GII vs. JXI
GII (SPDR S&P Global Infrastructure ETF) and JXI (iShares Global Utilities ETF) are both Utilities Equities funds - GII tracks the S&P Global Infrastructure while JXI tracks the S&P Global Utilities Index. Both are passively managed. Over the past 10 years, GII returned 8.74%/yr vs 9.55%/yr for JXI. Their correlation of 0.81 suggests significant overlap in exposure. GII charges 0.40%/yr vs 0.46%/yr for JXI.
Performance
GII vs. JXI - Performance Comparison
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Returns By Period
In the year-to-date period, GII achieves a 9.90% return, which is significantly higher than JXI's 8.75% return. Over the past 10 years, GII has underperformed JXI with an annualized return of 8.74%, while JXI has yielded a comparatively higher 9.55% annualized return.
GII
- 1D
- 0.41%
- 1M
- 0.16%
- YTD
- 9.90%
- 6M
- 9.22%
- 1Y
- 17.15%
- 3Y*
- 16.92%
- 5Y*
- 10.69%
- 10Y*
- 8.74%
JXI
- 1D
- 0.57%
- 1M
- -0.22%
- YTD
- 8.75%
- 6M
- 8.68%
- 1Y
- 17.78%
- 3Y*
- 16.04%
- 5Y*
- 10.28%
- 10Y*
- 9.55%
GII vs. JXI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GII SPDR S&P Global Infrastructure ETF | 9.90% | 21.79% | 14.30% | 5.90% | -0.54% | 11.39% | -6.81% | 26.32% | -10.08% | 19.07% |
JXI iShares Global Utilities ETF | 8.75% | 25.91% | 13.14% | 0.63% | -4.17% | 10.88% | 5.19% | 23.94% | 2.31% | 14.79% |
Correlation
The correlation between GII and JXI is 0.79, 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 | 0.79 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.82 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.81 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.79 |
Correlation (All Time) Calculated using the full available price history since Jan 31, 2007 | 0.81 |
The correlation between GII and JXI has been stable across timeframes, ranging from 0.79 to 0.82 - a consistent structural relationship.
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Return for Risk
GII vs. JXI — Risk / Return Rank
GII
JXI
GII vs. JXI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Global Infrastructure ETF (GII) 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.
| GII | JXI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.21 | ||
| Sortino ratioReturn per unit of downside risk | +0.37 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.24 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.90 | 2.21 | +0.69 |
| Martin ratioReturn relative to average drawdown | 8.24 | 6.33 | +1.92 |
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Drawdowns
GII vs. JXI - Drawdown Comparison
The maximum GII drawdown since its inception was -50.98%, roughly equal to the maximum JXI drawdown of -50.23%. Use the drawdown chart below to compare losses from any high point for GII and JXI.
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Drawdown Indicators
| GII | JXI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.98% | -50.23% | -0.75% |
Max Drawdown (1Y)Largest decline over 1 year | -5.94% | -8.09% | +2.15% |
Max Drawdown (3Y)Largest decline over 3 years | -14.31% | -16.29% | +1.98% |
Max Drawdown (5Y)Largest decline over 5 years | -20.67% | -22.45% | +1.78% |
Max Drawdown (10Y)Largest decline over 10 years | -42.84% | -34.20% | -8.64% |
Current DrawdownCurrent decline from peak | -2.64% | -4.33% | +1.69% |
Average DrawdownAverage peak-to-trough decline | -11.49% | -12.80% | +1.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.09% | 2.82% | -0.73% |
Volatility
GII vs. JXI - Volatility Comparison
The current volatility for SPDR S&P Global Infrastructure ETF (GII) is 3.60%, while iShares Global Utilities ETF (JXI) has a volatility of 4.26%. This indicates that GII 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
| GII | JXI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.60% | 4.26% | -0.66% |
Volatility (6M)Calculated over the trailing 6-month period | 8.97% | 10.59% | -1.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.86% | 12.92% | -2.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.09% | 15.38% | -1.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.07% | 16.98% | +0.09% |
GII vs. JXI - Expense Ratio Comparison
GII has a 0.40% expense ratio, which is lower than JXI's 0.46% expense ratio.
Dividends
GII vs. JXI - Dividend Comparison
GII's dividend yield for the trailing twelve months is around 2.66%, more than JXI's 2.43% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GII SPDR S&P Global Infrastructure ETF | 2.66% | 3.17% | 3.23% | 3.70% | 3.07% | 2.37% | 2.66% | 3.39% | 3.31% | 3.38% | 3.11% | 3.54% |
JXI iShares Global Utilities ETF | 2.43% | 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
GII and JXI have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JXI has higher volatility (4.26%) compared to GII (3.60%). In terms of maximum drawdown, GII dropped -50.98% vs JXI's -50.23%.
On 10-year performance, JXI leads with 9.55% vs 8.74% for GII. On fees, GII is cheaper at 0.40% per year. On volatility, GII has been the lower-risk option at 3.60%. 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 9.55% return vs 8.74%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
GII is cheaper with a 0.40% expense ratio, compared with 0.46% for JXI.
GII has the higher dividend yield at 2.66%, compared with 2.43% for JXI.
GII tracks S&P Global Infrastructure, while JXI tracks S&P Global Utilities Index. They also come from different issuers: State Street and iShares. Their fees differ too: 0.40% for GII and 0.46% for JXI.
GII currently has the higher Sharpe Ratio (1.59 vs 1.38), 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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