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 $32.38 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: +7.08%, 1-year: +54.60%, 3-year annualised: +18.14%, 5-year annualised: +15.82%, 10-year annualised: +15.83%. Past performance is not a guarantee of future results. The 3-year Sharpe ratio is 0.76, 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 0.69%, 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 Freeport-McMoran Copper & Gold Inc (FCX, 10.3%), BHP Group Limited (BHP, 10.2%), Teck Resources Limited (TECK-B, 10.1%), Rio Tinto ADR (RIO, 9.7%), First Quantum Minerals Ltd (FM, 7.2%) — 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 $559M 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 31.68% and a beta of 1.02 (roughly in line with the broad market). Its 3-year Sharpe ratio of 0.76 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
2026-07-20	$32.18	$32.39	$32.07	$32.38	$32.38	86,985
2026-07-17	$31.83	$32.54	$31.80	$32.10	$32.10	77,765
2026-07-16	$33.05	$33.05	$32.42	$32.47	$32.47	43,088
2026-07-15	$34.49	$34.80	$33.40	$33.96	$33.96	91,861
2026-07-14	$34.06	$34.79	$34.06	$34.58	$34.58	68,052
2026-07-13	$34.00	$34.03	$33.17	$33.35	$33.35	86,582
2026-07-10	$33.90	$34.42	$33.90	$34.25	$34.25	37,406
2026-07-09	$33.36	$34.05	$33.30	$33.95	$33.95	36,637
2026-07-08	$32.48	$32.87	$31.90	$32.82	$32.82	44,165
2026-07-07	$33.50	$34.18	$33.17	$33.46	$33.46	49,340

#	Ticker	Name	Weight
1	FCX	Freeport-McMoran Copper & Gold Inc	10.29%
2	BHP	BHP Group Limited	10.20%
3	TECK-B	Teck Resources Limited	10.08%
4	RIO	Rio Tinto ADR	9.73%
5	FM	First Quantum Minerals Ltd	7.16%
6	LUN	Lundin Mining Corporation	6.39%
7	SCCO	Southern Copper Corporation	5.64%
8	AA	Alcoa Corp	5.34%
9	HBM	HudBay Minerals Inc	4.05%
10	MP	MP Materials Corp	2.94%

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%

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

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Price Chart (30 Days)

Key Statistics

Recent Price History

Annualised Returns

Top 10 Holdings

Sector Weights

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