VS
iShares S&P/TSX Global Base Metals Index ETF (XBM) and iShares Core S&P/TSX Capped Composite Index ETF (XIC) 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 XIC leans towards Finance, Non-Energy Materials, and Energy. When evaluating costs, XBM features a management fee (MER) of 0.55%, compared to 0.05% for XIC. Performance-wise, XBM has returned 8.25% year-to-date with +$198 M in net flows, whereas XIC is at 16.96% with +$11 B. 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
XIC
| AuM | $550.49 M | $37,328.32 M |
| Management Fees | 0.55% | 0.05% |
| Exp. ratio | 0.60% | 0.06% |
| Tracking Difference | -0.71% | -0.08% |
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% |
XIC | +2.28% | +0.47% | +16.96% | +22.83% | +101.23% | |
| Flows | XBM | +$9 M | +$17 M | +$198 M | +$213 M | +$215 M |
XIC | +$435 M | +$4,362 M | +$11,412 M | +$12,555 M | +$17,269 M |
XBM vs XIC exposure
Countries
XBM
Canada
41.90%
USA
32.43%
United Kingdom
10.54%
Australia
10.53%
XIC
Canada
96.55%
Sectors
XBM
Non-Energy Materials
99.56%
XIC
Finance
41.17%
Non-Energy Materials
18.24%
Energy
16.19%
Industrials
8.03%
Other
16.38%
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%
XIC
Royal Bank of Canada
7.73%
The Toronto-Dominion Bank
5.48%
Shopify, Inc.
5.07%
Bank of Montreal
3.32%
The Bank of Nova Scotia
3.14%
Enbridge, Inc.
2.92%
Canadian Imperial Bank of Commerce
2.85%
Canadian Natural Resources Ltd.
2.75%
Agnico Eagle Mines Ltd.
2.63%
Suncor Energy, Inc.
2.25%
Diversification
XBM
Total weight of top 10 holdings out of 58 total
72.29%
XIC
Total weight of top 10 holdings out of 216 total
38.13%
Characteristics
Compare
XBM
XIC
| Provider | iShares | iShares |
| Management | Passively managed | Passively managed |
| Benchmark | S&P/TSX Global Base Metals Total Return Index - CAD | S&P/TSX Capped Composite Total Return Index - CAD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 0.77% | 1.94% |
| Meets ESG criteria | No | No |
| Inception Date | April 12, 2011 | February 16, 2001 |
Frequently asked questions about XBM and XIC
Which ETF has performed better year to date: XBM or XIC?
As of November 9, 2026, XBM has returned 8.25% year to date, while XIC has returned 16.96%. XIC is ahead on YTD performance.
Which ETF is larger by assets under management: XBM or XIC?
As of November 9, 2026, XBM manages $550.49 M in assets, while XIC manages $37.33 B. XIC is the larger fund by AUM.
How are XBM and XIC managed?
XBM is passively managed by iShares. It tracks the S&P/TSX Global Base Metals Total Return Index - CAD benchmark. XIC is passively managed by iShares. It tracks the S&P/TSX Capped Composite Total Return Index - CAD benchmark.
What sectors do XBM and XIC emphasize?
XBM is most exposed to Non-Energy Materials and Industrials. XIC is most exposed to Finance, Non-Energy Materials, and Energy.
Which ETF is attracting more investor flows: XBM or XIC?
Year to date, XBM has seen +$197.89 M in net flows, compared with +$11,412.04 M for XIC. XIC has attracted more net investor money so far.
How do the fees of XBM and XIC compare?
XBM has an expense ratio of 0.60%, while XIC has an expense ratio of 0.06%.
What are the top holdings of XBM and XIC?
XBM's largest holdings include Teck Resources Limited, BHP Group Ltd., and Freeport-McMoRan, Inc.. XIC's top holdings include Royal Bank of Canada, The Toronto-Dominion Bank, and Shopify, Inc..
Which ETF is more diversified: XBM or XIC?
XBM holds 58 securities, while XIC holds 216. On holdings count, XIC is the more diversified portfolio.
Recent articles about XBM and XIC
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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