PTGX vs. UTG

Last updated Jun 23, 2026

PTGX (Protagonist Therapeutics Inc) and UTG (Reaves Utility Income Trust) are both stocks. PTGX operates in Biotechnology (Healthcare), while UTG operates in Asset Management (Financial Services). Over the past 5 years, PTGX returned 21.60%/yr vs 12.27%/yr for UTG. At a 0.15 correlation, their price movements are largely independent.

Performance

PTGX vs. UTG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Protagonist Therapeutics Inc (PTGX) and Reaves Utility Income Trust (UTG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PTGX achieves a 31.70% return, which is significantly higher than UTG's 19.18% return.

PTGX

• 1D: 1.92%
• 1M: 15.97%
• YTD: 31.70%
• 6M: 31.60%
• 1Y: 115.65%
• 3Y*: 60.91%
• 5Y*: 21.60%
• 10Y*: —

UTG

• 1D: 1.09%
• 1M: 0.50%
• YTD: 19.18%
• 6M: 21.56%
• 1Y: 30.08%
• 3Y*: 25.12%
• 5Y*: 12.27%
• 10Y*: 10.70%

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

PTGX vs. UTG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PTGX Protagonist Therapeutics Inc	31.70%	126.27%	68.34%	110.17%	-68.10%	69.64%	185.96%	4.75%	-67.64%	-5.41%
UTG Reaves Utility Income Trust	19.18%	23.24%	28.10%	2.84%	-13.38%	14.26%	-5.25%	33.65%	1.84%	6.74%

Correlation

The correlation between PTGX and UTG is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.12
Correlation (3Y) Calculated over the trailing 3-year period	0.19
Correlation (5Y) Calculated over the trailing 5-year period	0.19
Correlation (All Time) Calculated using the full available price history since Aug 11, 2016	0.15

Fundamentals

Market Cap PTGX : $8.11B UTG : $3.82B
EPS PTGX : -$1.76 UTG : $18.20
PS Ratio PTGX : 424.74 UTG : 7.28
PB Ratio PTGX : 12.37 UTG : 1.09
Total Revenue (TTM) PTGX : $17.70M UTG : $525.39M
Gross Profit (TTM) PTGX : $17.32M UTG : $228.88M
EBITDA (TTM) PTGX : -$127.71M UTG : $1.71B

Return for Risk

PTGX vs. UTG — Risk / Return Rank

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

PTGX

PTGX Risk / Return Rank: 92
PTGX Sharpe Ratio Rank: 91
PTGX Sortino Ratio Rank: 91
PTGX Omega Ratio Rank: 90
PTGX Calmar Ratio Rank: 95
PTGX Martin Ratio Rank: 94

UTG

UTG Risk / Return Rank: 81
UTG Sharpe Ratio Rank: 86
UTG Sortino Ratio Rank: 80
UTG Omega Ratio Rank: 80
UTG Calmar Ratio Rank: 81
UTG Martin Ratio Rank: 79

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.

PTGX vs. UTG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Protagonist Therapeutics Inc (PTGX) 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.

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.

	PTGX	UTG	Difference
Sharpe ratio: Return per unit of total volatility	2.28	1.75	+0.53
Sortino ratio: Return per unit of downside risk	3.25	2.26	+0.99
Omega ratio: Gain probability vs. loss probability	1.41	1.30	+0.11
Calmar ratio: Return relative to maximum drawdown	7.10	2.61	+4.49
Martin ratio: Return relative to average drawdown	16.26	5.66	+10.61

PTGX vs. UTG - Sharpe Ratio Comparison

The current PTGX Sharpe Ratio is 2.28, which is higher than the UTG Sharpe Ratio of 1.75. The chart below compares the historical Sharpe Ratios of PTGX and UTG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

PTGX vs. UTG - Drawdown Comparison

The maximum PTGX drawdown since its inception was -85.79%, which is greater than UTG's maximum drawdown of -67.77%. Use the drawdown chart below to compare losses from any high point for PTGX and UTG.

Drawdown Indicators

	PTGX	UTG	Difference
Max Drawdown Largest peak-to-trough decline	-85.79%	-67.77%	-18.02%
Max Drawdown (1Y) Largest decline over 1 year	-16.38%	-11.59%	-4.79%
Max Drawdown (3Y) Largest decline over 3 years	-51.13%	-15.03%	-36.10%
Max Drawdown (5Y) Largest decline over 5 years	-85.79%	-26.54%	-59.25%
Max Drawdown (10Y) Largest decline over 10 years	—	-47.91%	—
Current Drawdown Current decline from peak	0.00%	-1.59%	+1.59%
Average Drawdown Average peak-to-trough decline	-40.59%	-8.73%	-31.86%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.14%	5.33%	+1.81%

Volatility

PTGX vs. UTG - Volatility Comparison

Protagonist Therapeutics Inc (PTGX) has a higher volatility of 15.00% compared to Reaves Utility Income Trust (UTG) at 6.10%. This indicates that PTGX'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.

Volatility by Period

	PTGX	UTG	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.00%	6.10%	+8.90%
Volatility (6M) Calculated over the trailing 6-month period	29.56%	13.30%	+16.26%
Volatility (1Y) Calculated over the trailing 1-year period	51.19%	17.32%	+33.87%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	85.15%	16.95%	+68.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	90.70%	21.64%	+69.06%

Dividends

PTGX vs. UTG - Dividend Comparison

PTGX has not paid dividends to shareholders, while UTG's dividend yield for the trailing twelve months is around 5.64%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PTGX Protagonist Therapeutics Inc	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
UTG Reaves Utility Income Trust	5.64%	6.42%	7.19%	8.53%	8.07%	6.35%	6.59%	5.69%	6.86%	6.21%	9.02%	6.86%

Financials

Frequently Asked Questions

Can I hold both PTGX and UTG in my portfolio?

PTGX and UTG have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PTGX or UTG?

PTGX has higher volatility (15.00%) compared to UTG (6.10%). In terms of maximum drawdown, PTGX dropped -85.79% vs UTG's -67.77%.

Which has better risk-adjusted returns?

PTGX currently has the higher Sharpe Ratio (2.28 vs 1.75), 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.