MXI vs TLTE
Comparison between ISHARES GLOBAL MATERIALS ETF (MXI, ETF) and FLEXSHARES MORNINGSTAR EMERGING MARKETS FACTOR TILT INDEX FUND (TLTE, ETF).
5-Year PerformanceTLTE has outperformed MXI, delivering a return of +8.7% compared to +8.0%
MXI vs TLTE - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
MXI
$362M
Winner
TLTE
$362M
Expense Ratio
Winner
MXI
0.39%
TLTE
0.57%
Max Drawdown
MXI
68.65%
Winner
TLTE
47.60%
Sharpe Ratio
MXI
1.33
Winner
TLTE
1.81
5Y Beta
MXI
0.81
Winner
TLTE
0.75
5Y Dividends CAGR
MXI
9.33%
Winner
TLTE
12.10%
MXI vs TLTE - Holdings Comparison
MXI and TLTE have 1 common holdings. Overlap is -0.02%
MXI's top 25 holdings weight is 66.25%. TLTE's top 25 holdings weight is 23.99%.
| Rank | MXI | TLTE |
|---|---|---|
| #1 | LINDE PLC (LIN) - 7.44% | n/a (n/a) - 5.87% |
| #2 | BHP GROUP LTD (n/a) - 7.27% | SAMSUNG ELECTRONICS CO LTD (n/a) - 4.54% |
| #3 | AIR LIQUIDE SA (n/a) - 3.82% | SK HYNIX INC (n/a) - 2.52% |
| #4 | NEWMONT CORP (NEM) - 3.78% | TENCENT HOLDINGS LTD (n/a) - 1.68% |
| #5 | RIO TINTO PLC ORDINARY SHARES (n/a) - 3.69% | n/a (n/a) - 1.20% |
| #6 | SHIN-ETSU CHEMICAL CO LTD (n/a) - 3.11% | CHINA CONSTRUCTION BANK CORP CLASS H (n/a) - 0.74% |
| #7 | FREEPORT-MCMORAN INC (FCX) - 3.09% | PDD HOLDINGS INC ADR (PDD) - 0.55% |
| #8 | AGNICO EAGLE MINES LTD (n/a) - 2.84% | HON HAI PRECISION INDUSTRY CO LTD (n/a) - 0.55% |
| #9 | GLENCORE PLC (n/a) - 2.41% | n/a (n/a) - 0.54% |
| #10 | CRH PLC (CRH) - 2.29% | n/a (n/a) - 0.52% |
| #11 | BARRICK MINING CORP (n/a) - 2.27% | RELIANCE INDUSTRIES LTD (n/a) - 0.46% |
| #12 | SHERWIN-WILLIAMS CO (SHW) - 2.18% | CASH (n/a) - 0.42% |
| #13 | ANGLO AMERICAN PLC (n/a) - 2.06% | VALE SA (n/a) - 0.40% |
| #14 | ECOLAB INC (ECL) - 2.05% | HDFC BANK LTD (n/a) - 0.39% |
| #15 | AIR PRODUCTS AND CHEMICALS INC (APD) - 1.99% | DELTA ELECTRONICS INC (n/a) - 0.37% |
| #16 | WHEATON PRECIOUS METALS CORP (WPM) - 1.88% | BANK OF CHINA LTD CLASS H (n/a) - 0.35% |
| #17 | VALE SA ADR (VALE) - 1.87% | HYUNDAI MOTOR CO (n/a) - 0.35% |
| #18 | NUCOR CORP (NUE) - 1.84% | MEDIATEK INC (n/a) - 0.35% |
| #19 | BASF SE (n/a) - 1.69% | n/a (n/a) - 0.35% |
| #20 | CORTEVA INC (CTVA) - 1.67% | n/a (n/a) - 0.33% |
| #21 | RIO TINTO LTD (n/a) - 1.61% | INTERNATIONAL HOLDINGS CO PJSC (n/a) - 0.33% |
| #22 | HOLCIM LTD (n/a) - 1.56% | XIAOMI CORP CLASS B (n/a) - 0.30% |
| #23 | FRANCO-NEVADA CORP (FNV) - 1.41% | n/a (n/a) - 0.30% |
| #24 | GRUPO MEXICO SAB DE CV CLASS B (n/a) - 1.24% | HD CONSTRUCTION EQUIPMENT (n/a) - 0.29% |
| #25 | VULCAN MATERIALS CO (VMC) - 1.19% | ICICI BANK LTD (n/a) - 0.29% |
| Total Holdings | 107 | 2463 |
MXI vs TLTE - Historical Returns
Returns include dividend reinvestment.
1M
MXI
+1.54%
Winner
TLTE
+7.32%
3M
MXI
+8.69%
Winner
TLTE
+18.09%
6M
MXI
+16.71%
Winner
TLTE
+29.21%
1Y
MXI
+33.71%
Winner
TLTE
+47.02%
5Y(CAGR)
MXI
+7.96%
Winner
TLTE
+8.66%
10Y(CAGR)
Winner
MXI
+11.51%
TLTE
+10.00%
Max(CAGR)
Winner
MXI
+6.69%
TLTE
+6.26%
MXI vs TLTE - Annual Returns (2006 - 2026)
Returns include dividend reinvestment.
| Year | MXI | TLTE |
|---|---|---|
| 2026 | +13.73% | +24.03% |
| 2025 | +27.65% | +30.52% |
| 2024 | -7.48% | +4.53% |
| 2023 | +14.37% | +12.92% |
| 2022 | -8.61% | -17.88% |
| 2021 | +13.65% | +3.78% |
| 2020 | +22.08% | +10.36% |
| 2019 | +22.32% | +14.45% |
| 2018 | -17.31% | -19.05% |
| 2017 | +29.31% | +31.58% |
| 2016 | +25.67% | +15.54% |
| 2015 | -16.71% | -12.45% |
| 2014 | -7.30% | -2.23% |
| 2013 | -0.41% | -4.39% |
| 2012 | +7.02% | +6.36% |
| 2011 | -20.83% | N/A |
| 2010 | +16.37% | N/A |
| 2009 | +56.48% | N/A |
| 2008 | -48.27% | N/A |
| 2007 | +39.00% | N/A |
| 2006 | +16.65% | N/A |
MXI vs TLTE Drawdown Comparison
The maximum drawdown for MXI was -68.44%, occurring on Nov 20, 2008. Recovery took 2431 trading sessions.
The maximum drawdown for TLTE was -44.20%, occurring on Mar 23, 2020. Recovery took 743 trading sessions.
The current MXI drawdown is -4.46%.
| Rank | MXI | TLTE |
|---|---|---|
| #1 | -68.44% May 19, 2008 - Jan 12, 2018 | -44.20% Jan 26, 2018 - Jan 8, 2021 |
| #2 | -39.50% Jan 26, 2018 - Aug 17, 2020 | -33.82% Sep 5, 2014 - Jun 2, 2017 |
| #3 | -28.72% Apr 1, 2022 - Mar 20, 2024 | -33.49% Jun 4, 2021 - Jun 9, 2025 |
| #4 | -22.25% Sep 26, 2024 - Sep 5, 2025 | -16.76% Jan 3, 2013 - Jul 3, 2014 |
| #5 | -18.11% Oct 29, 2007 - Apr 16, 2008 | -13.04% Feb 25, 2026 - May 1, 2026 |
| #6 | -17.47% Jul 23, 2007 - Sep 21, 2007 | -8.01% Jun 2, 2026 - Jun 18, 2026 |
| #7 | -16.18% Feb 27, 2026 - Mar 20, 2026 | -6.42% Feb 17, 2021 - Apr 26, 2021 |
| #8 | -11.52% May 7, 2021 - Mar 25, 2022 | -5.46% May 8, 2026 - May 26, 2026 |
| #9 | -9.16% Feb 26, 2007 - Mar 21, 2007 | -5.41% Jan 21, 2021 - Feb 8, 2021 |
| #10 | -8.99% May 20, 2024 - Sep 24, 2024 | -4.44% Oct 29, 2025 - Dec 26, 2025 |
| #11 | -8.16% Sep 15, 2020 - Nov 6, 2020 | -4.43% May 7, 2021 - May 28, 2021 |
| #12 | -7.95% Jan 7, 2021 - Mar 11, 2021 | -4.40% Nov 22, 2017 - Dec 27, 2017 |
| #13 | -5.69% Oct 12, 2007 - Oct 29, 2007 | -4.15% Oct 17, 2012 - Dec 5, 2012 |
| #14 | -5.56% Oct 20, 2025 - Nov 12, 2025 | -3.94% Oct 6, 2025 - Oct 20, 2025 |
| #15 | -5.44% Nov 12, 2025 - Nov 28, 2025 | -3.60% Jul 23, 2014 - Aug 19, 2014 |
Correlation
Correlation between MXI and TLTE is 0.92 which considered as a very strong positive correlation - the stocks move almost identically together.
0.92
-101
Dividend Comparison (2006 - 2026)
MXI vs TLTE dividend yield comparison.
| Year | MXI | TLTE |
|---|---|---|
| 2026 | 1.02% | 0.34% |
| 2025 | 2.22% | 3.76% |
| 2024 | 3.24% | 3.73% |
| 2023 | 2.92% | 4.03% |
| 2022 | 4.84% | 4.42% |
| 2021 | 3.51% | 3.21% |
| 2020 | 1.21% | 1.95% |
| 2019 | 3.64% | 3.23% |
| 2018 | 2.77% | 3.02% |
| 2017 | 1.76% | 2.12% |
| 2016 | 1.31% | 2.30% |
| 2015 | 3.64% | 2.00% |
| 2014 | 2.32% | 2.06% |
| 2013 | 2.14% | 0.83% |
| 2012 | 2.09% | 0.10% |
| 2011 | 2.21% | 0.00% |
| 2010 | 1.64% | 0.00% |
| 2009 | 0.73% | 0.00% |
| 2008 | 2.67% | 0.00% |
| 2007 | 0.62% | 0.00% |
| 2006 | 0.29% | 0.00% |
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