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iShares S&P/TSX Capped Materials Index ETF (XMA) and iShares S&P/TSX Global Gold Index ETF (XGD) offer distinct profiles for Canadian ETF investors. A direct comparison shows that XMA focuses its top 3 sector exposures on Non-Energy Materials and Business Services, while XGD leans towards Non-Energy Materials. When evaluating costs, XMA features a management fee (MER) of 0.55%, compared to 0.55% for XGD. Performance-wise, XMA has returned 17.18% year-to-date with +$274 M in net flows, whereas XGD is at 22.08% with +$166 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
XMA
XGD
| AuM | $759.74 M | $4,836.69 M |
| Management Fees | 0.55% | 0.55% |
| Exp. ratio | 0.61% | 0.60% |
| Tracking Difference | 0.49% | 1.07% |
Historical performance and flows
As of September 2, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | XMA | +17.77% | +5.41% | +17.18% | +52.76% | +172.25% |
XGD | +28.69% | +18.08% | +22.08% | +58.48% | +279.26% | |
| Flows | XMA | +$23 M | -$5 M | +$274 M | +$317 M | +$348 M |
XGD | +$443 M | +$605 M | +$166 M | +$205 M | +$476 M |
XMA vs XGD exposure
Countries
XMA
Canada
96.60%
XGD
Canada
62.29%
USA
29.30%
Other
8.41%
Sectors
XMA
Non-Energy Materials
96.72%
XGD
Non-Energy Materials
99.46%
As of September 2, 2026
Top 10 Holdings
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%
XGD
Newmont Corp.
16.15%
Agnico Eagle Mines Ltd.
12.11%
Barrick Mining Corp.
9.96%
Wheaton Precious Metals Corp.
8.12%
Franco-Nevada Corp.
6.73%
Anglogold Ashanti Plc
5.52%
Gold Fields Ltd.
4.74%
Kinross Gold Corp.
4.45%
Pan American Silver Corp.
2.93%
Royal Gold, Inc.
2.61%
Diversification
XMA
Total weight of top 10 holdings out of 60 total
65.71%
XGD
Total weight of top 10 holdings out of 66 total
73.31%
Characteristics
Compare
XMA
XGD
| Provider | iShares | iShares |
| Management | Passively managed | Passively managed |
| Benchmark | S&P/TSX Capped Materials Index - CAD | S&P/TSX Global Gold Index - CAD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 0.40% | 0.67% |
| Meets ESG criteria | No | No |
| Inception Date | December 19, 2005 | March 23, 2001 |
Frequently asked questions about XMA and XGD
Which ETF has performed better year to date: XMA or XGD?
As of September 2, 2026, XMA has returned 17.18% year to date, while XGD has returned 22.08%. XGD is ahead on YTD performance.
Which ETF is larger by assets under management: XMA or XGD?
As of September 2, 2026, XMA manages $759.74 M in assets, while XGD manages $4.84 B. XGD is the larger fund by AUM.
How are XMA and XGD managed?
XMA is passively managed by iShares. It tracks the S&P/TSX Capped Materials Index - CAD benchmark. XGD is passively managed by iShares. It tracks the S&P/TSX Global Gold Index - CAD benchmark.
What sectors do XMA and XGD emphasize?
XMA is most exposed to Non-Energy Materials and Business Services. XGD is most exposed to Non-Energy Materials.
Which ETF is attracting more investor flows: XMA or XGD?
Year to date, XMA has seen +$273.52 M in net flows, compared with +$165.86 M for XGD. XMA has attracted more net investor money so far.
How do the fees of XMA and XGD compare?
XMA has an expense ratio of 0.61%, while XGD has an expense ratio of 0.60%.
What are the top holdings of XMA and XGD?
XMA's largest holdings include Agnico Eagle Mines Ltd., Barrick Mining Corp., and Wheaton Precious Metals Corp.. XGD's top holdings include Newmont Corp., Agnico Eagle Mines Ltd., and Barrick Mining Corp..
Which ETF is more diversified: XMA or XGD?
XMA holds 58 securities, while XGD holds 63. On holdings count, XGD is the more diversified portfolio.
Recent articles about XMA and XGD
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