VS
Compare iShares S&P/TSX Global Gold Index ETF (XGD) vs iShares S&P/TSX Global Base Metals Index ETF (XBM) to find the best fit for your portfolio. XGD provides Non-Energy Materials exposures, while XBM is primarily weighted in Non-Energy Materials and Industrials. When evaluating costs, XGD features a management fee (MER) of 0.55%, compared to 0.55% for XBM. Performance-wise, XGD has returned 9.44% year-to-date with +$402 M in net flows, whereas XBM is at 2.24% with +$198 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
XGD
XBM
| AuM | $4,586.31 M | $519.92 M |
| Management Fees | 0.55% | 0.55% |
| Exp. ratio | 0.61% | 0.60% |
| Tracking Difference | 0.91% | -0.71% |
Historical performance and flows
As of November 6, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | XGD | -0.24% | +7.12% | +9.44% | +30.10% | +232.51% |
XBM | -17.66% | -17.50% | +2.24% | +19.09% | +81.47% | |
| Flows | XGD | +$200 M | +$659 M | +$402 M | +$337 M | +$695 M |
XBM | +$6 M | +$3 M | +$198 M | +$213 M | +$214 M |
XGD vs XBM exposure
Countries
XGD
Canada
62.27%
USA
29.78%
Other
7.95%
XBM
Canada
41.90%
USA
32.43%
United Kingdom
10.54%
Australia
10.53%
Sectors
XGD
Non-Energy Materials
99.92%
XBM
Non-Energy Materials
99.56%
As of November 6, 2026
Top 10 Holdings
XGD
Newmont Corp.
16.56%
Agnico Eagle Mines Ltd.
12.68%
Barrick Mining Corp.
9.14%
Wheaton Precious Metals Corp.
8.29%
Franco-Nevada Corp.
6.27%
Anglogold Ashanti Plc
5.51%
Gold Fields Ltd.
4.41%
Kinross Gold Corp.
3.91%
Royal Gold, Inc.
2.73%
Pan American Silver Corp.
2.59%
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%
Diversification
XGD
Total weight of top 10 holdings out of 67 total
72.09%
XBM
Total weight of top 10 holdings out of 58 total
72.29%
Characteristics
Compare
XGD
XBM
| Provider | iShares | iShares |
| Management | Passively managed | Passively managed |
| Benchmark | S&P/TSX Global Gold Index - CAD | S&P/TSX Global Base Metals Total Return Index - CAD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 0.75% | 0.82% |
| Meets ESG criteria | No | No |
| Inception Date | March 23, 2001 | April 12, 2011 |
Frequently asked questions about XGD and XBM
Which ETF has performed better year to date: XGD or XBM?
As of November 6, 2026, XGD has returned 9.44% year to date, while XBM has returned 2.24%. XGD is ahead on YTD performance.
Which ETF is larger by assets under management: XGD or XBM?
As of November 6, 2026, XGD manages $4.59 B in assets, while XBM manages $519.92 M. XGD is the larger fund by AUM.
How are XGD and XBM managed?
XGD is passively managed by iShares. It tracks the S&P/TSX Global Gold Index - CAD benchmark. XBM is passively managed by iShares. It tracks the S&P/TSX Global Base Metals Total Return Index - CAD benchmark.
What sectors do XGD and XBM emphasize?
XGD is most exposed to Non-Energy Materials. XBM is most exposed to Non-Energy Materials and Industrials.
Which ETF is attracting more investor flows: XGD or XBM?
Year to date, XGD has seen +$401.55 M in net flows, compared with +$197.89 M for XBM. XGD has attracted more net investor money so far.
How do the fees of XGD and XBM compare?
XGD has an expense ratio of 0.61%, while XBM has an expense ratio of 0.60%.
What are the top holdings of XGD and XBM?
XGD's largest holdings include Newmont Corp., Agnico Eagle Mines Ltd., and Barrick Mining Corp.. XBM's top holdings include Teck Resources Limited, BHP Group Ltd., and Freeport-McMoRan, Inc..
Which ETF is more diversified: XGD or XBM?
XGD holds 67 securities, while XBM holds 58. On holdings count, XGD is the more diversified portfolio.
Recent articles about XGD and XBM
Canada's Economic Comeback: 5 ETFs Riding the Minerals and Energy Opportunity
Canada is putting its natural resources and economic ambitions to work. From critical minerals to new oil export routes, five ETFs offer investors different ways to tap into the shift.
Posted on 10/16/2026 by Kyle Anthony inDividends
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