VS
Compare iShares Core MSCI All Country World ex Canada Index ETF (XAW) vs Vanguard All-Equity ETF Portfolio (VEQT) to find the best fit for your portfolio. XAW provides Technology, Finance, and Industrials exposures, while VEQT is primarily weighted in Finance, Technology, and Industrials. When evaluating costs, XAW features a management fee (MER) of 0.2%, compared to 0.22% for VEQT. Performance-wise, XAW has returned 15.02% year-to-date with +$443 M in net flows, whereas VEQT is at 14.4% 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
XAW
VEQT
| AuM | $4,585.71 M | $17,099.71 M |
| Management Fees | 0.20% | 0.22% |
| Exp. ratio | 0.22% | 0.24% |
| Tracking Difference | -0.23% | - |
Historical performance and flows
As of September 14, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | XAW | -1.70% | -0.08% | +15.02% | +18.65% | +75.00% |
VEQT | -2.10% | +0.24% | +14.40% | +19.96% | +78.80% | |
| Flows | XAW | +$82 M | +$237 M | +$443 M | +$696 M | +$1,032 M |
VEQT | +$599 M | +$1,691 M | +$5,073 M | +$6,190 M | +$10,016 M |
XAW vs VEQT exposure
Countries
XAW
USA
62.99%
Other
37.01%
VEQT
USA
44.59%
Canada
29.15%
Other
26.26%
Sectors
XAW
Technology
34.50%
Finance
18.74%
Industrials
10.13%
Healthcare
8.51%
Consumer Non-Cyclicals
8.22%
Other
19.89%
VEQT
Finance
25.70%
Technology
24.84%
Industrials
9.49%
Non-Energy Materials
7.71%
Energy
7.70%
Other
24.56%
As of September 14, 2026
Top 10 Holdings
XAW
Apple, Inc.
4.46%
NVIDIA Corp.
4.30%
Microsoft Corp.
3.05%
Amazon.com, Inc.
2.10%
Alphabet, Inc.
1.78%
Broadcom Inc.
1.67%
Taiwan Semiconductor Manufacturing Co., Ltd.
1.62%
Alphabet, Inc.
1.44%
Meta Platforms, Inc.
1.08%
Micron Technology, Inc.
0.90%
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%
Diversification
XAW
Total weight of top 10 holdings out of 8,085 total
22.39%
VEQT
Total weight of top 10 holdings out of 12,159 total
18.46%
Characteristics
Compare
XAW
VEQT
| Provider | iShares | Vanguard |
| Management | Passively managed | Actively managed |
| Benchmark | MSCI ACWI ex Canada IMI Net Total Return Index - CAD | - |
| Replication Method | Direct (Physical) | |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 1.21% | 1.24% |
| Meets ESG criteria | No | No |
| Inception Date | February 10, 2015 | February 5, 2019 |
Frequently asked questions about XAW and VEQT
Which ETF has performed better year to date: XAW or VEQT?
As of September 14, 2026, XAW has returned 15.02% year to date, while VEQT has returned 14.40%. XAW is ahead on YTD performance.
Which ETF is larger by assets under management: XAW or VEQT?
As of September 14, 2026, XAW manages $4.59 B in assets, while VEQT manages $17.10 B. VEQT is the larger fund by AUM.
How are XAW and VEQT managed?
XAW is passively managed by iShares. It tracks the MSCI ACWI ex Canada IMI Net Total Return Index - CAD benchmark. VEQT is actively managed by Vanguard. It does not track an index.
What sectors do XAW and VEQT emphasize?
XAW is most exposed to Technology, Finance, and Industrials. VEQT is most exposed to Finance, Technology, and Industrials.
Which ETF is attracting more investor flows: XAW or VEQT?
Year to date, XAW has seen +$443.23 M in net flows, compared with +$5,073.08 M for VEQT. VEQT has attracted more net investor money so far.
How do the fees of XAW and VEQT compare?
XAW has an expense ratio of 0.22%, while VEQT has an expense ratio of 0.24%.
What are the top holdings of XAW and VEQT?
XAW's largest holdings include Apple, Inc., NVIDIA Corp., and Alphabet, Inc.. VEQT's top holdings include NVIDIA Corp., Apple, Inc., and Royal Bank of Canada.
Which ETF is more diversified: XAW or VEQT?
XAW holds 7986 securities, while VEQT holds 11647. On holdings count, VEQT is the more diversified portfolio.
Recent articles about XAW and VEQT
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