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Compare iShares S&P/TSX Global Base Metals Index ETF (XBM) vs iShares S&P/TSX Global Gold Index ETF (XGD) to find the best fit for your portfolio. XBM provides Non-Energy Materials and Industrials exposures, while XGD is primarily weighted in Non-Energy Materials. When evaluating costs, XBM features a management fee (MER) of 0.55%, compared to 0.55% for XGD. Performance-wise, XBM has returned 8.25% year-to-date with +$198 M in net flows, whereas XGD is at 14.4% with +$407 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
XGD
| AuM | $550.49 M | $4,800.08 M |
| Management Fees | 0.55% | 0.55% |
| Exp. ratio | 0.60% | 0.61% |
| Tracking Difference | -0.71% | 0.91% |
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% |
XGD | +3.00% | +4.59% | +14.40% | +27.94% | +266.30% | |
| Flows | XBM | +$9 M | +$17 M | +$198 M | +$213 M | +$215 M |
XGD | +$179 M | +$577 M | +$407 M | +$351 M | +$711 M |
XBM vs XGD exposure
Countries
XBM
Canada
41.90%
USA
32.43%
United Kingdom
10.54%
Australia
10.53%
XGD
Canada
62.27%
USA
29.78%
Other
7.95%
Sectors
XBM
Non-Energy Materials
99.56%
XGD
Non-Energy Materials
99.92%
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%
XGD
Newmont Corp.
16.56%
Agnico Eagle Mines Ltd.
12.68%
Barrick Mining Corp.
9.14%
Wheaton Precious Metals Corp.
8.29%
Franco-Nevada Corp.
6.27%
Anglogold Ashanti Plc
5.51%
Gold Fields Ltd.
4.41%
Kinross Gold Corp.
3.91%
Royal Gold, Inc.
2.73%
Pan American Silver Corp.
2.59%
Diversification
XBM
Total weight of top 10 holdings out of 58 total
72.29%
XGD
Total weight of top 10 holdings out of 67 total
72.09%
Characteristics
Compare
XBM
XGD
| Provider | iShares | iShares |
| Management | Passively managed | Passively managed |
| Benchmark | S&P/TSX Global Base Metals Total Return Index - CAD | S&P/TSX Global Gold Index - CAD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 0.77% | 0.72% |
| Meets ESG criteria | No | No |
| Inception Date | April 12, 2011 | March 23, 2001 |
Frequently asked questions about XBM and XGD
Which ETF has performed better year to date: XBM or XGD?
As of November 9, 2026, XBM has returned 8.25% year to date, while XGD has returned 14.40%. XGD is ahead on YTD performance.
Which ETF is larger by assets under management: XBM or XGD?
As of November 9, 2026, XBM manages $550.49 M in assets, while XGD manages $4.80 B. XGD is the larger fund by AUM.
How are XBM and XGD managed?
XBM is passively managed by iShares. It tracks the S&P/TSX Global Base Metals Total Return Index - CAD benchmark. XGD is passively managed by iShares. It tracks the S&P/TSX Global Gold Index - CAD benchmark.
What sectors do XBM and XGD emphasize?
XBM is most exposed to Non-Energy Materials and Industrials. XGD is most exposed to Non-Energy Materials.
Which ETF is attracting more investor flows: XBM or XGD?
Year to date, XBM has seen +$197.89 M in net flows, compared with +$407.36 M for XGD. XGD has attracted more net investor money so far.
How do the fees of XBM and XGD compare?
XBM has an expense ratio of 0.60%, while XGD has an expense ratio of 0.61%.
What are the top holdings of XBM and XGD?
XBM's largest holdings include Teck Resources Limited, BHP Group Ltd., and Freeport-McMoRan, Inc.. XGD's top holdings include Newmont Corp., Agnico Eagle Mines Ltd., and Barrick Mining Corp..
Which ETF is more diversified: XBM or XGD?
XBM holds 58 securities, while XGD holds 67. On holdings count, XGD is the more diversified portfolio.
Recent articles about XBM and XGD
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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