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iShares S&P/TSX Capped Materials Index ETF (XMA.TO) Sharpe Ratio: 1.30

ETF · Currency in CAD · Last updated Jun 24, 2026

XMA.TO is a passive ETF by iShares tracking the investment results of the S&P/TSX Capped Materials TR. XMA.TO launched on Dec 19, 2005 and has a 0.60% expense ratio.

XMA.TO's Sharpe Ratio of 1.30 indicates that for each unit of volatility, it generates 1.30 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Jun 24, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets. For how to read this number and when it can mislead, see Sharpe Ratio Explained.

XMA.TO Sharpe Ratio Rank

XMA.TO Sharpe Ratio Rank: 37.738
Below Average

XMA.TO ranks above 37.7% of all investments in our database based on Sharpe Ratio over the past 12 months, indicating below-average returns relative to volatility. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

  • Strong returns with low total volatility → Higher rank
  • High volatility (both upside and downside) → Lower rank
  • Consistent returns → Higher rank than volatile returns of same magnitude
  • Sharp drawdowns increase volatility → Lower rank

What you can do with this information

  • Returns may not adequately compensate for volatility taken
  • Consider smaller allocation given below-average risk-adjusted profile
  • Explore higher-ranked investments with better consistency
  • Assess whether the volatility profile aligns with your portfolio goals

XMA.TO Sharpe Ratio Market Positioning

The chart shows XMA.TO's Sharpe Ratio relative to all ETFs on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

  • Red zone (bottom 25%): 0.84 or lower
  • Yellow zone (middle 50%): 0.84 to 2.16
  • Green zone (top 25%): 2.16 or higher
  • Top 1%: 7.01+
  • Median: 1.57 — half of all investments score higher

How it compares to other similar ETFs

The table compares iShares S&P/TSX Capped Materials Index ETF's Sharpe Ratio with other ETFs in the Materials category across multiple time periods, showing how XMA.TO's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Jun 24, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
ZMT.TOBMO S&P/TSX Equal Weight Global Base Metals (CAD Hedged)2.09
BASE.TOEvolve Global Materials & Mining Enhanced Yield Index ETF2.04
DXMO.TODynamic Active Mining Opportunities ETF1.57
XMA.TOiShares S&P/TSX Capped Materials Index ETF1.30
XETM.TOiShares S&P/TSX Energy Transition Materials Index ETF—

S&P 500 Index

How to choose period

Historical Sharpe Ratio

The chart shows XMA.TO's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when XMA.TO consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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Sharpe Ratio Calculator

How does XMA.TO fit in your portfolio?

Add your other holdings to see your portfolio's Sharpe Ratio and find out.

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