MXI vs EWA: Holdings Overlap
MXIiShares Global Materials ETF
iShares · 101 holdings · $349M · as of 2026-03-31
iShares · 48 holdings · $1.4B · as of 2026-05-31
Holdings snapshots are 61 days apart (MXI: 2026-03-31, EWA: 2026-05-31). Weights and index membership change between snapshots, so the true current overlap is typically higher than shown. For funds tracking the same index, the gap can be 5–15 points.
How similar are MXI and EWA?
iShares Global Materials ETF (MXI, by iShares) holds 101 positions; iShares MSCI Australia ETF (EWA, by iShares) holds 48. They have 9 holdings in common, and by portfolio weight the two funds are 10.7% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 10.7%Sum of the smaller weight of each shared holding
- Shared Holdings
- 9MXI holds 101 · EWA holds 48
- Weight in Shared Holdings
- MXI 11%·EWA 26%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 MXI
92 of 101 positions (89.0% of the fund) are not held by EWA. Showing the top 30 by weight.
Sector Breakdown
| Sector | MXI | EWA |
|---|---|---|
| Materials | 99.5% | 25.5% |
| Financials | 0.0% | 40.6% |
| Consumer Discretionary | 0.0% | 5.9% |
| Real Estate | 0.1% | 5.3% |
| Industrials | 0.0% | 4.7% |
| Other Sectors | 0.0% | 16.5% |
| Unclassified | 0.0% | 1.0% |
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 (0% of MXI, 1% of EWA).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| MXI | +6.2% | +18.1% | +32.9% | +13.0% | +7.2% | +10.9% | 1.62% |
| EWA | +8.1% | +17.8% | +17.9% | +14.3% | +7.2% | +8.2% | 2.79% |
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 MXI vs EWA →
Shared Holdings(9)
The top 9 shared positions account for 100% of the overlap, led by BHP, RIO and FMG.
 BHPBHP Group Ltd. NPV | 6.21% | 15.69% | 6.21% |
|---|---|---|---|
 RIORio Tinto Ltd. | 1.43% | 3.45% | 1.43% |
 FMGFortescue Ltd. NPV | 0.80% | 1.89% | 0.80% |
 NSTNorthern Star Resources Ltd. NPV | 0.70% | 1.29% | 0.70% |
 EVNEvolution Mining Ltd. | 0.62% | 1.24% | 0.62% |
 S32South32 Ltd. | 0.46% | 1.08% | 0.46% |
 LYCLynas Rare Earths Ltd | 0.42% | 0.87% | 0.42% |
| AUSTRALIAN DOLLAR | 0.06% | 0.10% | 0.06% |
| Euro | 0.03% | 0.00% | 0.00% |
Frequently Asked Questions
How much do MXI and EWA overlap?
MXI and EWA overlap by 10.7% of portfolio weight. They share 9 holdings (MXI holds 101 positions and EWA holds 48), based on each fund's latest SEC-reported holdings.
Is it redundant to own both MXI and EWA?
The two portfolios are 10.7% identical by weight. Owning both is not redundant. Most of each portfolio is distinct, so the funds can serve different roles.
What are the biggest shared holdings of MXI and EWA?
The largest positions held by both funds are BHP, RIO, FMG, NST and EVN. Together the top 9 shared positions account for 100% of the total overlap.
What does MXI own that EWA doesn't?
92 positions (89.0% of MXI) are unique to MXI, led by LIN, AI and NEM. In the other direction, 39 positions (73.9% of EWA) are unique to EWA.