VS
Compare CI First Asset Morningstar International Value Index ETF (VXM) vs BMO MSCI EAFE Index ETF (ZEA) to find the best fit for your portfolio. VXM provides Industrials, Finance, and Consumer Cyclicals exposures, while ZEA is primarily weighted in Finance, Industrials, and Technology. When evaluating costs, VXM features a management fee (MER) of 0.6%, compared to 0.2% for ZEA. Performance-wise, VXM has returned 11.92% year-to-date with +$555 M in net flows, whereas ZEA is at 15.4% with +$593 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
VXM
ZEA
| AuM | $1,040.82 M | $13,500.10 M |
| Management Fees | 0.60% | 0.20% |
| Exp. ratio | 0.66% | 0.22% |
| Tracking Difference | -0.75% | -0.47% |
Historical performance and flows
As of July 6, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | VXM | +2.37% | +3.15% | +11.92% | +34.94% | +110.78% |
ZEA | +5.82% | +11.30% | +15.40% | +27.45% | +73.46% | |
| Flows | VXM | +$100 M | +$287 M | +$555 M | +$774 M | +$912 M |
ZEA | +$652 M | +$277 M | +$593 M | +$1,062 M | +$2,275 M |
VXM vs ZEA exposure
Countries
VXM
Japan
39.59%
France
9.32%
Other
51.09%
ZEA
Japan
25.23%
United Kingdom
13.20%
Switzerland
9.12%
Germany
8.20%
France
8.04%
Australia
7.12%
Other
29.10%
Sectors
VXM
Industrials
18.77%
Finance
16.57%
Consumer Cyclicals
12.17%
Non-Energy Materials
10.84%
Utilities
9.82%
Consumer Non-Cyclicals
7.80%
Other
24.04%
ZEA
Finance
25.57%
Industrials
16.69%
Technology
12.66%
Healthcare
9.19%
Non-Energy Materials
7.99%
Consumer Non-Cyclicals
7.77%
Other
20.13%
As of July 6, 2026
Top 10 Holdings
VXM
Nisshinbo Holdings, Inc.
0.75%
Ferrotec Corp.
0.71%
UACJ Corp.
0.66%
Aurubis AG
0.65%
NHK Spring Co., Ltd.
0.64%
SSAB AB
0.64%
GS Yuasa Corp.
0.63%
Valeo SE
0.62%
ArcelorMittal SA
0.62%
Oki Electric Industry Co., Ltd.
0.61%
ZEA
ASML Holding NV
2.46%
HSBC Holdings Plc
1.26%
Roche Holding AG
1.16%
AstraZeneca PLC
1.11%
Novartis AG
1.08%
Nestlé SA
1.02%
Shell Plc
0.92%
Siemens AG
0.92%
BHP Group Ltd.
0.89%
Mitsubishi UFJ Financial Group, Inc.
0.79%
Diversification
VXM
Total weight of top 10 holdings out of 199 total
6.53%
ZEA
Total weight of top 10 holdings out of 2,624 total
11.63%
Characteristics
Compare
VXM
ZEA
| Provider | CI | BMO |
| Management | Passively managed | Passively managed |
| Benchmark | Morningstar Developed Markets ex-North America Target Value Index Hedged NR CAD - CAD | MSCI EAFE Net Total Return Index - CAD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 1.80% | 1.87% |
| Meets ESG criteria | No | No |
| Inception Date | November 13, 2014 | February 10, 2014 |
Frequently asked questions about VXM and ZEA
Which ETF has performed better year to date: VXM or ZEA?
As of July 6, 2026, VXM has returned 11.92% year to date, while ZEA has returned 15.40%. ZEA is ahead on YTD performance.
Which ETF is larger by assets under management: VXM or ZEA?
As of July 6, 2026, VXM manages $1.04 B in assets, while ZEA manages $13.50 B. ZEA is the larger fund by AUM.
How are VXM and ZEA managed?
VXM is passively managed by CI. It tracks the Morningstar Developed Markets ex-North America Target Value Index Hedged NR CAD - CAD benchmark. ZEA is passively managed by BMO. It tracks the MSCI EAFE Net Total Return Index - CAD benchmark.
What sectors do VXM and ZEA emphasize?
VXM is most exposed to Industrials, Finance, and Consumer Cyclicals. ZEA is most exposed to Finance, Industrials, and Technology.
Which ETF is attracting more investor flows: VXM or ZEA?
Year to date, VXM has seen +$554.93 M in net flows, compared with +$593.29 M for ZEA. ZEA has attracted more net investor money so far.
How do the fees of VXM and ZEA compare?
VXM has an expense ratio of 0.66%, while ZEA has an expense ratio of 0.22%.
What are the top holdings of VXM and ZEA?
VXM's largest holdings include Nisshinbo Holdings, Inc., Ferrotec Corp., and UACJ Corp.. ZEA's top holdings include ASML Holding NV, HSBC Holdings Plc, and Roche Holding AG.
Which ETF is more diversified: VXM or ZEA?
VXM holds 199 securities, while ZEA holds 2603. On holdings count, ZEA is the more diversified portfolio.
Recent articles about VXM and ZEA
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