UTES vs. TLN

Last updated Aug 4, 2026

UTES (Virtus Reaves Utilities ETF) is Utilities Equities fund actively managed by Virtus, while TLN (Talen Energy Corporation) is a stock. Over the past year, UTES returned -2.59% vs -8.87% for TLN. Their 0.77 correlation means they have sometimes moved together and sometimes differently.

Performance

UTES vs. TLN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Virtus Reaves Utilities ETF (UTES) and Talen Energy Corporation (TLN). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, UTES achieves a 0.36% return, which is significantly higher than TLN's -8.10% 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%

TLN

• 1D: 3.11%
• 1M: -5.53%
• 6M: 1.08%
• YTD: -8.10%
• 1Y: -8.87%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 66.00%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
TLN Talen Energy Corporation	$244.22M	$239.03M	$312.17M
UTES Virtus Reaves Utilities ETF	$11.31M	$10.12M	$13.80M

UTES vs. TLN - Yearly Performance Comparison

	2026 (YTD)	2025	2024
UTES Virtus Reaves Utilities ETF	0.36%	25.71%	21.29%
TLN Talen Energy Corporation	-8.10%	86.05%	66.50%

Correlation

The correlation between UTES and TLN is 0.79, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.79
Correlation (All Time) Calculated using the full available price history since Jul 10, 2024	0.77

The correlation between UTES and TLN has been stable across timeframes, ranging from 0.77 to 0.79 - a consistent structural relationship.

Return for Risk

UTES vs. TLN — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

UTES

UTES Risk / Return Rank: 9
UTES Sharpe Ratio Rank: 9
UTES Sortino Ratio Rank: 9
UTES Omega Ratio Rank: 9
UTES Calmar Ratio Rank: 9
UTES Martin Ratio Rank: 8

TLN

TLN Risk / Return Rank: 35
TLN Sharpe Ratio Rank: 36
TLN Sortino Ratio Rank: 36
TLN Omega Ratio Rank: 36
TLN Calmar Ratio Rank: 35
TLN Martin Ratio Rank: 34

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

UTES vs. TLN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Virtus Reaves Utilities ETF (UTES) and Talen Energy Corporation (TLN). 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	TLN	Difference
Sharpe ratio: Return per unit of total volatility	-0.12	-0.17	+0.05
Sortino ratio: Return per unit of downside risk	-0.02	0.13	-0.15
Omega ratio: Gain probability vs. loss probability	1.00	1.02	-0.02
Calmar ratio: Return relative to maximum drawdown	-0.19	-0.28	+0.09
Martin ratio: Return relative to average drawdown	-0.39	-0.52	+0.14

UTES vs. TLN - Sharpe Ratio Comparison

The current UTES Sharpe Ratio is -0.12, which is comparable to the TLN Sharpe Ratio of -0.17. The chart below compares the historical Sharpe Ratios of UTES and TLN, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

UTES vs. TLN - Drawdown Comparison

The maximum UTES drawdown since its inception was -35.39%, roughly equal to the maximum TLN drawdown of -33.80%. Use the drawdown chart below to compare losses from any high point for UTES and TLN.

Drawdown Indicators

	UTES	TLN	Difference
Max Drawdown Largest peak-to-trough decline	-35.39%	-33.80%	-1.59%
Max Drawdown (1Y) Largest decline over 1 year	-13.88%	-32.05%	+18.17%
Max Drawdown (3Y) Largest decline over 3 years	-17.62%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-20.40%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-35.39%	—	—
Current Drawdown Current decline from peak	-9.00%	-22.73%	+13.73%
Average Drawdown Average peak-to-trough decline	-5.54%	-11.03%	+5.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.74%	16.94%	-10.20%

Volatility

UTES vs. TLN - Volatility Comparison

The current volatility for Virtus Reaves Utilities ETF (UTES) is 5.50%, while Talen Energy Corporation (TLN) has a volatility of 16.66%. This indicates that UTES experiences smaller price fluctuations and is considered to be less risky than TLN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	UTES	TLN	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.50%	16.66%	-11.16%
Volatility (6M) Calculated over the trailing 6-month period	16.23%	40.68%	-24.45%
Volatility (1Y) Calculated over the trailing 1-year period	21.46%	53.30%	-31.84%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.75%	59.94%	-39.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.27%	59.94%	-39.67%

Dividends

UTES vs. TLN - Dividend Comparison

UTES's dividend yield for the trailing twelve months is around 1.51%, while TLN has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
TLN Talen Energy Corporation	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	1.51%	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

Can I hold both UTES and TLN in my portfolio?

UTES and TLN have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, UTES or TLN?

TLN has higher volatility (16.66%) compared to UTES (5.50%). In terms of maximum drawdown, UTES dropped -35.39% vs TLN's -33.80%.

Which has better risk-adjusted returns?

UTES currently has the higher Sharpe Ratio (-0.12 vs -0.17), 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.