A side-by-side comparison of CI First Asset Can-Materials Covered Call ETF Common (MXF) and iShares S&P/TSX Energy Transition Materials Index ETF (XETM) to help Canadian investors make an informed decision.
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1-Year Performance
Normalised to 100 at the start — shows relative return over the trailing 12 months.
Head-to-Head Comparison
| Metric | MXF | XETM |
|---|---|---|
| YTD Return | -27.32% | -1.48%✓ |
| 1-Day Change | -12.31% | +0.85%✓ |
| 1-Week Change | -15.08% | -3.04%✓ |
| 1-Month Change | — | -16.06% |
| Current Price | $16.95 | $71.19 |
| AUM | $236M✓ | $99M |
| MER (Expense Ratio) | 0.74% | — |
| Dividend Yield | 7.36%✓ | 0.27% |
| Distribution Frequency | Quarterly | Annually |
| Inception Date | 2011-06-01 | 2023-09-06 |
| Holdings Count | 10 | 10 |
| MorningStar Rating | ★★ | — |
| Category | Natural Resources Equity | Natural Resources Equity |
| Beta | 0.85 | 0.00 |
| 52-Week High | $24.39 | $93.94 |
| 52-Week Low | $12.32 | $42.99 |
| 50-Day MA | $12.16 | $81.35 |
| 200-Day MA | $12.16 | $81.81 |
✓ marks the better value for return/yield/AUM metrics. Lower ✓ for MER.
Annualised Returns
| Period | MXF | XETM |
|---|---|---|
| YTD | -27.32% | -1.48%✓ |
| 1 Year | +27.21% | +63.58%✓ |
| 3 Year | +24.56% | — |
| 5 Year | +15.26% | — |
| 10 Year | +7.53% | — |
| 1Y Volatility | 44.07% | 35.37% |
| Sharpe Ratio (3Y) | 0.86 | — |
Past performance is not a guarantee of future results.
Top 10 Holdings
| 1 | DGC | Detour Gold Corporation | 5.10% |
| 2 | YRI | Yamana Gold Inc | 4.70% |
| 3 | PAAS | Pan American Silver Corp | 4.65% |
| 4 | CG | Centerra Gold Inc | 4.55% |
| 5 | SSRM | SSR Mining Inc | 4.48% |
| 6 | AGI | Alamos Gold Inc | 4.28% |
| 7 | PVG | Pretium Resources Inc | 4.25% |
| 8 | WPM | Wheaton Precious Metals Corp | 4.23% |
| 9 | K | Kinross Gold Corp | 4.19% |
| 10 | FNV | Franco-Nevada Corporation | 4.07% |
| 1 | TECK-B | Teck Resources Limited | 9.41% |
| 2 | FM | First Quantum Minerals Ltd | 8.85% |
| 3 | CCO | Cameco Corp | 7.73% |
| 4 | LUN | Lundin Mining Corporation | 6.72% |
| 5 | FCX | Freeport-McMoran Copper & Gold Inc | 6.38% |
| 6 | SCCO | Southern Copper Corporation | 4.93% |
| 7 | BHP | BHP Group Limited | 4.76% |
| 8 | IVN | Ivanhoe Mines Ltd. | 4.34% |
| 9 | RIO | Rio Tinto ADR | 4.24% |
| 10 | CS | Capstone Mining Corp | 3.67% |
Sector Weights
| Sector | MXF | XETM |
|---|---|---|
| Basic Materials | 100.00% | 84.82% |
| Communication Services | 0.00% | 0.00% |
| Consumer Cyclicals | 0.00% | 0.00% |
| Consumer Defensive | 0.00% | 0.00% |
| Energy | 0.00% | 15.18% |
| Financial Services | 0.00% | 0.00% |
| Healthcare | 0.00% | 0.00% |
| Industrials | 0.00% | 0.00% |
| Real Estate | 0.00% | 0.00% |
| Technology | 0.00% | 0.00% |
| Utilities | 0.00% | 0.00% |
About MXF
The investment objective of the Can-Materials ETF is to provide unitholders, through an actively managed portfolio, as described below, with (i) quarterly cash distributions, (ii) the opportunity for capital appreciation by investing on an equal weight basis in a portfolio of securities of the 25 largest issuers measured by market capitalization chosen from the S&P/TSX Capped Materials Index and (iii) lower overall volatility of returns on the portfolio than would be experienced by owning a port…
About XETM
iShares S&P/TSX Energy Transition Materials Index ETF is an exchange traded fund launched and managed by BlackRock Asset Management Canada Limited. It is co-managed by BlackRock Institutional Trust Company, N.A. It invests in public equity markets of the United States. The fund invests directly and through other funds in stocks of companies operating across materials sectors. The fund invests in growth and value stocks of companies across diversified market capitalization. The fund seeks to trac…
Which ETF is Right for You?
Both MXF and XETM are listed on Canadian exchanges and accessible through most Canadian brokerages including Questrade, Wealthsimple Trade, TD Direct, and Interactive Brokers.
Based on the available data, MXF scores higher across our tracked metrics including YTD performance, dividend yield, and AUM — though both ETFs warrant individual research before investing.
- Consider your account type (TFSA, RRSP, non-registered) as it can affect dividend taxation.
- Compare management expense ratios (MER) directly on each provider's website.
- Look at average daily trading volume to assess liquidity.
- Review the fund's underlying index and holdings to ensure the exposure matches your goals.
This is not financial advice. Always do your own research or consult a licensed financial advisor before investing.
Frequently Asked Questions
What is the difference between MXF and XETM?
MXF (CI First Asset Can-Materials Covered Call ETF Common) and XETM (iShares S&P/TSX Energy Transition Materials Index ETF) are both Canadian-listed ETFs. Key differences include their AUM ($236M vs $99M), dividend yield (7.36% vs 0.27%), and year-to-date performance (-27.32% vs -1.48%).
Is MXF better than XETM?
There is no single "better" ETF — it depends on your investment goals. If you prioritise dividends, compare both yields and choose based on your income needs. Always review the fund's prospectus and consider your tax situation.
Can I buy MXF and XETM on Wealthsimple?
Most Canadian-listed ETFs are available on Wealthsimple Trade commission-free. Both MXF and XETM should be accessible. Check Wealthsimple's supported tickers list to confirm availability.
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