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
225.1 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) | $225 |
| 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) | 88 |
| Turnover | 2.5% |
| Avg. Bid/Ask (% of price) | 0.16% |
| ADV of underlying (mns) | $5,090 |
Technical Indicators
| Recent close | $64.30 |
| 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 | 53.5% | -40 bp | +1.0% |
| RSPU | Invesco S&P 500 Equal Weight Utilities ETF | 50.8% | -9 bp | +1.1% |
| VPU | Vanguard Utilities ETF | 49.6% | -39 bp | +1.1% |
| FUTY | Fidelity MSCI Utilities Index ETF | 48.0% | -41 bp | +1.1% |
| IDU | iShares U.S. Utilities ETF | 47.1% | -9 bp | +0.5% |
| FXU | First Trust Utilities AlphaDEX Fund | 43.4% | +15 bp | +1.0% |
| PUI | Invesco Dorsey Wright Utilities Momentum ETF | 43.3% | +11 bp | +1.3% |
| JXI | iShares Global Utilities ETF | 37.1% | -6 bp | +1.6% |
| ECLN | First Trust EIP Carbon Impact ETF | 25.7% | +47 bp | +0.1% |
| NLR | VanEck Uranium+Nuclear Energy ETF | 19.6% | +12 bp | -1.6% |
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 10/25/2024
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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
4.3%
Cat. Avg
5.6%
ALTAR Score™ Calculation
Category Overview
There are 934 funds in the US Equity category, with an average ALTAR Score™
of 5.6% and a standard deviation of
2.5%. UTES's ALTAR Score™ is approximately
0.5 standard deviations
below
the category average. This places UTES in the 30rd 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. | 68.1 | 25.3 | 93.3 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .