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Compare Vanguard FTSE Emerging Markets All Cap Index ETF (VEE) vs iShares MSCI Emerging Markets Index ETF (XEM) to find the best fit for your portfolio. VEE and XEM 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 0.82% for XEM. Performance-wise, VEE has returned 12.75% year-to-date with +$715 M in net flows, whereas XEM is at 26.36% with +$142 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
XEM
| AuM | $4,323.06 M | $451.73 M |
| Management Fees | 0.23% | 0.82% |
| Exp. ratio | 0.25% | 0.83% |
| 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% |
XEM | +5.06% | +22.20% | +26.36% | +48.33% | +87.30% | |
| Flows | VEE | +$123 M | +$286 M | +$715 M | +$1,093 M | +$1,516 M |
XEM | +$4 M | +$72 M | +$142 M | +$129 M | +$54 M |
VEE vs XEM exposure
Countries
VEE
Taiwan
27.44%
India
15.58%
China
13.62%
Cayman Islands
12.05%
Other
31.32%
XEM
Taiwan
24.39%
Republic of Korea
18.63%
India
11.98%
Cayman Islands
11.63%
China
10.12%
Other
23.26%
Sectors
VEE
Information Technology
27.37%
Financials
17.15%
Other
12.09%
Consumer Discretionary
9.18%
Materials
7.04%
Other
27.16%
XEM
Information Technology
36.76%
Financials
18.45%
Consumer Discretionary
8.74%
Other
36.05%
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%
XEM
TWN SEMICONT MAN
14.17%
SAMSUNG ELECTR
6.01%
SK HYNIX
4.04%
TENCENT HOLDINGS
3.25%
ALIBABA GROUP HOLDING LTD
2.36%
DELTA ELECTRONIC
1.14%
MEDIATEK INC
1.07%
CHINA CONSTRUCTION BANK
0.92%
HDFC BANK
0.79%
RELIANCE INDUSTRIES
0.78%
Diversification
VEE
Total weight of top 10 holdings out of 4,954 total
25.53%
XEM
Total weight of top 10 holdings out of 1,211 total
34.54%
Characteristics
Compare
VEE
XEM
| 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 Index - USD |
| Replication Method | ||
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 1.93% | 1.51% |
| Meets ESG criteria | No | No |
| Inception Date | November 30, 2011 | June 18, 2009 |
Frequently asked questions about VEE and XEM
Which ETF has performed better year to date: VEE or XEM?
As of June 12, 2026, VEE has returned 12.75% year to date, while XEM has returned 26.36%. XEM is ahead on YTD performance.
Which ETF is larger by assets under management: VEE or XEM?
As of June 12, 2026, VEE manages $4.32 B in assets, while XEM manages $451.73 M. VEE is the larger fund by AUM.
How are VEE and XEM 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. XEM is passively managed by iShares. It tracks the MSCI Emerging Markets Index - USD benchmark.
What sectors do VEE and XEM emphasize?
VEE is most exposed to Information Technology, Financials, and Consumer Discretionary. XEM is most exposed to Information Technology, Financials, and Consumer Discretionary.
Which ETF is attracting more investor flows: VEE or XEM?
Year to date, VEE has seen +$714.90 M in net flows, compared with +$142.03 M for XEM. VEE has attracted more net investor money so far.
How do the fees of VEE and XEM compare?
VEE has an expense ratio of 0.25%, while XEM has an expense ratio of 0.83%.
What are the top holdings of VEE and XEM?
VEE's largest holdings include TWN SEMICONT MAN and TENCENT HOLDINGS. XEM's top holdings include TWN SEMICONT MAN and SAMSUNG ELECTR.
Which ETF is more diversified: VEE or XEM?
VEE holds 4410 securities, while XEM holds 1095. On holdings count, VEE is the more diversified portfolio.
Recent articles about VEE and XEM
Energy Funds Surge as Oil Prices Remain Firm
Energy funds gained 4.2% as Cushing oil storage depleted, driven by global supply cuts and increased U.S. demand.
Posted on 10/3/2023 by ETF Market Canada inOil & Gas
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