VS
iShares S&P/TSX Global Base Metals Index ETF (XBM) and Global X Copper Producers Index ETF (COPP) offer distinct profiles for Canadian ETF investors. A direct comparison shows that XBM focuses its top 3 sector exposures on Non-Energy Materials and Industrials, while COPP leans towards Non-Energy Materials. When evaluating costs, XBM features a management fee (MER) of 0.55%, compared to 0.81% for COPP. Performance-wise, XBM has returned 8.25% year-to-date with +$198 M in net flows, whereas COPP is at 2.38% with +$134 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
XBM
COPP
| AuM | $550.49 M | $183.65 M |
| Management Fees | 0.55% | 0.81% |
| Exp. ratio | 0.60% | 0.79% |
| Tracking Difference | -0.71% | - |
Historical performance and flows
As of November 9, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | XBM | -12.00% | -15.94% | +8.25% | +21.33% | +100.88% |
COPP | -12.86% | -16.08% | +2.38% | +16.71% | +144.10% | |
| Flows | XBM | +$9 M | +$17 M | +$198 M | +$213 M | +$215 M |
COPP | +$10 M | +$17 M | +$134 M | +$145 M | +$173 M |
XBM vs COPP exposure
Countries
XBM
Canada
41.90%
USA
32.43%
United Kingdom
10.54%
Australia
10.53%
COPP
Canada
64.47%
USA
23.79%
Other
11.74%
Sectors
XBM
Non-Energy Materials
99.56%
COPP
Non-Energy Materials
99.66%
As of November 9, 2026
Top 10 Holdings
XBM
Teck Resources Limited
10.45%
BHP Group Ltd.
10.27%
Freeport-McMoRan, Inc.
10.25%
Rio Tinto Plc
10.14%
Southern Copper Corp.
7.05%
First Quantum Minerals Ltd.
6.82%
Lundin Mining Corp.
6.04%
Hudbay Minerals, Inc.
4.46%
Alcoa Corp.
4.15%
MP Materials Corp.
2.65%
COPP
Southern Copper Corp.
11.38%
Freeport-McMoRan, Inc.
11.18%
Teck Resources Limited
10.41%
First Quantum Minerals Ltd.
10.20%
Hudbay Minerals, Inc.
9.35%
Ivanhoe Mines Ltd.
9.15%
Lundin Mining Corp.
8.23%
Capstone Copper Corp.
5.92%
BHP Group Ltd.
4.86%
Rio Tinto Plc
4.38%
Diversification
XBM
Total weight of top 10 holdings out of 58 total
72.29%
COPP
Total weight of top 10 holdings out of 19 total
85.06%
Characteristics
Compare
XBM
COPP
| Provider | iShares | Global X |
| Management | Passively managed | Passively managed |
| Benchmark | S&P/TSX Global Base Metals Total Return Index - CAD | Solactive North American Listed Copper Producers Index NR - USD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 0.77% | 0.17% |
| Meets ESG criteria | No | No |
| Inception Date | April 12, 2011 | May 16, 2022 |
Frequently asked questions about XBM and COPP
Which ETF has performed better year to date: XBM or COPP?
As of November 9, 2026, XBM has returned 8.25% year to date, while COPP has returned 2.38%. XBM is ahead on YTD performance.
Which ETF is larger by assets under management: XBM or COPP?
As of November 9, 2026, XBM manages $550.49 M in assets, while COPP manages $183.65 M. XBM is the larger fund by AUM.
How are XBM and COPP managed?
XBM is passively managed by iShares. It tracks the S&P/TSX Global Base Metals Total Return Index - CAD benchmark. COPP is passively managed by Global X. It tracks the Solactive North American Listed Copper Producers Index NR - USD benchmark.
What sectors do XBM and COPP emphasize?
XBM is most exposed to Non-Energy Materials and Industrials. COPP is most exposed to Non-Energy Materials.
Which ETF is attracting more investor flows: XBM or COPP?
Year to date, XBM has seen +$197.89 M in net flows, compared with +$134.21 M for COPP. XBM has attracted more net investor money so far.
How do the fees of XBM and COPP compare?
XBM has an expense ratio of 0.60%, while COPP has an expense ratio of 0.79%.
What are the top holdings of XBM and COPP?
XBM's largest holdings include Teck Resources Limited, BHP Group Ltd., and Freeport-McMoRan, Inc.. COPP's top holdings include Southern Copper Corp., Freeport-McMoRan, Inc., and Teck Resources Limited.
Which ETF is more diversified: XBM or COPP?
XBM holds 58 securities, while COPP holds 19. On holdings count, XBM is the more diversified portfolio.
Recent articles about XBM and COPP
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