UTES vs. ECLN

Last updated Aug 4, 2026

UTES (Virtus Reaves Utilities ETF) and ECLN (First Trust EIP Carbon Impact ETF) are both Utilities Equities funds. Both are actively managed. Their correlation of 0.80 means they have usually moved in the same direction. UTES charges 0.49%/yr vs 0.97%/yr for ECLN.

Performance

UTES vs. ECLN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Virtus Reaves Utilities ETF (UTES) and First Trust EIP Carbon Impact ETF (ECLN). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

UTES

• 1D: 1.44%
• 1M: -2.90%
• 6M: 3.82%
• YTD: 0.36%
• 1Y: -2.59%
• 3Y*: 22.82%
• 5Y*: 14.89%
• 10Y*: 12.14%
• ALL TIME*: 13.64%

ECLN

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
UTES Virtus Reaves Utilities ETF	$11.31M	$10.12M	$13.80M

UTES vs. ECLN - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
UTES Virtus Reaves Utilities ETF	0.36%	25.71%	45.35%	-2.46%	0.80%	20.74%	-0.30%	4.38%
ECLN First Trust EIP Carbon Impact ETF	12.96%	16.78%	22.60%	-3.36%	5.28%	12.26%	8.98%	5.66%

Correlation

The correlation between UTES and ECLN is 0.59, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.59
Correlation (3Y) Balances recent behavior with more history.	0.73
Correlation (5Y) Shows whether the relationship held over a longer period.	0.79
Correlation (All Time) Calculated using the full available price history since Aug 20, 2019	0.80

Over the past year, the correlation between UTES and ECLN has dropped to 0.59 - well below their long-term average of 0.80, suggesting their price drivers have been diverging.

UTES vs. ECLN - Sectors Allocation Comparison

Sectors	UTES	ECLN
Utilities	100.0%	56.7%
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	13.3%
Financial Services	-	-
Healthcare	-	-
Industrials	-	8.3%
Real Estate	-	-
Technology	-	1.7%

Return for Risk

UTES vs. ECLN — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

UTES

UTES Risk / Return Rank: 9
UTES Sharpe Ratio Rank: 9
UTES Sortino Ratio Rank: 9
UTES Omega Ratio Rank: 9
UTES Calmar Ratio Rank: 9
UTES Martin Ratio Rank: 8

ECLN

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

UTES vs. ECLN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Virtus Reaves Utilities ETF (UTES) and First Trust EIP Carbon Impact ETF (ECLN). 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.

	UTES	ECLN	Difference
Sharpe ratio: Return per unit of total volatility	-0.12	—	—
Sortino ratio: Return per unit of downside risk	-0.02	—	—
Omega ratio: Gain probability vs. loss probability	1.00	—	—
Calmar ratio: Return relative to maximum drawdown	-0.19	—	—
Martin ratio: Return relative to average drawdown	-0.39	—	—

Drawdowns

Drawdown Indicators

	UTES	ECLN	Difference
Max Drawdown Largest peak-to-trough decline	-35.39%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-13.88%	—	—
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	-9.00%	—	—
Average Drawdown Average peak-to-trough decline	-5.54%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	6.74%	—	—

Volatility

Volatility by Period

	UTES	ECLN	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.50%	—	—
Volatility (6M) Calculated over the trailing 6-month period	16.23%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	21.46%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.75%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.27%	—	—

UTES vs. ECLN - Expense Ratio Comparison

UTES has a 0.49% expense ratio, which is lower than ECLN's 0.97% expense ratio.

Dividends

UTES vs. ECLN - Dividend Comparison

UTES's dividend yield for the trailing twelve months is around 1.51%, while ECLN has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ECLN First Trust EIP Carbon Impact ETF	1.43%	1.97%	2.52%	2.54%	1.72%	1.66%	1.68%	0.71%	0.00%	0.00%	0.00%	0.00%
UTES Virtus Reaves Utilities ETF	1.51%	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 UTES and ECLN in my portfolio?

UTES and ECLN have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, UTES or ECLN?

On fees, UTES is cheaper at 0.49% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, UTES or ECLN?

UTES is cheaper with a 0.49% expense ratio, compared with 0.97% for ECLN.

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

UTES has the higher dividend yield at 1.51%, compared with 1.43% for ECLN.

What is the main difference between UTES and ECLN?

They also come from different issuers: Virtus and First Trust. Their fees differ too: 0.49% for UTES and 0.97% for ECLN.