UTES vs. SIVR
UTES (Virtus Reaves Utilities ETF) and SIVR (abrdn Physical Silver Shares ETF) are both exchange-traded funds - UTES is a Utilities Equities fund actively managed by Virtus, while SIVR is a Silver fund tracking the LBMA Silver Price ($/ozt). UTES is actively managed, while SIVR is passively managed. Over the past 10 years, UTES returned 11.78%/yr vs 10.56%/yr for SIVR. Their 0.16 correlation means their historical movements had little consistent relationship. UTES charges 0.49%/yr vs 0.30%/yr for SIVR.
Performance
UTES vs. SIVR - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, UTES achieves a -1.07% return, which is significantly higher than SIVR's -18.61% return. Over the past 10 years, UTES has outperformed SIVR with an annualized return of 11.78%, while SIVR has yielded a comparatively lower 10.56% annualized return.
UTES
- 1D
- -0.03%
- 1M
- -2.93%
- 6M
- 0.59%
- YTD
- -1.07%
- 1Y
- -4.33%
- 3Y*
- 21.10%
- 5Y*
- 14.97%
- 10Y*
- 11.78%
- ALL TIME*
- 13.50%
SIVR
- 1D
- -2.08%
- 1M
- -2.25%
- 6M
- -30.49%
- YTD
- -18.61%
- 1Y
- 57.47%
- 3Y*
- 33.21%
- 5Y*
- 17.49%
- 10Y*
- 10.56%
- ALL TIME*
- 8.45%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $49.50M | $48.83M | $86.59M | |
| $11.16M | $10.04M | $13.72M |
UTES vs. SIVR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
UTES Virtus Reaves Utilities ETF | -1.07% | 25.71% | 45.35% | -2.46% | 0.80% | 20.74% | -0.30% | 25.48% | 5.14% | 14.21% |
SIVR abrdn Physical Silver Shares ETF | -18.61% | 145.34% | 21.08% | -0.91% | 2.59% | -12.33% | 47.52% | 15.17% | -8.96% | 5.97% |
Correlation
The correlation between UTES and SIVR is 0.21, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.21 |
Correlation (3Y) Balances recent behavior with more history. | 0.22 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.23 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.17 |
Correlation (All Time) Calculated using the full available price history since Sep 24, 2015 | 0.16 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
UTES vs. SIVR — Risk / Return Rank
UTES
SIVR
UTES vs. SIVR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Virtus Reaves Utilities ETF (UTES) and abrdn Physical Silver Shares ETF (SIVR). 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 | SIVR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.15 | ||
| Sortino ratioReturn per unit of downside risk | -1.51 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.22 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | -0.31 | 1.10 | -1.42 |
| Martin ratioReturn relative to average drawdown | -0.65 | 2.11 | -2.76 |
Loading charts...
Drawdowns
UTES vs. SIVR - Drawdown Comparison
The maximum UTES drawdown since its inception was -35.39%, smaller than the maximum SIVR drawdown of -75.85%. Use the drawdown chart below to compare losses from any high point for UTES and SIVR.
Loading charts...
Drawdown Indicators
| UTES | SIVR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.39% | -75.85% | +40.46% |
Max Drawdown (1Y)Largest decline over 1 year | -13.88% | -52.27% | +38.39% |
Max Drawdown (3Y)Largest decline over 3 years | -17.62% | -52.27% | +34.65% |
Max Drawdown (5Y)Largest decline over 5 years | -20.40% | -52.27% | +31.87% |
Max Drawdown (10Y)Largest decline over 10 years | -35.39% | -52.27% | +16.88% |
Current DrawdownCurrent decline from peak | -10.30% | -50.35% | +40.05% |
Average DrawdownAverage peak-to-trough decline | -5.54% | -47.84% | +42.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.72% | 27.28% | -20.56% |
Volatility
UTES vs. SIVR - Volatility Comparison
The current volatility for Virtus Reaves Utilities ETF (UTES) is 5.50%, while abrdn Physical Silver Shares ETF (SIVR) has a volatility of 11.28%. This indicates that UTES experiences smaller price fluctuations and is considered to be less risky than SIVR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| UTES | SIVR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.50% | 11.28% | -5.78% |
Volatility (6M)Calculated over the trailing 6-month period | 16.19% | 55.47% | -39.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.39% | 61.33% | -39.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.74% | 37.00% | -16.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.26% | 32.26% | -12.00% |
UTES vs. SIVR - Expense Ratio Comparison
UTES has a 0.49% expense ratio, which is higher than SIVR's 0.30% expense ratio.
Dividends
UTES vs. SIVR - Dividend Comparison
UTES's dividend yield for the trailing twelve months is around 1.53%, while SIVR has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SIVR abrdn Physical Silver Shares ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
UTES Virtus Reaves Utilities ETF | 1.53% | 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 SIVR have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SIVR has higher volatility (11.28%) compared to UTES (5.50%). In terms of maximum drawdown, UTES dropped -35.39% vs SIVR's -75.85%.
On 10-year performance, UTES leads with 11.78% vs 10.56% for SIVR. On fees, SIVR is cheaper at 0.30% per year. On volatility, UTES has been the lower-risk option at 5.50%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, UTES has performed better with a 11.78% return vs 10.56%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SIVR is cheaper with a 0.30% expense ratio, compared with 0.49% for UTES.
UTES has the higher dividend yield at 1.53%, compared with 0.00% for SIVR.
UTES is categorized as Utilities Equities, while SIVR is Silver. They also come from different issuers: Virtus and abrdn. Their fees differ too: 0.49% for UTES and 0.30% for SIVR.
SIVR currently has the higher Sharpe Ratio (0.94 vs -0.20), 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.
Find the right allocation for UTES and SIVR
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer