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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 19.11% year-to-date with +$196 M in net flows, whereas XGD is at 14.08% with +$178 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 | $602.21 M | $4,531.25 M |
| Management Fees | 0.55% | 0.55% |
| Exp. ratio | 0.60% | 0.61% |
| Tracking Difference | -1.18% | 1.07% |
Historical performance and flows
As of September 16, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | XBM | -5.42% | -11.09% | +19.11% | +51.64% | +82.70% |
XGD | +2.63% | +7.05% | +14.08% | +41.25% | +242.65% | |
| Flows | XBM | +$18 M | -$3 M | +$196 M | +$208 M | +$206 M |
XGD | +$203 M | +$394 M | +$178 M | +$69 M | +$503 M |
XBM vs XGD exposure
Countries
XBM
Canada
41.92%
USA
31.70%
Australia
11.17%
United Kingdom
10.57%
XGD
Canada
62.80%
USA
29.30%
Other
7.89%
Sectors
XBM
Non-Energy Materials
99.61%
XGD
Non-Energy Materials
99.97%
As of September 16, 2026
Top 10 Holdings
XBM
Teck Resources Limited
10.86%
BHP Group Ltd.
10.81%
Freeport-McMoRan, Inc.
10.67%
Rio Tinto Plc
10.24%
First Quantum Minerals Ltd.
7.49%
Lundin Mining Corp.
6.85%
Southern Copper Corp.
6.16%
Alcoa Corp.
4.73%
Hudbay Minerals, Inc.
4.01%
Capstone Copper Corp.
2.36%
XGD
Newmont Corp.
16.15%
Agnico Eagle Mines Ltd.
12.11%
Barrick Mining Corp.
9.96%
Wheaton Precious Metals Corp.
8.12%
Franco-Nevada Corp.
6.73%
Anglogold Ashanti Plc
5.52%
Gold Fields Ltd.
4.74%
Kinross Gold Corp.
4.45%
Pan American Silver Corp.
2.93%
Royal Gold, Inc.
2.61%
Diversification
XBM
Total weight of top 10 holdings out of 54 total
74.19%
XGD
Total weight of top 10 holdings out of 66 total
73.31%
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 | 0.70% | 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 September 16, 2026, XBM has returned 19.11% year to date, while XGD has returned 14.08%. XBM is ahead on YTD performance.
Which ETF is larger by assets under management: XBM or XGD?
As of September 16, 2026, XBM manages $602.21 M in assets, while XGD manages $4.53 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 +$195.70 M in net flows, compared with +$177.79 M for XGD. XBM 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 54 securities, while XGD holds 66. On holdings count, XGD is the more diversified portfolio.
Recent articles about XBM and XGD
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