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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: Technology, Finance, and Non-Energy Materials. When evaluating costs, VEE features a management fee (MER) of 0.23%, compared to 0.25% for ZEM. Performance-wise, VEE has returned 5.19% year-to-date with +$1 B in net flows, whereas ZEM is at 14.48% with +$1 B. 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 | $4,399.01 M | $3,472.81 M |
| Management Fees | 0.23% | 0.25% |
| Exp. ratio | 0.26% | 0.27% |
| Tracking Difference | -1.66% | -3.12% |
Historical performance and flows
As of October 30, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | VEE | -8.15% | -4.75% | +5.19% | +2.19% | +57.77% |
ZEM | -10.04% | -2.40% | +14.48% | +11.96% | +78.91% | |
| Flows | VEE | +$48 M | +$258 M | +$1,116 M | +$1,243 M | +$1,955 M |
ZEM | +$131 M | +$328 M | +$1,107 M | +$1,366 M | +$1,431 M |
VEE vs ZEM exposure
Countries
VEE
Taiwan
33.31%
China
22.44%
India
15.13%
Other
29.11%
ZEM
Taiwan
28.84%
Republic of Korea
21.32%
China
17.71%
India
10.61%
Other
21.53%
Sectors
VEE
Technology
34.87%
Finance
20.78%
Non-Energy Materials
8.51%
Other
35.84%
ZEM
Technology
46.62%
Finance
21.05%
Other
32.33%
As of October 30, 2026
Top 10 Holdings
VEE
Taiwan Semiconductor Manufacturing Co., Ltd.
15.60%
Tencent Holdings Ltd.
2.79%
Alibaba Group Holding Ltd.
2.09%
MediaTek, Inc.
1.86%
Delta Electronics, Inc.
0.94%
China Construction Bank Corp.
0.90%
Hon Hai Precision Industry Co., Ltd.
0.79%
HDFC Bank Ltd.
0.69%
Reliance Industries Ltd.
0.68%
Industrial & Commercial Bank of China Ltd.
0.64%
ZEM
US4642872349
100.00%
Diversification
VEE
Total weight of top 10 holdings out of 4,975 total
26.98%
ZEM
Total weight of top 10 holdings out of 1,169 total
100.00%
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 | Other | Direct (Physical) |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 1.68% | 1.95% |
| 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 October 30, 2026, VEE has returned 5.19% year to date, while ZEM has returned 14.48%. ZEM is ahead on YTD performance.
Which ETF is larger by assets under management: VEE or ZEM?
As of October 30, 2026, VEE manages $4.40 B in assets, while ZEM manages $3.47 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.
Which ETF is more diversified: VEE or ZEM?
VEE holds 4620 securities, while ZEM holds 1. On holdings count, VEE is the more diversified portfolio.
Which ETF is attracting more investor flows: VEE or ZEM?
Year to date, VEE has seen +$1,116.38 M in net flows, compared with +$1,107.37 M for ZEM. VEE has attracted more net investor money so far.
How do the fees of VEE and ZEM compare?
VEE has an expense ratio of 0.26%, while ZEM has an expense ratio of 0.27%.
What sectors do VEE and ZEM emphasize?
VEE is most exposed to Technology, Finance, and Non-Energy Materials. ZEM is most exposed to Technology, Finance, and Non-Energy Materials.
Recent articles about VEE and ZEM
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