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Compare iShares S&P/TSX Completion Index ETF (XMD) vs Global X Inovestor Canadian Equity Index ETF (INOC) to find the best fit for your portfolio. XMD provides Non-Energy Materials, Finance, and Energy exposures, while INOC is primarily weighted in Non-Energy Materials, Finance, and Industrials. When evaluating costs, XMD features a management fee (MER) of 0.55%, compared to 0.75% for INOC. Performance-wise, XMD has returned 10.41% year-to-date with +$269 M in net flows, whereas INOC is at 18.7% with -$7 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
XMD
INOC
| AuM | $909.96 M | $31.01 M |
| Management Fees | 0.55% | 0.75% |
| Exp. ratio | 0.60% | 0.74% |
| Tracking Difference | -0.80% | -1.07% |
Historical performance and flows
As of October 16, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | XMD | -0.19% | +2.77% | +10.41% | +14.92% | +104.34% |
INOC | +2.31% | +4.67% | +18.70% | +25.81% | +63.31% | |
| Flows | XMD | +$47 M | +$119 M | +$269 M | +$361 M | +$448 M |
INOC | -$1 M | -$4 M | -$7 M | -$7 M | -$10 M |
XMD vs INOC exposure
Countries
XMD
Canada
92.37%
Other
7.63%
INOC
Canada
90.88%
Other
9.12%
Sectors
XMD
Non-Energy Materials
37.85%
Finance
16.74%
Energy
15.27%
Industrials
13.49%
Other
16.65%
INOC
Non-Energy Materials
23.73%
Finance
18.17%
Industrials
10.79%
Technology
8.59%
Energy
8.38%
Consumer Non-Cyclicals
7.18%
Other
23.16%
As of October 16, 2026
Top 10 Holdings
XMD
Pan American Silver Corp.
2.92%
Bombardier, Inc.
2.54%
Lundin Mining Corp.
2.41%
Great-West Lifeco, Inc.
2.25%
RB Global, Inc.
2.10%
Whitecap Resources, Inc.
2.10%
Alamos Gold, Inc.
2.05%
Equinox Gold Corp.
1.82%
ARC Resources Ltd.
1.82%
iA Financial Corp., Inc.
1.70%
INOC
K92 Mining, Inc.
5.51%
DPM Metals, Inc.
5.17%
Wesdome Gold Mines Ltd.
5.08%
Altius Minerals Corp.
4.48%
Canadian Natural Resources Ltd.
4.38%
Constellation Software, Inc.
4.35%
CGI, Inc.
4.24%
ARC Resources Ltd.
4.00%
Restaurant Brands International, Inc.
3.98%
CCL Industries, Inc.
3.95%
Diversification
XMD
Total weight of top 10 holdings out of 157 total
21.71%
INOC
Total weight of top 10 holdings out of 24 total
45.14%
Characteristics
Compare
XMD
INOC
| Provider | iShares | Global X |
| Management | Passively managed | Passively managed |
| Benchmark | S&P/TSX Completion Total Return Index - CAD | Nasdaq Inovestor Canada Net Total Return Index - CAD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 1.01% | 0.86% |
| Meets ESG criteria | No | No |
| Inception Date | March 2, 2001 | November 13, 2017 |
Frequently asked questions about XMD and INOC
Which ETF has performed better year to date: XMD or INOC?
As of October 16, 2026, XMD has returned 10.41% year to date, while INOC has returned 18.70%. INOC is ahead on YTD performance.
Which ETF is larger by assets under management: XMD or INOC?
As of October 16, 2026, XMD manages $909.96 M in assets, while INOC manages $31.01 M. XMD is the larger fund by AUM.
How are XMD and INOC managed?
XMD is passively managed by iShares. It tracks the S&P/TSX Completion Total Return Index - CAD benchmark. INOC is passively managed by Global X. It tracks the Nasdaq Inovestor Canada Net Total Return Index - CAD benchmark.
What sectors do XMD and INOC emphasize?
XMD is most exposed to Non-Energy Materials, Finance, and Energy. INOC is most exposed to Non-Energy Materials, Finance, and Industrials.
Which ETF is attracting more investor flows: XMD or INOC?
Year to date, XMD has seen +$269.05 M in net flows, compared with -$6.75 M for INOC. XMD has attracted more net investor money so far.
How do the fees of XMD and INOC compare?
XMD has an expense ratio of 0.60%, while INOC has an expense ratio of 0.74%.
What are the top holdings of XMD and INOC?
XMD's largest holdings include Pan American Silver Corp., Bombardier, Inc., and Lundin Mining Corp.. INOC's top holdings include K92 Mining, Inc., DPM Metals, Inc., and Wesdome Gold Mines Ltd..
Which ETF is more diversified: XMD or INOC?
XMD holds 157 securities, while INOC holds 24. On holdings count, XMD is the more diversified portfolio.
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