MXI
iShares Global Materials ETF
iShares S&P Global Materials Index Fund seeks results that correspond generally to the price and yield performance of the S&P Global Materials Index.
Global
EQUITY
Passive
MANAGEMENT STYLE
$ 343.2 M
ASSETS UNDER MGMT
41 bp
EXPENSES
Fund Basics
| Inception date | Sep 12, 2006 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | Semi-annual |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| LINDE PLC | 8.0 % |
| BHP BILLITON LTD | 6.1 % |
| NEWMONT MINING CORP | 4.1 % |
| AIR LIQUIDE SA | 3.9 % |
| AGNICO-EAGLE MINES LTD | 3.6 % |
| RIO TINTO PLC | 3.2 % |
| FREEPORT-MCMORAN COPPER | 2.8 % |
| SHIN-ETSU CHEMICAL CO LTD | 2.8 % |
| SHERWIN-WILLIAMS CO/THE | 2.6 % |
| BARRICK MINING CORP | 2.5 % |
Constituent Breakdown
| Number of holdings | 86 |
| Herfindahl-Hirschman Index | 259 |
| Wgt avg mkt cap (mns) | $64,247 |
| Large cap (>$10bn) | 86.0% |
| Mid cap ($2-10bn) | 4.6% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 87.1% |
| Emerging mkts. | 4.3% |
Sector Breakdown
Country Exposure
 |
UNITED STATES | 28.0 % |
 |
BRITAIN | 12.9 % |
 |
CANADA | 11.2 % |
 |
AUSTRALIA | 11.0 % |
 |
SWITZERLAND | 6.3 % |
 |
JAPAN | 6.2 % |
 |
FRANCE | 4.1 % |
 |
GERMANY | 2.9 % |
 |
BRAZIL | 2.0 % |
 |
MEXICO | 1.7 % |
Historical Performance
Standardized Performance (as of 02/28/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 20.6% | 41.7% | 17.6% | 12.4% | 6.9% | 10.4% | -- | 4.6% |
| Dividend Yield | 0.0% | 1.4% | 2.3% | 2.7% | 3.2% | 2.9% | -- | 2.4% |
| Total Returns | 20.6% | 43.1% | 19.9% | 15.1% | 10.1% | 13.4% | -- | 6.9% | Ann. Volatility | 21.8% | 20.0% | 17.5% | 17.4% | 19.1% | 20.3% | -- | 25.7% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.74 | 51% |
| MSCI EAFE | 1.03 | 72% |
| MSCI Emg Mkts | 0.86 | 60% |
Liquidity Measures
| Avg. volume (000) | 47 |
| ADV traded (mns) | $5 |
| Turnover | 1.4% |
| Avg. Bid/Ask (% of price) | 0.19% |
Technical Indicators
| 30d moving avg. (EMA) | $109.03 |
| Relative strength (RSI) | 46 |
| MACD/Signal | -0.82/0.50 |
| Bollinger Bands (Upper/Lower) | $118.85/$103.59 |
| Short interest (% of AUM) | 0.2% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. MXI |
Expenses vs. MXI |
ALTAR Score™ vs. MXI |
|---|---|---|---|---|
| XLB | Materials Select Sector SPDR | 36.2% | -33 bp | -0.6% |
| FMAT | Fidelity MSCI Materials Index ETF | 36.2% | -33 bp | -0.9% |
| VAW | Vanguard Materials ETF | 36.2% | -32 bp | -0.9% |
| RSPM | Invesco S&P 500 Equal Weight Materials ETF | 31.3% | -1 bp | -0.6% |
| GNR | SPDR S&P Global Natural Resources ETF | 31.0% | -1 bp | +2.2% |
| PICK | iShares MSCI Global Metals & Mining Producers ETF | 27.0% | -2 bp | +2.0% |
| IYM | iShares U.S. Basic Materials ETF | 26.2% | -1 bp | -1.5% |
| GUNR | FlexShares Morningstar Global Upstream Natural Resources Ind | 24.5% | +5 bp | +1.4% |
| NANR | SPDR S&P North American Natural Resources ETF | 22.4% | -6 bp | +0.5% |
| ICOP | iShares Copper and Metals Mining ETF | 21.8% | +6 bp | +0.1% |
Risk and Returns: MXI vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates (USD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Book value per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 3/19/2026
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
6.0%
ALTAR SCORE™
69th
PERCENTILE
OVERWEIGHT
ETFRC RATING
There are 567 funds in the Global Equity category with an average
ALTAR Score™ of 4.6% and a standard deviation
of 2.7%. MXI's ALTAR Score™ is approximately 0.5 standard
deviations above the category average. This places MXI in the 69th percentile
among funds in the category.
Sell-Side Consensus
$116.95
PRICE TARGET
+14.2%
UPSIDE