PICK vs. IYM - ETF Comparison
PICK - iShares MSCI Global Metals & Mining Producers ETF
The iShares MSCI Global Metals & Mining Producers ETF provides diversified exposure to the global metals and mining industry, investing in a broad range of companies engaged in the extraction and production of metals, including aluminum, steel, and precious metals. This fund offers a way to tilt portfolio exposure towards the mining sector or bet on a short-term surge in mining stocks.
IYM - iShares U.S. Basic Materials ETF
The iShares U.S. Basic Materials ETF provides exposure to the U.S. materials sector, offering a way to invest in companies engaged in the extraction and production of natural resources. This fund can be used to establish a tactical tilt towards the materials sector or as part of a sector rotation strategy.
| PICK | IYM | |
|---|---|---|
| Fund Name | iShares MSCI Global Metals & Mining Producers ETF | iShares U.S. Basic Materials ETF |
| Fund Provider | BlackRock | BlackRock |
| Index | MSCI ACWI Select Metals & Mining Producers Ex Gold & Silver Investable Market Index | Russell 1000 Basic Materials RIC 22.5/45 Capped Index |
| Asset Class | Equity | Equity |
| Listing | US-listed | US-listed |
| Expense Ratio | 0.39% | 0.40% |
| Inception Date | 2012-01-31 | 2000-06-12 |
| Number Of Holdings | 259 | 39 |
| Currency | USD | USD |
| Region | Developed Markets | United States |
| Investment Style | Blend | Blend |
| Market Cap | Large-Cap | Large-Cap |
| Sector | Materials | Materials |
| Leveraged | Non-leveraged | Non-leveraged |
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Key Metrics
Performance Metrics
Risk Metrics
Detailed Returns
Benchmark Comparison
Key Metrics
Performance Metrics
Risk Metrics
Detailed Returns
Benchmark Comparison
Performance Analysis
The performance analysis examines historical data to assess the returns of the investment strategy, including key metrics such as Cumulative returns, End of Year (EoY) returns, and risk-adjusted returns like the Sharpe ratio or the Sortino ratio.
Cumulative Returns
End of Year Returns Table
End of Year Returns
Risk Analysis
The risk analysis refers to an assessment of potential negative events that could lead to a loss of capital. Conducting a risk analysis can help in deciding whether an investment should be made. This is done using risk metrics such as drawdowns, volatility and beta which reflect stakeholders' confidence in the consistency of an investment strategy.
Drawdowns
Drawdowns Table
Monte Carlo Simulation
The Monte Carlo simulation is a statistical method used to forecast portfolio returns by generating a wide range of potential outcomes through random sampling from historical asset price data. It helps investors assess the potential risk and return of a portfolio under various market conditions. The simulation takes into account the initial investment and optionally simulates cash flow scenarios like fixed contributions, fixed withdrawals, or percentage withdrawals.
IMPORTANT: The forecast generated through Monte Carlo simulations is purely hypothetical and does not guarantee future returns. Investment decisions should be made with consideration of various factors, and past performance is not indicative of future results.