VS
Vanguard FTSE Developed Europe All Cap Index ETF (VE) and CIBC MSCI EAFE Equity Index ETF (CIEI) offer distinct profiles for Canadian ETF investors. A direct comparison shows that VE focuses its top 3 sector exposures on Finance, Industrials, and Healthcare, while CIEI leans towards Finance, Industrials, and Technology. When evaluating costs, VE features a management fee (MER) of 0.2%, compared to 0.16% for CIEI. Performance-wise, VE has returned 11.64% year-to-date with +$116 M in net flows, whereas CIEI is at 14.52% with +$65 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
VE
CIEI
| AuM | $686.12 M | $564.82 M |
| Management Fees | 0.20% | 0.16% |
| Exp. ratio | 0.23% | 0.20% |
| Tracking Difference | 0.07% | 0.05% |
Historical performance and flows
As of September 8, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | VE | -1.94% | +4.44% | +11.64% | +18.86% | +72.96% |
CIEI | -1.07% | +5.44% | +14.52% | +20.53% | +69.56% | |
| Flows | VE | +$5 M | +$22 M | +$116 M | +$170 M | +$368 M |
CIEI | +$2 M | +$28 M | +$65 M | +$416 M | +$450 M |
VE vs CIEI exposure
Countries
VE
United Kingdom
21.73%
Switzerland
14.66%
France
13.10%
Germany
12.76%
Netherlands
8.92%
Other
28.84%
CIEI
Japan
23.41%
United Kingdom
13.98%
Switzerland
9.95%
France
8.84%
Germany
8.76%
Other
35.06%
Sectors
VE
Finance
26.51%
Industrials
16.97%
Healthcare
11.60%
Technology
9.00%
Consumer Non-Cyclicals
8.50%
Other
27.42%
CIEI
Finance
28.05%
Industrials
16.12%
Technology
12.27%
Healthcare
9.83%
Consumer Non-Cyclicals
8.25%
Other
25.48%
As of September 8, 2026
Top 10 Holdings
VE
ASML Holding NV
3.95%
HSBC Holdings Plc
2.26%
Roche Holding AG
1.91%
Novartis AG
1.81%
Nestlé SA
1.60%
Shell Plc
1.58%
AstraZeneca PLC
1.58%
Siemens AG
1.48%
Banco Santander SA
1.27%
Allianz SE
1.17%
CIEI
ASML Holding NV
2.88%
HSBC Holdings Plc
1.63%
Roche Holding AG
1.38%
Novartis AG
1.28%
Nestlé SA
1.16%
AstraZeneca PLC
1.15%
Shell Plc
1.14%
Siemens AG
1.08%
Mitsubishi UFJ Financial Group, Inc.
1.07%
BHP Group Ltd.
0.96%
Diversification
VE
Total weight of top 10 holdings out of 1,216 total
18.60%
CIEI
Total weight of top 10 holdings out of 2,608 total
13.75%
Characteristics
Compare
VE
CIEI
| Provider | Vanguard | CIBC |
| Management | Passively managed | Passively managed |
| Benchmark | FTSE Developed Europe All Cap Net Total Return Index - CAD | MSCI EAFE Net Total Return Index - CAD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 2.63% | 2.66% |
| Meets ESG criteria | No | No |
| Inception Date | June 30, 2014 | March 31, 2021 |
Frequently asked questions about VE and CIEI
Which ETF has performed better year to date: VE or CIEI?
As of September 8, 2026, VE has returned 11.64% year to date, while CIEI has returned 14.52%. CIEI is ahead on YTD performance.
Which ETF is larger by assets under management: VE or CIEI?
As of September 8, 2026, VE manages $686.12 M in assets, while CIEI manages $564.82 M. VE is the larger fund by AUM.
How are VE and CIEI managed?
VE is passively managed by Vanguard. It tracks the FTSE Developed Europe All Cap Net Total Return Index - CAD benchmark. CIEI is passively managed by CIBC. It tracks the MSCI EAFE Net Total Return Index - CAD benchmark.
What sectors do VE and CIEI emphasize?
VE is most exposed to Finance, Industrials, and Healthcare. CIEI is most exposed to Finance, Industrials, and Technology.
Which ETF is attracting more investor flows: VE or CIEI?
Year to date, VE has seen +$115.76 M in net flows, compared with +$64.86 M for CIEI. VE has attracted more net investor money so far.
How do the fees of VE and CIEI compare?
VE has an expense ratio of 0.23%, while CIEI has an expense ratio of 0.20%.
What are the top holdings of VE and CIEI?
VE's largest holdings include ASML Holding NV, HSBC Holdings Plc, and Roche Holding AG. CIEI's top holdings include ASML Holding NV, HSBC Holdings Plc, and Roche Holding AG.
Which ETF is more diversified: VE or CIEI?
VE holds 1174 securities, while CIEI holds 2596. On holdings count, CIEI is the more diversified portfolio.
Recent articles about VE and CIEI
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