UTG vs. USA
UTG (Reaves Utility Income Trust) and USA (Liberty All-Star Equity Fund) are both stocks. Both operate in the Asset Management industry within the Financial Services sector. Over the past 10 years, UTG returned 10.17%/yr vs 12.12%/yr for USA. At a 0.42 correlation, their price movements are largely independent.
Performance
UTG vs. USA - Performance Comparison
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Returns By Period
In the year-to-date period, UTG achieves a 12.62% return, which is significantly higher than USA's -2.46% return. Over the past 10 years, UTG has underperformed USA with an annualized return of 10.17%, while USA has yielded a comparatively higher 12.12% annualized return.
UTG
- 1D
- -1.44%
- 1M
- -4.42%
- YTD
- 12.62%
- 6M
- 12.10%
- 1Y
- 23.24%
- 3Y*
- 22.14%
- 5Y*
- 10.59%
- 10Y*
- 10.17%
USA
- 1D
- 0.52%
- 1M
- -0.34%
- YTD
- -2.46%
- 6M
- -0.07%
- 1Y
- -4.04%
- 3Y*
- 8.72%
- 5Y*
- 1.63%
- 10Y*
- 12.12%
UTG vs. USA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
UTG Reaves Utility Income Trust | 12.62% | 23.24% | 28.10% | 2.84% | -13.38% | 14.26% | -5.25% | 33.65% | 1.84% | 6.74% |
USA Liberty All-Star Equity Fund | -2.46% | 0.09% | 20.81% | 23.17% | -25.20% | 33.76% | 12.89% | 39.70% | -5.06% | 34.66% |
Correlation
The correlation between UTG and USA is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.27 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.36 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.43 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.41 |
Correlation (All Time) Calculated using the full available price history since Feb 26, 2004 | 0.42 |
The correlation between UTG and USA shifts across timeframes, from 0.27 (1 year) to 0.43 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
UTG:
$3.63B
USA:
$1.75B
UTG:
$18.20
USA:
$1.42
UTG:
2.22
USA:
4.09
UTG:
6.91
USA:
4.86
UTG:
1.03
USA:
0.85
UTG:
$525.39M
USA:
$355.74M
UTG:
$228.88M
USA:
$329.90M
UTG:
$1.71B
USA:
$305.11M
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Return for Risk
UTG vs. USA — Risk / Return Rank
UTG
USA
UTG vs. USA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Reaves Utility Income Trust (UTG) and Liberty All-Star Equity Fund (USA). 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 | USA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.69 | ||
| Sortino ratioReturn per unit of downside risk | +2.17 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 0.96 | +0.28 |
| Calmar ratioReturn relative to maximum drawdown | 2.01 | -0.27 | +2.28 |
| Martin ratioReturn relative to average drawdown | 4.46 | -0.64 | +5.10 |
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 | USA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.39 | -0.30 | +1.69 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.63 | 0.08 | +0.55 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.47 | 0.54 | -0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 0.34 | +0.14 |
Drawdowns
UTG vs. USA - Drawdown Comparison
The maximum UTG drawdown since its inception was -67.77%, roughly equal to the maximum USA drawdown of -69.15%. Use the drawdown chart below to compare losses from any high point for UTG and USA.
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Drawdown Indicators
| UTG | USA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.77% | -69.15% | +1.38% |
Max Drawdown (1Y)Largest decline over 1 year | -11.59% | -15.28% | +3.69% |
Max Drawdown (3Y)Largest decline over 3 years | -15.03% | -17.69% | +2.66% |
Max Drawdown (5Y)Largest decline over 5 years | -26.54% | -34.05% | +7.51% |
Max Drawdown (10Y)Largest decline over 10 years | -47.91% | -47.07% | -0.84% |
Current DrawdownCurrent decline from peak | -7.00% | -7.69% | +0.69% |
Average DrawdownAverage peak-to-trough decline | -8.74% | -11.52% | +2.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.22% | 6.36% | -1.14% |
Volatility
UTG vs. USA - Volatility Comparison
Reaves Utility Income Trust (UTG) has a higher volatility of 6.24% compared to Liberty All-Star Equity Fund (USA) at 2.25%. This indicates that UTG's price experiences larger fluctuations and is considered to be riskier than USA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UTG | USA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.24% | 2.25% | +3.99% |
Volatility (6M)Calculated over the trailing 6-month period | 12.95% | 10.17% | +2.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.83% | 13.45% | +3.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.84% | 20.24% | -3.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.61% | 22.56% | -0.95% |
Dividends
UTG vs. USA - Dividend Comparison
UTG's dividend yield for the trailing twelve months is around 5.91%, less than USA's 11.72% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
USA Liberty All-Star Equity Fund | 11.72% | 10.67% | 10.22% | 9.56% | 12.11% | 9.67% | 9.13% | 9.75% | 12.64% | 8.89% | 9.30% | 9.53% |
UTG Reaves Utility Income Trust | 5.91% | 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. USA - Financials Comparison
This section allows you to compare key financial metrics between Reaves Utility Income Trust and Liberty All-Star Equity Fund. 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 USA have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UTG has higher volatility (6.24%) compared to USA (2.25%). In terms of maximum drawdown, UTG dropped -67.77% vs USA's -69.15%.
UTG currently has the higher Sharpe Ratio (1.39 vs -0.30), 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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