MXI vs. XLU
Compare and contrast key facts about iShares Global Materials ETF (MXI) and Utilities Select Sector SPDR Fund (XLU).
MXI and XLU 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. XLU is a passively managed fund by State Street that tracks the performance of the Utilities Select Sector Index. It was launched on Dec 16, 1998. Both MXI and XLU are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MXI or XLU.
Correlation
The correlation between MXI and XLU is 0.50, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
MXI vs. XLU - Performance Comparison
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Key characteristics
MXI:
-0.26
XLU:
0.93
MXI:
-0.20
XLU:
1.55
MXI:
0.98
XLU:
1.20
MXI:
-0.20
XLU:
1.80
MXI:
-0.49
XLU:
4.59
MXI:
8.80%
XLU:
4.12%
MXI:
19.22%
XLU:
17.20%
MXI:
-68.44%
XLU:
-52.27%
MXI:
-9.94%
XLU:
-1.75%
Returns By Period
The year-to-date returns for both stocks are quite close, with MXI having a 6.78% return and XLU slightly lower at 6.76%. Over the past 10 years, MXI has underperformed XLU with an annualized return of 6.17%, while XLU has yielded a comparatively higher 9.93% annualized return.
MXI
6.78%
9.16%
-3.83%
-4.90%
11.54%
6.17%
XLU
6.76%
6.42%
2.90%
16.03%
10.95%
9.93%
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MXI vs. XLU - Expense Ratio Comparison
MXI has a 0.46% expense ratio, which is higher than XLU's 0.13% expense ratio.
Risk-Adjusted Performance
MXI vs. XLU — Risk-Adjusted Performance Rank
MXI
XLU
MXI vs. XLU - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global Materials ETF (MXI) and Utilities Select Sector SPDR Fund (XLU). 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. XLU - Dividend Comparison
MXI's dividend yield for the trailing twelve months is around 3.04%, more than XLU's 2.84% 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% |
XLU Utilities Select Sector SPDR Fund | 2.84% | 2.96% | 3.39% | 2.92% | 2.79% | 3.14% | 2.95% | 3.33% | 3.33% | 3.42% | 3.67% | 3.19% |
Drawdowns
MXI vs. XLU - Drawdown Comparison
The maximum MXI drawdown since its inception was -68.44%, which is greater than XLU's maximum drawdown of -52.27%. Use the drawdown chart below to compare losses from any high point for MXI and XLU. For additional features, visit the drawdowns tool.
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Volatility
MXI vs. XLU - Volatility Comparison
iShares Global Materials ETF (MXI) has a higher volatility of 5.62% compared to Utilities Select Sector SPDR Fund (XLU) at 4.93%. This indicates that MXI's price experiences larger fluctuations and is considered to be riskier than XLU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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