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Compare iShares Core MSCI All Country World ex Canada Index ETF (XAW) vs BMO Global Equity Fund Active ETF Series (ZGEQ) to find the best fit for your portfolio. XAW provides Technology, Finance, and Industrials exposures, while ZGEQ is primarily weighted in Technology, Finance, and Healthcare. When evaluating costs, XAW features a management fee (MER) of 0.2%, compared to 0.85% for ZGEQ. Performance-wise, XAW has returned 15.52% year-to-date with +$497 M in net flows, whereas ZGEQ is at 9.37% with +$122 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
ZGEQ
| AuM | $4,658.21 M | $2,859.72 M |
| Management Fees | 0.20% | 0.85% |
| Exp. ratio | 0.22% | 0.83% |
| Tracking Difference | -0.09% | - |
Historical performance and flows
As of October 16, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | XAW | +1.22% | +1.17% | +15.52% | +16.51% | +80.35% |
ZGEQ | -0.09% | -0.09% | +9.37% | +10.54% | +80.84% | |
| Flows | XAW | +$54 M | +$203 M | +$497 M | +$727 M | +$1,084 M |
ZGEQ | +$5 M | +$47 M | +$122 M | +$153 M | +$2,440 M |
XAW vs ZGEQ exposure
Countries
XAW
USA
63.01%
Other
36.99%
ZGEQ
USA
68.64%
Other
31.36%
Sectors
XAW
Technology
35.61%
Finance
18.20%
Industrials
9.80%
Healthcare
8.48%
Consumer Non-Cyclicals
8.01%
Other
19.90%
ZGEQ
Technology
36.53%
Finance
18.00%
Healthcare
9.65%
Consumer Non-Cyclicals
9.53%
Industrials
9.23%
Other
17.06%
As of October 16, 2026
Top 10 Holdings
XAW
NVIDIA Corp.
4.72%
Apple, Inc.
4.11%
Microsoft Corp.
3.33%
Amazon.com, Inc.
2.24%
Alphabet, Inc.
1.76%
Taiwan Semiconductor Manufacturing Co., Ltd.
1.70%
Broadcom Inc.
1.55%
Alphabet, Inc.
1.40%
Meta Platforms, Inc.
1.11%
Micron Technology, Inc.
0.95%
ZGEQ
NVIDIA Corp.
5.11%
Alphabet, Inc.
4.34%
Microsoft Corp.
3.02%
Apple, Inc.
2.97%
Amazon.com, Inc.
2.96%
Samsung Electronics Co., Ltd.
2.38%
Taiwan Semiconductor Manufacturing Co., Ltd.
2.34%
Seagate Technology Holdings Plc
2.07%
Equitable Holdings, Inc.
2.04%
Western Digital Corp.
2.00%
Diversification
XAW
Total weight of top 10 holdings out of 8,012 total
22.86%
ZGEQ
Total weight of top 10 holdings out of 1,271 total
29.24%
Characteristics
Compare
XAW
ZGEQ
| Provider | iShares | BMO |
| 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 | 1.20% | 0.75% |
| Meets ESG criteria | No | No |
| Inception Date | February 10, 2015 | June 26, 2023 |
Frequently asked questions about XAW and ZGEQ
Which ETF has performed better year to date: XAW or ZGEQ?
As of October 16, 2026, XAW has returned 15.52% year to date, while ZGEQ has returned 9.37%. XAW is ahead on YTD performance.
Which ETF is larger by assets under management: XAW or ZGEQ?
As of October 16, 2026, XAW manages $4.66 B in assets, while ZGEQ manages $2.86 B. XAW is the larger fund by AUM.
How are XAW and ZGEQ managed?
XAW is passively managed by iShares. It tracks the MSCI ACWI ex Canada IMI Net Total Return Index - CAD benchmark. ZGEQ is actively managed by BMO. It does not track an index.
What sectors do XAW and ZGEQ emphasize?
XAW is most exposed to Technology, Finance, and Industrials. ZGEQ is most exposed to Technology, Finance, and Healthcare.
Which ETF is attracting more investor flows: XAW or ZGEQ?
Year to date, XAW has seen +$497.01 M in net flows, compared with +$121.64 M for ZGEQ. XAW has attracted more net investor money so far.
How do the fees of XAW and ZGEQ compare?
XAW has an expense ratio of 0.22%, while ZGEQ has an expense ratio of 0.83%.
What are the top holdings of XAW and ZGEQ?
XAW's largest holdings include NVIDIA Corp., Apple, Inc., and Microsoft Corp.. ZGEQ's top holdings include NVIDIA Corp., Alphabet, Inc., and Microsoft Corp..
Which ETF is more diversified: XAW or ZGEQ?
XAW holds 7899 securities, while ZGEQ holds 1258. On holdings count, XAW is the more diversified portfolio.
Recent articles about XAW and ZGEQ
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