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ETFs

Virtus Reaves Utilities ETF

UTES
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Sep 23 2015
Expense Ratio
0.49%
Type
US Equities
Fund Owner
Virtus ETF Solutions
Volume (1m avg. daily)
$123,252
AUM
$44,707,588
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

NEE
NextEra Energy Inc
19.55%
DTE
DTE Energy Co.
7.30%
SRE
Sempra Energy
5.84%
CMS
CMS Energy Corporation
5.46%
VST
Vistra Corp
5.21%
CEG
Constellation Energy Corporation
5.11%
XEL
Xcel Energy, Inc.
5.05%
EIX
Edison International
4.84%
NI
NiSource Inc
4.82%
PPL
PPL Corp
4.29%
Invest with UTES

What is UTES?

The Virtus Reaves Utilities ETF (NASDAQ: UTES) seeks to provide total return through a combination of capital appreciation and income, primarily through investments in equity securities of companies in the utility sector. UTES is an actively-managed ETF. The portfolio management team relies on both qualitative processes (management interviews, field research, macro factor analysis) and quantitative processes (modeling, valuation, technicals) to inform investment decisions.

ETFs related toUTES

ETFs correlated to UTES include UTSL, XLU, FUTY

UTES
ETFis Series Trust I - Virtus Reaves Utilities ETF
UTSL
Direxion Shares ETF Trust - Direxion Daily Utilities Bull 3X Shares
XLU
SSgA Active Trust - Utilities Select Sector SPDR ETF
FUTY
Fidelity Covington Trust - Fidelity MSCI Utilities Index ETF
IDU
BlackRock Institutional Trust Company N.A. - iShares U.S. Utilities ETF
VPU
Vanguard Group, Inc. - Vanguard Utilities ETF
RSPU
Invesco Capital Management LLC - Invesco S&P 500 Equal Weight Utilities ETF
FXU
First Trust Exchange-Traded Fund III - First Trust Utilities AlphaDEX Fund
SPLV
Invesco Capital Management LLC - Invesco S&P 500 Low Volatility ETF
LVHD
Legg Mason ETF Investment Trust - Franklin U.S. Low Volatility High Dividend Index ETF
FVD
First Trust Exchange-Traded Fund III - First Trust Value Line Dividend Index Fund

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toUTES

#PTS

Pick the Trending Sector

Category

Grow Your Portfolio, Ride the Momentum

Risk Rating

Aggressive

#OPUS-12

Opus-12

Category

Opus, Investing for the Long-Term

Risk Rating

Moderate

Create your own algorithmic trading strategy with UTES using Composer

FAQ

UTES is a US Equities ETF. The Virtus Reaves Utilities ETF (NASDAQ: UTES) seeks to provide total return through a combination of capital appreciation and income, primarily through investments in equity securities of companies in the utility sector. UTES is an actively-managed ETF. The portfolio management team relies on both qualitative processes (management interviews, field research, macro factor analysis) and quantitative processes (modeling, valuation, technicals) to inform investment decisions.

Yes, UTES is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, UTES is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on UTES is 0.0155%. This is the percent change in the value of UTES over the most recent 1-month period. The 3-month return on UTES is -0.0082%. This is the percent change in the value of UTES over the most recent 3-month period.

The standard deviation of UTES for the past year is 0.1922%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to UTES include XLI, XLY, and XLV.

ETFs correlated to UTES include UTSL, XLU, and FUTY.

ETFs that are inversely correlated to UTES include DRV, SRS, and DOG.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.