MXI vs. EART
MXI (iShares Global Materials ETF) and EART (Global X Rare Earth & Critical Materials ETF) are both exchange-traded funds - MXI is a Materials fund tracking the S&P Global Materials Index, while EART is a Rare Earth & Strategic Metals fund tracking the Solactive Rare Earth & Critical Materials Index. Both are passively managed. Over the past 3 years, MXI returned 10.42%/yr vs 14.34%/yr for EART. Their 0.78 correlation means they have sometimes moved together and sometimes differently. MXI charges 0.46%/yr vs 0.59%/yr for EART.
Performance
MXI vs. EART - Performance Comparison
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Returns By Period
In the year-to-date period, MXI achieves a 10.45% return, which is significantly higher than EART's -1.67% return.
MXI
- 1D
- -2.15%
- 1M
- -1.96%
- 6M
- 1.26%
- YTD
- 10.45%
- 1Y
- 28.15%
- 3Y*
- 10.42%
- 5Y*
- 5.97%
- 10Y*
- 10.43%
- ALL TIME*
- 6.38%
EART
- 1D
- -0.20%
- 1M
- -5.56%
- 6M
- -13.83%
- YTD
- -1.67%
- 1Y
- 52.96%
- 3Y*
- 14.34%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 3.99%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $439.93K | $546.94K | $580.35K | |
| $1.58M | $1.75M | $2.67M |
MXI vs. EART - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
MXI iShares Global Materials ETF | 10.45% | 27.43% | -8.25% | 14.37% | -5.76% |
EART Global X Rare Earth & Critical Materials ETF | -1.67% | 98.48% | -7.19% | -19.75% | -17.92% |
Correlation
The correlation between MXI and EART is 0.78, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.78 |
Correlation (3Y) Balances recent behavior with more history. | 0.75 |
Correlation (All Time) Calculated using the full available price history since Jan 26, 2022 | 0.78 |
The correlation between MXI and EART has been stable across timeframes, ranging from 0.75 to 0.78 - a consistent structural relationship.
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Return for Risk
MXI vs. EART — Risk / Return Rank
MXI
EART
MXI vs. EART - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global Materials ETF (MXI) and Global X Rare Earth & Critical Materials ETF (EART). 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.
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 | EART | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.01 | ||
| Sortino ratioReturn per unit of downside risk | 0.00 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.23 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.72 | 1.80 | -0.08 |
| Martin ratioReturn relative to average drawdown | 5.64 | 4.42 | +1.22 |
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Drawdowns
MXI vs. EART - Drawdown Comparison
The maximum MXI drawdown since its inception was -68.44%, which is greater than EART's maximum drawdown of -53.68%. Use the drawdown chart below to compare losses from any high point for MXI and EART.
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Drawdown Indicators
| MXI | EART | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.44% | -53.68% | -14.76% |
Max Drawdown (1Y)Largest decline over 1 year | -16.18% | -29.83% | +13.65% |
Max Drawdown (3Y)Largest decline over 3 years | -22.25% | -33.15% | +10.90% |
Max Drawdown (5Y)Largest decline over 5 years | -28.76% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -39.52% | — | — |
Current DrawdownCurrent decline from peak | -8.41% | -25.51% | +17.10% |
Average DrawdownAverage peak-to-trough decline | -17.98% | -28.88% | +10.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.91% | 12.12% | -7.21% |
Volatility
MXI vs. EART - Volatility Comparison
The current volatility for iShares Global Materials ETF (MXI) is 6.48%, while Global X Rare Earth & Critical Materials ETF (EART) has a volatility of 10.78%. This indicates that MXI experiences smaller price fluctuations and is considered to be less risky than EART based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MXI | EART | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.48% | 10.78% | -4.30% |
Volatility (6M)Calculated over the trailing 6-month period | 18.38% | 33.17% | -14.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.95% | 40.21% | -19.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.92% | 34.26% | -14.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.42% | 34.26% | -13.84% |
MXI vs. EART - Expense Ratio Comparison
MXI has a 0.46% expense ratio, which is lower than EART's 0.59% expense ratio.
Dividends
MXI vs. EART - Dividend Comparison
MXI's dividend yield for the trailing twelve months is around 1.73%, more than EART's 0.69% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EART Global X Rare Earth & Critical Materials ETF | 0.69% | 0.65% | 1.06% | 1.83% | 2.04% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
MXI iShares Global Materials ETF | 1.73% | 2.22% | 3.24% | 2.92% | 4.84% | 3.51% | 1.21% | 3.64% | 2.77% | 1.76% | 1.31% | 3.64% |
Frequently Asked Questions
MXI and EART have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EART has higher volatility (10.78%) compared to MXI (6.48%). In terms of maximum drawdown, MXI dropped -68.44% vs EART's -53.68%.
On 3-year performance, EART leads with 14.34% vs 10.42% for MXI. On fees, MXI is cheaper at 0.46% per year. On volatility, MXI has been the lower-risk option at 6.48%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, EART has performed better with a 14.34% return vs 10.42%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
MXI is cheaper with a 0.46% expense ratio, compared with 0.59% for EART.
MXI has the higher dividend yield at 1.73%, compared with 0.69% for EART.
MXI is categorized as Materials, while EART is Rare Earth & Strategic Metals. MXI tracks S&P Global Materials Index, while EART tracks Solactive Rare Earth & Critical Materials Index. They also come from different issuers: iShares and Global X. Their fees differ too: 0.46% for MXI and 0.59% for EART.
EART currently has the higher Sharpe Ratio (1.34 vs 1.33), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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