UTES vs. IMCG
Compare and contrast key facts about Virtus Reaves Utilities ETF (UTES) and iShares Morningstar Mid-Cap Growth ETF (IMCG).
UTES and IMCG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. UTES is an actively managed fund by Virtus Investment Partners. It was launched on Sep 23, 2015. IMCG is a passively managed fund by iShares that tracks the performance of the Morningstar US Mid Cap Broad Growth Index. It was launched on Jun 28, 2004.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: UTES or IMCG.
Key characteristics
| UTES | IMCG | |
|---|---|---|
| YTD Return | 11.65% | 3.31% |
| 1Y Return | 9.88% | 18.78% |
| 3Y Return (Ann) | 7.34% | 0.76% |
| 5Y Return (Ann) | 8.30% | 11.18% |
| Sharpe Ratio | 0.61 | 1.28 |
| Daily Std Dev | 16.18% | 14.65% |
| Max Drawdown | -35.39% | -58.96% |
| Current Drawdown | -0.44% | -11.05% |
Correlation
The correlation between UTES and IMCG is 0.31, 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.
Performance
UTES vs. IMCG - Performance Comparison
In the year-to-date period, UTES achieves a 11.65% return, which is significantly higher than IMCG's 3.31% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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UTES vs. IMCG - Expense Ratio Comparison
UTES has a 0.49% expense ratio, which is higher than IMCG's 0.06% expense ratio.
Risk-Adjusted Performance
UTES vs. IMCG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Virtus Reaves Utilities ETF (UTES) and iShares Morningstar Mid-Cap Growth ETF (IMCG). 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. IMCG - Dividend Comparison
UTES's dividend yield for the trailing twelve months is around 2.26%, more than IMCG's 0.83% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
UTES Virtus Reaves Utilities ETF | 2.26% | 2.44% | 2.13% | 1.94% | 2.09% | 1.84% | 2.16% | 2.81% | 3.28% | 0.61% | 0.00% | 0.00% |
IMCG iShares Morningstar Mid-Cap Growth ETF | 0.83% | 0.85% | 0.91% | 0.41% | 0.09% | 0.29% | 0.35% | 0.45% | 0.52% | 0.38% | 0.60% | 0.36% |
Drawdowns
UTES vs. IMCG - Drawdown Comparison
The maximum UTES drawdown since its inception was -35.39%, smaller than the maximum IMCG drawdown of -58.96%. Use the drawdown chart below to compare losses from any high point for UTES and IMCG. For additional features, visit the drawdowns tool.
Volatility
UTES vs. IMCG - Volatility Comparison
Virtus Reaves Utilities ETF (UTES) and iShares Morningstar Mid-Cap Growth ETF (IMCG) have volatilities of 4.22% and 4.43%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.