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
$ 1.5 B
ASSETS UNDER MGMT
49 bp
EXPENSES
Fund Basics
| Inception date | Sep 23, 2015 |
| Regulation | Open-End Investment Company |
| Fund Website | link... |
| Distributions | Quarterly |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| TALEN ENERGY CORP ORDINARY SHARES NEW | 12.2 % |
| CONSTELLATION ENERGY CORPORATION | 12.2 % |
| VISTRA ENERGY CORP. | 11.3 % |
| XCEL ENERGY INC | 6.9 % |
| CENTERPOINT ENERGY INC | 6.3 % |
| NISOURCE INC | 5.1 % |
| ENTERGY CORP | 5.0 % |
| SEMPRA ENERGY | 5.0 % |
| ALLIANT ENERGY CORP | 4.8 % |
| NRG ENERGY INC | 4.8 % |
Constituent Breakdown
| Number of holdings | 21 |
| Herfindahl-Hirschman Index | 726 |
| Wgt avg mkt cap (mns) | $43,837 |
| Large cap (>$10bn) | 80.9% |
| Mid cap ($2-10bn) | 5.0% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 85.9% |
| Emerging mkts. | 0.0% |
Sector Breakdown
Country Exposure
 |
UNITED STATES | 85.9 % |
Historical Performance
Standardized Performance (as of 03/31/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 1.2% | 23.7% | 28.3% | 20.5% | 14.0% | 10.3% | -- | 11.6% |
| Dividend Yield | 0.0% | 1.4% | 1.7% | 2.1% | 2.2% | 2.5% | -- | 2.5% |
| Total Returns | 1.2% | 25.1% | 30.0% | 22.6% | 16.2% | 12.8% | -- | 14.1% | Ann. Volatility | 26.3% | 22.9% | 23.2% | 21.2% | 20.3% | 20.9% | -- | 20.7% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.71 | 34% |
| MSCI EAFE | 0.69 | 28% |
| MSCI Emg Mkts | 0.56 | 25% |
Liquidity Measures
| Avg. volume (000) | 151 |
| ADV traded (mns) | $13 |
| Turnover | 0.8% |
| Avg. Bid/Ask (% of price) | 0.07% |
Technical Indicators
| 30d moving avg. (EMA) | $81.57 |
| Relative strength (RSI) | 54 |
| MACD/Signal | 0.28/0.23 |
| Bollinger Bands (Upper/Lower) | $84.02/$79.10 |
| Short interest (% of AUM) | 1.0% |
Distributions
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. UTES |
Expenses vs. UTES |
ALTAR Score™ vs. UTES |
|---|---|---|---|---|
| RSPU | Invesco S&P 500 Equal Weight Utilities ETF | 45.8% | -9 bp | +1.2% |
| XLU | Utilities Select Sector SPDR | 40.8% | -41 bp | +0.9% |
| FUTY | Fidelity MSCI Utilities Index ETF | 39.3% | -41 bp | +1.0% |
| VPU | Vanguard Utilities ETF | 38.6% | -40 bp | +1.0% |
| IDU | iShares U.S. Utilities ETF | 37.2% | -9 bp | +0.6% |
| PUI | Invesco Dorsey Wright Utilities Momentum ETF | 35.3% | +11 bp | +0.4% |
| FXU | First Trust Utilities AlphaDEX Fund | 28.6% | +15 bp | +1.5% |
| JXI | iShares Global Utilities ETF | 27.2% | -6 bp | +1.3% |
| FPWR | First Trust EIP Power Solutions ETF | 26.6% | +47 bp | +0.6% |
| ZAP | Global X U.S. Electrification ETF | 26.5% | +1 bp | -0.5% |
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 (USD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Book value per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| 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 5/1/2026
Peer Group Comparison Sample data. Subscribe for access.
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
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
4.0%
ALTAR SCORE™
25th
PERCENTILE
UNDERWEIGHT
ETFRC RATING
There are 1,202 funds in the US Equity category with an average
ALTAR Score™ of 5.4% and a standard deviation
of 2.0%. UTES's ALTAR Score™ is approximately -0.7 standard
deviations above the category average. This places UTES in the 25th percentile
among funds in the category.
Sell-Side Consensus
$93.89
PRICE TARGET
+11.6%
UPSIDE