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 2.9% year-to-date with +$195 M in net flows, whereas XMA is at 4.45% with +$279 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 | $520.24 M | $622.63 M |
| Management Fees | 0.55% | 0.55% |
| Exp. ratio | 0.60% | 0.61% |
| Tracking Difference | -0.71% | 0.40% |
Historical performance and flows
As of October 30, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | XBM | -15.06% | -10.96% | +2.90% | +16.00% | +85.07% |
XMA | -13.17% | -2.03% | -4.45% | +11.61% | +138.39% | |
| Flows | XBM | +$6 M | -$4 M | +$195 M | +$210 M | +$211 M |
XMA | -$0 M | +$29 M | +$279 M | +$303 M | +$350 M |
XBM vs XMA exposure
Countries
XBM
Canada
41.90%
USA
32.43%
United Kingdom
10.54%
Australia
10.53%
XMA
Canada
98.04%
Sectors
XBM
Non-Energy Materials
99.56%
XMA
Non-Energy Materials
98.45%
As of October 30, 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%
XMA
Agnico Eagle Mines Ltd.
14.33%
Barrick Mining Corp.
10.33%
Wheaton Precious Metals Corp.
9.36%
Franco-Nevada Corp.
7.09%
Nutrien Ltd.
5.19%
Teck Resources Limited
4.91%
Kinross Gold Corp.
4.41%
Pan American Silver Corp.
2.93%
First Quantum Minerals Ltd.
2.80%
Lundin Mining Corp.
2.48%
Diversification
XBM
Total weight of top 10 holdings out of 58 total
72.29%
XMA
Total weight of top 10 holdings out of 60 total
63.83%
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 | 0.81% | 0.57% |
| 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 October 30, 2026, XBM has returned 2.90% year to date, while XMA has returned -4.45%. XBM is ahead on YTD performance.
Which ETF is larger by assets under management: XBM or XMA?
As of October 30, 2026, XBM manages $520.24 M in assets, while XMA manages $622.63 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 +$195.02 M in net flows, compared with +$278.83 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 58 securities, while XMA holds 60. On holdings count, XMA is the more diversified portfolio.
Recent articles about XBM and XMA
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Posted on 10/16/2026 by Kyle Anthony inDividends
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