URAN vs. UTES

Last updated Jun 4, 2026

URAN (Themes Uranium & Nuclear ETF) and UTES (Virtus Reaves Utilities ETF) are both exchange-traded funds - URAN is a Commodity Producers Equities fund tracking the BITA Global Uranium and Nuclear Select Index, while UTES is a Utilities Equities fund actively managed by Virtus Investment Partners. URAN is passively managed, while UTES is actively managed. Over the past year, URAN returned 28.74% vs 7.86% for UTES. A 0.50 correlation means they provide meaningful diversification when combined. URAN charges 0.35%/yr vs 0.49%/yr for UTES.

Performance

URAN vs. UTES - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Themes Uranium & Nuclear ETF (URAN) 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, URAN achieves a 5.17% return, which is significantly higher than UTES's 0.08% return.

URAN

• 1D: -3.96%
• 1M: -5.96%
• YTD: 5.17%
• 6M: 2.21%
• 1Y: 28.74%
• 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)

URAN vs. UTES - Yearly Performance Comparison

	2026 (YTD)	2025	2024
URAN Themes Uranium & Nuclear ETF	5.17%	49.05%	4.09%
UTES Virtus Reaves Utilities ETF	0.08%	25.71%	1.29%

Correlation

The correlation between URAN and UTES is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.41
Correlation (All Time) Calculated using the full available price history since Sep 25, 2024	0.50

The correlation between URAN and UTES has been stable across timeframes, ranging from 0.41 to 0.50 - a consistent structural relationship.

Return for Risk

URAN vs. UTES — Risk / Return Rank

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

URAN

URAN Risk / Return Rank: 22
URAN Sharpe Ratio Rank: 21
URAN Sortino Ratio Rank: 23
URAN Omega Ratio Rank: 21
URAN Calmar Ratio Rank: 24
URAN Martin Ratio Rank: 20

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.

URAN vs. UTES - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Themes Uranium & Nuclear ETF (URAN) 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.

	URAN	UTES	Difference
Sharpe ratio: Return per unit of total volatility	0.73	0.37	+0.36
Sortino ratio: Return per unit of downside risk	1.25	0.64	+0.60
Omega ratio: Gain probability vs. loss probability	1.15	1.08	+0.07
Calmar ratio: Return relative to maximum drawdown	1.14	0.57	+0.57
Martin ratio: Return relative to average drawdown	2.27	1.30	+0.97
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

URAN vs. UTES - Sharpe Ratio Comparison

The current URAN Sharpe Ratio is 0.73, which is higher than the UTES Sharpe Ratio of 0.37. The chart below compares the historical Sharpe Ratios of URAN 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

	URAN	UTES	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.73	0.37	+0.36
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	0.87	0.70	+0.17

Drawdowns

URAN vs. UTES - Drawdown Comparison

The maximum URAN drawdown since its inception was -31.96%, smaller than the maximum UTES drawdown of -35.39%. Use the drawdown chart below to compare losses from any high point for URAN and UTES.

Drawdown Indicators

	URAN	UTES	Difference
Max Drawdown Largest peak-to-trough decline	-31.96%	-35.39%	+3.43%
Max Drawdown (1Y) Largest decline over 1 year	-25.31%	-13.88%	-11.43%
Max Drawdown (3Y) Largest decline over 3 years	—	-17.62%	—
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	-20.16%	-9.26%	-10.90%
Average Drawdown Average peak-to-trough decline	-10.75%	-5.52%	-5.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.71%	6.08%	+6.63%

Volatility

URAN vs. UTES - Volatility Comparison

Themes Uranium & Nuclear ETF (URAN) has a higher volatility of 12.29% compared to Virtus Reaves Utilities ETF (UTES) at 7.40%. This indicates that URAN'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

	URAN	UTES	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.29%	7.40%	+4.89%
Volatility (6M) Calculated over the trailing 6-month period	29.33%	16.95%	+12.38%
Volatility (1Y) Calculated over the trailing 1-year period	39.47%	21.27%	+18.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	39.13%	20.60%	+18.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	39.13%	20.16%	+18.97%

URAN vs. UTES - Expense Ratio Comparison

URAN has a 0.35% expense ratio, which is lower than UTES's 0.49% expense ratio.

Dividends

URAN vs. UTES - Dividend Comparison

URAN's dividend yield for the trailing twelve months is around 2.44%, more than UTES's 1.50% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
URAN Themes Uranium & Nuclear ETF	2.44%	2.56%	0.21%	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 URAN and UTES in my portfolio?

URAN and UTES have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, URAN or UTES?

URAN has higher volatility (12.29%) compared to UTES (7.40%). In terms of maximum drawdown, URAN dropped -31.96% vs UTES's -35.39%.

Which ETF is better, URAN or UTES?

On 1-year performance, URAN leads with 28.74% vs 7.86% for UTES. On fees, URAN is cheaper at 0.35% per year. On volatility, UTES has been the lower-risk option at 7.40%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, URAN or UTES?

Over the 1-year period, URAN has performed better with a 28.74% return vs 7.86%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, URAN or UTES?

URAN is cheaper with a 0.35% expense ratio, compared with 0.49% for UTES.

Which ETF pays a higher dividend yield, URAN or UTES?

URAN has the higher dividend yield at 2.44%, compared with 1.50% for UTES.

What is the main difference between URAN and UTES?

URAN is categorized as Commodity Producers Equities, while UTES is Utilities Equities. They also come from different issuers: Themes and Virtus Investment Partners. Their fees differ too: 0.35% for URAN and 0.49% for UTES.

Which has better risk-adjusted returns?

URAN currently has the higher Sharpe Ratio (0.73 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.