Reaves Utility Correlations

UTG Fund

USD 37.08 0.19 0.51%

The current 90-days correlation between Reaves Utility If and Cohen Steers Reit is 0.54 (i.e., Very weak 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

Weak diversification

The correlation between Reaves Utility If and DJI is 0.38 (i.e., 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 estimate.

Moving together with Reaves Fund

0.65	VVPR	VivoPower International Tech Boost	Pair Corr
0.78	DTW	DTE Energy	Pair Corr
0.69	SVIIR	Spring Valley Acquisition	Pair Corr
0.89	AQNB	Algonquin Power Utilities	Pair Corr
0.85	PEO	Adams Natural Resources	Pair Corr
0.98	IGD	Voya Global Equity	Pair Corr
0.98	ERH	Allspring Utilities And	Pair Corr
0.9	MXF	Mexico Closed	Pair Corr
0.93	DNP	Dnp Select Income	Pair Corr
0.94	PCF	Putnam High Income	Pair Corr
0.92	VVR	Invesco Senior Income	Pair Corr
0.97	NBPIX	Neuberger Berman Large	Pair Corr
0.98	AONIX	One Choice Portfolio	Pair Corr
0.98	QIBGX	Federated Mdt Balanced	Pair Corr
0.84	IORLX	Aim Taxexempt Funds	Pair Corr
0.97	GGNPX	Goldman Sachs High	Pair Corr
0.97	FLCNX	Fidelity Contrafund	Pair Corr
0.98	BLARX	Lord Abbett Balanced	Pair Corr
0.98	CSGCX	Calvert Balanced Por	Pair Corr
0.66	GLEAX	Goldman Sachs Mlp	Pair Corr
0.95	ETJ	Eaton Vance Risk	Pair Corr
0.97	ANVHX	American Century Non	Pair Corr
0.93	PNRZX	Pgim Jennison Natural	Pair Corr
0.94	GPPSX	Goldman Sachs Short	Pair Corr
0.95	OAZMX	Oakmark Fund R6	Pair Corr
0.95	BGHSX	Brandywineglobal High	Pair Corr
0.97	MXEOX	Great West Emerging	Pair Corr
0.96	PGBEX	Blue Chip Fund	Pair Corr
0.98	FAHYX	Fidelity Advisor High	Pair Corr
0.96	MISMX	Matthews Asia Small	Pair Corr
0.96	APDMX	Artisan Mid Cap	Pair Corr
0.98	CLREX	Columbia Balanced	Pair Corr
0.94	KAMCX	Kensington Managed Income	Pair Corr
0.97	TWGIX	Growth Fund I	Pair Corr
0.93	MINJX	Mfs International Value	Pair Corr

Moving against Reaves Fund

0.43

DUKB

Duke Energy Corp

Pair Corr

Related Correlations Analysis

	RNP	RQI	PTY	HQH	UTF	RFI	PDO	CSQ	GOF	PCN
RNP		0.85	0.87	0.15	0.96	0.78	0.84	0.94	0.95	0.72	RNP
RQI	0.85		0.9	0.16	0.86	0.96	0.85	0.88	0.81	0.84	RQI
PTY	0.87	0.9		0.27	0.85	0.87	0.95	0.93	0.87	0.89	PTY
HQH	0.15	0.16	0.27		0.11	0.09	0.37	0.12	0.08	0.2	HQH
UTF	0.96	0.86	0.85	0.11		0.79	0.81	0.95	0.94	0.72	UTF
RFI	0.78	0.96	0.87	0.09	0.79		0.8	0.81	0.74	0.84	RFI
PDO	0.84	0.85	0.95	0.37	0.81	0.8		0.88	0.84	0.86	PDO
CSQ	0.94	0.88	0.93	0.12	0.95	0.81	0.88		0.97	0.79	CSQ
GOF	0.95	0.81	0.87	0.08	0.94	0.74	0.84	0.97		0.75	GOF
PCN	0.72	0.84	0.89	0.2	0.72	0.84	0.86	0.79	0.75		PCN
	RNP	RQI	PTY	HQH	UTF	RFI	PDO	CSQ	GOF	PCN

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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
RNP	0.60	0.08	0.01	0.31	0.66	(0.60)	1.71	(1.36)	4.66
RQI	0.74	0.04	(0.01)	0.22	0.80	(0.83)	1.85	(1.91)	5.14
PTY	0.32	0.06	(0.13)	0.41	0.00	(0.42)	1.03	(0.51)	2.61
HQH	1.08	0.08	(0.07)	(0.24)	1.62	(1.05)	2.22	(1.98)	7.99
UTF	0.53	0.10	(0.02)	0.50	0.36	(0.60)	1.26	(0.90)	3.14
RFI	0.77	(0.01)	(0.07)	0.16	0.83	(0.83)	1.61	(1.17)	4.58
PDO	0.30	0.06	(0.19)	(3.84)	0.44	(0.34)	0.87	(0.70)	3.37
CSQ	0.67	0.19	0.17	0.40	0.27	(0.74)	1.97	(1.20)	4.84
GOF	0.44	0.06	(0.09)	0.34	0.40	(0.48)	1.10	(0.89)	2.41
PCN	0.33	0.00	(0.22)	0.18	0.49	(0.35)	0.66	(1.04)	2.71

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

2025 Macroaxis LLC