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MXI - ETF AI Analysis
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iShares Global Materials ETF (MXI)
Rating:67Neutral
Price Target:―
Positive Factors
Strong Year-to-Date Performance
The ETF has delivered solid gains so far this year, reflecting positive momentum in the materials sector.
Global Diversification
The fund invests across multiple countries, reducing reliance on any single geographic market.
Reasonable Expense Ratio
The ETF charges a moderate fee, making it cost-effective compared to actively managed funds.
Negative Factors
Sector Concentration
Over 80% of the portfolio is allocated to the materials sector, making the fund vulnerable to downturns in this industry.
Mixed Performance Among Top Holdings
Some key stocks, like Sherwin-Williams and Shin-Etsu Chemical, have underperformed, which could weigh on overall returns.
Limited Exposure to Emerging Markets
The ETF focuses heavily on developed markets, potentially missing growth opportunities in emerging economies.
MXI vs. SPDR S&P 500 ETF (SPY)
AUM283.95M
RegionGlobal
Expense Ratio0.39%
Beta0.80
IssueriShares
Inception DateSep 12, 2006
Dividend Yield2.05%
Asset ClassEquity
Index TrackedS&P Global 1200 / Materials -SEC
Share Statistics
EPS (TTM)N/A
Shares OutstandingN/A
10 Day Avg. Volume38,648
30 Day Avg. Volume13,769
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)N/A
P/FCF RatioN/A
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
107.49Price Target Upside― Downside
Rating ConsensusModerate Buy
Number of Analyst Covering84
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
MXI Summary
The iShares Global Materials ETF (MXI) is a fund that focuses on companies in the materials sector, which includes businesses involved in producing metals, chemicals, and forestry products. It follows the S&P Global 1200 Materials Index and includes well-known companies like Linde and BHP Group Ltd. This ETF is a good choice for investors looking to diversify their portfolio or benefit from global industrial growth and infrastructure development. However, new investors should be aware that the fund’s performance can be affected by fluctuations in commodity prices and economic cycles.
How much will it cost me?The iShares Global Materials ETF (MXI) has an expense ratio of 0.39%, which means you’ll pay $3.90 per year for every $1,000 invested. This is slightly higher than average for ETFs because it is focused on a specific sector and offers global exposure, which typically requires more active management. Overall, it’s a reasonable cost for the targeted diversification it provides.
What would affect this ETF?The iShares Global Materials ETF (MXI) could benefit from increased global infrastructure development and the growing demand for sustainable materials, which align with the fund's focus on companies like Linde and BHP Group. However, it may face challenges from fluctuating commodity prices, regulatory changes in mining and chemicals, and economic slowdowns that impact industrial activity. Its global exposure helps mitigate risks tied to specific regions but also makes it sensitive to worldwide economic conditions.
MXI Top 10 Holdings
The iShares Global Materials ETF (MXI) is heavily concentrated in the materials sector, with global giants like BHP Group and Rio Tinto driving performance thanks to rising demand for metals and strong financial results. Newmont Mining and Barrick Mining are also shining, buoyed by bullish momentum and strategic initiatives. However, stocks like Sherwin-Williams and Air Liquide are lagging, weighed down by bearish trends and valuation concerns. With its global exposure and focus on industrial essentials, MXI offers a compelling play on infrastructure growth, though some holdings may need to regain their footing to sustain momentum.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| Linde | 7.10% | $20.33M | $205.45B | 2.80% | 66 Neutral | |
| BHP Group Ltd | 5.76% | $16.49M | AU$244.34B | 30.02% | 68 Neutral | |
| Newmont Mining | 4.30% | $12.33M | $124.57B | 175.92% | 81 Outperform | |
| Air Liquide | 3.76% | $10.76M | €93.41B | 0.39% | 66 Neutral | |
| Agnico Eagle | 3.42% | $9.81M | C$137.43B | 133.91% | 80 Outperform | |
| Rio Tinto | 3.17% | $9.07M | £106.71B | 28.80% | 82 Outperform | |
| Freeport-McMoRan | 2.99% | $8.57M | $86.66B | 50.76% | 67 Neutral | |
| Barrick Mining | 2.91% | $8.33M | C$117.01B | 215.34% | 80 Outperform | |
| Sherwin-Williams Company | 2.83% | $8.09M | $87.84B | 2.14% | 66 Neutral | |
| CRH plc | 2.82% | $8.09M | £60.72B | 18.40% | 76 Outperform |
MXI Technical Analysis
Positive
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Price Trends
94.32
Positive
92.47
Positive
87.74
Positive
Market Momentum
2.50
Negative
77.15
Negative
95.59
Negative
Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For MXI, the sentiment is Positive. The current price of undefined is equal to the 20-day moving average (MA) of 98.83, equal to the 50-day MA of 94.32, and equal to the 200-day MA of 87.74, indicating a bullish trend. The MACD of 2.50 indicates Negative momentum. The RSI at 77.15 is Negative, neither overbought nor oversold. The STOCH value of 95.59 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for MXI.
MXI Peer Comparison
Comparison Results
Performance Comparison
MXI
iShares Global Materials ETF
104.36
26.17
33.47%
SLVP
iShares MSCI Global Silver Miners ETF
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SGDM
Sprott Gold Miners ETF
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SGDJ
Sprott Junior Gold Miners ETF
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GOAU
U.S. Global GO GOLD and Precious Metal Miners ETF
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GBUG
Sprott Active Gold & Silver Miners ETF
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Glossary
BuyAn ETF rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF is likely to deliver higher returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldAn ETF rated as a "Hold" s expected to perform in line with the overall market or a specific benchmark. This rating indicates that the ETF is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellAn ETF rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF may deliver lower returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst ETF Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in ETFs carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: ―
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