VS
iShares S&P/TSX Global Base Metals Index ETF (XBM) and iShares S&P/TSX Energy Transition Materials Index ETF (XETM) 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 XETM leans towards Non-Energy Materials and Energy. When evaluating costs, XBM features a management fee (MER) of 0.55%, compared to 0.55% for XETM. Performance-wise, XBM has returned 8.25% year-to-date with +$198 M in net flows, whereas XETM is at 1.19% with +$108 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
XETM
| AuM | $550.49 M | $107.96 M |
| Management Fees | 0.55% | 0.55% |
| Exp. ratio | 0.60% | 0.59% |
| Tracking Difference | -0.71% | -0.70% |
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% |
XETM | -11.01% | -16.53% | +1.19% | +14.43% | +113.73% | |
| Flows | XBM | +$9 M | +$17 M | +$198 M | +$213 M | +$215 M |
XETM | +$11 M | +$7 M | +$108 M | +$111 M | +$118 M |
XBM vs XETM exposure
Countries
XBM
Canada
41.90%
USA
32.43%
United Kingdom
10.54%
Australia
10.53%
XETM
Canada
64.30%
USA
21.79%
Other
13.91%
Sectors
XBM
Non-Energy Materials
99.56%
XETM
Non-Energy Materials
85.70%
Energy
13.96%
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%
XETM
Teck Resources Limited
8.66%
Lundin Mining Corp.
7.74%
First Quantum Minerals Ltd.
7.58%
Cameco Corp.
6.76%
Freeport-McMoRan, Inc.
6.73%
Hudbay Minerals, Inc.
4.60%
BHP Group Ltd.
3.99%
Rio Tinto Plc
3.91%
Southern Copper Corp.
3.24%
Capstone Copper Corp.
3.22%
Diversification
XBM
Total weight of top 10 holdings out of 58 total
72.29%
XETM
Total weight of top 10 holdings out of 109 total
56.43%
Characteristics
Compare
XBM
XETM
| Provider | iShares | iShares |
| Management | Passively managed | Passively managed |
| Benchmark | S&P/TSX Global Base Metals Total Return Index - CAD | S&P/TSX Energy Transition Materials Index - CAD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 0.77% | 0.29% |
| Meets ESG criteria | No | Yes |
| Inception Date | April 12, 2011 | September 6, 2023 |
Frequently asked questions about XBM and XETM
Which ETF has performed better year to date: XBM or XETM?
As of November 9, 2026, XBM has returned 8.25% year to date, while XETM has returned 1.19%. XBM is ahead on YTD performance.
Which ETF is larger by assets under management: XBM or XETM?
As of November 9, 2026, XBM manages $550.49 M in assets, while XETM manages $107.96 M. XBM is the larger fund by AUM.
How are XBM and XETM managed?
XBM is passively managed by iShares. It tracks the S&P/TSX Global Base Metals Total Return Index - CAD benchmark. XETM is passively managed by iShares. It tracks the S&P/TSX Energy Transition Materials Index - CAD benchmark.
What sectors do XBM and XETM emphasize?
XBM is most exposed to Non-Energy Materials and Industrials. XETM is most exposed to Non-Energy Materials and Energy.
Which ETF is attracting more investor flows: XBM or XETM?
Year to date, XBM has seen +$197.89 M in net flows, compared with +$107.96 M for XETM. XBM has attracted more net investor money so far.
How do the fees of XBM and XETM compare?
XBM has an expense ratio of 0.60%, while XETM has an expense ratio of 0.59%.
What are the top holdings of XBM and XETM?
XBM's largest holdings include Teck Resources Limited, BHP Group Ltd., and Freeport-McMoRan, Inc.. XETM's top holdings include Teck Resources Limited, Lundin Mining Corp., and First Quantum Minerals Ltd..
Which ETF is more diversified: XBM or XETM?
XBM holds 58 securities, while XETM holds 107. On holdings count, XETM is the more diversified portfolio.
Recent articles about XBM and XETM
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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