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UTIL
+24.95 · +11.58%
£240.43 · LSE
SPDR® MSCI Europe Utilities UCITS ETF | Sector Equity Utilities
State Street Global Advisors Europe Limited · Ireland
AUM:€780.1M
#– of – in Sector Equity Utilities ETFs
ℹ️
Reward Rating
72
Strong
44.40% 1Y return
ℹ️
Risk Rating
55
Elevated
Risk Assessment
ℹ️

Educational tool only – Scores are based on historical data, holdings and expense metrics for informational purposes. This is not financial advice or a recommendation to buy or sell any security. Always conduct your own research or consult a qualified financial adviser.

Market Performance

📈 Up 44.4% over the past year, reflecting strong price momentum.

Cost Efficiency

💰 Ongoing charge of 0.18% — competitive for the exposure provided.

What is UTIL?

SPDR® MSCI Europe Utilities UCITS ETF tracks Morningstar Gbl Util NR USD, providing diversified exposure across 24 holdings. Its ongoing charge is 0.18%.

Performance Highlights

Investment Breakdown

Strong Recent Performance
UTIL delivered 44.4% over the past year. Historical returns only — past performance is not indicative of future results.
Competitive Ongoing Charge
Ongoing charge of 0.18% — reasonable for the index exposure provided.
Concentrated Holdings
Top 10 holdings account for 81.7% of the ETF — significant weight in a small number of names.

Openbook Analysis

Performance: Strong (72)

The scoring profile reflects strong historical performance characteristics, including a 44.4% 1-year return (historical). The ongoing charge of 0.18% is reasonable for this exposure. Risk indicators are elevated — volatility warrants consideration (historical).

For informational and educational purposes only. Not financial advice. Past performance is not indicative of future results.

ETF Information
AUM€780.1M
Ongoing Charge0.18%
Dividend Yield5.44%
Holdings24
Inception DateDec 2014
DomicileIreland
DistributionNA
IndexMorningstar Gbl Util NR USD
ProviderState Street Global Advisors Europe Limited
Beta–
CategorySector Equity Utilities
CurrencyEUR
Portfolio Impact

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6168
+7 points · better diversified
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Uses ISF.L (iShares FTSE 100 ETF)
Indicators

Performance Metrics

Historical returns

6M
+13.6%
1Y
+27.3%
3Y
+59.5%
5Y
+71.0%
OpenBook InsightIf you had invested £10,000 in UTIL 5 years ago, it would have grown to £17,103 — a gain of £7,103.

Annual Returns

Calendar year performance

UTIL delivered positive returns in 4 of the last 5 calendar years.
YearUTIL
2026 YTD+10.9%
2025+31.6%
2024+1.8%
2023+12.4%
2022-7.7%
CAGR 4yr+8.6%
4/5 positive yearsAvg return: +9.8%Worst year: -7.7% (2022)

Technical Analysis Summary

Automated insights from historical price action and indicators

Technical Regime: MIXED
Trend Strength
33%
Negative
Volatility
20.5%
Moderate
Momentum
-2.5%
30-day change
Support Level
248.15
Key floor
Key Insights
  • Price is consolidating, with low momentum over the recent period.
  • Monitor key support and resistance levels as part of broader risk assessment.

Reward Rating Breakdown

Our reward rating analyses UTIL's attractiveness using 4 weighted factors. Each factor is scored 0-100, then combined using the weights shown below. Past performance does not guarantee future results.

Overall Reward Rating
72
Strong REWARD
Data Coverage: %
Factor Framework
Performance
Has the ETF delivered strong historical returns versus similar ETFs?
Cost Efficiency
Is the ETF cheap to own over long periods?
Income
Does it provide attractive and consistent distributions?
Diversification Quality
Does it spread exposure across holdings, sectors, and regions?

📈 Performance

Weight: 30%
88/100

Has the ETF delivered strong historical returns versus similar ETFs? Combines 1/3/5/10-year returns with the Sharpe ratio (risk-adjusted return).

1Y Return
44.40%
Very Good
3Y Return
19.07%
Very Good
5Y Return
13.77%
Very Good
10Y Return
11.11%
Very Good
Sharpe Ratio
—
No Data

Strong historical performance profile: 1-year return of 44.40%, 3-year annualised 19.07%, 5-year annualised 13.77%. Past performance is not indicative of future results.

💰 Cost Efficiency

Weight: 30%
85/100

Is the ETF cheap to own over long periods? Low ongoing charges compound into meaningful additional returns over a 10-year horizon.

Ongoing Charge
0.18%
Good
Net Expense Ratio
0.00%
Very Good
Annual Turnover
0.00%
Very Good
Tracking Difference
—
No Data

Low-cost and efficient structure: ongoing charge of 0.18%, net expense ratio of 0.00%, annual turnover of 0.0%.

💵 Income

Weight: 15%
95/100

Does the ETF provide attractive and consistent distributions? Combines the current yield with distribution frequency.

Distribution Yield
5.44%
Very Good
Distribution Frequency
NA
No Data

Attractive income profile: distribution yield of 5.44%, na distributions.

🌐 Diversification Quality

Weight: 25%
24/100

Does the ETF spread exposure across many holdings, sectors, and regions? Concentrated funds can be doing exactly what they're meant to do — treat the score as context, not a verdict.

Holdings
24
Very Weak
Top 10 Concentration
81.65%
Very Weak
Top Sector
Utilities95.7%
Very Weak
Top Region
Europe Developed76.6%
Weak

Heavily concentrated — returns will be driven by a narrow slice of the market: 24 holdings, top 10 at 81.7%, Utilities sector at 95.7%, Europe Developed at 76.6%.

Scores are derived from fund-provider disclosures and historical data. For informational and educational purposes only — not investment advice. Past performance is not indicative of future results.

Risk Rating Breakdown

Our risk rating analyses UTIL using 4 weighted factors. A higher score indicates higher risk. This is a framework for understanding exposure — concentrated funds can still be doing exactly what they're meant to do.

Overall Risk Rating
55
Elevated RISK
Data Coverage: 83%
Factor Framework
Holdings Concentration
How much of the fund sits in its largest positions? Few dominant names mean returns ride on those companies.
Market Exposure
Geographic, sector and cyclical dependencies. High single-country or single-sector weight increases macro sensitivity.
Volatility
Historical price movement, beta and drawdowns — how sharply the fund moves relative to the market.
Income Reliability
How dependable the distribution yield is — cyclical-sector dependency and unusually high yields can flag payout risk.

🎯 Holdings Concentration

Weight: 25%
76/100

How much of the fund sits in a small number of positions? If the top holdings dominate, returns will be driven by those specific companies rather than the broader index.

Top 10 Weight
81.65%
High Risk
Largest Holding
21.26%
High Risk
Number of Holdings
24
High Risk
HHI (weight²)
984
Lower Risk

Holdings-level concentration is high: top 10 holdings at 81.7%, largest single position at 21.26%, 24 total holdings.

🌍 Market Exposure

Weight: 25%
61/100

How dependent is the fund on a single country, sector or economic cycle? Heavy exposure to one market means a single macro event can drive most of the return.

Top Region
Europe Developed76.6%
Elevated
Top Sector
Utilities95.7%
High Risk
Top 2 Sectors
100.00%
High Risk
Cyclical Sectors
4.27%
Low Risk

Notable regional or sector dependency: Europe Developed at 76.6%, Utilities sector at 95.7%, 4.3% in cyclical sectors.

📊 Volatility

Weight: 35%
35/100

How sharply does the fund move day-to-day and how deep have its drawdowns been? High volatility means wider return outcomes over short horizons.

1Y Volatility
11.78%
Lower Risk
Beta
—
No Data
Max Drawdown
—
No Data

Moderate volatility in line with broad market: 1Y volatility of 11.78% (historical).

💵 Income Reliability

Weight: 15%
57/100

How dependable is the fund's distribution yield? Heavy cyclical-sector exposure or unusually high yields can flag vulnerability to dividend cuts in a downturn.

Current Yield
5.44%
Elevated
Cyclical Sector Exposure
4.27%
Low Risk
Top-Sector Dependency
Utilities95.7%
High Risk

Income has some cyclical dependency: yield of 5.44%, 4.3% in cyclical sectors (financials, energy, materials, industrials, real estate), Utilities sector at 95.7%.

Scores are derived from fund-provider disclosures and historical data. For informational and educational purposes only — not investment advice. Risk scoring is model-based and past data does not guarantee future results.
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