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Purpose Emerging Markets Dividend ETF (REM) and iShares Emerging Markets Fundamental Index ETF (CWO) offer distinct profiles for Canadian ETF investors. A direct comparison shows that REM focuses its top 3 sector exposures on Finance, Consumer Non-Cyclicals, and Technology, while CWO leans towards Finance, Technology, and Energy. When evaluating costs, REM features a management fee (MER) of 0.8%, compared to 0.65% for CWO. Performance-wise, REM has returned 25.64% year-to-date with +$6 M in net flows, whereas CWO is at 14.95% with +$24 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
REM
CWO
| AuM | $26.04 M | $115.63 M |
| Management Fees | 0.80% | 0.65% |
| Exp. ratio | 1.31% | 0.72% |
| Tracking Difference | - | -0.09% |
Historical performance and flows
As of September 16, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | REM | +4.80% | +2.67% | +25.64% | +29.96% | +80.38% |
CWO | +1.94% | +1.08% | +14.95% | +20.06% | +83.69% | |
| Flows | REM | +$1 M | +$1 M | +$6 M | +$10 M | +$10 M |
CWO | +$0 M | +$5 M | +$24 M | +$31 M | +$39 M |
REM vs CWO exposure
Countries
REM
China
25.33%
Brazil
17.83%
Other
13.91%
Taiwan
13.28%
Mexico
7.27%
Other
22.39%
CWO
China
37.17%
Taiwan
22.16%
Brazil
12.92%
India
10.66%
Other
17.09%
Sectors
REM
Finance
38.23%
Other
13.91%
Consumer Non-Cyclicals
11.30%
Technology
9.14%
Non-Energy Materials
8.56%
Energy
7.87%
Other
11.01%
CWO
Finance
30.95%
Technology
23.74%
Energy
10.28%
Non-Energy Materials
10.14%
Consumer Non-Cyclicals
7.29%
Other
17.60%
As of September 16, 2026
Top 10 Holdings
REM
CA74643B1031
12.78%
United Microelectronics Corp.
2.77%
MediaTek, Inc.
2.67%
Petróleo Brasileiro SA
2.47%
MercadoLibre, Inc.
2.24%
China Shenhua Energy Co., Ltd.
2.22%
Industrial & Commercial Bank of China Ltd.
2.19%
China Construction Bank Corp.
2.14%
Vale SA
2.11%
Standard Bank Group Ltd.
2.03%
CWO
Taiwan Semiconductor Manufacturing Co., Ltd.
6.67%
Alibaba Group Holding Ltd.
2.93%
Vale SA
2.52%
Tencent Holdings Ltd.
2.50%
Industrial & Commercial Bank of China Ltd.
2.23%
JD.com, Inc.
2.16%
Petróleo Brasileiro SA
2.06%
Petróleo Brasileiro SA
1.88%
Hon Hai Precision Industry Co., Ltd.
1.84%
MediaTek, Inc.
1.78%
Diversification
REM
Total weight of top 10 holdings out of 765 total
33.63%
CWO
Total weight of top 10 holdings out of 410 total
26.59%
Characteristics
Compare
REM
CWO
| Provider | Purpose Investments | iShares |
| Management | Actively managed | Passively managed |
| Benchmark | - | RAFI Fundamental Select Emerging Markets 350 NTR Index - CAD |
| Replication Method | Direct (Physical) | |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 4.92% | 2.59% |
| Meets ESG criteria | No | No |
| Inception Date | March 23, 2017 | April 7, 2009 |
Frequently asked questions about REM and CWO
Which ETF has performed better year to date: REM or CWO?
As of September 16, 2026, REM has returned 25.64% year to date, while CWO has returned 14.95%. REM is ahead on YTD performance.
Which ETF is larger by assets under management: REM or CWO?
As of September 16, 2026, REM manages $26.04 M in assets, while CWO manages $115.63 M. CWO is the larger fund by AUM.
How are REM and CWO managed?
REM is actively managed by Purpose Investments. It does not track an index. CWO is passively managed by iShares. It tracks the RAFI Fundamental Select Emerging Markets 350 NTR Index - CAD benchmark.
What sectors do REM and CWO emphasize?
REM is most exposed to Finance, Consumer Non-Cyclicals, and Technology. CWO is most exposed to Finance, Technology, and Energy.
Which ETF is attracting more investor flows: REM or CWO?
Year to date, REM has seen +$6.31 M in net flows, compared with +$23.90 M for CWO. CWO has attracted more net investor money so far.
How do the fees of REM and CWO compare?
REM has an expense ratio of 1.31%, while CWO has an expense ratio of 0.72%.
What are the top holdings of REM and CWO?
REM's largest holdings include Petróleo Brasileiro SA and United Microelectronics Corp.. CWO's top holdings include Taiwan Semiconductor Manufacturing Co., Ltd., Petróleo Brasileiro SA, and Alibaba Group Holding Ltd..
Which ETF is more diversified: REM or CWO?
REM holds 741 securities, while CWO holds 354. On holdings count, REM is the more diversified portfolio.
Recent articles about REM and CWO
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