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Water utilities are undervalued based on historical averages, while electric utilities are overvalued. iShares Global Utilities ETF provides global utilities exposure but remains U.S.-centric, with 62% of assets in U.S. companies. JXI is marginally cheaper than XLU on valuation ratios but lags in historical returns despite recent outperformance.
Electricity is becoming a stronger economic growth engine, powering AI data centres, EVs, heat pumps and industrial decarbonisation. But grids aren't keeping up.
iShares Global Utilities ETF (NYSEARCA:JXI - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $82.43 and traded as high as $87.50. iShares Global Utilities ETF shares last traded at $86.91, with a volume of 11,030 shares. iShares Global Utilities
iShares Global Utilities ETF (NYSEARCA:JXI - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Friday. The stock has a two hundred day moving average of $80.70 and traded as high as $86.31. iShares Global Utilities ETF shares last traded at $83.18, with a volume of 38,821
JXI: Three Reasons I Like This Utilities Fund For The Current Environment
iShares Global Utilities ETF (NYSEARCA:JXI - Get Free Report) shares crossed above its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $78.51 and traded as high as $82.96. iShares Global Utilities ETF shares last traded at $82.91, with a volume of 31,771 shares. iShares Global Utilities ETF
This article provides a top-down analysis of the utilities sector, focusing on value and quality metrics. Water utilities are undervalued based on historical averages, while electricity/multi-utilities are moderately overvalued. The iShares Global Utilities ETF provides global diversification and value characteristics in the utilities sector with recent outperformance.
I rate iShares Global Utilities ETF a buy, as utilities offer both defensive stability and growth from decarbonization and rising global energy demand. JXI stands out for its global diversification and lower company-specific risk compared to U.S.-focused peers like XLU and FUTY. Despite a higher expense ratio, JXI trades at lower valuation multiples and has outperformed peers over the last three years.