VS
Compare BMO Equal Weight Global Gold Index ETF (ZGD) vs iShares S&P/TSX Global Base Metals Index ETF (XBM) to find the best fit for your portfolio. ZGD provides Non-Energy Materials exposures, while XBM is primarily weighted in Non-Energy Materials and Industrials. When evaluating costs, ZGD features a management fee (MER) of 0.55%, compared to 0.55% for XBM. Performance-wise, ZGD has returned 19.89% year-to-date with +$75 M in net flows, whereas XBM is at 19.11% with +$196 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
ZGD
XBM
| AuM | $402.18 M | $602.21 M |
| Management Fees | 0.55% | 0.55% |
| Exp. ratio | 0.60% | 0.60% |
| Tracking Difference | -0.63% | -1.18% |
Historical performance and flows
As of September 16, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZGD | +3.74% | +12.22% | +19.89% | +58.65% | +370.46% |
XBM | -5.42% | -11.09% | +19.11% | +51.64% | +82.70% | |
| Flows | ZGD | +$23 M | +$44 M | +$75 M | +$93 M | +$130 M |
XBM | +$18 M | -$3 M | +$196 M | +$208 M | +$206 M |
ZGD vs XBM exposure
Countries
ZGD
Canada
73.22%
USA
20.64%
XBM
Canada
41.92%
USA
31.70%
Australia
11.17%
United Kingdom
10.57%
Sectors
ZGD
Non-Energy Materials
100.00%
XBM
Non-Energy Materials
99.61%
As of September 16, 2026
Top 10 Holdings
ZGD
Coeur Mining, Inc.
3.69%
Wesdome Gold Mines Ltd.
2.98%
Equinox Gold Corp.
2.95%
Montage Gold Corp.
2.93%
Centerra Gold, Inc.
2.65%
DPM Metals, Inc.
2.51%
Orezone Gold Corp.
2.50%
Southern Cross Gold Consolidated Ltd.
2.49%
Discovery Mining Ltd.
2.38%
SSR Mining, Inc.
2.37%
XBM
Teck Resources Limited
10.86%
BHP Group Ltd.
10.81%
Freeport-McMoRan, Inc.
10.67%
Rio Tinto Plc
10.24%
First Quantum Minerals Ltd.
7.49%
Lundin Mining Corp.
6.85%
Southern Copper Corp.
6.16%
Alcoa Corp.
4.73%
Hudbay Minerals, Inc.
4.01%
Capstone Copper Corp.
2.36%
Diversification
ZGD
Total weight of top 10 holdings out of 48 total
27.45%
XBM
Total weight of top 10 holdings out of 54 total
74.19%
Characteristics
Compare
ZGD
XBM
| Provider | BMO | iShares |
| Management | Passively managed | Passively managed |
| Benchmark | Solactive Equal Weight Global Gold Index - CAD | S&P/TSX Global Base Metals Total Return Index - CAD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 0.18% | 0.70% |
| Meets ESG criteria | No | No |
| Inception Date | November 14, 2012 | April 12, 2011 |
Frequently asked questions about ZGD and XBM
Which ETF has performed better year to date: ZGD or XBM?
As of September 16, 2026, ZGD has returned 19.89% year to date, while XBM has returned 19.11%. ZGD is ahead on YTD performance.
Which ETF is larger by assets under management: ZGD or XBM?
As of September 16, 2026, ZGD manages $402.18 M in assets, while XBM manages $602.21 M. XBM is the larger fund by AUM.
How are ZGD and XBM managed?
ZGD is passively managed by BMO. It tracks the Solactive Equal Weight Global Gold Index - CAD benchmark. XBM is passively managed by iShares. It tracks the S&P/TSX Global Base Metals Total Return Index - CAD benchmark.
What sectors do ZGD and XBM emphasize?
ZGD is most exposed to Non-Energy Materials. XBM is most exposed to Non-Energy Materials and Industrials.
Which ETF is attracting more investor flows: ZGD or XBM?
Year to date, ZGD has seen +$75.40 M in net flows, compared with +$195.70 M for XBM. XBM has attracted more net investor money so far.
How do the fees of ZGD and XBM compare?
ZGD has an expense ratio of 0.60%, while XBM has an expense ratio of 0.60%.
What are the top holdings of ZGD and XBM?
ZGD's largest holdings include Coeur Mining, Inc., Wesdome Gold Mines Ltd., and Equinox Gold Corp.. XBM's top holdings include Teck Resources Limited, BHP Group Ltd., and Freeport-McMoRan, Inc..
Which ETF is more diversified: ZGD or XBM?
ZGD holds 48 securities, while XBM holds 54. On holdings count, XBM is the more diversified portfolio.
Recent articles about ZGD and XBM
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