VS
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 Materials exposures, while XIC is primarily weighted in Financials, Energy, and Materials. When evaluating costs, XMA features a management fee (MER) of 0.55%, compared to 0.05% for XIC. Performance-wise, XMA has returned 8.83% year-to-date with +$270 M in net flows, whereas XIC is at 7.93% with +$5 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 | $707.36 M | $28,892.87 M |
| Management Fees | 0.55% | 0.05% |
| Exp. ratio | 0.61% | 0.06% |
| Tracking Difference | 0.75% | -0.12% |
Historical performance and flows
As of May 6, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | XMA | -3.94% | -2.01% | +8.83% | +74.33% | +126.47% |
XIC | +2.56% | +5.24% | +7.93% | +39.31% | +79.67% | |
| Flows | XMA | +$5 M | +$127 M | +$270 M | +$317 M | +$191 M |
XIC | +$1,121 M | +$3,816 M | +$5,192 M | +$7,744 M | +$11,161 M |
XMA vs XIC exposure
Countries
XMA
Canada
99.91%
XIC
Canada
98.95%
Sectors
XMA
Materials
82.53%
Other
17.48%
XIC
Financials
28.13%
Energy
18.01%
Materials
15.92%
Other
13.03%
Other
24.92%
As of May 6, 2026
Top 10 Holdings
XMA
AGNICO EAGLE MINES LTD
15.62%
CA06849F1080
10.52%
WHEATON PRECIOUS METALS CORP
9.16%
FRANCO NEVADA
7.33%
KINROSS GOLD
5.64%
NUTRIEN LTD
5.58%
TECK RESOURCES LIMITED
3.56%
PAN AMERICAN
3.55%
ALAMOS GOLD
2.87%
LUNDIN MINING
2.59%
XIC
ROYAL BK CANADA
6.69%
TORONTO DOMINION
4.64%
SHOPIFY SUBORDINATE VOTING
4.31%
ENBRIDGE
3.50%
AGNICO EAGLE MINES LTD
3.01%
CDN NATURAL RESOURCE
3.01%
BANK OF MONTREAL
2.83%
CA11271J1075
2.65%
CDN IMPERIAL BK
2.61%
BNS
2.53%
Diversification
XMA
Total weight of top 10 holdings out of 60 total
66.41%
XIC
Total weight of top 10 holdings out of 221 total
35.80%
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 | 0.37% | 2.07% |
| 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 May 6, 2026, XMA has returned 8.83% year to date, while XIC has returned 7.93%. XMA is ahead on YTD performance.
Which ETF is larger by assets under management: XMA or XIC?
As of May 6, 2026, XMA manages $707.36 M in assets, while XIC manages $28.89 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 Materials. XIC is most exposed to Financials, Energy, and Materials.
Which ETF is attracting more investor flows: XMA or XIC?
Year to date, XMA has seen +$269.86 M in net flows, compared with +$5,191.68 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 and WHEATON PRECIOUS METALS CORP. XIC's top holdings include ROYAL BK CANADA and TORONTO DOMINION.
Which ETF is more diversified: XMA or XIC?
XMA holds 48 securities, while XIC holds 193. On holdings count, XIC is the more diversified portfolio.
Recent articles about XMA and XIC
Defense Spending and Trade Reform Could Fuel These ETFs
Canada’s Bill C-5 clears trade barriers, boosting manufacturing ETFs.
Posted on 7/3/2025 by Kyle Anthony inDefense
The ETF Market Canada is brought to you by Cboe in partnership with Trackinsight SA who is providing all the data, analysis and editorial content on this site. Unless explicitly stated as such, any information that you receive is not real-time.
All content on the ETF Market Canada is for your general information use only, Cboe is not responsible for any use of content by you outside this scope. In particular, the content does not constitute any form of advice, recommendation, representation, endorsement or arrangement by Cboe and is not intended to be relied upon by users in making (or refraining from making) any specific investment or other decisions.
All content on the ETF Market Canada is for your general information use only, Cboe is not responsible for any use of content by you outside this scope. In particular, the content does not constitute any form of advice, recommendation, representation, endorsement or arrangement by Cboe and is not intended to be relied upon by users in making (or refraining from making) any specific investment or other decisions.