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Compare Vanguard FTSE Developed All Cap ex U.S. Index ETF (VEF) vs BMO MSCI EAFE Hedged to CAD Index ETF (ZDM) to find the best fit for your portfolio. VEF provides Finance, Technology, and Industrials exposures, while ZDM 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 ZDM. Performance-wise, VEF has returned 16.73% year-to-date with +$147 M in net flows, whereas ZDM is at 14.58% with +$211 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
VEF
ZDM
| AuM | $1,315.31 M | $1,978.92 M |
| Management Fees | 0.20% | 0.20% |
| Exp. ratio | 0.22% | 0.22% |
| Tracking Difference | -1.30% | -0.37% |
Historical performance and flows
As of August 6, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | VEF | -1.60% | +3.78% | +16.73% | +30.23% | +72.36% |
ZDM | +0.76% | +5.82% | +14.58% | +26.01% | +62.48% | |
| Flows | VEF | +$23 M | +$39 M | +$147 M | +$194 M | +$333 M |
ZDM | +$37 M | +$82 M | +$211 M | +$412 M | +$817 M |
VEF vs ZDM exposure
Countries
VEF
Japan
20.56%
United Kingdom
10.09%
Canada
10.01%
Republic of Korea
9.98%
Switzerland
7.15%
Other
42.21%
ZDM
Japan
25.54%
United Kingdom
13.36%
Switzerland
9.41%
France
8.17%
Germany
8.06%
Australia
7.01%
Other
28.45%
Sectors
VEF
Finance
26.02%
Technology
17.94%
Industrials
14.46%
Non-Energy Materials
7.99%
Healthcare
7.44%
Other
26.14%
ZDM
Finance
26.30%
Industrials
16.51%
Technology
13.87%
Healthcare
9.48%
Consumer Non-Cyclicals
7.96%
Non-Energy Materials
7.59%
Other
18.29%
As of August 6, 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%
ZDM
ASML Holding NV
3.05%
HSBC Holdings Plc
1.30%
Roche Holding AG
1.16%
Novartis AG
1.15%
AstraZeneca PLC
1.13%
Nestlé SA
1.06%
Siemens AG
0.95%
Shell Plc
0.87%
Tokyo Electron Ltd.
0.85%
Mitsubishi UFJ Financial Group, Inc.
0.84%
Diversification
VEF
Total weight of top 10 holdings out of 3,856 total
14.43%
ZDM
Total weight of top 10 holdings out of 2,616 total
12.37%
Characteristics
Compare
VEF
ZDM
| Provider | Vanguard | BMO |
| Management | Passively managed | Passively managed |
| Benchmark | FTSE Developed All Cap ex US Hedged to CAD Net Tax (US RIC) Index - CAD | MSCI EAFE 100% Hedged to CAD Net Total Return Index - CAD |
| Replication Method | ||
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 1.96% | 1.87% |
| Meets ESG criteria | No | No |
| Inception Date | November 30, 2011 | October 20, 2009 |
Frequently asked questions about VEF and ZDM
Which ETF has performed better year to date: VEF or ZDM?
As of August 6, 2026, VEF has returned 16.73% year to date, while ZDM has returned 14.58%. VEF is ahead on YTD performance.
Which ETF is larger by assets under management: VEF or ZDM?
As of August 6, 2026, VEF manages $1.32 B in assets, while ZDM manages $1.98 B. ZDM is the larger fund by AUM.
How are VEF and ZDM 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. ZDM is passively managed by BMO. It tracks the MSCI EAFE 100% Hedged to CAD Net Total Return Index - CAD benchmark.
What sectors do VEF and ZDM emphasize?
VEF is most exposed to Finance, Technology, and Industrials. ZDM is most exposed to Finance, Industrials, and Technology.
Which ETF is attracting more investor flows: VEF or ZDM?
Year to date, VEF has seen +$146.97 M in net flows, compared with +$211.32 M for ZDM. ZDM has attracted more net investor money so far.
How do the fees of VEF and ZDM compare?
VEF has an expense ratio of 0.22%, while ZDM has an expense ratio of 0.22%.
What are the top holdings of VEF and ZDM?
VEF's largest holdings include Samsung Electronics Co., Ltd., SK hynix, Inc., and ASML Holding NV. ZDM's top holdings include ASML Holding NV, HSBC Holdings Plc, and Roche Holding AG.
Which ETF is more diversified: VEF or ZDM?
VEF holds 3775 securities, while ZDM holds 2592. On holdings count, VEF is the more diversified portfolio.
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