MXI vs. PYZ
Compare and contrast key facts about iShares Global Materials ETF (MXI) and Invesco DWA Basic Materials Momentum ETF (PYZ).
MXI and PYZ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. PYZ is a passively managed fund by Invesco that tracks the performance of the Dynamic Basic Materials Sector Intellidex Index. It was launched on Oct 12, 2006. Both MXI and PYZ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
MXI vs. PYZ - Performance Comparison
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MXI vs. PYZ - 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% |
PYZ Invesco DWA Basic Materials Momentum ETF | 10.78% | 28.01% | 2.54% | 9.56% | -15.45% | 32.68% | 15.39% | 20.66% | -24.33% | 20.01% |
Returns By Period
In the year-to-date period, MXI achieves a 11.75% return, which is significantly higher than PYZ's 10.78% return. Over the past 10 years, MXI has outperformed PYZ with an annualized return of 11.59%, while PYZ has yielded a comparatively lower 10.38% 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%
PYZ
- 1D
- 1.73%
- 1M
- -8.37%
- YTD
- 10.78%
- 6M
- 15.52%
- 1Y
- 44.57%
- 3Y*
- 13.91%
- 5Y*
- 8.90%
- 10Y*
- 10.38%
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MXI vs. PYZ - Expense Ratio Comparison
MXI has a 0.46% expense ratio, which is lower than PYZ's 0.60% expense ratio.
Return for Risk
MXI vs. PYZ — Risk / Return Rank
MXI
PYZ
MXI vs. PYZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global Materials ETF (MXI) and Invesco DWA Basic Materials Momentum ETF (PYZ). 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 | PYZ | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.64 | 1.58 | +0.07 |
Sortino ratioReturn per unit of downside risk | 2.19 | 2.15 | +0.04 |
Omega ratioGain probability vs. loss probability | 1.31 | 1.29 | +0.03 |
Calmar ratioReturn relative to maximum drawdown | 2.19 | 2.52 | -0.34 |
Martin ratioReturn relative to average drawdown | 9.33 | 8.17 | +1.17 |
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
| MXI | PYZ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.64 | 1.58 | +0.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.40 | 0.34 | +0.06 |
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 | 0.36 | -0.10 |
Correlation
The correlation between MXI and PYZ is 0.84, 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. PYZ - Dividend Comparison
MXI's dividend yield for the trailing twelve months is around 1.99%, more than PYZ's 0.56% 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% |
PYZ Invesco DWA Basic Materials Momentum ETF | 0.56% | 0.72% | 1.13% | 1.19% | 1.18% | 0.33% | 1.04% | 1.38% | 1.20% | 0.53% | 1.07% | 1.25% |
Drawdowns
MXI vs. PYZ - Drawdown Comparison
The maximum MXI drawdown since its inception was -68.44%, which is greater than PYZ's maximum drawdown of -65.15%. Use the drawdown chart below to compare losses from any high point for MXI and PYZ.
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Drawdown Indicators
| MXI | PYZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.44% | -65.15% | -3.29% |
Max Drawdown (1Y)Largest decline over 1 year | -16.18% | -17.75% | +1.57% |
Max Drawdown (5Y)Largest decline over 5 years | -28.76% | -32.97% | +4.21% |
Max Drawdown (10Y)Largest decline over 10 years | -39.52% | -52.46% | +12.94% |
Current DrawdownCurrent decline from peak | -7.33% | -8.37% | +1.04% |
Average DrawdownAverage peak-to-trough decline | -18.19% | -12.71% | -5.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.79% | 5.48% | -1.69% |
Volatility
MXI vs. PYZ - Volatility Comparison
The current volatility for iShares Global Materials ETF (MXI) is 8.48%, while Invesco DWA Basic Materials Momentum ETF (PYZ) has a volatility of 10.76%. This indicates that MXI experiences smaller price fluctuations and is considered to be less risky than PYZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MXI | PYZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.48% | 10.76% | -2.28% |
Volatility (6M)Calculated over the trailing 6-month period | 15.20% | 22.03% | -6.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.37% | 28.40% | -7.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.44% | 25.96% | -6.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.37% | 26.38% | -6.01% |