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MXI vs. SPY
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Key characteristics


MXISPY
YTD Return3.25%11.73%
1Y Return18.74%29.53%
3Y Return (Ann)2.11%9.80%
5Y Return (Ann)11.46%15.21%
10Y Return (Ann)6.32%12.72%
Sharpe Ratio1.152.69
Daily Std Dev15.80%11.40%
Max Drawdown-68.44%-55.19%
Current Drawdown-2.00%-0.36%

Correlation

-0.50.00.51.00.8

The correlation between MXI and SPY is 0.77, 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. SPY - Performance Comparison

In the year-to-date period, MXI achieves a 3.25% return, which is significantly lower than SPY's 11.73% return. Over the past 10 years, MXI has underperformed SPY with an annualized return of 6.32%, while SPY has yielded a comparatively higher 12.72% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


100.00%200.00%300.00%400.00%500.00%December2024FebruaryMarchAprilMay
173.22%
462.12%
MXI
SPY

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Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


iShares Global Materials ETF

SPDR S&P 500 ETF

MXI vs. SPY - Expense Ratio Comparison

MXI has a 0.46% expense ratio, which is higher than SPY's 0.09% expense ratio.


MXI
iShares Global Materials ETF
Expense ratio chart for MXI: current value at 0.46% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.46%
Expense ratio chart for SPY: current value at 0.09% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.09%

Risk-Adjusted Performance

MXI vs. SPY - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Global Materials ETF (MXI) and SPDR S&P 500 ETF (SPY). 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
Sharpe ratio
The chart of Sharpe ratio for MXI, currently valued at 1.15, compared to the broader market0.002.004.006.001.15
Sortino ratio
The chart of Sortino ratio for MXI, currently valued at 1.67, compared to the broader market0.005.0010.001.67
Omega ratio
The chart of Omega ratio for MXI, currently valued at 1.20, compared to the broader market0.501.001.502.002.503.001.20
Calmar ratio
The chart of Calmar ratio for MXI, currently valued at 1.08, compared to the broader market0.005.0010.0015.001.08
Martin ratio
The chart of Martin ratio for MXI, currently valued at 3.21, compared to the broader market0.0020.0040.0060.0080.00100.003.21
SPY
Sharpe ratio
The chart of Sharpe ratio for SPY, currently valued at 2.69, compared to the broader market0.002.004.006.002.69
Sortino ratio
The chart of Sortino ratio for SPY, currently valued at 3.78, compared to the broader market0.005.0010.003.78
Omega ratio
The chart of Omega ratio for SPY, currently valued at 1.47, compared to the broader market0.501.001.502.002.503.001.47
Calmar ratio
The chart of Calmar ratio for SPY, currently valued at 2.63, compared to the broader market0.005.0010.0015.002.63
Martin ratio
The chart of Martin ratio for SPY, currently valued at 10.60, compared to the broader market0.0020.0040.0060.0080.00100.0010.60

MXI vs. SPY - Sharpe Ratio Comparison

The current MXI Sharpe Ratio is 1.15, which is lower than the SPY Sharpe Ratio of 2.69. The chart below compares the 12-month rolling Sharpe Ratio of MXI and SPY.


Rolling 12-month Sharpe Ratio0.001.002.003.00December2024FebruaryMarchAprilMay
1.15
2.69
MXI
SPY

Dividends

MXI vs. SPY - Dividend Comparison

MXI's dividend yield for the trailing twelve months is around 2.83%, more than SPY's 1.27% yield.


TTM20232022202120202019201820172016201520142013
MXI
iShares Global Materials ETF
2.83%2.92%4.84%3.51%1.21%3.64%2.76%1.75%1.31%3.64%2.32%2.13%
SPY
SPDR S&P 500 ETF
1.27%1.40%1.65%1.20%1.52%1.75%2.04%1.80%2.03%2.06%1.87%1.81%

Drawdowns

MXI vs. SPY - Drawdown Comparison

The maximum MXI drawdown since its inception was -68.44%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for MXI and SPY. For additional features, visit the drawdowns tool.


-10.00%-8.00%-6.00%-4.00%-2.00%0.00%December2024FebruaryMarchAprilMay
-2.00%
-0.36%
MXI
SPY

Volatility

MXI vs. SPY - Volatility Comparison

iShares Global Materials ETF (MXI) has a higher volatility of 4.05% compared to SPDR S&P 500 ETF (SPY) at 3.10%. This indicates that MXI's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


1.50%2.00%2.50%3.00%3.50%4.00%4.50%5.00%December2024FebruaryMarchAprilMay
4.05%
3.10%
MXI
SPY