UTG vs TSPA

Comparison between Reaves Utility Income Fund (UTG, ETF) and T. ROWE PRICE U.S. EQUITY RESEARCH ETF (TSPA, ETF).

5-Year PerformanceTSPA has outperformed UTG, delivering a return of +13.8% compared to +10.8%

UTG vs TSPA - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	UTG(ETF)	TSPA(ETF)
Net Assets	$4B	$4.10B
Expense Ratio	N/A	0.34%
Max Drawdown	71.97%	24.72%
Sharpe Ratio	0.84	1.31
5Y Beta	0.52	0.97
P/E Ratio	N/A	30.17
Forward P/E	N/A	22.11
PEG Ratio	N/A	0.50
5Y Dividends CAGR	2.05%	N/A
5Y EPS CAGR	N/A	26.55%
Debt to Equity	N/A	39.16%
P/S Ratio	N/A	4.02
P/B Ratio	N/A	5.89

Net Assets

UTG

$4B

Winner

TSPA

$4.10B

Expense Ratio

UTG

N/A

TSPA

0.34%

Max Drawdown

UTG

71.97%

Winner

TSPA

24.72%

Sharpe Ratio

UTG

0.84

Winner

TSPA

1.31

5Y Beta

Winner

UTG

0.52

TSPA

0.97

P/E Ratio

UTG

N/A

TSPA

30.17

Forward P/E

UTG

N/A

TSPA

22.11

PEG Ratio

UTG

N/A

TSPA

0.50

5Y Dividends CAGR

UTG

2.05%

TSPA

N/A

5Y EPS CAGR

UTG

N/A

TSPA

26.55%

Debt to Equity

UTG

N/A

TSPA

39.16%

P/S Ratio

UTG

N/A

TSPA

4.02

P/B Ratio

UTG

N/A

TSPA

5.89

UTG vs TSPA - Historical Returns

Returns include dividend reinvestment.

Period	UTG	TSPA
1 month	-1.97%	+0.13%
3 months	-1.29%	+7.96%
6 months	+9.14%	+10.07%
1 year	+19.35%	+22.25%
5 years(CAGR)	+10.77%	+13.81%
10 years(CAGR)	+10.05%	N/A
Max(CAGR)	+11.04%	+14.26%

UTG

-1.97%

Winner

TSPA

+0.13%

UTG

-1.29%

Winner

TSPA

+7.96%

UTG

+9.14%

Winner

TSPA

+10.07%

UTG

+19.35%

Winner

TSPA

+22.25%

5Y(CAGR)

UTG

+10.77%

Winner

TSPA

+13.81%

10Y(CAGR)

UTG

+10.05%

TSPA

N/A

Max(CAGR)

UTG

+11.04%

Winner

TSPA

+14.26%

UTG vs TSPA - Annual Returns (2004 - 2026)

Returns include dividend reinvestment.

Year	UTG	TSPA
2026	+12.41%	+11.28%
2025	+22.37%	+16.49%
2024	+26.78%	+27.28%
2023	+1.15%	+30.41%
2022	-13.56%	-19.11%
2021	+14.73%	+13.72%
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 TSPA Drawdown Comparison

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

The maximum drawdown for TSPA was -24.72%, occurring on Oct 12, 2022. Recovery took 478 trading sessions.

The current UTG drawdown is -5.89%. The current TSPA drawdown is -0.40%.

Rank	UTG	TSPA
#1	-67.75% Jan 11, 2008 - Jul 30, 2010	-24.72% Dec 29, 2021 - Nov 22, 2023
#2	-47.96% Feb 12, 2020 - Sep 2, 2021	-19.04% Feb 19, 2025 - Jun 27, 2025
#3	-26.50% Apr 20, 2022 - Aug 15, 2024	-9.24% Jan 29, 2026 - Apr 14, 2026
#4	-22.66% Feb 3, 2015 - May 12, 2016	-8.90% Jul 16, 2024 - Sep 19, 2024
#5	-22.28% Aug 24, 2017 - Mar 18, 2019	-5.49% Mar 28, 2024 - May 14, 2024
#6	-21.31% Jul 25, 2011 - Sep 20, 2011	-5.40% Oct 29, 2025 - Dec 11, 2025
#7	-20.10% Mar 17, 2004 - Dec 22, 2004	-4.78% Aug 30, 2021 - Oct 19, 2021
#8	-15.96% Jul 3, 2012 - Mar 13, 2013	-4.46% Jun 2, 2026 - Jun 10, 2026
#9	-15.30% May 21, 2007 - Oct 31, 2007	-4.16% Nov 16, 2021 - Dec 23, 2021
#10	-14.94% Nov 27, 2024 - May 15, 2025	-3.91% Dec 6, 2024 - Jan 22, 2025
#11	-14.92% Sep 7, 2005 - Jul 26, 2006	-2.97% Oct 8, 2025 - Oct 24, 2025
#12	-13.54% May 17, 2013 - Feb 11, 2014	-2.82% Jul 12, 2021 - Jul 23, 2021
#13	-11.66% Jul 11, 2016 - Dec 27, 2016	-2.77% Dec 11, 2025 - Dec 23, 2025
#14	-11.57% Oct 15, 2025 - Feb 17, 2026	-2.64% Oct 14, 2024 - Nov 6, 2024
#15	-11.30% Sep 3, 2021 - Apr 20, 2022	-2.59% Jan 12, 2026 - Jan 27, 2026

Correlation

Correlation between UTG and TSPA is 0.93 which considered as a very strong positive correlation - the stocks move almost identically together.

0.93

-101

Dividend Comparison (2004 - 2026)

UTG vs TSPA dividend yield comparison.

Year	UTG	TSPA
2026	2.46%	0.00%
2025	6.42%	0.62%
2024	7.19%	0.50%
2023	8.53%	0.41%
2022	8.07%	1.16%
2021	6.35%	0.43%
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%