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
$ 397.2 M
ASSETS UNDER MGMT
37 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 | 7.8 % |
| BHP BILLITON LTD | 7.0 % |
| AIR LIQUIDE SA | 4.4 % |
| NEWMONT MINING CORP | 3.7 % |
| FREEPORT-MCMORAN COPPER | 3.0 % |
| RIO TINTO PLC | 2.9 % |
| AGNICO-EAGLE MINES LTD | 2.8 % |
| ECOLAB INC | 2.5 % |
| SHERWIN-WILLIAMS CO/THE | 2.5 % |
| AIR PRODUCTS & CHEMICALS INC | 2.3 % |
Constituent Breakdown
| Number of holdings | 88 |
| Herfindahl-Hirschman Index | 256 |
| Wgt avg mkt cap (mns) | $77,200 |
| Large cap (>$10bn) | 87.8% |
| Mid cap ($2-10bn) | 3.6% |
| Small cap (<$2bn) | 0.2% |
| Developed mkts. | 86.7% |
| Emerging mkts. | 6.5% |
Sector Breakdown
Country Exposure
 |
UNITED STATES | 26.1 % |
 |
BRITAIN | 12.5 % |
 |
AUSTRALIA | 11.5 % |
 |
CANADA | 9.7 % |
 |
SWITZERLAND | 7.3 % |
 |
JAPAN | 6.7 % |
 |
FRANCE | 4.6 % |
 |
GERMANY | 3.1 % |
 |
MEXICO | 2.0 % |
 |
TAIWAN | 1.8 % |
Historical Performance
Standardized Performance (as of 09/30/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 10.7% | 15.7% | 7.1% | 10.9% | 4.7% | 7.2% | 3.9% | 4.0% |
| Dividend Yield | 1.1% | 2.0% | 2.0% | 2.4% | 3.1% | 2.8% | 2.3% | 2.3% |
| Total Returns | 11.8% | 17.7% | 9.1% | 13.2% | 7.8% | 10.0% | 6.2% | 6.3% | Ann. Volatility | 23.8% | 22.0% | 20.3% | 18.8% | 20.0% | 20.5% | 25.7% | 25.6% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.09 | 41% |
| MSCI EAFE | 1.12 | 66% |
| MSCI Emg Mkts | 0.60 | 47% |
Liquidity Measures
| Avg. volume (000) | 32 |
| ADV traded (mns) | $3 |
| Turnover | 0.9% |
| Avg. Bid/Ask (% of price) | 0.20% |
Technical Indicators
| 30d moving avg. (EMA) | $108.37 |
| Relative strength (RSI) | 45 |
| MACD/Signal | -0.69/-0.70 |
| Bollinger Bands (Upper/Lower) | $109.87/$105.94 |
| Short interest (% of AUM) | 0.7% |
Distributions
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 | 34.8% | -29 bp | -0.3% |
| XLB | Materials Select Sector SPDR | 34.8% | -29 bp | -0.1% |
| VAW | Vanguard Materials ETF | 34.8% | -28 bp | -0.5% |
| RSPM | Invesco S&P 500 Equal Weight Materials ETF | 31.1% | +3 bp | +0.8% |
| GNR | SPDR S&P Global Natural Resources ETF | 30.0% | +3 bp | +3.4% |
| PICK | iShares MSCI Global Metals & Mining Producers ETF | 29.8% | +2 bp | +2.8% |
| IYM | iShares U.S. Basic Materials ETF | 26.7% | 0 bp | -1.2% |
| FMTL | First Trust Indxx Critical Metals ETF | 24.5% | +28 bp | +1.1% |
| ICOP | iShares Copper and Metals Mining ETF | 22.0% | +10 bp | +0.2% |
| NANR | SPDR S&P North American Natural Resources ETF | 21.5% | -2 bp | +1.8% |
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 11/6/2026
Peer Group Comparison
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Historical Valuation Trends Sample data. Subscribe for access.
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
5.9%
ALTAR SCORE™
66th
PERCENTILE
OVERWEIGHT
ETFRC RATING
There are 746 funds in the Global Equity category with an average
ALTAR Score™ of 4.8% and a standard deviation
of 2.6%. MXI's ALTAR Score™ is approximately 0.4 standard
deviations above the category average. This places MXI in the 66th percentile
among funds in the category.
Sell-Side Consensus
$128.39
PRICE TARGET
+19.6%
UPSIDE