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MXI

GradeBNew York Stock Exchange Arca

iShares Global Materials ETF

Sectors · IShares · Inception 2006-09-11 · SEC filings

$109.88−2.02 (−1.80%)

As of Sep 23, 2026, 3:07 PM EDT

Intraday session: down, 26 prints from 111.90 to 109.88. Range 109.60 to 110.55. Use the arrow keys to read each point.$109.60$110.00$110.4010 AM12 PM2 PM4 PM
Expense ratio
0.37%
Fund size
$440M
1Y return
+24.7%
Yield · Last 12 months
1.63%
Holdings
92
Volume · 30D
0M sh
NAV per share
$109.90
52W range
low $87.82high $118.51

The ETF.net MXI Grade

B

56/ 100

Rank 6 of 14 in Materials (Broad)⁠

Confidence Medium

Six-pillar profile for MXI. Scores out of 100: Cost 50, Risk 57, Mission not scored, Tradability 45, Holdings 90, Durability 59. Strongest: Holdings (90). Weakest: Tradability (45). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 56 of 100 sits in the B band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    CScore 50
    Category rank8/14 · mid-pack

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    Not scored
    —

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    BScore 57
    Category rank4/13 · top 31%

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    CScore 45
    Category rank8/14 · mid-pack

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    AScore 90
    Category rank1/14 · top 7%

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    BScore 59
    Category rank6/14 · top 43%

Graded as of Sep 22, 2026 · Based on 5 of 6 pillars

Our read on MXI

ETF.net Research

BMost materials funds stop at the US border. MXI doesn't: it tracks a global materials index, putting overseas miners, chemical makers and packagers next to the American names, and has done so since 2006.

Stated mandate

The fund seeks to track an index made up of global equities from the materials sector.

Why people hold it

  1. 01Global by design. The fund tracks the S&P Global 1200 Materials Index, so companies listed outside the US carry real weight instead of appearing as an afterthought.ishares.com
  2. 02Running since 2006 under the iShares banner, with roughly 90 holdings spread across the sector rather than a top-heavy handful of megacaps.
  3. 03The 0.37% fee sits near the middle of the materials-fund pack, and here it buys worldwide coverage rather than a US-only slice of the sector.

Worth knowing

  1. 01The US-only options (XLB, VAW, FMAT) charge a fraction of this fee. The global mandate is what the extra cost is buying.
  2. 02Trading is thin next to the big US sector funds, so spreads can widen. That bites hardest on large or hurried orders.
  3. 03One sector, and a commodity-linked one: the whole portfolio rides global industrial demand with nothing else to cushion it.

MXI Holdings

As of Sep 22, 2026, 3:27 AM
Asset class
Stocks
Holdings
92
Top-10 weight
38%
Largest holding
BHP.AX7.0%

Sectors

  • Materials95.0%
  • Consumer Discr.3.7%
  • Industrials0.8%
  • Technology0.4%

Geography

  • United States29.06%
  • United Kingdom14.11%
  • Canada13.56%
  • Australia11.71%
  • Switzerland7.57%
  • Japan6.95%
  • France4.07%
  • Germany2.87%
  • Other countries (12)10.09%

Developed 93% · Emerging 7% of the foreign sleeve

The fund’s holdings, weight-ordered — page 1 of 8.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001BHP.AXBHP GROUP LTD7.02%709,804$31M151
002LIN.DELINDE PLC6.75%64,406$30M137
003NEMNEWMONT4.14%147,247$18M428
004AI.PALAIR LIQUIDE SOCIETE ANONYME POUR3.80%89,122$17M124
005RIO.LRIO TINTO PLC3.27%148,838$14M146
006FCXFREEPORT MCMORAN INC3.27%200,627$14M368
007AEM.TOAGNICO EAGLE MINES3.21%70,732$14M106
008SHWSHERWIN WILLIAMS2.33%31,834$10M316
009ABX.TOBARRICK MINING2.26%230,312$10M99
010GLEN.LGLENCORE PLC2.22%1,310,006$10M127
0114063.TSHIN ETSU CHEMICAL2.20%259,700$10M138
012WPM.TOWHEATON PRECIOUS METALS2.18%63,429$10M94
013ECLECOLAB2.16%35,189$9M320
014APDAIR PRODUCTS AND CHEMICALS2.01%31,042$9M280
015AAL.LANGLO AMERICAN PLC1.98%164,199$9M117

Showing 1–15 of 110 holdings

MXI Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

MXI$12,466
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. MXI $12,466. SPY $11,723. Use the arrow keys to read each point.$9,240$11,353$13,466Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for MXI. Periods over one year show the average yearly return.
PeriodMXI
Year to date+17.2%
1 month−3.9%
3 months+2.3%
1 year+24.7%
3 years+15.4%per year
5 years+8.8%per year
10 years+10.8%per year

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for MXI
YearReturn barMXI
2026 YTD+17.2%
2025+27.4%
2024−8.2%
2023+14.4%
2022−9.1%
2021+15.1%
2020+22.3%

MXI in the news

ETF.net Research hasn’t filed on MXI yet — coverage lands here as it’s written.

MXI Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
1.63%Last 12 months
Payout per share
$1.83Last 12 months
Last payment
$1.13 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Twice a year

Distribution history

2017–2026

One bar per payment. 20 payments from 2017 to 2026 YTD. Jun 20, 2017 $0.76; Dec 21, 2017 $0.47; Jun 19, 2018 $0.86; Dec 18, 2018 $0.73; Jun 17, 2019 $1.68; Dec 16, 2019 $0.71; Dec 30, 2019 $0.06; Jun 15, 2020 $0.40; Dec 14, 2020 $0.59; Jun 10, 2021 $1.11; Dec 13, 2021 $2.07; Jun 9, 2022 $2.26; Dec 13, 2022 $1.54; Jun 7, 2023 $1.39; Dec 20, 2023 $1.16; Jun 11, 2024 $1.16; Dec 17, 2024 $1.36; Jun 16, 2025 $1.44; Dec 16, 2025 $0.71; Jun 15, 2026 $1.13. Use the arrow keys to read each point.2017201820192020202120222023202420252026YTD
Ex-datePay dateAmount per share
Jun 15, 2026Jun 18, 2026$1.13
Dec 16, 2025Dec 19, 2025$0.71
Jun 16, 2025Jun 20, 2025$1.44
Dec 17, 2024Dec 20, 2024$1.36
Jun 11, 2024Jun 17, 2024$1.16
Dec 20, 2023Dec 27, 2023$1.16
Jun 7, 2023Jun 13, 2023$1.39
Dec 13, 2022Dec 19, 2022$1.54
Jun 9, 2022Jun 15, 2022$2.26
Dec 13, 2021Dec 17, 2021$2.07
Jun 10, 2021Jun 16, 2021$1.11
Dec 14, 2020Dec 18, 2020$0.59

MXI Risk

How much the fund’s monthly returns vary, scaled to a year.
17.5%
Annualised · 36 months to Aug 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
0.64
vs 3-month T-bills · to Aug 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−28.7%
Trough Sep 2022
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.90
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

MXI Cost

Expense ratio0.37%
  • The middle half of Materials (Broad) funds
  • Median 0.37%

6 of the 14 Materials (Broad) funds charge less.

MXI costs $37.00 a year on $10,000. The median Materials (Broad) fund costs $37.00.