At a glance
JXI charges 0.37% a year, above the 0.35% average of the 8 funds most like it (the 4th cheapest of 9). It has $322.8M in assets, the 8th largest of that group; it paid 2.5% of its price in distributions over the past 12 months, semiannual. Over the past year it returned +3.4% with distributions reinvested (S&P 500: +11.5%), 3rd of those 9 funds; over three years it returned +18.7% a year. At its worst it fell 34.0% in the 2020 crash (S&P 500: 33.7%) and 22.4% in the 2022 bear market (S&P 500: 24.5%), and was back at its earlier high 13 months and 19 months after the lows. Its ten largest positions make up 43.1% of the fund, out of 75 in all.
The short version
iShares Global Utilities ETF (JXI) is a BlackRock index fund that tracks the S&P Global 1200 Utilities (Sector) Capped Index, a basket of large utility companies from the US and other major markets. As of June 30, 2026, about 62% of the fund was in US stocks, and Spain's Iberdrola, Italy's Enel and Britain's National Grid were among its top holdings. Its 0.37% expense ratio is higher than VPU's 0.09% or XLU's 0.08%.
Price history
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JXI +3.4% over the year to Oct 27, 2026, total return with distributions reinvested.
How it has behaved
| YTD | 1 yr | 3 yr | 5 yr | 10 yr | Since start | |
|---|---|---|---|---|---|---|
| JXI official prospectus, to Dec 31, 2025 | — | +25.86% | — | +8.79% | +9.44% | — |
| S&P Global Broad Market Index Net index, same period | — | +21.96% | — | +10.50% | +11.28% | — |
| JXI price data to Oct 27, 2026 | +5.5% | +3.4% | +18.7% | +9.0% | +9.3% | +6.0% |
- Over the year to Oct 27, 2026, JXI returned +3.4%, 3rd of 9 among similar funds.
- Its 5-year annualized return was +9.0% and its 10-year +9.3%.
- In the 2020 COVID crash it fell 34% and regained its old high 12.7 months after the low.
- Its worst full calendar year was 2008 (-29.1%); its best was 2025 (+25.9%).
- The deepest fall in its price history was 50.2% (Dec 6, 2007 to Mar 9, 2009), recovered by May 18, 2017.
Show as a table
| Year | Price data | Prospectus (official) |
|---|---|---|
| 2026 (to date) | +5.5% | — |
| 2025 | +25.9% | +25.86% |
| 2024 | +13.2% | +12.95% |
| 2023 | +0.7% | +0.84% |
| 2022 | -4.1% | -4.10% |
| 2021 | +10.9% | +10.82% |
| 2020 | +5.2% | +5.07% |
| 2019 | +23.9% | +24.02% |
| 2018 | +2.3% | +2.02% |
| 2017 | +14.8% | +14.74% |
| 2016 | +6.3% | +6.07% |
| 2015 | -7.1% | — |
| 2014 | +15.3% | — |
| 2013 | +12.1% | — |
| 2012 | +2.6% | — |
| 2011 | -2.8% | — |
| 2010 | -1.9% | — |
| 2009 | +6.3% | — |
| 2008 | -29.1% | — |
| 2007 | +22.5% | — |
| 2008 financial crisis stocks fell Oct 9, 2007 – Mar 9, 2009 | Lost 45.7% over that stretch · deepest drop along the way 50.2%, back to its old high 98.3 months after the low |
|---|---|
| 2020 COVID crash stocks fell Feb 19, 2020 – Mar 23, 2020 | Lost 34% over that stretch · deepest drop along the way 34%, back to its old high 12.7 months after the low |
| 2022 bear market stocks fell Jan 3, 2022 – Oct 12, 2022 | Lost 18.7% over that stretch · deepest drop along the way 22.4%, back to its old high 18.9 months after the low |
Dividends and income
Show as a table
| Year | Per share | Change |
|---|---|---|
| 2026 (to date) | $1.1300 | |
| 2025 | $2.0100 | +3.6% |
| 2024 | $1.9400 | -7.6% |
| 2023 | $2.1000 | +11.1% |
| 2022 | $1.8900 | +5.0% |
| 2021 | $1.8000 | +12.5% |
| 2020 | $1.6000 | -20.4% |
| 2019 | $2.0100 | +29.7% |
| 2018 | $1.5500 | -13.4% |
| 2017 | $1.7900 | -16.4% |
| 2016 | $2.1400 | +28.9% |
| 2015 | $1.6600 | -5.1% |
| 2014 | $1.7500 | -8.4% |
| 2013 | $1.9100 | +10.4% |
| 2012 | $1.7300 | -11.7% |
| 2011 | $1.9600 | +2.6% |
| 2010 | $1.9100 | +14.4% |
| 2009 | $1.6700 | -32.1% |
| 2008 | $2.4600 | +355.6% |
| 2007 | $0.5400 |
What's inside
As of Jun 30, 2026, the fund held 75 securities; the ten largest made up 43.11% of assets.
| Holding | Weight | |
|---|---|---|
| NEXTERA ENERGY, INC. | 7.97% | |
| Iberdrola, S.A. | 6.75% | |
| THE SOUTHERN COMPANY | 4.70% | |
| DUKE ENERGY CORPORATION | 4.30% | |
| ENEL - SPA | 3.86% | |
| NATIONAL GRID PLC | 3.58% | |
| CONSTELLATION ENERGY CORPORATION. | 3.46% | |
| AMERICAN ELECTRIC POWER COMPANY, INC. | 3.24% | |
| SEMPRA | 2.64% | |
| Dominion Energy, Inc. | 2.62% | |
| ENGIE SA | 2.55% | |
| ENTERGY CORPORATION | 2.29% | |
| VISTRA CORP. | 2.19% | |
| Xcel Energy Inc. | 2.18% | |
| EXELON CORPORATION | 2.08% |
By country
United States 61.68%Spain 8.46%United Kingdom 6.75%Italy 5.22%Germany 3.92%By asset type
Stocks 98.33%Other 1.21%By sector
Sectors of the companies held, for the 55.2% of the fund in companies that have a stock page here; other holdings and cash aren't classified. Source: N-PORT holdings report as of Jun 30, 2026. Cash, money-market funds and derivatives are shown separately from the securities list.What changed recently
- Over the three months to Jun 30, 2026, investors added a net $8.8M (creations minus redemptions, per the N-PORT report).
- Monthly total returns reported for that quarter: +2.96%, -5.31%, +2.48%.
How it works
JXI tracks the S&P Global 1200 Utilities (Sector) Capped Index. S&P Dow Jones Indices builds the index, not BlackRock. It starts with the S&P Global 1200, which measures large company stocks in major world markets, and keeps the companies S&P counts as utilities. As of March 31, 2026, those companies came from the US, Canada, Brazil, Chile, Colombia, much of Western Europe, Japan and Australia. The index provider decides which stocks are in and how much each one weighs.
A capping rule keeps the biggest names in check. Companies that are each more than 5% of the index can't add up to more than 25% together. At each quarterly rebalance, the index trims companies above 4.5% so that, together, they make up no more than 22.5%. If the 25% limit is broken between reviews, the index rebalances early. As of June 30, 2026, NextEra Energy (8.0%) and Iberdrola (6.7%) were the two holdings above 5%.
The fund's adviser, BFA, uses representative sampling. That means it buys a sample of index stocks chosen to match the index's overall traits, so the fund may not own every stock in the index. At least 80% of net assets must be in index stocks. The fund may hold futures, which were 0.01% of assets as of June 30, 2026. It may also hold cash and lend out securities worth up to one-third of its total assets. Turnover was a low 6%.
What it really costs
- JXI charges 0.37% a year, versus an average of 0.35% for the similar funds below (4th of 9, cheapest first).
- Using the prospectus's standard example, $10,000 invested would cost about $38 in the first year and $468 over 10 years (assuming a 5% annual return).
| Cost of $10,000 (SEC example) | 1 yr | 3 yrs | 5 yrs | 10 yrs |
|---|---|---|---|---|
| JXI | $38 | $119 | $208 | $468 |
In a retirement portfolio
It spreads money across utility companies in many countries and has moved only loosely with the broad market lately, but it is a single-sector fund that fell sharply in 2008.
JXI adds large utility companies from the US, Europe and other markets. It has moved only loosely with the broad market lately. Its one-year beta, a measure of how much a fund swings with the market, was 0.22 as of October 27, 2026. Its trailing yield was 2.5% on that date, paid twice a year. Under the SEC's standard example, costs come to $38 in the first year on a $10,000 investment.
Utilities have not always held up in a crash. JXI fell 50.2% in the 2008 financial crisis and took about 98 months, until May 2017, to get back to its old peak. Its worst calendar year was 2008, a 29.1% loss. It fell 34% in the 2020 COVID crash and 22.4% in 2022, taking about 13 and 19 months to recover. Selling shares during a drop like that locks in the loss. Past results don't predict the future, and a plan should look at the whole portfolio, not one fund.
Who it may suit — and who should look elsewhere
May suit
- Investors who want utilities beyond the US, such as Iberdrola, Enel and National Grid, alongside NextEra Energy, Southern Company and Duke Energy.
- Investors looking for stocks that have moved only loosely with the broad market. JXI's one-year beta was 0.22 as of October 27, 2026.
- Long-term holders comfortable with a low-turnover index fund (6% turnover) that yielded 2.5% as of October 27, 2026, paid twice a year.
Look elsewhere if
- Investors focused on cost. JXI charges 0.37%, while VPU charges 0.09% and XLU 0.08%. Each shares about 62% of its holdings with JXI.
- Investors who need monthly income. JXI pays dividends twice a year, which makes the cash flow uneven.
- Investors who can't sit through long recoveries. JXI fell 50.2% in 2008–09 and took about 98 months to get back to its peak.
Close alternatives
Matched by holdings overlap from the latest N-PORT reports.
| Fund | Overlap | Cost | Net assets | 1 yr | 3 yr |
|---|---|---|---|---|---|
| JXI this fund | — | 0.37% | $322.8M | +3.4% | +18.7% |
| FUTY Fidelity MSCI Utilities Index ETF | 62% | 0.084% | $2.32B | -4.0% | +17.0% |
| IDU iShares U.S. Utilities ETF | 62% | 0.39% | $1.46B | -2.5% | +17.2% |
| VPU Vanguard Utilities ETF | 62% | 0.09% | $10.08B | -4.1% | +17.0% |
| XLU Utilities Select Sector SPDR Fund | 62% | 0.08% | $23.11B | -0.4% | -7.8% |
| RSPU Invesco S&P 500 Equal Weight Utilities ETF | 54% | 0.4% | $538.5M | -1.5% | +18.0% |
| PUI Invesco Dorsey Wright Utilities Momentum ETF | 44% | 0.6% | $54.6M | -5.9% | +16.7% |
| ZAP Global X U.S. Electrification ETF | 42% | 0.5% | $461.7M | +3.6% | — |
Questions investors ask
Is JXI good for retirement income?
JXI pays modest income, not high income. Its trailing 12-month yield was 2.5% as of October 27, 2026, about $2.05 per share, paid twice a year. The dividends come from the utility companies it holds, and those companies aren't required to keep paying them. Payouts from foreign companies also shift as exchange rates move. JXI may suit investors who want some income along with utilities exposure. The twice-a-year schedule may be awkward for anyone who needs steady monthly cash.
What's the difference between JXI and VPU?
The main differences are cost, size and holdings. Vanguard Utilities ETF (VPU) charges 0.09% a year, while JXI charges 0.37%. VPU had about $10.1 billion in net assets, compared with JXI's $323 million. JXI tracks the S&P Global 1200 Utilities (Sector) Capped Index. As of June 30, 2026, about 62% of it was in US stocks, with much of the rest in Spain, the UK, Italy, Germany and France. The two funds share about 62% of their holdings. As of October 27, 2026, JXI's one-year return was 3.4%, compared with -4.1% for VPU.
What are JXI's top holdings?
As of June 30, 2026, NextEra Energy was JXI's largest holding at 8.0%. Next came Iberdrola (6.7%), Southern Company (4.7%), Duke Energy (4.3%), Enel (3.9%) and National Grid (3.6%). The top 10 made up 43.1% of the fund, which held 75 companies in all. By country, US stocks were about 62% of the fund, Spain about 8%, the UK about 7% and Italy about 5%. An index rule limits how much the very largest companies can weigh.
Do utility stocks hold up in a stock market crash?
Not always. JXI fell 50.2% from its peak on December 6, 2007, to March 9, 2009. It didn't get back to that peak until May 18, 2017, about 98 months later. It also fell 34% in the 2020 COVID crash and 22.4% in 2022. Its worst quarter was a 13.66% loss in the first three months of 2020. Utilities face added risks from government rate rules, natural disasters, energy price swings and currency moves.
How has JXI performed over 10 years?
According to its prospectus, JXI returned an average of 9.44% a year over the 10 years to December 31, 2025, and 8.79% a year over five years. Over both periods it trailed the S&P Global Broad Market Index Net, a broad global stock index, which returned 11.28% and 10.5% a year. In 2025, JXI returned 25.86%, ahead of that index's 21.96%. Its calendar-year results from 2016 through 2025 ranged from a 4.1% loss in 2022 to a 25.86% gain in 2025.