MXI vs. FXAIX
Compare and contrast key facts about iShares Global Materials ETF (MXI) and Fidelity 500 Index Fund (FXAIX).
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. FXAIX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MXI or FXAIX.
Correlation
The correlation between MXI and FXAIX is 0.76, 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.
Performance
MXI vs. FXAIX - Performance Comparison
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Key characteristics
MXI:
-0.26
FXAIX:
0.52
MXI:
-0.20
FXAIX:
0.88
MXI:
0.98
FXAIX:
1.13
MXI:
-0.20
FXAIX:
0.56
MXI:
-0.49
FXAIX:
2.18
MXI:
8.80%
FXAIX:
4.85%
MXI:
19.22%
FXAIX:
19.47%
MXI:
-68.44%
FXAIX:
-33.79%
MXI:
-9.94%
FXAIX:
-7.66%
Returns By Period
In the year-to-date period, MXI achieves a 6.78% return, which is significantly higher than FXAIX's -3.38% return. Over the past 10 years, MXI has underperformed FXAIX with an annualized return of 6.17%, while FXAIX has yielded a comparatively higher 12.44% annualized return.
MXI
6.78%
9.16%
-3.83%
-4.90%
11.54%
6.17%
FXAIX
-3.38%
7.51%
-5.01%
9.78%
15.87%
12.44%
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MXI vs. FXAIX - Expense Ratio Comparison
MXI has a 0.46% expense ratio, which is higher than FXAIX's 0.02% expense ratio.
Risk-Adjusted Performance
MXI vs. FXAIX — Risk-Adjusted Performance Rank
MXI
FXAIX
MXI vs. FXAIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global Materials ETF (MXI) and Fidelity 500 Index Fund (FXAIX). 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.
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Dividends
MXI vs. FXAIX - Dividend Comparison
MXI's dividend yield for the trailing twelve months is around 3.04%, more than FXAIX's 1.32% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MXI iShares Global Materials ETF | 3.04% | 3.24% | 2.92% | 4.84% | 3.51% | 1.21% | 3.64% | 2.77% | 1.76% | 1.31% | 3.64% | 2.33% |
FXAIX Fidelity 500 Index Fund | 1.32% | 1.25% | 1.45% | 1.69% | 1.22% | 1.60% | 2.06% | 2.72% | 1.97% | 2.52% | 2.83% | 2.63% |
Drawdowns
MXI vs. FXAIX - Drawdown Comparison
The maximum MXI drawdown since its inception was -68.44%, which is greater than FXAIX's maximum drawdown of -33.79%. Use the drawdown chart below to compare losses from any high point for MXI and FXAIX. For additional features, visit the drawdowns tool.
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Volatility
MXI vs. FXAIX - Volatility Comparison
The current volatility for iShares Global Materials ETF (MXI) is 5.62%, while Fidelity 500 Index Fund (FXAIX) has a volatility of 6.81%. This indicates that MXI experiences smaller price fluctuations and is considered to be less risky than FXAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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