TLN vs. UTES

Last updated Jun 4, 2026

TLN (Talen Energy Corporation) is a stock, while UTES (Virtus Reaves Utilities ETF) is Utilities Equities fund actively managed by Virtus Investment Partners. Over the past year, TLN returned 48.58% vs 7.86% for UTES. A 0.62 correlation means they provide meaningful diversification when combined.

Performance

TLN vs. UTES - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Talen Energy Corporation (TLN) and Virtus Reaves Utilities ETF (UTES). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TLN achieves a 1.27% return, which is significantly higher than UTES's 0.08% return.

TLN

• 1D: -1.54%
• 1M: -1.31%
• YTD: 1.27%
• 6M: 3.87%
• 1Y: 48.58%
• 3Y*: —
• 5Y*: —
• 10Y*: —

UTES

• 1D: -0.98%
• 1M: -6.58%
• YTD: 0.08%
• 6M: -1.81%
• 1Y: 7.86%
• 3Y*: 22.78%
• 5Y*: 15.66%
• 10Y*: 12.40%

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

TLN vs. UTES - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
TLN Talen Energy Corporation	1.27%	86.05%	214.80%	37.63%
UTES Virtus Reaves Utilities ETF	0.08%	25.71%	45.35%	1.20%

Correlation

The correlation between TLN and UTES is 0.77, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.77
Correlation (All Time) Calculated using the full available price history since Jun 5, 2023	0.62

The correlation between TLN and UTES shifts across timeframes, from 0.62 (all time) to 0.77 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

TLN vs. UTES — Risk / Return Rank

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

TLN

TLN Risk / Return Rank: 67
TLN Sharpe Ratio Rank: 68
TLN Sortino Ratio Rank: 66
TLN Omega Ratio Rank: 64
TLN Calmar Ratio Rank: 69
TLN Martin Ratio Rank: 67

UTES

UTES Risk / Return Rank: 14
UTES Sharpe Ratio Rank: 14
UTES Sortino Ratio Rank: 14
UTES Omega Ratio Rank: 14
UTES Calmar Ratio Rank: 15
UTES Martin Ratio Rank: 15

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.

TLN vs. UTES - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Talen Energy Corporation (TLN) 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.

	TLN	UTES	Difference
Sharpe ratio: Return per unit of total volatility	0.87	0.37	+0.50
Sortino ratio: Return per unit of downside risk	1.57	0.64	+0.92
Omega ratio: Gain probability vs. loss probability	1.19	1.08	+0.11
Calmar ratio: Return relative to maximum drawdown	1.52	0.57	+0.95
Martin ratio: Return relative to average drawdown	3.12	1.30	+1.83
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TLN vs. UTES - Sharpe Ratio Comparison

The current TLN Sharpe Ratio is 0.87, which is higher than the UTES Sharpe Ratio of 0.37. The chart below compares the historical Sharpe Ratios of TLN and UTES, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	TLN	UTES	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.87	0.37	+0.50
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.76	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.62	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.05	0.70	+1.35

Drawdowns

TLN vs. UTES - Drawdown Comparison

The maximum TLN drawdown since its inception was -33.80%, roughly equal to the maximum UTES drawdown of -35.39%. Use the drawdown chart below to compare losses from any high point for TLN and UTES.

Drawdown Indicators

	TLN	UTES	Difference
Max Drawdown Largest peak-to-trough decline	-33.80%	-35.39%	+1.59%
Max Drawdown (1Y) Largest decline over 1 year	-32.05%	-13.88%	-18.17%
Max Drawdown (3Y) Largest decline over 3 years	-33.80%	-17.62%	-16.18%
Max Drawdown (5Y) Largest decline over 5 years	—	-20.40%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-35.39%	—
Current Drawdown Current decline from peak	-14.86%	-9.26%	-5.60%
Average Drawdown Average peak-to-trough decline	-7.23%	-5.52%	-1.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	15.60%	6.08%	+9.52%

Volatility

TLN vs. UTES - Volatility Comparison

Talen Energy Corporation (TLN) has a higher volatility of 18.18% compared to Virtus Reaves Utilities ETF (UTES) at 7.40%. This indicates that TLN's price experiences larger fluctuations and is considered to be riskier than UTES based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TLN	UTES	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.18%	7.40%	+10.78%
Volatility (6M) Calculated over the trailing 6-month period	41.44%	16.95%	+24.49%
Volatility (1Y) Calculated over the trailing 1-year period	56.24%	21.27%	+34.97%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	49.96%	20.60%	+29.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	49.96%	20.16%	+29.80%

Dividends

TLN vs. UTES - Dividend Comparison

TLN has not paid dividends to shareholders, while UTES's dividend yield for the trailing twelve months is around 1.50%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
TLN Talen Energy Corporation	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
UTES Virtus Reaves Utilities ETF	1.50%	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

Can I hold both TLN and UTES in my portfolio?

TLN and UTES have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TLN or UTES?

TLN has higher volatility (18.18%) compared to UTES (7.40%). In terms of maximum drawdown, TLN dropped -33.80% vs UTES's -35.39%.

Which has better risk-adjusted returns?

TLN currently has the higher Sharpe Ratio (0.87 vs 0.37), 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.