VS
BMO SPDR Materials Select Sector Index ETF (ZXLB.F) and Evolve Global Materials & Mining Enhanced Yield Index ETF (BASE) offer distinct profiles for Canadian ETF investors. A direct comparison shows that ZXLB.F focuses its top 3 sector exposures on Non-Energy Materials, while BASE leans towards Non-Energy Materials. When evaluating costs, ZXLB.F features a management fee (MER) of 0.21%, compared to 0.6% for BASE. Performance-wise, ZXLB.F has returned 11.24% year-to-date with +$3 M in net flows, whereas BASE is at 26.44% with +$41 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
ZXLB.F
BASE
| AuM | $4.18 M | $94.77 M |
| Management Fees | 0.21% | 0.60% |
| Exp. ratio | 0.21% | 0.80% |
| Tracking Difference | - | - |
Historical performance and flows
As of September 10, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZXLB.F | -4.45% | -0.72% | +11.24% | +9.06% | - |
BASE | -1.42% | +4.59% | +26.44% | +42.22% | +36.51% | |
| Flows | ZXLB.F | +$0 M | +$1 M | +$3 M | +$3 M | - |
BASE | +$1 M | +$10 M | +$41 M | +$44 M | +$44 M |
ZXLB.F vs BASE exposure
Countries
ZXLB.F
USA
77.95%
United Kingdom
15.64%
BASE
USA
68.92%
United Kingdom
10.42%
Other
20.65%
Sectors
ZXLB.F
Non-Energy Materials
99.81%
BASE
Non-Energy Materials
98.74%
As of September 10, 2026
Top 10 Holdings
ZXLB.F
Linde Plc
13.42%
Newmont Corp.
6.07%
Freeport-McMoRan, Inc.
5.46%
The Sherwin-Williams Co.
5.06%
Ecolab, Inc.
4.88%
Air Products & Chemicals, Inc.
4.81%
Corteva, Inc.
4.77%
Nucor Corp.
4.64%
Vulcan Materials Co.
4.45%
CRH Plc
4.29%
BASE
Mueller Industries, Inc.
5.61%
Nucor Corp.
5.60%
Steel Dynamics, Inc.
5.48%
LyondellBasell Industries NV
5.47%
ArcelorMittal SA
5.24%
Reliance, Inc.
5.23%
Southern Copper Corp.
5.19%
Dow, Inc.
5.14%
Rio Tinto Plc
4.96%
Freeport-McMoRan, Inc.
4.92%
Diversification
ZXLB.F
Total weight of top 10 holdings out of 25 total
57.85%
BASE
Total weight of top 10 holdings out of 20 total
52.84%
Characteristics
Compare
ZXLB.F
BASE
| Provider | BMO | Evolve ETFs |
| Management | Passively managed | Actively managed |
| Benchmark | S&P Materials Select Sector Total Return Index - USD | - |
| Replication Method | ||
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 1.40% | 8.32% |
| Meets ESG criteria | No | No |
| Inception Date | February 2, 2025 | June 12, 2019 |
Frequently asked questions about ZXLB.F and BASE
Which ETF has performed better year to date: ZXLB.F or BASE?
As of September 10, 2026, ZXLB.F has returned 11.24% year to date, while BASE has returned 26.44%. BASE is ahead on YTD performance.
Which ETF is larger by assets under management: ZXLB.F or BASE?
As of September 10, 2026, ZXLB.F manages $4.18 M in assets, while BASE manages $94.77 M. BASE is the larger fund by AUM.
How are ZXLB.F and BASE managed?
ZXLB.F is passively managed by BMO. It tracks the S&P Materials Select Sector Total Return Index - USD benchmark. BASE is actively managed by Evolve ETFs. It does not track an index.
What sectors do ZXLB.F and BASE emphasize?
ZXLB.F is most exposed to Non-Energy Materials. BASE is most exposed to Non-Energy Materials.
Which ETF is attracting more investor flows: ZXLB.F or BASE?
Year to date, ZXLB.F has seen +$2.58 M in net flows, compared with +$40.74 M for BASE. BASE has attracted more net investor money so far.
How do the fees of ZXLB.F and BASE compare?
ZXLB.F has an expense ratio of 0.21%, while BASE has an expense ratio of 0.80%.
What are the top holdings of ZXLB.F and BASE?
ZXLB.F's largest holdings include Linde Plc, Newmont Corp., and Freeport-McMoRan, Inc.. BASE's top holdings include Mueller Industries, Inc., Nucor Corp., and Steel Dynamics, Inc..
Which ETF is more diversified: ZXLB.F or BASE?
ZXLB.F holds 25 securities, while BASE holds 20. On holdings count, ZXLB.F is the more diversified portfolio.
Recent articles about ZXLB.F and BASE
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