UTES vs. IBHD

Last updated Aug 2, 2026

UTES (Virtus Reaves Utilities ETF) and IBHD (iShares iBonds 2024 Term High Yield & Income ETF) are both exchange-traded funds - UTES is a Utilities Equities fund actively managed by Virtus, while IBHD is a High Yield Bonds fund tracking the Bloomberg 2024 Term High Yield and Income Index. UTES is actively managed, while IBHD is passively managed. UTES charges 0.49%/yr vs 0.35%/yr for IBHD.

Performance

UTES vs. IBHD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Virtus Reaves Utilities ETF (UTES) and iShares iBonds 2024 Term High Yield & Income ETF (IBHD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

UTES

• 1D: -0.03%
• 1M: -4.28%
• 6M: 0.59%
• YTD: -1.07%
• 1Y: -3.98%
• 3Y*: 21.10%
• 5Y*: 14.97%
• 10Y*: 11.78%
• ALL TIME*: 13.50%

IBHD

• 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	$11.16M	$10.04M	$13.72M

UTES vs. IBHD - Yearly Performance Comparison

	2026 (YTD)
UTES Virtus Reaves Utilities ETF	3.74%
IBHD iShares iBonds 2024 Term High Yield & Income ETF	0.00%

Return for Risk

UTES vs. IBHD — Risk / Return Rank

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

UTES

UTES Risk / Return Rank: 7
UTES Sharpe Ratio Rank: 8
UTES Sortino Ratio Rank: 8
UTES Omega Ratio Rank: 8
UTES Calmar Ratio Rank: 7
UTES Martin Ratio Rank: 7

IBHD

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. IBHD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Virtus Reaves Utilities ETF (UTES) and iShares iBonds 2024 Term High Yield & Income ETF (IBHD). 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	IBHD	Difference
Sharpe ratio: Return per unit of total volatility	-0.20	—	—
Sortino ratio: Return per unit of downside risk	-0.14	—	—
Omega ratio: Gain probability vs. loss probability	0.98	—	—
Calmar ratio: Return relative to maximum drawdown	-0.31	—	—
Martin ratio: Return relative to average drawdown	-0.65	—	—

Drawdowns

Drawdown Indicators

	UTES	IBHD	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	-10.30%	—	—
Average Drawdown Average peak-to-trough decline	-5.54%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	6.72%	—	—

Volatility

Volatility by Period

	UTES	IBHD	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.50%	—	—
Volatility (6M) Calculated over the trailing 6-month period	16.19%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	21.39%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.74%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.26%	—	—

UTES vs. IBHD - Expense Ratio Comparison

UTES has a 0.49% expense ratio, which is higher than IBHD's 0.35% expense ratio.

Dividends

UTES vs. IBHD - Dividend Comparison

UTES's dividend yield for the trailing twelve months is around 1.53%, while IBHD has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IBHD iShares iBonds 2024 Term High Yield & Income ETF	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	1.53%	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

Which ETF is better, UTES or IBHD?

On fees, IBHD is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, UTES or IBHD?

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

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

UTES has the higher dividend yield at 1.53%, compared with 0.00% for IBHD.

What is the main difference between UTES and IBHD?

UTES is categorized as Utilities Equities, while IBHD is High Yield Bonds. They also come from different issuers: Virtus and iShares. Their fees differ too: 0.49% for UTES and 0.35% for IBHD.