JXI vs. FXU
Compare and contrast key facts about iShares Global Utilities ETF (JXI) and First Trust Utilities AlphaDEX Fund (FXU).
JXI and FXU are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. JXI is a passively managed fund by iShares that tracks the performance of the S&P Global Utilities Index. It was launched on Sep 21, 2006. FXU is a passively managed fund by First Trust that tracks the performance of the StrataQuant Utilities Index. It was launched on May 8, 2007. Both JXI and FXU are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: JXI or FXU.
Key characteristics
| JXI | FXU | |
|---|---|---|
| YTD Return | 3.44% | 5.38% |
| 1Y Return | 1.17% | 4.11% |
| 3Y Return (Ann) | 1.92% | 4.79% |
| 5Y Return (Ann) | 5.68% | 5.89% |
| 10Y Return (Ann) | 5.72% | 6.76% |
| Sharpe Ratio | 0.07 | 0.24 |
| Daily Std Dev | 14.93% | 17.23% |
| Max Drawdown | -50.23% | -48.25% |
| Current Drawdown | -4.37% | -3.86% |
Correlation
The correlation between JXI and FXU is 0.79, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
JXI vs. FXU - Performance Comparison
In the year-to-date period, JXI achieves a 3.44% return, which is significantly lower than FXU's 5.38% return. Over the past 10 years, JXI has underperformed FXU with an annualized return of 5.72%, while FXU has yielded a comparatively higher 6.76% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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JXI vs. FXU - Expense Ratio Comparison
JXI has a 0.46% expense ratio, which is lower than FXU's 0.62% expense ratio.
Risk-Adjusted Performance
JXI vs. FXU - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global Utilities ETF (JXI) and First Trust Utilities AlphaDEX Fund (FXU). 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.
Dividends
JXI vs. FXU - Dividend Comparison
JXI's dividend yield for the trailing twelve months is around 3.46%, more than FXU's 2.51% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JXI iShares Global Utilities ETF | 3.46% | 3.58% | 3.13% | 2.78% | 2.65% | 3.43% | 3.16% | 3.62% | 4.77% | 3.78% | 3.55% | 4.30% |
FXU First Trust Utilities AlphaDEX Fund | 2.51% | 2.52% | 2.03% | 2.00% | 3.97% | 2.34% | 2.40% | 3.81% | 2.62% | 3.90% | 2.14% | 4.14% |
Drawdowns
JXI vs. FXU - Drawdown Comparison
The maximum JXI drawdown since its inception was -50.23%, roughly equal to the maximum FXU drawdown of -48.25%. Use the drawdown chart below to compare losses from any high point for JXI and FXU. For additional features, visit the drawdowns tool.
Volatility
JXI vs. FXU - Volatility Comparison
The current volatility for iShares Global Utilities ETF (JXI) is 4.09%, while First Trust Utilities AlphaDEX Fund (FXU) has a volatility of 4.85%. This indicates that JXI experiences smaller price fluctuations and is considered to be less risky than FXU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.