PICK
iShares MSCI Global Metals & Mining Producers ETF
iShares MSCI Global Select Metals & Mining Producers Fund is an exchange-traded fund incorporated in the USA. Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI ACWI Select Metals & Mining Producers Ex Gold & Silver Investable Market Index.
Global
EQUITY
Passive
MANAGEMENT STYLE
748.8 M
ASSETS UNDER MGMT
39 bp
EXPENSES
Fund Basics
| Fund sponsor | BlackRock Funds/USA |
| Category | Global |
| Asset class | Equity |
| Website | link... |
| Inception date | Jan 31, 2012 |
| Assets (mns) | $749 |
| Expense ratio | 39 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Semi-Annually |
| Taxation | 1099 |
| Stock selection | Market Cap |
| Weighting | Market Cap |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| BHP BILLITON LTD | 12.8 % |
| RIO TINTO PLC | 6.8 % |
| FREEPORT-MCMORAN COPPER | 6.1 % |
| GLENCORE INTERNATIONAL PLC | 4.1 % |
| ANGLO AMERICAN PLC | 3.6 % |
| VALE SA | 3.5 % |
| NUCOR CORP | 2.9 % |
| RIO TINTO LTD | 2.7 % |
| NIPPON STEEL CORP | 2.0 % |
| STEEL DYNAMICS INC | 1.9 % |
Constituent Breakdown
| Number of holdings | 231 |
| Herfindahl-Hirschman Index | 366 |
| Wgt avg mkt cap (mns) | $38,367 |
| Large cap (>$10bn) | 69.0% |
| Mid cap ($2-10bn) | 21.7% |
| Small cap (<$2bn) | 6.4% |
| Developed mkts. | 73.0% |
| Emerging mkts. | 23.5% |
Country Exposure
 |
AUSTRALIA | 21.4 % |
 |
UNITED STATES | 19.0 % |
 |
BRITAIN | 8.0 % |
 |
CANADA | 5.7 % |
 |
INDIA | 5.5 % |
 |
JAPAN | 5.2 % |
 |
BRAZIL | 4.3 % |
 |
SWITZERLAND | 4.1 % |
 |
SOUTH AFRICA | 2.1 % |
 |
SOUTH KOREA | 2.0 % |
Historical Performance
Standardized Performance (as of 05/31/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 5.3% | -16.5% | -1.1% | -7.0% | 9.4% | 1.8% | -- | -2.5% |
| Dividend Yield | 0.0% | 2.5% | 3.6% | 4.3% | 5.0% | 4.8% | -- | 4.0% |
| Total Returns | 5.3% | -14.1% | 2.5% | -2.7% | 14.3% | 6.6% | -- | 1.5% | Ann. Volatility | 30.5% | 26.9% | 24.4% | 27.3% | 27.8% | 29.4% | -- | 28.3% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.01 | 39% |
| MSCI EAFE | 1.24 | 62% |
| MSCI Emg Mkts | 1.31 | 68% |
Liquidity Measures
| Avg. volume (000) | 337 |
| ADV traded (mns) | $13 |
| Turnover | 1.7% |
| Avg. Bid/Ask (% of price) | 0.17% |
Technical Indicators
| Recent close | $37.44 |
| 30d moving avg. | $36.51 |
| Annualized volatility | 27.3% |
| Relative strength (RSI) | 57 |
| Short interest | 6.5% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. |
Expenses vs. |
ALTAR Score™ vs. |
|---|---|---|---|---|
| ICOP | iShares Copper and Metals Mining ETF | 29.7% | +8 bp | +9.2% |
| COPX | Global X Copper Miners ETF | 24.1% | +26 bp | +8.1% |
| COPA | Themes Copper Miners ETF | 23.3% | -4 bp | +6.7% |
| MXI | iShares Global Materials ETF | 22.9% | +2 bp | +7.9% |
| GMET | VanEck Green Metals ETF | 22.4% | +24 bp | +9.9% |
| BATT | Amplify Lithium & Battery Technology ETF | 22.1% | +20 bp | +3.6% |
| CRIT | Optica Rare Earths & Critical Materials ETF Optica Rare Eart | 22.1% | +46 bp | +10.5% |
| GNR | SPDR S&P Global Natural Resources ETF | 18.8% | +1 bp | +11.4% |
| GUNR | FlexShares Morningstar Global Upstream Natural Resources Ind | 17.3% | +7 bp | +10.2% |
| DMAT | Global X Disruptive Materials ETF | 17.2% | +20 bp | +10.0% |
Risk and Returns: 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
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | ||
|---|---|---|---|---|---|---|---|---|
| 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 | 2024 | 2025 | 2026 | |
| 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 6/15/2025
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
SPECULATIVE
Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.
ALTAR Score™
14.2%
Cat. Avg
4.5%
ALTAR Score™ Calculation
Category Overview
There are 370 funds in the Global Equity category, with an average ALTAR Score™
of 4.5% and a standard deviation of
3.5%. 's ALTAR Score™ is approximately
2.8 standard deviations
above
the category average. This places in the 99th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
PICKSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Passive Global Equity ETFs |
| # of ETFs | 53 |
| Avg. Expense Ratio | 50.8 bp |
| Std. Deviation | 22.4 bp |
| (39 bp) Percentile rank | 31 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| 39.0 | 0.0 | 39 | |
| Peer Avg. | 49.9 | 28.6 | 78.4 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .