UTES vs. PAVE
Compare and contrast key facts about Virtus Reaves Utilities ETF (UTES) and Global X US Infrastructure Development ETF (PAVE).
UTES and PAVE 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. PAVE is a passively managed fund by Global X that tracks the performance of the INDXX U.S. Infrastructure Development Index. It was launched on Mar 6, 2017.
Performance
UTES vs. PAVE - Performance Comparison
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UTES vs. PAVE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
UTES Virtus Reaves Utilities ETF | 1.60% | 25.71% | 45.35% | -2.46% | 0.80% | 20.74% | -0.30% | 25.48% | 5.14% | 8.58% |
PAVE Global X US Infrastructure Development ETF | 6.32% | 19.36% | 17.92% | 31.01% | -7.17% | 36.42% | 19.72% | 33.26% | -19.15% | 14.11% |
Returns By Period
In the year-to-date period, UTES achieves a 1.60% return, which is significantly lower than PAVE's 6.32% return.
UTES
- 1D
- 0.11%
- 1M
- -6.27%
- YTD
- 1.60%
- 6M
- -3.38%
- 1Y
- 25.54%
- 3Y*
- 22.73%
- 5Y*
- 16.38%
- 10Y*
- 12.83%
PAVE
- 1D
- 3.29%
- 1M
- -7.77%
- YTD
- 6.32%
- 6M
- 7.40%
- 1Y
- 35.92%
- 3Y*
- 22.36%
- 5Y*
- 15.85%
- 10Y*
- —
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UTES vs. PAVE - Expense Ratio Comparison
UTES has a 0.49% expense ratio, which is higher than PAVE's 0.47% expense ratio.
Return for Risk
UTES vs. PAVE — Risk / Return Rank
UTES
PAVE
UTES vs. PAVE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Virtus Reaves Utilities ETF (UTES) and Global X US Infrastructure Development ETF (PAVE). 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.
| UTES | PAVE | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.13 | 1.61 | -0.49 |
Sortino ratioReturn per unit of downside risk | 1.56 | 2.30 | -0.74 |
Omega ratioGain probability vs. loss probability | 1.21 | 1.31 | -0.09 |
Calmar ratioReturn relative to maximum drawdown | 1.88 | 2.90 | -1.01 |
Martin ratioReturn relative to average drawdown | 4.68 | 10.73 | -6.05 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| UTES | PAVE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.13 | 1.61 | -0.49 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.81 | 0.74 | +0.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.64 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.72 | 0.63 | +0.09 |
Correlation
The correlation between UTES and PAVE is 0.37, 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.
Dividends
UTES vs. PAVE - Dividend Comparison
UTES's dividend yield for the trailing twelve months is around 1.47%, more than PAVE's 0.86% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
UTES Virtus Reaves Utilities ETF | 1.47% | 1.42% | 1.51% | 2.44% | 2.13% | 1.94% | 2.09% | 1.84% | 2.09% | 3.44% | 3.53% | 0.61% |
PAVE Global X US Infrastructure Development ETF | 0.86% | 0.92% | 0.54% | 0.68% | 0.84% | 0.48% | 0.44% | 0.67% | 0.78% | 0.30% | 0.00% | 0.00% |
Drawdowns
UTES vs. PAVE - Drawdown Comparison
The maximum UTES drawdown since its inception was -35.39%, smaller than the maximum PAVE drawdown of -44.08%. Use the drawdown chart below to compare losses from any high point for UTES and PAVE.
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Drawdown Indicators
| UTES | PAVE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.39% | -44.08% | +8.69% |
Max Drawdown (1Y)Largest decline over 1 year | -13.88% | -12.56% | -1.32% |
Max Drawdown (5Y)Largest decline over 5 years | -20.40% | -26.23% | +5.83% |
Max Drawdown (10Y)Largest decline over 10 years | -35.39% | — | — |
Current DrawdownCurrent decline from peak | -7.89% | -8.70% | +0.81% |
Average DrawdownAverage peak-to-trough decline | -5.51% | -6.30% | +0.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.59% | 3.39% | +2.20% |
Volatility
UTES vs. PAVE - Volatility Comparison
Virtus Reaves Utilities ETF (UTES) and Global X US Infrastructure Development ETF (PAVE) have volatilities of 8.04% and 7.74%, 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.
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Volatility by Period
| UTES | PAVE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.04% | 7.74% | +0.30% |
Volatility (6M)Calculated over the trailing 6-month period | 16.26% | 13.97% | +2.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.79% | 22.40% | +0.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.28% | 21.42% | -1.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.03% | 24.41% | -4.38% |