Here's a comprehensive list I made last year, I ended up picking a barely used 2015, there's some "hidden" improvements that make a noticeable difference.
2015 vs 2014 XM’s:
-Better ECM tuning, for midrange
-exhaust valves open a little earlier (RAVE timing)
-RF key
-exhaust y-pipe welding bugs grinded off inside the y-pipe for better flow
-different ramp, 438 have an engagement bump where the roller has to get over ($120)
2014 vs 2013 XM’s:
-better ECM tuning, smoother and crisper
-bigger coils
-higher wattage hand warmers (hotter, 50% more at idle)
-gauge notifies of over-rev, parking brake on, break in %
-indent in oil tank so don’t break fuel nipple (a few oz less)
-better reeds (pedal shape and better quality)
-start assembly, pull start have small updates
-all SP’s get the X bars and handle bar strap no longer drilled
-EGT sensor has locking sensor on muffler and welded nut (no more loosening)
-Rave manifold hoses and length (reduced likely of leak or rubbing)
-tmotion has string welds and better wheel locker spacer