FUTY vs JXI

FUTYAFidelity MSCI Utilities Index ETF

JXIBiShares Global Utilities ETF

In short

FUTY The whole US power grid in one ticker. Fidelity tracks an all-cap MSCI utilities index, so mid- and small-cap operators ride along with the mega-cap names, at 0.08% a year.

JXI Almost every utilities ETF stops at the US border. JXI doesn't: it holds the utilities slice of the S&P Global 1200, so overseas power, gas and water operators sit alongside the American names. Running since 2006.

Stated mandate

FUTY The fund seeks to track, before fees and expenses, the performance of the MSCI USA IMI Utilities Index.

JXI The Fund seeks to track an index representing global equities in the utilities sector.

Why people hold it

• FUTY Costs 0.08% a year against a 0.37% median for broad utilities funds. That ties XLU on price and edges out VPU.
• The MSCI USA IMI Utilities Index reaches past the S&P 500 giants into mid- and small-cap utilities, roughly 70 names of power, gas and water.fidelity.com
• Plain index replication, running since 2013, with tracking that has stayed tight to the benchmark. No swaps, no options overlay, no clever wrapper.fidelity.com
• A multi-billion-dollar fund from a major issuer that pays out quarterly, and one of the stronger builds in the utilities group.

• JXI The passport is the point: its index is the utilities cut of the S&P Global 1200, large-cap power, gas and water worldwide. Cohort rivals XLU, VPU and FUTY stay inside the US.sec.gov
• Capped by design. Issuers above 5% of the index are held to 25% in aggregate, so two or three giants can't swallow a roughly 60-stock portfolio.sec.gov
• No mystery in the mandate: a plain global utilities benchmark since 2006, with the index and its capping rules spelled out in iShares' filings.sec.gov

Worth knowing

• FUTY This is one sector, about 70 stocks. When utilities are out of favor, there is nowhere in the portfolio to hide.
• Moderately traded rather than the category's busiest tape, so limit orders are the sane habit on larger tickets.
• The all-cap reach cuts both ways: smaller utilities in the mix behave differently from the household-name giants that dominate S&P 500-only rivals.

• JXI You pay for the border crossing. The 0.37% fee sits at the category median, but US-only peers XLU and FUTY charge 0.08% and VPU 0.09%.
• Thinly traded next to the big US utility funds, so the bid-ask spread and your order type do more of the work.
• Cash comes in lumps: distributions are paid on an annual or semiannual schedule rather than quarterly.

Full FUTY profile⁠

Full JXI profile⁠