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iShares S&P/TSX Global Gold Index ETF (XGD) and iShares S&P/TSX Capped Materials Index ETF (XMA) offer distinct profiles for Canadian ETF investors. A direct comparison shows that XGD focuses its top 3 sector exposures on Non-Energy Materials, while XMA leans towards Non-Energy Materials and Business Services. When evaluating costs, XGD features a management fee (MER) of 0.55%, compared to 0.55% for XMA. Performance-wise, XGD has returned 9.44% year-to-date with +$402 M in net flows, whereas XMA is at 6.44% with +$287 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
XMA
| AuM | $4,586.31 M | $702.38 M |
| Management Fees | 0.55% | 0.55% |
| Exp. ratio | 0.61% | 0.61% |
| Tracking Difference | 0.91% | 0.40% |
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% |
XMA | -4.11% | +0.74% | +6.44% | +25.76% | +165.09% | |
| Flows | XGD | +$200 M | +$659 M | +$402 M | +$337 M | +$695 M |
XMA | +$8 M | +$29 M | +$287 M | +$311 M | +$358 M |
XGD vs XMA exposure
Countries
XGD
Canada
62.27%
USA
29.78%
Other
7.95%
XMA
Canada
98.04%
Sectors
XGD
Non-Energy Materials
99.92%
XMA
Non-Energy Materials
98.45%
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%
XMA
Agnico Eagle Mines Ltd.
14.33%
Barrick Mining Corp.
10.33%
Wheaton Precious Metals Corp.
9.36%
Franco-Nevada Corp.
7.09%
Nutrien Ltd.
5.19%
Teck Resources Limited
4.91%
Kinross Gold Corp.
4.41%
Pan American Silver Corp.
2.93%
First Quantum Minerals Ltd.
2.80%
Lundin Mining Corp.
2.48%
Diversification
XGD
Total weight of top 10 holdings out of 67 total
72.09%
XMA
Total weight of top 10 holdings out of 60 total
63.83%
Characteristics
Compare
XGD
XMA
| Provider | iShares | iShares |
| Management | Passively managed | Passively managed |
| Benchmark | S&P/TSX Global Gold 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 | 0.75% | 0.51% |
| Meets ESG criteria | No | No |
| Inception Date | March 23, 2001 | December 19, 2005 |
Frequently asked questions about XGD and XMA
Which ETF has performed better year to date: XGD or XMA?
As of November 6, 2026, XGD has returned 9.44% year to date, while XMA has returned 6.44%. XGD is ahead on YTD performance.
Which ETF is larger by assets under management: XGD or XMA?
As of November 6, 2026, XGD manages $4.59 B in assets, while XMA manages $702.38 M. XGD is the larger fund by AUM.
How are XGD and XMA managed?
XGD is passively managed by iShares. It tracks the S&P/TSX Global Gold Index - CAD benchmark. XMA is passively managed by iShares. It tracks the S&P/TSX Capped Materials Index - CAD benchmark.
What sectors do XGD and XMA emphasize?
XGD is most exposed to Non-Energy Materials. XMA is most exposed to Non-Energy Materials and Business Services.
Which ETF is attracting more investor flows: XGD or XMA?
Year to date, XGD has seen +$401.55 M in net flows, compared with +$287.41 M for XMA. XGD has attracted more net investor money so far.
How do the fees of XGD and XMA compare?
XGD has an expense ratio of 0.61%, while XMA has an expense ratio of 0.61%.
What are the top holdings of XGD and XMA?
XGD's largest holdings include Newmont Corp., Agnico Eagle Mines Ltd., and Barrick Mining Corp.. XMA's top holdings include Agnico Eagle Mines Ltd., Barrick Mining Corp., and Wheaton Precious Metals Corp..
Which ETF is more diversified: XGD or XMA?
XGD holds 67 securities, while XMA holds 60. On holdings count, XGD is the more diversified portfolio.
Recent articles about XGD and XMA
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