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Relative Intelligence · Building Products

How Johnson Controls International (JCI) compares with the whole market and its popular alternatives

Built by QuantCommons' quantitative engine, this page is about relative opportunity, not data on JCI alone. It places JCI (Johnson Controls International plc) against 20+ popular alternatives, its neighboring categories and the entire market of over 10,000 U.S.-listed stocks and ETFs, and surfaces what has done better on consistent outperformance, return for the risk taken, behavior in real market crashes and diversification. The result is a clearer view of where JCI stands in the market, and of the alternatives worth a closer look.

Period covered: JCI's full trading record, from October 1986 through September 2026. All returns include reinvested dividends. Data as of October 20, 2026.

Data as of October 20, 2026. Full tables and charts read best on a larger screen.

Rank the market against JCI →Chart JCI vs. 21 alternatives →
On this page12 sections

Key findings

How much would $10,000 in JCI have grown?

This chart tracks a hypothetical $10,000 investment in JCI over the past 29 years, with dividends reinvested, alongside the same amount in the S&P 500, investments that ended ahead of JCI over the same span and JCI's popular alternatives, among those that traded for the entire period. A second view covers the past 5 years, the period the better options further down the page are judged on. It shows not only where each investment ended up but also how smooth or uneven the path was.

Choose a period

From the end of September 1997 to the end of September 2026. The scale is logarithmic, so equal steps up the chart are equal percentage gains. Hover over a fund in the key to pick out its line. 43 of the 1,042 stocks and funds worth at least $500 million that traded the whole period ended ahead of JCI; the chart shows 5, closest alternatives first. The other 3 lines are popular alternatives, shown for context.

$1,000$10,000$100,000$1M199720022007201220172022$1,000$10,000$100,000$1M19972004201120182025
  • AAON$2M+19,509% total · +20.0% a year
  • EME$2M+16,257% total · +19.2% a year
  • GILD$2M+15,614% total · +19.1% a year
  • FIX$1M+10,682% total · +17.5% a year
  • TJX$958,745+9,487% total · +17.0% a year
  • JCI$864,263+8,543% total · +16.6% a year
  • ETN$538,468+5,285% total · +14.7% a year
  • TT$405,736+3,957% total · +13.6% a year
  • SPY (S&P 500)$132,907+1,229% total · +9.3% a year
  • GFF$100,155+902% total · +8.3% a year
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From the end of September 2021 to the end of September 2026. The scale is logarithmic, so equal steps up the chart are equal percentage gains. Hover over a fund in the key to pick out its line. 546 of the 3,628 stocks and funds worth at least $500 million that traded the whole period ended ahead of JCI; the chart shows 5, closest alternatives first. The other 3 lines are popular alternatives, shown for context.

$10,000$20,000$50,000$100,000$200,000202120222023202420252026$10,000$20,000$50,000$100,000$200,000202120222023202420252026
  • FIX$236,701+2,267% total · +88.3% a year
  • EME$66,450+565% total · +46.0% a year
  • PWR$56,870+469% total · +41.6% a year
  • CAT$46,130+361% total · +35.8% a year
  • WAB$34,242+242% total · +27.9% a year
  • FSS$29,653+197% total · +24.3% a year
  • TT$27,878+179% total · +22.8% a year
  • HUBB$27,103+171% total · +22.1% a year
  • JCI$24,116+141% total · +19.3% a year
  • SPY (S&P 500)$19,000+90.0% total · +13.7% a year
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JCI at a glance

This section summarizes the key facts about the stock, its returns over periods from one to ten years and the risk it has carried, with dividends reinvested throughout. These figures serve as the baseline for every comparison that follows.

The company

Market value
$90B
Industry
Construction Materials
Price history from
October 1986

Returns

Past 1 year
+35.4%total return
Past 3 years
+220%+47.3% a year
Past 5 years
+123%+17.4% a year
Past 10 years
+426%+18.1% a year
Best calendar year
+89.2%1997
Worst calendar year
−66.9%2002
Losing years
8 of 29full calendar years

Risk

Volatility
29.1%typical yearly swing, 5 years
Sharpe ratio
0.70return per unit of risk, 5 years
Worst decline ever
−85.6%Jan 2001 to Jul 2002
From its all-time high
−6.8%below the peak

JCI against the whole market

Where JCI ranks among every stock and fund, and what across the market has done better.

How does JCI rank among all stocks?

This section ranks JCI on return, volatility, risk-adjusted return and worst decline against every stock worth at least $300 million with enough history. Where the comparisons with its popular alternatives show how JCI stacks up against its peers, these rankings show where it stands in the market as a whole.

Ranked against U.S.-listed stocks worth at least $300M that have enough history for each measure, so the count changes from row to row; smaller stocks are left out. Lower volatility and smaller declines rank higher.

MeasureJCIRankStanding
1-year return+35.4%841 of 3,287top 26%
3-year return+220%350 of 3,017top 12%
5-year return+123%556 of 2,893top 19%
10-year return+426%385 of 2,202top 17%
Volatility, 5 years29.1%642 of 2,893top 22%
Sharpe ratio, 5 years0.70462 of 2,893top 16%
Worst decline, past 10 years−46.4%332 of 2,187top 15%

What has beaten JCI on both return and risk?

Each dot is an investment, placed by how much it earned a year over the past 5 years (higher is better) and how much its price swung, its volatility (further left is calmer). JCI sits where the dashed lines cross. Anything in the green box above and to the left earned more than JCI with smaller swings, a better trade-off over this period on both counts. Past results are no promise, but a name in the box is worth a closer look.

Annual return is the annualized total return with dividends reinvested, and volatility the annualized swing in daily prices, both over 5 years. Labeled dots are the strongest picks from the table below and the names called out above, colored by how close they sit to JCI; faint dots are 54 more of the 70 in the green region (the strongest, one per fund family). 3,633 stocks and funds worth at least $500 million were screened. Hover over a dot for its figures.

15.0%17.5%20.0%22.5%25.0%27.5%30.0%32.5%35.0%37.5%10.0%15.0%20.0%25.0%30.0%35.0%40.0%45.0%Volatility over 5 years (annualized)Annual return over 5 yearsMore return, less volatility than JCIWMT: +20.8% a year, volatility 22.6%GWW: +26.3% a year, volatility 24.9%HLT: +21.0% a year, volatility 26.8%AMGN: +19.6% a year, volatility 24.9%GILD: +22.8% a year, volatility 24.9%PGR: +21.3% a year, volatility 25.6%XLK: +19.4% a year, volatility 26.0%COR: +24.2% a year, volatility 22.8%SPMO: +18.7% a year, volatility 20.8%DTM: +24.5% a year, volatility 25.2%NEU: +21.0% a year, volatility 26.8%CBOE: +21.5% a year, volatility 25.1%ACT: +20.5% a year, volatility 24.3%FLTW: +21.8% a year, volatility 24.3%EPU: +29.5% a year, volatility 24.9%MPLX: +23.5% a year, volatility 18.8%XOM: +27.1% a year, volatility 26.5%DBJP: +20.9% a year, volatility 19.2%HSBC: +33.1% a year, volatility 25.9%CVX: +19.5% a year, volatility 25.2%PM: +21.0% a year, volatility 23.4%SHEL: +21.0% a year, volatility 24.8%WELL: +26.0% a year, volatility 23.8%RTX: +18.6% a year, volatility 24.3%BFC: +19.0% a year, volatility 27.3%BTI: +18.7% a year, volatility 22.0%BNY: +22.7% a year, volatility 24.4%WMB: +24.6% a year, volatility 24.0%CM: +19.2% a year, volatility 21.6%TRV: +22.4% a year, volatility 22.3%E: +23.0% a year, volatility 25.6%MFC: +22.6% a year, volatility 24.0%KMI: +18.7% a year, volatility 22.5%AFL: +19.0% a year, volatility 20.8%ETR: +19.2% a year, volatility 22.4%CCEP: +19.7% a year, volatility 23.2%XLE: +22.6% a year, volatility 25.5%ACGL: +20.1% a year, volatility 24.5%SDCI: +20.6% a year, volatility 18.4%KOF: +22.3% a year, volatility 24.7%WRB: +18.9% a year, volatility 22.9%IHG: +21.4% a year, volatility 26.6%PAA: +27.0% a year, volatility 25.6%RGA: +19.7% a year, volatility 27.3%ENSG: +19.8% a year, volatility 26.8%AM: +20.0% a year, volatility 25.9%PAGP: +26.8% a year, volatility 26.1%MLPX: +18.6% a year, volatility 19.7%EUFN: +18.5% a year, volatility 21.8%BLX: +31.4% a year, volatility 25.9%EWP: +19.2% a year, volatility 20.3%CRAK: +19.8% a year, volatility 20.9%ATMP: +21.2% a year, volatility 21.5%RSPG: +21.6% a year, volatility 27.4%JCI: +17.4% a year, volatility 29.1%SPY (S&P 500): +12.7% a year, volatility 17.1%TT: +22.7% a year, volatility 27.7%HUBB: +21.0% a year, volatility 30.0%TJX: +19.9% a year, volatility 22.3%FSS: +23.3% a year, volatility 31.7%WAB: +25.6% a year, volatility 26.2%PAG: +18.3% a year, volatility 31.9%CAT: +31.1% a year, volatility 31.9%CSW: +17.1% a year, volatility 34.4%EWT: +20.4% a year, volatility 24.2%MCK: +38.7% a year, volatility 25.0%RS: +24.8% a year, volatility 28.1%LLY: +40.7% a year, volatility 32.8%MUSA: +26.1% a year, volatility 31.2%ABBV: +26.1% a year, volatility 23.4%DXJ: +26.6% a year, volatility 19.1%COST: +17.4% a year, volatility 22.9%CAH: +42.1% a year, volatility 24.7%JCISPY (S&P 500)TTHUBBTJXFSSWABPAGCATCSWEWTMCKRSLLYMUSAABBVDXJCOSTCAH15.0%20.0%25.0%30.0%35.0%40.0%10.0%20.0%30.0%40.0%50.0%Volatility over 5 years (annualized)Annual return over 5 yearsMore return, less volatility than JCIWMT: +20.8% a year, volatility 22.6%GWW: +26.3% a year, volatility 24.9%HLT: +21.0% a year, volatility 26.8%AMGN: +19.6% a year, volatility 24.9%GILD: +22.8% a year, volatility 24.9%PGR: +21.3% a year, volatility 25.6%XLK: +19.4% a year, volatility 26.0%COR: +24.2% a year, volatility 22.8%SPMO: +18.7% a year, volatility 20.8%DTM: +24.5% a year, volatility 25.2%NEU: +21.0% a year, volatility 26.8%CBOE: +21.5% a year, volatility 25.1%ACT: +20.5% a year, volatility 24.3%FLTW: +21.8% a year, volatility 24.3%EPU: +29.5% a year, volatility 24.9%MPLX: +23.5% a year, volatility 18.8%XOM: +27.1% a year, volatility 26.5%DBJP: +20.9% a year, volatility 19.2%HSBC: +33.1% a year, volatility 25.9%CVX: +19.5% a year, volatility 25.2%PM: +21.0% a year, volatility 23.4%SHEL: +21.0% a year, volatility 24.8%WELL: +26.0% a year, volatility 23.8%RTX: +18.6% a year, volatility 24.3%BFC: +19.0% a year, volatility 27.3%BTI: +18.7% a year, volatility 22.0%BNY: +22.7% a year, volatility 24.4%WMB: +24.6% a year, volatility 24.0%CM: +19.2% a year, volatility 21.6%TRV: +22.4% a year, volatility 22.3%E: +23.0% a year, volatility 25.6%MFC: +22.6% a year, volatility 24.0%KMI: +18.7% a year, volatility 22.5%AFL: +19.0% a year, volatility 20.8%ETR: +19.2% a year, volatility 22.4%CCEP: +19.7% a year, volatility 23.2%XLE: +22.6% a year, volatility 25.5%ACGL: +20.1% a year, volatility 24.5%SDCI: +20.6% a year, volatility 18.4%KOF: +22.3% a year, volatility 24.7%WRB: +18.9% a year, volatility 22.9%IHG: +21.4% a year, volatility 26.6%PAA: +27.0% a year, volatility 25.6%RGA: +19.7% a year, volatility 27.3%ENSG: +19.8% a year, volatility 26.8%AM: +20.0% a year, volatility 25.9%PAGP: +26.8% a year, volatility 26.1%MLPX: +18.6% a year, volatility 19.7%EUFN: +18.5% a year, volatility 21.8%BLX: +31.4% a year, volatility 25.9%EWP: +19.2% a year, volatility 20.3%CRAK: +19.8% a year, volatility 20.9%ATMP: +21.2% a year, volatility 21.5%RSPG: +21.6% a year, volatility 27.4%JCI: +17.4% a year, volatility 29.1%SPY (S&P 500): +12.7% a year, volatility 17.1%TT: +22.7% a year, volatility 27.7%HUBB: +21.0% a year, volatility 30.0%TJX: +19.9% a year, volatility 22.3%FSS: +23.3% a year, volatility 31.7%WAB: +25.6% a year, volatility 26.2%PAG: +18.3% a year, volatility 31.9%CAT: +31.1% a year, volatility 31.9%CSW: +17.1% a year, volatility 34.4%EWT: +20.4% a year, volatility 24.2%MCK: +38.7% a year, volatility 25.0%RS: +24.8% a year, volatility 28.1%LLY: +40.7% a year, volatility 32.8%MUSA: +26.1% a year, volatility 31.2%ABBV: +26.1% a year, volatility 23.4%DXJ: +26.6% a year, volatility 19.1%COST: +17.4% a year, volatility 22.9%CAH: +42.1% a year, volatility 24.7%JCISPY (S&P 500)TTHUBBTJXFSSWABPAGCATCSWMCKRSLLYMUSAABBVDXJCOSTCAH
  • Popular alternatives
  • Same and neighboring categories, and shared themes
  • The whole market
  • Others in the green region

Is there a better investment than JCI?

Investments that beat JCI over the past 5 years on return, volatility, drawdowns, consistency, crash losses or fees, from its popular alternatives out to the whole market.

How this works

The table below lists investments that beat JCI over the past 5 years on at least one of these measures: a higher annual return with lower volatility, a higher annual return at similar volatility, a similar return with lower volatility, a higher Sharpe ratio with a smaller worst decline, a higher total return in most periods from 3 months to 10 years, or smaller losses in recent market crashes. It checks JCI's popular alternatives first, then the rest of its own and neighboring categories, then every stock and fund worth at least $500 million, and shows the strongest few in each group. The full list of those with a higher return and lower volatility than JCI follows the table.

Annual return is the annualized total return with dividends reinvested. Annual return, volatility and the Sharpe ratio cover 5 years; the worst decline covers the past 10 years. Green marks a better figure than JCI's. "On the frontier" means no other option shown or tested earned more with less volatility. Funds that hold the same thing are shown once. Beyond the popular alternatives, nothing with more than 1.5× JCI's volatility counts as better.

These figures cover the past 5 years. Green marks a better figure than JCI's.

Screen the whole market against JCI for any period in BetterThanSPYOpen these 17 in EasyCompare
InvestmentWhy it is betterPast 5 yearsDownsideLong runFit
Annual return?higher is betterVolatility?lower is calmerSharpe?return per unit of riskWorst decline?past 10 years10Y returntotalCorr. with JCI?lower diversifies moreExpenseper year
JCIJohnson Controls International plc · this page
+17.4%29.1%0.70−46.4%+426%1.00—
SPYState Street SPDR S&P 500 ETF · S&P 500
+12.7%17.1%0.79−33.7%+321%0.660.09%
Popular alternativesbest 2 shownThe investments people most often weigh against JCI. 2 of 21 passed at least one test.
TTTrane Technologies plc · Building Products
Higher return, similar volatilityHigher Sharpe, smaller worst decline+22.7%27.7%0.88−40.5%+955%0.71—
HUBBHubbell Incorporated · Electrical Equipment
Higher return, similar volatility+21.0%30.0%0.79−41.6%+442%0.52—
Same and neighboring categories, and shared themesbest 6 shownEverything else in Building Products and the categories next to it (Electrical Equipment, Industrial Machinery, Homebuilders, Specialty Retail), plus JCI's specific themes. 8 of 90 passed at least one test.
TJXThe TJX Companies, Inc. · Specialty Retail
Higher return, lower volatility+19.9%22.3%0.93−42.5%+361%0.51—
FSSFederal Signal Corporation · Industrial Machinery
Higher return, similar volatilityHigher Sharpe, smaller worst decline+23.3%31.7%0.82−33.0%+882%0.61—
WABWestinghouse Air Brake Technologies Corporation · Industrial Machinery
Higher return, lower volatility+25.6%26.2%1.00−64.1%+264%0.66—
PAGPenske Automotive Group, Inc. · Specialty Retail
Higher return in most periods+18.3%31.9%0.69−60.0%+528%0.47—
CATCaterpillar Inc. · Industrial Machinery
Higher return, similar volatility+31.1%31.9%1.01−43.4%+936%0.62—
CSWCSW Industrials, Inc. · Industrial Products · HVAC theme
Smaller losses in recent crashes+17.1%34.4%0.63−46.2%+867%0.43—
The whole marketbest 8 shownEvery other stock and fund worth at least $500 million. 202 of 3,522 passed at least one test.
EWTiShares MSCI Taiwan ETF · International Equity
Higher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periodsSmaller losses in recent crashes+20.4%24.2%0.89−38.9%+468%0.490.59%
MCKMcKesson Corporation · Health Care Distribution
Higher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periods+38.7%25.0%1.44−38.1%+586%0.30—
RSReliance Steel & Aluminum Co. · Metals & Mining
Higher return, similar volatilityHigher Sharpe, smaller worst declineHigher return in most periodsSmaller losses in recent crashes+24.8%28.1%0.93−40.8%+626%0.39—
LLYEli Lilly and Company · Pharmaceuticals
Higher Sharpe, smaller worst declineHigher return in most periodsSmaller losses in recent crashes+40.7%32.8%1.21−34.5%+1,807%-0.01—
MUSAMurphy USA Inc. · Convenience Stores
Higher return, similar volatilityHigher Sharpe, smaller worst declineHigher return in most periodsSmaller losses in recent crashes+26.1%31.2%0.90−35.5%+706%0.13—
ABBVAbbVie Inc. · Pharmaceuticals
Higher return, lower volatilityHigher return in most periods+26.1%23.4%1.11−45.1%+603%0.15—
DXJWisdomTree Japan Hedged Equity Fund · International Equity
On the frontierHigher return, lower volatilityHigher Sharpe, smaller worst decline+26.6%19.1%1.34−39.1%+428%0.400.48%
COSTCostco Wholesale Corporation · Discount Retail
Similar return, lower volatilityHigher Sharpe, smaller worst declineSmaller losses in recent crashes+17.4%22.9%0.82−31.4%+685%0.53—
What these numbers mean for JCI
Annual return
JCI returned 17.4% a year over the past 5 years with dividends reinvested, against 12.7% a year for the S&P 500. At that pace, $10,000 became about $22,300. Annual return is the steady yearly rate that would produce the same total result, so investments held over the same span compare fairly. Guide: What is performance and return? →
Volatility
JCI's volatility over the past 5 years was 29.1%, 1.7 times the S&P 500's 17.1%. Volatility measures how widely returns swing around their average: in roughly two years out of three, JCI's return lands within 29.1% of its average, either way. The higher it is, the rougher the ride and the harder it is to hold through a slump. Guide: Understanding and measuring risk (volatility) →
Sharpe ratio
JCI's Sharpe ratio over the past 5 years was 0.70, against 0.79 for the S&P 500, so JCI earned less for each unit of risk than an index fund did. The Sharpe ratio is the return earned above cash for each unit of volatility: two investments with the same return are not equal if one got there with far bigger swings. Guide: Balancing reward with risk (Sharpe ratio) →
Worst decline
JCI's worst fall from a peak to a low over the past 10 years was 46.4%, against 33.7% for the S&P 500. Losses and gains are not symmetric: climbing back from a 46.4% fall takes a 86.4% gain. Guide: Market crash risk and tail risk →
Correlation
Over the past 5 years, JCI's monthly returns had a correlation of 0.66 with the S&P 500. Correlation runs from 1 (moving in lockstep) through 0 (unrelated) to −1 (moving in opposite directions). They often move together: some diversification next to an index fund, but not a cushion. In the table, the correlation column measures each option against JCI instead: the lower it is, the more that option would diversify a JCI holding. Guide: Correlation and diversification →
Show all 70 stocks and funds worth at least $500 million that earned more than JCI with less volatility

Out of 3,633 tested over 5 years. The strongest 61 are listed, best first, with funds that hold the same thing listed once.

#InvestmentFound inAnnual returnVolatilitySharpeWorst decline10Y returnCorr. with JCIExpense
1
EWTiShares MSCI Taiwan ETF · International Equity
Whole market+20.4%24.2%0.89−38.9%+468%0.490.59%
2
MCKMcKesson Corporation · Health Care Distribution
Whole market+38.7%25.0%1.44−38.1%+586%0.30—
3
ABBVAbbVie Inc. · Pharmaceuticals
Whole market+26.1%23.4%1.11−45.1%+603%0.15—
4
WMTWalmart Inc. · Discount Retail
Whole market+20.8%22.6%0.96−25.7%+508%0.51—
5
DXJWisdomTree Japan Hedged Equity Fund · International Equity
Whole market+26.6%19.1%1.34−39.1%+428%0.400.48%
6
GWWW.W. Grainger, Inc. · Industrial Distribution
Whole market+26.3%24.9%1.07−41.6%+654%0.53—
7
HLTHilton Worldwide Holdings Inc. · Hotels & Resorts
Whole market+21.0%26.8%0.85−50.8%+694%0.59—
8
AMGNAmgen Inc. · Biotechnology
Whole market+19.6%24.9%0.85−24.9%+266%0.20—
9
GILDGilead Sciences, Inc. · Biotechnology
Whole market+22.8%24.9%0.95−30.5%+200%0.25—
10
PGRThe Progressive Corporation · Property & Casualty Insurance
Whole market+21.3%25.6%0.89−30.3%+816%0.19—
11
XLKState Street Technology Select Sector SPDR ETF · Technology Equity
Whole market+19.4%26.0%0.82−33.6%+767%0.450.08%
12
CORCencora, Inc. · Health Care Distribution
Whole market+24.2%22.8%1.07−32.4%+406%0.34—
13
SPMOInvesco S&P 500 Momentum ETF · US Momentum Equity
Whole market+18.7%20.8%0.93−30.9%+499%0.540.13%
14
DTMDT Midstream, Inc. · Oil & Gas Midstream
Whole market+24.5%25.2%1.00−23.6%—0.48—
15
NEUNewMarket Corporation · Specialty Chemicals
Whole market+21.0%26.8%0.85−40.7%+165%0.17—
16
CAHCardinal Health, Inc. · Health Care Distribution
Whole market+42.1%24.7%1.55−46.1%+349%0.36—
17
CBOECboe Global Markets, Inc. · Capital Markets
Whole market+21.5%25.1%0.91−43.2%+463%0.08—
18
ACTEnact Holdings Inc. · Insurance
Whole market+20.5%24.3%0.89−20.2%—0.39—
19
FLTWFranklin FTSE Taiwan ETF · Technology
Whole market+21.8%24.3%0.94−38.0%—0.480.19%
20
EPUiShares MSCI Peru and Global Exposure ETF · International
Whole market+29.5%24.9%1.17−51.0%+275%0.460.59%
21
MPLXMPLX Lp · Oil & Gas Midstream
Whole market+23.5%18.8%1.22−75.2%+350%0.36—
22
XOMExxonmobil Holdings Corporation · Integrated Oil & Gas
Whole market+27.1%26.5%1.04−61.0%+214%0.11—
23
DBJPXtrackers MSCI Japan Hedged Equity ETF · International
Whole market+20.9%19.2%1.09−31.3%+348%0.460.45%
24
HSBCHSBC Holdings plc · Banks
Whole market+33.1%25.9%1.24−62.3%+319%0.39—
25
CVXChevron Corporation · Integrated Oil & Gas
Whole market+19.5%25.2%0.84−55.8%+238%0.23—
26
PMPhilip Morris International Inc. · Tobacco
Whole market+21.0%23.4%0.94−42.9%+242%0.37—
27
SHELShell plc · Integrated Oil & Gas
Whole market+21.0%24.8%0.90−67.2%+233%0.10—
28
WELLWelltower Inc. · Healthcare REITs
Whole market+26.0%23.8%1.09−63.3%+379%0.48—
29
RTXRTX Corporation · Aerospace & Defense
Whole market+18.6%24.3%0.83−52.0%+317%0.21—
30
BFCBank First Corporation · Banks - Regional
Whole market+19.0%27.3%0.78−39.8%+496%0.42—
31
BTIBritish American Tobacco p.l.c. · Tobacco
Whole market+18.7%22.0%0.90−56.1%+98.2%0.20—
32
BNYBank of New York Mellon Corp · Banks
Whole market+22.7%24.4%0.97−50.5%+341%0.48—
33
WMBThe Williams Companies, Inc. · Oil & Gas Midstream
Whole market+24.6%24.0%1.04−68.1%+288%0.38—
34
CMCanadian Imperial Bank of Commerce · Banks
Whole market+19.2%21.6%0.93−47.3%+395%0.64—
35
TRVThe Travelers Companies, Inc. · Property & Casualty Insurance
Whole market+22.4%22.3%1.02−46.3%+347%0.44—
36
EEni S.p.A. · Integrated Oil & Gas
Whole market+23.0%25.6%0.94−61.4%+278%0.28—
37
MFCManulife Financial Corporation · Life Insurance
Whole market+22.6%24.0%0.97−57.5%+373%0.54—
38
KMIKinder Morgan, Inc. · Oil & Gas Midstream
Whole market+18.7%22.5%0.88−55.1%+163%0.43—
39
AFLAflac Incorporated · Life Insurance
Whole market+19.0%20.8%0.95−54.9%+335%0.39—
40
ETREntergy Corporation · Electric Utilities
Whole market+19.2%22.4%0.90−42.0%+311%0.45—
41
CCEPCoca-Cola Europacific Partners PLC · Food & Beverages
Whole market+19.7%23.2%0.90−48.8%+292%0.49—
42
XLEState Street Energy Select Sector SPDR ETF · Energy Equity
Whole market+22.6%25.5%0.93−66.8%+189%0.220.08%
43
ACGLArch Capital Group Ltd. · Property & Casualty Insurance
Whole market+20.1%24.5%0.87−53.8%+309%0.24—
44
SDCIUSCF SummerHaven Dynamic Commodity Strategy No K-1 Fund · Bonds
Whole market+20.6%18.4%1.12−45.7%—0.000.80%
45
KOFCoca-Cola FEMSA, S.A.B. de C.V. · Food & Beverages
Whole market+22.3%24.7%0.94−55.1%+119%0.38—
46
WRBW. R. Berkley Corporation · Property & Casualty Insurance
Whole market+18.9%22.9%0.87−45.3%+443%0.26—
47
IHGInterContinental Hotels Group PLC · Hotels & Resorts
Whole market+21.4%26.6%0.86−59.3%+383%0.50—
48
PAAPlains All American Pipeline, L.P. · Oil & Gas Midstream
Whole market+27.0%25.6%1.06−87.9%+64.0%0.20—
49
RGAReinsurance Group of America, Incorporated · Insurance
Whole market+19.7%27.3%0.80−65.8%+199%0.30—
50
TJXThe TJX Companies, Inc. · Specialty Retail
Same or nearby category+19.9%22.3%0.93−42.5%+361%0.51—
51
ENSGThe Ensign Group, Inc. · Health Care Facilities
Whole market+19.8%26.8%0.81−55.5%+896%0.47—
52
AMAntero Midstream Corporation · Oil & Gas Midstream
Whole market+20.0%25.9%0.84−92.9%—0.51—
53
WABWestinghouse Air Brake Technologies Corporation · Industrial Machinery
Same or nearby category+25.6%26.2%1.00−64.1%+264%0.66—
54
PAGPPlains GP Holdings LP · Oil & Gas Midstream
Whole market+26.8%26.1%1.05−88.0%+56.3%0.21—
55
MLPXGlobal X - MLP & Energy Infrastructure ETF · Energy
Whole market+18.6%19.7%0.97−64.6%+186%0.430.45%
56
EUFNiShares MSCI Europe Financials ETF · Financial Sector Equity
Whole market+18.5%21.8%0.89−53.2%+233%0.570.49%
57
BLXBladex, Inc. · Banks - Regional
Whole market+31.4%25.9%1.19−68.5%+290%0.56—
58
EWPiShares MSCI Spain ETF · Broad Market
Whole market+19.2%20.3%0.97−46.4%+196%0.540.50%
59
CRAKVanEck Oil Refiners ETF · Energy
Whole market+19.8%20.9%0.97−58.8%+336%0.300.61%
60
ATMPBarclays ETN+ Select MLP ETN · Broad Market
Whole market+21.2%21.5%1.01−70.3%+172%0.390.95%
61
RSPGInvesco S&P 500 Equal Weight Energy ETF · Energy
Whole market+21.6%27.4%0.85−73.2%+158%0.250.40%

JCI against its popular alternatives

The investments people most often weigh against JCI, compared period by period and year by year.

How do JCI's risk and return compare with its alternatives?

This map plots each investment's annual return over the past 5 years against its volatility, the size of its typical price swings. Investments toward the upper left earned more for a smoother ride, and those toward the lower right earned less for a rougher one. The dashed lines cross at JCI, which divides the map into what did better or worse on each measure.

Green points earned more than JCI with less volatility; red points earned less with more. Hover over a point for its figures. Total returns with dividends reinvested, annualized.

15.0%20.0%25.0%30.0%35.0%40.0%45.0%50.0%−20.0%0.0%20.0%40.0%60.0%80.0%Volatility over 5 years (annualized)Annual return over 5 yearsHigher return, lower volatilityLower return, higher volatilityJCI: 17.4% a year, volatility 29.1%SPY (S&P 500): 12.7% a year, volatility 17.1%TT: 22.7% a year, volatility 27.7%IBP: 12.4% a year, volatility 46.6%MAS: 6.2% a year, volatility 31.1%CSL: 10.5% a year, volatility 32.4%FBIN: −12.0% a year, volatility 38.1%CARR: 2.2% a year, volatility 32.3%AAON: 10.0% a year, volatility 47.5%LII: 4.4% a year, volatility 33.8%AYI: 8.9% a year, volatility 32.8%FIX: 77.0% a year, volatility 46.7%PWR: 39.3% a year, volatility 37.2%EME: 43.0% a year, volatility 35.3%GFF: 36.4% a year, volatility 41.7%ETN: 20.4% a year, volatility 32.1%HUBB: 21.0% a year, volatility 30.0%WTS: 15.3% a year, volatility 28.4%NVT: 35.4% a year, volatility 38.0%EMR: 12.7% a year, volatility 27.7%ALLE: 4.3% a year, volatility 26.7%HON: 1.5% a year, volatility 22.8%AOS: −0.4% a year, volatility 27.6%JCISPY (S&P 500)TTIBPMASCSLFBINCARRFIXPWREMEGFFETNHUBBWTSNVTEMRALLEHONAOS10.0%20.0%30.0%40.0%50.0%−20.0%0.0%20.0%40.0%60.0%80.0%Volatility over 5 years (annualized)Annual return over 5 yearsHigher return, lower volatilityLower return, higher volatilityJCI: 17.4% a year, volatility 29.1%SPY (S&P 500): 12.7% a year, volatility 17.1%TT: 22.7% a year, volatility 27.7%IBP: 12.4% a year, volatility 46.6%MAS: 6.2% a year, volatility 31.1%CSL: 10.5% a year, volatility 32.4%FBIN: −12.0% a year, volatility 38.1%CARR: 2.2% a year, volatility 32.3%AAON: 10.0% a year, volatility 47.5%LII: 4.4% a year, volatility 33.8%AYI: 8.9% a year, volatility 32.8%FIX: 77.0% a year, volatility 46.7%PWR: 39.3% a year, volatility 37.2%EME: 43.0% a year, volatility 35.3%GFF: 36.4% a year, volatility 41.7%ETN: 20.4% a year, volatility 32.1%HUBB: 21.0% a year, volatility 30.0%WTS: 15.3% a year, volatility 28.4%NVT: 35.4% a year, volatility 38.0%EMR: 12.7% a year, volatility 27.7%ALLE: 4.3% a year, volatility 26.7%HON: 1.5% a year, volatility 22.8%AOS: −0.4% a year, volatility 27.6%JCISPY (S&P 500)TTIBPMASCSLFBINCARRFIXPWREMEGFFETNNVTALLEHONAOS
All figures
InvestmentAnnual returnVolatility
FIX Comfort Systems USA, Inc.+77.0%46.7%
EME EMCOR Group, Inc.+43.0%35.3%
PWR Quanta Services, Inc.+39.3%37.2%
GFF Griffon Corporation+36.4%41.7%
NVT nVent Electric plc+35.4%38.0%
TT Trane Technologies plc+22.7%27.7%
HUBB Hubbell Incorporated+21.0%30.0%
ETN Eaton Corporation plc+20.4%32.1%
JCI This pageJohnson Controls International plc+17.4%29.1%
WTS Watts Water Technologies, Inc.+15.3%28.4%
EMR Emerson Electric Co.+12.7%27.7%
SPY S&P 500State Street SPDR S&P 500 ETF+12.7%17.1%
IBP Installed Building Products, Inc.+12.4%46.6%
CSL Carlisle Companies Incorporated+10.5%32.4%
AAON AAON, Inc.+10.0%47.5%
AYI Acuity Brands, Inc.+8.9%32.8%
MAS Masco Corporation+6.2%31.1%
LII Lennox International Inc.+4.4%33.8%
ALLE Allegion plc+4.3%26.7%
CARR Carrier Global Corporation+2.2%32.3%
HON Honeywell International Inc.+1.5%22.8%
AOS A. O. Smith Corporation−0.4%27.6%
FBIN Fortune Brands Innovations, Inc.−12.0%38.1%
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Has JCI consistently beaten its popular alternatives?

This section compares JCI with the investments people most often weigh against it, checking each one over eight periods from one month to ten years. Counting how often an alternative earned more than JCI helps separate lasting outperformance from a single strong stretch.

A green cell means the alternative earned more than JCI over that period. "Qualified" marks those that did so in at least 3 of 5 short-term periods and 2 of 3 long-term periods.

InvestmentPeriods outperformed Short termLong termRisk · 5 yearsFund
1M3M6MYTD1Y3Y5Y10YVolatilitylower is calmerSharpehigher is betterWorst declinepast 10 yearsExpenseAssetsOverlapsame sectors
JCI Johnson Controls International plc (this page)—+1.9%+6.4%+5.5%+22.0%+35.4%+220%+123%+426%29.1%0.70−46.4%—$90B—
FIX Engineering & ConstructionComfort Systems USA, Inc.2/5 short3/3 long−14.4%−18.4%−16.8%+39.4%+67.3%+819%+1,636%+5,305%46.7%1.46−49.7%—$49B—
PWR Engineering & ConstructionQuanta Services, Inc.1/5 short3/3 long−7.2%−5.8%−1.5%+35.6%+35.3%+263%+425%+2,045%37.2%1.08−45.5%—$90B—
EME Engineering & ConstructionEMCOR Group, Inc.0/5 short3/3 long−7.2%−5.5%−15.4%+10.2%+0.5%+267%+499%+1,202%35.3%1.20−48.0%—$31B—
TT Industrial - MachineryTrane Technologies plc1/5 short2/3 long+6.5%−1.2%−2.9%+16.8%+11.3%+154%+178%+955%27.7%0.88−40.5%—$102B—
GFF Construction MaterialsGriffon Corporation1/5 short2/3 long−0.1%+6.9%+5.1%+27.5%+27.6%+153%+371%+761%41.7%0.95−61.3%—$4.4B—
ETN Electrical Equipment & PartsEaton Corporation plc0/5 short2/3 long−12.3%−4.6%−5.8%+17.7%+2.3%+104%+153%+657%32.1%0.74−44.5%—$148B—
HUBB Electrical Equipment & PartsHubbell Incorporated0/5 short2/3 long+0.4%−5.0%−15.4%+0.1%+7.7%+70.6%+159%+442%30.0%0.79−41.6%—$24B—
WTS Industrial - MachineryWatts Water Technologies, Inc.2/5 short1/3 long+2.1%+5.3%+22.3%+29.2%+28.1%+113%+104%+539%28.4%0.65−44.1%—$12B—
NVT Electrical Equipment & PartsnVent Electric plc2/5 short1/3 long−12.4%−9.6%+3.2%+31.4%+40.0%+203%+356%—38.0%0.99−56.2%—$23B—
IBP Residential ConstructionInstalled Building Products, Inc.0/5 short1/3 long−6.5%−15.4%−38.6%−28.3%−26.3%+78.6%+79.1%+524%46.6%0.49−61.8%—$5.0B—
EMR Industrial - MachineryEmerson Electric Co.3/5 short0/3 long+5.8%+17.9%+10.1%+19.5%+25.0%+84.9%+82.1%+309%27.7%0.57−50.8%—$90B—
ALLE Security & Protection ServicesAllegion plc3/5 short0/3 long+3.7%+14.1%+9.0%−1.3%−10.5%+69.1%+23.6%+164%26.7%0.29−43.2%—$13B—
MAS Construction MaterialsMasco Corporation2/5 short0/3 long+10.2%−3.2%+13.0%+17.4%+10.7%+57.7%+35.3%+162%31.1%0.35−44.7%—$15B—
CSL Construction MaterialsCarlisle Companies Incorporated1/5 short0/3 long+6.9%+4.2%−5.8%+4.4%+4.5%+42.7%+64.6%+273%32.4%0.47−38.7%—$13B—
HON ConglomeratesHoneywell International Inc.1/5 short0/3 long+3.3%−5.4%−10.7%+5.2%+6.8%+27.0%+7.5%+160%22.8%0.18−43.0%—$68B—
AOS Industrial - MachineryA. O. Smith Corporation1/5 short0/3 long+4.5%+1.7%−8.2%−11.4%−12.8%−5.4%−1.8%+46.1%27.6%0.12−46.8%—$8.1B—
FBIN Construction MaterialsFortune Brands Innovations, Inc.1/5 short0/3 long+3.0%−18.3%−0.1%−18.5%−17.9%−25.1%−47.3%+2.4%38.1%-0.15−62.4%—$4.9B—
CARR Industrial - MachineryCarrier Global Corporation1/5 short0/3 long+2.8%−15.8%−8.2%+6.2%−1.1%+21.2%+11.6%—32.3%0.23−40.8%—$46B—
AAON Industrial - MachineryAAON, Inc.0/5 short0/3 long−3.2%−28.8%−24.3%−6.4%−26.5%+40.8%+61.2%+308%47.5%0.44−50.2%—$6.1B—
LII Industrial - MachineryLennox International Inc.0/5 short0/3 long+0.4%−31.6%−25.8%−26.4%−31.2%+7.5%+24.2%+175%33.8%0.30−47.5%—$13B—
AYI Electrical Equipment & PartsAcuity Brands, Inc.0/5 short0/3 long+1.6%−4.8%+5.0%−16.5%−14.4%+87.6%+53.4%+32.7%32.8%0.43−72.2%—$9.3B—
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How did JCI do year by year?

This table shows each investment's total return in every full calendar year since 1997, along with where JCI ranked among its popular alternatives each year. Annual results reveal how consistently each one kept pace with JCI and how far its good and bad years diverged, detail that multiyear averages tend to smooth over.

Newest year first. Green marks a year in which the fund came out ahead of JCI; gray means the two finished within a fraction of a point. The rank row places JCI among the alternatives that traded the full year; dark green is the top quarter and red the bottom quarter.

InvestmentYears ahead of JCI20252024202320222021202020192018201720162015201420132012201120102009200820072006200520042003200220012000199919981997
JCI This pageJohnson Controls International plc—+54.0%+39.8%−7.6%−19.3%+77.4%+17.7%+40.8%−19.8%−6.3%+64.3%−23.3%+11.4%+46.9%+34.3%+19.3%+22.8%+76.7%−42.2%+61.6%+16.3%−11.9%+42.7%+75.4%−66.9%+9.3%+46.9%+7.9%+76.2%+89.2%
Rank among alternativesTop quarter in 11 of 292 of 227 of 2222 of 2214 of 222 of 229 of 2113 of 2111 of 2018 of 203 of 2019 of 206 of 197 of 187 of 181 of 179 of 172 of 1712 of 171 of 179 of 1716 of 172 of 173 of 1716 of 1710 of 162 of 166 of 151 of 141 of 13
SPY S&P 500State Street SPDR S&P 500 ETF11 of 29+17.7%+24.9%+26.2%−18.2%+28.7%+18.3%+31.2%−4.6%+21.7%+12.0%+1.2%+13.5%+32.3%+16.0%+1.9%+15.1%+26.4%−36.8%+5.1%+15.9%+4.8%+10.7%+28.2%−21.6%−11.7%−9.8%+20.4%+28.7%+33.5%
FIX Comfort Systems USA, Inc.14 of 28+121%+107%+79.6%+17.0%+89.0%+6.7%+15.1%+0.8%+32.1%+18.3%+67.7%−10.4%+61.7%+15.7%−17.0%+8.7%+17.8%−15.2%+2.1%+38.9%+20.1%+40.0%+63.6%−9.4%+73.7%−71.1%−58.7%−9.5%—
PWR Quanta Services, Inc.12 of 27+33.7%+46.6%+51.7%+24.6%+59.5%+77.8%+35.8%−22.9%+12.2%+72.1%−28.7%−10.1%+15.7%+26.7%+8.1%−4.4%+5.3%−24.6%+33.5%+49.3%+64.7%+9.5%+109%−77.3%−52.1%+71.0%+28.0%——
EME EMCOR Group, Inc.12 of 29+35.0%+111%+46.0%+16.8%+39.9%+6.5%+45.2%−26.7%+16.1%+48.2%+8.8%+5.6%+23.2%+31.2%−7.3%+7.8%+19.9%−5.1%−16.9%+68.4%+49.5%+2.9%−17.2%+16.7%+77.9%+40.0%+13.2%−21.6%+58.2%
TT Trane Technologies plc14 of 29+6.4%+53.0%+47.4%−15.3%+41.0%+43.4%+48.3%+4.4%+21.3%+38.5%−11.1%+4.6%+29.9%+59.3%−34.7%+32.6%+110%−62.0%+20.2%−1.7%+1.7%+19.6%+59.7%+4.3%+1.2%−23.0%+17.7%+17.9%+38.1%
GFF Griffon Corporation7 of 29+4.4%+18.0%+84.0%+48.3%+41.7%+2.0%+97.9%−44.4%−21.6%+49.0%+35.4%+1.9%+16.5%+26.8%−28.2%+4.3%+31.1%−25.1%−51.2%+7.1%−11.8%+33.3%+48.7%−9.2%+110%+0.9%−26.5%−27.3%+19.3%
ETN Eaton Corporation plc11 of 29−2.8%+39.5%+56.2%−7.2%+46.7%+31.0%+42.8%−10.0%+21.5%+33.8%−20.7%−8.2%+44.2%+28.6%−11.8%+64.0%+33.3%−47.1%+31.6%+14.4%−5.4%+36.5%+41.1%+7.6%+40.8%+6.0%+5.3%−19.0%+30.7%
HUBB Hubbell Incorporated10 of 29+7.4%+28.9%+42.4%+15.1%+35.6%+8.9%+52.9%−24.6%+18.8%+18.4%−3.3%−0.2%+31.1%+29.3%+14.1%+30.9%+50.5%−34.4%+17.0%+3.2%−11.3%+22.1%+30.2%+24.5%+16.3%+2.7%−25.7%−20.7%+16.8%
WTS Watts Water Technologies, Inc.12 of 29+36.8%−1.6%+43.6%−24.1%+60.6%+23.1%+56.2%−14.1%+17.9%+32.8%−20.8%+3.5%+45.4%+27.2%−5.3%+20.0%+26.0%−14.8%−26.6%+37.0%−5.1%+46.9%+43.1%+6.4%+9.8%−3.8%−9.5%−40.3%+20.0%
NVT nVent Electric plc2 of 7+51.2%+16.6%+56.0%+3.3%+67.2%−5.7%+17.2%——————————————————————
IBP Installed Building Products, Inc.6 of 11+50.6%−2.9%+118%−37.3%+38.4%+48.0%+104%−55.6%+83.9%+66.3%+39.3%——————————————————
EMR Emerson Electric Co.10 of 29+8.9%+29.7%+3.8%+5.7%+18.2%+8.6%+31.6%−11.9%+29.1%+21.0%−19.7%−9.6%+36.1%+17.3%−16.3%+37.8%+20.7%−33.6%+31.5%+20.7%+9.2%+11.0%+31.4%−8.3%−25.7%+40.8%−3.0%+9.2%+19.1%
ALLE Allegion plc6 of 12+23.5%+4.7%+22.3%−19.3%+15.0%−5.4%+57.9%+1.2%+25.3%−2.2%+19.7%+26.3%—————————————————
MAS Masco Corporation7 of 29−10.9%+10.1%+46.6%−32.1%+29.6%+16.1%+66.3%−32.7%+40.6%+13.1%+29.6%+12.3%+38.7%+62.9%−14.9%−6.1%+29.5%−45.8%−25.1%+1.8%−15.4%+36.2%+33.7%−12.0%−2.4%+3.8%−10.3%+14.9%+43.3%
CSL Carlisle Companies Incorporated9 of 29−12.3%+19.1%+34.3%−4.1%+60.6%−2.0%+63.1%−10.3%+4.5%+26.0%−0.6%+14.9%+36.8%+34.6%+13.3%+18.2%+69.7%−42.9%−4.4%+15.0%+8.1%+8.3%+49.8%+14.3%−11.3%+21.6%−29.1%+22.4%+43.2%
HON Honeywell International Inc.11 of 29−6.3%+10.2%+0.1%+5.0%−0.2%+23.1%+36.9%−7.5%+35.2%+14.3%+4.9%+10.6%+45.8%+18.5%+3.8%+37.8%+21.9%−45.9%+37.5%+23.1%+6.6%+7.3%+41.6%−28.0%−27.7%−17.2%+31.0%+15.1%+16.7%
AOS A. O. Smith Corporation10 of 29+0.1%−15.9%+46.7%−32.1%+59.3%+17.5%+13.7%−29.4%+30.8%+25.0%+37.4%+5.9%+73.1%+59.1%+6.8%+34.9%+50.3%−13.6%−4.9%+8.7%+19.8%−12.7%+32.7%+41.4%+17.3%−20.1%−8.9%−10.5%+43.2%
FBIN Fortune Brands Innovations, Inc.7 of 14−25.4%−9.1%+35.2%−36.5%+26.0%+32.9%+74.9%−43.7%+29.5%−2.6%+24.0%+0.2%+57.6%+71.6%———————————————
CARR Carrier Global Corporation1 of 5−21.8%+20.3%+41.5%−22.7%+45.3%————————————————————————
AAON AAON, Inc.15 of 29−34.9%+59.9%+47.9%−4.6%+19.8%+35.7%+41.9%−3.6%+11.9%+43.4%+4.6%+6.0%+132%+3.5%+10.1%+46.8%−5.1%+6.9%+14.8%+49.5%+10.9%−17.1%+5.5%+13.0%+107%+23.6%+54.4%+23.1%+55.1%
LII Lennox International Inc.11 of 26−19.5%+37.3%+89.5%−24.9%+19.7%+13.8%+12.8%+6.3%+37.4%+24.0%+33.0%+13.2%+64.1%+58.2%−27.3%+22.8%+23.0%−20.7%+37.4%+10.3%+41.0%+24.4%+36.6%+32.8%+29.8%−12.4%———
AYI Acuity Brands, Inc.11 of 24+23.5%+43.0%+24.1%−21.6%+75.4%−11.8%+20.5%−34.4%−23.5%−1.0%+67.4%+28.7%+62.5%+28.9%−7.2%+63.8%+4.0%−21.4%+31.6%+66.5%+2.7%+27.0%+99.2%+17.6%—————
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Risk and diversification

How JCI has fallen, how it held up in crashes beside the S&P 500 and its popular alternatives, and what moves independently of it.

What were JCI's worst declines?

A drawdown is the decline from a peak to the lowest point before a new high. This section presents JCI's five deepest drawdowns since it began trading in 1986, alongside the S&P 500's return over the same dates, and how long each took to recover. Together, these figures show how much an investor could have lost and how long it took to get back to even.

Green means JCI fell less than the S&P 500 over the same dates. Based on daily closing prices with dividends reinvested.

DuringJCI fellS&P 500, same datesPeakLowTime to the lowBack at the peakTime to recover
Dot-com bust−85.6%−37.9%Jan 2001Jul 200218 monthsJul 20075 years
2008 financial crisis−68.7%−49.0%Jul 2007Nov 200816 monthsJan 20112.2 years
No named crash−46.6%+5.6%Oct 1999Dec 19992 monthsJul 20007 months
Covid crash−46.4%−26.7%Nov 2019Mar 20204 monthsOct 20207 months
2022 bear market−42.3%−19.8%Dec 2021Jul 20227 monthsSep 20242.2 years

How did JCI do in stock market crashes?

This section measures how far JCI, the S&P 500 and each alternative fell from peak to trough during every major market crash since 2000. A smaller decline means an investment held up better, and comparing results across crashes shows whether that resilience was consistent or a one-off.

Newest crash first. Each figure is the fund's deepest fall within the crash window; green means a smaller fall than JCI.

InvestmentHeld up better2023 regional bank crisisMar 20232022 bear marketJan 2022Covid crashFeb 2020Late-2018 sell-offSep 2018February 2018 volatility shockFeb 20182015 China and oil sell-offAug 20152011 euro debt crisisJul 20112010 flash crashMay 20102008 financial crisisOct 2007Dot-com bustMar 2000
JCI This pageJohnson Controls International plc—−6.9%−41.6%−44.2%−22.2%−8.2%−20.8%−19.8%−1.9%−66.2%−85.6%
SPY S&P 500State Street SPDR S&P 500 ETF9 of 10−3.4%−24.5%−33.7%−19.3%−6.5%−12.8%−17.9%−1.5%−55.2%−47.5%
FIX Comfort Systems USA, Inc.5 of 10−7.8%−23.9%−38.8%−30.2%−6.3%−26.8%−33.3%−3.3%−57.0%−77.6%
PWR Quanta Services, Inc.4 of 10−4.0%−21.7%−40.8%−22.1%−7.1%−35.4%−21.6%−1.7%−69.6%−97.1%
EME EMCOR Group, Inc.4 of 10−7.3%−25.8%−46.1%−24.2%−5.7%−17.7%−35.7%−3.0%−67.4%−31.7%
TT Trane Technologies plc5 of 10−3.3%−37.5%−39.2%−17.9%−8.0%−20.6%−34.2%−2.6%−77.5%−44.7%
GFF Griffon Corporation4 of 10−15.7%−36.9%−54.2%−41.6%−1.9%−27.7%−30.3%−2.0%−61.4%−48.5%
ETN Eaton Corporation plc5 of 10−4.5%−26.3%−44.5%−26.0%−6.7%−22.3%−34.6%−1.4%−68.5%−31.6%
HUBB Hubbell Incorporated7 of 10−5.6%−17.3%−40.6%−31.6%−3.7%−20.9%−26.6%−1.0%−59.7%−27.4%
WTS Watts Water Technologies, Inc.4 of 10−6.9%−39.4%−32.0%−26.1%−9.1%−24.6%−31.1%−3.4%−49.9%−35.1%
NVT nVent Electric plc1 of 4−8.0%−20.9%−56.2%−30.5%——————
IBP Installed Building Products, Inc.1 of 6−4.5%−46.4%−61.7%−34.2%−7.8%−37.3%————
EMR Emerson Electric Co.7 of 10−4.3%−25.4%−47.2%−28.8%−5.9%−15.9%−25.8%0.0%−56.1%−43.6%
ALLE Allegion plc4 of 6−7.3%−32.0%−39.9%−18.8%−5.5%−20.8%————
MAS Masco Corporation5 of 10−2.4%−34.0%−39.2%−28.5%−5.1%−22.8%−39.7%−6.7%−83.8%−39.0%
CSL Carlisle Companies Incorporated5 of 10−10.1%−15.0%−38.2%−24.5%−5.6%−25.3%−37.4%−2.5%−63.5%−45.5%
HON Honeywell International Inc.7 of 10−1.4%−22.7%−42.2%−22.1%−6.8%−14.4%−25.3%−1.8%−62.2%−65.8%
AOS A. O. Smith Corporation5 of 10−2.4%−42.1%−21.9%−30.3%−6.8%−23.3%−31.6%−3.8%−54.1%−47.9%
FBIN Fortune Brands Innovations, Inc.3 of 6−6.3%−49.4%−52.1%−34.6%−4.9%−19.8%————
CARR Carrier Global Corporation2 of 2−5.6%−35.8%————————
AAON AAON, Inc.6 of 10−4.5%−39.3%−31.0%−25.7%−7.1%−22.2%−36.4%−2.4%−43.5%−38.8%
LII Lennox International Inc.7 of 10−5.4%−40.7%−35.9%−11.6%−8.1%−17.1%−39.8%−1.8%−51.5%−53.4%
AYI Acuity Brands, Inc.4 of 9−6.7%−32.4%−38.8%−35.8%−3.1%−27.0%−34.3%−3.9%−61.7%—
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How closely does JCI move with the S&P 500?

Upside capture measures how much of the S&P 500's gains an investment kept in the months the market rose, and downside capture how much of its losses it took in the months the market fell. An investment that captures more of the gains than the losses has compounded ahead of the market over time. This section compares JCI with its popular alternatives on both measures, and on beta (how strongly each has moved with the market), over the past 10 years.

Monthly total returns over the past 10 years, measured against SPY. 100% capture or a beta of 1.00 means moving in line with the S&P 500. Green marks a better figure than JCI's: more upside, less downside or a higher capture ratio. Sorted by capture ratio.

InvestmentUpside captureDownside captureCapture ratioBeta
JCI This pageJohnson Controls International plc102%90%1.131.17
FIX Comfort Systems USA, Inc.180%71%2.551.38
PWR Quanta Services, Inc.141%61%2.311.22
EME EMCOR Group, Inc.128%75%1.711.16
TT Trane Technologies plc115%69%1.661.10
ETN Eaton Corporation plc114%80%1.431.16
WTS Watts Water Technologies, Inc.102%80%1.281.02
AAON AAON, Inc.90%74%1.210.99
HUBB Hubbell Incorporated108%101%1.071.03
GFF Griffon Corporation151%148%1.021.73
CSL Carlisle Companies Incorporated94%98%0.960.94
IBP Installed Building Products, Inc.166%198%0.841.78
LII Lennox International Inc.81%96%0.841.02
EMR Emerson Electric Co.124%153%0.811.39
ALLE Allegion plc95%122%0.771.00
HON Honeywell International Inc.90%118%0.771.00
MAS Masco Corporation111%158%0.701.30
AOS A. O. Smith Corporation82%139%0.591.12
AYI Acuity Brands, Inc.97%174%0.551.45
FBIN Fortune Brands Innovations, Inc.96%193%0.501.47
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What diversifies JCI?

Correlation measures how closely two investments move together, on a scale from 1 (in lockstep) through 0 (unrelated) to -1 (in opposite directions). This section lists large ETFs and stocks whose returns have had a low correlation with JCI's. Because such investments tend not to fall at the same time, pairing JCI with them can reduce a portfolio's overall swings.

Only ETFs with at least $1.0B in assets and stocks worth at least $10B, with a correlation below 0.5 over the past 5 years and a positive return, are included, ranked by Sharpe ratio; funds that hold the same thing are shown once. The year columns are the years in which JCI lost money. The last two columns show a portfolio that is 80% JCI and 20% the other investment, rebalanced monthly.

ETFs

InvestmentCorrelation5Y returnSharpe2023202220182017201520082005200280/20 mix volatility80/20 mix annual return
JCI Johnson Controls International plc (this page)1.00+123%0.70−7.6%−19.3%−19.8%−6.3%−23.3%−42.2%−11.9%−66.9%30.3%+19.3%
DXJ InternationalWisdomTree Japan Hedged Equity Fund0.40+225%1.34+42.0%+6.0%−19.8%+22.8%+7.7%−20.8%——25.3%+21.5%
MLPX EnergyGlobal X - MLP & Energy Infrastructure ETF0.43+135%0.97+15.8%+21.5%−15.5%−4.5%−35.3%———26.1%+20.2%
SMH TechnologyVanEck Semiconductor ETF0.48+323%0.97+73.4%−33.5%−9.1%+38.5%−0.3%−44.7%+10.8%−47.0%28.2%+23.7%
GLD CommoditiesSPDR Gold Shares0.13+126%0.96+12.7%−0.8%−1.9%+12.8%−10.7%+4.9%+17.8%—24.9%+20.0%
XLE EnergyState Street Energy Select Sector SPDR ETF0.22+177%0.93−0.6%+64.4%−18.2%−0.9%−21.5%−39.0%+40.1%−14.8%25.9%+21.1%
EWT TechnologyiShares MSCI Taiwan ETF0.49+153%0.89+29.0%−28.9%−9.9%+26.9%−12.9%−45.3%+4.7%−24.4%27.1%+20.5%
AMLP EnergyAlerian MLP ETF0.27+111%0.89+21.4%+25.5%−12.6%−7.9%−25.7%———25.4%+20.0%
EDIV InternationalState Street SPDR S&P Emerging Markets Dividend ETF0.49+69.9%0.84+41.9%−15.3%−6.2%+28.2%−27.4%———25.6%+18.2%

Stocks

InvestmentCorrelation5Y returnSharpe2023202220182017201520082005200280/20 mix volatility80/20 mix annual return
JCI Johnson Controls International plc (this page)1.00+123%0.70−7.6%−19.3%−19.8%−6.3%−23.3%−42.2%−11.9%−66.9%30.3%+19.3%
CAH Medical - DistributionCardinal Health, Inc.0.36+479%1.55+34.1%+54.1%−24.5%−12.7%+12.6%−39.6%+18.7%−8.3%26.6%+23.7%
CLS Hardware, Equipment & PartsCelestica Inc.0.37+3,143%1.47+160%+1.3%−16.3%−11.6%−6.0%−20.5%−25.2%−65.1%30.6%+36.6%
MCK Medical - DistributionMcKesson Corporation0.30+413%1.44+24.1%+51.8%−28.4%+12.0%−4.5%−40.4%+64.9%−27.2%26.2%+23.2%
MPC Oil & Gas Refining & MarketingMarathon Petroleum Corporation0.18+690%1.41+30.4%+86.6%−8.2%+34.8%+17.4%———26.2%+26.2%
PBR Oil & Gas IntegratedPetróleo Brasileiro S.A. - Petrobras0.08+667%1.28+89.6%+55.4%+27.7%+1.8%−41.1%−55.6%+85.0%−32.0%25.9%+26.0%
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Common questions

What was JCI's worst drawdown?

JCI's deepest decline since it began trading in 1986 was 85.6%, from January 2001 to July 2002. It took about five years from the low to climb back to its old high.

What were JCI's best and worst years?

Over 29 full calendar years, JCI's best year was 1997, when it returned 89.2%. Its worst was 2002, with a return of -66.9%.

Is there a better investment than JCI?

Among JCI's popular alternatives, TT earned more for the risk it took than JCI over the past 5 years, and its worst fall in 10 years was 40.5%, against 46.4% for JCI. Looking beyond its popular alternatives, TJX (specialty retail) and WAB (industrial machinery) earned more than JCI with less volatility over the past 5 years. TJX returned 19.9% a year at 22.3% volatility, against 17.4% a year at 29.1%.

Is JCI more volatile than the S&P 500?

Yes. JCI's volatility over the past 5 years was 29.1%, 1.7 times the S&P 500's 17.1%. Volatility measures how widely returns swing around their average: in roughly two years out of three, JCI's return lands within 29.1% of its average, either way. The higher it is, the rougher the ride and the harder it is to hold through a slump.

What is JCI's Sharpe ratio?

JCI's Sharpe ratio over the past 5 years was 0.70, against 0.79 for the S&P 500, so JCI earned less for each unit of risk than an index fund did. The Sharpe ratio is the return earned above cash for each unit of volatility: two investments with the same return are not equal if one got there with far bigger swings.

How correlated is JCI with the S&P 500?

Over the past 5 years, JCI's monthly returns had a correlation of 0.66 with the S&P 500. Correlation runs from 1 (moving in lockstep) through 0 (unrelated) to −1 (moving in opposite directions). They often move together: some diversification next to an index fund, but not a cushion. In the table, the correlation column measures each option against JCI instead: the lower it is, the more that option would diversify a JCI holding.

What are the best alternatives to JCI?

None of the 21 popular alternatives we compared outperformed JCI in at least 3 of 5 short-term and 2 of 3 long-term timeframes, which says more about JCI's strength than about its alternatives.

Did JCI outperform the S&P 500?

JCI finished ahead of the S&P 500 (SPY) in 17 of 29 full calendar years. In 2025, it returned +54.0%, against +17.7% for the index.

How did JCI do in stock market crashes?

JCI fell less than the S&P 500 (SPY) in none of the ten major crashes it has traded through, and further in nine. The clearest case was the dot-com bust, when JCI fell 85.6% and the S&P 500 fell 47.5%.

What diversifies JCI?

These had a low correlation with JCI over the past 5 years and still earned a positive 5-year return: among large ETFs, DXJ (correlation 0.40), MLPX (correlation 0.43) and SMH (correlation 0.48); among large stocks, CAH (correlation 0.36), CLS (correlation 0.37) and MCK (correlation 0.30). A correlation near zero means the two have moved largely independently.

How we measure

More research

Popular alternatives to JCI

Other stocks and ETFs