MXI vs. ICBMX
Compare and contrast key facts about iShares Global Materials ETF (MXI) and ICON Natural Resources and Infrastructure Fund (ICBMX).
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. ICBMX is managed by ICON Funds. It was launched on May 4, 1997.
Performance
MXI vs. ICBMX - Performance Comparison
Loading graphics...
MXI vs. ICBMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
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% |
Returns By Period
In the year-to-date period, MXI achieves a 11.75% return, which is significantly lower than ICBMX's 15.65% return. Over the past 10 years, MXI has underperformed ICBMX with an annualized return of 11.59%, while ICBMX has yielded a comparatively higher 13.20% annualized return.
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%
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%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
MXI vs. ICBMX - Expense Ratio Comparison
MXI has a 0.46% expense ratio, which is lower than ICBMX's 1.31% expense ratio.
Return for Risk
MXI vs. ICBMX — Risk / Return Rank
MXI
ICBMX
MXI vs. ICBMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global Materials ETF (MXI) and ICON Natural Resources and Infrastructure Fund (ICBMX). 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 | ICBMX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.64 | 1.72 | -0.07 |
Sortino ratioReturn per unit of downside risk | 2.19 | 2.43 | -0.24 |
Omega ratioGain probability vs. loss probability | 1.31 | 1.32 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | 2.19 | 2.59 | -0.40 |
Martin ratioReturn relative to average drawdown | 9.33 | 11.22 | -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. | |||
Loading graphics...
Sharpe Ratios by Period
| MXI | ICBMX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.64 | 1.72 | -0.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.40 | 0.68 | -0.28 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.57 | 0.59 | -0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.26 | 0.29 | -0.03 |
Correlation
The correlation between MXI and ICBMX 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
MXI vs. ICBMX - Dividend Comparison
MXI's dividend yield for the trailing twelve months is around 1.99%, less than ICBMX's 8.65% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
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% |
Drawdowns
MXI vs. ICBMX - Drawdown Comparison
The maximum MXI drawdown since its inception was -68.44%, which is greater than ICBMX's maximum drawdown of -63.92%. Use the drawdown chart below to compare losses from any high point for MXI and ICBMX.
Loading graphics...
Drawdown Indicators
| MXI | ICBMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.44% | -63.92% | -4.52% |
Max Drawdown (1Y)Largest decline over 1 year | -16.18% | -16.07% | -0.11% |
Max Drawdown (5Y)Largest decline over 5 years | -28.76% | -26.49% | -2.27% |
Max Drawdown (10Y)Largest decline over 10 years | -39.52% | -48.18% | +8.66% |
Current DrawdownCurrent decline from peak | -7.33% | -3.46% | -3.87% |
Average DrawdownAverage peak-to-trough decline | -18.19% | -17.97% | -0.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.79% | 3.71% | +0.08% |
Volatility
MXI vs. ICBMX - Volatility Comparison
iShares Global Materials ETF (MXI) has a higher volatility of 8.48% compared to ICON Natural Resources and Infrastructure Fund (ICBMX) at 6.79%. This indicates that MXI's price experiences larger fluctuations and is considered to be riskier than ICBMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| MXI | ICBMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.48% | 6.79% | +1.69% |
Volatility (6M)Calculated over the trailing 6-month period | 15.20% | 15.91% | -0.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.37% | 25.07% | -3.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.44% | 20.88% | -1.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.37% | 22.29% | -1.92% |