A side-by-side comparison of BMO S&P/TSX Equal Weight Global Base Metals (CAD Hedged) (ZMT) and iShares S&P/TSX Capped Materials Index ETF (XMA) 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 | ZMT | XMA |
|---|---|---|
| YTD Return | +39.95%✓ | +10.90% |
| 1-Day Change | +2.80%✓ | +1.49% |
| 1-Week Change | +9.34%✓ | +2.28% |
| 1-Month Change | +18.17%✓ | +7.40% |
| Current Price | $153.57 | $46.29 |
| AUM | $85M | $722M✓ |
| MER (Expense Ratio) | 0% | 0% |
| Dividend Yield | 0.17% | 0.38%✓ |
| Distribution Frequency | Annually | Quarterly |
| Inception Date | 2009-10-20 | 2005-12-19 |
| Holdings Count | 10 | 10 |
| MorningStar Rating | ★★ | ★★★ |
| Category | Natural Resources Equity | Natural Resources Equity |
| Beta | 0.89 | 1.45 |
| 52-Week High | $153.63 | $55.67 |
| 52-Week Low | $70.66 | $26.55 |
| 50-Day MA | $129.02 | $45.66 |
| 200-Day MA | $110.58 | $42.05 |
✓ marks the better value for return/yield/AUM metrics. Lower ✓ for MER.
Annualised Returns
| Period | ZMT | XMA |
|---|---|---|
| YTD | +39.95%✓ | +10.90% |
| 1 Year | +109.14%✓ | +76.33% |
| 3 Year | +42.89%✓ | +37.94% |
| 5 Year | +20.26% | +20.90%✓ |
| 10 Year | +17.78%✓ | +15.08% |
| 1Y Volatility | 29.13% | 38.87% |
| Sharpe Ratio (3Y) | 1.29 | 1.18 |
Past performance is not a guarantee of future results.
Top 10 Holdings
| 1 | NDM | Northern Dynasty Minerals Ltd | 3.61% |
| 2 | KALU | Kaiser Aluminum Corporation | 3.34% |
| 3 | CSTM | Constellium Nv | 3.09% |
| 4 | NEXA | Nexa Resources SA | 3.09% |
| 5 | OM | Osisko Metals Incorporated | 2.98% |
| 6 | LXFR | Luxfer Holdings PLC | 2.82% |
| 7 | NB | NioCorp Developments Ltd. Common Stock | 2.77% |
| 8 | MLI | Mueller Industries Inc | 2.75% |
| 9 | TECK-B | Teck Resources Limited | 2.64% |
| 10 | CENX | Century Aluminum Company | 2.61% |
| 1 | AEM | Agnico Eagle Mines Limited | 14.90% |
| 2 | ABX | Barrick Gold Corp | 10.41% |
| 3 | WPM | Wheaton Precious Metals Corp | 9.07% |
| 4 | FNV | Franco-Nevada Corporation | 7.03% |
| 5 | NTR | Nutrien Ltd | 5.79% |
| 6 | K | Kinross Gold Corp | 5.75% |
| 7 | TECK-B | Teck Resources Limited | 4.13% |
| 8 | PAAS | Pan American Silver Corp | 3.49% |
| 9 | LUN | Lundin Mining Corporation | 2.74% |
| 10 | AGI | Alamos Gold Inc | 2.65% |
Sector Weights
| Sector | ZMT | XMA |
|---|---|---|
| Basic Materials | 89.50% | 98.38% |
| Communication Services | 0.00% | 0.00% |
| Consumer Cyclicals | 0.00% | 1.62% |
| Consumer Defensive | 0.00% | 0.00% |
| Energy | 0.00% | 0.00% |
| Financial Services | 0.00% | 0.00% |
| Healthcare | 0.00% | 0.00% |
| Industrials | 10.50% | 0.00% |
| Real Estate | 0.00% | 0.00% |
| Technology | 0.00% | 0.00% |
| Utilities | 0.00% | 0.00% |
About ZMT
BMO S&P/TSX Equal Weight Global Base Metals (CAD Hedged) (ZMT.TO) is a Canadian-listed ETF traded on the Toronto Stock Exchange. More detailed information will be available soon.
About XMA
iShares S&P/TSX Capped Materials Index ETF (XMA.TO) is a Canadian-listed ETF traded on the Toronto Stock Exchange. More detailed information will be available soon.
Which ETF is Right for You?
Both ZMT and XMA 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, XMA 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 ZMT and XMA?
ZMT (BMO S&P/TSX Equal Weight Global Base Metals (CAD Hedged)) and XMA (iShares S&P/TSX Capped Materials Index ETF) are both Canadian-listed ETFs. Key differences include their AUM ($85M vs $722M), dividend yield (0.17% vs 0.38%), and year-to-date performance (+39.95% vs +10.90%).
Is ZMT better than XMA?
There is no single "better" ETF — it depends on your investment goals. If you prioritise recent performance, ZMT has outperformed year-to-date. Always review the fund's prospectus and consider your tax situation.
Can I buy ZMT and XMA on Wealthsimple?
Most Canadian-listed ETFs are available on Wealthsimple Trade commission-free. Both ZMT and XMA should be accessible. Check Wealthsimple's supported tickers list to confirm availability.
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