iShares Global Materials ETF (MXI) Performance
MXI total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +10.8% since Dec 31, 2025
- 1 year
- +17.2% total return
- 5 years
- +6.6% a year
- 10 years
- +10.0% a year
- Since first price
- +6.3% a year since 2006
MXI trailing returns vs SPY, QQQ, AGG
| Period | MXI total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −3.4% | −3.4% | −1.0% | −5.0% | +0.9% |
| 3 months | +0.8% | +0.8% | +3.2% | +1.9% | −0.4% |
| 6 months | −3.6% | −4.6% | +7.8% | +8.4% | −1.5% |
| YTD | +10.8% | +9.7% | +12.3% | +15.1% | −1.0% |
| 1 year | +17.2% | +15.2% | +14.4% | +15.9% | −1.1% |
| 3 years | +51.4%+14.8%/yr | +42.2% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +37.8%+6.6%/yr | +18.9% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| 10 years | +158.5%+10.0%/yr | +99.2% | +315.9%+15.3%/yr | +538.9%+20.4%/yr | +14.0%+1.3%/yr |
| 15 years | +160.5%+6.6%/yr | +78.4% | +696.0%+14.8%/yr | +1,299.3%+19.2%/yr | +32.2%+1.9%/yr |
| 20 years | +216.0%+5.9%/yr | +102.4% | +696.9%+10.9%/yr | +1,839.9%+16.0%/yr | +79.6%+3.0%/yr |
| Since inceptionSep 21, 2006 | +238.0%+6.3%/yr | +116.6% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: MXI vs SPY
From Sep 21, 2006: MXI grew to $33,802, SPY to $83,070.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
MXI returns by calendar year
12 of 19 full years positive. Best 2009 (+60.4%), worst 2008 (−48.5%). 2026 is year to date.
MXI annual returns table
| Year | MXI | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +10.8% | −16.2% | +12.3% | +15.1% | −1.0% |
| 2025 | +25.6% | −15.7% | +17.7% | +20.8% | +7.2% |
| 2024 | −8.2% | −15.8% | +24.9% | +25.6% | +1.3% |
| 2023 | +14.4% | −14.0% | +26.2% | +54.9% | +5.7% |
| 2022 | −9.1% | −28.8% | −18.2% | −32.6% | −13.0% |
| 2021 | +15.1% | −11.5% | +28.7% | +27.4% | −1.8% |
| 2020 | +22.3% | −36.9% | +18.3% | +48.6% | +7.5% |
| 2019 | +22.2% | −10.4% | +31.2% | +39.0% | +8.5% |
| 2018 | −16.0% | −25.0% | −4.6% | −0.1% | +0.1% |
| 2017 | +30.3% | −4.3% | +21.7% | +32.7% | +3.6% |
| 2016 | +23.5% | −11.8% | +12.0% | +7.1% | +2.4% |
| 2015 | −16.9% | −27.8% | +1.2% | +9.4% | +0.5% |
| 2014 | −8.4% | −18.2% | +13.5% | +19.2% | +6.0% |
| 2013 | +2.2% | −16.6% | +32.3% | +36.6% | −2.0% |
| 2012 | +11.6% | −19.6% | +16.0% | +18.1% | +3.8% |
| 2011 | −20.3% | −32.8% | +1.9% | +3.4% | +7.7% |
| 2010 | +19.9% | −21.5% | +15.1% | +19.9% | +6.4% |
| 2009 | +60.4% | −27.4% | +26.4% | +54.7% | +3.0% |
| 2008 | −48.5% | −68.4% | −36.8% | −41.7% | +7.9% |
| 2007 | +37.7% | −17.5% | +5.1% | +19.0% | +6.6% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
MXI largest drawdowns
Now 10.5% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| May 19, 2008 | −68.4% | Nov 20, 2008 | Jan 12, 2018 | 6 months | 9.7 years |
| Jan 26, 2018 | −39.5% | Mar 23, 2020 | Aug 17, 2020 | 2.2 years | 2.6 years |
| Apr 1, 2022 | −28.8% | Sep 26, 2022 | Mar 20, 2024 | 6 months | 2.0 years |
| Sep 26, 2024 | −22.3% | Apr 8, 2025 | Sep 11, 2025 | 6 months | 11 months |
| Oct 29, 2007 | −18.1% | Jan 23, 2008 | Apr 16, 2008 | 3 months | 6 months |
| Jul 23, 2007 | −17.5% | Aug 16, 2007 | Sep 21, 2007 | 24 days | 2 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
MXI risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2006 |
|---|---|---|---|---|
| Annualized return | +13.2% | +7.8% | +10.0% | +6.2% |
| Volatility (annualized) | 17.9% | 20.5% | 19.2% | 22.1% |
| Sharpe ratio | 0.54 | 0.29 | 0.48 | 0.32 |
| Sortino ratio | 0.85 | 0.44 | 0.73 | 0.47 |
| Best month | +10.6% | +16.1% | +16.1% | +16.4% |
| Worst month | −8.9% | −15.2% | −15.2% | −25.6% |
| Best 12 months | +43.1% | +43.1% | +77.6% | +79.1% |
| Worst 12 months | −8.2% | −16.4% | −19.8% | −56.9% |
| Positive months | 61% | 57% | 61% | 56% |
| Beta vs S&P 500 | 0.68 | 0.88 | 0.95 | — |
| Correlation with S&P 500 | 0.47 | 0.67 | 0.76 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
MXI rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 230 | −56.9% | +6.8% | +79.1% | 63% |
| 3-year (a year) | 206 | −11.4% | +4.6% | +27.6% | 75% |
| 5-year (a year) | 182 | −8.4% | +5.4% | +17.1% | 82% |
| 10-year (a year) | 122 | −0.2% | +5.8% | +13.4% | 97% |
Every holding period starting at a month-end since 2006. Returns for 3 years and longer are annualized.
MXI performance overview
iShares Global Materials ETF (MXI) returned +17.2% over the past year and +10.0% a year over ten years, with distributions reinvested. Since its first recorded price in 2006 it has returned +6.3% a year, turning $10,000 into about $33,802. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −68.4%, from May 19, 2008 to Nov 20, 2008, and it took 9.1 years to get back to the old high. MXI finished 12 of its 19 full calendar years with a gain; the best year was 2009 (+60.4%) and the worst 2008 (−48.5%). Volatility has been 22.1% a year.
Related: MXI chart, MXI holdings, MXI dividends. See the MXI overview for the latest quote and fund facts.
MXI performance FAQ
What is the MXI return over the past year?
MXI returned +17.2% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 15.2%.
What is the average annual return of MXI?
MXI has returned +6.6% a year over 5 years, +10.0% a year over 10 years, +6.3% a year since September 21, 2006 (total return, distributions reinvested).
How much would $10,000 invested in MXI be worth?
$10,000 invested in MXI at its first recorded close on September 21, 2006 would be worth about $33,802 on October 23, 2026 with distributions reinvested.
What was the worst year for MXI?
The worst calendar year was 2008, with a total return of −48.5%. The best was 2009 at +60.4%.
What is the biggest drawdown of MXI?
The largest peak-to-trough decline was −68.4% between May 19, 2008 and November 20, 2008. It recovered to the old high on January 12, 2018, 9.1 years after the bottom.
How volatile is MXI?
Over the past 3 years MXI had an annualized volatility of 17.9% and a Sharpe ratio of 0.54 (excess return over 1–3 month T-bills per unit of risk).