UTG vs. SPHY
Compare and contrast key facts about Reaves Utility Income Trust (UTG) and SPDR Portfolio High Yield Bond ETF (SPHY).
SPHY is a passively managed fund by State Street that tracks the performance of the ICE BofAML US High Yield Index. It was launched on Jun 18, 2012.
Performance
UTG vs. SPHY - Performance Comparison
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UTG vs. SPHY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
UTG Reaves Utility Income Trust | 9.79% | 23.24% | 28.10% | 2.84% | -13.38% | 14.26% | -5.25% | 33.65% | 1.84% | 6.74% |
SPHY SPDR Portfolio High Yield Bond ETF | -0.07% | 8.59% | 8.54% | 12.81% | -10.57% | 5.61% | 6.65% | 13.16% | -3.35% | 7.35% |
Returns By Period
In the year-to-date period, UTG achieves a 9.79% return, which is significantly higher than SPHY's -0.07% return. Over the past 10 years, UTG has outperformed SPHY with an annualized return of 10.48%, while SPHY has yielded a comparatively lower 5.32% annualized return.
UTG
- 1D
- 1.25%
- 1M
- -4.85%
- YTD
- 9.79%
- 6M
- 3.19%
- 1Y
- 29.33%
- 3Y*
- 20.55%
- 5Y*
- 11.40%
- 10Y*
- 10.48%
SPHY
- 1D
- 0.25%
- 1M
- -0.69%
- YTD
- -0.07%
- 6M
- 1.01%
- 1Y
- 7.16%
- 3Y*
- 8.49%
- 5Y*
- 4.36%
- 10Y*
- 5.32%
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Return for Risk
UTG vs. SPHY — Risk / Return Rank
UTG
SPHY
UTG vs. SPHY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Reaves Utility Income Trust (UTG) and SPDR Portfolio High Yield Bond ETF (SPHY). 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.
| UTG | SPHY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.55 | 1.31 | +0.25 |
Sortino ratioReturn per unit of downside risk | 1.87 | 1.94 | -0.07 |
Omega ratioGain probability vs. loss probability | 1.30 | 1.31 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 2.52 | 1.81 | +0.71 |
Martin ratioReturn relative to average drawdown | 5.60 | 9.48 | -3.88 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| UTG | SPHY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.55 | 1.31 | +0.25 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.69 | 0.61 | +0.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.49 | 0.67 | -0.18 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.47 | 0.63 | -0.15 |
Correlation
The correlation between UTG and SPHY is 0.31, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
UTG vs. SPHY - Dividend Comparison
UTG's dividend yield for the trailing twelve months is around 5.96%, less than SPHY's 7.37% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
UTG Reaves Utility Income Trust | 5.96% | 6.42% | 7.19% | 8.53% | 8.07% | 6.35% | 6.59% | 5.69% | 6.86% | 6.21% | 9.02% | 6.86% |
SPHY SPDR Portfolio High Yield Bond ETF | 7.37% | 7.38% | 7.80% | 7.30% | 6.47% | 5.13% | 5.63% | 5.73% | 4.09% | 4.41% | 4.27% | 4.29% |
Drawdowns
UTG vs. SPHY - Drawdown Comparison
The maximum UTG drawdown since its inception was -67.77%, which is greater than SPHY's maximum drawdown of -21.97%. Use the drawdown chart below to compare losses from any high point for UTG and SPHY.
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Drawdown Indicators
| UTG | SPHY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.77% | -21.97% | -45.80% |
Max Drawdown (1Y)Largest decline over 1 year | -12.01% | -4.07% | -7.94% |
Max Drawdown (5Y)Largest decline over 5 years | -26.54% | -15.29% | -11.25% |
Max Drawdown (10Y)Largest decline over 10 years | -47.91% | -21.97% | -25.94% |
Current DrawdownCurrent decline from peak | -4.85% | -1.06% | -3.79% |
Average DrawdownAverage peak-to-trough decline | -8.79% | -2.32% | -6.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.41% | 0.78% | +4.63% |
Volatility
UTG vs. SPHY - Volatility Comparison
Reaves Utility Income Trust (UTG) has a higher volatility of 6.36% compared to SPDR Portfolio High Yield Bond ETF (SPHY) at 2.23%. This indicates that UTG's price experiences larger fluctuations and is considered to be riskier than SPHY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UTG | SPHY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.36% | 2.23% | +4.13% |
Volatility (6M)Calculated over the trailing 6-month period | 13.24% | 2.88% | +10.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.97% | 5.50% | +13.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.57% | 7.16% | +9.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.54% | 7.97% | +13.57% |