UTG vs. NVO
UTG (Reaves Utility Income Trust) and NVO (Novo Nordisk A/S) are both stocks. UTG operates in Asset Management (Financial Services), while NVO operates in Drug Manufacturers - General (Healthcare). Over the past 10 years, UTG returned 10.66%/yr vs 7.50%/yr for NVO. At a 0.22 correlation, their price movements are largely independent.
Performance
UTG vs. NVO - Performance Comparison
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Returns By Period
In the year-to-date period, UTG achieves a 17.89% return, which is significantly higher than NVO's -12.15% return. Over the past 10 years, UTG has outperformed NVO with an annualized return of 10.66%, while NVO has yielded a comparatively lower 7.50% annualized return.
UTG
- 1D
- 2.23%
- 1M
- -0.58%
- YTD
- 17.89%
- 6M
- 20.01%
- 1Y
- 28.68%
- 3Y*
- 23.31%
- 5Y*
- 11.90%
- 10Y*
- 10.66%
NVO
- 1D
- -0.76%
- 1M
- -3.94%
- YTD
- -12.15%
- 6M
- -7.05%
- 1Y
- -38.72%
- 3Y*
- -16.67%
- 5Y*
- 3.13%
- 10Y*
- 7.50%
UTG vs. NVO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
UTG Reaves Utility Income Trust | 17.89% | 23.24% | 28.10% | 2.84% | -13.38% | 14.26% | -5.25% | 33.65% | 1.84% | 6.74% |
NVO Novo Nordisk A/S | -12.15% | -39.22% | -15.93% | 54.84% | 22.66% | 63.52% | 23.33% | 28.70% | -12.98% | 52.92% |
Correlation
The correlation between UTG and NVO is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.19 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since Feb 25, 2004 | 0.22 |
Fundamentals
UTG:
$3.78B
NVO:
$192.14B
UTG:
$18.20
NVO:
DKK 27.42
UTG:
2.31
NVO:
10.27
UTG:
0.01
NVO:
0.44
UTG:
7.20
NVO:
3.82
UTG:
1.07
NVO:
6.17
UTG:
$525.39M
NVO:
DKK 327.80B
UTG:
$228.88M
NVO:
DKK 268.30B
UTG:
$1.71B
NVO:
DKK 181.54B
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Return for Risk
UTG vs. NVO — Risk / Return Rank
UTG
NVO
UTG vs. NVO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Reaves Utility Income Trust (UTG) and Novo Nordisk A/S (NVO). 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.
| UTG | NVO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.45 | ||
| Sortino ratioReturn per unit of downside risk | +3.07 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 0.87 | +0.41 |
| Calmar ratioReturn relative to maximum drawdown | 2.52 | -0.77 | +3.30 |
| Martin ratioReturn relative to average drawdown | 5.48 | -1.20 | +6.68 |
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Drawdowns
UTG vs. NVO - Drawdown Comparison
The maximum UTG drawdown since its inception was -67.77%, smaller than the maximum NVO drawdown of -74.70%. Use the drawdown chart below to compare losses from any high point for UTG and NVO.
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Drawdown Indicators
| UTG | NVO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.77% | -74.70% | +6.93% |
Max Drawdown (1Y)Largest decline over 1 year | -11.59% | -50.59% | +39.00% |
Max Drawdown (3Y)Largest decline over 3 years | -15.03% | -74.70% | +59.67% |
Max Drawdown (5Y)Largest decline over 5 years | -26.54% | -74.70% | +48.16% |
Max Drawdown (10Y)Largest decline over 10 years | -47.91% | -74.70% | +26.79% |
Current DrawdownCurrent decline from peak | -2.65% | -68.62% | +65.97% |
Average DrawdownAverage peak-to-trough decline | -8.73% | -17.81% | +9.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.33% | 32.66% | -27.33% |
Volatility
UTG vs. NVO - Volatility Comparison
The current volatility for Reaves Utility Income Trust (UTG) is 6.16%, while Novo Nordisk A/S (NVO) has a volatility of 10.13%. This indicates that UTG experiences smaller price fluctuations and is considered to be less risky than NVO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UTG | NVO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.16% | 10.13% | -3.97% |
Volatility (6M)Calculated over the trailing 6-month period | 13.51% | 37.86% | -24.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.27% | 51.56% | -34.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.94% | 38.34% | -21.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.63% | 32.53% | -10.90% |
Dividends
UTG vs. NVO - Dividend Comparison
UTG's dividend yield for the trailing twelve months is around 5.70%, more than NVO's 4.17% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NVO Novo Nordisk A/S | 4.17% | 3.31% | 1.68% | 1.00% | 1.20% | 1.35% | 1.87% | 2.14% | 1.45% | 1.52% | 2.87% | 0.92% |
UTG Reaves Utility Income Trust | 5.70% | 6.42% | 7.19% | 8.53% | 8.07% | 6.35% | 6.59% | 5.69% | 6.86% | 6.21% | 9.02% | 6.86% |
Financials
UTG vs. NVO - Financials Comparison
This section allows you to compare key financial metrics between Reaves Utility Income Trust and Novo Nordisk A/S. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
Frequently Asked Questions
UTG and NVO have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NVO has higher volatility (10.13%) compared to UTG (6.16%). In terms of maximum drawdown, UTG dropped -67.77% vs NVO's -74.70%.
UTG currently has the higher Sharpe Ratio (1.70 vs -0.76), 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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