MXI - ETF AI Analysis
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iShares Global Materials ETF (MXI)
Rating:66Neutral
Price Target:―
Positive Factors
Strong Year-To-Date Performance
The ETF has delivered solid gains so far this year, showing that its holdings have generally performed well over this period.
Leading Materials Companies in Top Holdings
Several of the largest positions, such as global chemical and mining leaders, have shown strong recent performance, helping support the fund’s returns.
Global Diversification Within Materials
Exposure to companies across multiple countries, including the U.S., Australia, the UK, Japan, and Europe, helps reduce the impact of problems in any single market.
Negative Factors
Sector Concentration in Materials
Most of the fund is invested in the materials sector, which means performance is heavily tied to commodity prices and economic cycles.
Mixed Performance Among Top Holdings
Some key positions have shown weak or negative recent performance, which can drag on overall returns even when other holdings are doing well.
Moderate Expense Ratio
The fund’s fees are not especially low, so costs may weigh slightly on long-term returns compared with the cheapest ETFs.
MXI vs. SPDR S&P 500 ETF (SPY)
AUM349.12M
RegionGlobal
Expense Ratio0.39%
Beta0.88
IssueriShares
Inception DateSep 12, 2006
Dividend Yield1.73%
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. Volume18,787
30 Day Avg. Volume24,408
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
121.70Price Target Upside― Downside
Rating ConsensusModerate Buy
Number of Analyst Covering89
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 Capped Index, giving you exposure to major materials companies around the world. It holds firms involved in metals, chemicals, and other raw materials that support construction, manufacturing, and everyday products. Well-known holdings include Linde and BHP Group. An investor might choose this ETF to diversify into the materials sector and potentially benefit from global infrastructure growth and industrial demand. A key risk is that materials stocks can be very sensitive to the global economy and commodity prices, so the ETF’s value 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 built around global materials heavyweights, with industrial gas leaders Linde and Air Liquide providing a steady, rising backbone for the fund. Mining giants BHP and Freeport-McMoRan add more punch, benefiting from firm demand for metals, while Rio Tinto has been more mixed, occasionally losing altitude. On the downside, gold-focused names like Newmont and Agnico Eagle have been lagging, acting as a brake on returns. Overall, this is a globally diversified, materials-centric ETF, leaning hard into chemicals and mining rather than broader U.S. equity themes.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| Linde | 7.33% | $25.04M | $221.30B | 2.79% | 66 Neutral | |
| BHP Group Ltd | 7.00% | $23.92M | AU$306.42B | 62.45% | 68 Neutral | |
| Air Liquide | 4.12% | $14.09M | €108.74B | 9.39% | 66 Neutral | |
| Rio Tinto | 3.36% | $11.49M | £123.09B | 57.90% | 82 Outperform | |
| Newmont Mining | 3.36% | $11.48M | $98.74B | 45.78% | 81 Outperform | |
| Freeport-McMoRan | 3.02% | $10.31M | $90.03B | 57.45% | 67 Neutral | |
| Sherwin-Williams Company | 2.68% | $9.16M | $82.74B | 1.83% | 66 Neutral | |
| Agnico Eagle | 2.46% | $8.42M | $73.90B | 12.20% | 80 Outperform | |
| Shin-Etsu Chemical Co | 2.42% | $8.26M | ¥11.45T | 22.35% | 69 Neutral | |
| Ecolab | 2.34% | $7.98M | $78.14B | 5.73% | 66 Neutral |
MXI Technical Analysis
Positive
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Price Trends
107.72
Positive
107.64
Positive
103.26
Positive
Market Momentum
-0.02
Negative
57.73
Neutral
63.80
Neutral
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 105.62, equal to the 50-day MA of 107.72, and equal to the 200-day MA of 103.26, indicating a bullish trend. The MACD of -0.02 indicates Negative momentum. The RSI at 57.73 is Neutral, neither overbought nor oversold. The STOCH value of 63.80 is Neutral, 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
111.79
27.41
32.48%
SLVP
iShares MSCI Global Silver Miners ETF
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SGDM
Sprott Gold Miners ETF
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COPP
Sprott Copper Miners ETF
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SLX
VanEck Steel ETF
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GOAU
U.S. Global GO GOLD and Precious Metal 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.
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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