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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 9.75% year-to-date with +$201 M in net flows, whereas XEQT is at 9.1% 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
XEQT
| AuM | $4,172.00 M | $18,418.64 M |
| Management Fees | 0.20% | 0.18% |
| Exp. ratio | 0.22% | 0.20% |
| Tracking Difference | -0.17% | - |
Historical performance and flows
As of June 10, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | XAW | -0.43% | +9.33% | +9.75% | +24.56% | +72.64% |
XEQT | -0.11% | +7.31% | +9.10% | +25.77% | +76.17% | |
| Flows | XAW | +$86 M | +$64 M | +$201 M | +$535 M | +$855 M |
XEQT | +$1,178 M | +$2,598 M | +$4,972 M | +$8,089 M | +$13,017 M |
XAW vs XEQT exposure
Countries
XAW
USA
62.15%
Other
37.85%
XEQT
USA
42.85%
Canada
25.60%
Other
31.55%
Sectors
XAW
Information Technology
28.15%
Financials
13.84%
Industrials
11.23%
Consumer Discretionary
9.57%
Communication Services
8.19%
Health Care
7.41%
Other
21.62%
XEQT
Information Technology
20.56%
Financials
18.58%
Industrials
10.76%
Consumer Discretionary
7.76%
Other
7.36%
Energy
7.32%
Other
27.65%
As of June 10, 2026
Top 10 Holdings
XAW
NVIDIA
4.54%
APPLE
3.73%
MICROSOFT-T
2.83%
AMAZON.COM INC
2.42%
ALPHABET INC-CL
2.10%
BROADCOM LIMITED
1.85%
ALPHABET INC-CL
1.67%
TWN SEMICONT MAN
1.58%
META PLATFORMS
1.25%
TESLA
1.00%
XEQT
NVIDIA
3.07%
APPLE
2.52%
MICROSOFT-T
1.92%
ROYAL BK CANADA
1.81%
AMAZON.COM INC
1.64%
ALPHABET INC-CL
1.42%
TORONTO DOMINION
1.30%
BROADCOM LIMITED
1.25%
ALPHABET INC-CL
1.13%
SHOPIFY SUBORDINATE VOTING
1.07%
Diversification
XAW
Total weight of top 10 holdings out of 8,150 total
22.97%
XEQT
Total weight of top 10 holdings out of 8,365 total
17.13%
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 | 1.21% | 1.53% |
| 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 June 10, 2026, XAW has returned 9.75% year to date, while XEQT has returned 9.10%. XAW is ahead on YTD performance.
Which ETF is larger by assets under management: XAW or XEQT?
As of June 10, 2026, XAW manages $4.17 B in assets, while XEQT manages $18.42 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 +$200.54 M in net flows, compared with +$4,971.90 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 ALPHABET INC-CL. XEQT's top holdings include NVIDIA and ALPHABET INC-CL.
Which ETF is more diversified: XAW or XEQT?
XAW holds 7267 securities, while XEQT holds 7454. On holdings count, XEQT is the more diversified portfolio.
Recent articles about XAW and XEQT
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