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Compare Vanguard FTSE Emerging Markets All Cap Index ETF (VEE) vs iShares Core MSCI Emerging Markets IMI Index ETF (XEC) to find the best fit for your portfolio. VEE and XEC provide the same top sector exposures: Information Technology, Financials, and Consumer Discretionary. When evaluating costs, VEE features a management fee (MER) of 0.23%, compared to 0.25% for XEC. Performance-wise, VEE has returned 12.75% year-to-date with +$715 M in net flows, whereas XEC is at 24.44% with +$612 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
VEE
XEC
| AuM | $4,323.06 M | $4,521.00 M |
| Management Fees | 0.23% | 0.25% |
| Exp. ratio | 0.25% | 0.28% |
| Tracking Difference | -0.21% | - |
Historical performance and flows
As of June 12, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | VEE | +2.34% | +12.45% | +12.75% | +27.29% | +64.56% |
XEC | +2.92% | +17.86% | +24.44% | +46.28% | +86.45% | |
| Flows | VEE | +$123 M | +$286 M | +$715 M | +$1,093 M | +$1,516 M |
XEC | +$24 M | +$240 M | +$612 M | +$1,138 M | +$1,666 M |
VEE vs XEC exposure
Countries
VEE
Taiwan
27.44%
India
15.58%
China
13.62%
Cayman Islands
12.05%
Other
31.32%
XEC
Taiwan
24.01%
Republic of Korea
18.24%
India
12.93%
Cayman Islands
10.86%
China
9.01%
Other
24.94%
Sectors
VEE
Information Technology
27.37%
Financials
17.15%
Other
12.09%
Consumer Discretionary
9.18%
Materials
7.04%
Other
27.16%
XEC
Information Technology
34.43%
Financials
17.10%
Consumer Discretionary
8.68%
Industrials
7.43%
Other
32.37%
As of June 12, 2026
Top 10 Holdings
VEE
TWN SEMICONT MAN
14.02%
TENCENT HOLDINGS
3.13%
ALIBABA GROUP HOLDING LTD
2.45%
DELTA ELECTRONIC
1.12%
MEDIATEK INC
1.02%
RELIANCE INDUSTRIES
0.86%
CHINA CONSTRUCTION BANK
0.82%
HDFC BANK
0.77%
HON HAI PRECISION INDUSTRY
0.71%
PINDUODUO INC ADR
0.63%
XEC
TWN SEMICONT MAN
12.24%
SAMSUNG ELECTR
5.20%
SK HYNIX
3.49%
TENCENT HOLDINGS
2.82%
ALIBABA GROUP HOLDING LTD
2.04%
DELTA ELECTRONIC
0.98%
MEDIATEK INC
0.93%
CHINA CONSTRUCTION BANK
0.80%
HDFC BANK
0.68%
RELIANCE INDUSTRIES
0.68%
Diversification
VEE
Total weight of top 10 holdings out of 4,954 total
25.53%
XEC
Total weight of top 10 holdings out of 3,014 total
29.86%
Characteristics
Compare
VEE
XEC
| Provider | Vanguard | iShares |
| Management | Passively managed | Passively managed |
| Benchmark | FTSE Emerging Markets All Cap China A Inclusion Net Tax (US RIC) Index - CAD | MSCI Emerging Markets IMI Local Net Total Return Index - USD |
| Replication Method | ||
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 1.93% | 1.55% |
| Meets ESG criteria | No | No |
| Inception Date | November 30, 2011 | April 10, 2013 |
Frequently asked questions about VEE and XEC
Which ETF has performed better year to date: VEE or XEC?
As of June 12, 2026, VEE has returned 12.75% year to date, while XEC has returned 24.44%. XEC is ahead on YTD performance.
Which ETF is larger by assets under management: VEE or XEC?
As of June 12, 2026, VEE manages $4.32 B in assets, while XEC manages $4.52 B. XEC is the larger fund by AUM.
How are VEE and XEC managed?
VEE is passively managed by Vanguard. It tracks the FTSE Emerging Markets All Cap China A Inclusion Net Tax (US RIC) Index - CAD benchmark. XEC is passively managed by iShares. It tracks the MSCI Emerging Markets IMI Local Net Total Return Index - USD benchmark.
What sectors do VEE and XEC emphasize?
VEE is most exposed to Information Technology, Financials, and Consumer Discretionary. XEC is most exposed to Information Technology, Financials, and Consumer Discretionary.
Which ETF is attracting more investor flows: VEE or XEC?
Year to date, VEE has seen +$714.90 M in net flows, compared with +$612.02 M for XEC. VEE has attracted more net investor money so far.
How do the fees of VEE and XEC compare?
VEE has an expense ratio of 0.25%, while XEC has an expense ratio of 0.28%.
What are the top holdings of VEE and XEC?
VEE's largest holdings include TWN SEMICONT MAN and TENCENT HOLDINGS. XEC's top holdings include TWN SEMICONT MAN and SAMSUNG ELECTR.
Which ETF is more diversified: VEE or XEC?
VEE holds 4410 securities, while XEC holds 2644. On holdings count, VEE is the more diversified portfolio.
Recent articles about VEE and XEC
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