BTC vs UTG
Comparison between Grayscale Bitcoin Mini Trust ETF (BTC, ETF) and Reaves Utility Income Fund (UTG, ETF).
BTC vs UTG - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
BTC
$4B
UTG
$4B
Expense Ratio
BTC
0.15%
UTG
N/A
Max Drawdown
Winner
BTC
49.34%
UTG
71.97%
Sharpe Ratio
BTC
-0.44
Winner
UTG
1.82
5Y Beta
BTC
1.30
Winner
UTG
0.49
5Y Dividends CAGR
BTC
N/A
UTG
3.54%
BTC vs UTG - Historical Returns
Returns include dividend reinvestment.
1M
Winner
BTC
+10.14%
UTG
+5.61%
3M
Winner
BTC
+23.63%
UTG
+10.43%
6M
BTC
-20.47%
Winner
UTG
+18.34%
1Y
BTC
-20.77%
Winner
UTG
+38.00%
5Y(CAGR)
BTC
N/A
UTG
+12.79%
10Y(CAGR)
BTC
N/A
UTG
+11.21%
Max(CAGR)
Winner
BTC
+12.57%
UTG
+11.41%
BTC vs UTG - Annual Returns (2004 - 2026)
Returns include dividend reinvestment.
| Year | BTC | UTG |
|---|---|---|
| 2026 | -10.07% | +18.74% |
| 2025 | -10.26% | +22.37% |
| 2024 | +44.64% | +26.78% |
| 2023 | N/A | +1.15% |
| 2022 | N/A | -13.56% |
| 2021 | N/A | +14.73% |
| 2020 | N/A | -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% |
BTC vs UTG Drawdown Comparison
The maximum drawdown for BTC was -49.34%, occurring on Feb 5, 2026. This drawdown has not yet recovered.
The maximum drawdown for UTG was -67.75%, occurring on Mar 9, 2009. Recovery took 642 trading sessions.
The current BTC drawdown is -35.68%. The current UTG drawdown is -0.60%.
| Rank | BTC | UTG |
|---|---|---|
| #1 | -49.34% Oct 6, 2025 - Feb 5, 2026 | -67.75% Jan 11, 2008 - Jul 30, 2010 |
| #2 | -28.14% Dec 17, 2024 - May 20, 2025 | -47.96% Feb 12, 2020 - Sep 2, 2021 |
| #3 | -17.96% Jul 31, 2024 - Sep 27, 2024 | -26.50% Apr 20, 2022 - Aug 15, 2024 |
| #4 | -11.96% Aug 13, 2025 - Oct 6, 2025 | -22.66% Feb 3, 2015 - May 12, 2016 |
| #5 | -9.11% Sep 27, 2024 - Oct 14, 2024 | -22.28% Aug 24, 2017 - Mar 18, 2019 |
| #6 | -8.47% Nov 22, 2024 - Dec 6, 2024 | -21.31% Jul 25, 2011 - Sep 20, 2011 |
| #7 | -8.44% May 22, 2025 - Jul 9, 2025 | -20.10% Mar 17, 2004 - Dec 22, 2004 |
| #8 | -7.30% Oct 29, 2024 - Nov 6, 2024 | -15.96% Jul 3, 2012 - Mar 13, 2013 |
| #9 | -5.81% Jul 14, 2025 - Aug 13, 2025 | -15.30% May 21, 2007 - Oct 31, 2007 |
| #10 | -5.48% Dec 6, 2024 - Dec 13, 2024 | -14.94% Nov 27, 2024 - May 15, 2025 |
| #11 | -3.29% Oct 18, 2024 - Oct 28, 2024 | -14.92% Sep 7, 2005 - Jul 26, 2006 |
| #12 | -2.51% Nov 13, 2024 - Nov 15, 2024 | -13.54% May 17, 2013 - Feb 11, 2014 |
| #13 | -1.50% Oct 16, 2024 - Oct 18, 2024 | -11.66% Jul 11, 2016 - Dec 27, 2016 |
| #14 | N/A | -11.57% Oct 15, 2025 - Feb 17, 2026 |
| #15 | N/A | -11.30% Sep 3, 2021 - Apr 20, 2022 |
Correlation
Correlation between BTC and UTG is 0.17 which considered as a very weak or no correlation - the stocks move independently of each other.
0.17
-101
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