iShares S&P/TSX Global Base Metals Index ETF (XBM.TO) ETF Analysis

Fund Overview

iShares S&P/TSX Global Base Metals Index ETF (XBM.TO) is an exchange-traded fund. The fund is issued by BlackRock Asset Management Canada Ltd. The inception date on file is April 12, 2011. The fund holds CA$575.81M in total net assets.

The largest positions on file are BHP Group Ltd ADR (BHP), Freeport-McMoRan Inc (FCX), and Teck Resources Ltd Class B (Sub Voting) (TECK-B.TO). BHP Group Ltd ADR alone accounts for 10.8% of the portfolio. The ten largest positions together make up 74.33% of the fund.

Performance Analysis

XBM.TO last closed at CA$37.39 on September 4, 2026. Over the trailing twelve months the price has returned +71.09%. Across 5 years the annualized return works out at +17.24%. The trailing distribution yield is 0.73%.

So far in 2026 the price is +27.18%. The strongest complete calendar year on file is 2025 at +50.69%; the weakest is 2023 at +2.84%. Of the 7 complete calendar years on file, 7 finished higher.

Price & Risk Profile

The 52-week range on file runs from CA$22.22 to CA$42.34. The latest close sits 68.27% above that 52-week low. Daily returns over the trailing 8 years annualize to a volatility of 34.63%. Beta against the wider market is reported at 1. The volatility figure is calculated from the stored daily closes, the same series the charts on this page use.