JXI vs PUI

JXIBiShares Global Utilities ETF

PUIDInvesco Dorsey Wright Utilities Momentum ETF

In short

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.

PUI Utilities, ranked by price trend. Since 2005 PUI has run on Dorsey Wright's relative-strength screen: a concentrated set of utilities picked for momentum, reshuffled quarterly, while the category's giants own the sector by size.

Stated mandate

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

PUI The mandate follows a modified market-capitalization-weighted index of utility-sector stocks selected for strong relative-strength characteristics, with the methodology emphasizing momentum.

Why people hold it

• 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

• PUI The technical take on the sector: the index picks utility stocks on relative strength, not size, and the fund and index are rebalanced and reconstituted quarterly.invesco.com
• One of the longest-running factor plays in utilities, listed in 2005 and still built on the same Dorsey Wright Utilities Technical Leaders Index.
• Tight rules: normally at least 90% of assets in index constituents, from an index holding no fewer than 30 utility names. Distributions come quarterly.invesco.com

Worth knowing

• 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.

• PUI 0.60% net of a waiver through August 31, 2028 (0.82% before it), above the category median and above cap-weighted utilities like XLU at 0.08% or FUTY at 0.084%.
• Among the smaller and less-traded funds in its category, which can mean wider bid-ask spreads and more attention to how orders get entered.
• Concentration is the mechanism: a few dozen momentum leaders can look very different from the full sector, and the quarterly reshuffle keeps turnover coming.invesco.com

Full JXI profile⁠

Full PUI profile⁠