PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
XBM.TO vs. REMX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XBM.TO vs. REMX

Last updated Jun 24, 2026

XBM.TO (iShares S&P/TSX Global Base Metals Index ETF) and REMX (VanEck Rare Earth and Strategic Metals ETF) are both exchange-traded funds - XBM.TO is a Energy Equities fund tracking the Morningstar Can Natural Resource NR CAD, while REMX is a Rare Earth & Strategic Metals fund tracking the MarketVector Global Rare Earth/Strategic Metals Index. Both are passively managed. Over the past 10 years, XBM.TO returned 18.31%/yr vs 11.18%/yr for REMX. A 0.56 correlation means they provide meaningful diversification when combined. XBM.TO charges 0.60%/yr vs 0.59%/yr for REMX.

Performance

XBM.TO vs. REMX - 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 VanEck Rare Earth and Strategic Metals ETF (REMX). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Different Trading Currencies

XBM.TO is traded in CAD, while REMX is traded in USD. To make them comparable, the REMX 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 22.09% return, which is significantly lower than REMX's 28.42% return. Over the past 10 years, XBM.TO has outperformed REMX with an annualized return of 18.31%, while REMX has yielded a comparatively lower 11.18% annualized return.

XBM.TO

1D
-5.23%
1M
-2.36%
YTD
22.09%
6M
20.03%
1Y
88.34%
3Y*
25.21%
5Y*
17.05%
10Y*
18.31%

REMX

1D
-5.73%
1M
-2.53%
YTD
28.42%
6M
26.26%
1Y
146.79%
3Y*
8.26%
5Y*
7.35%
10Y*
11.18%
*Multi-year figures are annualized to reflect compound growth (CAGR)

XBM.TO vs. REMX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
XBM.TO
iShares S&P/TSX Global Base Metals Index ETF		22.09%50.69%5.96%2.84%3.63%27.94%31.53%9.95%-22.42%32.48%
REMX
VanEck Rare Earth and Strategic Metals ETF		28.42%84.14%-29.51%-21.11%-26.76%79.72%60.91%-3.42%-45.40%70.24%

Correlation

The correlation between XBM.TO and REMX is 0.63, 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

0.63

Correlation (3Y)
Calculated over the trailing 3-year period

0.67

Correlation (5Y)
Calculated over the trailing 5-year period

0.68

Correlation (10Y)
Calculated over the trailing 10-year period

0.61

Correlation (All Time)
Calculated using the full available price history since Apr 19, 2011

0.56

The correlation between XBM.TO and REMX shifts across timeframes, from 0.56 (all time) to 0.68 (5 years), reflecting how their relationship changes across market environments.

XBM.TO vs. REMX - Sectors Allocation Comparison

Sectors
XBM.TO
REMX

Basic Materials

99.8%
100.0%

Industrials

0.2%

-

Communication Services

-

-

Consumer Cyclical

-

-

Consumer Defensive

-

-

Energy

-

-

Financial Services

-

-

Healthcare

-

-

Real Estate

-

-

Technology

-

-

Utilities

-

-

Basic Materials

XBM.TO
99.8%
REMX
100.0%

Industrials

XBM.TO
0.2%
REMX

-

Communication Services

XBM.TO

-

REMX

-

Consumer Cyclical

XBM.TO

-

REMX

-

Consumer Defensive

XBM.TO

-

REMX

-

Energy

XBM.TO

-

REMX

-

Financial Services

XBM.TO

-

REMX

-

Healthcare

XBM.TO

-

REMX

-

Real Estate

XBM.TO

-

REMX

-

Technology

XBM.TO

-

REMX

-

Utilities

XBM.TO

-

REMX

-

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares S&P/TSX Global Base Metals Index ETF

VanEck Rare Earth and Strategic Metals ETF

Often compared with XBM.TO:
XBM.TO vs. XMEXBM.TO vs. ZMT.TOXBM.TO vs. XEG.TOXBM.TO vs. XETM.TOXBM.TO vs. GDXXBM.TO vs. XMA.TOXBM.TO vs. VDE
Often compared with REMX:
REMX vs. LITREMX vs. XLBREMX vs. USARREMX vs. COPXREMX vs. RAREREMX vs. GNRREMX vs. WTRE

Return for Risk

XBM.TO vs. REMX — 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: 7171
Overall Rank
XBM.TO Sharpe Ratio Rank: 7777
Sharpe Ratio Rank
XBM.TO Sortino Ratio Rank: 6161
Sortino Ratio Rank
XBM.TO Omega Ratio Rank: 6565
Omega Ratio Rank
XBM.TO Calmar Ratio Rank: 7676
Calmar Ratio Rank
XBM.TO Martin Ratio Rank: 7474
Martin Ratio Rank
REMX
REMX Risk / Return Rank: 8080
Overall Rank
REMX Sharpe Ratio Rank: 8888
Sharpe Ratio Rank
REMX Sortino Ratio Rank: 7272
Sortino Ratio Rank
REMX Omega Ratio Rank: 6767
Omega Ratio Rank
REMX Calmar Ratio Rank: 9393
Calmar Ratio Rank
REMX Martin Ratio Rank: 8282
Martin Ratio Rank
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. REMX - 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 VanEck Rare Earth and Strategic Metals ETF (REMX). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

XBM.TOREMXDifference
Sharpe ratioReturn per unit of total volatility
2.33
2.96

-0.63

Sortino ratioReturn per unit of downside risk
2.73
3.23

-0.50

Omega ratioGain probability vs. loss probability

1.37

1.40

-0.03

Calmar ratioReturn relative to maximum drawdown

3.72

6.43

-2.71

Martin ratioReturn relative to average drawdown

13.34

16.89

-3.55

XBM.TO vs. REMX - Sharpe Ratio Comparison

The current XBM.TO Sharpe Ratio is 2.33, which is comparable to the REMX Sharpe Ratio of 2.96. The chart below compares the historical Sharpe Ratios of XBM.TO and REMX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Loading charts...

Drawdowns

XBM.TO vs. REMX - Drawdown Comparison

The maximum XBM.TO drawdown since its inception was -67.53%, smaller than the maximum REMX drawdown of -85.86%. Use the drawdown chart below to compare losses from any high point for XBM.TO and REMX.

Loading charts...

Drawdown Indicators

XBM.TOREMXDifference

Max Drawdown

Largest peak-to-trough decline

-67.53%

-85.86%

+18.33%

Max Drawdown (1Y)

Largest decline over 1 year

-23.88%

-22.97%

-0.91%

Max Drawdown (3Y)

Largest decline over 3 years

-37.45%

-59.08%

+21.63%

Max Drawdown (5Y)

Largest decline over 5 years

-40.57%

-69.70%

+29.13%

Max Drawdown (10Y)

Largest decline over 10 years

-57.25%

-69.70%

+12.45%

Current Drawdown

Current decline from peak

-14.64%

-37.72%

+23.08%

Average Drawdown

Average peak-to-trough decline

-26.06%

-58.92%

+32.86%

Ulcer Index

Depth and duration of drawdowns from previous peaks

6.65%

8.73%

-2.08%

Volatility

XBM.TO vs. REMX - Volatility Comparison

The current volatility for iShares S&P/TSX Global Base Metals Index ETF (XBM.TO) is 15.96%, while VanEck Rare Earth and Strategic Metals ETF (REMX) has a volatility of 16.94%. This indicates that XBM.TO experiences smaller price fluctuations and is considered to be less risky than REMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

XBM.TOREMXDifference

Volatility (1M)

Calculated over the trailing 1-month period

15.96%

16.94%

-0.98%

Volatility (6M)

Calculated over the trailing 6-month period

32.60%

37.57%

-4.97%

Volatility (1Y)

Calculated over the trailing 1-year period

38.06%

49.82%

-11.76%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

33.59%

41.06%

-7.47%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

32.80%

37.55%

-4.75%

XBM.TO vs. REMX - Expense Ratio Comparison

XBM.TO has a 0.60% expense ratio, which is higher than REMX's 0.59% expense ratio.

Dividends

XBM.TO vs. REMX - Dividend Comparison

XBM.TO's dividend yield for the trailing twelve months is around 0.70%, less than REMX's 1.42% yield.

PositionTTM20252024202320222021202020192018201720162015
REMX
VanEck Rare Earth and Strategic Metals ETF		1.42%1.76%2.56%0.00%1.56%5.25%0.81%1.64%12.43%2.89%2.23%4.77%
XBM.TO
iShares S&P/TSX Global Base Metals Index ETF		0.70%0.86%1.25%2.09%4.78%3.05%1.81%3.73%3.38%1.65%2.41%5.75%

Frequently Asked Questions

XBM.TO and REMX have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, REMX is cheaper at 0.59% per year. The better choice depends on whether you care most about return, fees, risk, or income.

REMX is cheaper with a 0.59% expense ratio, compared with 0.60% for XBM.TO.

XBM.TO is categorized as Energy Equities, while REMX is Rare Earth & Strategic Metals. XBM.TO tracks Morningstar Can Natural Resource NR CAD, while REMX tracks MarketVector Global Rare Earth/Strategic Metals Index. They also come from different issuers: iShares and VanEck. Their fees differ too: 0.60% for XBM.TO and 0.59% for REMX.

Portfolio Optimizer

Find the right allocation for XBM.TO and REMX

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer