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
207.1 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) | $207 |
| 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 | 9.0 % |
| BHP BILLITON LTD | 5.8 % |
| AIR LIQUIDE SA | 4.2 % |
| SHERWIN-WILLIAMS CO/THE | 3.6 % |
| AIR PRODUCTS & CHEMICALS INC | 3.0 % |
| SHIN-ETSU CHEMICAL CO LTD | 3.0 % |
| RIO TINTO PLC | 2.8 % |
| ECOLAB INC | 2.7 % |
| FREEPORT-MCMORAN COPPER | 2.6 % |
| HOLCIM LTD-REG | 2.3 % |
Constituent Breakdown
| Number of holdings | 95 |
| Herfindahl-Hirschman Index | 257 |
| Wgt avg mkt cap (mns) | $65,269 |
| Large cap (>$10bn) | 91.0% |
| Mid cap ($2-10bn) | 7.3% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 95.4% |
| Emerging mkts. | 4.1% |
Country Exposure
 |
UNITED STATES | 31.8 % |
 |
BRITAIN | 16.5 % |
 |
AUSTRALIA | 9.0 % |
 |
SWITZERLAND | 8.8 % |
 |
CANADA | 8.5 % |
 |
JAPAN | 6.4 % |
 |
FRANCE | 4.4 % |
 |
GERMANY | 3.7 % |
 |
BRAZIL | 1.6 % |
 |
DENMARK | 1.1 % |
Historical Performance
Standardized Performance (as of 11/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | -5.5% | 0.9% | 2.0% | 1.7% | 7.7% | 6.4% | 5.0% | Volatility | 14.6% | 15.0% | 17.5% | 19.9% | 23.2% | 20.4% | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.97 | 60% |
| MSCI EAFE | 1.16 | 86% |
| MSCI Emg Mkts | 1.04 | 68% |
Liquidity Measures
| Avg. volume (000) | 13 |
| Turnover | 0.5% |
| Avg. Bid/Ask (% of price) | 0.22% |
| ADV of underlying (mns) | $9,188 |
Technical Indicators
| Recent close | $78.16 |
| 30d moving avg. | $85.34 |
| Annualized volatility | 21.9% |
| Relative strength (RSI) | 47 |
| Short interest (ETF) | 0.2% |
| Short interest (underlying) | 0.0% |
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. MXI |
Expenses vs. MXI |
ALTAR Score™ vs. MXI |
|---|---|---|---|---|
| FMAT | Fidelity MSCI Materials Index ETF | 41.9% | -33 bp | -0.6% |
| XLB | Materials Select Sector SPDR Fund | 41.9% | -32 bp | -0.9% |
| VAW | Vanguard Materials ETF | 41.9% | -31 bp | -0.7% |
| GNR | SPDR S&P Global Natural Resources ETF | 38.6% | -1 bp | +3.2% |
| RSPM | Invesco S&P 500 Equal Weight Materials ETF | 35.4% | -1 bp | +0.9% |
| GUNR | FlexShares Morningstar Global Upstream Natural Resources Ind | 27.7% | +5 bp | +2.5% |
| IYM | iShares U.S. Basic Materials ETF | 27.6% | -1 bp | -0.2% |
| PICK | iShares MSCI Global Metals & Mining Producers ETF | 26.1% | -2 bp | +6.7% |
| PYZ | Invesco Dorsey Wright Basic Materials Momentum ETF | 21.5% | +19 bp | -1.9% |
| NANR | SPDR S&P North American Natural Resources ETF | 20.8% | -6 bp | +0.9% |
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
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| 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 12/20/2024
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
MXI
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
7.6%
Cat. Avg
4.2%
ALTAR Score™ Calculation
Category Overview
There are 374 funds in the Global Equity category, with an average ALTAR Score™
of 4.2% and a standard deviation of
4.8%. MXI's ALTAR Score™ is approximately
0.7 standard deviations
above
the category average. This places MXI in the 76th 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
Expense Analysis
| Peer Group | Passive Global Equity ETFs |
| # of ETFs | 53 |
| Avg. Expense Ratio | 50.8 bp |
| Std. Deviation | 22.4 bp |
| MXI (41 bp) Percentile rank | 34 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| MXI | 41.0 | 21.6 | 62.6 |
| Peer Avg. | 49.1 | 28.8 | 77.9 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .