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MXIvsGNRETF Comparison

ETF 1

MXI

iShares Global Materials ETF

This fund is part of

Global Large Cap

-1.73%

Full MXI fund page

VS

ETF 2

GNR

State Street SPDR S&P Global Natural Resources ETF

This fund is part of

Natural Resources

-0.38%

Full GNR fund page

iShares Global Materials ETF (MXI) belongs to the Global Large Cap segment. State Street SPDR S&P Global Natural Resources ETF (GNR) is part of the Natural Resources segment. MXI's top 3 sector exposures are Non-Energy Materials, Energy and Business Services. In contrast, GNR's top sector exposures are Non-Energy Materials, Energy and Consumer Non-Cyclicals. MXI is less expensive with a Total Expense Ratio (TER) of 0.37%, versus 0.4% for GNR. MXI is up 11.16% year-to-date (YTD) with +$141M in YTD flows. GNR performs better with 22.8% YTD performance, and +$732M in YTD flows. Run a side-by-side ETF comparison of MXI and GNR below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.

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MXI vs GNR performance and flow charts

Performance

Cumulative Flows

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Data Services

Historic performance and flows

Data as of 10/30/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	MXI GNR	-0.72%+1.82%	-1.47%+3.77%	+11.16%+22.80%	+19.39%+31.56%	+50.73%+56.11%	+40.02%+66.82%
Flows	MXI GNR	-$33M+$222M	+$58M+$403M	+$141M+$732M	+$136M+$517M	+$77M+$451M	-$240M+$1.89B

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	MXI GNR	+18.25%+12.56%	+21.39%+15.18%	+18.28%+15.00%	+19.67%+17.77%
Max drawdown	MXI GNR	-10.25%-7.65%	-15.66%-10.66%	-21.94%-19.80%	-28.67%-25.18%
Max drawdown duration	MXI GNR	66d51d	172d158d	344d457d	715d758d

Trading data

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	MXI	GNR
Last sale 10/30/2026 at 1:30 PM	$106.46	$75.45
Previous close 10/29/2026	$107.86	$75.75
Consolidated volume 10/29/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of September 30, 2026

1-year trailing difference

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	MXI	GNR
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 10/30/2026 at 1:30 PM

Live

Closed

	MXI	GNR
Last price	$106.46	$75.45
1D performance	-1.30%	-0.40%
AuM	$393.78 M	$5.38 B
E/R	0.37%	0.4%

Characteristics

	MXI	GNR
Management strategy	Passive	Passive
Provider	iShares	State Street Investment Management
Benchmark	S&P Global 1200 Materials (Sector) Capped Index	S&P Global Natural Resources Index
N° of holdings	93	89
Asset class	-	Equities
Trailing 12m distribution yield	Join	Join
Inception date	September 12, 2006	September 13, 2010
ESG	No	No

More MXI data on Trackinsight

More GNR data on Trackinsight

Exposure

Countries

MXI

USA

28.21%

United Kingdom

14.23%

Canada

12.64%

Australia

11.82%

Switzerland

7.46%

Japan

7.06%

Other

18.57%

GNR

USA

28.58%

Canada

19.2%

United Kingdom

10.08%

Australia

7.55%

Other

34.58%

Sectors

MXI

Non-Energy Materi.

96.87%

Other

3.13%

GNR

Non-Energy Materi.

58.25%

Energy

30.87%

Other

10.88%

Diversification

MXI

Total weight of top 15 holdings out of 15

49.1%

GNR

Total weight of top 15 holdings out of 15

43.07%

Top 15 holdings

Data as of September 30, 2026

MXI

Linde Plc

7.12%

BHP Group Ltd.

6.99%

Air Liquide SA

4.03%

Newmont Corp.

3.95%

Rio Tinto Plc

3.27%

Freeport-McMoRan, Inc.

3.27%

Agnico Eagle Mines Ltd.

3.03%

The Sherwin-Williams Co.

2.40%

Shin-Etsu Chemical Co., Ltd.

2.30%

Ecolab, Inc.

2.25%

Glencore Plc

2.25%

Barrick Mining Corp.

2.18%

Anglo American Plc

2.06%

Air Products & Chemicals, Inc.

2.02%

Wheaton Precious Metals Corp.

1.98%

GNR

Nutrien Ltd.

5.03%

Shell Plc

5.00%

BHP Group Ltd.

4.73%

TotalEnergies SE

3.39%

UPM-Kymmene Oyj

3.23%

Newmont Corp.

2.89%

Chevron Corp.

2.71%

Corteva, Inc.

2.46%

Freeport-McMoRan, Inc.

2.36%

Agnico Eagle Mines Ltd.

2.19%

BP Plc

2.16%

Canadian Natural Resources Ltd.

1.85%

Archer-Daniels-Midland Co.

1.81%

Glencore Plc

1.64%

Barrick Mining Corp.

1.61%

Frequently asked questions about MXI and GNR

How have the MXI and GNR ETFs performed in 2026?

As of October 30, 2026, MXI is up 11.16% year-to-date (YTD), while GNR has returned 22.8%. That puts GNR better performer ahead so far this year.

Which ETF is attracting more investor money: MXI or GNR?

Year-to-date, the MXI ETF saw +$141M in flows, compared to +$732M for GNR.

Which ETF is more volatile: MXI or GNR?

Over the past year, MXI had a volatility of 21.39%, while GNR experienced 15.18%.

Which ETF is bigger: MXI or GNR?

As of October 30, 2026, MXI holds $393.78 M in assets under management (AUM), while GNR manages $5.38 B.

What sectors do the MXI and GNR ETFs invest in?

MXI leans toward sectors like Non-Energy Materials. Meanwhile, GNR focuses on Non-Energy Materials and Energy.

What are the top holdings of the MXI ETF and GNR ETF?

MXI top holdings include Linde Plc, BHP Group Ltd. and Air Liquide SA. GNR holds in its top three: Nutrien Ltd., Shell Plc and BHP Group Ltd..

Which ETF is more diversified: MXI or GNR?

MXI holds 94 securities with 49.1% of its assets in the top 15. GNR has 89 securities and a top 15 weight of 43.07%.

3 Famous Investment Portfolios (And How to Make Them with ETFs)

February 8, 2024

GNR

MXIvsGNRETF Comparison

iShares Global Materials ETF

State Street SPDR S&P Global Natural Resources ETF

MXI vs GNR performance and flow charts

Performance

Cumulative Flows

Get all the metrics on this page, and more, through a reliable ETF data feed

Countries

Sectors

Diversification

Top 15 holdings

How have the MXI and GNR ETFs performed in 2026?

As of October 30, 2026, MXI is up 11.16% year-to-date (YTD), while GNR has returned 22.8%. That puts GNR better performer ahead so far this year.

Which ETF is attracting more investor money: MXI or GNR?

Year-to-date, the MXI ETF saw +$141M in flows, compared to +$732M for GNR.

Which ETF is more volatile: MXI or GNR?

Over the past year, MXI had a volatility of 21.39%, while GNR experienced 15.18%.

Which ETF is bigger: MXI or GNR?

As of October 30, 2026, MXI holds $393.78 M in assets under management (AUM), while GNR manages $5.38 B.

What sectors do the MXI and GNR ETFs invest in?

MXI leans toward sectors like Non-Energy Materials. Meanwhile, GNR focuses on Non-Energy Materials and Energy.

What are the top holdings of the MXI ETF and GNR ETF?

MXI top holdings include Linde Plc, BHP Group Ltd. and Air Liquide SA. GNR holds in its top three: Nutrien Ltd., Shell Plc and BHP Group Ltd..

Which ETF is more diversified: MXI or GNR?

MXI holds 94 securities with 49.1% of its assets in the top 15. GNR has 89 securities and a top 15 weight of 43.07%.

3 Famous Investment Portfolios (And How to Make Them with ETFs)

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