VS
Vanguard All-Equity ETF Portfolio (VEQT) and iShares Core MSCI EAFE IMI Index ETF (XEF) offer distinct profiles for Canadian ETF investors. A direct comparison shows that VEQT focuses its top 3 sector exposures on Finance, Technology, and Industrials, while XEF leans towards Finance, Industrials, and Technology. When evaluating costs, VEQT features a management fee (MER) of 0.22%, compared to 0.2% for XEF. Performance-wise, VEQT has returned 14.7% year-to-date with +$5 B in net flows, whereas XEF is at 13.98% with +$5 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
VEQT
XEF
| AuM | $17,127.03 M | $23,805.66 M |
| Management Fees | 0.22% | 0.20% |
| Exp. ratio | 0.24% | 0.22% |
| Tracking Difference | - | -0.14% |
Historical performance and flows
As of September 11, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | VEQT | -1.31% | +2.74% | +14.70% | +20.18% | +80.25% |
XEF | -1.73% | +4.30% | +13.98% | +18.38% | +68.01% | |
| Flows | VEQT | +$660 M | +$1,714 M | +$5,056 M | +$6,208 M | +$10,005 M |
XEF | +$664 M | +$1,792 M | +$5,110 M | +$6,919 M | +$11,896 M |
VEQT vs XEF exposure
Countries
VEQT
USA
44.59%
Canada
29.15%
Other
26.26%
XEF
Japan
24.79%
United Kingdom
13.81%
Switzerland
9.26%
France
8.14%
Germany
8.12%
Australia
7.05%
Other
28.83%
Sectors
VEQT
Finance
25.70%
Technology
24.84%
Industrials
9.49%
Non-Energy Materials
7.71%
Energy
7.70%
Other
24.56%
XEF
Finance
27.43%
Industrials
16.38%
Technology
11.80%
Healthcare
9.36%
Consumer Non-Cyclicals
8.07%
Non-Energy Materials
7.48%
Other
19.48%
As of September 11, 2026
Top 10 Holdings
VEQT
NVIDIA Corp.
2.88%
Apple, Inc.
2.83%
Royal Bank of Canada
2.50%
Microsoft Corp.
2.15%
The Toronto-Dominion Bank
1.71%
Amazon.com, Inc.
1.64%
Alphabet, Inc.
1.30%
Shopify, Inc.
1.23%
Broadcom Inc.
1.15%
Bank of Montreal
1.08%
XEF
ASML Holding NV
2.51%
HSBC Holdings Plc
1.43%
Roche Holding AG
1.20%
Novartis AG
1.12%
Nestlé SA
1.02%
AstraZeneca PLC
1.01%
Shell Plc
0.98%
Siemens AG
0.94%
Mitsubishi UFJ Financial Group, Inc.
0.92%
BHP Group Ltd.
0.82%
Diversification
VEQT
Total weight of top 10 holdings out of 12,159 total
18.46%
XEF
Total weight of top 10 holdings out of 2,648 total
11.94%
Characteristics
Compare
VEQT
XEF
| Provider | Vanguard | iShares |
| Management | Actively managed | Passively managed |
| Benchmark | - | MSCI EAFE IMI Net Total Return Index - CAD |
| Replication Method | ||
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 1.23% | 2.32% |
| Meets ESG criteria | No | No |
| Inception Date | February 5, 2019 | April 10, 2013 |
Frequently asked questions about VEQT and XEF
Which ETF has performed better year to date: VEQT or XEF?
As of September 11, 2026, VEQT has returned 14.70% year to date, while XEF has returned 13.98%. VEQT is ahead on YTD performance.
Which ETF is larger by assets under management: VEQT or XEF?
As of September 11, 2026, VEQT manages $17.13 B in assets, while XEF manages $23.81 B. XEF is the larger fund by AUM.
How are VEQT and XEF managed?
VEQT is actively managed by Vanguard. It does not track an index. XEF is passively managed by iShares. It tracks the MSCI EAFE IMI Net Total Return Index - CAD benchmark.
What sectors do VEQT and XEF emphasize?
VEQT is most exposed to Finance, Technology, and Industrials. XEF is most exposed to Finance, Industrials, and Technology.
Which ETF is attracting more investor flows: VEQT or XEF?
Year to date, VEQT has seen +$5,056.49 M in net flows, compared with +$5,109.84 M for XEF. XEF has attracted more net investor money so far.
How do the fees of VEQT and XEF compare?
VEQT has an expense ratio of 0.24%, while XEF has an expense ratio of 0.22%.
What are the top holdings of VEQT and XEF?
VEQT's largest holdings include NVIDIA Corp., Apple, Inc., and Royal Bank of Canada. XEF's top holdings include ASML Holding NV, HSBC Holdings Plc, and Roche Holding AG.
Which ETF is more diversified: VEQT or XEF?
VEQT holds 11647 securities, while XEF holds 2636. On holdings count, VEQT is the more diversified portfolio.
Recent articles about VEQT and XEF
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