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EBLU vs. JXI
Performance
Return for Risk
Drawdowns
Volatility
Dividends

EBLU vs. JXI

Last updated Jun 5, 2026

EBLU (Ecofin Global Water ESG Fund) and JXI (iShares Global Utilities ETF) are both exchange-traded funds - EBLU is a Water Equities fund tracking the Ecofin Water ESG Index, while JXI is a Utilities Equities fund tracking the S&P Global Utilities Index. Both are passively managed. Over the past 5 years, EBLU returned 3.88%/yr vs 9.38%/yr for JXI. A 0.53 correlation means they provide meaningful diversification when combined. EBLU charges 0.40%/yr vs 0.46%/yr for JXI.

Performance

EBLU vs. JXI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Ecofin Global Water ESG Fund (EBLU) and iShares Global Utilities ETF (JXI). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, EBLU achieves a -1.55% return, which is significantly lower than JXI's 6.10% return.

EBLU

1D
0.45%
1M
-3.30%
YTD
-1.55%
6M
-3.24%
1Y
-1.21%
3Y*
9.93%
5Y*
3.88%
10Y*
—

JXI

1D
0.65%
1M
-4.82%
YTD
6.10%
6M
5.88%
1Y
17.33%
3Y*
15.38%
5Y*
9.38%
10Y*
9.09%
*Multi-year figures are annualized to reflect compound growth (CAGR)

EBLU vs. JXI - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
EBLU
Ecofin Global Water ESG Fund		-1.55%11.82%8.54%20.95%-25.99%28.93%15.74%38.72%-12.80%20.21%
JXI
iShares Global Utilities ETF		6.10%25.91%13.14%0.63%-4.17%10.88%5.19%23.94%2.31%12.95%

Correlation

The correlation between EBLU and JXI is 0.51, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.51

Correlation (3Y)
Calculated over the trailing 3-year period

0.48

Correlation (5Y)
Calculated over the trailing 5-year period

0.56

Correlation (All Time)
Calculated using the full available price history since Feb 16, 2017

0.53

The correlation between EBLU and JXI has been stable across timeframes, ranging from 0.48 to 0.56 - a consistent structural relationship.

EBLU vs. JXI - Sectors Allocation Comparison

Sectors
EBLU
JXI

Industrials

70.6%
1.2%

Utilities

20.1%
97.6%

Technology

4.0%

-

Basic Materials

4.0%

-

Consumer Defensive

3.4%

-

Energy

1.1%
0.6%

Consumer Cyclical

0.2%

-

Communication Services

-

-

Financial Services

-

-

Healthcare

-

-

Real Estate

-

-

Industrials

EBLU
70.6%
JXI
1.2%

Utilities

EBLU
20.1%
JXI
97.6%

Technology

EBLU
4.0%
JXI

-

Basic Materials

EBLU
4.0%
JXI

-

Consumer Defensive

EBLU
3.4%
JXI

-

Energy

EBLU
1.1%
JXI
0.6%

Consumer Cyclical

EBLU
0.2%
JXI

-

Communication Services

EBLU

-

JXI

-

Financial Services

EBLU

-

JXI

-

Healthcare

EBLU

-

JXI

-

Real Estate

EBLU

-

JXI

-

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Ecofin Global Water ESG Fund

iShares Global Utilities ETF

Often compared with EBLU:
EBLU vs. FIWEBLU vs. PIOEBLU vs. WTTREBLU vs. PHOEBLU vs. CGWEBLU vs. ^GSPCEBLU vs. XLE
Often compared with JXI:
JXI vs. XLUJXI vs. VPUJXI vs. FXUJXI vs. TIPJXI vs. SPYJXI vs. RSPUJXI vs. DXJ

Return for Risk

EBLU vs. JXI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
EBLU
EBLU Risk / Return Rank: 88
Overall Rank
EBLU Sharpe Ratio Rank: 88
Sharpe Ratio Rank
EBLU Sortino Ratio Rank: 88
Sortino Ratio Rank
EBLU Omega Ratio Rank: 88
Omega Ratio Rank
EBLU Calmar Ratio Rank: 88
Calmar Ratio Rank
EBLU Martin Ratio Rank: 88
Martin Ratio Rank
JXI
JXI Risk / Return Rank: 4040
Overall Rank
JXI Sharpe Ratio Rank: 3838
Sharpe Ratio Rank
JXI Sortino Ratio Rank: 3636
Sortino Ratio Rank
JXI Omega Ratio Rank: 3737
Omega Ratio Rank
JXI Calmar Ratio Rank: 4444
Calmar Ratio Rank
JXI Martin Ratio Rank: 4444
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

EBLU vs. JXI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Ecofin Global Water ESG Fund (EBLU) and iShares Global Utilities ETF (JXI). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

EBLUJXIDifference
Sharpe ratioReturn per unit of total volatility
-0.08
1.35

-1.44

Sortino ratioReturn per unit of downside risk
-0.02
1.84

-1.86

Omega ratioGain probability vs. loss probability

1.00

1.24

-0.24

Calmar ratioReturn relative to maximum drawdown

-0.09

2.15

-2.24

Martin ratioReturn relative to average drawdown

-0.22

6.94

-7.16

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EBLU vs. JXI - Sharpe Ratio Comparison

The current EBLU Sharpe Ratio is -0.08, which is lower than the JXI Sharpe Ratio of 1.35. The chart below compares the historical Sharpe Ratios of EBLU and JXI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

EBLUJXIDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

-0.08

1.35

-1.44

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.22

0.61

-0.39

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.54

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.50

0.33

+0.17

Drawdowns

EBLU vs. JXI - Drawdown Comparison

The maximum EBLU drawdown since its inception was -37.58%, smaller than the maximum JXI drawdown of -50.23%. Use the drawdown chart below to compare losses from any high point for EBLU and JXI.

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Drawdown Indicators

EBLUJXIDifference

Max Drawdown

Largest peak-to-trough decline

-37.58%

-50.23%

+12.65%

Max Drawdown (1Y)

Largest decline over 1 year

-13.17%

-8.09%

-5.08%

Max Drawdown (3Y)

Largest decline over 3 years

-15.42%

-16.29%

+0.87%

Max Drawdown (5Y)

Largest decline over 5 years

-35.36%

-22.45%

-12.91%

Max Drawdown (10Y)

Largest decline over 10 years

—

-34.20%

—

Current Drawdown

Current decline from peak

-11.25%

-6.66%

-4.59%

Average Drawdown

Average peak-to-trough decline

-8.15%

-12.82%

+4.67%

Ulcer Index

Depth and duration of drawdowns from previous peaks

5.51%

2.50%

+3.01%

Volatility

EBLU vs. JXI - Volatility Comparison

The current volatility for Ecofin Global Water ESG Fund (EBLU) is 4.35%, while iShares Global Utilities ETF (JXI) has a volatility of 4.89%. This indicates that EBLU experiences smaller price fluctuations and is considered to be less risky than JXI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

EBLUJXIDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.35%

4.89%

-0.54%

Volatility (6M)

Calculated over the trailing 6-month period

11.47%

10.47%

+1.00%

Volatility (1Y)

Calculated over the trailing 1-year period

14.41%

12.90%

+1.51%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.32%

15.39%

+1.93%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.96%

17.01%

+1.95%

EBLU vs. JXI - Expense Ratio Comparison

EBLU has a 0.40% expense ratio, which is lower than JXI's 0.46% expense ratio.

Dividends

EBLU vs. JXI - Dividend Comparison

EBLU's dividend yield for the trailing twelve months is around 3.36%, more than JXI's 2.41% yield.

PositionTTM20252024202320222021202020192018201720162015
EBLU
Ecofin Global Water ESG Fund		3.36%3.31%1.34%1.46%1.64%1.55%1.42%1.58%1.35%1.32%0.00%0.00%
JXI
iShares Global Utilities ETF		2.41%2.56%3.02%3.58%3.13%2.78%2.65%3.43%3.16%3.62%4.77%3.78%

Frequently Asked Questions

EBLU and JXI have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

JXI has higher volatility (4.89%) compared to EBLU (4.35%). In terms of maximum drawdown, EBLU dropped -37.58% vs JXI's -50.23%.

On 5-year performance, JXI leads with 9.38% vs 3.88% for EBLU. On fees, EBLU is cheaper at 0.40% per year. On volatility, EBLU has been the lower-risk option at 4.35%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, JXI has performed better with a 9.38% return vs 3.88%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

EBLU is cheaper with a 0.40% expense ratio, compared with 0.46% for JXI.

EBLU has the higher dividend yield at 3.36%, compared with 2.41% for JXI.

EBLU is categorized as Water Equities, while JXI is Utilities Equities. EBLU tracks Ecofin Water ESG Index, while JXI tracks S&P Global Utilities Index. They also come from different issuers: Tortoise and iShares. Their fees differ too: 0.40% for EBLU and 0.46% for JXI.

JXI currently has the higher Sharpe Ratio (1.35 vs -0.08), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.

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