XBM.TO vs. HURA.TO
XBM.TO (iShares S&P/TSX Global Base Metals Index ETF) and HURA.TO (Global X Uranium Index ETF) are both exchange-traded funds - XBM.TO is a Energy Equities fund tracking the Morningstar Can Natural Resource NR CAD, while HURA.TO is a Commodity Producers Equities fund tracking the Solactive Global Uranium & Nuclear Components Total Return Index. Both are passively managed. Over the past 5 years, XBM.TO returned 19.70%/yr vs 24.85%/yr for HURA.TO. At a 0.44 correlation, their price movements are largely independent. XBM.TO charges 0.60%/yr vs 0.98%/yr for HURA.TO.
Performance
XBM.TO vs. HURA.TO - Performance Comparison
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Returns By Period
In the year-to-date period, XBM.TO achieves a 38.48% return, which is significantly higher than HURA.TO's 14.10% 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.TO
- 1D
- -3.64%
- 1M
- -4.79%
- YTD
- 14.10%
- 6M
- 7.34%
- 1Y
- 58.90%
- 3Y*
- 36.71%
- 5Y*
- 24.85%
- 10Y*
- —
XBM.TO vs. HURA.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
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% | 1.23% |
HURA.TO Global X Uranium Index ETF | 14.10% | 43.18% | 3.05% | 61.03% | -4.56% | 71.05% | 65.97% | -16.96% |
Correlation
The correlation between XBM.TO and HURA.TO is 0.57, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.57 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.48 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since May 17, 2019 | 0.44 |
The correlation between XBM.TO and HURA.TO shifts across timeframes, from 0.44 (all time) to 0.57 (1 year), reflecting how their relationship changes across market environments.
XBM.TO vs. HURA.TO - Sectors Allocation Comparison
Sectors
XBM.TO
HURA.TO
Basic Materials
Industrials
Communication Services
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Consumer Cyclical
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Consumer Defensive
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Energy
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Financial Services
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Healthcare
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Real Estate
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Technology
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Utilities
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Basic Materials
XBM.TO
HURA.TO
Industrials
XBM.TO
HURA.TO
Communication Services
XBM.TO
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HURA.TO
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Consumer Cyclical
XBM.TO
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HURA.TO
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Consumer Defensive
XBM.TO
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HURA.TO
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Energy
XBM.TO
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HURA.TO
Financial Services
XBM.TO
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HURA.TO
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Healthcare
XBM.TO
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HURA.TO
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Real Estate
XBM.TO
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HURA.TO
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Technology
XBM.TO
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HURA.TO
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Utilities
XBM.TO
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HURA.TO
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Return for Risk
XBM.TO vs. HURA.TO — Risk / Return Rank
XBM.TO
HURA.TO
XBM.TO vs. HURA.TO - 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 Global X Uranium Index ETF (HURA.TO). 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.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.12 | ||
| Sortino ratioReturn per unit of downside risk | +1.76 | ||
| Omega ratioGain probability vs. loss probability | 1.49 | 1.22 | +0.27 |
| Calmar ratioReturn relative to maximum drawdown | 5.02 | 1.93 | +3.09 |
| Martin ratioReturn relative to average drawdown | 19.44 | 3.87 | +15.56 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| XBM.TO | HURA.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.37 | 1.25 | +2.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.60 | 0.62 | -0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.62 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.25 | 0.76 | -0.51 |
Drawdowns
XBM.TO vs. HURA.TO - Drawdown Comparison
The maximum XBM.TO drawdown since its inception was -67.40%, which is greater than HURA.TO's maximum drawdown of -43.51%. Use the drawdown chart below to compare losses from any high point for XBM.TO and HURA.TO.
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Drawdown Indicators
| XBM.TO | HURA.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.40% | -43.51% | -23.89% |
Max Drawdown (1Y)Largest decline over 1 year | -23.88% | -30.61% | +6.73% |
Max Drawdown (3Y)Largest decline over 3 years | -37.45% | -42.97% | +5.52% |
Max Drawdown (5Y)Largest decline over 5 years | -40.57% | -42.97% | +2.40% |
Max Drawdown (10Y)Largest decline over 10 years | -57.24% | — | — |
Current DrawdownCurrent decline from peak | -3.17% | -20.74% | +17.57% |
Average DrawdownAverage peak-to-trough decline | -25.80% | -14.47% | -11.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.16% | 15.25% | -9.09% |
Volatility
XBM.TO vs. HURA.TO - Volatility Comparison
The current volatility for iShares S&P/TSX Global Base Metals Index ETF (XBM.TO) is 13.03%, while Global X Uranium Index ETF (HURA.TO) has a volatility of 13.83%. This indicates that XBM.TO experiences smaller price fluctuations and is considered to be less risky than HURA.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XBM.TO | HURA.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.03% | 13.83% | -0.80% |
Volatility (6M)Calculated over the trailing 6-month period | 29.68% | 33.13% | -3.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.62% | 47.52% | -11.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.06% | 40.20% | -7.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.66% | 38.82% | -6.16% |
XBM.TO vs. HURA.TO - Expense Ratio Comparison
XBM.TO has a 0.60% expense ratio, which is lower than HURA.TO's 0.98% expense ratio.
Dividends
XBM.TO vs. HURA.TO - Dividend Comparison
XBM.TO's dividend yield for the trailing twelve months is around 0.62%, more than HURA.TO's 0.08% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HURA.TO Global X Uranium Index ETF | 0.08% | 0.09% | 0.75% | 1.03% | 1.46% | 1.26% | 0.63% | 0.82% | 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
XBM.TO and HURA.TO have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XBM.TO is cheaper at 0.60% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XBM.TO is cheaper with a 0.60% expense ratio, compared with 0.98% for HURA.TO.
XBM.TO is categorized as Energy Equities, while HURA.TO is Commodity Producers Equities. XBM.TO tracks Morningstar Can Natural Resource NR CAD, while HURA.TO tracks Solactive Global Uranium & Nuclear Components Total Return Index. They also come from different issuers: iShares and Global X. Their fees differ too: 0.60% for XBM.TO and 0.98% for HURA.TO.
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