PortfoliosLab logoPortfoliosLab logo

Documentation

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

XGI.TO vs. XBM.TO

Last updated Jun 5, 2026

XGI.TO (iShares S&P Global Industrials Index ETF (CAD-Hedged)) and XBM.TO (iShares S&P/TSX Global Base Metals Index ETF) are both exchange-traded funds - XGI.TO is a Industrials Equities fund tracking the Morningstar Gbl GR CAD, while XBM.TO is a Energy Equities fund tracking the Morningstar Can Natural Resource NR CAD. Both are passively managed. Over the past 10 years, XGI.TO returned 12.01%/yr vs 19.60%/yr for XBM.TO. At a 0.37 correlation, their price movements are largely independent. XGI.TO charges 0.68%/yr vs 0.60%/yr for XBM.TO.

Performance

XGI.TO vs. XBM.TO - Performance Comparison

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

Loading charts...

Returns By Period

In the year-to-date period, XGI.TO achieves a 10.78% return, which is significantly lower than XBM.TO's 37.13% return. Over the past 10 years, XGI.TO has underperformed XBM.TO with an annualized return of 12.01%, while XBM.TO has yielded a comparatively higher 19.60% annualized return.

XGI.TO

1D
0.83%
1M
0.99%
YTD
10.78%
6M
12.82%
1Y
22.09%
3Y*
19.91%
5Y*
11.79%
10Y*
12.01%

XBM.TO

1D
-0.98%
1M
17.57%
YTD
37.13%
6M
44.82%
1Y
114.99%
3Y*
30.22%
5Y*
19.46%
10Y*
19.60%
*Multi-year figures are annualized to reflect compound growth (CAGR)

XGI.TO vs. XBM.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
XGI.TO
iShares S&P Global Industrials Index ETF (CAD-Hedged)		10.78%20.93%16.18%21.83%-8.79%17.71%4.62%26.37%-13.97%20.21%
XBM.TO
iShares S&P/TSX Global Base Metals Index ETF		37.13%50.69%5.96%2.84%3.69%32.04%31.54%9.93%-22.39%32.45%

Correlation

The correlation between XGI.TO and XBM.TO is 0.50, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.50

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

0.38

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

0.41

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

0.41

Correlation (All Time)
Calculated using the full available price history since Apr 9, 2013

0.37

The correlation between XGI.TO and XBM.TO shifts across timeframes, from 0.37 (all time) to 0.50 (1 year), reflecting how their relationship changes across market environments.

XGI.TO vs. XBM.TO - Sectors Allocation Comparison

Sectors
XGI.TO
XBM.TO

Industrials

87.6%
0.2%

Utilities

2.9%

-

Technology

2.1%

-

Communication Services

0.8%

-

Consumer Cyclical

0.6%

-

Basic Materials

0.2%
99.8%

Financial Services

0.1%

-

Consumer Defensive

0.1%

-

Energy

-

-

Healthcare

-

-

Real Estate

-

-

Industrials

XGI.TO
87.6%
XBM.TO
0.2%

Utilities

XGI.TO
2.9%
XBM.TO

-

Technology

XGI.TO
2.1%
XBM.TO

-

Communication Services

XGI.TO
0.8%
XBM.TO

-

Consumer Cyclical

XGI.TO
0.6%
XBM.TO

-

Basic Materials

XGI.TO
0.2%
XBM.TO
99.8%

Financial Services

XGI.TO
0.1%
XBM.TO

-

Consumer Defensive

XGI.TO
0.1%
XBM.TO

-

Energy

XGI.TO

-

XBM.TO

-

Healthcare

XGI.TO

-

XBM.TO

-

Real Estate

XGI.TO

-

XBM.TO

-

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 Global Industrials Index ETF (CAD-Hedged)

iShares S&P/TSX Global Base Metals Index ETF

Often compared with XGI.TO:
XGI.TO vs. CEW.TOXGI.TO vs. SPGIXGI.TO vs. CIF.TOXGI.TO vs. XUU.TOXGI.TO vs. XDIV.TOXGI.TO vs. ZDJ.TOXGI.TO vs. ZUT.TO
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. VDEXBM.TO vs. XMA.TO

Return for Risk

XGI.TO vs. XBM.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XGI.TO
XGI.TO Risk / Return Rank: 4545
Overall Rank
XGI.TO Sharpe Ratio Rank: 4444
Sharpe Ratio Rank
XGI.TO Sortino Ratio Rank: 4747
Sortino Ratio Rank
XGI.TO Omega Ratio Rank: 4747
Omega Ratio Rank
XGI.TO Calmar Ratio Rank: 3939
Calmar Ratio Rank
XGI.TO Martin Ratio Rank: 4747
Martin Ratio Rank
XBM.TO
XBM.TO Risk / Return Rank: 8585
Overall Rank
XBM.TO Sharpe Ratio Rank: 9292
Sharpe Ratio Rank
XBM.TO Sortino Ratio Rank: 8181
Sortino Ratio Rank
XBM.TO Omega Ratio Rank: 8080
Omega Ratio Rank
XBM.TO Calmar Ratio Rank: 8787
Calmar Ratio Rank
XBM.TO Martin Ratio Rank: 8787
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.

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

This table presents a comparison of risk-adjusted performance metrics for iShares S&P Global Industrials Index ETF (CAD-Hedged) (XGI.TO) and iShares S&P/TSX Global Base Metals Index ETF (XBM.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.

XGI.TOXBM.TODifference
Sharpe ratioReturn per unit of total volatility
1.51
3.25

-1.73

Sortino ratioReturn per unit of downside risk
2.27
3.58

-1.31

Omega ratioGain probability vs. loss probability

1.29

1.48

-0.18

Calmar ratioReturn relative to maximum drawdown

1.89

4.84

-2.95

Martin ratioReturn relative to average drawdown

7.71

18.72

-11.00

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XGI.TO vs. XBM.TO - Sharpe Ratio Comparison

The current XGI.TO Sharpe Ratio is 1.51, which is lower than the XBM.TO Sharpe Ratio of 3.25. The chart below compares the historical Sharpe Ratios of XGI.TO and XBM.TO, 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...

Sharpe Ratios by Period

XGI.TOXBM.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.51

3.25

-1.73

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.73

0.59

+0.13

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.64

0.60

+0.04

Sharpe Ratio (All Time)

Calculated using the full available price history

0.64

0.25

+0.39

Drawdowns

XGI.TO vs. XBM.TO - Drawdown Comparison

The maximum XGI.TO drawdown since its inception was -41.43%, smaller than the maximum XBM.TO drawdown of -67.40%. Use the drawdown chart below to compare losses from any high point for XGI.TO and XBM.TO.

Loading charts...

Drawdown Indicators

XGI.TOXBM.TODifference

Max Drawdown

Largest peak-to-trough decline

-41.43%

-67.40%

+25.97%

Max Drawdown (1Y)

Largest decline over 1 year

-11.74%

-23.88%

+12.14%

Max Drawdown (3Y)

Largest decline over 3 years

-16.14%

-37.45%

+21.31%

Max Drawdown (5Y)

Largest decline over 5 years

-23.04%

-40.57%

+17.53%

Max Drawdown (10Y)

Largest decline over 10 years

-41.43%

-57.24%

+15.81%

Current Drawdown

Current decline from peak

-1.78%

-4.12%

+2.34%

Average Drawdown

Average peak-to-trough decline

-4.94%

-25.79%

+20.85%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.87%

6.17%

-3.30%

Volatility

XGI.TO vs. XBM.TO - Volatility Comparison

The current volatility for iShares S&P Global Industrials Index ETF (CAD-Hedged) (XGI.TO) is 4.92%, while iShares S&P/TSX Global Base Metals Index ETF (XBM.TO) has a volatility of 13.10%. This indicates that XGI.TO experiences smaller price fluctuations and is considered to be less risky than XBM.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

XGI.TOXBM.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

4.92%

13.10%

-8.18%

Volatility (6M)

Calculated over the trailing 6-month period

12.56%

29.71%

-17.15%

Volatility (1Y)

Calculated over the trailing 1-year period

14.66%

35.64%

-20.98%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.31%

33.06%

-16.75%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.86%

32.65%

-13.79%

XGI.TO vs. XBM.TO - Expense Ratio Comparison

XGI.TO has a 0.68% expense ratio, which is higher than XBM.TO's 0.60% expense ratio.

Dividends

XGI.TO vs. XBM.TO - Dividend Comparison

XGI.TO's dividend yield for the trailing twelve months is around 1.39%, more than XBM.TO's 0.63% yield.

PositionTTM20252024202320222021202020192018201720162015
XBM.TO
iShares S&P/TSX Global Base Metals Index ETF		0.63%0.86%1.25%2.09%4.83%3.01%1.81%3.71%3.43%1.63%2.42%5.70%
XGI.TO
iShares S&P Global Industrials Index ETF (CAD-Hedged)		1.39%1.54%2.69%1.24%1.34%0.90%0.96%1.30%1.88%1.12%1.35%1.41%

Frequently Asked Questions

XGI.TO and XBM.TO have a correlation of 0.50, 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 0.68% for XGI.TO.

XGI.TO is categorized as Industrials Equities, while XBM.TO is Energy Equities. XGI.TO tracks Morningstar Gbl GR CAD, while XBM.TO tracks Morningstar Can Natural Resource NR CAD. Their fees differ too: 0.68% for XGI.TO and 0.60% for XBM.TO.

Portfolio Optimizer

Find the right allocation for XGI.TO and XBM.TO

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