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Compare iShares Core MSCI All Country World ex Canada Index ETF (XAW) vs Vanguard FTSE Global All Cap ex Canada Index ETF (VXC) to find the best fit for your portfolio. XAW and VXC provide the same top sector exposures: Technology, Finance, and Industrials. When evaluating costs, XAW features a management fee (MER) of 0.2%, compared to 0.2% for VXC. Performance-wise, XAW has returned 12.96% year-to-date with +$303 M in net flows, whereas VXC is at 12.62% with +$169 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
XAW
VXC
| AuM | $4,365.92 M | $3,408.76 M |
| Management Fees | 0.20% | 0.20% |
| Exp. ratio | 0.22% | 0.22% |
| Tracking Difference | -0.07% | 0.48% |
Historical performance and flows
As of July 20, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | XAW | -2.72% | +6.16% | +12.96% | +23.57% | +73.53% |
VXC | -2.78% | +6.19% | +12.62% | +23.39% | +75.29% | |
| Flows | XAW | +$44 M | +$203 M | +$303 M | +$614 M | +$950 M |
VXC | +$39 M | +$19 M | +$169 M | +$349 M | +$700 M |
XAW vs VXC exposure
Countries
XAW
USA
62.84%
Other
37.16%
VXC
USA
61.10%
Other
38.90%
Sectors
XAW
Technology
36.57%
Finance
17.50%
Industrials
10.20%
Healthcare
8.21%
Consumer Non-Cyclicals
7.90%
Other
19.62%
VXC
Technology
35.75%
Finance
17.13%
Industrials
10.31%
Healthcare
8.27%
Consumer Non-Cyclicals
7.70%
Other
20.85%
As of July 20, 2026
Top 10 Holdings
XAW
NVIDIA Corp.
4.36%
Apple, Inc.
3.82%
Microsoft Corp.
2.49%
Amazon.com, Inc.
2.10%
Alphabet, Inc.
1.89%
Taiwan Semiconductor Manufacturing Co., Ltd.
1.74%
Broadcom Inc.
1.61%
Alphabet, Inc.
1.50%
Micron Technology, Inc.
1.17%
Meta Platforms, Inc.
1.11%
VXC
NVIDIA Corp.
4.08%
Apple, Inc.
3.77%
Microsoft Corp.
2.46%
Amazon.com, Inc.
2.05%
Alphabet, Inc.
1.86%
Taiwan Semiconductor Manufacturing Co., Ltd.
1.65%
Broadcom Inc.
1.59%
Alphabet, Inc.
1.46%
Micron Technology, Inc.
1.15%
Meta Platforms, Inc.
1.10%
Diversification
XAW
Total weight of top 10 holdings out of 8,123 total
21.80%
VXC
Total weight of top 10 holdings out of 10,280 total
21.16%
Characteristics
Compare
XAW
VXC
| Provider | iShares | Vanguard |
| Management | Passively managed | Passively managed |
| Benchmark | MSCI ACWI ex Canada IMI Net Total Return Index - CAD | FTSE Global All Cap ex Canada China A Inclusion Net Tax Index - CAD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 1.23% | 1.26% |
| Meets ESG criteria | No | No |
| Inception Date | February 10, 2015 | June 30, 2014 |
Frequently asked questions about XAW and VXC
Which ETF has performed better year to date: XAW or VXC?
As of July 20, 2026, XAW has returned 12.96% year to date, while VXC has returned 12.62%. XAW is ahead on YTD performance.
Which ETF is larger by assets under management: XAW or VXC?
As of July 20, 2026, XAW manages $4.37 B in assets, while VXC manages $3.41 B. XAW is the larger fund by AUM.
How are XAW and VXC managed?
XAW is passively managed by iShares. It tracks the MSCI ACWI ex Canada IMI Net Total Return Index - CAD benchmark. VXC is passively managed by Vanguard. It tracks the FTSE Global All Cap ex Canada China A Inclusion Net Tax Index - CAD benchmark.
What sectors do XAW and VXC emphasize?
XAW is most exposed to Technology, Finance, and Industrials. VXC is most exposed to Technology, Finance, and Industrials.
Which ETF is attracting more investor flows: XAW or VXC?
Year to date, XAW has seen +$302.65 M in net flows, compared with +$168.63 M for VXC. XAW has attracted more net investor money so far.
How do the fees of XAW and VXC compare?
XAW has an expense ratio of 0.22%, while VXC has an expense ratio of 0.22%.
What are the top holdings of XAW and VXC?
XAW's largest holdings include NVIDIA Corp., Apple, Inc., and Alphabet, Inc.. VXC's top holdings include NVIDIA Corp., Apple, Inc., and Alphabet, Inc..
Which ETF is more diversified: XAW or VXC?
XAW holds 7993 securities, while VXC holds 9798. On holdings count, VXC is the more diversified portfolio.
Recent articles about XAW and VXC
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