JXI vs. TIP
Compare and contrast key facts about iShares Global Utilities ETF (JXI) and iShares TIPS Bond ETF (TIP).
JXI and TIP 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. TIP is a passively managed fund by iShares that tracks the performance of the Barclays Capital U.S. Treasury Inflation Protected Securities (TIPS) Index (Series-L). It was launched on Dec 4, 2003. Both JXI and TIP 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 TIP.
Key characteristics
| JXI | TIP | |
|---|---|---|
| YTD Return | 3.44% | -1.25% |
| 1Y Return | 1.17% | -1.46% |
| 3Y Return (Ann) | 1.92% | -1.67% |
| 5Y Return (Ann) | 5.68% | 2.06% |
| 10Y Return (Ann) | 5.72% | 1.75% |
| Sharpe Ratio | 0.07 | -0.17 |
| Daily Std Dev | 14.93% | 5.91% |
| Max Drawdown | -50.23% | -14.56% |
| Current Drawdown | -4.37% | -10.52% |
Correlation
The correlation between JXI and TIP is 0.02, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
JXI vs. TIP - Performance Comparison
In the year-to-date period, JXI achieves a 3.44% return, which is significantly higher than TIP's -1.25% return. Over the past 10 years, JXI has outperformed TIP with an annualized return of 5.72%, while TIP has yielded a comparatively lower 1.75% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
JXI vs. TIP - Expense Ratio Comparison
JXI has a 0.46% expense ratio, which is higher than TIP's 0.19% expense ratio.
Risk-Adjusted Performance
JXI vs. TIP - Risk-Adjusted Performance 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.
Dividends
JXI vs. TIP - Dividend Comparison
JXI's dividend yield for the trailing twelve months is around 3.46%, more than TIP's 2.84% 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% |
TIP iShares TIPS Bond ETF | 2.84% | 2.73% | 6.96% | 4.28% | 1.17% | 1.75% | 2.71% | 2.07% | 1.48% | 0.34% | 1.67% | 1.15% |
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 -14.56%. Use the drawdown chart below to compare losses from any high point for JXI and TIP. For additional features, visit the drawdowns tool.
Volatility
JXI vs. TIP - Volatility Comparison
iShares Global Utilities ETF (JXI) has a higher volatility of 4.09% compared to iShares TIPS Bond ETF (TIP) at 1.62%. 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.