XIT.TO vs. XMA.TO

Last updated Jun 4, 2026

XIT.TO (iShares S&P/TSX Capped Information Technology Index ETF) and XMA.TO (iShares S&P/TSX Capped Materials Index ETF) are both exchange-traded funds - XIT.TO is a Technology Equities fund tracking the Morningstar Gbl GR CAD, while XMA.TO is a Materials fund tracking the S&P/TSX Capped Materials TR. Both are passively managed. Over the past 10 years, XIT.TO returned 17.57%/yr vs 14.00%/yr for XMA.TO. At a 0.22 correlation, their price movements are largely independent. Both charge a 0.60% expense ratio.

Performance

XIT.TO vs. XMA.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares S&P/TSX Capped Information Technology Index ETF (XIT.TO) and iShares S&P/TSX Capped Materials Index ETF (XMA.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XIT.TO achieves a -4.19% return, which is significantly lower than XMA.TO's 7.60% return. Over the past 10 years, XIT.TO has outperformed XMA.TO with an annualized return of 17.57%, while XMA.TO has yielded a comparatively lower 14.00% annualized return.

XIT.TO

• 1D: -3.62%
• 1M: 5.49%
• YTD: -4.19%
• 6M: -5.79%
• 1Y: 9.80%
• 3Y*: 17.90%
• 5Y*: 8.31%
• 10Y*: 17.57%

XMA.TO

• 1D: -3.13%
• 1M: 5.70%
• YTD: 7.60%
• 6M: 12.34%
• 1Y: 64.71%
• 3Y*: 35.49%
• 5Y*: 20.09%
• 10Y*: 14.00%

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

XIT.TO vs. XMA.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
XIT.TO iShares S&P/TSX Capped Information Technology Index ETF	-4.19%	15.48%	30.02%	55.56%	-35.85%	10.73%	45.91%	60.77%	11.71%	17.06%
XMA.TO iShares S&P/TSX Capped Materials Index ETF	7.60%	99.21%	20.72%	-2.04%	1.35%	3.31%	19.73%	24.63%	-10.46%	7.07%

Correlation

The correlation between XIT.TO and XMA.TO is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.23
Correlation (3Y) Calculated over the trailing 3-year period	0.23
Correlation (5Y) Calculated over the trailing 5-year period	0.23
Correlation (10Y) Calculated over the trailing 10-year period	0.20
Correlation (All Time) Calculated using the full available price history since Dec 29, 2005	0.22

XIT.TO vs. XMA.TO - Sectors Allocation Comparison

Sectors	XIT.TO	XMA.TO
Technology	99.8%	-
Financial Services	0.8%	-
Industrials	0.2%	0.0%
Basic Materials	-	98.4%
Communication Services	-	-
Consumer Cyclical	-	1.6%
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

XIT.TO vs. XMA.TO — Risk / Return Rank

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

XIT.TO

XIT.TO Risk / Return Rank: 13
XIT.TO Sharpe Ratio Rank: 13
XIT.TO Sortino Ratio Rank: 14
XIT.TO Omega Ratio Rank: 13
XIT.TO Calmar Ratio Rank: 12
XIT.TO Martin Ratio Rank: 12

XMA.TO

XMA.TO Risk / Return Rank: 46
XMA.TO Sharpe Ratio Rank: 50
XMA.TO Sortino Ratio Rank: 41
XMA.TO Omega Ratio Rank: 48
XMA.TO Calmar Ratio Rank: 48
XMA.TO Martin Ratio Rank: 42

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.

XIT.TO vs. XMA.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares S&P/TSX Capped Information Technology Index ETF (XIT.TO) and iShares S&P/TSX Capped Materials Index ETF (XMA.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.

	XIT.TO	XMA.TO	Difference
Sharpe ratio: Return per unit of total volatility	0.31	1.75	-1.44
Sortino ratio: Return per unit of downside risk	0.64	2.11	-1.47
Omega ratio: Gain probability vs. loss probability	1.08	1.31	-0.23
Calmar ratio: Return relative to maximum drawdown	0.31	2.41	-2.10
Martin ratio: Return relative to average drawdown	0.62	6.76	-6.14
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XIT.TO vs. XMA.TO - Sharpe Ratio Comparison

The current XIT.TO Sharpe Ratio is 0.31, which is lower than the XMA.TO Sharpe Ratio of 1.75. The chart below compares the historical Sharpe Ratios of XIT.TO and XMA.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.

Sharpe Ratios by Period

	XIT.TO	XMA.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.31	1.75	-1.44
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.28	0.73	-0.45
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.66	0.53	+0.13
Sharpe Ratio (All Time) Calculated using the full available price history	0.30	0.28	+0.02

Drawdowns

XIT.TO vs. XMA.TO - Drawdown Comparison

The maximum XIT.TO drawdown since its inception was -81.18%, which is greater than XMA.TO's maximum drawdown of -64.13%. Use the drawdown chart below to compare losses from any high point for XIT.TO and XMA.TO.

Drawdown Indicators

	XIT.TO	XMA.TO	Difference
Max Drawdown Largest peak-to-trough decline	-81.18%	-64.13%	-17.05%
Max Drawdown (1Y) Largest decline over 1 year	-31.93%	-26.96%	-4.97%
Max Drawdown (3Y) Largest decline over 3 years	-31.93%	-26.96%	-4.97%
Max Drawdown (5Y) Largest decline over 5 years	-54.15%	-33.06%	-21.09%
Max Drawdown (10Y) Largest decline over 10 years	-54.15%	-33.06%	-21.09%
Current Drawdown Current decline from peak	-14.47%	-18.76%	+4.29%
Average Drawdown Average peak-to-trough decline	-26.86%	-26.31%	-0.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	15.74%	9.60%	+6.14%

Volatility

XIT.TO vs. XMA.TO - Volatility Comparison

The current volatility for iShares S&P/TSX Capped Information Technology Index ETF (XIT.TO) is 11.83%, while iShares S&P/TSX Capped Materials Index ETF (XMA.TO) has a volatility of 13.42%. This indicates that XIT.TO experiences smaller price fluctuations and is considered to be less risky than XMA.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XIT.TO	XMA.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.83%	13.42%	-1.59%
Volatility (6M) Calculated over the trailing 6-month period	24.39%	30.86%	-6.47%
Volatility (1Y) Calculated over the trailing 1-year period	31.36%	37.08%	-5.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.37%	27.55%	+1.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.71%	26.56%	+0.15%

XIT.TO vs. XMA.TO - Expense Ratio Comparison

Both XIT.TO and XMA.TO have an expense ratio of 0.60%.

Dividends

XIT.TO vs. XMA.TO - Dividend Comparison

XIT.TO has not paid dividends to shareholders, while XMA.TO's dividend yield for the trailing twelve months is around 0.37%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
XIT.TO iShares S&P/TSX Capped Information Technology Index ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.02%	0.00%	0.29%	0.00%	0.13%	0.14%	0.08%
XMA.TO iShares S&P/TSX Capped Materials Index ETF	0.37%	0.41%	0.83%	1.26%	1.24%	0.87%	0.63%	0.62%	0.72%	0.42%	0.82%	1.90%

Frequently Asked Questions

Can I hold both XIT.TO and XMA.TO in my portfolio?

XIT.TO and XMA.TO have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XIT.TO or XMA.TO?

Both ETFs have the same 0.60% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XIT.TO or XMA.TO?

XIT.TO and XMA.TO have the same expense ratio: 0.60% per year.

What is the main difference between XIT.TO and XMA.TO?

XIT.TO is categorized as Technology Equities, while XMA.TO is Materials. XIT.TO tracks Morningstar Gbl GR CAD, while XMA.TO tracks S&P/TSX Capped Materials TR.