UTES vs. FDFIX
Compare and contrast key facts about Virtus Reaves Utilities ETF (UTES) and Fidelity Flex 500 Index Fund (FDFIX).
UTES is an actively managed fund by Virtus Investment Partners. It was launched on Sep 23, 2015. FDFIX is managed by Fidelity. It was launched on Mar 9, 2017.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: UTES or FDFIX.
Performance
UTES vs. FDFIX - Performance Comparison
Returns By Period
In the year-to-date period, UTES achieves a 58.21% return, which is significantly higher than FDFIX's 26.29% return.
UTES
58.21%
7.45%
30.26%
61.35%
14.20%
N/A
FDFIX
26.29%
1.80%
13.66%
32.39%
15.71%
N/A
Key characteristics
| UTES | FDFIX | |
|---|---|---|
| Sharpe Ratio | 3.34 | 2.68 |
| Sortino Ratio | 4.40 | 3.58 |
| Omega Ratio | 1.56 | 1.50 |
| Calmar Ratio | 4.29 | 3.91 |
| Martin Ratio | 20.57 | 17.55 |
| Ulcer Index | 3.04% | 1.88% |
| Daily Std Dev | 18.71% | 12.27% |
| Max Drawdown | -35.39% | -33.77% |
| Current Drawdown | 0.00% | -0.82% |
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UTES vs. FDFIX - Expense Ratio Comparison
UTES has a 0.49% expense ratio, which is higher than FDFIX's 0.00% expense ratio.
Correlation
The correlation between UTES and FDFIX is 0.39, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Risk-Adjusted Performance
UTES vs. FDFIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Virtus Reaves Utilities ETF (UTES) and Fidelity Flex 500 Index Fund (FDFIX). 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.
Dividends
UTES vs. FDFIX - Dividend Comparison
UTES's dividend yield for the trailing twelve months is around 1.46%, more than FDFIX's 1.23% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
UTES Virtus Reaves Utilities ETF | 1.46% | 2.44% | 2.13% | 1.94% | 2.09% | 1.84% | 2.16% | 2.81% | 3.28% | 0.61% |
FDFIX Fidelity Flex 500 Index Fund | 1.23% | 1.48% | 1.70% | 1.18% | 1.52% | 1.78% | 1.81% | 0.85% | 0.00% | 0.00% |
Drawdowns
UTES vs. FDFIX - Drawdown Comparison
The maximum UTES drawdown since its inception was -35.39%, roughly equal to the maximum FDFIX drawdown of -33.77%. Use the drawdown chart below to compare losses from any high point for UTES and FDFIX. For additional features, visit the drawdowns tool.
Volatility
UTES vs. FDFIX - Volatility Comparison
Virtus Reaves Utilities ETF (UTES) has a higher volatility of 7.65% compared to Fidelity Flex 500 Index Fund (FDFIX) at 3.94%. This indicates that UTES's price experiences larger fluctuations and is considered to be riskier than FDFIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.