ILF vs MXI: Holdings Overlap
ILFiShares Latin America 40 ETF
iShares · 44 holdings · $3.8B · as of 2026-03-31
MXIiShares Global Materials ETF
iShares · 101 holdings · $349M · as of 2026-03-31
How similar are ILF and MXI?
iShares Latin America 40 ETF (ILF, by iShares) holds 44 positions; iShares Global Materials ETF (MXI, by iShares) holds 101. They have 8 holdings in common, and by portfolio weight the two funds are 4.7% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 4.7%Sum of the smaller weight of each shared holding
- Shared Holdings
- 8ILF holds 44 · MXI holds 101
- Weight in Shared Holdings
- ILF 21%·MXI 5%Share of each fund's weight in stocks both funds own
Based on each fund's latest official holdings. How is this calculated?
What makes each fund different
Only in ILF
36 of 44 positions (77.9% of the fund) are not held by MXI. Showing the top 30 by weight.
Sector Breakdown
| Sector | ILF | MXI |
|---|---|---|
| Materials | 21.4% | 99.5% |
| Financials | 36.9% | 0.0% |
| Energy | 13.0% | 0.0% |
| Consumer Staples | 9.4% | 0.0% |
| Industrials | 6.6% | 0.0% |
| Other Sectors | 11.0% | 0.2% |
| Unclassified | 1.2% | 0.0% |
Share of each fund's portfolio weight by GICS-style sector, compiled from issuer fund data and our own classification of the holdings, not the issuers' published sector charts. “Unclassified” is weight we could not classify (1% of ILF, 0% of MXI).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| ILF | +2.7% | +15.2% | +38.5% | +14.3% | +10.7% | +7.1% | 3.41% |
| MXI | +6.2% | +18.1% | +32.9% | +13.0% | +7.2% | +10.9% | 1.62% |
Total returns including dividends, from adjusted daily closes as of 2026-08-07. 3Y/5Y/10Y are annualized. Yield is trailing-12-month distributions over the last close. Past performance does not predict future results.
Project the growth of $10,000 in ILF vs MXI →
Shared Holdings(8)
The top 8 shared positions account for 100% of the overlap, led by VALE, GMEXICOB and CEMEXCPO.
 VALEVale SA | 8.83% | 1.93% | 1.93% |
|---|---|---|---|
 GMEXICOBGrupo Mexico SAB de CV, Series B | 5.16% | 1.13% | 1.13% |
 CEMEXCPOCemex SAB de CV | 2.69% | 0.58% | 0.58% |
 SCCOSouthern Copper Corporation COM | 2.20% | 0.48% | 0.48% |
 SQMSociedad Quimica y Minera de Chile SA | 1.79% | 0.39% | 0.39% |
 GGBGerdau SA | 0.72% | 0.16% | 0.16% |
| CHILEAN PESO | 0.06% | 0.00% | 0.00% |
| MEXICAN NUEVO PESO | 0.03% | 0.00% | 0.00% |
Frequently Asked Questions
How much do ILF and MXI overlap?
ILF and MXI overlap by 4.7% of portfolio weight. They share 8 holdings (ILF holds 44 positions and MXI holds 101), based on each fund's latest SEC-reported holdings.
Is it redundant to own both ILF and MXI?
The two portfolios are 4.7% identical by weight. Owning both is genuine diversification: the funds hold almost none of the same securities.
What are the biggest shared holdings of ILF and MXI?
The largest positions held by both funds are VALE, GMEXICOB, CEMEXCPO, SCCO and SQM. Together the top 8 shared positions account for 100% of the total overlap.
What does ILF own that MXI doesn't?
36 positions (77.9% of ILF) are unique to ILF, led by NU, ITUB and PBR-A. In the other direction, 93 positions (95.0% of MXI) are unique to MXI.