VS
CIBC MSCI Emerging Markets Equity Index ETF (CEMI) and Mackenzie US Low Volatility ETF (MULV) offer distinct profiles for Canadian ETF investors. A direct comparison shows that CEMI focuses its top 3 sector exposures on Information Technology, Financials, and Consumer Discretionary, while MULV leans towards Information Technology, Health Care, and Financials. When evaluating costs, CEMI features a management fee (MER) of 0.22%, compared to 0.45% for MULV. Performance-wise, CEMI has returned 13.77% year-to-date with +$3 M in net flows, whereas MULV is at 0.47% with +$2 M. Use the comparison tool below to benchmark these funds across top 10 holdings, yield, sector weights and historical returns.
NAV Performance and Flows
Key Data
Compare
CEMI
MULV
| AuM | $199.61 M | $56.94 M |
| Management Fees | 0.22% | 0.45% |
| Exp. ratio | 0.28% | 0.50% |
| Tracking Difference | 0.29% | - |
Historical performance and flows
As of April 30, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | CEMI | +10.95% | +5.42% | +13.77% | +44.08% | +72.33% |
MULV | +0.63% | -0.58% | -0.47% | +3.20% | - | |
| Flows | CEMI | -$4 M | +$1 M | +$3 M | +$62 M | +$90 M |
MULV | +$0 M | +$2 M | +$2 M | +$0 M | - |
CEMI vs MULV exposure
Countries
CEMI
USA
94.69%
MULV
USA
88.08%
Other
11.92%
Sectors
CEMI
Information Technology
30.98%
Financials
11.82%
Consumer Discretionary
10.41%
Communication Services
9.84%
Health Care
9.84%
Industrials
8.43%
Other
18.69%
MULV
Information Technology
27.01%
Health Care
13.05%
Financials
11.58%
Consumer Staples
9.24%
Utilities
8.28%
Industrials
7.90%
Other
22.95%
As of April 30, 2026
Top 10 Holdings
CEMI
NVIDIA
10.39%
TESLA
3.84%
APPLIED MATERIAL
3.59%
US5128073062
3.42%
VERIZON COMMUNICATIONS
3.41%
INTEL-T
3.29%
WALT DISNEY
3.27%
TEXAS INSTRUMENTS
3.08%
COCA-COLA
2.44%
HOME DEPOT
2.36%
MULV
DUKE ENERGY
2.25%
NVIDIA
2.05%
CHUBB LTD
2.03%
REPUBLIC SVCS
1.99%
TRAVELERS COS INC/THE
1.93%
MASTERCARD
1.91%
PROCTERGAMBLE
1.80%
MCKESSON
1.69%
MICROSOFT-T
1.68%
LOCKHEED MARTIN
1.56%
Diversification
CEMI
Total weight of top 10 holdings out of 148 total
39.10%
MULV
Total weight of top 10 holdings out of 180 total
18.88%
Characteristics
Compare
CEMI
MULV
| Provider | CIBC | Mackenzie Investments |
| Management | Passively managed | Actively managed |
| Benchmark | MSCI Emerging Markets Net Total Return Index - CAD | - |
| Replication Method | Direct (Physical) | |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 1.38% | 1.00% |
| Meets ESG criteria | No | Yes |
| Inception Date | September 16, 2021 | June 6, 2024 |
Frequently asked questions about CEMI and MULV
Which ETF has performed better year to date: CEMI or MULV?
As of April 30, 2026, CEMI has returned 13.77% year to date, while MULV has returned -0.47%. CEMI is ahead on YTD performance.
Which ETF is larger by assets under management: CEMI or MULV?
As of April 30, 2026, CEMI manages $199.61 M in assets, while MULV manages $56.94 M. CEMI is the larger fund by AUM.
How are CEMI and MULV managed?
CEMI is passively managed by CIBC. It tracks the MSCI Emerging Markets Net Total Return Index - CAD benchmark. MULV is actively managed by Mackenzie Investments. It does not track an index.
What sectors do CEMI and MULV emphasize?
CEMI is most exposed to Information Technology, Financials, and Consumer Discretionary. MULV is most exposed to Information Technology, Health Care, and Financials.
Which ETF is attracting more investor flows: CEMI or MULV?
Year to date, CEMI has seen +$3.02 M in net flows, compared with +$1.67 M for MULV. CEMI has attracted more net investor money so far.
How do the fees of CEMI and MULV compare?
CEMI has an expense ratio of 0.28%, while MULV has an expense ratio of 0.50%.
What are the top holdings of CEMI and MULV?
CEMI's largest holdings include NVIDIA and TESLA. MULV's top holdings include DUKE ENERGY, NVIDIA, and CHUBB LTD.
Which ETF is more diversified: CEMI or MULV?
CEMI holds 138 securities, while MULV holds 178. On holdings count, MULV is the more diversified portfolio.
Recent articles about CEMI and MULV
Canadian ETF Industry Recap: June 2024
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Posted on 7/24/2024 by Kyle Anthony inETF Ecosystem
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