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

Key characteristics


MXIXLB
YTD Return5.36%8.27%
1Y Return16.20%19.77%
3Y Return (Ann)2.76%4.26%
5Y Return (Ann)11.79%13.54%
10Y Return (Ann)6.58%8.83%
Sharpe Ratio1.041.38
Daily Std Dev15.85%14.53%
Max Drawdown-68.44%-59.83%
Current Drawdown0.00%-0.84%

Correlation

-0.50.00.51.00.9

The correlation between MXI and XLB is 0.88, 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. XLB - Performance Comparison

In the year-to-date period, MXI achieves a 5.36% return, which is significantly lower than XLB's 8.27% return. Over the past 10 years, MXI has underperformed XLB with an annualized return of 6.58%, while XLB has yielded a comparatively higher 8.83% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


150.00%200.00%250.00%300.00%December2024FebruaryMarchAprilMay
178.80%
336.09%
MXI
XLB

Compare stocks, funds, or ETFs

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


iShares Global Materials ETF

Materials Select Sector SPDR ETF

MXI vs. XLB - Expense Ratio Comparison

MXI has a 0.46% expense ratio, which is higher than XLB's 0.13% 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 XLB: current value at 0.13% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.13%

Risk-Adjusted Performance

MXI vs. XLB - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Global Materials ETF (MXI) and Materials Select Sector SPDR ETF (XLB). 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 1.04, compared to the broader market0.002.004.001.04
Sortino ratio
The chart of Sortino ratio for MXI, currently valued at 1.53, compared to the broader market0.005.0010.001.53
Omega ratio
The chart of Omega ratio for MXI, currently valued at 1.19, compared to the broader market0.501.001.502.002.503.001.19
Calmar ratio
The chart of Calmar ratio for MXI, currently valued at 0.98, compared to the broader market0.005.0010.0015.000.98
Martin ratio
The chart of Martin ratio for MXI, currently valued at 2.90, compared to the broader market0.0020.0040.0060.0080.00100.002.90
XLB
Sharpe ratio
The chart of Sharpe ratio for XLB, currently valued at 1.38, compared to the broader market0.002.004.001.38
Sortino ratio
The chart of Sortino ratio for XLB, currently valued at 1.97, compared to the broader market0.005.0010.001.97
Omega ratio
The chart of Omega ratio for XLB, currently valued at 1.24, compared to the broader market0.501.001.502.002.503.001.24
Calmar ratio
The chart of Calmar ratio for XLB, currently valued at 1.32, compared to the broader market0.005.0010.0015.001.32
Martin ratio
The chart of Martin ratio for XLB, currently valued at 4.28, compared to the broader market0.0020.0040.0060.0080.00100.004.28

MXI vs. XLB - Sharpe Ratio Comparison

The current MXI Sharpe Ratio is 1.04, which roughly equals the XLB Sharpe Ratio of 1.38. The chart below compares the 12-month rolling Sharpe Ratio of MXI and XLB.


Rolling 12-month Sharpe Ratio0.000.501.001.50December2024FebruaryMarchAprilMay
1.04
1.38
MXI
XLB

Dividends

MXI vs. XLB - Dividend Comparison

MXI's dividend yield for the trailing twelve months is around 2.77%, more than XLB's 1.85% yield.


TTM20232022202120202019201820172016201520142013
MXI
iShares Global Materials ETF
2.77%2.92%4.84%3.51%1.21%3.64%2.76%1.75%1.31%3.64%2.32%2.13%
XLB
Materials Select Sector SPDR ETF
1.85%2.00%2.26%1.62%1.72%1.98%2.20%1.66%1.95%2.24%1.97%2.08%

Drawdowns

MXI vs. XLB - Drawdown Comparison

The maximum MXI drawdown since its inception was -68.44%, which is greater than XLB's maximum drawdown of -59.83%. Use the drawdown chart below to compare losses from any high point for MXI and XLB. For additional features, visit the drawdowns tool.


-10.00%-8.00%-6.00%-4.00%-2.00%0.00%December2024FebruaryMarchAprilMay0
-0.84%
MXI
XLB

Volatility

MXI vs. XLB - Volatility Comparison

The current volatility for iShares Global Materials ETF (MXI) is 3.23%, while Materials Select Sector SPDR ETF (XLB) has a volatility of 3.42%. This indicates that MXI experiences smaller price fluctuations and is considered to be less risky than XLB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


3.00%3.50%4.00%4.50%5.00%December2024FebruaryMarchAprilMay
3.23%
3.42%
MXI
XLB