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Compare iShares S&P/TSX Capped Materials Index ETF (XMA) vs iShares Core S&P/TSX Capped Composite Index ETF (XIC) to find the best fit for your portfolio. XMA provides Non-Energy Materials and Business Services exposures, while XIC is primarily weighted in Finance, Non-Energy Materials, and Energy. When evaluating costs, XMA features a management fee (MER) of 0.55%, compared to 0.05% for XIC. Performance-wise, XMA has returned 3.43% year-to-date with +$279 M in net flows, whereas XIC is at 16.34% with +$11 B. 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
XIC
| AuM | $673.99 M | $36,989.41 M |
| Management Fees | 0.55% | 0.05% |
| Exp. ratio | 0.61% | 0.06% |
| Tracking Difference | 0.43% | -0.08% |
Historical performance and flows
As of October 28, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | XMA | -6.93% | +8.51% | +3.43% | +23.24% | +158.05% |
XIC | +2.36% | +1.95% | +16.34% | +21.82% | +107.92% | |
| Flows | XMA | -$5 M | +$53 M | +$279 M | +$292 M | +$350 M |
XIC | +$1,101 M | +$4,566 M | +$11,276 M | +$12,486 M | +$17,415 M |
XMA vs XIC exposure
Countries
XMA
Canada
97.93%
XIC
Canada
96.58%
Sectors
XMA
Non-Energy Materials
98.57%
XIC
Finance
40.52%
Non-Energy Materials
18.87%
Energy
16.69%
Industrials
7.86%
Other
16.05%
As of October 28, 2026
Top 10 Holdings
XMA
Agnico Eagle Mines Ltd.
14.50%
Barrick Mining Corp.
10.56%
Wheaton Precious Metals Corp.
9.62%
Franco-Nevada Corp.
7.13%
Kinross Gold Corp.
5.13%
Nutrien Ltd.
5.10%
Teck Resources Limited
4.30%
First Quantum Minerals Ltd.
3.16%
Pan American Silver Corp.
3.08%
Lundin Mining Corp.
2.54%
XIC
Royal Bank of Canada
7.63%
The Toronto-Dominion Bank
5.40%
Shopify, Inc.
4.80%
Bank of Montreal
3.19%
The Bank of Nova Scotia
3.00%
Enbridge, Inc.
2.95%
Canadian Natural Resources Ltd.
2.79%
Canadian Imperial Bank of Commerce
2.79%
Agnico Eagle Mines Ltd.
2.75%
Brookfield Corp.
2.35%
Diversification
XMA
Total weight of top 10 holdings out of 59 total
65.12%
XIC
Total weight of top 10 holdings out of 217 total
37.65%
Characteristics
Compare
XMA
XIC
| Provider | iShares | iShares |
| Management | Passively managed | Passively managed |
| Benchmark | S&P/TSX Capped Materials Index - CAD | S&P/TSX Capped Composite Total Return Index - CAD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 0.52% | 1.95% |
| Meets ESG criteria | No | No |
| Inception Date | December 19, 2005 | February 16, 2001 |
Frequently asked questions about XMA and XIC
Which ETF has performed better year to date: XMA or XIC?
As of October 28, 2026, XMA has returned 3.43% year to date, while XIC has returned 16.34%. XIC is ahead on YTD performance.
Which ETF is larger by assets under management: XMA or XIC?
As of October 28, 2026, XMA manages $673.99 M in assets, while XIC manages $36.99 B. XIC is the larger fund by AUM.
How are XMA and XIC managed?
XMA is passively managed by iShares. It tracks the S&P/TSX Capped Materials Index - CAD benchmark. XIC is passively managed by iShares. It tracks the S&P/TSX Capped Composite Total Return Index - CAD benchmark.
What sectors do XMA and XIC emphasize?
XMA is most exposed to Non-Energy Materials and Business Services. XIC is most exposed to Finance, Non-Energy Materials, and Energy.
Which ETF is attracting more investor flows: XMA or XIC?
Year to date, XMA has seen +$278.83 M in net flows, compared with +$11,275.51 M for XIC. XIC has attracted more net investor money so far.
How do the fees of XMA and XIC compare?
XMA has an expense ratio of 0.61%, while XIC has an expense ratio of 0.06%.
What are the top holdings of XMA and XIC?
XMA's largest holdings include Agnico Eagle Mines Ltd., Barrick Mining Corp., and Wheaton Precious Metals Corp.. XIC's top holdings include Royal Bank of Canada, The Toronto-Dominion Bank, and Shopify, Inc..
Which ETF is more diversified: XMA or XIC?
XMA holds 59 securities, while XIC holds 217. On holdings count, XIC is the more diversified portfolio.
Recent articles about XMA and XIC
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