UTG vs HELO

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

UTG vs HELO - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	UTG(ETF)	HELO(ETF)
Net Assets	$4B	$4.10B
Expense Ratio	N/A	0.50%
Max Drawdown	71.97%	11.02%
Sharpe Ratio	1.19	0.87
5Y Beta	0.50	0.47
P/E Ratio	N/A	26.75
Forward P/E	N/A	20.92
PEG Ratio	N/A	0.52
5Y Dividends CAGR	1.97%	N/A
5Y EPS CAGR	N/A	27.02%
Debt to Equity	N/A	7.94%
P/S Ratio	N/A	3.91
P/B Ratio	N/A	5.58

Net Assets

UTG

$4B

Winner

HELO

$4.10B

Expense Ratio

UTG

N/A

HELO

0.50%

Max Drawdown

UTG

71.97%

Winner

HELO

11.02%

Sharpe Ratio

Winner

UTG

1.19

HELO

0.87

5Y Beta

UTG

0.50

Winner

HELO

0.47

P/E Ratio

UTG

N/A

HELO

26.75

Forward P/E

UTG

N/A

HELO

20.92

PEG Ratio

UTG

N/A

HELO

0.52

5Y Dividends CAGR

UTG

1.97%

HELO

N/A

5Y EPS CAGR

UTG

N/A

HELO

27.02%

Debt to Equity

UTG

N/A

HELO

7.94%

P/S Ratio

UTG

N/A

HELO

3.91

P/B Ratio

UTG

N/A

HELO

5.58

UTG vs HELO - Historical Returns

Returns include dividend reinvestment.

Period	UTG	HELO
1 month	-5.60%	-0.49%
3 months	+3.08%	+3.35%
6 months	+13.51%	+1.93%
1 year	+23.61%	+9.19%
5 years(CAGR)	+10.74%	N/A
10 years(CAGR)	+10.22%	N/A
Max(CAGR)	+11.08%	+12.45%

UTG

-5.60%

Winner

HELO

-0.49%

UTG

+3.08%

Winner

HELO

+3.35%

Winner

UTG

+13.51%

HELO

+1.93%

Winner

UTG

+23.61%

HELO

+9.19%

5Y(CAGR)

UTG

+10.74%

HELO

N/A

10Y(CAGR)

UTG

+10.22%

HELO

N/A

Max(CAGR)

UTG

+11.08%

Winner

HELO

+12.45%

UTG vs HELO - Annual Returns (2004 - 2026)

Returns include dividend reinvestment.

Year	UTG	HELO
2026	+12.09%	+1.48%
2025	+22.37%	+8.10%
2024	+26.78%	+18.31%
2023	+1.15%	+6.30%
2022	-13.56%	N/A
2021	+14.73%	N/A
2020	-5.97%	N/A
2019	+34.02%	N/A
2018	+2.33%	N/A
2017	+5.13%	N/A
2016	+29.83%	N/A
2015	-13.79%	N/A
2014	+39.83%	N/A
2013	+10.08%	N/A
2012	+1.56%	N/A
2011	+23.57%	N/A
2010	+24.97%	N/A
2009	+61.39%	N/A
2008	-48.71%	N/A
2007	+13.03%	N/A
2006	+31.94%	N/A
2005	+3.28%	N/A
2004	+5.01%	N/A

UTG vs HELO Drawdown Comparison

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

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

The current UTG drawdown is -6.16%. The current HELO drawdown is -1.07%.

Rank	UTG	HELO
#1	-67.75% Jan 11, 2008 - Jul 30, 2010	-10.89% Feb 19, 2025 - Aug 12, 2025
#2	-47.96% Feb 12, 2020 - Sep 2, 2021	-5.76% Feb 9, 2026 - Apr 22, 2026
#3	-26.50% Apr 20, 2022 - Aug 15, 2024	-4.16% Jul 16, 2024 - Aug 16, 2024
#4	-22.66% Feb 3, 2015 - May 12, 2016	-3.60% Oct 17, 2023 - Nov 3, 2023
#5	-22.28% Aug 24, 2017 - Mar 18, 2019	-2.93% Mar 28, 2024 - May 6, 2024
#6	-21.31% Jul 25, 2011 - Sep 20, 2011	-2.71% Aug 30, 2024 - Sep 19, 2024
#7	-20.10% Mar 17, 2004 - Dec 22, 2004	-2.56% Dec 26, 2024 - Jan 23, 2025
#8	-15.96% Jul 3, 2012 - Mar 13, 2013	-2.38% Nov 12, 2025 - Nov 25, 2025
#9	-15.30% May 21, 2007 - Oct 31, 2007	-2.21% Dec 5, 2024 - Dec 26, 2024
#10	-14.94% Nov 27, 2024 - May 15, 2025	-2.09% Jan 12, 2026 - Jan 27, 2026
#11	-14.92% Sep 7, 2005 - Jul 26, 2006	-1.81% Dec 11, 2025 - Dec 22, 2025
#12	-13.54% May 17, 2013 - Feb 11, 2014	-1.72% Jun 1, 2026 - Jun 10, 2026
#13	-11.66% Jul 11, 2016 - Dec 27, 2016	-1.50% Oct 29, 2024 - Nov 6, 2024
#14	-11.57% Oct 15, 2025 - Feb 17, 2026	-1.45% Jan 23, 2025 - Feb 19, 2025
#15	-11.30% Sep 3, 2021 - Apr 20, 2022	-1.34% Oct 6, 2025 - Oct 20, 2025

Correlation

Correlation between UTG and HELO is 0.95 which considered as a very strong positive correlation - the stocks move almost identically together.

0.95

-101

Dividend Comparison (2004 - 2026)

UTG vs HELO dividend yield comparison.

Year	UTG	HELO
2026	1.96%	0.10%
2025	6.42%	0.67%
2024	7.19%	0.60%
2023	8.53%	0.19%
2022	8.07%	0.00%
2021	6.35%	0.00%
2020	6.59%	0.00%
2019	5.69%	0.00%
2018	6.86%	0.00%
2017	6.21%	0.00%
2016	9.02%	0.00%
2015	6.86%	0.00%
2014	5.06%	0.00%
2013	6.31%	0.00%
2012	6.30%	0.00%
2011	6.49%	0.00%
2010	6.17%	0.00%
2009	7.78%	0.00%
2008	13.58%	0.00%
2007	8.08%	0.00%
2006	5.47%	0.00%
2005	7.65%	0.00%
2004	4.88%	0.00%