JXI vs. TIP
JXI (iShares Global Utilities ETF) and TIP (iShares TIPS Bond ETF) are both exchange-traded funds - JXI is a Utilities Equities fund tracking the S&P Global Utilities Index, while TIP is a Inflation-Protected Bonds fund tracking the ICE U.S. Treasury Inflation Linked Bond Index. Both are passively managed. Over the past 10 years, JXI returned 9.45%/yr vs 2.43%/yr for TIP. At a 0.05 correlation, their price movements are largely independent. JXI charges 0.46%/yr vs 0.18%/yr for TIP.
Performance
JXI vs. TIP - Performance Comparison
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Returns By Period
In the year-to-date period, JXI achieves a 7.74% return, which is significantly higher than TIP's 0.78% return. Over the past 10 years, JXI has outperformed TIP with an annualized return of 9.45%, while TIP has yielded a comparatively lower 2.43% annualized return.
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%
TIP
- 1D
- -0.41%
- 1M
- -0.16%
- YTD
- 0.78%
- 6M
- 0.90%
- 1Y
- 3.46%
- 3Y*
- 3.53%
- 5Y*
- 0.79%
- 10Y*
- 2.43%
JXI vs. TIP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
TIP iShares TIPS Bond ETF | 0.78% | 6.77% | 1.65% | 3.80% | -12.26% | 5.68% | 10.84% | 8.35% | -1.42% | 2.92% |
Correlation
The correlation between JXI and TIP is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.37 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.32 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since Sep 22, 2006 | 0.05 |
Over the past year, JXI and TIP have become more correlated (0.32) than their long-term average of 0.05, meaning their price movements have been converging.
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Return for Risk
JXI vs. TIP — Risk / Return Rank
JXI
TIP
JXI vs. TIP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global Utilities ETF (JXI) and iShares TIPS Bond ETF (TIP). 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 | TIP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.45 | ||
| Sortino ratioReturn per unit of downside risk | +0.45 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.18 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.35 | 1.76 | +0.59 |
| Martin ratioReturn relative to average drawdown | 6.80 | 5.20 | +1.61 |
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Drawdowns
JXI vs. TIP - Drawdown Comparison
The maximum JXI drawdown since its inception was -50.23%, which is greater than TIP's maximum drawdown of -14.57%. Use the drawdown chart below to compare losses from any high point for JXI and TIP.
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Drawdown Indicators
| JXI | TIP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.23% | -14.57% | -35.66% |
Max Drawdown (1Y)Largest decline over 1 year | -8.09% | -1.98% | -6.11% |
Max Drawdown (3Y)Largest decline over 3 years | -16.29% | -4.54% | -11.75% |
Max Drawdown (5Y)Largest decline over 5 years | -22.45% | -14.51% | -7.94% |
Max Drawdown (10Y)Largest decline over 10 years | -34.20% | -14.51% | -19.69% |
Current DrawdownCurrent decline from peak | -5.21% | -1.07% | -4.14% |
Average DrawdownAverage peak-to-trough decline | -12.80% | -3.43% | -9.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.79% | 0.67% | +2.12% |
Volatility
JXI vs. TIP - Volatility Comparison
iShares Global Utilities ETF (JXI) has a higher volatility of 4.33% compared to iShares TIPS Bond ETF (TIP) at 1.22%. This indicates that JXI's price experiences larger fluctuations and is considered to be riskier than TIP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JXI | TIP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.33% | 1.22% | +3.11% |
Volatility (6M)Calculated over the trailing 6-month period | 10.61% | 2.47% | +8.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.01% | 3.45% | +9.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.39% | 6.20% | +9.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.02% | 5.74% | +11.28% |
JXI vs. TIP - Expense Ratio Comparison
JXI has a 0.46% expense ratio, which is higher than TIP's 0.18% expense ratio.
Dividends
JXI vs. TIP - Dividend Comparison
JXI's dividend yield for the trailing twelve months is around 2.45%, less than TIP's 3.79% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
TIP iShares TIPS Bond ETF | 3.79% | 3.46% | 2.52% | 2.73% | 6.96% | 4.28% | 1.17% | 1.75% | 2.71% | 2.07% | 1.48% | 0.34% |
Frequently Asked Questions
JXI and TIP have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JXI has higher volatility (4.33%) compared to TIP (1.22%). In terms of maximum drawdown, JXI dropped -50.23% vs TIP's -14.57%.
On 10-year performance, JXI leads with 9.45% vs 2.43% for TIP. On fees, TIP is cheaper at 0.18% per year. On volatility, TIP has been the lower-risk option at 1.22%. 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 2.43%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
TIP is cheaper with a 0.18% expense ratio, compared with 0.46% for JXI.
TIP has the higher dividend yield at 3.79%, compared with 2.45% for JXI.
JXI is categorized as Utilities Equities, while TIP is Inflation-Protected Bonds. JXI tracks S&P Global Utilities Index, while TIP tracks ICE U.S. Treasury Inflation Linked Bond Index. Their fees differ too: 0.46% for JXI and 0.18% for TIP.
JXI currently has the higher Sharpe Ratio (1.46 vs 1.01), 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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