UTES vs. SEIX
UTES (Virtus Reaves Utilities ETF) and SEIX (Virtus Seix Senior Loan ETF) are both exchange-traded funds - UTES is a Utilities Equities fund actively managed by Virtus, while SEIX is a Bank Loan fund actively managed by Virtus. Both are actively managed. Over the past 5 years, UTES returned 14.89%/yr vs 5.79%/yr for SEIX. Their 0.10 correlation means their historical movements had little consistent relationship. UTES charges 0.49%/yr vs 0.57%/yr for SEIX.
Performance
UTES vs. SEIX - Performance Comparison
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Returns By Period
In the year-to-date period, UTES achieves a 0.36% return, which is significantly lower than SEIX's 3.10% return.
UTES
- 1D
- 1.44%
- 1M
- -2.90%
- 6M
- 3.82%
- YTD
- 0.36%
- 1Y
- -2.59%
- 3Y*
- 22.82%
- 5Y*
- 14.89%
- 10Y*
- 12.14%
- ALL TIME*
- 13.64%
SEIX
- 1D
- 0.15%
- 1M
- 0.83%
- 6M
- 3.15%
- YTD
- 3.10%
- 1Y
- 5.59%
- 3Y*
- 7.18%
- 5Y*
- 5.79%
- 10Y*
- —
- ALL TIME*
- 5.36%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.85M | $1.52M | $1.74M | |
| $11.31M | $10.12M | $13.80M |
UTES vs. SEIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
UTES Virtus Reaves Utilities ETF | 0.36% | 25.71% | 45.35% | -2.46% | 0.80% | 20.74% | -0.30% | 13.15% |
SEIX Virtus Seix Senior Loan ETF | 3.10% | 5.10% | 8.42% | 12.51% | -1.77% | 5.49% | 3.17% | 3.44% |
Correlation
The correlation between UTES and SEIX is 0.14, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.14 |
Correlation (3Y) Balances recent behavior with more history. | 0.12 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.13 |
Correlation (All Time) Calculated using the full available price history since Apr 25, 2019 | 0.10 |
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Return for Risk
UTES vs. SEIX — Risk / Return Rank
UTES
SEIX
UTES vs. SEIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Virtus Reaves Utilities ETF (UTES) and Virtus Seix Senior Loan ETF (SEIX). 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 | SEIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.57 | ||
| Sortino ratioReturn per unit of downside risk | -5.53 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.76 | -0.76 |
| Calmar ratioReturn relative to maximum drawdown | -0.19 | 4.97 | -5.16 |
| Martin ratioReturn relative to average drawdown | -0.39 | 19.73 | -20.11 |
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Drawdowns
UTES vs. SEIX - Drawdown Comparison
The maximum UTES drawdown since its inception was -35.39%, which is greater than SEIX's maximum drawdown of -17.51%. Use the drawdown chart below to compare losses from any high point for UTES and SEIX.
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Drawdown Indicators
| UTES | SEIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.39% | -17.51% | -17.88% |
Max Drawdown (1Y)Largest decline over 1 year | -13.88% | -1.13% | -12.75% |
Max Drawdown (3Y)Largest decline over 3 years | -17.62% | -3.01% | -14.61% |
Max Drawdown (5Y)Largest decline over 5 years | -20.40% | -6.69% | -13.71% |
Max Drawdown (10Y)Largest decline over 10 years | -35.39% | — | — |
Current DrawdownCurrent decline from peak | -9.00% | -0.04% | -8.96% |
Average DrawdownAverage peak-to-trough decline | -5.54% | -0.85% | -4.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.74% | 0.28% | +6.46% |
Volatility
UTES vs. SEIX - Volatility Comparison
Virtus Reaves Utilities ETF (UTES) has a higher volatility of 5.50% compared to Virtus Seix Senior Loan ETF (SEIX) at 0.44%. This indicates that UTES's price experiences larger fluctuations and is considered to be riskier than SEIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UTES | SEIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.50% | 0.44% | +5.06% |
Volatility (6M)Calculated over the trailing 6-month period | 16.23% | 1.32% | +14.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.46% | 1.63% | +19.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.75% | 2.92% | +17.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.27% | 4.29% | +15.98% |
UTES vs. SEIX - Expense Ratio Comparison
UTES has a 0.49% expense ratio, which is lower than SEIX's 0.57% expense ratio.
Dividends
UTES vs. SEIX - Dividend Comparison
UTES's dividend yield for the trailing twelve months is around 1.51%, less than SEIX's 7.15% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SEIX Virtus Seix Senior Loan ETF | 7.15% | 7.52% | 8.09% | 8.74% | 5.76% | 4.16% | 3.75% | 3.82% | 0.00% | 0.00% | 0.00% | 0.00% |
UTES Virtus Reaves Utilities ETF | 1.51% | 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
UTES and SEIX have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UTES has higher volatility (5.50%) compared to SEIX (0.44%). In terms of maximum drawdown, UTES dropped -35.39% vs SEIX's -17.51%.
On 5-year performance, UTES leads with 14.89% vs 5.79% for SEIX. On fees, UTES is cheaper at 0.49% per year. On volatility, SEIX has been the lower-risk option at 0.44%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, UTES has performed better with a 14.89% return vs 5.79%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
UTES is cheaper with a 0.49% expense ratio, compared with 0.57% for SEIX.
SEIX has the higher dividend yield at 7.15%, compared with 1.51% for UTES.
UTES is categorized as Utilities Equities, while SEIX is Bank Loan. Their fees differ too: 0.49% for UTES and 0.57% for SEIX.
SEIX currently has the higher Sharpe Ratio (3.45 vs -0.12), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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