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Compare CI Morningstar Canada Momentum Index ETF (WXM) vs Global X Inovestor Canadian Equity Index ETF (INOC) to find the best fit for your portfolio. WXM provides Finance, Non-Energy Materials, and Industrials exposures, while INOC is primarily weighted in Non-Energy Materials, Finance, and Industrials. When evaluating costs, WXM features a management fee (MER) of 0.6%, compared to 0.75% for INOC. Performance-wise, WXM has returned 14.38% year-to-date with +$96 M in net flows, whereas INOC is at 17.7% with -$7 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
WXM
INOC
| AuM | $1,113.49 M | $30.75 M |
| Management Fees | 0.60% | 0.75% |
| Exp. ratio | 0.65% | 0.74% |
| Tracking Difference | -0.93% | -1.07% |
Historical performance and flows
As of October 19, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | WXM | +0.48% | +0.68% | +14.38% | +24.20% | +123.69% |
INOC | -0.01% | +4.00% | +17.70% | +24.26% | +63.85% | |
| Flows | WXM | -$5 M | -$459 M | +$96 M | +$83 M | +$41 M |
INOC | -$1 M | -$4 M | -$7 M | -$7 M | -$10 M |
WXM vs INOC exposure
Countries
WXM
Canada
93.46%
INOC
Canada
90.88%
Other
9.12%
Sectors
WXM
Finance
28.32%
Non-Energy Materials
22.41%
Industrials
15.37%
Other
33.90%
INOC
Non-Energy Materials
23.73%
Finance
18.17%
Industrials
10.79%
Technology
8.59%
Energy
8.38%
Consumer Non-Cyclicals
7.18%
Other
23.16%
As of October 19, 2026
Top 10 Holdings
WXM
DPM Metals, Inc.
4.79%
K92 Mining, Inc.
4.37%
Altius Minerals Corp.
3.89%
Great-West Lifeco, Inc.
3.78%
Teck Resources Limited
3.71%
Restaurant Brands International, Inc.
3.68%
IGM Financial, Inc.
3.65%
CES Energy Solutions Corp.
3.61%
PrairieSky Royalty Ltd.
3.60%
The Toronto-Dominion Bank
3.58%
INOC
K92 Mining, Inc.
5.51%
DPM Metals, Inc.
5.17%
Wesdome Gold Mines Ltd.
5.08%
Altius Minerals Corp.
4.48%
Canadian Natural Resources Ltd.
4.38%
Constellation Software, Inc.
4.35%
CGI, Inc.
4.24%
ARC Resources Ltd.
4.00%
Restaurant Brands International, Inc.
3.98%
CCL Industries, Inc.
3.95%
Diversification
WXM
Total weight of top 10 holdings out of 31 total
38.68%
INOC
Total weight of top 10 holdings out of 24 total
45.14%
Characteristics
Compare
WXM
INOC
| Provider | CI | Global X |
| Management | Passively managed | Passively managed |
| Benchmark | Morningstar Canada Target Momentum Total Return Index - CAD | Nasdaq Inovestor Canada Net Total Return Index - CAD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 1.14% | 0.86% |
| Meets ESG criteria | No | No |
| Inception Date | February 13, 2012 | November 13, 2017 |
Frequently asked questions about WXM and INOC
Which ETF has performed better year to date: WXM or INOC?
As of October 19, 2026, WXM has returned 14.38% year to date, while INOC has returned 17.70%. INOC is ahead on YTD performance.
Which ETF is larger by assets under management: WXM or INOC?
As of October 19, 2026, WXM manages $1.11 B in assets, while INOC manages $30.75 M. WXM is the larger fund by AUM.
How are WXM and INOC managed?
WXM is passively managed by CI. It tracks the Morningstar Canada Target Momentum Total Return Index - CAD benchmark. INOC is passively managed by Global X. It tracks the Nasdaq Inovestor Canada Net Total Return Index - CAD benchmark.
What sectors do WXM and INOC emphasize?
WXM is most exposed to Finance, Non-Energy Materials, and Industrials. INOC is most exposed to Non-Energy Materials, Finance, and Industrials.
Which ETF is attracting more investor flows: WXM or INOC?
Year to date, WXM has seen +$96.37 M in net flows, compared with -$6.75 M for INOC. WXM has attracted more net investor money so far.
How do the fees of WXM and INOC compare?
WXM has an expense ratio of 0.65%, while INOC has an expense ratio of 0.74%.
What are the top holdings of WXM and INOC?
WXM's largest holdings include DPM Metals, Inc., K92 Mining, Inc., and Altius Minerals Corp.. INOC's top holdings include K92 Mining, Inc., DPM Metals, Inc., and Wesdome Gold Mines Ltd..
Which ETF is more diversified: WXM or INOC?
WXM holds 31 securities, while INOC holds 24. On holdings count, WXM is the more diversified portfolio.
Recent articles about WXM and INOC
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