Question 1

What is XBM?

Accepted Answer

XBM (iShares S&P/TSX Global Base Metals) is a Canadian-listed ETF trading on the TSX in the Natural Resources Equity category. It tracks the Morningstar Canada Natural Res NR CAD.

Question 2

What is the XBM ETF price today?

Accepted Answer

XBM last traded at $36.39 CAD on the TSX. See the price chart above for recent performance.

Question 3

What is the XBM MER (management expense ratio)?

Accepted Answer

XBM has a management expense ratio (MER) of 0% per year. This fee is automatically deducted from the fund's assets, so you never pay it directly — but it does reduce your net returns over time. At 0%, XBM is considered a low-cost ETF.

Question 4

What are XBM annualised returns?

Accepted Answer

XBM historical returns: YTD: +20.34%, 1-year: +67.97%, 3-year annualised: +25.97%, 5-year annualised: +17.85%, 10-year annualised: +17.69%. Past performance is not a guarantee of future results. The 3-year Sharpe ratio is 0.84, which measures risk-adjusted return.

Question 5

Does XBM pay dividends or distributions?

Accepted Answer

Yes, XBM distributes income to unitholders. The current distribution yield is approximately 0.64%, paid half-yearly. Distributions may include dividends, interest, capital gains, or return of capital depending on the fund's holdings. In a TFSA or RRSP, distributions are sheltered from tax.

Question 6

What does XBM invest in?

Accepted Answer

XBM's top holdings include BHP Group Limited (BHP, 10.8%), Freeport-McMoran Copper & Gold Inc (FCX, 10.7%), Teck Resources Limited (TECK-B, 10.6%), Rio Tinto ADR (RIO, 10.4%), First Quantum Minerals Ltd (FM, 7.6%) — and 5 more positions. See the full Top 10 Holdings table above for a complete breakdown. The fund tracks the Morningstar Canada Natural Res NR CAD.

Question 7

What sectors does XBM invest in?

Accepted Answer

XBM's largest sector exposures are Basic Materials (99.9%), Industrials (0.1%), Consumer Cyclicals (0.0%). The full sector breakdown is shown in the Sector Weights table on this page.

Question 8

How large is XBM? (Assets under management)

Accepted Answer

XBM has approximately $629M in assets under management (AUM). Larger AUM generally means better liquidity, tighter bid-ask spreads, and a lower risk of the fund being wound down.

Question 9

When was XBM launched?

Accepted Answer

XBM was launched on April 12, 2011, giving it a 15-year track record. A longer history makes it easier to evaluate how the ETF performs across different market cycles.

Question 10

How do I buy XBM in Canada?

Accepted Answer

XBM trades on the TSX under the ticker XBM. You can buy it through any Canadian brokerage, including Wealthsimple Trade (commission-free), Questrade, TD Direct Investing, RBC Direct, and CIBC Investor's Edge. It can be held in a TFSA, RRSP, FHSA, or taxable account.

Question 11

How risky is XBM?

Accepted Answer

XBM has a 1-year volatility of 34.35% and a beta of 1.02 (roughly in line with the broad market). Its 3-year Sharpe ratio of 0.84 indicates moderate risk-adjusted returns. As with all market-linked investments, past volatility does not predict future risk.

Date	Open	High	Low	Close	Adj Close	Volume
2026-09-10	$36.68	$36.68	$36.30	$36.39	$36.39	98,243
2026-09-09	$39.08	$39.23	$38.35	$38.71	$38.71	60,248
2026-09-08	$37.99	$39.31	$37.99	$38.72	$38.72	140,557
2026-09-04	$37.01	$37.63	$37.01	$37.39	$37.39	7,600
2026-09-03	$37.95	$38.00	$37.18	$37.43	$37.43	11,378
2026-09-02	$37.52	$38.13	$37.17	$37.43	$37.43	8,491
2026-09-01	$37.43	$37.99	$37.23	$37.23	$37.23	10,712
2026-08-31	$39.09	$39.11	$38.08	$38.25	$38.25	9,432
2026-08-28	$39.90	$39.91	$38.81	$38.93	$38.93	106,496
2026-08-27	$39.49	$39.79	$39.37	$39.70	$39.70	35,575

#	Ticker	Name	Weight
1	BHP	BHP Group Limited	10.80%
2	FCX	Freeport-McMoran Copper & Gold Inc	10.69%
3	TECK-B	Teck Resources Limited	10.63%
4	RIO	Rio Tinto ADR	10.36%
5	FM	First Quantum Minerals Ltd	7.58%
6	LUN	Lundin Mining Corporation	6.78%
7	SCCO	Southern Copper Corporation	6.18%
8	AA	Alcoa Corp	4.84%
9	HBM	HudBay Minerals Inc	4.07%
10	CS	Capstone Mining Corp	2.41%

Sector	Weight
Basic Materials	99.86%
Industrials	0.14%
Consumer Cyclicals	0.00%
Financial Services	0.00%
Real Estate	0.00%
Communication Services	0.00%
Energy	0.00%
Technology	0.00%
Consumer Defensive	0.00%
Healthcare	0.00%
Utilities	0.00%

Ticker	Name	Price	1D
OILU		$65.56	+11.27%
HOU	BetaPro Crude Oil Daily Bull ETF	$29.03	+11.14%
SLVD	BetaPro Silver -2x Daily Bear ETF	$31.94	+10.98%
CGMD		$5.11	+10.61%
SOXD		$15.41	+7.69%
AAPU		$43.36	+7.33%
MSTZ		$3.24	+7.28%
GASD		$5.46	+6.64%

CIBC Investor's Edge

iShares S&P/TSX Global Base Metals (XBM : TSX)

Price Chart (30 Days)

Key Statistics

Recent Price History

Annualised Returns

Top 10 Holdings

Sector Weights

ETF Details

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Frequently Asked Questions — XBM