FUTY vs. JXI
FUTY (Fidelity MSCI Utilities Index ETF) and JXI (iShares Global Utilities ETF) are both Utilities Equities funds - FUTY tracks the MSCI USA IMI Utilities Index while JXI tracks the S&P Global Utilities Index. Both are passively managed. Over the past 10 years, FUTY returned 9.06%/yr vs 9.09%/yr for JXI. Their correlation of 0.90 suggests significant overlap in exposure. FUTY charges 0.08%/yr vs 0.46%/yr for JXI.
Performance
FUTY vs. JXI - Performance Comparison
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Returns By Period
In the year-to-date period, FUTY achieves a 8.15% return, which is significantly lower than JXI's 9.96% return. Both investments have delivered pretty close results over the past 10 years, with FUTY having a 9.06% annualized return and JXI not far ahead at 9.09%.
FUTY
- 1D
- 0.67%
- 1M
- 3.12%
- 6M
- 8.03%
- YTD
- 8.15%
- 1Y
- 13.91%
- 3Y*
- 14.30%
- 5Y*
- 10.19%
- 10Y*
- 9.06%
JXI
- 1D
- 0.59%
- 1M
- 2.24%
- 6M
- 9.43%
- YTD
- 9.96%
- 1Y
- 18.89%
- 3Y*
- 15.45%
- 5Y*
- 10.31%
- 10Y*
- 9.09%
FUTY vs. JXI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FUTY Fidelity MSCI Utilities Index ETF | 8.15% | 16.40% | 23.20% | -7.46% | 1.12% | 17.53% | -0.80% | 24.89% | 4.36% | 12.52% |
JXI iShares Global Utilities ETF | 9.96% | 25.91% | 13.14% | 0.63% | -4.17% | 10.88% | 5.19% | 23.94% | 2.31% | 14.79% |
Correlation
The correlation between FUTY and JXI is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.90 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.92 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.93 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.91 |
Correlation (All Time) Calculated using the full available price history since Oct 24, 2013 | 0.90 |
The correlation between FUTY and JXI has been stable across timeframes, ranging from 0.90 to 0.93 - a consistent structural relationship.
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Return for Risk
FUTY vs. JXI — Risk / Return Rank
FUTY
JXI
FUTY vs. JXI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity MSCI Utilities Index ETF (FUTY) 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.
| FUTY | JXI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.50 | ||
| Sortino ratioReturn per unit of downside risk | -0.59 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.26 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.56 | 2.35 | -0.78 |
| Martin ratioReturn relative to average drawdown | 3.29 | 6.49 | -3.20 |
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Drawdowns
FUTY vs. JXI - Drawdown Comparison
The maximum FUTY drawdown since its inception was -36.44%, smaller than the maximum JXI drawdown of -50.23%. Use the drawdown chart below to compare losses from any high point for FUTY and JXI.
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Drawdown Indicators
| FUTY | JXI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.44% | -50.23% | +13.79% |
Max Drawdown (1Y)Largest decline over 1 year | -8.93% | -8.09% | -0.84% |
Max Drawdown (3Y)Largest decline over 3 years | -17.35% | -16.29% | -1.06% |
Max Drawdown (5Y)Largest decline over 5 years | -25.11% | -22.45% | -2.66% |
Max Drawdown (10Y)Largest decline over 10 years | -36.44% | -34.20% | -2.24% |
Current DrawdownCurrent decline from peak | -2.80% | -3.26% | +0.46% |
Average DrawdownAverage peak-to-trough decline | -6.02% | -12.78% | +6.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.24% | 2.92% | +1.32% |
Volatility
FUTY vs. JXI - Volatility Comparison
Fidelity MSCI Utilities Index ETF (FUTY) has a higher volatility of 4.31% compared to iShares Global Utilities ETF (JXI) at 3.83%. This indicates that FUTY'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
| FUTY | JXI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.31% | 3.83% | +0.48% |
Volatility (6M)Calculated over the trailing 6-month period | 11.67% | 10.87% | +0.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.68% | 13.12% | +1.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.10% | 15.42% | +1.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.08% | 16.97% | +2.11% |
FUTY vs. JXI - Expense Ratio Comparison
FUTY has a 0.08% expense ratio, which is lower than JXI's 0.46% expense ratio.
Dividends
FUTY vs. JXI - Dividend Comparison
FUTY's dividend yield for the trailing twelve months is around 2.57%, more than JXI's 2.40% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FUTY Fidelity MSCI Utilities Index ETF | 2.57% | 2.67% | 2.96% | 3.31% | 2.72% | 2.70% | 3.07% | 2.82% | 3.11% | 3.03% | 3.35% | 4.33% |
JXI iShares Global Utilities ETF | 2.40% | 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
With a correlation of 0.90, FUTY and JXI move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
FUTY has higher volatility (4.31%) compared to JXI (3.83%). In terms of maximum drawdown, FUTY dropped -36.44% vs JXI's -50.23%.
On 10-year performance, JXI leads with 9.09% vs 9.06% for FUTY. On fees, FUTY is cheaper at 0.08% per year. On volatility, JXI has been the lower-risk option at 3.83%. 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 9.09% return vs 9.06%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FUTY is cheaper with a 0.08% expense ratio, compared with 0.46% for JXI.
FUTY has the higher dividend yield at 2.57%, compared with 2.40% for JXI.
FUTY tracks MSCI USA IMI Utilities Index, while JXI tracks S&P Global Utilities Index. They also come from different issuers: Fidelity and iShares. Their fees differ too: 0.08% for FUTY and 0.46% for JXI.
JXI currently has the higher Sharpe Ratio (1.45 vs 0.95), 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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