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Compare iShares S&P/TSX Capped Energy Index ETF (XEG) vs iShares S&P/TSX Capped Materials Index ETF (XMA) to find the best fit for your portfolio. XEG provides Energy exposures, while XMA is primarily weighted in Materials. When evaluating costs, XEG features a management fee (MER) of 0.55%, compared to 0.55% for XMA. Performance-wise, XEG has returned 33.25% year-to-date with +$310 M in net flows, whereas XMA is at 11.11% with +$270 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
XEG
XMA
| AuM | $2,360.86 M | $722.12 M |
| Management Fees | 0.55% | 0.55% |
| Exp. ratio | 0.60% | 0.61% |
| Tracking Difference | 5.17% | 0.89% |
Historical performance and flows
As of April 24, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | XEG | -3.99% | +22.64% | +33.25% | +67.34% | +83.67% |
XMA | +9.53% | -9.30% | +11.11% | +79.80% | +134.57% | |
| Flows | XEG | +$151 M | +$499 M | +$310 M | -$220 M | -$572 M |
XMA | +$24 M | +$204 M | +$270 M | +$312 M | +$191 M |
XEG vs XMA exposure
Countries
XEG
Canada
99.62%
XMA
Canada
99.91%
Sectors
XEG
Energy
99.17%
XMA
Materials
82.53%
Other
17.48%
As of April 24, 2026
Top 10 Holdings
XEG
SUNCOR ENERGY
26.38%
CDN NATURAL RESOURCE
23.98%
CENOVUS ENERGY
12.23%
IMPERIAL OIL
6.69%
TOURMALINE OIL
5.99%
WHITECAP RESOURCES
4.66%
ARC RESOURCES
4.05%
PRAIRIESKY ROYALTY
1.83%
TAMARACK VALLEY ENERGY
1.37%
PEYTO EXPLORATION DEVELOPMENT
1.36%
XMA
AGNICO EAGLE MINES LTD
15.62%
CA06849F1080
10.52%
WHEATON PRECIOUS METALS CORP
9.16%
FRANCO NEVADA
7.33%
KINROSS GOLD
5.64%
NUTRIEN LTD
5.58%
TECK RESOURCES LIMITED
3.56%
PAN AMERICAN
3.55%
ALAMOS GOLD
2.87%
LUNDIN MINING
2.59%
Diversification
XEG
Total weight of top 10 holdings out of 26 total
88.55%
XMA
Total weight of top 10 holdings out of 60 total
66.41%
Characteristics
Compare
XEG
XMA
| Provider | iShares | iShares |
| Management | Passively managed | Passively managed |
| Benchmark | S&P/TSX Capped Energy 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 | 2.87% | 0.36% |
| Meets ESG criteria | No | No |
| Inception Date | March 19, 2001 | December 19, 2005 |
Frequently asked questions about XEG and XMA
Which ETF has performed better year to date: XEG or XMA?
As of April 24, 2026, XEG has returned 33.25% year to date, while XMA has returned 11.11%. XEG is ahead on YTD performance.
Which ETF is larger by assets under management: XEG or XMA?
As of April 24, 2026, XEG manages $2.36 B in assets, while XMA manages $722.12 M. XEG is the larger fund by AUM.
How are XEG and XMA managed?
XEG is passively managed by iShares. It tracks the S&P/TSX Capped Energy Index - CAD benchmark. XMA is passively managed by iShares. It tracks the S&P/TSX Capped Materials Index - CAD benchmark.
What sectors do XEG and XMA emphasize?
XEG is most exposed to Energy. XMA is most exposed to Materials.
Which ETF is attracting more investor flows: XEG or XMA?
Year to date, XEG has seen +$310.04 M in net flows, compared with +$269.86 M for XMA. XEG has attracted more net investor money so far.
How do the fees of XEG and XMA compare?
XEG has an expense ratio of 0.60%, while XMA has an expense ratio of 0.61%.
What are the top holdings of XEG and XMA?
XEG's largest holdings include SUNCOR ENERGY, CDN NATURAL RESOURCE, and CENOVUS ENERGY. XMA's top holdings include AGNICO EAGLE MINES LTD and WHEATON PRECIOUS METALS CORP.
Which ETF is more diversified: XEG or XMA?
XEG holds 26 securities, while XMA holds 48. On holdings count, XMA is the more diversified portfolio.
Recent articles about XEG and XMA
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Posted on 7/3/2025 by Kyle Anthony inDefense
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