MXI vs. FSDPX

Last updated Jun 4, 2026

MXI (iShares Global Materials ETF) and FSDPX (Fidelity Select Materials Portfolio) are both funds - MXI is a Materials fund tracking the S&P Global Materials Index, while FSDPX is a Energy Equities fund managed by Fidelity. Over the past 10 years, MXI returned 11.53%/yr vs 8.34%/yr for FSDPX. Their correlation of 0.89 suggests significant overlap in exposure. MXI charges 0.46%/yr vs 0.74%/yr for FSDPX.

Performance

MXI vs. FSDPX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Global Materials ETF (MXI) and Fidelity Select Materials Portfolio (FSDPX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with MXI having a 17.06% return and FSDPX slightly lower at 16.72%. Over the past 10 years, MXI has outperformed FSDPX with an annualized return of 11.53%, while FSDPX has yielded a comparatively lower 8.34% annualized return.

MXI

• 1D: -0.94%
• 1M: 5.12%
• YTD: 17.06%
• 6M: 21.02%
• 1Y: 35.35%
• 3Y*: 14.96%
• 5Y*: 6.64%
• 10Y*: 11.53%

FSDPX

• 1D: 1.57%
• 1M: 2.85%
• YTD: 16.72%
• 6M: 19.75%
• 1Y: 22.77%
• 3Y*: 10.15%
• 5Y*: 5.37%
• 10Y*: 8.34%

*Multi-year figures are annualized to reflect compound growth (CAGR)

MXI vs. FSDPX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MXI iShares Global Materials ETF	17.06%	27.43%	-8.25%	14.37%	-9.09%	15.06%	22.31%	22.19%	-16.06%	30.33%
FSDPX Fidelity Select Materials Portfolio	16.72%	11.32%	-2.95%	7.29%	-9.86%	31.66%	21.78%	12.40%	-23.74%	25.99%

Correlation

The correlation between MXI and FSDPX is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.91
Correlation (3Y) Calculated over the trailing 3-year period	0.89
Correlation (5Y) Calculated over the trailing 5-year period	0.91
Correlation (10Y) Calculated over the trailing 10-year period	0.89
Correlation (All Time) Calculated using the full available price history since Sep 25, 2006	0.89

The correlation between MXI and FSDPX has been stable across timeframes, ranging from 0.89 to 0.91 - a consistent structural relationship.

Return for Risk

MXI vs. FSDPX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MXI

MXI Risk / Return Rank: 49
MXI Sharpe Ratio Rank: 53
MXI Sortino Ratio Rank: 47
MXI Omega Ratio Rank: 50
MXI Calmar Ratio Rank: 44
MXI Martin Ratio Rank: 52

FSDPX

FSDPX Risk / Return Rank: 23
FSDPX Sharpe Ratio Rank: 23
FSDPX Sortino Ratio Rank: 21
FSDPX Omega Ratio Rank: 21
FSDPX Calmar Ratio Rank: 27
FSDPX Martin Ratio Rank: 25

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

MXI vs. FSDPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Global Materials ETF (MXI) and Fidelity Select Materials Portfolio (FSDPX). 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.

	MXI	FSDPX	Difference
Sharpe ratio: Return per unit of total volatility	1.83	1.37	+0.45
Sortino ratio: Return per unit of downside risk	2.37	1.93	+0.44
Omega ratio: Gain probability vs. loss probability	1.32	1.24	+0.08
Calmar ratio: Return relative to maximum drawdown	2.19	1.95	+0.24
Martin ratio: Return relative to average drawdown	8.85	6.20	+2.65
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MXI vs. FSDPX - Sharpe Ratio Comparison

The current MXI Sharpe Ratio is 1.83, which is higher than the FSDPX Sharpe Ratio of 1.37. The chart below compares the historical Sharpe Ratios of MXI and FSDPX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	MXI	FSDPX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.83	1.37	+0.45
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.34	0.27	+0.07
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.57	0.39	+0.18
Sharpe Ratio (All Time) Calculated using the full available price history	0.26	0.43	-0.16

Drawdowns

MXI vs. FSDPX - Drawdown Comparison

The maximum MXI drawdown since its inception was -68.44%, which is greater than FSDPX's maximum drawdown of -64.19%. Use the drawdown chart below to compare losses from any high point for MXI and FSDPX.

Drawdown Indicators

	MXI	FSDPX	Difference
Max Drawdown Largest peak-to-trough decline	-68.44%	-64.19%	-4.25%
Max Drawdown (1Y) Largest decline over 1 year	-16.18%	-12.16%	-4.02%
Max Drawdown (3Y) Largest decline over 3 years	-22.25%	-22.13%	-0.12%
Max Drawdown (5Y) Largest decline over 5 years	-28.76%	-25.39%	-3.37%
Max Drawdown (10Y) Largest decline over 10 years	-39.52%	-49.89%	+10.37%
Current Drawdown Current decline from peak	-2.92%	-1.61%	-1.31%
Average Drawdown Average peak-to-trough decline	-18.07%	-11.30%	-6.77%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.00%	3.81%	+0.19%

Volatility

MXI vs. FSDPX - Volatility Comparison

iShares Global Materials ETF (MXI) has a higher volatility of 7.26% compared to Fidelity Select Materials Portfolio (FSDPX) at 6.36%. This indicates that MXI's price experiences larger fluctuations and is considered to be riskier than FSDPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MXI	FSDPX	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.26%	6.36%	+0.90%
Volatility (6M) Calculated over the trailing 6-month period	16.51%	13.96%	+2.55%
Volatility (1Y) Calculated over the trailing 1-year period	19.44%	17.30%	+2.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.67%	20.31%	-0.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.43%	21.70%	-1.27%

MXI vs. FSDPX - Expense Ratio Comparison

MXI has a 0.46% expense ratio, which is lower than FSDPX's 0.74% expense ratio.

Dividends

MXI vs. FSDPX - Dividend Comparison

MXI's dividend yield for the trailing twelve months is around 1.90%, less than FSDPX's 4.81% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FSDPX Fidelity Select Materials Portfolio	4.81%	1.94%	12.46%	5.46%	3.34%	0.71%	0.68%	1.22%	12.89%	5.08%	1.05%	2.42%
MXI iShares Global Materials ETF	1.90%	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

Can I hold both MXI and FSDPX in my portfolio?

With a correlation of 0.91, MXI and FSDPX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, MXI or FSDPX?

MXI has higher volatility (7.26%) compared to FSDPX (6.36%). In terms of maximum drawdown, MXI dropped -68.44% vs FSDPX's -64.19%.

Which has better risk-adjusted returns?

MXI currently has the higher Sharpe Ratio (1.83 vs 1.37), 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.