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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: UTES or PAVE.
Performance
UTES vs. PAVE - Performance Comparison
Returns By Period
In the year-to-date period, UTES achieves a 53.08% return, which is significantly higher than PAVE's 28.08% return.
UTES
53.08%
3.07%
25.06%
57.22%
13.46%
N/A
PAVE
28.08%
4.29%
12.74%
42.46%
21.48%
N/A
Key characteristics
| UTES | PAVE | |
|---|---|---|
| Sharpe Ratio | 3.11 | 2.24 |
| Sortino Ratio | 4.12 | 3.12 |
| Omega Ratio | 1.52 | 1.39 |
| Calmar Ratio | 3.94 | 4.87 |
| Martin Ratio | 18.90 | 12.25 |
| Ulcer Index | 3.04% | 3.43% |
| Daily Std Dev | 18.44% | 18.76% |
| Max Drawdown | -35.39% | -44.08% |
| Current Drawdown | -0.55% | -3.14% |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
UTES vs. PAVE - Expense Ratio Comparison
UTES has a 0.49% expense ratio, which is higher than PAVE's 0.47% expense ratio.
Correlation
The correlation between UTES and PAVE is 0.33, 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. PAVE - Risk-Adjusted Performance 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.
Dividends
UTES vs. PAVE - Dividend Comparison
UTES's dividend yield for the trailing twelve months is around 1.51%, more than PAVE's 0.54% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
UTES Virtus Reaves Utilities ETF | 1.51% | 2.44% | 2.13% | 1.94% | 2.09% | 1.84% | 2.16% | 2.81% | 3.28% | 0.61% |
PAVE Global X US Infrastructure Development ETF | 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. For additional features, visit the drawdowns tool.
Volatility
UTES vs. PAVE - Volatility Comparison
The current volatility for Virtus Reaves Utilities ETF (UTES) is 7.02%, while Global X US Infrastructure Development ETF (PAVE) has a volatility of 7.86%. This indicates that UTES experiences smaller price fluctuations and is considered to be less risky than PAVE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.