BILS vs UTG

Comparison between SPDR BLOOMBERG 3-12 MONTH T-BILL ETF (BILS, ETF) and Reaves Utility Income Fund (UTG, ETF).

5-Year PerformanceUTG has outperformed BILS, delivering a return of +12.8% compared to +3.2%

BILS vs UTG - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	BILS(ETF)	UTG(ETF)
Net Assets	$4B	$4B
Expense Ratio	0.14%	N/A
Max Drawdown	1.20%	71.97%
Sharpe Ratio	1.05	1.82
5Y Beta	-0.00	0.49
5Y Dividends CAGR	N/A	3.54%

Net Assets

BILS

$4B

UTG

$4B

Expense Ratio

BILS

0.14%

UTG

N/A

Max Drawdown

Winner

BILS

1.20%

UTG

71.97%

Sharpe Ratio

BILS

1.05

Winner

UTG

1.82

5Y Beta

Winner

BILS

-0.00

UTG

0.49

5Y Dividends CAGR

BILS

N/A

UTG

3.54%

BILS vs UTG - Historical Returns

Returns include dividend reinvestment.

Period	BILS	UTG
1 month	+0.27%	+5.61%
3 months	+0.81%	+10.43%
6 months	+1.75%	+18.34%
1 year	+3.94%	+38.00%
5 years(CAGR)	+3.25%	+12.79%
10 years(CAGR)	N/A	+11.21%
Max(CAGR)	+2.88%	+11.41%

BILS

+0.27%

Winner

UTG

+5.61%

BILS

+0.81%

Winner

UTG

+10.43%

BILS

+1.75%

Winner

UTG

+18.34%

BILS

+3.94%

Winner

UTG

+38.00%

5Y(CAGR)

BILS

+3.25%

Winner

UTG

+12.79%

10Y(CAGR)

BILS

N/A

UTG

+11.21%

Max(CAGR)

BILS

+2.88%

Winner

UTG

+11.41%

BILS vs UTG - Annual Returns (2004 - 2026)

Returns include dividend reinvestment.

Year	BILS	UTG
2026	+1.16%	+18.74%
2025	+4.19%	+22.37%
2024	+5.15%	+26.78%
2023	+4.92%	+1.15%
2022	+0.91%	-13.56%
2021	-0.08%	+14.73%
2020	+0.00%	-5.97%
2019	N/A	+34.02%
2018	N/A	+2.33%
2017	N/A	+5.13%
2016	N/A	+29.83%
2015	N/A	-13.79%
2014	N/A	+39.83%
2013	N/A	+10.08%
2012	N/A	+1.56%
2011	N/A	+23.57%
2010	N/A	+24.97%
2009	N/A	+61.39%
2008	N/A	-48.71%
2007	N/A	+13.03%
2006	N/A	+31.94%
2005	N/A	+3.28%
2004	N/A	+5.01%

BILS vs UTG Drawdown Comparison

The maximum drawdown for BILS was -0.41%, occurring on Jun 14, 2022. Recovery took 415 trading sessions.

The maximum drawdown for UTG was -67.75%, occurring on Mar 9, 2009. Recovery took 642 trading sessions.

The current UTG drawdown is -0.60%.

Rank	BILS	UTG
#1	-0.41% Feb 5, 2021 - Sep 29, 2022	-67.75% Jan 11, 2008 - Jul 30, 2010
#2	-0.08% Oct 6, 2022 - Oct 27, 2022	-47.96% Feb 12, 2020 - Sep 2, 2021
#3	-0.07% Mar 17, 2023 - Mar 23, 2023	-26.50% Apr 20, 2022 - Aug 15, 2024
#4	-0.04% Feb 1, 2024 - Feb 7, 2024	-22.66% Feb 3, 2015 - May 12, 2016
#5	-0.04% Apr 5, 2023 - Apr 13, 2023	-22.28% Aug 24, 2017 - Mar 18, 2019
#6	-0.04% Mar 13, 2023 - Mar 15, 2023	-21.31% Jul 25, 2011 - Sep 20, 2011
#7	-0.03% Mar 2, 2023 - Mar 9, 2023	-20.10% Mar 17, 2004 - Dec 22, 2004
#8	-0.03% Apr 8, 2025 - Apr 11, 2025	-15.96% Jul 3, 2012 - Mar 13, 2013
#9	-0.03% Apr 13, 2023 - Apr 19, 2023	-15.30% May 21, 2007 - Oct 31, 2007
#10	-0.03% Nov 10, 2022 - Nov 17, 2022	-14.94% Nov 27, 2024 - May 15, 2025
#11	-0.03% Oct 28, 2025 - Oct 31, 2025	-14.92% Sep 7, 2005 - Jul 26, 2006
#12	-0.03% Mar 24, 2023 - Mar 30, 2023	-13.54% May 17, 2013 - Feb 11, 2014
#13	-0.02% Oct 9, 2020 - Feb 5, 2021	-11.66% Jul 11, 2016 - Dec 27, 2016
#14	-0.02% Dec 17, 2024 - Dec 19, 2024	-11.57% Oct 15, 2025 - Feb 17, 2026
#15	-0.02% Mar 15, 2023 - Mar 17, 2023	-11.30% Sep 3, 2021 - Apr 20, 2022

Correlation

Correlation between BILS and UTG is 0.88 which considered as a strong positive correlation - the stocks tend to move together.

0.88

-101

Dividend Comparison (2004 - 2026)

BILS vs UTG dividend yield comparison.

Year	BILS	UTG
2026	1.16%	1.38%
2025	4.08%	6.42%
2024	5.01%	7.19%
2023	4.98%	8.53%
2022	1.61%	8.07%
2021	0.00%	6.35%
2020	0.00%	6.59%
2019	0.00%	5.69%
2018	0.00%	6.86%
2017	0.00%	6.21%
2016	0.00%	9.02%
2015	0.00%	6.86%
2014	0.00%	5.06%
2013	0.00%	6.31%
2012	0.00%	6.30%
2011	0.00%	6.49%
2010	0.00%	6.17%
2009	0.00%	7.78%
2008	0.00%	13.58%
2007	0.00%	8.08%
2006	0.00%	5.47%
2005	0.00%	7.65%
2004	0.00%	4.88%