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Compare iShares S&P/TSX Completion Index ETF (XMD) vs CI Morningstar Canada Momentum Index ETF (WXM) to find the best fit for your portfolio. XMD provides Non-Energy Materials, Finance, and Energy exposures, while WXM is primarily weighted in Finance, Non-Energy Materials, and Industrials. When evaluating costs, XMD features a management fee (MER) of 0.55%, compared to 0.6% for WXM. Performance-wise, XMD has returned 10.41% year-to-date with +$269 M in net flows, whereas WXM is at 14.74% with +$99 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
WXM
| AuM | $909.96 M | $1,119.49 M |
| Management Fees | 0.55% | 0.60% |
| Exp. ratio | 0.60% | 0.65% |
| Tracking Difference | -0.80% | -0.93% |
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% |
WXM | +2.38% | +0.56% | +14.74% | +24.11% | +122.00% | |
| Flows | XMD | +$47 M | +$119 M | +$269 M | +$361 M | +$448 M |
WXM | -$82 M | -$457 M | +$99 M | +$108 M | +$37 M |
XMD vs WXM exposure
Countries
XMD
Canada
92.37%
Other
7.63%
WXM
Canada
93.46%
Sectors
XMD
Non-Energy Materials
37.85%
Finance
16.74%
Energy
15.27%
Industrials
13.49%
Other
16.65%
WXM
Finance
28.32%
Non-Energy Materials
22.41%
Industrials
15.37%
Other
33.90%
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%
WXM
DPM Metals, Inc.
4.79%
K92 Mining, Inc.
4.37%
Altius Minerals Corp.
3.89%
Great-West Lifeco, Inc.
3.78%
Teck Resources Limited
3.71%
Restaurant Brands International, Inc.
3.68%
IGM Financial, Inc.
3.65%
CES Energy Solutions Corp.
3.61%
PrairieSky Royalty Ltd.
3.60%
The Toronto-Dominion Bank
3.58%
Diversification
XMD
Total weight of top 10 holdings out of 157 total
21.71%
WXM
Total weight of top 10 holdings out of 31 total
38.68%
Characteristics
Compare
XMD
WXM
| Provider | iShares | CI |
| Management | Passively managed | Passively managed |
| Benchmark | S&P/TSX Completion Total Return Index - CAD | Morningstar Canada Target Momentum Total Return Index - CAD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 1.01% | 1.14% |
| Meets ESG criteria | No | No |
| Inception Date | March 2, 2001 | February 13, 2012 |
Frequently asked questions about XMD and WXM
Which ETF has performed better year to date: XMD or WXM?
As of October 16, 2026, XMD has returned 10.41% year to date, while WXM has returned 14.74%. WXM is ahead on YTD performance.
Which ETF is larger by assets under management: XMD or WXM?
As of October 16, 2026, XMD manages $909.96 M in assets, while WXM manages $1.12 B. WXM is the larger fund by AUM.
How are XMD and WXM managed?
XMD is passively managed by iShares. It tracks the S&P/TSX Completion Total Return Index - CAD benchmark. WXM is passively managed by CI. It tracks the Morningstar Canada Target Momentum Total Return Index - CAD benchmark.
What sectors do XMD and WXM emphasize?
XMD is most exposed to Non-Energy Materials, Finance, and Energy. WXM is most exposed to Finance, Non-Energy Materials, and Industrials.
Which ETF is attracting more investor flows: XMD or WXM?
Year to date, XMD has seen +$269.05 M in net flows, compared with +$98.87 M for WXM. XMD has attracted more net investor money so far.
How do the fees of XMD and WXM compare?
XMD has an expense ratio of 0.60%, while WXM has an expense ratio of 0.65%.
What are the top holdings of XMD and WXM?
XMD's largest holdings include Pan American Silver Corp., Bombardier, Inc., and Lundin Mining Corp.. WXM's top holdings include DPM Metals, Inc., K92 Mining, Inc., and Altius Minerals Corp..
Which ETF is more diversified: XMD or WXM?
XMD holds 157 securities, while WXM holds 31. On holdings count, XMD is the more diversified portfolio.
Recent articles about XMD and WXM
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