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 $38.03 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: +25.76%, 1-year: +103.40%, 3-year annualised: +27.76%, 5-year annualised: +18.56%, 10-year annualised: +19.83%. Past performance is not a guarantee of future results. The 3-year Sharpe ratio is 1.00, 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, 10.7%), Rio Tinto ADR (RIO, 10.2%), Teck Resources Limited (TECK-B, 9.8%), Freeport-McMoran Copper & Gold Inc (FCX, 9.4%), First Quantum Minerals Ltd (FM, 6.9%) — 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%), 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 $666M 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 26.89% and a beta of 1.00 (roughly in line with the broad market). Its 3-year Sharpe ratio of 1.00 indicates solid risk-adjusted returns. As with all market-linked investments, past volatility does not predict future risk.

Date	Open	High	Low	Close	Adj Close	Volume
2026-06-22	$38.04	$38.23	$37.66	$38.03	$38.03	50,402
2026-06-19	$37.98	$38.37	$37.71	$37.85	$37.85	28,064
2026-06-18	$39.07	$39.07	$38.17	$38.42	$38.42	172,550
2026-06-17	$39.64	$40.27	$39.03	$39.03	$39.03	52,087
2026-06-16	$39.75	$39.92	$39.33	$39.58	$39.58	17,598
2026-06-15	$40.19	$40.28	$39.39	$39.49	$39.49	34,067
2026-06-12	$38.34	$38.89	$38.02	$38.70	$38.70	63,954
2026-06-11	$36.05	$37.70	$36.05	$37.67	$37.67	74,153
2026-06-10	$36.20	$36.51	$35.44	$35.47	$35.47	84,216
2026-06-09	$37.45	$37.86	$35.50	$36.64	$36.64	77,643

#	Ticker	Name	Weight
1	BHP	BHP Group Limited	10.67%
2	RIO	Rio Tinto ADR	10.17%
3	TECK-B	Teck Resources Limited	9.83%
4	FCX	Freeport-McMoran Copper & Gold Inc	9.40%
5	FM	First Quantum Minerals Ltd	6.89%
6	LUN	Lundin Mining Corporation	6.68%
7	AA	Alcoa Corp	6.65%
8	SCCO	Southern Copper Corporation	5.28%
9	HBM	HudBay Minerals Inc	3.84%
10	MP	MP Materials Corp	2.88%

Sector	Weight
Basic Materials	99.85%
Industrials	0.15%
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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