VS
iShares S&P/TSX Global Base Metals Index ETF (XBM) and iShares S&P/TSX Capped Materials Index ETF (XMA) 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 XMA leans towards Non-Energy Materials and Business Services. When evaluating costs, XBM features a management fee (MER) of 0.55%, compared to 0.55% for XMA. Performance-wise, XBM has returned 19.11% year-to-date with +$196 M in net flows, whereas XMA is at 13.52% with +$274 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
XMA
| AuM | $602.21 M | $736.00 M |
| Management Fees | 0.55% | 0.55% |
| Exp. ratio | 0.60% | 0.61% |
| Tracking Difference | -1.18% | 0.49% |
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% |
XMA | +1.88% | +3.49% | +13.52% | +40.72% | +159.88% | |
| Flows | XBM | +$18 M | -$3 M | +$196 M | +$208 M | +$206 M |
XMA | +$2 M | +$16 M | +$274 M | +$314 M | +$348 M |
XBM vs XMA exposure
Countries
XBM
Canada
41.92%
USA
31.70%
Australia
11.17%
United Kingdom
10.57%
XMA
Canada
98.17%
Sectors
XBM
Non-Energy Materials
99.61%
XMA
Non-Energy Materials
98.29%
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%
XMA
Agnico Eagle Mines Ltd.
13.31%
Barrick Mining Corp.
10.95%
Wheaton Precious Metals Corp.
8.93%
Franco-Nevada Corp.
7.40%
Nutrien Ltd.
5.90%
Kinross Gold Corp.
4.89%
Teck Resources Limited
4.86%
First Quantum Minerals Ltd.
3.26%
Pan American Silver Corp.
3.22%
Lundin Mining Corp.
2.98%
Diversification
XBM
Total weight of top 10 holdings out of 54 total
74.19%
XMA
Total weight of top 10 holdings out of 60 total
65.71%
Characteristics
Compare
XBM
XMA
| Provider | iShares | iShares |
| Management | Passively managed | Passively managed |
| Benchmark | S&P/TSX Global Base Metals Total Return Index - CAD | S&P/TSX Capped Materials Index - CAD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 0.70% | 0.41% |
| Meets ESG criteria | No | No |
| Inception Date | April 12, 2011 | December 19, 2005 |
Frequently asked questions about XBM and XMA
Which ETF has performed better year to date: XBM or XMA?
As of September 16, 2026, XBM has returned 19.11% year to date, while XMA has returned 13.52%. XBM is ahead on YTD performance.
Which ETF is larger by assets under management: XBM or XMA?
As of September 16, 2026, XBM manages $602.21 M in assets, while XMA manages $736.00 M. XMA is the larger fund by AUM.
How are XBM and XMA managed?
XBM is passively managed by iShares. It tracks the S&P/TSX Global Base Metals Total Return Index - CAD benchmark. XMA is passively managed by iShares. It tracks the S&P/TSX Capped Materials Index - CAD benchmark.
What sectors do XBM and XMA emphasize?
XBM is most exposed to Non-Energy Materials and Industrials. XMA is most exposed to Non-Energy Materials and Business Services.
Which ETF is attracting more investor flows: XBM or XMA?
Year to date, XBM has seen +$195.70 M in net flows, compared with +$273.91 M for XMA. XMA has attracted more net investor money so far.
How do the fees of XBM and XMA compare?
XBM has an expense ratio of 0.60%, while XMA has an expense ratio of 0.61%.
What are the top holdings of XBM and XMA?
XBM's largest holdings include Teck Resources Limited, BHP Group Ltd., and Freeport-McMoRan, Inc.. XMA's top holdings include Agnico Eagle Mines Ltd., Barrick Mining Corp., and Wheaton Precious Metals Corp..
Which ETF is more diversified: XBM or XMA?
XBM holds 54 securities, while XMA holds 60. On holdings count, XMA is the more diversified portfolio.
Recent articles about XBM and XMA
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