NLSI vs. JXI
NLSI (Neos Long/Short Equity Income ETF) and JXI (iShares Global Utilities ETF) are both exchange-traded funds - NLSI is a Long-Short fund actively managed by Neos, while JXI is a Utilities Equities fund tracking the S&P Global Utilities Index. NLSI is actively managed, while JXI is passively managed. At a correlation of -0.22, they often move in opposite directions. NLSI charges 2.89%/yr vs 0.46%/yr for JXI.
Performance
NLSI vs. JXI - Performance Comparison
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Returns By Period
In the year-to-date period, NLSI achieves a -0.07% return, which is significantly lower than JXI's 8.75% return.
NLSI
- 1D
- -0.57%
- 1M
- -1.97%
- YTD
- -0.07%
- 6M
- -0.66%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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%
NLSI vs. JXI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
NLSI Neos Long/Short Equity Income ETF | -0.07% | 2.51% |
JXI iShares Global Utilities ETF | 8.75% | 1.62% |
Correlation
The correlation between NLSI and JXI is -0.22, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Dec 10, 2025 | -0.22 |
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Return for Risk
NLSI vs. JXI — Risk / Return Rank
NLSI
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
JXI
NLSI vs. JXI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Neos Long/Short Equity Income ETF (NLSI) 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.
| NLSI | JXI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.24 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.21 | — |
| Martin ratioReturn relative to average drawdown | — | 6.33 | — |
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Drawdowns
NLSI vs. JXI - Drawdown Comparison
The maximum NLSI drawdown since its inception was -13.82%, smaller than the maximum JXI drawdown of -50.23%. Use the drawdown chart below to compare losses from any high point for NLSI and JXI.
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Drawdown Indicators
| NLSI | JXI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.82% | -50.23% | +36.41% |
Max Drawdown (1Y)Largest decline over 1 year | — | -8.09% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -16.29% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -22.45% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -34.20% | — |
Current DrawdownCurrent decline from peak | -7.86% | -4.33% | -3.53% |
Average DrawdownAverage peak-to-trough decline | -6.05% | -12.80% | +6.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.82% | — |
Volatility
NLSI vs. JXI - Volatility Comparison
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Volatility by Period
| NLSI | JXI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 4.26% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 10.59% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 19.85% | 12.92% | +6.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.85% | 15.38% | +4.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.85% | 16.98% | +2.87% |
NLSI vs. JXI - Expense Ratio Comparison
NLSI has a 2.89% expense ratio, which is higher than JXI's 0.46% expense ratio.
Dividends
NLSI vs. JXI - Dividend Comparison
NLSI's dividend yield for the trailing twelve months is around 2.59%, more than JXI's 2.43% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
NLSI Neos Long/Short Equity Income ETF | 2.59% | 0.46% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
NLSI and JXI have a correlation of -0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JXI is cheaper at 0.46% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JXI is cheaper with a 0.46% expense ratio, compared with 2.89% for NLSI.
NLSI has the higher dividend yield at 2.59%, compared with 2.43% for JXI.
NLSI is categorized as Long-Short, while JXI is Utilities Equities. They also come from different issuers: Neos and iShares. Their fees differ too: 2.89% for NLSI and 0.46% for JXI.
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