XBM.TO
iShares S&P/TSX Global Base Metals Index ETF
Global
EQUITY
Rules-Based
MANAGEMENT STYLE
$ 702.7 M
ASSETS UNDER MGMT
61 bp
EXPENSES
Fund Basics
| Inception date | Apr 12, 2011 |
| Regulation | |
| Fund Website | link... |
| Distributions | |
| Currency | CAD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| BHP BILLITON LTD-SPON ADR | 10.9 % |
| RIO TINTO PLC-SPON ADR | 10.7 % |
| TECK RESOURCES LTD-CLS B | 10.5 % |
| FREEPORT-MCMORAN COPPER | 9.7 % |
| LUNDIN MINING CORP | 6.8 % |
| FIRST QUANTUM MINERALS LTD | 6.1 % |
| ALCOA CORP. | 5.8 % |
| SOUTHERN COPPER CORP | 5.3 % |
| HUDBAY MINERALS INC | 3.6 % |
| MP MATERIALS CORP CLASS A | 2.9 % |
Constituent Breakdown
| Number of holdings | 60 |
| Herfindahl-Hirschman Index | 633 |
| Wgt avg mkt cap (mns) | $50,860 |
| Large cap (>$10bn) | 68.0% |
| Mid cap ($2-10bn) | 14.5% |
| Small cap (<$2bn) | 6.4% |
| Developed mkts. | 90.1% |
| Emerging mkts. | 2.2% |
Sector Breakdown
Country Exposure
 |
CANADA | 36.2 % |
 |
UNITED STATES | 30.8 % |
 |
AUSTRALIA | 10.9 % |
 |
BRITAIN | 10.8 % |
 |
PERU | 2.0 % |
 |
NETHERLANDS | 1.4 % |
Historical Performance
Standardized Performance (as of 05/31/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 33.9% | 114.0% | 31.1% | 29.5% | 16.1% | 16.9% | -- | 4.9% |
| Dividend Yield | 0.0% | 2.4% | 1.5% | 1.9% | 3.0% | 3.1% | -- | 2.7% |
| Total Returns | 33.9% | 116.4% | 32.6% | 31.4% | 19.0% | 20.0% | -- | 7.5% | Ann. Volatility | 45.1% | 35.5% | 35.4% | 32.5% | 33.0% | 32.6% | -- | 32.7% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.75 | 33% |
| MSCI EAFE | 1.56 | 43% |
| MSCI Emg Mkts | 1.20 | 44% |
Liquidity Measures
| Avg. volume (000) | 83 |
| ADV traded (mns) | $4 |
| Turnover | 0.5% |
| Avg. Bid/Ask (% of price) | 0.00% |
Technical Indicators
| 30d moving avg. (EMA) | $36.63 |
| Relative strength (RSI) | 58 |
| MACD/Signal | 0.92/0.70 |
| Bollinger Bands (Upper/Lower) | $40.41/$33.26 |
| Short interest (% of AUM) | 0.0% |
Distributions
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. XBM.TO |
Expenses vs. XBM.TO |
ALTAR Score™ vs. XBM.TO |
|---|---|---|---|---|
| COPP.TO | Global X Copper Producers Index ETF | 58.9% | +4 bp | -0.8% |
| ZMT.TO | BMO Equal Weight Global Base Metals Hedged to CAD Index ETF | 31.1% | -6 bp | -1.7% |
| MTRX.TO | Global X Artificial Intelligence Infrastructure Index ETF | 14.0% | -12 bp | -1.6% |
| XMA.TO | iShares S&P/TSX Capped Materials Index ETF | 13.9% | -6 bp | -0.6% |
Risk and Returns: XBM.TO vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates (CAD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Book value per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 6/3/2026
Peer Group Comparison
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ETF Research Center Rating
3.3%
ALTAR SCORE™
36th
PERCENTILE
UNDERWEIGHT
ETFRC RATING
There are 727 funds in the Global Equity category with an average
ALTAR Score™ of 4.3% and a standard deviation
of 2.6%. XBM.TO's ALTAR Score™ is approximately -0.4 standard
deviations above the category average. This places XBM.TO in the 36th percentile
among funds in the category.
Sell-Side Consensus
$38.73
PRICE TARGET
-8.3%
UPSIDE