XBM.TO vs. HURA

Last updated Jun 4, 2026

XBM.TO (iShares S&P/TSX Global Base Metals Index ETF) is Energy Equities fund tracking the Morningstar Can Natural Resource NR CAD, while HURA (TuHURA Biosciences, Inc.) is a stock. Over the past 10 years, XBM.TO returned 20.17%/yr vs -66.30%/yr for HURA. At a 0.08 correlation, their price movements are largely independent.

Performance

XBM.TO vs. HURA - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares S&P/TSX Global Base Metals Index ETF (XBM.TO) and TuHURA Biosciences, Inc. (HURA). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

XBM.TO is traded in CAD, while HURA is traded in USD. To make them comparable, the HURA values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, XBM.TO achieves a 38.48% return, which is significantly lower than HURA's 183.73% return. Over the past 10 years, XBM.TO has outperformed HURA with an annualized return of 20.17%, while HURA has yielded a comparatively lower -66.30% annualized return.

XBM.TO

• 1D: -3.17%
• 1M: 21.23%
• YTD: 38.48%
• 6M: 46.72%
• 1Y: 119.30%
• 3Y*: 29.93%
• 5Y*: 19.70%
• 10Y*: 20.17%

HURA

• 1D: -2.35%
• 1M: 1.04%
• YTD: 183.73%
• 6M: 10.57%
• 1Y: -26.71%
• 3Y*: -73.76%
• 5Y*: -75.59%
• 10Y*: -66.30%

*Multi-year figures are annualized to reflect compound growth (CAGR)

XBM.TO vs. HURA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
XBM.TO iShares S&P/TSX Global Base Metals Index ETF	38.48%	50.69%	5.96%	2.84%	3.69%	32.04%	31.54%	9.93%	-22.39%	32.45%
HURA TuHURA Biosciences, Inc.	183.73%	-82.35%	-25.18%	-97.59%	-71.05%	-60.52%	82.37%	-80.81%	-65.97%	-68.00%

Correlation

The correlation between XBM.TO and HURA is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.30
Correlation (3Y) Calculated over the trailing 3-year period	0.18
Correlation (5Y) Calculated over the trailing 5-year period	0.12
Correlation (10Y) Calculated over the trailing 10-year period	0.11
Correlation (All Time) Calculated using the full available price history since Feb 25, 2013	0.08

Over the past year, XBM.TO and HURA have become more correlated (0.30) than their long-term average of 0.08, meaning their price movements have been converging.

Return for Risk

XBM.TO vs. HURA — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

XBM.TO

XBM.TO Risk / Return Rank: 85
XBM.TO Sharpe Ratio Rank: 92
XBM.TO Sortino Ratio Rank: 80
XBM.TO Omega Ratio Rank: 80
XBM.TO Calmar Ratio Rank: 87
XBM.TO Martin Ratio Rank: 88

HURA

HURA Risk / Return Rank: 36
HURA Sharpe Ratio Rank: 32
HURA Sortino Ratio Rank: 46
HURA Omega Ratio Rank: 45
HURA Calmar Ratio Rank: 30
HURA Martin Ratio Rank: 29

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

XBM.TO vs. HURA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares S&P/TSX Global Base Metals Index ETF (XBM.TO) and TuHURA Biosciences, Inc. (HURA). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	XBM.TO	HURA	Difference
Sharpe ratio: Return per unit of total volatility	3.37	-0.20	+3.57
Sortino ratio: Return per unit of downside risk	3.67	0.70	+2.97
Omega ratio: Gain probability vs. loss probability	1.49	1.08	+0.41
Calmar ratio: Return relative to maximum drawdown	5.02	-0.31	+5.33
Martin ratio: Return relative to average drawdown	19.44	-0.63	+20.07
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XBM.TO vs. HURA - Sharpe Ratio Comparison

The current XBM.TO Sharpe Ratio is 3.37, which is higher than the HURA Sharpe Ratio of -0.20. The chart below compares the historical Sharpe Ratios of XBM.TO and HURA, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	XBM.TO	HURA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.37	-0.20	+3.57
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.60	-0.54	+1.14
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.62	-0.52	+1.14
Sharpe Ratio (All Time) Calculated using the full available price history	0.25	-0.45	+0.70

Drawdowns

XBM.TO vs. HURA - Drawdown Comparison

The maximum XBM.TO drawdown since its inception was -67.40%, smaller than the maximum HURA drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for XBM.TO and HURA.

Drawdown Indicators

	XBM.TO	HURA	Difference
Max Drawdown Largest peak-to-trough decline	-67.40%	-100.00%	+32.60%
Max Drawdown (1Y) Largest decline over 1 year	-23.88%	-86.57%	+62.69%
Max Drawdown (3Y) Largest decline over 3 years	-37.45%	-99.75%	+62.30%
Max Drawdown (5Y) Largest decline over 5 years	-40.57%	-99.99%	+59.42%
Max Drawdown (10Y) Largest decline over 10 years	-57.24%	-100.00%	+42.76%
Current Drawdown Current decline from peak	-3.17%	-100.00%	+96.83%
Average Drawdown Average peak-to-trough decline	-25.80%	-86.27%	+60.47%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.16%	42.29%	-36.13%

Volatility

XBM.TO vs. HURA - Volatility Comparison

The current volatility for iShares S&P/TSX Global Base Metals Index ETF (XBM.TO) is 13.03%, while TuHURA Biosciences, Inc. (HURA) has a volatility of 22.30%. This indicates that XBM.TO experiences smaller price fluctuations and is considered to be less risky than HURA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XBM.TO	HURA	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.03%	22.30%	-9.27%
Volatility (6M) Calculated over the trailing 6-month period	29.68%	112.11%	-82.43%
Volatility (1Y) Calculated over the trailing 1-year period	35.62%	133.53%	-97.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	33.06%	139.86%	-106.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.66%	127.97%	-95.31%

Dividends

XBM.TO vs. HURA - Dividend Comparison

XBM.TO's dividend yield for the trailing twelve months is around 0.62%, while HURA has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HURA TuHURA Biosciences, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
XBM.TO iShares S&P/TSX Global Base Metals Index ETF	0.62%	0.86%	1.25%	2.09%	4.83%	3.01%	1.81%	3.71%	3.43%	1.63%	2.42%	5.70%

Frequently Asked Questions

Can I hold both XBM.TO and HURA in my portfolio?

XBM.TO and HURA have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.