater than UTES's maximum drawdown of -35.39%. Use the drawdown chart below to compare losses from any high point for O and UTES.
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Drawdown Indicators
| O | UTES | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.45% | -35.39% | -13.06% |
Max Drawdown (1Y)Largest decline over 1 year | -11.10% | -13.88% | +2.78% |
Max Drawdown (3Y)Largest decline over 3 years | -26.49% | -17.62% | -8.87% |
Max Drawdown (5Y)Largest decline over 5 years | -34.48% | -20.40% | -14.08% |
Max Drawdown (10Y)Largest decline over 10 years | -48.28% | -35.39% | -12.89% |
Current DrawdownCurrent decline from peak | -5.94% | -9.10% | +3.16% |
Average DrawdownAverage peak-to-trough decline | -9.20% | -5.53% | -3.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.58% | 6.29% | -1.71% |
Volatility
O vs. UTES - Volatility Comparison
The current volatility for Realty Income Corporation (O) is 5.29%, while Virtus Reaves Utilities ETF (UTES) has a volatility of 7.23%. This indicates that O 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.
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Volatility by Period
| O | UTES | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.29% | 7.23% | -1.94% |
Volatility (6M)Calculated over the trailing 6-month period | 11.98% | 17.05% | -5.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.21% | 21.32% | -5.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.92% | 20.62% | -1.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.64% | 20.17% | +5.47% |
Dividends
O vs. UTES - Dividend Comparison
O's dividend yield for the trailing twelve months is around 5.16%, more than UTES's 1.49% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
O Realty Income Corporation | 5.16% | 6.19% | 5.37% | 5.33% | 4.68% | 3.87% | 4.51% | 3.69% | 4.19% | 4.45% | 4.18% | 4.41% |
UTES Virtus Reaves Utilities ETF | 1.49% | 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
O and UTES have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UTES has higher volatility (7.23%) compared to O (5.29%). In terms of maximum drawdown, O dropped -48.45% vs UTES's -35.39%.
O currently has the higher Sharpe Ratio (0.88 vs 0.39), 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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