VS
iShares S&P/TSX Global Gold Index ETF (XGD) and iShares S&P/TSX Energy Transition Materials Index ETF (XETM) offer distinct profiles for Canadian ETF investors. A direct comparison shows that XGD focuses its top 3 sector exposures on Non-Energy Materials, while XETM leans towards Non-Energy Materials and Energy. When evaluating costs, XGD features a management fee (MER) of 0.55%, compared to 0.55% for XETM. Performance-wise, XGD has returned 9.44% year-to-date with +$402 M in net flows, whereas XETM is at 4.48% with +$108 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
XETM
| AuM | $4,586.31 M | $101.90 M |
| Management Fees | 0.55% | 0.55% |
| Exp. ratio | 0.61% | 0.59% |
| Tracking Difference | 0.91% | -0.70% |
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% |
XETM | -17.39% | -17.48% | -4.48% | +13.32% | +96.08% | |
| Flows | XGD | +$200 M | +$659 M | +$402 M | +$337 M | +$695 M |
XETM | +$12 M | +$5 M | +$108 M | +$111 M | +$118 M |
XGD vs XETM exposure
Countries
XGD
Canada
62.27%
USA
29.78%
Other
7.95%
XETM
Canada
64.30%
USA
21.79%
Other
13.91%
Sectors
XGD
Non-Energy Materials
99.92%
XETM
Non-Energy Materials
85.70%
Energy
13.96%
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%
XETM
Teck Resources Limited
8.66%
Lundin Mining Corp.
7.74%
First Quantum Minerals Ltd.
7.58%
Cameco Corp.
6.76%
Freeport-McMoRan, Inc.
6.73%
Hudbay Minerals, Inc.
4.60%
BHP Group Ltd.
3.99%
Rio Tinto Plc
3.91%
Southern Copper Corp.
3.24%
Capstone Copper Corp.
3.22%
Diversification
XGD
Total weight of top 10 holdings out of 67 total
72.09%
XETM
Total weight of top 10 holdings out of 109 total
56.43%
Characteristics
Compare
XGD
XETM
| Provider | iShares | iShares |
| Management | Passively managed | Passively managed |
| Benchmark | S&P/TSX Global Gold Index - CAD | S&P/TSX Energy Transition Materials Index - CAD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 0.75% | 0.31% |
| Meets ESG criteria | No | Yes |
| Inception Date | March 23, 2001 | September 6, 2023 |
Frequently asked questions about XGD and XETM
Which ETF has performed better year to date: XGD or XETM?
As of November 6, 2026, XGD has returned 9.44% year to date, while XETM has returned -4.48%. XGD is ahead on YTD performance.
Which ETF is larger by assets under management: XGD or XETM?
As of November 6, 2026, XGD manages $4.59 B in assets, while XETM manages $101.90 M. XGD is the larger fund by AUM.
How are XGD and XETM managed?
XGD is passively managed by iShares. It tracks the S&P/TSX Global Gold Index - CAD benchmark. XETM is passively managed by iShares. It tracks the S&P/TSX Energy Transition Materials Index - CAD benchmark.
What sectors do XGD and XETM emphasize?
XGD is most exposed to Non-Energy Materials. XETM is most exposed to Non-Energy Materials and Energy.
Which ETF is attracting more investor flows: XGD or XETM?
Year to date, XGD has seen +$401.55 M in net flows, compared with +$107.96 M for XETM. XGD has attracted more net investor money so far.
How do the fees of XGD and XETM compare?
XGD has an expense ratio of 0.61%, while XETM has an expense ratio of 0.59%.
What are the top holdings of XGD and XETM?
XGD's largest holdings include Newmont Corp., Agnico Eagle Mines Ltd., and Barrick Mining Corp.. XETM's top holdings include Teck Resources Limited, Lundin Mining Corp., and First Quantum Minerals Ltd..
Which ETF is more diversified: XGD or XETM?
XGD holds 67 securities, while XETM holds 107. On holdings count, XETM is the more diversified portfolio.
Recent articles about XGD and XETM
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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