This ETF offers exposure to the global materials sector, a corner of the world economy that includes companies engaged in the extraction and production of various natural resources (and therefore potentially useful as a means of establishing "indirect" commodity exposure through commodity-intensive companies). Given the targeted nature of the underlying benchmark, MXI probably isn't very useful for those building a long-term portfolio; it will be more useful as a means of establishing a tactical tilt towards the materials sector or as part of a sector rotation strategy. Investors seeking more targeted exposure to companies engaged in the production of a certain type of raw material likely have a more granular ETF available to them; the Commodity Producers Equities ETFdb Category includes dozens of resource-specific funds, ranging from agribusiness to gold to timber. With regards to the underlying portfolio, MXI is spread across U.S. stocks and ex-U.S. economies, though there is a heavy tilt towards developed markets (EMT can be a useful tool for emerging markets materials exposure). With respect to the nature of the underlying portfolio, it should be noted that while MXI includes more than 100 individual stocks, a small handful account for a significant chunk of assets--a characteristic common among ETFs focused on this sector. Investors seeking U.S. materials exposure have a number of choices, including XLB and the equal-weighted RTM; those looking to steer clear of the U.S. may want to look at IRV. Overall, MXI can be a nice tool for broad-based materials exposure, useful for those looking to overweight this sector while maintaining a global representation.
The adjacent table gives investors an individual Realtime Rating for MXI on several different metrics, including liquidity, expenses, performance, volatility, dividend, concentration of holdings in addition to an overall rating. The "A+ Metric Rated ETF" field, available to ETFdb Pro members, shows the ETF in the Materials with the highest Metric Realtime Rating for each individual field. To view all of this data, sign up for a free 14-day trial for ETFdb Pro. To view information on how the ETFdb Realtime Ratings work, click here.View the Category Report
The following tables and charts contain in-depth metrics for this ETF and compare it to similar peer ETFs within its ETFdb Category.
This ETF is not currently available for commission free trading on any platforms.
There are 4 other ETFs in the Materials ETFdb Category that are also eligible for commission free trading:
This section shows how this ETF has performed relative to its peer group ETFdb Category.
The following charts can be customized to display historical performance in a number of different formats, including line charts, bar charts, and candlesticks. Time periods can be adjusted to increase or decrease the period shown, ranging from five minutes to several months.
The following chart also includes the option to compare the performance of MXI relative to other ETFs and benchmarks or to include indicators such as Bollinger Bands, relative strength, and moving averages.
This section shows how the volatility of this ETF compares to the peer group ETFdb Category.
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