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Compare Desjardins RI Emerging Markets Multifactor - Net-Zero Emissions Pathway ETF (DRFE) vs BMO MSCI Emerging Markets Index ETF (ZEM) to find the best fit for your portfolio. DRFE and ZEM provide the same top sector exposures: Technology, Finance, and Non-Energy Materials. When evaluating costs, DRFE features a management fee (MER) of 0.65%, compared to 0.25% for ZEM. Performance-wise, DRFE has returned 19.15% year-to-date with +$236 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
DRFE
ZEM
| AuM | $514.90 M | $3,587.68 M |
| Management Fees | 0.65% | 0.25% |
| Exp. ratio | 0.75% | 0.27% |
| Tracking Difference | - | -0.97% |
Historical performance and flows
As of October 19, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | DRFE | -6.77% | +0.76% | +19.15% | +19.35% | +84.21% |
ZEM | -7.27% | +0.46% | +19.59% | +18.33% | +86.91% | |
| Flows | DRFE | -$5 M | +$197 M | +$236 M | +$277 M | +$341 M |
ZEM | +$128 M | +$318 M | +$1,068 M | +$1,317 M | +$1,389 M |
DRFE vs ZEM exposure
Countries
DRFE
Republic of Korea
24.85%
Taiwan
21.47%
China
21.37%
India
7.38%
Other
24.94%
ZEM
Taiwan
27.53%
Republic of Korea
20.69%
China
18.51%
India
11.36%
Other
21.91%
Sectors
DRFE
Technology
42.06%
Finance
23.45%
Other
34.48%
ZEM
Technology
44.93%
Finance
21.13%
Non-Energy Materials
7.17%
Other
26.77%
As of October 19, 2026
Top 10 Holdings
DRFE
Taiwan Semiconductor Manufacturing Co., Ltd.
9.49%
Samsung Electronics Co., Ltd.
7.97%
SK hynix, Inc.
6.44%
ASE Technology Holding Co., Ltd.
2.24%
Tencent Holdings Ltd.
2.08%
MediaTek, Inc.
2.04%
Delta Electronics, Inc.
1.91%
ASPEED Technology, Inc.
1.60%
Grupo México S.A.B. de C.V.
1.50%
Innolux Corp.
1.40%
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
DRFE
Total weight of top 10 holdings out of 175 total
36.66%
ZEM
Total weight of top 10 holdings out of 1,173 total
37.35%
Characteristics
Compare
DRFE
ZEM
| Provider | Desjardins Investments | 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 | 2.62% | 1.87% |
| Meets ESG criteria | Yes | No |
| Inception Date | March 7, 2019 | October 20, 2009 |
Frequently asked questions about DRFE and ZEM
Which ETF has performed better year to date: DRFE or ZEM?
As of October 19, 2026, DRFE has returned 19.15% year to date, while ZEM has returned 19.59%. ZEM is ahead on YTD performance.
Which ETF is larger by assets under management: DRFE or ZEM?
As of October 19, 2026, DRFE manages $514.90 M in assets, while ZEM manages $3.59 B. ZEM is the larger fund by AUM.
How are DRFE and ZEM managed?
DRFE is actively managed by Desjardins Investments. 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 DRFE and ZEM emphasize?
DRFE is most exposed to Technology, Finance, and Non-Energy Materials. ZEM is most exposed to Technology, Finance, and Non-Energy Materials.
Which ETF is attracting more investor flows: DRFE or ZEM?
Year to date, DRFE has seen +$236.22 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 DRFE and ZEM compare?
DRFE has an expense ratio of 0.75%, while ZEM has an expense ratio of 0.27%.
What are the top holdings of DRFE and ZEM?
DRFE'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: DRFE or ZEM?
DRFE holds 169 securities, while ZEM holds 1116. On holdings count, ZEM is the more diversified portfolio.
Recent articles about DRFE and ZEM
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