VS
Evolve Global Materials & Mining Enhanced Yield Index ETF (BASE) and iShares S&P/TSX Global Base Metals Index ETF (XBM) offer distinct profiles for Canadian ETF investors. A direct comparison shows that BASE focuses its top 3 sector exposures on Non-Energy Materials, while XBM leans towards Non-Energy Materials and Industrials. When evaluating costs, BASE features a management fee (MER) of 0.6%, compared to 0.55% for XBM. Performance-wise, BASE has returned 15.99% year-to-date with +$39 M in net flows, whereas XBM is at 10.63% with +$199 M. Use the comparison tool below to benchmark these funds across top 10 holdings, yield, sector weights and historical returns.
NAV Performance and Flows
Key Data
Compare
BASE
XBM
| AuM | $87.04 M | $562.61 M |
| Management Fees | 0.60% | 0.55% |
| Exp. ratio | 0.80% | 0.60% |
| Tracking Difference | - | -1.14% |
Historical performance and flows
As of July 29, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | BASE | -1.13% | -3.47% | +15.99% | +35.49% | +16.51% |
XBM | -6.38% | -5.86% | +10.63% | +58.19% | +58.27% | |
| Flows | BASE | +$5 M | +$12 M | +$39 M | +$45 M | +$45 M |
XBM | +$0 M | +$54 M | +$199 M | +$211 M | +$205 M |
BASE vs XBM exposure
Countries
BASE
USA
60.60%
United Kingdom
9.57%
Other
29.83%
XBM
Canada
39.84%
USA
33.77%
Australia
10.65%
United Kingdom
10.06%
Sectors
BASE
Non-Energy Materials
93.50%
XBM
Non-Energy Materials
98.62%
As of July 29, 2026
Top 10 Holdings
BASE
Carpenter Technology Corp.
7.41%
Steel Dynamics, Inc.
6.39%
Nucor Corp.
6.37%
ATI, Inc.
6.28%
BHP Group Ltd.
5.82%
Rio Tinto Plc
5.21%
ArcelorMittal SA
5.19%
US26614N2018
5.08%
Freeport-McMoRan, Inc.
4.91%
Southern Copper Corp.
4.79%
XBM
Freeport-McMoRan, Inc.
10.29%
BHP Group Ltd.
10.20%
Teck Resources Limited
10.08%
Rio Tinto Plc
9.73%
First Quantum Minerals Ltd.
7.16%
Lundin Mining Corp.
6.39%
Southern Copper Corp.
5.64%
Alcoa Corp.
5.34%
Hudbay Minerals, Inc.
4.05%
MP Materials Corp.
2.94%
Diversification
BASE
Total weight of top 10 holdings out of 20 total
57.46%
XBM
Total weight of top 10 holdings out of 54 total
71.82%
Characteristics
Compare
BASE
XBM
| Provider | Evolve ETFs | iShares |
| Management | Actively managed | Passively managed |
| Benchmark | - | S&P/TSX Global Base Metals Total Return Index - CAD |
| Replication Method | Direct (Physical) | |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 8.40% | 0.75% |
| Meets ESG criteria | No | No |
| Inception Date | June 12, 2019 | April 12, 2011 |
Frequently asked questions about BASE and XBM
Which ETF has performed better year to date: BASE or XBM?
As of July 29, 2026, BASE has returned 15.99% year to date, while XBM has returned 10.63%. BASE is ahead on YTD performance.
Which ETF is larger by assets under management: BASE or XBM?
As of July 29, 2026, BASE manages $87.04 M in assets, while XBM manages $562.61 M. XBM is the larger fund by AUM.
How are BASE and XBM managed?
BASE is actively managed by Evolve ETFs. It does not track an index. XBM is passively managed by iShares. It tracks the S&P/TSX Global Base Metals Total Return Index - CAD benchmark.
What sectors do BASE and XBM emphasize?
BASE is most exposed to Non-Energy Materials. XBM is most exposed to Non-Energy Materials and Industrials.
Which ETF is attracting more investor flows: BASE or XBM?
Year to date, BASE has seen +$39.12 M in net flows, compared with +$198.72 M for XBM. XBM has attracted more net investor money so far.
How do the fees of BASE and XBM compare?
BASE has an expense ratio of 0.80%, while XBM has an expense ratio of 0.60%.
What are the top holdings of BASE and XBM?
BASE's largest holdings include Carpenter Technology Corp., Steel Dynamics, Inc., and Nucor Corp.. XBM's top holdings include Freeport-McMoRan, Inc., BHP Group Ltd., and Teck Resources Limited.
Which ETF is more diversified: BASE or XBM?
BASE holds 20 securities, while XBM holds 54. On holdings count, XBM is the more diversified portfolio.
Recent articles about BASE and XBM
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