UTES vs. VEMY
UTES (Virtus Reaves Utilities ETF) and VEMY (Virtus Stone Harbor Emerging Markets High Yield Bond ETF) are both exchange-traded funds - UTES is a Utilities Equities fund actively managed by Virtus, while VEMY is a Emerging Markets Bonds fund actively managed by Virtus. Both are actively managed. Over the past 3 years, UTES returned 22.82%/yr vs 14.01%/yr for VEMY. Their 0.33 correlation means their historical movements had little consistent relationship. UTES charges 0.49%/yr vs 0.58%/yr for VEMY.
Performance
UTES vs. VEMY - 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 VEMY's 6.07% 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%
VEMY
- 1D
- 0.40%
- 1M
- -0.46%
- 6M
- 3.41%
- YTD
- 6.07%
- 1Y
- 13.28%
- 3Y*
- 14.01%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 13.11%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $11.31M | $10.12M | $13.80M | |
| $924.57K | $860.95K | $887.68K |
UTES vs. VEMY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
UTES Virtus Reaves Utilities ETF | 0.36% | 25.71% | 45.35% | -2.46% | -2.67% |
VEMY Virtus Stone Harbor Emerging Markets High Yield Bond ETF | 6.07% | 15.27% | 13.48% | 14.45% | -1.43% |
Correlation
The correlation between UTES and VEMY is 0.29, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.29 |
Correlation (3Y) Balances recent behavior with more history. | 0.38 |
Correlation (All Time) Calculated using the full available price history since Dec 13, 2022 | 0.33 |
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Return for Risk
UTES vs. VEMY — Risk / Return Rank
UTES
VEMY
UTES vs. VEMY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Virtus Reaves Utilities ETF (UTES) and Virtus Stone Harbor Emerging Markets High Yield Bond ETF (VEMY). 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 | VEMY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.33 | ||
| Sortino ratioReturn per unit of downside risk | -3.43 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.44 | -0.44 |
| Calmar ratioReturn relative to maximum drawdown | -0.19 | 3.33 | -3.52 |
| Martin ratioReturn relative to average drawdown | -0.39 | 15.31 | -15.70 |
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Drawdowns
UTES vs. VEMY - Drawdown Comparison
The maximum UTES drawdown since its inception was -35.39%, which is greater than VEMY's maximum drawdown of -8.77%. Use the drawdown chart below to compare losses from any high point for UTES and VEMY.
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Drawdown Indicators
| UTES | VEMY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.39% | -8.77% | -26.62% |
Max Drawdown (1Y)Largest decline over 1 year | -13.88% | -4.00% | -9.88% |
Max Drawdown (3Y)Largest decline over 3 years | -17.62% | -6.57% | -11.05% |
Max Drawdown (5Y)Largest decline over 5 years | -20.40% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -35.39% | — | — |
Current DrawdownCurrent decline from peak | -9.00% | -0.68% | -8.32% |
Average DrawdownAverage peak-to-trough decline | -5.54% | -1.27% | -4.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.74% | 0.87% | +5.87% |
Volatility
UTES vs. VEMY - Volatility Comparison
Virtus Reaves Utilities ETF (UTES) has a higher volatility of 5.50% compared to Virtus Stone Harbor Emerging Markets High Yield Bond ETF (VEMY) at 1.19%. This indicates that UTES's price experiences larger fluctuations and is considered to be riskier than VEMY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UTES | VEMY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.50% | 1.19% | +4.31% |
Volatility (6M)Calculated over the trailing 6-month period | 16.23% | 4.54% | +11.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.46% | 6.04% | +15.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.75% | 7.52% | +13.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.27% | 7.52% | +12.75% |
UTES vs. VEMY - Expense Ratio Comparison
UTES has a 0.49% expense ratio, which is lower than VEMY's 0.58% expense ratio.
Dividends
UTES vs. VEMY - Dividend Comparison
UTES's dividend yield for the trailing twelve months is around 1.51%, less than VEMY's 8.09% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
VEMY Virtus Stone Harbor Emerging Markets High Yield Bond ETF | 8.09% | 8.89% | 10.28% | 9.55% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
UTES and VEMY have a correlation of 0.29, 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 VEMY (1.19%). In terms of maximum drawdown, UTES dropped -35.39% vs VEMY's -8.77%.
On 3-year performance, UTES leads with 22.82% vs 14.01% for VEMY. On fees, UTES is cheaper at 0.49% per year. On volatility, VEMY has been the lower-risk option at 1.19%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, UTES has performed better with a 22.82% return vs 14.01%. 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 0.58% for VEMY.
VEMY has the higher dividend yield at 8.09%, compared with 1.51% for UTES.
UTES is categorized as Utilities Equities, while VEMY is Emerging Markets Bonds. Their fees differ too: 0.49% for UTES and 0.58% for VEMY.
VEMY currently has the higher Sharpe Ratio (2.21 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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