JXI vs SPY
iShares Global Utilities ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, JXI or SPY?
Large Cap Value against Large Cap Blend.
SPY has a lower expense ratio. SPY led over 1Y, 3Y, 5Y and the full window. SPY is less concentrated, with 38.0% of the fund in its ten largest positions against 43.2%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | JXI | SPY |
|---|---|---|
| Expense Ratio | 0.37% | 0.09%Best |
| AUM | $300M | $804.7B |
| Dividend Yield | 2.53% | 0.98% |
| Holdings | 81 | 505 |
| YTD Return | +3.34% | +11.52%Best |
| 1Y Return | +10.69% | +17.48%Best |
| 3Y Return (annualized) | +15.53% | +20.62%Best |
| 5Y Return (annualized) | +8.41% | +12.73%Best |
| Volatility (annualized) | 14.5%Best | 15.3% |
| Max Drawdown | -52.9%Best | -56.5% |
| $10,000 over 5 years | $14,974 | $18,205Best |
| Top 10 Weight | 43.2% | 38.0%Best |
| Fund Family | iShares by BlackRock (US) | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Blend |
| Inception | Sep 12, 2006 | Jan 22, 1993 |
Volatility and max drawdown are measured over the window both funds cover: Sep 21, 2006 to Sep 10, 2026 (20 years).
JXI vs SPY growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 20 years both funds cover.
JXI vs SPY Performance
iShares Global Utilities ETF (JXI) is an ETF from iShares by BlackRock (US) and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year JXI returned +10.69% while SPY returned +17.48%. Year to date, JXI is up 3.34% versus a gain of 11.52% for SPY.
Over three years, JXI compounded at +15.53% per year against +20.62% for SPY; over five years the annualized figures are +8.41% and +12.73% respectively. Across the full 20-year window we track, SPY has the edge at +9.56% annualized vs +3.25%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 14.5% for JXI. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -52.9% for JXI and -56.5% for SPY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.64. They move together some of the time, and apart the rest.
Fees and Cost Over Time
JXI charges 0.37% per year while SPY charges 0.09%. On a $10,000 position that is $37 vs $9 annually, a gap of $28 per year that compounds over a long holding period. On income, JXI currently yields 2.53% against 0.98% for SPY.
Holdings Overlap
60.3% of JXI's money is in holdings SPY also owns. 2.1% of SPY's money is in holdings JXI also owns.
The two portfolios partly overlap.
31 positions in common, counted across the 66 positions we hold weights for in JXI and 504 in SPY, against full books of 81 and 505.
What only one of them owns
Our book lists 463 positions for SPY that do not appear in our book for JXI (97.4% of the fund), and 2 for JXI that do not appear in SPY (0.6%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in JXI | Weight in SPY | Difference |
|---|---|---|---|
| NEENextera Energy Inc. | 7.89% | 0.27% | 7.62% |
| SOSouthern Co. | 4.56% | 0.16% | 4.40% |
| DUKDuke Energy Corp. | 4.30% | 0.15% | 4.15% |
| CEGConstellation Energy Corp | 4.04% | 0.13% | 3.91% |
| AEPAmerican Electric Power Co. Inc. | 3.06% | 0.10% | 2.96% |
| DDominion Energy Inc. | 2.67% | 0.09% | 2.58% |
| SRESempra Common Stock | 2.46% | 0.09% | 2.37% |
| ETREntergy Corp. | 2.24% | 0.07% | 2.17% |
| XELXcel Energy Inc. | 2.17% | 0.07% | 2.10% |
| EXCExelon Corp. | 2.06% | 0.07% | 1.99% |
60.3% of JXI is already inside SPY.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, JXI or SPY?
JXI has an expense ratio of 0.37% while SPY charges 0.09%. SPY is the cheaper option, by $28 a year on a $10,000 investment.
Which performed better, JXI or SPY?
Over the past year JXI returned +10.69% vs +17.48% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (20 years), JXI annualized +3.25% vs +9.56% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, JXI or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 14.5% for JXI. Worst drawdown: JXI -52.9% vs SPY -56.5%.
Should I hold both JXI and SPY?
JXI and SPY have a monthly-return correlation of 0.64, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between JXI and SPY?
60.3% of JXI's money is in holdings SPY also owns. 2.1% of SPY's is in holdings JXI also owns. They hold 31 positions in common, counted across the 66 positions we hold weights for in JXI and 504 in SPY.
Which pays a higher dividend, JXI or SPY?
JXI yields 2.53% while SPY yields 0.98%, so JXI currently pays the higher dividend yield.
Is SPY better than JXI?
SPY has a lower expense ratio. SPY led over 1Y, 3Y, 5Y and the full window. SPY is less concentrated, with 38.0% of the fund in its ten largest positions against 43.2%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.