Education
About Us
Working with TipRanks
Follow Us
MXI - ETF AI Analysis
Top Page
iShares Global Materials ETF (MXI)
Rating:67Neutral
Price Target:―
Positive Factors
Strong Recent Performance
The ETF has shown solid gains over the past month, three months, and year to date, indicating positive recent momentum.
Leading Materials Companies
Many of the top holdings, including major mining and materials names, have delivered strong year-to-date results that support the fund’s overall performance.
Global Materials Exposure
The fund holds materials companies from several major markets such as the U.S., UK, Japan, and others, giving investors broad international exposure within the sector.
Negative Factors
Sector Concentration Risk
With the vast majority of assets in the materials sector, the ETF is highly sensitive to swings in commodity prices and global economic cycles.
Moderate Fee Level
The expense ratio is not especially low for a passive ETF, meaning costs may weigh slightly more on long-term returns compared with cheaper alternatives.
Mixed Performance Among Top Holdings
A few significant positions have shown weak or negative year-to-date performance, which can offset gains from stronger holdings and add volatility.
MXI vs. SPDR S&P 500 ETF (SPY)
AUM355.91M
RegionGlobal
Expense Ratio0.39%
Beta0.84
IssueriShares
Inception DateSep 12, 2006
Dividend Yield2.07%
Asset ClassEquity
Index TrackedS&P Global 1200 / Materials -SEC
Share Statistics
EPS (TTM)N/A
Shares OutstandingN/A
10 Day Avg. Volume32,474
30 Day Avg. Volume37,339
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
119.32Price 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) tracks the S&P Global 1200 Materials 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 Sherwin-Williams, and invests in firms from the U.S., U.K., Japan, and other major markets. Someone might consider MXI to add global diversification and gain from long-term demand for infrastructure, construction, and industrial growth. A key risk is that materials stocks can be very sensitive to the global economy and commodity prices, so the ETF can rise and fall sharply.
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 industrial gas giants Linde and Air Liquide providing steady lift even as their rich valuations hint they could tire. The real spark comes from miners: BHP, Rio Tinto, and Freeport-McMoRan have been rising on the back of strong demand and solid balance sheets, while gold names like Newmont and Agnico Eagle add a shiny boost after a strong run. Offsetting that, CRH looks more mixed and Barrick has recently been lagging. Overall, it’s a globally diversified but materials-heavy bet, anchored in mining and chemicals.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| Linde | 8.03% | $27.82M | $228.88B | 8.43% | 66 Neutral | |
| BHP Group Ltd | 6.09% | $21.10M | AU$252.89B | 39.53% | 68 Neutral | |
| Newmont Mining | 4.16% | $14.43M | $119.21B | 136.98% | 81 Outperform | |
| Air Liquide | 3.92% | $13.59M | €98.78B | -5.14% | 66 Neutral | |
| Agnico Eagle | 3.63% | $12.59M | $104.18B | 100.33% | 80 Outperform | |
| Rio Tinto | 3.25% | $11.27M | £114.66B | 38.34% | 82 Outperform | |
| Freeport-McMoRan | 2.82% | $9.77M | $81.03B | 45.12% | 67 Neutral | |
| Shin-Etsu Chemical Co | 2.79% | $9.66M | ¥12.89T | 42.37% | 69 Neutral | |
| Sherwin-Williams Company | 2.57% | $8.89M | $79.23B | -6.44% | 66 Neutral | |
| Barrick Mining | 2.48% | $8.61M | $71.01B | 125.45% | 80 Outperform |
MXI Technical Analysis
Neutral
―
Price Trends
107.96
Negative
100.14
Positive
93.81
Positive
Market Momentum
-0.82
Positive
33.76
Neutral
18.99
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 111.22, equal to the 50-day MA of 107.96, and equal to the 200-day MA of 93.81, indicating a neutral trend. The MACD of -0.82 indicates Positive momentum. The RSI at 33.76 is Neutral, neither overbought nor oversold. The STOCH value of 18.99 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
105.13
22.27
26.88%
SGDM
Sprott Gold Miners ETF
―
―
―
SGDJ
Sprott Junior Gold Miners ETF
―
―
―
COPP
Sprott Copper Miners ETF
―
―
―
GOAU
U.S. Global GO GOLD and Precious Metal Miners ETF
―
―
―
GBUG
Sprott Active Gold & Silver Miners ETF
―
―
―
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: ―
Table of Contents