UTES
Virtus Reaves Utilities ETF
The Reaves Utilities ETF is an actively managed ETF that holds US-listed utility stocks. UTES’ managers aim to outperform the sector by selecting and weighting stocks based on fundamental, growth and risk metrics.
US
EQUITY
Active
MANAGEMENT STYLE
212.5 M
ASSETS UNDER MGMT
49 bp
EXPENSES
Fund Basics
Fund sponsor | Virtus |
Category | US |
Asset class | Equity |
Website | link... |
Inception date | Sep 23, 2015 |
Assets (mns) | $213 |
Expense ratio | 49 bp |
Currency | USD |
Sector Breakdown
Fund Structure
Regulation | Open-End Investment Company |
Distributions | Quarterly |
Taxation | 1099 |
Stock selection | Proprietary |
Weighting | Proprietary |
Holdings Transparency | Full |
Derivatives-based | No |
Options available | No |
Currency hedged | No |
Fund of funds | No |
Top 10 Holdings
NEXTERA ENERGY GROUP | 17.6 % |
CONSTELLATION ENERGY CORPORATION | 10.1 % |
VISTRA ENERGY CORP. | 8.7 % |
PUBLIC SERVICE ENTERPRISE GP | 5.2 % |
P G & E CORP | 5.2 % |
ATMOS ENERGY CORP | 4.8 % |
CENTERPOINT ENERGY INC | 4.8 % |
PINNACLE WEST CAPITAL | 4.8 % |
SEMPRA ENERGY | 4.7 % |
DTE ENERGY COMPANY | 4.6 % |
Constituent Breakdown
Number of holdings | 20 |
Herfindahl-Hirschman Index | 768 |
Wgt avg mkt cap (mns) | $57,764 |
Large cap (>$10bn) | 95.5% |
Mid cap ($2-10bn) | 4.5% |
Small cap (<$2bn) | 0.0% |
Developed mkts. | 100.0% |
Emerging mkts. | 0.0% |
Country Exposure
UNITED STATES | 93.4 % |
Historical Performance
Standardized Performance (as of 09/30/2024)
YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
---|---|---|---|---|---|---|---|
Total Returns | 45.2% | 57.8% | 24.9% | 18.1% | 11.4% | -- | 13.3% | Volatility | 15.9% | 16.7% | 19.4% | 18.2% | 21.9% | -- | -- |
Market Correlations
versus... | Beta | R-squared |
S&P 500 | 0.72 | 49% |
MSCI EAFE | 0.77 | 55% |
MSCI Emg Mkts | 0.60 | 32% |
Liquidity Measures
Avg. volume (000) | 67 |
Turnover | 2.1% |
Avg. Bid/Ask (% of price) | 0.16% |
ADV of underlying (mns) | $5,090 |
Technical Indicators
Recent close | $66.41 |
30d moving avg. | $59.16 |
Annualized volatility | 18.3% |
Relative strength (RSI) | 58 |
Short interest (ETF) | 0.2% |
Short interest (underlying) | 1.4% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
Ticker | Fund Name | Overlap vs. UTES |
Expenses vs. UTES |
ALTAR Score™ vs. UTES |
---|---|---|---|---|
XLU | Utilities Select Sector SPDR Fund | 52.7% | -40 bp | +1.1% |
RSPU | Invesco S&P 500 Equal Weight Utilities ETF | 49.7% | -9 bp | +1.2% |
VPU | Vanguard Utilities ETF | 49.3% | -39 bp | +1.2% |
FUTY | Fidelity MSCI Utilities Index ETF | 48.0% | -41 bp | +1.2% |
IDU | iShares U.S. Utilities ETF | 46.6% | -9 bp | +0.6% |
PUI | Invesco Dorsey Wright Utilities Momentum ETF | 41.9% | +11 bp | +1.4% |
FXU | First Trust Utilities AlphaDEX Fund | 40.4% | +15 bp | +1.1% |
JXI | iShares Global Utilities ETF | 36.2% | -6 bp | +1.6% |
ECLN | First Trust EIP Carbon Impact ETF | 26.0% | +47 bp | +0.3% |
NLR | VanEck Uranium+Nuclear Energy ETF | 20.4% | +12 bp | -1.3% |
Risk and Returns: UTES vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
---|---|---|---|---|---|---|---|---|
Sales per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- | |
Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- | |
Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- | |
Book value per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
2023 | 2024E | Fwd Est | 2025E | |
Price-to-sales | --x | --x | --x | --x |
Price-to-earnings | --x | --x | --x | --x |
Price-to-cash flow | --x | --x | --x | --x |
Price-to-growth | --x | --x | --x | --x |
Price-to-book value | --x | --x | --x | --x |
Yield | --% | --% | --x | --% |
Based on closing prices from 10/4/2024
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Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
UTES
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
UNDERWEIGHT
Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.
ALTAR Score™
UTES
4.2%
Cat. Avg
5.5%
ALTAR Score™ Calculation
Category Overview
There are 933 funds in the US Equity category, with an average ALTAR Score™
of 5.5% and a standard deviation of
2.4%. UTES's ALTAR Score™ is approximately
0.6 standard deviations
below
the category average. This places UTES in the 28th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
UTESSELL
U/W
HOLD
O/W
BUY
Expense Analysis
Peer Group | Active US Equity ETFs |
# of ETFs | 308 |
Avg. Expense Ratio | 67.1 bp |
Std. Deviation | 37 bp |
UTES (49 bp) Percentile rank | 33 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
---|---|---|---|
UTES | 49.0 | 16.3 | 65.3 |
Peer Avg. | 68.3 | 24.8 | 93.1 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .