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
280.1 M
ASSETS UNDER MGMT
41 bp
EXPENSES
Fund Basics
| Fund sponsor | Barclays Global Fund Advisors |
| Category | Global |
| Asset class | Equity |
| Website | link... |
| Inception date | Sep 12, 2006 |
| Assets (mns) | $280 |
| Expense ratio | 41 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Semi-Annually |
| Taxation | 1099 |
| Stock selection | Committee |
| Weighting | Market Cap |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| LINDE PLC | 7.4 % |
| BHP BILLITON LTD | 5.8 % |
| NEWMONT MINING CORP | 4.2 % |
| AIR LIQUIDE SA | 3.8 % |
| AGNICO-EAGLE MINES LTD | 3.4 % |
| RIO TINTO PLC | 3.1 % |
| CRH PUBLIC LIMITED PLC | 3.0 % |
| SHERWIN-WILLIAMS CO/THE | 2.9 % |
| FREEPORT-MCMORAN COPPER | 2.9 % |
| BARRICK MINING CORP | 2.9 % |
Constituent Breakdown
| Number of holdings | 86 |
| Herfindahl-Hirschman Index | 248 |
| Wgt avg mkt cap (mns) | $62,279 |
| Large cap (>$10bn) | 87.2% |
| Mid cap ($2-10bn) | 6.3% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 91.4% |
| Emerging mkts. | 3.7% |
Country Exposure
 |
UNITED STATES | 28.7 % |
 |
BRITAIN | 12.7 % |
 |
CANADA | 10.9 % |
 |
AUSTRALIA | 10.5 % |
 |
SWITZERLAND | 7.1 % |
 |
JAPAN | 5.8 % |
 |
FRANCE | 4.0 % |
 |
GERMANY | 3.3 % |
 |
BRAZIL | 2.0 % |
 |
MEXICO | 1.8 % |
Historical Performance
Standardized Performance (as of 12/31/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 24.4% | 24.4% | 5.2% | 7.1% | 3.5% | 7.9% | -- | 3.6% |
| Dividend Yield | 1.2% | 1.2% | 2.1% | 2.5% | 3.1% | 2.8% | -- | 2.4% |
| Total Returns | 25.6% | 25.6% | 7.3% | 9.6% | 6.6% | 10.8% | -- | 6.0% | Ann. Volatility | 18.7% | 18.7% | 16.9% | 17.0% | 19.1% | 20.3% | -- | 25.7% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.73 | 57% |
| MSCI EAFE | 1.00 | 78% |
| MSCI Emg Mkts | 0.83 | 60% |
Liquidity Measures
| Avg. volume (000) | 23 |
| ADV traded (mns) | $2 |
| Turnover | 0.8% |
| Avg. Bid/Ask (% of price) | 0.18% |
Technical Indicators
| 30d moving avg. (EMA) | $96.54 |
| Relative strength (RSI) | 67 |
| MACD/Signal | 2.07/1.79 |
| Bollinger Bands (Upper/Lower) | $101.82/$93.40 |
| 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 |
|---|---|---|---|---|
| FMAT | Fidelity MSCI Materials Index ETF | 36.7% | -33 bp | +5.2% |
| VAW | Vanguard Materials ETF | 36.7% | -32 bp | +5.2% |
| XLB | The Materials Select Sector SPDR Fund | 36.7% | -33 bp | +5.4% |
| GNR | SPDR S&P Global Natural Resources ETF | 35.2% | -1 bp | +9.0% |
| RSPM | Invesco S&P 500 Equal Weight Materials ETF | 32.7% | -1 bp | +6.4% |
| PICK | iShares MSCI Global Metals & Mining Producers ETF | 26.3% | -2 bp | +7.8% |
| IYM | iShares U.S. Basic Materials ETF | 25.6% | -1 bp | +4.4% |
| NANR | SPDR S&P North American Natural Resources ETF | 24.3% | -6 bp | +7.0% |
| GUNR | FlexShares Morningstar Global Upstream Natural Resources Ind | 23.7% | +5 bp | +8.2% |
| ICOP | iShares Copper and Metals Mining ETF | 21.5% | +6 bp | +5.6% |
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
| 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 | 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 1/11/2026
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
OVERWEIGHT
Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.
ALTAR Score™
MXI
5.9%
Cat. Avg
4.1%
ALTAR Score™ Calculation
Category Overview
There are 391 funds in the Global Equity category, with an average ALTAR Score™
of 4.1% and a standard deviation of
2.9%. MXI's ALTAR Score™ is approximately
0.6 standard deviations
above
the category average. This places MXI in the 74th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
MXISELL
U/W
HOLD
O/W
BUY