JXI vs. IWM
JXI (iShares Global Utilities ETF) and IWM (iShares Russell 2000 ETF) are both exchange-traded funds - JXI is a Utilities Equities fund tracking the S&P Global Utilities Index, while IWM is a Small Cap Blend Equities fund tracking the Russell 2000 Index. Both are passively managed. Over the past 10 years, JXI returned 9.49%/yr vs 11.58%/yr for IWM. A 0.52 correlation means they provide meaningful diversification when combined. JXI charges 0.46%/yr vs 0.19%/yr for IWM.
Performance
JXI vs. IWM - Performance Comparison
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Returns By Period
In the year-to-date period, JXI achieves a 8.13% return, which is significantly lower than IWM's 20.47% return. Over the past 10 years, JXI has underperformed IWM with an annualized return of 9.49%, while IWM has yielded a comparatively higher 11.58% annualized return.
JXI
- 1D
- 0.36%
- 1M
- -0.79%
- YTD
- 8.13%
- 6M
- 8.57%
- 1Y
- 17.57%
- 3Y*
- 15.82%
- 5Y*
- 10.30%
- 10Y*
- 9.49%
IWM
- 1D
- -0.96%
- 1M
- 3.82%
- YTD
- 20.47%
- 6M
- 17.64%
- 1Y
- 40.90%
- 3Y*
- 19.22%
- 5Y*
- 6.27%
- 10Y*
- 11.58%
JXI vs. IWM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
JXI iShares Global Utilities ETF | 8.13% | 25.91% | 13.14% | 0.63% | -4.17% | 10.88% | 5.19% | 23.94% | 2.31% | 14.79% |
IWM iShares Russell 2000 ETF | 20.47% | 12.66% | 11.38% | 16.83% | -20.48% | 14.54% | 20.03% | 25.39% | -11.12% | 14.58% |
Correlation
The correlation between JXI and IWM is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.31 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.37 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.42 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since Sep 22, 2006 | 0.52 |
Over the past year, the correlation between JXI and IWM has dropped to 0.31 - well below their long-term average of 0.52, suggesting their price drivers have been diverging.
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Return for Risk
JXI vs. IWM — Risk / Return Rank
JXI
IWM
JXI vs. IWM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global Utilities ETF (JXI) and iShares Russell 2000 ETF (IWM). 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.
| JXI | IWM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.72 | ||
| Sortino ratioReturn per unit of downside risk | -1.03 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.34 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 2.18 | 3.73 | -1.54 |
| Martin ratioReturn relative to average drawdown | 6.28 | 13.18 | -6.90 |
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Drawdowns
JXI vs. IWM - Drawdown Comparison
The maximum JXI drawdown since its inception was -50.23%, smaller than the maximum IWM drawdown of -59.05%. Use the drawdown chart below to compare losses from any high point for JXI and IWM.
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Drawdown Indicators
| JXI | IWM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.23% | -59.05% | +8.82% |
Max Drawdown (1Y)Largest decline over 1 year | -8.09% | -11.03% | +2.94% |
Max Drawdown (3Y)Largest decline over 3 years | -16.29% | -27.50% | +11.21% |
Max Drawdown (5Y)Largest decline over 5 years | -22.45% | -31.91% | +9.46% |
Max Drawdown (10Y)Largest decline over 10 years | -34.20% | -41.13% | +6.93% |
Current DrawdownCurrent decline from peak | -4.87% | -0.96% | -3.91% |
Average DrawdownAverage peak-to-trough decline | -12.80% | -10.75% | -2.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.80% | 3.11% | -0.31% |
Volatility
JXI vs. IWM - Volatility Comparison
The current volatility for iShares Global Utilities ETF (JXI) is 4.23%, while iShares Russell 2000 ETF (IWM) has a volatility of 6.56%. This indicates that JXI experiences smaller price fluctuations and is considered to be less risky than IWM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JXI | IWM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.23% | 6.56% | -2.33% |
Volatility (6M)Calculated over the trailing 6-month period | 10.59% | 14.31% | -3.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.99% | 19.74% | -6.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.38% | 22.61% | -7.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.98% | 23.06% | -6.08% |
JXI vs. IWM - Expense Ratio Comparison
JXI has a 0.46% expense ratio, which is higher than IWM's 0.19% expense ratio.
Dividends
JXI vs. IWM - Dividend Comparison
JXI's dividend yield for the trailing twelve months is around 2.44%, more than IWM's 0.90% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IWM iShares Russell 2000 ETF | 0.90% | 1.04% | 1.15% | 1.35% | 1.48% | 0.94% | 1.04% | 1.26% | 1.40% | 1.26% | 1.38% | 1.54% |
JXI iShares Global Utilities ETF | 2.44% | 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
JXI and IWM have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IWM has higher volatility (6.56%) compared to JXI (4.23%). In terms of maximum drawdown, JXI dropped -50.23% vs IWM's -59.05%.
On 10-year performance, IWM leads with 11.58% vs 9.49% for JXI. On fees, IWM is cheaper at 0.19% per year. On volatility, JXI has been the lower-risk option at 4.23%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, IWM has performed better with a 11.58% return vs 9.49%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IWM is cheaper with a 0.19% expense ratio, compared with 0.46% for JXI.
JXI has the higher dividend yield at 2.44%, compared with 0.90% for IWM.
JXI is categorized as Utilities Equities, while IWM is Small Cap Blend Equities. JXI tracks S&P Global Utilities Index, while IWM tracks Russell 2000 Index. Their fees differ too: 0.46% for JXI and 0.19% for IWM.
IWM currently has the higher Sharpe Ratio (2.08 vs 1.37), 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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