UTG vs SPY
Comparison between Reaves Utility Income Fund (UTG, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceSPY has outperformed UTG, delivering a return of +13.3% compared to +11.9%
UTG vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
UTG
$3.60B
Winner
SPY
$652B
Expense Ratio
UTG
N/A
SPY
0.09%
Max Drawdown
UTG
71.97%
Winner
SPY
56.47%
Sharpe Ratio
UTG
1.67
Winner
SPY
2.07
5Y Beta
Winner
UTG
0.49
SPY
1.00
P/E Ratio
UTG
N/A
SPY
28.24
Forward P/E
UTG
N/A
SPY
21.85
5Y Dividends CAGR
UTG
3.54%
Winner
SPY
5.43%
5Y EPS CAGR
UTG
N/A
SPY
25.79%
Debt to Equity
UTG
N/A
SPY
22.35%
P/S Ratio
UTG
N/A
SPY
3.55
P/B Ratio
UTG
N/A
SPY
5.29
UTG vs SPY - Historical Returns
Returns include dividend reinvestment.
1M
UTG
+4.87%
Winner
SPY
+9.11%
3M
Winner
UTG
+11.70%
SPY
+6.59%
6M
Winner
UTG
+17.48%
SPY
+10.56%
1Y
Winner
UTG
+34.99%
SPY
+32.04%
5Y(CAGR)
UTG
+11.92%
Winner
SPY
+13.35%
10Y(CAGR)
UTG
+11.10%
Winner
SPY
+15.49%
Max(CAGR)
Winner
UTG
+11.31%
SPY
+8.50%
UTG vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | UTG | SPY |
|---|---|---|
| 2026 | +16.22% | +8.27% |
| 2025 | +22.37% | +18.00% |
| 2024 | +26.78% | +25.59% |
| 2023 | +1.15% | +26.72% |
| 2022 | -13.56% | -18.64% |
| 2021 | +14.73% | +30.52% |
| 2020 | -5.97% | +17.28% |
| 2019 | +34.02% | +31.09% |
| 2018 | +2.33% | -5.24% |
| 2017 | +5.13% | +20.78% |
| 2016 | +29.83% | +13.59% |
| 2015 | -13.79% | +1.31% |
| 2014 | +39.83% | +14.56% |
| 2013 | +10.08% | +29.00% |
| 2012 | +1.56% | +14.17% |
| 2011 | +23.57% | +0.85% |
| 2010 | +24.97% | +13.14% |
| 2009 | +61.39% | +22.67% |
| 2008 | -48.71% | -36.25% |
| 2007 | +13.03% | +5.32% |
| 2006 | +31.94% | +13.85% |
| 2005 | +3.28% | +5.32% |
| 2004 | +5.01% | +10.75% |
| 2003 | N/A | +24.18% |
| 2002 | N/A | -22.42% |
| 2001 | N/A | -10.13% |
| 2000 | N/A | -8.84% |
| 1999 | N/A | +8.61% |
UTG vs SPY Drawdown Comparison
The maximum drawdown for UTG was -67.75%, occurring on Mar 9, 2009. Recovery took 642 trading sessions.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current UTG drawdown is -2.70%.
| Rank | UTG | SPY |
|---|---|---|
| #1 | -67.75% Jan 11, 2008 - Jul 30, 2010 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -47.96% Feb 12, 2020 - Sep 2, 2021 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -26.50% Apr 20, 2022 - Aug 15, 2024 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -22.66% Feb 3, 2015 - May 12, 2016 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -22.28% Aug 24, 2017 - Mar 18, 2019 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -21.31% Jul 25, 2011 - Sep 20, 2011 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -20.10% Mar 17, 2004 - Dec 22, 2004 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -15.96% Jul 3, 2012 - Mar 13, 2013 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -15.30% May 21, 2007 - Oct 31, 2007 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -14.94% Nov 27, 2024 - May 15, 2025 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -14.92% Sep 7, 2005 - Jul 26, 2006 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -13.54% May 17, 2013 - Feb 11, 2014 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -11.66% Jul 11, 2016 - Dec 27, 2016 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -11.57% Oct 15, 2025 - Feb 17, 2026 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -11.30% Sep 3, 2021 - Apr 20, 2022 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between UTG and SPY is 0.96 which considered as a very strong positive correlation - the stocks move almost identically together.
0.96
-101
Dividend Comparison (1999 - 2026)
UTG vs SPY dividend yield comparison.
| Year | UTG | SPY |
|---|---|---|
| 2026 | 1.41% | 0.24% |
| 2025 | 6.42% | 1.07% |
| 2024 | 7.19% | 1.21% |
| 2023 | 8.53% | 1.40% |
| 2022 | 8.07% | 1.65% |
| 2021 | 6.35% | 1.20% |
| 2020 | 6.59% | 1.52% |
| 2019 | 5.69% | 1.75% |
| 2018 | 6.86% | 2.04% |
| 2017 | 6.21% | 1.80% |
| 2016 | 9.02% | 2.03% |
| 2015 | 6.86% | 2.06% |
| 2014 | 5.06% | 1.87% |
| 2013 | 6.31% | 1.81% |
| 2012 | 6.30% | 2.18% |
| 2011 | 6.49% | 2.05% |
| 2010 | 6.17% | 1.80% |
| 2009 | 7.78% | 1.95% |
| 2008 | 13.58% | 3.02% |
| 2007 | 8.08% | 1.85% |
| 2006 | 5.47% | 1.73% |
| 2005 | 7.65% | 1.73% |
| 2004 | 4.88% | 1.82% |
| 2003 | 0.00% | 1.47% |
| 2002 | 0.00% | 1.70% |
| 2001 | 0.00% | 1.25% |
| 2000 | 0.00% | 1.15% |
| 1999 | 0.00% | 0.24% |
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