ZAP vs. JXI
ZAP (Global X U.S. Electrification ETF) and JXI (iShares Global Utilities ETF) are both Utilities Equities funds - ZAP tracks the Global X U.S. Electrification Index while JXI tracks the S&P Global Utilities Index. Both are passively managed. Over the past year, ZAP returned 32.09% vs 17.57% for JXI. A 0.79 correlation means they provide meaningful diversification when combined. ZAP charges 0.50%/yr vs 0.46%/yr for JXI.
Performance
ZAP vs. JXI - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, ZAP achieves a 18.94% return, which is significantly higher than JXI's 8.13% return.
ZAP
- 1D
- -0.95%
- 1M
- 0.58%
- YTD
- 18.94%
- 6M
- 18.24%
- 1Y
- 32.09%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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%
ZAP vs. JXI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
ZAP Global X U.S. Electrification ETF | 18.94% | 21.84% | 1.26% |
JXI iShares Global Utilities ETF | 8.13% | 25.91% | -0.63% |
Correlation
The correlation between ZAP and JXI is 0.79, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.79 |
Correlation (All Time) Calculated using the full available price history since Dec 18, 2024 | 0.79 |
The correlation between ZAP and JXI has been stable across timeframes, ranging from 0.79 to 0.79 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
ZAP vs. JXI — Risk / Return Rank
ZAP
JXI
ZAP vs. JXI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X U.S. Electrification ETF (ZAP) 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.
| ZAP | JXI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.72 | ||
| Sortino ratioReturn per unit of downside risk | +0.98 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.24 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 4.46 | 2.18 | +2.28 |
| Martin ratioReturn relative to average drawdown | 10.92 | 6.28 | +4.64 |
Loading charts...
Drawdowns
ZAP vs. JXI - Drawdown Comparison
The maximum ZAP drawdown since its inception was -12.38%, smaller than the maximum JXI drawdown of -50.23%. Use the drawdown chart below to compare losses from any high point for ZAP and JXI.
Loading charts...
Drawdown Indicators
| ZAP | JXI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.38% | -50.23% | +37.85% |
Max Drawdown (1Y)Largest decline over 1 year | -7.23% | -8.09% | +0.86% |
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 | -0.95% | -4.87% | +3.92% |
Average DrawdownAverage peak-to-trough decline | -2.59% | -12.80% | +10.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.95% | 2.80% | +0.15% |
Volatility
ZAP vs. JXI - Volatility Comparison
Global X U.S. Electrification ETF (ZAP) has a higher volatility of 6.00% compared to iShares Global Utilities ETF (JXI) at 4.23%. This indicates that ZAP's price experiences larger fluctuations and is considered to be riskier than JXI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| ZAP | JXI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.00% | 4.23% | +1.77% |
Volatility (6M)Calculated over the trailing 6-month period | 12.08% | 10.59% | +1.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.48% | 12.99% | +2.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.92% | 15.38% | +1.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.92% | 16.98% | -0.06% |
ZAP vs. JXI - Expense Ratio Comparison
ZAP has a 0.50% expense ratio, which is higher than JXI's 0.46% expense ratio.
Dividends
ZAP vs. JXI - Dividend Comparison
ZAP's dividend yield for the trailing twelve months is around 1.50%, less than JXI's 2.44% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
ZAP Global X U.S. Electrification ETF | 1.50% | 1.81% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ZAP and JXI have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ZAP has higher volatility (6.00%) compared to JXI (4.23%). In terms of maximum drawdown, ZAP dropped -12.38% vs JXI's -50.23%.
On 1-year performance, ZAP leads with 32.09% vs 17.57% for JXI. On fees, JXI is cheaper at 0.46% 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 1-year period, ZAP has performed better with a 32.09% return vs 17.57%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
JXI is cheaper with a 0.46% expense ratio, compared with 0.50% for ZAP.
JXI has the higher dividend yield at 2.44%, compared with 1.50% for ZAP.
ZAP tracks Global X U.S. Electrification Index, while JXI tracks S&P Global Utilities Index. They also come from different issuers: Global X and iShares. Their fees differ too: 0.50% for ZAP and 0.46% for JXI.
ZAP currently has the higher Sharpe Ratio (2.09 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.
Find the right allocation for ZAP and JXI
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer