TRIN vs. UTG

Last updated Jul 14, 2026

TRIN (Trinity Capital Inc.) and UTG (Reaves Utility Income Trust) are both stocks. Both operate in the Asset Management industry within the Financial Services sector. Over the past 5 years, TRIN returned 20.98%/yr vs 10.81%/yr for UTG. At a 0.28 correlation, their price movements are largely independent.

Performance

TRIN vs. UTG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Trinity Capital Inc. (TRIN) 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, TRIN achieves a 35.72% return, which is significantly higher than UTG's 14.11% return.

TRIN

• 1D: -0.23%
• 1M: 10.40%
• 6M: 24.66%
• YTD: 35.72%
• 1Y: 47.57%
• 3Y*: 24.23%
• 5Y*: 20.98%
• 10Y*: —

UTG

• 1D: -0.17%
• 1M: 0.43%
• 6M: 13.74%
• YTD: 14.11%
• 1Y: 19.73%
• 3Y*: 21.81%
• 5Y*: 10.81%
• 10Y*: 10.06%

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

TRIN vs. UTG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
TRIN Trinity Capital Inc.	35.72%	16.01%	14.83%	53.97%	-26.60%	36.20%
UTG Reaves Utility Income Trust	14.11%	23.24%	28.10%	2.84%	-13.38%	14.66%

Correlation

The correlation between TRIN and UTG is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.21
Correlation (3Y) Calculated over the trailing 3-year period	0.30
Correlation (5Y) Calculated over the trailing 5-year period	0.29
Correlation (All Time) Calculated using the full available price history since Jan 29, 2021	0.28

Fundamentals

Market Cap TRIN : $1.31B UTG : $3.73B
EPS TRIN : $1.99 UTG : $22.08
PE Ratio TRIN : 8.82 UTG : 1.85
PS Ratio TRIN : 4.92 UTG : 6.97
PB Ratio TRIN : 1.26 UTG : 0.93
Total Revenue (TTM) TRIN : $276.05M UTG : $532.00M
Gross Profit (TTM) TRIN : $219.75M UTG : $478.68M
EBITDA (TTM) TRIN : $195.35M UTG : $2.08B

Return for Risk

TRIN vs. UTG — Risk / Return Rank

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

TRIN

TRIN Risk / Return Rank: 90
TRIN Sharpe Ratio Rank: 94
TRIN Sortino Ratio Rank: 93
TRIN Omega Ratio Rank: 91
TRIN Calmar Ratio Rank: 88
TRIN Martin Ratio Rank: 87

UTG

UTG Risk / Return Rank: 74
UTG Sharpe Ratio Rank: 79
UTG Sortino Ratio Rank: 71
UTG Omega Ratio Rank: 71
UTG Calmar Ratio Rank: 76
UTG Martin Ratio Rank: 74

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.

TRIN vs. UTG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Trinity Capital Inc. (TRIN) 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.

	TRIN	UTG	Difference
Sharpe ratio: Return per unit of total volatility	2.26	1.12	+1.13
Sortino ratio: Return per unit of downside risk	3.10	1.52	+1.58
Omega ratio: Gain probability vs. loss probability	1.38	1.20	+0.19
Calmar ratio: Return relative to maximum drawdown	3.19	1.71	+1.48
Martin ratio: Return relative to average drawdown	8.01	3.57	+4.44

TRIN vs. UTG - Sharpe Ratio Comparison

The current TRIN Sharpe Ratio is 2.26, which is higher than the UTG Sharpe Ratio of 1.12. The chart below compares the historical Sharpe Ratios of TRIN 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

TRIN vs. UTG - Drawdown Comparison

The maximum TRIN drawdown since its inception was -43.12%, smaller than the maximum UTG drawdown of -67.77%. Use the drawdown chart below to compare losses from any high point for TRIN and UTG.

Drawdown Indicators

	TRIN	UTG	Difference
Max Drawdown Largest peak-to-trough decline	-43.12%	-67.77%	+24.65%
Max Drawdown (1Y) Largest decline over 1 year	-14.99%	-11.59%	-3.40%
Max Drawdown (3Y) Largest decline over 3 years	-15.58%	-15.03%	-0.55%
Max Drawdown (5Y) Largest decline over 5 years	-43.12%	-26.54%	-16.58%
Max Drawdown (10Y) Largest decline over 10 years	—	-47.91%	—
Current Drawdown Current decline from peak	-1.90%	-5.77%	+3.87%
Average Drawdown Average peak-to-trough decline	-8.79%	-8.72%	-0.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.95%	5.53%	+0.42%

Volatility

TRIN vs. UTG - Volatility Comparison

Trinity Capital Inc. (TRIN) has a higher volatility of 7.53% compared to Reaves Utility Income Trust (UTG) at 6.34%. This indicates that TRIN'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

	TRIN	UTG	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.53%	6.34%	+1.19%
Volatility (6M) Calculated over the trailing 6-month period	16.49%	13.79%	+2.70%
Volatility (1Y) Calculated over the trailing 1-year period	21.22%	17.67%	+3.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.78%	17.06%	+9.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.96%	21.67%	+5.29%

Dividends

TRIN vs. UTG - Dividend Comparison

TRIN's dividend yield for the trailing twelve months is around 17.22%, more than UTG's 5.89% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
TRIN Trinity Capital Inc.	17.22%	13.92%	14.10%	14.04%	21.32%	7.17%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
UTG Reaves Utility Income Trust	5.89%	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 TRIN and UTG in my portfolio?

TRIN and UTG have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TRIN or UTG?

TRIN has higher volatility (7.53%) compared to UTG (6.34%). In terms of maximum drawdown, TRIN dropped -43.12% vs UTG's -67.77%.

Which has better risk-adjusted returns?

TRIN currently has the higher Sharpe Ratio (2.26 vs 1.12), 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.