MXI - ETF AI Analysis
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iShares Global Materials ETF (MXI)
Rating:67Neutral
Price Target:―
Positive Factors
Strong Recent Performance
The ETF has shown strong gains so far this year and in recent months, indicating positive momentum in its holdings.
Leading Materials Companies in Top Holdings
Many of the largest positions, such as major chemical and mining firms, have delivered strong year-to-date results, helping drive the fund’s returns.
Global Diversification Within Materials
Holdings spread across the U.S., Europe, Asia, and Australia help reduce the impact of weakness in any single country.
Negative Factors
Sector Concentration in Materials
The fund is heavily focused on the materials sector, which can make it more sensitive to commodity price swings and economic cycles.
Moderate Expense Ratio
The fund’s fees are not especially low, which slightly reduces the net return investors keep over time.
Meaningful Exposure to a Few Large Positions
A small group of top holdings makes up a sizable share of the portfolio, increasing the impact if any of these companies perform poorly.
MXI vs. SPDR S&P 500 ETF (SPY)
AUM328.95M
RegionGlobal
Expense Ratio0.39%
Beta0.85
IssueriShares
Inception DateSep 12, 2006
Dividend Yield2%
Asset ClassEquity
Index TrackedS&P Global 1200 Materials Sector Capped Index - USD - Benchmark TR Net
Share Statistics
EPS (TTM)N/A
Shares OutstandingN/A
10 Day Avg. Volume37,866
30 Day Avg. Volume37,662
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
123.47Price Target Upside― Downside
Rating ConsensusModerate Buy
Number of Analyst Covering86
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
MXI Summary
The iShares Global Materials ETF (MXI) tracks the S&P Global 1200 Materials Sector Index, focusing on companies that mine, process, and produce raw materials like metals, chemicals, and building products. It holds well-known names such as BHP Group and Rio Tinto, and invests across many countries, with about half in the U.S. Investors might consider MXI to add global diversification and to benefit from long-term demand for infrastructure, construction, and industrial growth. However, it is heavily tied to the materials sector, so its price can swing with commodity prices and global 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
MXI is riding a global materials wave, with gas giant Linde and industrial gas peer Air Liquide providing steady leadership, while mining heavyweights BHP and Rio Tinto add more cyclical punch as they climb on improving commodity sentiment. Copper-focused Freeport-McMoRan has been one of the fund’s real engines lately, giving returns an extra kick. On the flip side, building-materials name CRH and paint maker Sherwin-Williams look a bit tired, softening the overall picture. The portfolio is tightly tied to the global materials story, spread across the U.S., Europe, and key Asia-Pacific markets.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| Linde | 7.42% | $24.98M | $234.13B | 10.98% | 66 Neutral | |
| BHP Group Ltd | 7.06% | $23.77M | AU$307.18B | 76.44% | 68 Neutral | |
| Newmont Mining | 4.12% | $13.87M | $116.43B | 115.69% | 81 Outperform | |
| Air Liquide | 3.78% | $12.71M | €101.76B | -5.74% | 66 Neutral | |
| Rio Tinto | 3.70% | $12.44M | £134.45B | 66.32% | 82 Outperform | |
| Agnico Eagle | 3.12% | $10.49M | $90.30B | 65.60% | 80 Outperform | |
| Freeport-McMoRan | 2.99% | $10.08M | $90.58B | 55.93% | 67 Neutral | |
| Shin-Etsu Chemical Co | 2.98% | $10.02M | ¥14.02T | 29.50% | 69 Neutral | |
| Barrick Mining | 2.42% | $8.16M | $68.02B | 123.08% | 80 Outperform | |
| CRH plc | 2.35% | $7.93M | ― | ― | 76 Outperform |
MXI Technical Analysis
Neutral
―
Price Trends
108.55
Negative
107.93
Negative
99.27
Positive
Market Momentum
0.26
Positive
41.54
Neutral
9.87
Positive
Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For MXI, the sentiment is Neutral. The current price of undefined is equal to the 20-day moving average (MA) of 110.94, equal to the 50-day MA of 108.55, and equal to the 200-day MA of 99.27, indicating a neutral trend. The MACD of 0.26 indicates Positive momentum. The RSI at 41.54 is Neutral, neither overbought nor oversold. The STOCH value of 9.87 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for MXI.
MXI Peer Comparison
Comparison Results
Performance Comparison
MXI
iShares Global Materials ETF
107.26
24.73
29.96%
SGDM
Sprott Gold Miners ETF
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―
―
ICOP
iShares Copper and Metals Mining ETF
―
―
―
COPP
Sprott Copper Miners ETF
―
―
―
GOAU
U.S. Global GO GOLD and Precious Metal Miners ETF
―
―
―
GBUG
Sprott Active Gold & Silver Miners ETF
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―
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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.
DisclaimerThis 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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