Correlation
The correlation between XBM.TO and XME is 0.55, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
XBM.TO vs. XME
Compare and contrast key facts about iShares S&P/TSX Global Base Metals Index ETF (XBM.TO) and SPDR S&P Metals & Mining ETF (XME).
XBM.TO and XME are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XBM.TO is a passively managed fund by iShares that tracks the performance of the Morningstar Can Natural Resource NR CAD. It was launched on Apr 12, 2011. XME is a passively managed fund by State Street that tracks the performance of the S&P Metals & Mining Select Industry Index. It was launched on Jun 19, 2006. Both XBM.TO and XME are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: XBM.TO or XME.
Performance
XBM.TO vs. XME - Performance Comparison
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Key characteristics
XBM.TO:
-0.50
XME:
-0.14
XBM.TO:
-0.55
XME:
-0.15
XBM.TO:
0.93
XME:
0.98
XBM.TO:
-0.48
XME:
-0.21
XBM.TO:
-1.23
XME:
-0.59
XBM.TO:
14.68%
XME:
12.82%
XBM.TO:
34.92%
XME:
30.49%
XBM.TO:
-67.39%
XME:
-85.94%
XBM.TO:
-22.54%
XME:
-20.20%
Returns By Period
In the year-to-date period, XBM.TO achieves a -5.30% return, which is significantly lower than XME's 5.61% return. Over the past 10 years, XBM.TO has underperformed XME with an annualized return of 7.24%, while XME has yielded a comparatively higher 9.81% annualized return.
XBM.TO
-5.30%
1.63%
-13.38%
-18.20%
-0.09%
19.79%
7.24%
XME
5.61%
4.65%
-12.60%
-4.94%
6.00%
25.64%
9.81%
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XBM.TO vs. XME - Expense Ratio Comparison
XBM.TO has a 0.60% expense ratio, which is higher than XME's 0.35% expense ratio.
Risk-Adjusted Performance
XBM.TO vs. XME — Risk-Adjusted Performance Rank
XBM.TO
XME
XBM.TO vs. XME - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares S&P/TSX Global Base Metals Index ETF (XBM.TO) and SPDR S&P Metals & Mining ETF (XME). 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.
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Dividends
XBM.TO vs. XME - Dividend Comparison
XBM.TO's dividend yield for the trailing twelve months is around 1.33%, more than XME's 0.56% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XBM.TO iShares S&P/TSX Global Base Metals Index ETF | 1.33% | 1.25% | 2.09% | 4.83% | 3.01% | 1.81% | 3.71% | 3.43% | 1.63% | 2.42% | 5.70% | 3.39% |
XME SPDR S&P Metals & Mining ETF | 0.56% | 0.65% | 1.00% | 1.64% | 0.70% | 0.99% | 2.43% | 2.23% | 1.15% | 1.02% | 2.61% | 2.21% |
Drawdowns
XBM.TO vs. XME - Drawdown Comparison
The maximum XBM.TO drawdown since its inception was -67.39%, smaller than the maximum XME drawdown of -85.94%. Use the drawdown chart below to compare losses from any high point for XBM.TO and XME.
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Volatility
XBM.TO vs. XME - Volatility Comparison
iShares S&P/TSX Global Base Metals Index ETF (XBM.TO) has a higher volatility of 8.23% compared to SPDR S&P Metals & Mining ETF (XME) at 4.98%. This indicates that XBM.TO's price experiences larger fluctuations and is considered to be riskier than XME based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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