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 Materials, while XBM leans towards Materials. When evaluating costs, BASE features a management fee (MER) of 0.6%, compared to 0.55% for XBM. Performance-wise, BASE has returned 22.05% year-to-date with +$27 M in net flows, whereas XBM is at 16.58% with +$145 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 | $81.88 M | $547.11 M |
| Management Fees | 0.60% | 0.55% |
| Exp. ratio | 0.80% | 0.60% |
| Tracking Difference | - | -1.01% |
Historical performance and flows
As of April 28, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | BASE | +5.35% | +3.07% | +22.05% | +51.12% | +31.97% |
XBM | +12.50% | -4.98% | +16.58% | +92.25% | +78.68% | |
| Flows | BASE | -$1 M | +$17 M | +$27 M | +$20 M | +$36 M |
XBM | +$32 M | +$77 M | +$145 M | +$158 M | +$120 M |
BASE vs XBM exposure
Countries
BASE
USA
88.43%
Netherlands
7.86%
XBM
USA
55.61%
Canada
41.83%
Sectors
BASE
Materials
67.29%
Other
32.71%
XBM
Materials
68.82%
Other
31.18%
As of April 28, 2026
Top 10 Holdings
BASE
LYONDELLBASELL INDUSTRIES
7.86%
DOW INC
7.47%
CARPENTER TECHNOLOGY
5.36%
US0886061086
5.28%
US6934831099
5.25%
ATI INC
5.19%
US7672041008
5.14%
US91912E1055
5.05%
ALCOA CORP
4.86%
STEEL DYNAMICS
4.75%
XBM
US7672041008
10.83%
US0886061086
10.60%
FREEPORT-MCMORAN INC
10.21%
TECK RESOURCES LIMITED
9.29%
ALCOA CORP
6.90%
LUNDIN MINING
6.74%
FST QUANTUM MIN
6.47%
SOUTHERN COPPER CORPORATION
5.71%
HUDBAY MINERALS
3.33%
MP MATERIALS CORPORATION
2.61%
Diversification
BASE
Total weight of top 10 holdings out of 19 total
56.21%
XBM
Total weight of top 10 holdings out of 57 total
72.68%
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 | 6.66% | 0.74% |
| 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 April 28, 2026, BASE has returned 22.05% year to date, while XBM has returned 16.58%. BASE is ahead on YTD performance.
Which ETF is larger by assets under management: BASE or XBM?
As of April 28, 2026, BASE manages $81.88 M in assets, while XBM manages $547.11 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 Materials. XBM is most exposed to Materials.
Which ETF is attracting more investor flows: BASE or XBM?
Year to date, BASE has seen +$27.23 M in net flows, compared with +$144.92 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 LYONDELLBASELL INDUSTRIES and DOW INC. XBM's top holdings include FREEPORT-MCMORAN INC and TECK RESOURCES LIMITED.
Which ETF is more diversified: BASE or XBM?
BASE holds 14 securities, while XBM holds 39. On holdings count, XBM is the more diversified portfolio.
Recent articles about BASE and XBM
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