iShares Global Materials ETF
MXI - ETF AI Analysis
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iShares Global Materials ETF (MXI)
MXI, the iShares Global Materials ETF, has a solid overall rating driven largely by strong, well-managed materials companies like Newmont Mining and Rio Tinto, which combine healthy profitability, efficient operations, and supportive technical trends to boost the fund’s quality. However, some holdings such as Air Products and Sherwin-Williams face financial or technical challenges and valuation concerns, which slightly weigh on the ETF’s appeal. The main risk factor is the fund’s concentration in the global materials sector, meaning its performance is closely tied to commodity cycles and broader economic conditions affecting industrial demand.
MXI vs. SPDR S&P 500 ETF (SPY)
- AUM
- 404.53M
- Region
- Global
- Expense Ratio
- 0.37%
- Beta
- 0.87
- Issuer
- iShares
- Inception Date
- Sep 12, 2006
- Dividend Yield
- 1.67%
- Asset Class
- Equity
- Index Tracked
- S&P Global 1200 Materials Sector Capped Index - USD - Benchmark TR Net
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 forestry products. It holds well-known names such as Linde and BHP Group, and invests across many countries including the U.S., Australia, and Canada. Someone might consider MXI to diversify their portfolio and potentially benefit from global building, infrastructure projects, and demand for materials over time. A key risk is that 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?
This ETF has an expense ratio of 0.37%, which means you’ll pay about $3.70 per year for every $1,000 invested. That cost is a bit higher than the cheapest broad market index ETFs, but it’s fairly typical for a specialized, passively managed sector fund like this one.
What would affect this ETF?
MXI could benefit if global economic growth, infrastructure spending, and demand for metals and chemicals rise, supporting its materials-focused holdings like Linde, BHP, and Rio Tinto across multiple regions. On the downside, slower growth in major economies, falling commodity prices, stricter environmental regulations on mining and chemicals, or higher interest rates that pressure industrial activity could hurt the ETF’s performance.
MXI Top 10 Holdings
MXI is essentially a global bet on the materials backbone of the economy, with gas giant Linde and industrial gases peer Air Liquide quietly rising and helping to steady returns. Gold producers like Newmont and Agnico Eagle have been bright spots lately, giving the fund some shine, while copper-focused Freeport-McMoRan has been more mixed. On the other side, mining heavyweights BHP and Rio Tinto have been lagging, acting as a bit of a weight. Overall, it’s a globally diversified, materials-heavy portfolio with meaningful exposure to metals, chemicals, and mining names.
| Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
 LIN | Linde | 7.89% | $32.07M | $239.54B | 23.41% | 66Neutral |
 AU:BHP | BHP Group Ltd | 6.78% | $27.53M | AUD 304.35B | 41.13% | 68Neutral |
 FR:AI | Air Liquide | 4.43% | $17.99M | EUR 121.23B | 23.18% | 66Neutral |
 NEM | Newmont Mining | 4.06% | $16.49M | $124.66B | 31.71% | 81Outperform |
 AEM | Agnico Eagle | ― | ― | ― | ― | 80Outperform |
 GB:RIO | Rio Tinto | 2.94% | $11.94M | GBP 108.56B | 19.93% | 82Outperform |
 FCX | Freeport-McMoRan | 2.90% | $11.79M | $86.54B | 51.25% | 67Neutral |
 SHW | Sherwin-Williams Company | 2.64% | $10.73M | $85.85B | 3.09% | 66Neutral |
 ECL | Ecolab | 2.53% | $10.27M | $85.83B | 17.48% | 66Neutral |
 APD | Air Products and Chemicals | 2.28% | $9.26M | $69.53B | 20.19% | 46Neutral |
MXI Technical Analysis
Price Trends
Market Momentum
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 109.60 is above the 20-day moving average (MA) of 108.13, above the 50-day MA of 109.36, and above the 200-day MA of 109.03, indicating a bullish trend. The MACD of 0.03 indicates Negative momentum. The RSI at 53.09 is Neutral, neither overbought nor oversold. The STOCH value of 74.61 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
| Name | Price | Price Target | AUM | Expense Ratio | Overall Rating |
|---|---|---|---|---|---|
| MXI | $109.60 | $114.00(4.01% Upside) | $404.53M | 0.37% | 65Neutral |
 SLVP | $31.27 | $43.87(40.29% Upside) | $791.35M | 0.39% | 59Neutral |
 SGDM | $72.14 | $93.55(29.68% Upside) | $671.49M | 0.46% | 70Outperform |
 COPP | $36.75 | $46.46(26.42% Upside) | $246.78M | 0.66% | 55Neutral |
 GOAU | $42.00 | $55.69(32.60% Upside) | $199.49M | 0.60% | 70Outperform |
 GBUG | $43.83 | $61.14(39.49% Upside) | $171.29M | 0.90% | 62Neutral |
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| MXI | iShares Global Materials ETF | 109.60 | 19.01 | 20.99% | |
| SLVP | iShares MSCI Global Silver Miners ETF | 31.27 | 3.97 | 14.55% | |
| SGDM | Sprott Gold Miners ETF | 72.14 | 9.60 | 15.35% | |
| COPP | Sprott Copper Miners ETF | 36.75 | 8.21 | 28.76% | |
| GOAU | U.S. Global GO GOLD and Precious Metal Miners ETF | 42.00 | 3.23 | 8.33% | |
| GBUG | Sprott Active Gold & Silver Miners ETF | 43.83 | 6.15 | 16.32% |
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.