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 $35.37 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: +16.96%, 1-year: +49.07%, 3-year annualised: +26.02%, 5-year annualised: +18.89%, 10-year annualised: +16.62%. 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 Freeport-McMoran Copper & Gold Inc (FCX, 11.2%), Teck Resources Limited (TECK-B, 10.4%), BHP Group Limited (BHP, 10.4%), Rio Tinto ADR (RIO, 9.5%), First Quantum Minerals Ltd (FM, 7.9%) — 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%), Energy (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 $614M 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
2026-10-01	$35.45	$35.56	$35.00	$35.37	$35.37	59,269
2026-09-30	$36.55	$36.55	$35.63	$35.63	$35.63	226,471
2026-09-29	$36.56	$36.56	$35.85	$36.03	$36.03	35,349
2026-09-28	$35.69	$36.26	$35.01	$36.16	$36.16	102,686
2026-09-25	$36.55	$36.65	$36.30	$36.57	$36.57	49,233
2026-09-24	$36.35	$36.55	$36.00	$36.45	$36.45	66,144
2026-09-23	$37.02	$37.02	$36.31	$36.62	$36.62	35,727
2026-09-22	$37.09	$37.84	$36.94	$37.65	$37.65	22,904
2026-09-21	$36.59	$36.69	$36.10	$36.69	$36.69	95,231
2026-09-18	$36.31	$36.31	$35.68	$36.01	$36.01	47,267

#	Ticker	Name	Weight
1	FCX	Freeport-McMoran Copper & Gold Inc	11.18%
2	TECK-B	Teck Resources Limited	10.42%
3	BHP	BHP Group Limited	10.38%
4	RIO	Rio Tinto ADR	9.48%
5	FM	First Quantum Minerals Ltd	7.87%
6	LUN	Lundin Mining Corporation	6.34%
7	SCCO	Southern Copper Corporation	6.18%
8	AA	Alcoa Corp	4.62%
9	HBM	HudBay Minerals Inc	4.44%
10	MP	MP Materials Corp	2.60%

Sector	Weight
Basic Materials	99.88%
Industrials	0.12%
Energy	0.00%
Utilities	0.00%
Healthcare	0.00%
Technology	0.00%
Real Estate	0.00%
Consumer Cyclicals	0.00%
Consumer Defensive	0.00%
Financial Services	0.00%
Communication Services	0.00%

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MSTE	Harvest MicroStrategy Enhanced High Income Shares ETF - Class A Units	$2.85	+4.40%
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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