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AGF Systematic Global ESG Factors ETF (QEF) and iShares MSCI World Index ETF (XWD) offer distinct profiles for Canadian ETF investors. A direct comparison shows that QEF focuses its top 3 sector exposures on Technology, Finance, and Industrials, while XWD leans towards Technology, Finance, and Industrials. When evaluating costs, QEF features a management fee (MER) of 0.45%, compared to 0.44% for XWD. Performance-wise, QEF has returned 11.06% year-to-date with -$7 M in net flows, whereas XWD is at 12.75% with +$70 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
QEF
XWD
| AuM | $112.58 M | $1,731.26 M |
| Management Fees | 0.45% | 0.44% |
| Exp. ratio | 0.45% | 0.48% |
| Tracking Difference | - | - |
Historical performance and flows
As of October 29, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | QEF | -2.41% | +1.95% | +11.06% | +10.00% | +69.93% |
XWD | -2.32% | +0.42% | +12.75% | +11.95% | +82.62% | |
| Flows | QEF | -$0 M | -$1 M | -$7 M | -$10 M | -$44 M |
XWD | -$31 M | +$12 M | +$70 M | +$108 M | +$275 M |
QEF vs XWD exposure
Countries
QEF
USA
60.11%
Other
39.89%
XWD
USA
70.81%
Other
29.19%
Sectors
QEF
Technology
38.85%
Finance
21.39%
Industrials
8.02%
Healthcare
7.90%
Consumer Non-Cyclicals
7.25%
Other
16.58%
XWD
Technology
37.90%
Finance
17.39%
Industrials
9.26%
Healthcare
8.88%
Consumer Non-Cyclicals
8.22%
Other
18.35%
As of October 29, 2026
Top 10 Holdings
QEF
NVIDIA Corp.
6.19%
Apple, Inc.
5.01%
Microsoft Corp.
4.11%
Alphabet, Inc.
2.68%
Taiwan Semiconductor Manufacturing Co., Ltd.
2.49%
Amazon.com, Inc.
2.37%
Broadcom Inc.
2.00%
SK hynix, Inc.
1.57%
Mastercard, Inc.
1.42%
Alphabet, Inc.
1.37%
XWD
US4642872000
72.45%
US4642874659
23.99%
CA46428D1087
3.40%
Space Exploration Technologies Corp.
0.10%
Diversification
QEF
Total weight of top 10 holdings out of 132 total
29.20%
XWD
Total weight of top 10 holdings out of 1,222 total
99.94%
Characteristics
Compare
QEF
XWD
| Provider | AGF | iShares |
| Management | Actively managed | Passively managed |
| Benchmark | - | MSCI World Daily Total Return Net Index - USD |
| Replication Method | - | Direct (Physical) |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 1.16% | 1.20% |
| Meets ESG criteria | Yes | No |
| Inception Date | February 12, 2018 | June 18, 2009 |
Frequently asked questions about QEF and XWD
Which ETF has performed better year to date: QEF or XWD?
As of October 29, 2026, QEF has returned 11.06% year to date, while XWD has returned 12.75%. XWD is ahead on YTD performance.
Which ETF is larger by assets under management: QEF or XWD?
As of October 29, 2026, QEF manages $112.58 M in assets, while XWD manages $1.73 B. XWD is the larger fund by AUM.
How are QEF and XWD managed?
QEF is actively managed by AGF. It does not track an index. XWD is passively managed by iShares. It tracks the MSCI World Daily Total Return Net Index - USD benchmark.
What sectors do QEF and XWD emphasize?
QEF is most exposed to Technology, Finance, and Industrials. XWD is most exposed to Technology, Finance, and Industrials.
Which ETF is attracting more investor flows: QEF or XWD?
Year to date, QEF has seen -$7.14 M in net flows, compared with +$69.91 M for XWD. XWD has attracted more net investor money so far.
How do the fees of QEF and XWD compare?
QEF has an expense ratio of 0.45%, while XWD has an expense ratio of 0.48%.
What are the top holdings of QEF and XWD?
QEF's largest holdings include NVIDIA Corp., Apple, Inc., and Microsoft Corp.. XWD's top holdings include Space Exploration Technologies Corp..
Which ETF is more diversified: QEF or XWD?
QEF holds 130 securities, while XWD holds 2. On holdings count, QEF is the more diversified portfolio.
Recent articles about QEF and XWD
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