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 $37.23 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: +23.12%, 1-year: +79.65%, 3-year annualised: +26.94%, 5-year annualised: +19.89%, 10-year annualised: +17.44%. Past performance is not a guarantee of future results. The 3-year Sharpe ratio is 0.59, 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 0.73%, 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 $621M 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 33.20% and a beta of 1.00 (roughly in line with the broad market). Its 3-year Sharpe ratio of 0.59 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
2026-08-20	$36.35	$37.23	$36.20	$37.23	$37.23	13,021
2026-08-19	$36.74	$37.18	$36.41	$36.79	$36.79	11,451
2026-08-18	$36.36	$36.36	$35.88	$36.17	$36.17	21,640
2026-08-17	$36.42	$37.10	$36.42	$37.01	$37.01	236,823
2026-08-14	$36.44	$36.76	$36.27	$36.39	$36.39	100,207
2026-08-13	$37.07	$37.11	$36.35	$36.39	$36.39	39,764
2026-08-12	$38.28	$38.28	$37.41	$37.42	$37.42	86,597
2026-08-11	$38.05	$38.08	$37.26	$37.57	$37.57	213,328
2026-08-10	$37.48	$37.97	$37.38	$37.83	$37.83	400,895
2026-08-07	$37.16	$37.50	$36.78	$37.49	$37.49	330,897

#	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	99.89%
Industrials	0.11%
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%

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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