Returns
| Series | 1 week | 1 month | 3 months | 6 months | YTD | 1 year | 3 years (ann.) | 5 years (ann.) | 10 years (ann.) | Since inception (ann.) |
|---|---|---|---|---|---|---|---|---|---|---|
| Market-price return | -3.22% | -3.30% | -13.57% | -15.34% | -3.17% | -14.40% | +12.62% | +1.37% | +1.73% | +2.36% |
| Market-price total return | -3.22% | -2.74% | -12.14% | -12.69% | +0.85% | -8.92% | +21.17% | +9.17% | +9.30% | +9.97% |
| NAV return | -0.67% | +2.02% | -10.38% | -11.37% | +1.93% | -10.44% | +14.06% | +2.41% | +1.33% | +2.96% |
| NAV total return | -0.67% | +2.61% | -8.89% | -8.59% | +6.17% | -4.70% | +22.79% | +10.34% | +8.83% | +10.26% |
Performance through Oct 14, 2026. Price and NAV returns are simple changes; total returns reinvest each distribution at the series value on its ex-date (first observation on/after). Periods of one year or less are cumulative; longer periods are annualised. Series are built from unadjusted prices plus the distribution record so no distribution is counted twice. Corporate actions: the vendor price series is split-adjusted; rights offerings and mergers are not restated — check Corporate Actions.
Growth of $10,000, five years
Risk statistics
| Statistic | Market price | NAV | Specification |
|---|---|---|---|
| Volatility, 1 year | 0.20% | 0.26% | annualised SD of daily total returns, √252 |
| Volatility, 3 years | 0.18% | 0.22% | as above |
| Volatility, 5 years | 0.18% | 0.28% | as above |
| Maximum drawdown, 3 years | -20.30% | -20.76% | peak-to-trough on the total-return index |
| Sharpe ratio, 3 years | 0.90 | 0.91 | excess over FRED DGS3MO (window average) (avg 4.52%), annualised |
| Sortino ratio, 3 years | 1.20 | 1.33 | downside deviation of excess returns |
| Beta vs. benchmark proxy, 3 years | 0.54 | — | SPY (U.S. equity ETF proxy), daily, aligned dates |
| Correlation, 3 years | 0.47 | — | as above |
| Observations (3y) | 751 | — | minimum 60; rankings require 500 |
Market-price and NAV volatility are different quantities and are never mixed. NAV volatility for funds holding stale-marked or illiquid assets can understate economic risk.
CEF Explorer research page for Reaves Utility Income Fund. Figures carry their own dates and sources; a discount to NAV does not guarantee convergence or any return. This is not investment advice.