HELO vs UTG

Comparison between JPMORGAN HEDGED EQUITY LADDERED OVERLAY ETF (HELO, ETF) and Reaves Utility Income Fund (UTG, ETF).

HELO vs UTG - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	HELO(ETF)	UTG(ETF)
Net Assets	$4B	$4B
Expense Ratio	0.50%	N/A
Max Drawdown	11.02%	71.97%
Sharpe Ratio	1.44	1.82
5Y Beta	0.47	0.49
P/E Ratio	28.33	N/A
Forward P/E	21.00	N/A
PEG Ratio	0.57	N/A
5Y Dividends CAGR	N/A	3.54%
5Y EPS CAGR	25.71%	N/A
Debt to Equity	-3.93%	N/A
P/S Ratio	4.08	N/A
P/B Ratio	5.57	N/A

Net Assets

HELO

$4B

UTG

$4B

Expense Ratio

HELO

0.50%

UTG

N/A

Max Drawdown

Winner

HELO

11.02%

UTG

71.97%

Sharpe Ratio

HELO

1.44

Winner

UTG

1.82

5Y Beta

Winner

HELO

0.47

UTG

0.49

P/E Ratio

HELO

28.33

UTG

N/A

Forward P/E

HELO

21.00

UTG

N/A

PEG Ratio

HELO

0.57

UTG

N/A

5Y Dividends CAGR

HELO

N/A

UTG

3.54%

5Y EPS CAGR

HELO

25.71%

UTG

N/A

Debt to Equity

HELO

-3.93%

UTG

N/A

P/S Ratio

HELO

4.08

UTG

N/A

P/B Ratio

HELO

5.57

UTG

N/A

HELO vs UTG - Historical Returns

Returns include dividend reinvestment.

Period	HELO	UTG
1 month	+2.64%	+5.61%
3 months	+1.55%	+10.43%
6 months	+3.07%	+18.34%
1 year	+11.77%	+38.00%
5 years(CAGR)	N/A	+12.79%
10 years(CAGR)	N/A	+11.21%
Max(CAGR)	+13.09%	+11.41%

HELO

+2.64%

Winner

UTG

+5.61%

HELO

+1.55%

Winner

UTG

+10.43%

HELO

+3.07%

Winner

UTG

+18.34%

HELO

+11.77%

Winner

UTG

+38.00%

5Y(CAGR)

HELO

N/A

UTG

+12.79%

10Y(CAGR)

HELO

N/A

UTG

+11.21%

Max(CAGR)

Winner

HELO

+13.09%

UTG

+11.41%

HELO vs UTG - Annual Returns (2004 - 2026)

Returns include dividend reinvestment.

Year	HELO	UTG
2026	+1.98%	+18.74%
2025	+8.10%	+22.37%
2024	+18.31%	+26.78%
2023	+6.30%	+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%

HELO vs UTG Drawdown Comparison

The maximum drawdown for HELO was -10.89%, occurring on Apr 8, 2025. Recovery took 120 trading sessions.

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

The current HELO drawdown is -0.12%. The current UTG drawdown is -0.60%.

Rank	HELO	UTG
#1	-10.89% Feb 19, 2025 - Aug 12, 2025	-67.75% Jan 11, 2008 - Jul 30, 2010
#2	-5.76% Feb 9, 2026 - Apr 22, 2026	-47.96% Feb 12, 2020 - Sep 2, 2021
#3	-4.16% Jul 16, 2024 - Aug 16, 2024	-26.50% Apr 20, 2022 - Aug 15, 2024
#4	-3.60% Oct 17, 2023 - Nov 3, 2023	-22.66% Feb 3, 2015 - May 12, 2016
#5	-2.93% Mar 28, 2024 - May 6, 2024	-22.28% Aug 24, 2017 - Mar 18, 2019
#6	-2.71% Aug 30, 2024 - Sep 19, 2024	-21.31% Jul 25, 2011 - Sep 20, 2011
#7	-2.56% Dec 26, 2024 - Jan 23, 2025	-20.10% Mar 17, 2004 - Dec 22, 2004
#8	-2.38% Nov 12, 2025 - Nov 25, 2025	-15.96% Jul 3, 2012 - Mar 13, 2013
#9	-2.21% Dec 5, 2024 - Dec 26, 2024	-15.30% May 21, 2007 - Oct 31, 2007
#10	-2.09% Jan 12, 2026 - Jan 27, 2026	-14.94% Nov 27, 2024 - May 15, 2025
#11	-1.81% Dec 11, 2025 - Dec 22, 2025	-14.92% Sep 7, 2005 - Jul 26, 2006
#12	-1.50% Oct 29, 2024 - Nov 6, 2024	-13.54% May 17, 2013 - Feb 11, 2014
#13	-1.45% Jan 23, 2025 - Feb 19, 2025	-11.66% Jul 11, 2016 - Dec 27, 2016
#14	-1.34% Oct 6, 2025 - Oct 20, 2025	-11.57% Oct 15, 2025 - Feb 17, 2026
#15	-1.32% Jan 28, 2026 - Feb 9, 2026	-11.30% Sep 3, 2021 - Apr 20, 2022

Correlation

Correlation between HELO and UTG is 0.94 which considered as a very strong positive correlation - the stocks move almost identically together.

0.94

-101

Dividend Comparison (2004 - 2026)

HELO vs UTG dividend yield comparison.

Year	HELO	UTG
2026	0.10%	1.38%
2025	0.67%	6.42%
2024	0.60%	7.19%
2023	0.19%	8.53%
2022	0.00%	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%