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
420.7 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) | $421 |
| 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
| VISTRA ENERGY CORP. | 10.2 % |
| CONSTELLATION ENERGY CORPORATION | 9.3 % |
| TALEN ENERGY CORP ORDINARY SHARES NEW | 7.6 % |
| XCEL ENERGY INC | 7.1 % |
| SEMPRA ENERGY | 6.6 % |
| CENTERPOINT ENERGY INC | 5.7 % |
| ENTERGY CORP | 5.5 % |
| PINNACLE WEST CAPITAL | 5.5 % |
| ATMOS ENERGY CORP | 5.5 % |
| NISOURCE INC | 5.3 % |
Constituent Breakdown
| Number of holdings | 22 |
| Herfindahl-Hirschman Index | 627 |
| Wgt avg mkt cap (mns) | $33,544 |
| Large cap (>$10bn) | 87.2% |
| Mid cap ($2-10bn) | 12.8% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 93.0 % |
Historical Performance
Standardized Performance (as of 04/30/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 4.7% | 34.7% | 20.2% | 12.8% | 13.1% | -- | -- | 10.7% |
| Dividend Yield | 0.0% | 1.0% | 2.0% | 2.1% | 2.2% | -- | -- | 2.5% |
| Total Returns | 4.7% | 35.7% | 22.1% | 14.9% | 15.3% | -- | -- | 13.2% | Ann. Volatility | 34.8% | 26.2% | 21.7% | 21.9% | 20.1% | -- | -- | 20.7% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.74 | 42% |
| MSCI EAFE | 0.71 | 40% |
| MSCI Emg Mkts | 0.62 | 31% |
Liquidity Measures
| Avg. volume (000) | 65 |
| Turnover | 1.0% |
| Avg. Bid/Ask (% of price) | 0.16% |
| ADV of underlying (mns) | $2,183 |
Technical Indicators
| Recent close | $66.75 |
| 30d moving avg. | $64.35 |
| Annualized volatility | 18.9% |
| Relative strength (RSI) | 53 |
| Short interest (ETF) | 0.1% |
| Short interest (underlying) | 1.4% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
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 | 44.9% | -9 bp | +1.2% |
| XLU | Utilities Select Sector SPDR Fund | 41.6% | -41 bp | +0.9% |
| VPU | Vanguard Utilities ETF | 40.6% | -39 bp | +1.0% |
| FUTY | Fidelity MSCI Utilities Index ETF | 40.0% | -41 bp | +1.1% |
| IDU | iShares U.S. Utilities ETF | 37.7% | -9 bp | +0.4% |
| FXU | First Trust Utilities AlphaDEX Fund | 37.0% | +15 bp | +1.3% |
| PUI | Invesco Dorsey Wright Utilities Momentum ETF | 36.4% | +11 bp | +1.1% |
| ZAP | Global X U.S. Electrification ETF | 30.3% | +1 bp | +0.3% |
| JXI | iShares Global Utilities ETF | 29.6% | -6 bp | +1.5% |
| ECLN | First Trust EIP Carbon Impact ETF | 29.0% | +47 bp | -0.3% |
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.
Content on this tab for Individual & Professional subscribers only. Start your FREE trial
Results & Estimates
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | ||
|---|---|---|---|---|---|---|---|---|
| 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
Content on this tab for Individual & Professional subscribers only. Start your FREE trial
Valuation Metrics
| Fwd Est | 2024 | 2025 | 2026 | |
| 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 4/30/2025
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
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.
Some content on this tab for Individual & Professional subscribers only. Start your FREE trial
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
4.5%
Cat. Avg
6.3%
ALTAR Score™ Calculation
Category Overview
There are 921 funds in the US Equity category, with an average ALTAR Score™
of 6.3% and a standard deviation of
2.2%. UTES's ALTAR Score™ is approximately
0.8 standard deviations
below
the category average. This places UTES in the 21st 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. | 67.5 | 46.5 | 114.1 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .