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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: UTG or SPHY.
Performance
UTG vs. SPHY - Performance Comparison
Returns By Period
In the year-to-date period, UTG achieves a 37.39% return, which is significantly higher than SPHY's 8.54% return. Over the past 10 years, UTG has outperformed SPHY with an annualized return of 9.32%, while SPHY has yielded a comparatively lower 4.60% annualized return.
UTG
37.39%
5.87%
29.63%
42.35%
6.13%
9.32%
SPHY
8.54%
0.70%
6.62%
13.05%
4.91%
4.60%
Key characteristics
| UTG | SPHY | |
|---|---|---|
| Sharpe Ratio | 3.19 | 3.03 |
| Sortino Ratio | 4.22 | 4.77 |
| Omega Ratio | 1.56 | 1.61 |
| Calmar Ratio | 2.72 | 3.91 |
| Martin Ratio | 16.72 | 23.83 |
| Ulcer Index | 2.58% | 0.56% |
| Daily Std Dev | 13.51% | 4.40% |
| Max Drawdown | -67.51% | -21.97% |
| Current Drawdown | 0.00% | -0.42% |
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Correlation
The correlation between UTG and SPHY is 0.30, 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.
Risk-Adjusted Performance
UTG vs. SPHY - Risk-Adjusted Performance 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.
Dividends
UTG vs. SPHY - Dividend Comparison
UTG's dividend yield for the trailing twelve months is around 6.63%, less than SPHY's 7.77% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
UTG Reaves Utility Income Trust | 6.63% | 8.53% | 8.07% | 6.35% | 6.59% | 5.69% | 6.86% | 6.54% | 9.42% | 7.29% | 5.53% | 6.85% |
SPHY SPDR Portfolio High Yield Bond ETF | 7.77% | 7.30% | 6.46% | 5.13% | 5.63% | 5.73% | 4.09% | 4.41% | 4.28% | 4.29% | 3.98% | 4.40% |
Drawdowns
UTG vs. SPHY - Drawdown Comparison
The maximum UTG drawdown since its inception was -67.51%, 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. For additional features, visit the drawdowns tool.
Volatility
UTG vs. SPHY - Volatility Comparison
Reaves Utility Income Trust (UTG) has a higher volatility of 4.49% compared to SPDR Portfolio High Yield Bond ETF (SPHY) at 0.96%. 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.