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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, Finance, and Non-Energy Materials exposures, while XMA is primarily weighted in Non-Energy Materials and Business Services. When evaluating costs, XEG features a management fee (MER) of 0.55%, compared to 0.55% for XMA. Performance-wise, XEG has returned 52.82% year-to-date with +$49 M in net flows, whereas XMA is at 15.87% with +$284 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 | $2,429.72 M | $760.87 M |
| Management Fees | 0.55% | 0.55% |
| Exp. ratio | 0.61% | 0.61% |
| Tracking Difference | 4.63% | 0.49% |
Historical performance and flows
As of September 10, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | XEG | +7.46% | +9.57% | +52.82% | +64.47% | +89.04% |
XMA | +4.81% | +22.34% | +15.87% | +42.32% | +170.66% | |
| Flows | XEG | -$9 M | -$139 M | +$49 M | +$123 M | -$386 M |
XMA | +$21 M | +$21 M | +$284 M | +$327 M | +$356 M |
XEG vs XMA exposure
Countries
XEG
Canada
99.97%
XMA
Canada
98.17%
Sectors
XEG
Energy
95.44%
XMA
Non-Energy Materials
98.29%
As of September 10, 2026
Top 10 Holdings
XEG
Suncor Energy, Inc.
25.76%
Canadian Natural Resources Ltd.
25.07%
Cenovus Energy, Inc.
13.38%
Imperial Oil Ltd.
6.32%
Tourmaline Oil Corp.
5.36%
Whitecap Resources, Inc.
4.66%
ARC Resources Ltd.
4.36%
PrairieSky Royalty Ltd.
1.89%
Tamarack Valley Energy Ltd.
1.49%
Peyto Exploration & Development Corp.
1.22%
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
XEG
Total weight of top 10 holdings out of 27 total
89.50%
XMA
Total weight of top 10 holdings out of 60 total
65.71%
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 | 2.41% | 0.40% |
| 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 September 10, 2026, XEG has returned 52.82% year to date, while XMA has returned 15.87%. XEG is ahead on YTD performance.
Which ETF is larger by assets under management: XEG or XMA?
As of September 10, 2026, XEG manages $2.43 B in assets, while XMA manages $760.87 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, Finance, and Non-Energy Materials. XMA is most exposed to Non-Energy Materials and Business Services.
Which ETF is attracting more investor flows: XEG or XMA?
Year to date, XEG has seen +$48.97 M in net flows, compared with +$283.54 M for XMA. XMA has attracted more net investor money so far.
How do the fees of XEG and XMA compare?
XEG has an expense ratio of 0.61%, 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, Inc., Canadian Natural Resources Ltd., and Cenovus Energy, Inc.. XMA's top holdings include Agnico Eagle Mines Ltd., Barrick Mining Corp., and Wheaton Precious Metals Corp..
Which ETF is more diversified: XEG or XMA?
XEG holds 27 securities, while XMA holds 60. On holdings count, XMA is the more diversified portfolio.
Recent articles about XEG and XMA
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