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UTES vs. PAVE
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Key characteristics


UTESPAVE
YTD Return12.14%11.17%
1Y Return10.35%39.84%
3Y Return (Ann)7.51%14.92%
5Y Return (Ann)8.35%19.53%
Sharpe Ratio0.672.46
Daily Std Dev16.21%16.56%
Max Drawdown-35.39%-44.08%
Current Drawdown0.00%-3.77%

Correlation

-0.50.00.51.00.3

The correlation between UTES and PAVE is 0.32, 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. PAVE - Performance Comparison

In the year-to-date period, UTES achieves a 12.14% return, which is significantly higher than PAVE's 11.17% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


60.00%80.00%100.00%120.00%140.00%160.00%180.00%NovemberDecember2024FebruaryMarchApril
89.07%
171.45%
UTES
PAVE

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


Virtus Reaves Utilities ETF

Global X US Infrastructure Development ETF

UTES vs. PAVE - Expense Ratio Comparison

UTES has a 0.49% expense ratio, which is higher than PAVE's 0.47% expense ratio.


UTES
Virtus Reaves Utilities ETF
Expense ratio chart for UTES: current value at 0.49% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.49%
Expense ratio chart for PAVE: current value at 0.47% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.47%

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.


UTES
Sharpe ratio
The chart of Sharpe ratio for UTES, currently valued at 0.67, compared to the broader market-1.000.001.002.003.004.005.000.67
Sortino ratio
The chart of Sortino ratio for UTES, currently valued at 1.03, compared to the broader market-2.000.002.004.006.008.001.03
Omega ratio
The chart of Omega ratio for UTES, currently valued at 1.13, compared to the broader market0.501.001.502.002.501.13
Calmar ratio
The chart of Calmar ratio for UTES, currently valued at 0.53, compared to the broader market0.002.004.006.008.0010.0012.000.53
Martin ratio
The chart of Martin ratio for UTES, currently valued at 1.78, compared to the broader market0.0020.0040.0060.001.78
PAVE
Sharpe ratio
The chart of Sharpe ratio for PAVE, currently valued at 2.46, compared to the broader market-1.000.001.002.003.004.005.002.46
Sortino ratio
The chart of Sortino ratio for PAVE, currently valued at 3.39, compared to the broader market-2.000.002.004.006.008.003.39
Omega ratio
The chart of Omega ratio for PAVE, currently valued at 1.41, compared to the broader market0.501.001.502.002.501.41
Calmar ratio
The chart of Calmar ratio for PAVE, currently valued at 3.04, compared to the broader market0.002.004.006.008.0010.0012.003.04
Martin ratio
The chart of Martin ratio for PAVE, currently valued at 9.87, compared to the broader market0.0020.0040.0060.009.87

UTES vs. PAVE - Sharpe Ratio Comparison

The current UTES Sharpe Ratio is 0.67, which is lower than the PAVE Sharpe Ratio of 2.46. The chart below compares the 12-month rolling Sharpe Ratio of UTES and PAVE.


Rolling 12-month Sharpe Ratio-0.500.000.501.001.502.002.503.00NovemberDecember2024FebruaryMarchApril
0.67
2.46
UTES
PAVE

Dividends

UTES vs. PAVE - Dividend Comparison

UTES's dividend yield for the trailing twelve months is around 2.25%, more than PAVE's 0.62% yield.


TTM202320222021202020192018201720162015
UTES
Virtus Reaves Utilities ETF
2.25%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
0.62%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.


-15.00%-10.00%-5.00%0.00%NovemberDecember2024FebruaryMarchApril0
-3.77%
UTES
PAVE

Volatility

UTES vs. PAVE - Volatility Comparison

Virtus Reaves Utilities ETF (UTES) has a higher volatility of 4.20% compared to Global X US Infrastructure Development ETF (PAVE) at 3.80%. This indicates that UTES's price experiences larger fluctuations and is considered to be riskier than PAVE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


3.00%4.00%5.00%6.00%7.00%NovemberDecember2024FebruaryMarchApril
4.20%
3.80%
UTES
PAVE