VS
Compare CI Emerging Markets Alpha ETF (CIEM) vs BMO MSCI Emerging Markets Index ETF (ZEM) to find the best fit for your portfolio. CIEM provides Technology, Finance, and Industrials exposures, while ZEM is primarily weighted in Technology, Finance, and Non-Energy Materials. When evaluating costs, CIEM features a management fee (MER) of 0.85%, compared to 0.25% for ZEM. Performance-wise, CIEM has returned 19.57% year-to-date with -$50 M in net flows, whereas ZEM is at 19.59% with +$1 B. 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
CIEM
ZEM
| AuM | $139.15 M | $3,587.68 M |
| Management Fees | 0.85% | 0.25% |
| Exp. ratio | 1.07% | 0.27% |
| Tracking Difference | - | -0.97% |
Historical performance and flows
As of October 19, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | CIEM | -7.54% | +0.27% | +19.57% | +19.90% | +84.02% |
ZEM | -7.27% | +0.46% | +19.59% | +18.33% | +86.91% | |
| Flows | CIEM | -$3 M | +$3 M | -$50 M | -$37 M | -$22 M |
ZEM | +$128 M | +$318 M | +$1,068 M | +$1,317 M | +$1,389 M |
CIEM vs ZEM exposure
Countries
CIEM
Taiwan
27.95%
Republic of Korea
18.51%
China
15.46%
India
10.06%
Other
28.03%
ZEM
Taiwan
27.53%
Republic of Korea
20.69%
China
18.51%
India
11.36%
Other
21.91%
Sectors
CIEM
Technology
45.22%
Finance
21.39%
Industrials
8.91%
Non-Energy Materials
7.04%
Other
17.44%
ZEM
Technology
44.93%
Finance
21.13%
Non-Energy Materials
7.17%
Other
26.77%
As of October 19, 2026
Top 10 Holdings
CIEM
Taiwan Semiconductor Manufacturing Co., Ltd.
13.46%
Samsung Electronics Co., Ltd.
8.83%
SK hynix, Inc.
5.89%
Tencent Holdings Ltd.
3.38%
Alibaba Group Holding Ltd.
2.50%
MediaTek, Inc.
2.45%
DBS Group Holdings Ltd.
2.29%
Kinross Gold Corp.
2.16%
Standard Chartered Plc
1.99%
Anglo American Plc
1.90%
ZEM
Taiwan Semiconductor Manufacturing Co., Ltd.
15.07%
Samsung Electronics Co., Ltd.
7.16%
SK hynix, Inc.
5.45%
Tencent Holdings Ltd.
2.86%
Alibaba Group Holding Ltd.
1.97%
MediaTek, Inc.
1.44%
Delta Electronics, Inc.
0.91%
Samsung Electronics Co., Ltd.
0.88%
China Construction Bank Corp.
0.82%
Hon Hai Precision Industry Co., Ltd.
0.78%
Diversification
CIEM
Total weight of top 10 holdings out of 70 total
44.83%
ZEM
Total weight of top 10 holdings out of 1,173 total
37.35%
Characteristics
Compare
CIEM
ZEM
| Provider | CI | BMO |
| Management | Actively managed | Passively 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 | 0.72% | 1.87% |
| Meets ESG criteria | No | No |
| Inception Date | August 31, 2021 | October 20, 2009 |
Frequently asked questions about CIEM and ZEM
Which ETF has performed better year to date: CIEM or ZEM?
As of October 19, 2026, CIEM has returned 19.57% year to date, while ZEM has returned 19.59%. ZEM is ahead on YTD performance.
Which ETF is larger by assets under management: CIEM or ZEM?
As of October 19, 2026, CIEM manages $139.15 M in assets, while ZEM manages $3.59 B. ZEM is the larger fund by AUM.
How are CIEM and ZEM managed?
CIEM is actively managed by CI. It does not track an index. ZEM is passively managed by BMO. It tracks the MSCI Emerging Markets Net Total Return Index - CAD benchmark.
What sectors do CIEM and ZEM emphasize?
CIEM is most exposed to Technology, Finance, and Industrials. ZEM is most exposed to Technology, Finance, and Non-Energy Materials.
Which ETF is attracting more investor flows: CIEM or ZEM?
Year to date, CIEM has seen -$50.38 M in net flows, compared with +$1,068.07 M for ZEM. ZEM has attracted more net investor money so far.
How do the fees of CIEM and ZEM compare?
CIEM has an expense ratio of 1.07%, while ZEM has an expense ratio of 0.27%.
What are the top holdings of CIEM and ZEM?
CIEM's largest holdings include Taiwan Semiconductor Manufacturing Co., Ltd., Samsung Electronics Co., Ltd., and SK hynix, Inc.. ZEM's top holdings include Taiwan Semiconductor Manufacturing Co., Ltd., Samsung Electronics Co., Ltd., and SK hynix, Inc..
Which ETF is more diversified: CIEM or ZEM?
CIEM holds 70 securities, while ZEM holds 1116. On holdings count, ZEM is the more diversified portfolio.
Recent articles about CIEM and ZEM
The ETF Market Canada is brought to you by Cboe in partnership with Trackinsight SA who is providing all the data, analysis and editorial content on this site. Unless explicitly stated as such, any information that you receive is not real-time.
All content on the ETF Market Canada is for your general information use only, Cboe is not responsible for any use of content by you outside this scope. In particular, the content does not constitute any form of advice, recommendation, representation, endorsement or arrangement by Cboe and is not intended to be relied upon by users in making (or refraining from making) any specific investment or other decisions.
All content on the ETF Market Canada is for your general information use only, Cboe is not responsible for any use of content by you outside this scope. In particular, the content does not constitute any form of advice, recommendation, representation, endorsement or arrangement by Cboe and is not intended to be relied upon by users in making (or refraining from making) any specific investment or other decisions.