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iShares Core MSCI All Country World ex Canada Index ETF (XAW) and iShares Core Equity ETF (XEQT) offer distinct profiles for Canadian ETF investors. A direct comparison shows that XAW focuses its top 3 sector exposures on Information Technology, Financials, and Industrials, while XEQT leans towards Information Technology, Financials, and Industrials. When evaluating costs, XAW features a management fee (MER) of 0.2%, compared to 0.18% for XEQT. Performance-wise, XAW has returned 6.55% year-to-date with +$124 M in net flows, whereas XEQT is at 6.52% with +$3 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
XEQT
| AuM | $3,976.97 M | $16,499.14 M |
| Management Fees | 0.20% | 0.18% |
| Exp. ratio | 0.22% | 0.20% |
| Tracking Difference | 0.39% | - |
Historical performance and flows
As of April 24, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | XAW | +8.33% | +3.26% | +6.55% | +30.49% | +70.65% |
XEQT | +7.57% | +2.87% | +6.52% | +32.19% | +72.74% | |
| Flows | XAW | +$56 M | +$37 M | +$124 M | +$487 M | +$750 M |
XEQT | +$697 M | +$2,515 M | +$3,443 M | +$6,868 M | +$11,573 M |
XAW vs XEQT exposure
Countries
XAW
USA
61.62%
Other
38.38%
XEQT
USA
41.95%
Canada
26.03%
Other
32.02%
Sectors
XAW
Information Technology
26.01%
Financials
14.33%
Industrials
11.29%
Consumer Discretionary
9.63%
Health Care
8.16%
Communication Services
7.84%
Other
22.73%
XEQT
Information Technology
19.08%
Financials
18.45%
Industrials
10.70%
Energy
7.76%
Consumer Discretionary
7.73%
Other
7.44%
Other
28.84%
As of April 24, 2026
Top 10 Holdings
XAW
NVIDIA
4.34%
APPLE
3.81%
MICROSOFT-T
2.81%
AMAZON.COM INC
2.08%
ALPHABET INC-CL
1.71%
BROADCOM LIMITED
1.50%
TWN SEMICONT MAN
1.44%
ALPHABET INC-CL
1.37%
META PLATFORMS
1.28%
TESLA
1.07%
XEQT
NVIDIA
2.89%
APPLE
2.54%
MICROSOFT-T
1.88%
ROYAL BK CANADA
1.76%
AMAZON.COM INC
1.39%
TORONTO DOMINION
1.22%
ALPHABET INC-CL
1.14%
SHOPIFY SUBORDINATE VOTING
1.13%
BROADCOM LIMITED
1.00%
ENBRIDGE
0.92%
Diversification
XAW
Total weight of top 10 holdings out of 8,114 total
21.42%
XEQT
Total weight of top 10 holdings out of 8,328 total
15.88%
Characteristics
Compare
XAW
XEQT
| Provider | iShares | iShares |
| 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 | 1.25% | 1.57% |
| Meets ESG criteria | No | No |
| Inception Date | February 10, 2015 | August 7, 2019 |
Frequently asked questions about XAW and XEQT
Which ETF has performed better year to date: XAW or XEQT?
As of April 24, 2026, XAW has returned 6.55% year to date, while XEQT has returned 6.52%. XAW is ahead on YTD performance.
Which ETF is larger by assets under management: XAW or XEQT?
As of April 24, 2026, XAW manages $3.98 B in assets, while XEQT manages $16.50 B. XEQT is the larger fund by AUM.
How are XAW and XEQT managed?
XAW is passively managed by iShares. It tracks the MSCI ACWI ex Canada IMI Net Total Return Index - CAD benchmark. XEQT is actively managed by iShares. It does not track an index.
What sectors do XAW and XEQT emphasize?
XAW is most exposed to Information Technology, Financials, and Industrials. XEQT is most exposed to Information Technology, Financials, and Industrials.
Which ETF is attracting more investor flows: XAW or XEQT?
Year to date, XAW has seen +$123.98 M in net flows, compared with +$3,442.84 M for XEQT. XEQT has attracted more net investor money so far.
How do the fees of XAW and XEQT compare?
XAW has an expense ratio of 0.22%, while XEQT has an expense ratio of 0.20%.
What are the top holdings of XAW and XEQT?
XAW's largest holdings include NVIDIA and APPLE. XEQT's top holdings include NVIDIA and APPLE.
Which ETF is more diversified: XAW or XEQT?
XAW holds 7266 securities, while XEQT holds 7453. On holdings count, XEQT is the more diversified portfolio.
Recent articles about XAW and XEQT
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