Question 1

What is XMA?

Accepted Answer

XMA (iShares S&P/TSX Capped Materials Index ETF) 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 XMA ETF price today?

Accepted Answer

XMA last traded at $45.11 CAD on the TSX. See the price chart above for recent performance.

Question 3

What is the XMA MER (management expense ratio)?

Accepted Answer

XMA 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%, XMA is considered a low-cost ETF.

Question 4

What are XMA annualised returns?

Accepted Answer

XMA historical returns: YTD: +8.07%, 1-year: +26.37%, 3-year annualised: +39.89%, 5-year annualised: +23.93%, 10-year annualised: +13.67%. Past performance is not a guarantee of future results. The 3-year Sharpe ratio is 1.11, which measures risk-adjusted return.

Question 5

Does XMA pay dividends or distributions?

Accepted Answer

Yes, XMA distributes income to unitholders. The current distribution yield is approximately 0.39%, paid quarterly. 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 XMA invest in?

Accepted Answer

XMA's top holdings include Agnico Eagle Mines Limited (AEM, 14.5%), Barrick Gold Corp (ABX, 10.6%), Wheaton Precious Metals Corp (WPM, 9.6%), Franco-Nevada Corporation (FNV, 7.1%), Kinross Gold Corp (K, 5.1%) — 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 XMA invest in?

Accepted Answer

XMA's largest sector exposures are Basic Materials (98.7%), Consumer Cyclicals (1.3%), Energy (0.0%). The full sector breakdown is shown in the Sector Weights table on this page.

Question 8

How large is XMA? (Assets under management)

Accepted Answer

XMA has approximately $757M 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 XMA launched?

Accepted Answer

XMA was launched on December 19, 2005, giving it a 21-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 XMA in Canada?

Accepted Answer

XMA trades on the TSX under the ticker XMA. 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 XMA?

Accepted Answer

XMA has a 1-year volatility of 47.06% and a beta of 1.55 (more volatile than the broad market). Its 3-year Sharpe ratio of 1.11 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
2026-10-01	$45.62	$45.62	$45.07	$45.11	$45.11	213,345
2026-09-30	$46.74	$46.74	$45.60	$45.69	$45.69	292,684
2026-09-29	$46.51	$46.63	$46.06	$46.39	$46.39	175,259
2026-09-28	$46.90	$46.90	$45.52	$46.12	$46.12	207,699
2026-09-25	$47.75	$47.99	$47.57	$47.89	$47.89	150,200
2026-09-24	$47.72	$47.72	$47.00	$47.68	$47.68	99,100
2026-09-23	$48.99	$48.99	$48.00	$48.31	$48.31	123,987
2026-09-22	$48.54	$50.33	$48.54	$50.08	$50.08	85,000
2026-09-21	$49.01	$49.01	$48.00	$48.36	$48.36	55,417
2026-09-18	$49.04	$49.05	$48.19	$48.67	$48.67	59,771

#	Ticker	Name	Weight
1	AEM	Agnico Eagle Mines Limited	14.47%
2	ABX	Barrick Gold Corp	10.56%
3	WPM	Wheaton Precious Metals Corp	9.62%
4	FNV	Franco-Nevada Corporation	7.13%
5	K	Kinross Gold Corp	5.13%
6	NTR	Nutrien Ltd	5.10%
7	TECK-B	Teck Resources Limited	4.30%
8	FM	First Quantum Minerals Ltd	3.16%
9	PAAS	Pan American Silver Corp	3.08%
10	LUN	Lundin Mining Corporation	2.54%

Sector	Weight
Basic Materials	98.65%
Consumer Cyclicals	1.35%
Energy	0.00%
Utilities	0.00%
Healthcare	0.00%
Technology	0.00%
Industrials	0.00%
Real Estate	0.00%
Consumer Defensive	0.00%
Financial Services	0.00%
Communication Services	0.00%

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CIBC Investor's Edge

iShares S&P/TSX Capped Materials Index ETF (XMA : TSX)

Price Chart (30 Days)

Key Statistics

Recent Price History

Annualised Returns

Top 10 Holdings

Sector Weights

ETF Details

7 stocks to buy and hold forever

Compare XMA

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Frequently Asked Questions — XMA