Reaves Utility Correlations

UTG Fund

USD 39.43 0.84 2.18%

The current 90-days correlation between Reaves Utility If and BlackRock Health Sciences is 0.19 (i.e., Average diversification). The correlation of Reaves Utility is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Reaves Utility Correlation With Market

Very weak diversification

The correlation between Reaves Utility If and DJI is 0.58 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Reaves Utility If and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Reaves Utility If. Also, note that the market value of any fund could be closely tied with the direction of predictive economic indicators such as signals in persons.

Moving together with Reaves Fund

0.72	DNP	Dnp Select Income	Pair Corr
0.7	VVR	Invesco Senior Income	Pair Corr
0.64	AHIFX	American High Income	Pair Corr
0.62	VTRHX	Voya Target Retirement	Pair Corr
0.61	RHHTX	American Funds 2045	Pair Corr
0.65	JMBRX	Jpmorgan Smartretirement*	Pair Corr
0.74	VEMIX	Vanguard Emerging Markets	Pair Corr
0.69	IFAFX	Income Fund	Pair Corr
0.68	UNPSX	Ultrainternational	Pair Corr
0.65	NWJFX	Nationwide Ziegler Nyse	Pair Corr
0.65	CATLX	Future Scholar 529	Pair Corr
0.65	RGLHX	American Funds Global	Pair Corr
0.65	MTLFX	Mfs Municipal Limited	Pair Corr
0.68	QMHIX	Aqr Managed Futures	Pair Corr
0.7	JIBRX	Lifestyle Ii Balanced	Pair Corr
0.63	FSHYX	Nuveen Short Term	Pair Corr
0.69	CIISX	Causeway International	Pair Corr
0.76	WESJX	William Blair Emerging	Pair Corr
0.67	SIRZX	Sierra E Retirement	Pair Corr

Moving against Reaves Fund

0.32

CYCL

Centennial Communications

Pair Corr

Related Correlations Analysis

	OISGX	SPPP	GUT	BMEZ	NML	TGDVX	NMIAX	OMAH	BUI	PRCNX
OISGX		0.82	0.73	0.8	0.52	0.89	0.81	0.31	0.6	0.77	OISGX
SPPP	0.82		0.75	0.72	0.47	0.74	0.82	0.03	0.65	0.86	SPPP
GUT	0.73	0.75		0.59	0.44	0.68	0.63	0.12	0.53	0.68	GUT
BMEZ	0.8	0.72	0.59		0.55	0.69	0.61	0.25	0.51	0.61	BMEZ
NML	0.52	0.47	0.44	0.55		0.76	0.43	0.2	0.88	0.63	NML
TGDVX	0.89	0.74	0.68	0.69	0.76		0.82	0.48	0.83	0.87	TGDVX
NMIAX	0.81	0.82	0.63	0.61	0.43	0.82		0.37	0.65	0.89	NMIAX
OMAH	0.31	0.03	0.12	0.25	0.2	0.48	0.37		0.23	0.29	OMAH
BUI	0.6	0.65	0.53	0.51	0.88	0.83	0.65	0.23		0.85	BUI
PRCNX	0.77	0.86	0.68	0.61	0.63	0.87	0.89	0.29	0.85		PRCNX
	OISGX	SPPP	GUT	BMEZ	NML	TGDVX	NMIAX	OMAH	BUI	PRCNX

Please upgrade your account to get full access to Macroaxis premium features

Risk-Adjusted Indicators

There is a big difference between Reaves Fund performing well and Reaves Utility Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Reaves Utility's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
OISGX	0.97	(0.01)	0.01	0.07	1.06	(1.17)	2.03	(1.86)	5.16
SPPP	3.14	0.30	0.06	0.27	5.10	(3.24)	6.99	(5.04)	29.95
GUT	0.65	0.04	(0.04)	0.53	0.93	(0.70)	1.18	(1.00)	5.23
BMEZ	0.75	0.06	(0.02)	0.72	0.69	(0.93)	2.10	(1.27)	4.93
NML	0.81	0.22	0.15	1.35	0.76	(0.96)	2.14	(1.56)	5.31
TGDVX	0.63	0.03	0.03	0.12	0.65	(0.71)	1.36	(1.26)	3.23
NMIAX	0.77	0.10	0.12	0.18	0.65	(0.96)	1.54	(1.34)	13.61
OMAH	0.42	(0.02)	(0.11)	0.04	0.51	(0.42)	0.71	(0.82)	2.47
BUI	0.69	0.20	0.15	0.72	0.61	(0.77)	1.87	(1.20)	5.64
PRCNX	0.71	0.31	0.36	0.81	0.00	(0.91)	1.29	(0.98)	12.21

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2026 Macroaxis LLC