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XMA.TO vs. AVGO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XMA.TO vs. AVGO

Last updated Jun 14, 2026

XMA.TO (iShares S&P/TSX Capped Materials Index ETF) is Materials fund tracking the S&P/TSX Capped Materials TR, while AVGO (Broadcom Inc.) is a stock. Over the past 10 years, XMA.TO returned 13.48%/yr vs 42.17%/yr for AVGO. At a 0.19 correlation, their price movements are largely independent.

Performance

XMA.TO vs. AVGO - Performance Comparison

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

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Different Trading Currencies

XMA.TO is traded in CAD, while AVGO is traded in USD. To make them comparable, the AVGO values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, XMA.TO achieves a 1.98% return, which is significantly lower than AVGO's 12.87% return. Over the past 10 years, XMA.TO has underperformed AVGO with an annualized return of 13.48%, while AVGO has yielded a comparatively higher 42.17% annualized return.

XMA.TO

1D
3.03%
1M
-10.24%
YTD
1.98%
6M
3.38%
1Y
53.64%
3Y*
33.28%
5Y*
18.78%
10Y*
13.48%

AVGO

1D
-0.73%
1M
-8.51%
YTD
12.87%
6M
8.10%
1Y
59.15%
3Y*
69.67%
5Y*
59.63%
10Y*
42.17%
*Multi-year figures are annualized to reflect compound growth (CAGR)

XMA.TO vs. AVGO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
XMA.TO
iShares S&P/TSX Capped Materials Index ETF		1.98%99.21%20.72%-2.04%1.35%3.32%19.73%24.64%-10.44%7.12%
AVGO
Broadcom Inc.		12.87%43.76%128.32%99.33%-7.77%56.41%41.44%23.73%10.77%38.15%

Correlation

The correlation between XMA.TO and AVGO is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.20

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

0.21

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 Aug 6, 2009

0.19

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 Capped Materials Index ETF

Broadcom Inc.

Often compared with XMA.TO:
XMA.TO vs. XGD.TOXMA.TO vs. XETM.TOXMA.TO vs. XIC.TOXMA.TO vs. ZUT.TOXMA.TO vs. XIT.TOXMA.TO vs. XEQT.TOXMA.TO vs. XBM.TO
Often compared with AVGO:
AVGO vs. NVDAAVGO vs. MRVLAVGO vs. QCOMAVGO vs. VOOAVGO vs. AAPLAVGO vs. ^GSPCAVGO vs. SCHD

Return for Risk

XMA.TO vs. AVGO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XMA.TO
XMA.TO Risk / Return Rank: 4444
Overall Rank
XMA.TO Sharpe Ratio Rank: 4848
Sharpe Ratio Rank
XMA.TO Sortino Ratio Rank: 3939
Sortino Ratio Rank
XMA.TO Omega Ratio Rank: 4747
Omega Ratio Rank
XMA.TO Calmar Ratio Rank: 4545
Calmar Ratio Rank
XMA.TO Martin Ratio Rank: 3838
Martin Ratio Rank
AVGO
AVGO Risk / Return Rank: 7474
Overall Rank
AVGO Sharpe Ratio Rank: 7676
Sharpe Ratio Rank
AVGO Sortino Ratio Rank: 7171
Sortino Ratio Rank
AVGO Omega Ratio Rank: 7272
Omega Ratio Rank
AVGO Calmar Ratio Rank: 7474
Calmar Ratio Rank
AVGO Martin Ratio Rank: 7474
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.

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

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

XMA.TOAVGODifference
Sharpe ratioReturn per unit of total volatility
1.46
1.19

+0.27

Sortino ratioReturn per unit of downside risk
1.83
1.77

+0.06

Omega ratioGain probability vs. loss probability

1.27

1.23

+0.03

Calmar ratioReturn relative to maximum drawdown

1.97

1.90

+0.07

Martin ratioReturn relative to average drawdown

5.39

4.30

+1.09

XMA.TO vs. AVGO - Sharpe Ratio Comparison

The current XMA.TO Sharpe Ratio is 1.46, which is comparable to the AVGO Sharpe Ratio of 1.19. The chart below compares the historical Sharpe Ratios of XMA.TO and AVGO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

XMA.TO vs. AVGO - Drawdown Comparison

The maximum XMA.TO drawdown since its inception was -64.42%, which is greater than AVGO's maximum drawdown of -44.61%. Use the drawdown chart below to compare losses from any high point for XMA.TO and AVGO.

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Drawdown Indicators

XMA.TOAVGODifference

Max Drawdown

Largest peak-to-trough decline

-64.42%

-44.61%

-19.81%

Max Drawdown (1Y)

Largest decline over 1 year

-28.51%

-28.39%

-0.12%

Max Drawdown (3Y)

Largest decline over 3 years

-28.51%

-41.75%

+13.24%

Max Drawdown (5Y)

Largest decline over 5 years

-33.06%

-41.75%

+8.69%

Max Drawdown (10Y)

Largest decline over 10 years

-33.06%

-44.61%

+11.55%

Current Drawdown

Current decline from peak

-23.00%

-19.90%

-3.10%

Average Drawdown

Average peak-to-trough decline

-27.07%

-7.61%

-19.46%

Ulcer Index

Depth and duration of drawdowns from previous peaks

10.41%

12.55%

-2.14%

Volatility

XMA.TO vs. AVGO - Volatility Comparison

The current volatility for iShares S&P/TSX Capped Materials Index ETF (XMA.TO) is 15.41%, while Broadcom Inc. (AVGO) has a volatility of 20.34%. This indicates that XMA.TO experiences smaller price fluctuations and is considered to be less risky than AVGO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

XMA.TOAVGODifference

Volatility (1M)

Calculated over the trailing 1-month period

15.41%

20.34%

-4.93%

Volatility (6M)

Calculated over the trailing 6-month period

32.63%

34.89%

-2.26%

Volatility (1Y)

Calculated over the trailing 1-year period

38.59%

45.47%

-6.88%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

27.96%

43.90%

-15.94%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

26.78%

40.16%

-13.38%

Dividends

XMA.TO vs. AVGO - Dividend Comparison

XMA.TO's dividend yield for the trailing twelve months is around 0.39%, less than AVGO's 0.65% yield.

PositionTTM20252024202320222021202020192018201720162015
AVGO
Broadcom Inc.		0.65%0.70%0.94%1.71%3.02%2.24%3.05%3.54%3.11%1.87%1.43%1.13%
XMA.TO
iShares S&P/TSX Capped Materials Index ETF		0.39%0.41%0.83%1.26%1.24%0.87%0.63%0.64%0.75%0.47%0.82%1.87%

Frequently Asked Questions

XMA.TO and AVGO have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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