UTG vs. TFLO
UTG (Reaves Utility Income Trust) is a stock, while TFLO (iShares Treasury Floating Rate Bond ETF) is Government Bonds fund tracking the Bloomberg U.S. Treasury Floating Rate Index. Over the past 10 years, UTG returned 10.70%/yr vs 2.37%/yr for TFLO. At a correlation of -0.05, they often move in opposite directions.
Performance
UTG vs. TFLO - Performance Comparison
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Returns By Period
In the year-to-date period, UTG achieves a 16.83% return, which is significantly higher than TFLO's 1.59% return. Over the past 10 years, UTG has outperformed TFLO with an annualized return of 10.70%, while TFLO has yielded a comparatively lower 2.37% annualized return.
UTG
- 1D
- -0.12%
- 1M
- -2.28%
- YTD
- 16.83%
- 6M
- 14.83%
- 1Y
- 27.73%
- 3Y*
- 24.38%
- 5Y*
- 11.47%
- 10Y*
- 10.70%
TFLO
- 1D
- 0.02%
- 1M
- 0.31%
- YTD
- 1.59%
- 6M
- 1.92%
- 1Y
- 3.97%
- 3Y*
- 4.74%
- 5Y*
- 3.63%
- 10Y*
- 2.37%
UTG vs. TFLO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
UTG Reaves Utility Income Trust | 16.83% | 23.24% | 28.10% | 2.84% | -13.38% | 14.26% | -5.25% | 33.65% | 1.84% | 6.74% |
TFLO iShares Treasury Floating Rate Bond ETF | 1.59% | 4.22% | 5.34% | 5.12% | 1.99% | -0.02% | 0.43% | 2.04% | 1.76% | 1.01% |
Correlation
The correlation between UTG and TFLO is -0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.05 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.05 |
Correlation (All Time) Calculated using the full available price history since Feb 5, 2014 | -0.05 |
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Return for Risk
UTG vs. TFLO — Risk / Return Rank
UTG
TFLO
UTG vs. TFLO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Reaves Utility Income Trust (UTG) and iShares Treasury Floating Rate Bond ETF (TFLO). 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 | TFLO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -12.42 | ||
| Sortino ratioReturn per unit of downside risk | -48.70 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 13.94 | -12.65 |
| Calmar ratioReturn relative to maximum drawdown | 2.40 | 201.22 | -198.82 |
| Martin ratioReturn relative to average drawdown | 5.36 | 823.26 | -817.90 |
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 | TFLO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.67 | 14.09 | -12.42 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.69 | 10.30 | -9.62 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.50 | 5.21 | -4.71 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 0.99 | -0.50 |
Drawdowns
UTG vs. TFLO - Drawdown Comparison
The maximum UTG drawdown since its inception was -67.77%, which is greater than TFLO's maximum drawdown of -5.01%. Use the drawdown chart below to compare losses from any high point for UTG and TFLO.
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Drawdown Indicators
| UTG | TFLO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.77% | -5.01% | -62.76% |
Max Drawdown (1Y)Largest decline over 1 year | -11.59% | -0.02% | -11.57% |
Max Drawdown (3Y)Largest decline over 3 years | -15.03% | -0.04% | -14.99% |
Max Drawdown (5Y)Largest decline over 5 years | -26.54% | -0.13% | -26.41% |
Max Drawdown (10Y)Largest decline over 10 years | -47.91% | -0.16% | -47.75% |
Current DrawdownCurrent decline from peak | -3.53% | 0.00% | -3.53% |
Average DrawdownAverage peak-to-trough decline | -8.74% | -0.10% | -8.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.18% | 0.00% | +5.18% |
Volatility
UTG vs. TFLO - Volatility Comparison
Reaves Utility Income Trust (UTG) has a higher volatility of 6.08% compared to iShares Treasury Floating Rate Bond ETF (TFLO) at 0.07%. This indicates that UTG's price experiences larger fluctuations and is considered to be riskier than TFLO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UTG | TFLO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.08% | 0.07% | +6.01% |
Volatility (6M)Calculated over the trailing 6-month period | 12.74% | 0.20% | +12.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.65% | 0.28% | +16.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.80% | 0.35% | +16.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.59% | 0.46% | +21.13% |
Dividends
UTG vs. TFLO - Dividend Comparison
UTG's dividend yield for the trailing twelve months is around 5.70%, more than TFLO's 3.90% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TFLO iShares Treasury Floating Rate Bond ETF | 3.90% | 4.16% | 5.21% | 4.88% | 1.68% | 0.00% | 0.36% | 2.08% | 1.65% | 0.86% | 0.31% | 0.15% |
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% |
Frequently Asked Questions
UTG and TFLO have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UTG has higher volatility (6.08%) compared to TFLO (0.07%). In terms of maximum drawdown, UTG dropped -67.77% vs TFLO's -5.01%.
TFLO currently has the higher Sharpe Ratio (14.09 vs 1.67), 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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