ICBMX vs. MXI
Compare and contrast key facts about ICON Natural Resources and Infrastructure Fund (ICBMX) and iShares Global Materials ETF (MXI).
ICBMX is managed by ICON Funds. It was launched on May 4, 1997. MXI is a passively managed fund by iShares that tracks the performance of the S&P Global Materials Index. It was launched on Sep 21, 2006.
Performance
ICBMX vs. MXI - Performance Comparison
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ICBMX vs. MXI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ICBMX ICON Natural Resources and Infrastructure Fund | 15.65% | 15.95% | 21.25% | 11.02% | 0.50% | 30.63% | 5.53% | 22.11% | -17.38% | 16.93% |
MXI iShares Global Materials ETF | 11.75% | 27.43% | -8.25% | 14.37% | -9.09% | 15.06% | 22.31% | 22.19% | -16.06% | 30.33% |
Returns By Period
In the year-to-date period, ICBMX achieves a 15.65% return, which is significantly higher than MXI's 11.75% return. Over the past 10 years, ICBMX has outperformed MXI with an annualized return of 13.20%, while MXI has yielded a comparatively lower 11.59% annualized return.
ICBMX
- 1D
- 2.40%
- 1M
- -3.46%
- YTD
- 15.65%
- 6M
- 18.51%
- 1Y
- 42.47%
- 3Y*
- 21.21%
- 5Y*
- 14.05%
- 10Y*
- 13.20%
MXI
- 1D
- 1.67%
- 1M
- -6.80%
- YTD
- 11.75%
- 6M
- 17.94%
- 1Y
- 34.96%
- 3Y*
- 12.00%
- 5Y*
- 7.74%
- 10Y*
- 11.59%
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ICBMX vs. MXI - Expense Ratio Comparison
ICBMX has a 1.31% expense ratio, which is higher than MXI's 0.46% expense ratio.
Return for Risk
ICBMX vs. MXI — Risk / Return Rank
ICBMX
MXI
ICBMX vs. MXI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ICON Natural Resources and Infrastructure Fund (ICBMX) and iShares Global Materials ETF (MXI). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| ICBMX | MXI | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.72 | 1.64 | +0.07 |
Sortino ratioReturn per unit of downside risk | 2.43 | 2.19 | +0.24 |
Omega ratioGain probability vs. loss probability | 1.32 | 1.31 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | 2.59 | 2.19 | +0.40 |
Martin ratioReturn relative to average drawdown | 11.22 | 9.33 | +1.89 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ICBMX | MXI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.72 | 1.64 | +0.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.68 | 0.40 | +0.28 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.59 | 0.57 | +0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.29 | 0.26 | +0.03 |
Correlation
The correlation between ICBMX and MXI is 0.83, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
ICBMX vs. MXI - Dividend Comparison
ICBMX's dividend yield for the trailing twelve months is around 8.65%, more than MXI's 1.99% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ICBMX ICON Natural Resources and Infrastructure Fund | 8.65% | 10.01% | 17.24% | 7.07% | 11.07% | 1.32% | 0.32% | 1.55% | 21.58% | 1.19% | 0.53% | 7.78% |
MXI iShares Global Materials ETF | 1.99% | 2.22% | 3.24% | 2.92% | 4.84% | 3.51% | 1.21% | 3.64% | 2.77% | 1.76% | 1.31% | 3.64% |
Drawdowns
ICBMX vs. MXI - Drawdown Comparison
The maximum ICBMX drawdown since its inception was -63.92%, smaller than the maximum MXI drawdown of -68.44%. Use the drawdown chart below to compare losses from any high point for ICBMX and MXI.
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Drawdown Indicators
| ICBMX | MXI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.92% | -68.44% | +4.52% |
Max Drawdown (1Y)Largest decline over 1 year | -16.07% | -16.18% | +0.11% |
Max Drawdown (5Y)Largest decline over 5 years | -26.49% | -28.76% | +2.27% |
Max Drawdown (10Y)Largest decline over 10 years | -48.18% | -39.52% | -8.66% |
Current DrawdownCurrent decline from peak | -3.46% | -7.33% | +3.87% |
Average DrawdownAverage peak-to-trough decline | -17.97% | -18.19% | +0.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.71% | 3.79% | -0.08% |
Volatility
ICBMX vs. MXI - Volatility Comparison
The current volatility for ICON Natural Resources and Infrastructure Fund (ICBMX) is 6.79%, while iShares Global Materials ETF (MXI) has a volatility of 8.48%. This indicates that ICBMX experiences smaller price fluctuations and is considered to be less risky than MXI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ICBMX | MXI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.79% | 8.48% | -1.69% |
Volatility (6M)Calculated over the trailing 6-month period | 15.91% | 15.20% | +0.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.07% | 21.37% | +3.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.88% | 19.44% | +1.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.29% | 20.37% | +1.92% |