MXI: Materials Dashboard For March

The chemicals and mining/metals subsectors are overvalued by over 30% versus 11-year averages, though mining/metals has a good quality score. iShares Global Materials ETF provides diversified global exposure to materials, with a 47% weighting in mining/metals and 39% in chemicals. MXI offers better value than the U.S. benchmark XLB but has historically underperformed it since 2006.