UTG vs DEM

Comparison between Reaves Utility Income Fund (UTG, ETF) and WISDOMTREE EMERGING MARKETS HIGH DIVIDEND FUND (DEM, ETF).

5-Year PerformanceUTG has outperformed DEM, delivering a return of +10.7% compared to +9.7%

UTG vs DEM - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	UTG(ETF)	DEM(ETF)
Net Assets	$4B	$4B
Expense Ratio	N/A	0.63%
Max Drawdown	71.97%	57.03%
Sharpe Ratio	1.19	1.59
5Y Beta	0.50	0.60
5Y Dividends CAGR	1.97%	6.07%

Net Assets

UTG

$4B

DEM

$4B

Expense Ratio

UTG

N/A

DEM

0.63%

Max Drawdown

UTG

71.97%

Winner

DEM

57.03%

Sharpe Ratio

UTG

1.19

Winner

DEM

1.59

5Y Beta

Winner

UTG

0.50

DEM

0.60

5Y Dividends CAGR

UTG

1.97%

Winner

DEM

6.07%

UTG vs DEM - Historical Returns

Returns include dividend reinvestment.

Period	UTG	DEM
1 month	-5.60%	+3.24%
3 months	+3.08%	+14.22%
6 months	+13.51%	+21.06%
1 year	+23.61%	+28.20%
5 years(CAGR)	+10.74%	+9.65%
10 years(CAGR)	+10.22%	+10.62%
Max(CAGR)	+11.08%	+5.11%

UTG

-5.60%

Winner

DEM

+3.24%

UTG

+3.08%

Winner

DEM

+14.22%

UTG

+13.51%

Winner

DEM

+21.06%

UTG

+23.61%

Winner

DEM

+28.20%

5Y(CAGR)

Winner

UTG

+10.74%

DEM

+9.65%

10Y(CAGR)

UTG

+10.22%

Winner

DEM

+10.62%

Max(CAGR)

Winner

UTG

+11.08%

DEM

+5.11%

UTG vs DEM - Annual Returns (2004 - 2026)

Returns include dividend reinvestment.

Year	UTG	DEM
2026	+12.09%	+18.40%
2025	+22.37%	+21.85%
2024	+26.78%	+5.66%
2023	+1.15%	+21.11%
2022	-13.56%	-10.64%
2021	+14.73%	+10.71%
2020	-5.97%	-7.42%
2019	+34.02%	+19.79%
2018	+2.33%	-8.80%
2017	+5.13%	+24.78%
2016	+29.83%	+26.16%
2015	-13.79%	-20.90%
2014	+39.83%	-10.17%
2013	+10.08%	-8.21%
2012	+1.56%	+13.65%
2011	+23.57%	-11.22%
2010	+24.97%	+20.83%
2009	+61.39%	+53.78%
2008	-48.71%	-33.89%
2007	+13.03%	+2.61%
2006	+31.94%	N/A
2005	+3.28%	N/A
2004	+5.01%	N/A

UTG vs DEM Drawdown Comparison

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

The maximum drawdown for DEM was -51.78%, occurring on Mar 2, 2009. Recovery took 471 trading sessions.

The current UTG drawdown is -6.16%. The current DEM drawdown is -1.29%.

Rank	UTG	DEM
#1	-67.75% Jan 11, 2008 - Jul 30, 2010	-51.78% May 19, 2008 - Apr 1, 2010
#2	-47.96% Feb 12, 2020 - Sep 2, 2021	-47.00% Apr 29, 2011 - Jan 18, 2018
#3	-26.50% Apr 20, 2022 - Aug 15, 2024	-37.79% Jan 13, 2020 - Mar 15, 2021
#4	-22.66% Feb 3, 2015 - May 12, 2016	-27.12% Feb 16, 2022 - Feb 20, 2024
#5	-22.28% Aug 24, 2017 - Mar 18, 2019	-19.03% Jan 26, 2018 - Jan 2, 2020
#6	-21.31% Jul 25, 2011 - Sep 20, 2011	-18.42% Apr 14, 2010 - Sep 13, 2010
#7	-20.10% Mar 17, 2004 - Dec 22, 2004	-16.36% Jul 23, 2007 - Sep 27, 2007
#8	-15.96% Jul 3, 2012 - Mar 13, 2013	-15.64% Oct 7, 2024 - Jun 6, 2025
#9	-15.30% May 21, 2007 - Oct 31, 2007	-15.33% Oct 31, 2007 - May 15, 2008
#10	-14.94% Nov 27, 2024 - May 15, 2025	-9.48% Jul 11, 2024 - Sep 24, 2024
#11	-14.92% Sep 7, 2005 - Jul 26, 2006	-9.17% Jun 4, 2021 - Jan 12, 2022
#12	-13.54% May 17, 2013 - Feb 11, 2014	-7.89% Feb 25, 2026 - Apr 17, 2026
#13	-11.66% Jul 11, 2016 - Dec 27, 2016	-6.69% Jan 3, 2011 - Mar 30, 2011
#14	-11.57% Oct 15, 2025 - Feb 17, 2026	-6.36% Nov 4, 2010 - Dec 31, 2010
#15	-11.30% Sep 3, 2021 - Apr 20, 2022	-5.30% Sep 17, 2025 - Nov 10, 2025

Correlation

Correlation between UTG and DEM is 0.86 which considered as a strong positive correlation - the stocks tend to move together.

0.86

-101

Dividend Comparison (2004 - 2026)

UTG vs DEM dividend yield comparison.

Year	UTG	DEM
2026	1.96%	0.42%
2025	6.42%	4.88%
2024	7.19%	5.24%
2023	8.53%	5.49%
2022	8.07%	8.62%
2021	6.35%	5.87%
2020	6.59%	4.21%
2019	5.69%	4.78%
2018	6.86%	4.47%
2017	6.21%	3.67%
2016	9.02%	3.63%
2015	6.86%	5.21%
2014	5.06%	5.51%
2013	6.31%	4.10%
2012	6.30%	3.29%
2011	6.49%	4.44%
2010	6.17%	3.24%
2009	7.78%	2.93%
2008	13.58%	5.85%
2007	8.08%	0.92%
2006	5.47%	0.00%
2005	7.65%	0.00%
2004	4.88%	0.00%