- ISIN
- US4642886950
- CUSIP
- 464288695
- Issuer
- iShares
- Inception Date
- Sep 21, 2006
- Region
- Developed Markets (Broad)
- Category
- Materials
- Leveraged
- 1x (No leverage)
- Index Tracked
- S&P Global Materials Index
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $358M
Share Price Chart
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Performance
MXI Performance Chart
iShares Global Materials ETF (MXI) is up 14.6% since the beginning of the year. MXI is currently trading at $110 per share. Investors who bought $1,000 worth of MXI shares 5 years ago would now be looking at an investment worth $1,425.
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Returns By Period
iShares Global Materials ETF (MXI) has returned 14.55% so far this year and 34.71% over the past 12 months. Over the last ten years, MXI has returned 11.67% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
iShares Global Materials ETF
- 1D
- -0.59%
- 1M
- 0.41%
- YTD
- 14.55%
- 6M
- 13.63%
- 1Y
- 34.71%
- 3Y*
- 14.17%
- 5Y*
- 7.34%
- 10Y*
- 11.67%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
MXI Monthly Returns History
Based on dividend-adjusted daily data since Sep 22, 2006, MXI's average daily return is +0.04%, while the average monthly return is +0.74%. At this rate, an investment would double in approximately 7.8 years.
Historically, 57% of months were positive and 43% were negative. The best month was May 2009 with a return of +16.4%, while the worst month was Oct 2008 at -25.6%. The longest winning streak lasted 11 consecutive months, and the longest losing streak was 6 months.
On a daily basis, MXI closed higher 52% of trading days. The best single day was Oct 13, 2008 with a return of +16.4%, while the worst single day was Oct 15, 2008 at -13.1%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 9.07% | 10.56% | -8.85% | 3.72% | 2.62% | -2.08% | 14.55% | ||||||
| 2025 | 4.86% | 0.91% | -0.60% | 0.44% | 3.51% | 2.30% | -1.43% | 6.94% | 2.64% | -2.49% | 3.97% | 3.85% | 27.43% |
| 2024 | -5.56% | 2.32% | 6.06% | -2.95% | 3.33% | -4.03% | 3.06% | 1.60% | 4.86% | -5.96% | -1.58% | -8.47% | -8.25% |
| 2023 | 11.01% | -6.05% | 1.99% | -0.73% | -6.93% | 7.72% | 4.92% | -4.81% | -3.98% | -3.17% | 9.03% | 6.71% | 14.37% |
| 2022 | -3.21% | 1.59% | 5.65% | -6.48% | 1.72% | -15.20% | 3.68% | -3.92% | -7.82% | 5.66% | 16.11% | -3.71% | -9.09% |
| 2021 | -1.13% | 3.83% | 3.83% | 5.43% | 4.37% | -3.64% | 2.32% | -0.88% | -7.63% | 4.26% | -2.15% | 6.54% | 15.06% |
Benchmark Metrics
iShares Global Materials ETF has an annualized alpha of -1.93%, beta of 1.09, and R2 of 0.69 versus S&P 500 Index. Calculated based on daily prices since September 22, 2006.
- This ETF participated in 113.47% of S&P 500 Index downside but only 102.97% of its upside - more exposed to losses than it benefited from rallies.
- With beta of 1.09 and R2 of 0.69, this ETF moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- -1.93%
- Beta
- 1.09
- R²
- 0.69
- Upside Capture
- 102.97%
- Downside Capture
- 113.47%
Expense Ratio
MXI has an expense ratio of 0.46%, placing it in the medium range.
Return for Risk
Risk / Return Rank
MXI ranks 48 for risk / return — on par with similar ETFs. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for iShares Global Materials ETF (MXI) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| MXI | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.33 | ||
| Sortino ratioReturn per unit of downside risk | -0.53 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.37 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.15 | 2.78 | -0.63 |
| Martin ratioReturn relative to average drawdown | 8.36 | 12.44 | -4.08 |
Dividends
Dividend History
iShares Global Materials ETF provided a 1.67% dividend yield over the last twelve months, with an annual payout of $1.83 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.83 | $2.14 | $2.52 | $2.55 | $3.80 | $3.17 | $0.99 | $2.46 | $1.59 | $1.23 | $0.72 | $1.64 |
Dividend yield | 1.67% | 2.22% | 3.24% | 2.92% | 4.84% | 3.51% | 1.21% | 3.64% | 2.77% | 1.76% | 1.31% | 3.64% |
Monthly Dividends
The table displays the monthly dividend distributions for iShares Global Materials ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.13 | $1.13 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.44 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.71 | $2.14 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.16 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.36 | $2.52 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.39 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.16 | $2.55 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.26 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.54 | $3.80 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.11 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.07 | $3.17 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the iShares Global Materials ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the iShares Global Materials ETF was 68.44%, occurring on Nov 20, 2008. Recovery took 2301 trading sessions.
The current iShares Global Materials ETF drawdown is 5.01%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -68.44%Nov 2008 | 6mo 4d | 9y 1mo | 9y 7moMay 2008 - Jan 2018 |
COVID crash2020 | -39.52%Mar 2020 | 2y 1mo | 4mo 27d | 2y 6moJan 2018 - Aug 2020 |
Bear market2022 | -28.76%Sep 2022 | 5mo 25d | 1y 5mo | 1y 11moApr 2022 - Mar 2024 |
2025 selloff2025 | -22.25%Apr 2025 | 6mo 13d | 5mo | 11mo 13dSep 2024 - Sep 2025 |
Financial crisis2007–2009 | -18.11%Jan 2008 | 2mo 25d | 2mo 24d | 5mo 19dOct 2007 - Apr 2008 |
Drawdown Indicators
| MXI | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.44% | -56.78% | -11.66% |
Max Drawdown (1Y)Largest decline over 1 year | -16.18% | -9.10% | -7.08% |
Max Drawdown (3Y)Largest decline over 3 years | -22.25% | -18.90% | -3.35% |
Max Drawdown (5Y)Largest decline over 5 years | -28.76% | -25.43% | -3.33% |
Max Drawdown (10Y)Largest decline over 10 years | -39.52% | -33.92% | -5.60% |
Current DrawdownCurrent decline from peak | -5.01% | -1.80% | -3.21% |
Average DrawdownAverage peak-to-trough decline | -18.03% | -10.71% | -7.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.16% | 2.03% | +2.13% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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