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iShares S&P Gbl Materials (MXI) - ETF


Charts and data are derived from prices adjusted for both splits and distributions to emphasize total return.

ETF Symbol:
Avg Vol63k
52 wk High60.38
52 wk Low41.88
Inception:Sep 2006
(as of 2017-02-24)
Total Returns:
1 day-1.0%
5 day-2.0%
1 month-2.2%
3 month7.6%
6 month11.7%
9 month20.4%
1 year38.9%
Compare Funds:
Correlated Group: Materials (View cGroup) (All Groups)


Correlated Funds

Most Directly Correlated
SPDR S&P Global Natural Resources ETFGNR0.92  
FlexShares Morningstar Global Upstream Natural ResGUNR0.91  
iShares MSCI Global Select Metals & Mining ProducePICK0.88  
Schwab Fundmntl Intl Large Company ETFFNDF0.83  
Fidelity MSCI MaterialsFMAT0.83  
Vanguard MaterialsVAW0.83  
First Trust Developed Markets Ex-US AlphaDEX ETFFDT0.83  
PowerShares FTSE RAFI Dev Markets ex-USPXF0.83  
iShares US Basic MaterialsIYM0.82  
VanEck Vectors Steel Index FundSLX0.82  
Least Correlated
VanEck Vectors Long MuniMLN0.03  
Fidelity Limited Term Bond ETFFLTB0.02  
iShares Barclays Agency BondAGZ0.02  
iShares S&P California Municipal Bond FundCMF0.01  
VanEck Vectors High-Yield Muni ETFHYD0.00  
Vanguard Short-Term Govt Bd Idx ETFVGSH-0.00  
First Trust Duration Mrtg Opps ETFLMBS-0.01  
VanEck Vectors - Intermediate Muni IndexITM-0.01  
SPDR Barclays 1-3 Month T-Bill ETFBIL-0.01  
SPDR Nuveen S&P High Yield Muni Bond ETFHYMB-0.01  
Most Inversely Correlated
Proshares UltraShort Dow30DXD-0.66  
ProShares Short Dow 30DOG-0.66  
ProShares UltraPro Short Dow30SDOW-0.67  
ProShares Short S&P 500SH-0.70  
Direxion Emerging Markets Bear 3X SharesEDZ-0.70  
ProShares Short MSCI Emerging MktsEUM-0.70  
ProShares UltraShort MSCI Emerging MktsEEV-0.70  
Proshares UltraShort S&P500SDS-0.70  
Direxion S&P 500 Bear 3X SharesSPXS-0.71  
ProShares UltraPro Short S&P 500SPXU-0.71  
These 126 day (6 month) correlations can be considered short term, focusing on recent price movements.
Correlations are only calculated for actively traded funds. As of: 2017-02-24.

Exchange-traded funds are similar to index funds that trade like a single stock. Until the advent of the ETF, it was impossible to trade indexes this easily through an equity account. Most ETFs are relatively static in make-up, like the SPY or QQQQ index funds. Others, like some of the PowerShares funds, are dynamic and the holdings are changed routinely. ETFs have risks similar to stocks in that their value can rise or fall at the discretion of the marketplace. Some ETFs, like international funds and narrowly based indexes, have special risks that the investor should be aware of. However, used properly ETFs can provide an efficient and effective investment vehicle for achieving results that were near impossible for the typical investor to achieve prior to their development.

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