VS
Compare Vanguard FTSE Developed All Cap ex U.S. Index ETF (VEF) vs iShares Core MSCI EAFE IMI Index ETF (XEF) to find the best fit for your portfolio. VEF provides Finance, Technology, and Industrials exposures, while XEF is primarily weighted in Finance, Industrials, and Technology. When evaluating costs, VEF features a management fee (MER) of 0.2%, compared to 0.2% for XEF. Performance-wise, VEF has returned 17.67% year-to-date with +$147 M in net flows, whereas XEF is at 16.11% with +$4 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
VEF
XEF
| AuM | $1,325.96 M | $23,554.47 M |
| Management Fees | 0.20% | 0.20% |
| Exp. ratio | 0.22% | 0.23% |
| Tracking Difference | -1.30% | 0.01% |
Historical performance and flows
As of August 7, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | VEF | +0.90% | +6.54% | +17.67% | +30.44% | +73.76% |
XEF | +1.55% | +7.17% | +16.11% | +25.71% | +69.89% | |
| Flows | VEF | +$21 M | +$39 M | +$147 M | +$194 M | +$333 M |
XEF | +$515 M | +$1,687 M | +$4,419 M | +$6,746 M | +$11,242 M |
VEF vs XEF exposure
Countries
VEF
Japan
20.56%
United Kingdom
10.09%
Canada
10.01%
Republic of Korea
9.98%
Switzerland
7.15%
Other
42.21%
XEF
Japan
25.29%
United Kingdom
13.28%
Switzerland
9.30%
France
8.11%
Germany
7.99%
Other
36.02%
Sectors
VEF
Finance
26.02%
Technology
17.94%
Industrials
14.46%
Non-Energy Materials
7.99%
Healthcare
7.44%
Other
26.14%
XEF
Finance
26.05%
Industrials
16.38%
Technology
13.72%
Healthcare
9.40%
Consumer Non-Cyclicals
7.88%
Non-Energy Materials
7.52%
Other
19.05%
As of August 7, 2026
Top 10 Holdings
VEF
Samsung Electronics Co., Ltd.
3.12%
SK hynix, Inc.
2.98%
ASML Holding NV
2.33%
HSBC Holdings Plc
0.99%
Novartis AG
0.89%
Royal Bank of Canada
0.88%
Roche Holding AG
0.88%
AstraZeneca PLC
0.85%
Nestlé SA
0.80%
Siemens AG
0.72%
XEF
ASML Holding NV
3.03%
HSBC Holdings Plc
1.29%
Roche Holding AG
1.15%
Novartis AG
1.14%
AstraZeneca PLC
1.12%
Nestlé SA
1.05%
Siemens AG
0.95%
Shell Plc
0.87%
Tokyo Electron Ltd.
0.84%
Mitsubishi UFJ Financial Group, Inc.
0.83%
Diversification
VEF
Total weight of top 10 holdings out of 3,856 total
14.43%
XEF
Total weight of top 10 holdings out of 2,657 total
12.27%
Characteristics
Compare
VEF
XEF
| Provider | Vanguard | iShares |
| Management | Passively managed | Passively managed |
| Benchmark | FTSE Developed All Cap ex US Hedged to CAD Net Tax (US RIC) Index - CAD | MSCI EAFE IMI Net Total Return Index - CAD |
| Replication Method | ||
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 1.95% | 2.28% |
| Meets ESG criteria | No | No |
| Inception Date | November 30, 2011 | April 10, 2013 |
Frequently asked questions about VEF and XEF
Which ETF has performed better year to date: VEF or XEF?
As of August 7, 2026, VEF has returned 17.67% year to date, while XEF has returned 16.11%. VEF is ahead on YTD performance.
Which ETF is larger by assets under management: VEF or XEF?
As of August 7, 2026, VEF manages $1.33 B in assets, while XEF manages $23.55 B. XEF is the larger fund by AUM.
How are VEF and XEF managed?
VEF is passively managed by Vanguard. It tracks the FTSE Developed All Cap ex US Hedged to CAD Net Tax (US RIC) Index - CAD benchmark. XEF is passively managed by iShares. It tracks the MSCI EAFE IMI Net Total Return Index - CAD benchmark.
What sectors do VEF and XEF emphasize?
VEF is most exposed to Finance, Technology, and Industrials. XEF is most exposed to Finance, Industrials, and Technology.
Which ETF is attracting more investor flows: VEF or XEF?
Year to date, VEF has seen +$146.97 M in net flows, compared with +$4,419.31 M for XEF. XEF has attracted more net investor money so far.
How do the fees of VEF and XEF compare?
VEF has an expense ratio of 0.22%, while XEF has an expense ratio of 0.23%.
What are the top holdings of VEF and XEF?
VEF's largest holdings include Samsung Electronics Co., Ltd., SK hynix, Inc., and ASML Holding NV. XEF's top holdings include ASML Holding NV, HSBC Holdings Plc, and Roche Holding AG.
Which ETF is more diversified: VEF or XEF?
VEF holds 3775 securities, while XEF holds 2633. On holdings count, VEF is the more diversified portfolio.
Recent articles about VEF and XEF
The ETF Market Canada is brought to you by Cboe in partnership with Trackinsight SA who is providing all the data, analysis and editorial content on this site. Unless explicitly stated as such, any information that you receive is not real-time.
All content on the ETF Market Canada is for your general information use only, Cboe is not responsible for any use of content by you outside this scope. In particular, the content does not constitute any form of advice, recommendation, representation, endorsement or arrangement by Cboe and is not intended to be relied upon by users in making (or refraining from making) any specific investment or other decisions.
All content on the ETF Market Canada is for your general information use only, Cboe is not responsible for any use of content by you outside this scope. In particular, the content does not constitute any form of advice, recommendation, representation, endorsement or arrangement by Cboe and is not intended to be relied upon by users in making (or refraining from making) any specific investment or other decisions.