VS
iShares S&P/TSX Energy Transition Materials Index ETF (XETM) and iShares Global Agriculture Index ETF (COW) offer distinct profiles for Canadian ETF investors. A direct comparison shows that XETM focuses its top 3 sector exposures on Non-Energy Materials and Energy, while COW leans towards Consumer Non-Cyclicals, Non-Energy Materials, and Industrials. When evaluating costs, XETM features a management fee (MER) of 0.55%, compared to 0.65% for COW. Performance-wise, XETM has returned 16.59% year-to-date with +$101 M in net flows, whereas COW is at 12.99% with +$23 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
XETM
COW
| AuM | $115.38 M | $273.60 M |
| Management Fees | 0.55% | 0.65% |
| Exp. ratio | 0.59% | 0.71% |
| Tracking Difference | -1.21% | - |
Historical performance and flows
As of August 18, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | XETM | +15.25% | +5.19% | +16.59% | +75.02% | - |
COW | -3.75% | -1.16% | +12.99% | +3.80% | +15.98% | |
| Flows | XETM | +$2 M | +$43 M | +$101 M | +$108 M | - |
COW | +$0 M | -$29 M | +$23 M | +$16 M | -$131 M |
XETM vs COW exposure
Countries
XETM
Canada
58.23%
USA
25.60%
Other
16.17%
COW
USA
82.42%
Canada
7.12%
Other
10.46%
Sectors
XETM
Non-Energy Materials
84.24%
Energy
14.59%
COW
Consumer Non-Cyclicals
37.93%
Non-Energy Materials
34.24%
Industrials
25.39%
As of August 18, 2026
Top 10 Holdings
XETM
Teck Resources Limited
9.41%
First Quantum Minerals Ltd.
8.85%
Cameco Corp.
7.73%
Lundin Mining Corp.
6.72%
Freeport-McMoRan, Inc.
6.38%
Southern Copper Corp.
4.93%
BHP Group Ltd.
4.76%
Ivanhoe Mines Ltd.
4.34%
Rio Tinto Plc
4.24%
Capstone Copper Corp.
3.67%
COW
Corteva, Inc.
10.57%
Deere & Co.
10.28%
Archer-Daniels-Midland Co.
9.07%
AGCO Corp.
6.87%
Tyson Foods, Inc.
6.11%
Nutrien Ltd.
6.11%
Bunge Global SA
5.56%
Sociedad Quimica y Minera de Chile SA
4.93%
The Andersons, Inc.
4.89%
Ingredion, Inc.
4.44%
Diversification
XETM
Total weight of top 10 holdings out of 59 total
61.04%
COW
Total weight of top 10 holdings out of 35 total
68.83%
Characteristics
Compare
XETM
COW
| Provider | iShares | iShares |
| Management | Passively managed | Passively managed |
| Benchmark | S&P/TSX Energy Transition Materials Index - CAD | MFC Custom Global Agriculture Total Return Index - USD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 0.25% | 1.41% |
| Meets ESG criteria | Yes | No |
| Inception Date | September 6, 2023 | December 19, 2007 |
Frequently asked questions about XETM and COW
Which ETF has performed better year to date: XETM or COW?
As of August 18, 2026, XETM has returned 16.59% year to date, while COW has returned 12.99%. XETM is ahead on YTD performance.
Which ETF is larger by assets under management: XETM or COW?
As of August 18, 2026, XETM manages $115.38 M in assets, while COW manages $273.60 M. COW is the larger fund by AUM.
How are XETM and COW managed?
XETM is passively managed by iShares. It tracks the S&P/TSX Energy Transition Materials Index - CAD benchmark. COW is passively managed by iShares. It tracks the MFC Custom Global Agriculture Total Return Index - USD benchmark.
What sectors do XETM and COW emphasize?
XETM is most exposed to Non-Energy Materials and Energy. COW is most exposed to Consumer Non-Cyclicals, Non-Energy Materials, and Industrials.
Which ETF is attracting more investor flows: XETM or COW?
Year to date, XETM has seen +$101.34 M in net flows, compared with +$22.66 M for COW. XETM has attracted more net investor money so far.
How do the fees of XETM and COW compare?
XETM has an expense ratio of 0.59%, while COW has an expense ratio of 0.71%.
What are the top holdings of XETM and COW?
XETM's largest holdings include Teck Resources Limited, First Quantum Minerals Ltd., and Cameco Corp.. COW's top holdings include Corteva, Inc., Deere & Co., and Archer-Daniels-Midland Co..
Which ETF is more diversified: XETM or COW?
XETM holds 59 securities, while COW holds 35. On holdings count, XETM is the more diversified portfolio.
Recent articles about XETM and COW
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