EMIF vs. JXI
EMIF (iShares Emerging Markets Infrastructure ETF) and JXI (iShares Global Utilities ETF) are both exchange-traded funds - EMIF is a Emerging Markets Equities fund tracking the S&P Emerging Markets Infrastructure Index, while JXI is a Utilities Equities fund tracking the S&P Global Utilities Index. Both are passively managed. Over the past 10 years, EMIF returned 2.46%/yr vs 9.45%/yr for JXI. At a 0.46 correlation, their price movements are largely independent. EMIF charges 0.75%/yr vs 0.46%/yr for JXI.
Performance
EMIF vs. JXI - Performance Comparison
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Returns By Period
In the year-to-date period, EMIF achieves a 1.64% return, which is significantly lower than JXI's 7.74% return. Over the past 10 years, EMIF has underperformed JXI with an annualized return of 2.46%, while JXI has yielded a comparatively higher 9.45% annualized return.
EMIF
- 1D
- -0.02%
- 1M
- -1.61%
- YTD
- 1.64%
- 6M
- 1.44%
- 1Y
- 22.10%
- 3Y*
- 11.82%
- 5Y*
- 5.01%
- 10Y*
- 2.46%
JXI
- 1D
- 0.44%
- 1M
- -1.14%
- YTD
- 7.74%
- 6M
- 8.86%
- 1Y
- 18.92%
- 3Y*
- 15.69%
- 5Y*
- 10.25%
- 10Y*
- 9.45%
EMIF vs. JXI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EMIF iShares Emerging Markets Infrastructure ETF | 1.64% | 33.90% | 1.21% | 5.67% | -12.59% | 3.76% | -19.98% | 16.36% | -13.70% | 20.70% |
JXI iShares Global Utilities ETF | 7.74% | 25.91% | 13.14% | 0.63% | -4.17% | 10.88% | 5.19% | 23.94% | 2.31% | 14.79% |
Correlation
The correlation between EMIF and JXI is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.35 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.33 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since Jun 19, 2009 | 0.46 |
The correlation between EMIF and JXI shifts across timeframes, from 0.28 (1 year) to 0.46 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
EMIF vs. JXI — Risk / Return Rank
EMIF
JXI
EMIF vs. JXI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Emerging Markets Infrastructure ETF (EMIF) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| EMIF | JXI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.08 | ||
| Sortino ratioReturn per unit of downside risk | +0.05 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.26 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.43 | 2.35 | -0.93 |
| Martin ratioReturn relative to average drawdown | 4.28 | 6.80 | -2.53 |
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Drawdowns
EMIF vs. JXI - Drawdown Comparison
The maximum EMIF drawdown since its inception was -48.02%, roughly equal to the maximum JXI drawdown of -50.23%. Use the drawdown chart below to compare losses from any high point for EMIF and JXI.
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Drawdown Indicators
| EMIF | JXI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.02% | -50.23% | +2.21% |
Max Drawdown (1Y)Largest decline over 1 year | -15.57% | -8.09% | -7.48% |
Max Drawdown (3Y)Largest decline over 3 years | -16.70% | -16.29% | -0.41% |
Max Drawdown (5Y)Largest decline over 5 years | -23.29% | -22.45% | -0.84% |
Max Drawdown (10Y)Largest decline over 10 years | -48.02% | -34.20% | -13.82% |
Current DrawdownCurrent decline from peak | -12.54% | -5.21% | -7.33% |
Average DrawdownAverage peak-to-trough decline | -15.90% | -12.80% | -3.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.18% | 2.79% | +2.39% |
Volatility
EMIF vs. JXI - Volatility Comparison
iShares Emerging Markets Infrastructure ETF (EMIF) has a higher volatility of 5.64% compared to iShares Global Utilities ETF (JXI) at 4.33%. This indicates that EMIF's price experiences larger fluctuations and is considered to be riskier 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
| EMIF | JXI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.64% | 4.33% | +1.31% |
Volatility (6M)Calculated over the trailing 6-month period | 13.47% | 10.61% | +2.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.03% | 13.01% | +3.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.73% | 15.39% | +4.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.62% | 17.02% | +3.60% |
EMIF vs. JXI - Expense Ratio Comparison
EMIF has a 0.75% expense ratio, which is higher than JXI's 0.46% expense ratio.
Dividends
EMIF vs. JXI - Dividend Comparison
EMIF's dividend yield for the trailing twelve months is around 4.16%, more than JXI's 2.45% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EMIF iShares Emerging Markets Infrastructure ETF | 4.16% | 4.96% | 4.12% | 2.64% | 3.08% | 3.94% | 2.54% | 2.07% | 2.64% | 2.58% | 3.16% | 2.07% |
JXI iShares Global Utilities ETF | 2.45% | 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
EMIF and JXI have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EMIF has higher volatility (5.64%) compared to JXI (4.33%). In terms of maximum drawdown, EMIF dropped -48.02% vs JXI's -50.23%.
On 10-year performance, JXI leads with 9.45% vs 2.46% for EMIF. On fees, JXI is cheaper at 0.46% per year. On volatility, JXI has been the lower-risk option at 4.33%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, JXI has performed better with a 9.45% return vs 2.46%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
JXI is cheaper with a 0.46% expense ratio, compared with 0.75% for EMIF.
EMIF has the higher dividend yield at 4.16%, compared with 2.45% for JXI.
EMIF is categorized as Emerging Markets Equities, while JXI is Utilities Equities. EMIF tracks S&P Emerging Markets Infrastructure Index, while JXI tracks S&P Global Utilities Index. Their fees differ too: 0.75% for EMIF and 0.46% for JXI.
JXI currently has the higher Sharpe Ratio (1.46 vs 1.39), 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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