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Compare Vanguard FTSE Developed All Cap ex U.S. Index ETF (VEF) vs BMO MSCI EAFE Index ETF (ZEA) to find the best fit for your portfolio. VEF provides Finance, Technology, and Industrials exposures, while ZEA 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 ZEA. Performance-wise, VEF has returned 16.73% year-to-date with +$147 M in net flows, whereas ZEA is at 15.76% with +$728 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
ZEA
| AuM | $1,315.31 M | $13,680.27 M |
| Management Fees | 0.20% | 0.20% |
| Exp. ratio | 0.22% | 0.22% |
| Tracking Difference | -1.30% | -0.14% |
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% |
ZEA | +0.31% | +6.65% | +15.76% | +26.46% | +68.89% | |
| Flows | VEF | +$23 M | +$39 M | +$147 M | +$194 M | +$333 M |
ZEA | +$135 M | +$649 M | +$728 M | +$1,487 M | +$2,642 M |
VEF vs ZEA exposure
Countries
VEF
Japan
20.56%
United Kingdom
10.09%
Canada
10.01%
Republic of Korea
9.98%
Switzerland
7.15%
Other
42.21%
ZEA
Japan
25.36%
United Kingdom
13.27%
Switzerland
9.34%
France
8.11%
Germany
8.00%
Other
35.93%
Sectors
VEF
Finance
26.02%
Technology
17.94%
Industrials
14.46%
Non-Energy Materials
7.99%
Healthcare
7.44%
Other
26.14%
ZEA
Finance
26.11%
Industrials
16.39%
Technology
13.77%
Healthcare
9.41%
Consumer Non-Cyclicals
7.90%
Non-Energy Materials
7.54%
Other
18.88%
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%
ZEA
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.
0.84%
Diversification
VEF
Total weight of top 10 holdings out of 3,856 total
14.43%
ZEA
Total weight of top 10 holdings out of 2,616 total
12.28%
Characteristics
Compare
VEF
ZEA
| 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 Net Total Return Index - CAD |
| Replication Method | Direct (Physical) | |
| 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 | February 10, 2014 |
Frequently asked questions about VEF and ZEA
Which ETF has performed better year to date: VEF or ZEA?
As of August 6, 2026, VEF has returned 16.73% year to date, while ZEA has returned 15.76%. VEF is ahead on YTD performance.
Which ETF is larger by assets under management: VEF or ZEA?
As of August 6, 2026, VEF manages $1.32 B in assets, while ZEA manages $13.68 B. ZEA is the larger fund by AUM.
How are VEF and ZEA 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. ZEA is passively managed by BMO. It tracks the MSCI EAFE Net Total Return Index - CAD benchmark.
What sectors do VEF and ZEA emphasize?
VEF is most exposed to Finance, Technology, and Industrials. ZEA is most exposed to Finance, Industrials, and Technology.
Which ETF is attracting more investor flows: VEF or ZEA?
Year to date, VEF has seen +$146.97 M in net flows, compared with +$728.42 M for ZEA. ZEA has attracted more net investor money so far.
How do the fees of VEF and ZEA compare?
VEF has an expense ratio of 0.22%, while ZEA has an expense ratio of 0.22%.
What are the top holdings of VEF and ZEA?
VEF's largest holdings include Samsung Electronics Co., Ltd., SK hynix, Inc., and ASML Holding NV. ZEA's top holdings include ASML Holding NV, HSBC Holdings Plc, and Roche Holding AG.
Which ETF is more diversified: VEF or ZEA?
VEF holds 3775 securities, while ZEA holds 2592. On holdings count, VEF is the more diversified portfolio.
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