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Compare Vanguard FTSE Emerging Markets All Cap Index ETF (VEE) vs BMO MSCI Emerging Markets Index ETF (ZEM) to find the best fit for your portfolio. VEE and ZEM 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 ZEM. Performance-wise, VEE has returned 12.75% year-to-date with +$715 M in net flows, whereas ZEM is at 25.89% with +$804 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
ZEM
| AuM | $4,323.06 M | $3,504.48 M |
| Management Fees | 0.23% | 0.25% |
| Exp. ratio | 0.25% | 0.27% |
| Tracking Difference | -0.21% | 0.57% |
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% |
ZEM | +4.26% | +19.97% | +25.89% | +49.58% | +89.10% | |
| Flows | VEE | +$123 M | +$286 M | +$715 M | +$1,093 M | +$1,516 M |
ZEM | -$146 M | +$130 M | +$804 M | +$1,155 M | +$904 M |
VEE vs ZEM exposure
Countries
VEE
Taiwan
27.44%
India
15.58%
China
13.62%
Cayman Islands
12.05%
Other
31.32%
ZEM
Taiwan
24.40%
Republic of Korea
18.64%
India
11.98%
Cayman Islands
11.64%
China
10.13%
Other
23.21%
Sectors
VEE
Information Technology
27.37%
Financials
17.15%
Other
12.09%
Consumer Discretionary
9.18%
Materials
7.04%
Other
27.16%
ZEM
Information Technology
36.78%
Financials
18.46%
Consumer Discretionary
8.75%
Other
36.01%
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%
ZEM
TWN SEMICONT MAN
14.18%
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%
ZEM
Total weight of top 10 holdings out of 1,211 total
34.56%
Characteristics
Compare
VEE
ZEM
| Provider | Vanguard | BMO |
| Management | Passively managed | Passively managed |
| Benchmark | FTSE Emerging Markets All Cap China A Inclusion Net Tax (US RIC) Index - CAD | MSCI Emerging Markets Net Total Return Index - CAD |
| Replication Method | Direct (Physical) | |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 1.93% | 1.78% |
| Meets ESG criteria | No | No |
| Inception Date | November 30, 2011 | October 20, 2009 |
Frequently asked questions about VEE and ZEM
Which ETF has performed better year to date: VEE or ZEM?
As of June 12, 2026, VEE has returned 12.75% year to date, while ZEM has returned 25.89%. ZEM is ahead on YTD performance.
Which ETF is larger by assets under management: VEE or ZEM?
As of June 12, 2026, VEE manages $4.32 B in assets, while ZEM manages $3.50 B. VEE is the larger fund by AUM.
How are VEE and ZEM 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. ZEM is passively managed by BMO. It tracks the MSCI Emerging Markets Net Total Return Index - CAD benchmark.
What sectors do VEE and ZEM emphasize?
VEE is most exposed to Information Technology, Financials, and Consumer Discretionary. ZEM is most exposed to Information Technology, Financials, and Consumer Discretionary.
Which ETF is attracting more investor flows: VEE or ZEM?
Year to date, VEE has seen +$714.90 M in net flows, compared with +$804.29 M for ZEM. ZEM has attracted more net investor money so far.
How do the fees of VEE and ZEM compare?
VEE has an expense ratio of 0.25%, while ZEM has an expense ratio of 0.27%.
What are the top holdings of VEE and ZEM?
VEE's largest holdings include TWN SEMICONT MAN and TENCENT HOLDINGS. ZEM's top holdings include TWN SEMICONT MAN and SAMSUNG ELECTR.
Which ETF is more diversified: VEE or ZEM?
VEE holds 4410 securities, while ZEM holds 1095. On holdings count, VEE is the more diversified portfolio.
Recent articles about VEE and ZEM
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