VS
When evaluating costs, BASE features a management fee (MER) of 0.6%, compared to 0.55% for XBM. Performance-wise, BASE has returned 16.01% year-to-date with +$44 M in net flows, whereas XBM is at 9.99% with +$192 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 | $88.72 M | $552.87 M |
| Management Fees | 0.60% | 0.55% |
| Exp. ratio | 0.80% | 0.60% |
| Tracking Difference | - | -0.83% |
Historical performance and flows
As of October 27, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | BASE | -2.34% | -1.63% | +16.01% | +24.12% | +31.02% |
XBM | -10.55% | -4.32% | +9.99% | +24.68% | +92.61% | |
| Flows | BASE | +$2 M | +$4 M | +$44 M | +$47 M | +$46 M |
XBM | +$3 M | -$4 M | +$192 M | +$212 M | +$208 M |
BASE vs XBM exposure
Countries
BASE
Exposure data will be available soon
XBM
Canada
42.47%
USA
32.44%
Australia
10.73%
United Kingdom
9.85%
Sectors
BASE
Exposure data will be available soon
XBM
Non-Energy Materials
99.42%
As of October 27, 2026
Top 10 Holdings
BASE
Exposure data will be available soon
XBM
Freeport-McMoRan, Inc.
11.18%
Teck Resources Limited
10.42%
BHP Group Ltd.
10.38%
Rio Tinto Plc
9.48%
First Quantum Minerals Ltd.
7.87%
Lundin Mining Corp.
6.34%
Southern Copper Corp.
6.18%
Alcoa Corp.
4.62%
Hudbay Minerals, Inc.
4.44%
MP Materials Corp.
2.60%
Diversification
BASE
Exposure data will be available soon
XBM
Total weight of top 10 holdings out of 54 total
73.50%
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 | 9.41% | 0.76% |
| 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 October 27, 2026, BASE has returned 16.01% year to date, while XBM has returned 9.99%. BASE is ahead on YTD performance.
Which ETF is larger by assets under management: BASE or XBM?
As of October 27, 2026, BASE manages $88.72 M in assets, while XBM manages $552.87 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.
Which ETF is attracting more investor flows: BASE or XBM?
Year to date, BASE has seen +$43.52 M in net flows, compared with +$191.78 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%.
Recent articles about BASE and XBM
Canada's Economic Comeback: 5 ETFs Riding the Minerals and Energy Opportunity
Canada is putting its natural resources and economic ambitions to work. From critical minerals to new oil export routes, five ETFs offer investors different ways to tap into the shift.
Posted on 10/16/2026 by Kyle Anthony inDividends
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