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Compare iShares Core MSCI All Country World ex Canada Index ETF (XAW) vs BMO Market+ All Country World Equity ETF (ZMPW) to find the best fit for your portfolio. XAW provides Technology, Finance, and Industrials exposures, while ZMPW is primarily weighted in Technology, Finance, and Consumer Non-Cyclicals. When evaluating costs, XAW features a management fee (MER) of 0.2%, compared to 0.35% for ZMPW. 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
ZMPW
| AuM | $4,356.95 M | $1.65 M |
| Management Fees | 0.20% | 0.35% |
| Exp. ratio | 0.22% | 0.35% |
| Tracking Difference | -0.07% | - |
Historical performance and flows
As of July 17, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | XAW | -1.01% | +5.62% | +12.88% | +23.14% | +73.56% |
ZMPW | -0.94% | +6.95% | - | - | - | |
| Flows | XAW | +$82 M | +$203 M | +$297 M | +$608 M | +$944 M |
ZMPW | +$0 M | +$0 M | - | - | - |
XAW vs ZMPW exposure
Countries
XAW
USA
62.69%
Other
37.31%
ZMPW
USA
63.29%
Other
36.71%
Sectors
XAW
Technology
37.09%
Finance
17.21%
Industrials
10.23%
Consumer Non-Cyclicals
8.25%
Healthcare
7.87%
Other
19.36%
ZMPW
Technology
39.50%
Finance
16.96%
Consumer Non-Cyclicals
11.02%
Industrials
10.07%
Healthcare
9.10%
Other
13.34%
As of July 17, 2026
Top 10 Holdings
XAW
NVIDIA Corp.
4.58%
Apple, Inc.
4.09%
Microsoft Corp.
2.99%
Amazon.com, Inc.
2.36%
Alphabet, Inc.
1.98%
Broadcom Inc.
1.89%
Taiwan Semiconductor Manufacturing Co., Ltd.
1.74%
Alphabet, Inc.
1.57%
Meta Platforms, Inc.
1.24%
Tesla, Inc.
1.09%
ZMPW
Apple, Inc.
5.35%
NVIDIA Corp.
5.10%
Microsoft Corp.
3.26%
Amazon.com, Inc.
3.04%
Alphabet, Inc.
2.68%
Alphabet, Inc.
2.51%
Micron Technology, Inc.
2.43%
Broadcom Inc.
1.99%
Taiwan Semiconductor Manufacturing Co., Ltd.
1.73%
QUALCOMM, Inc.
1.42%
Diversification
XAW
Total weight of top 10 holdings out of 8,175 total
23.53%
ZMPW
Total weight of top 10 holdings out of 1,340 total
29.51%
Characteristics
Compare
XAW
ZMPW
| 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 | 1.23% | - |
| Meets ESG criteria | No | No |
| Inception Date | February 10, 2015 | March 4, 2026 |
Frequently asked questions about XAW and ZMPW
Which ETF is larger by assets under management: XAW or ZMPW?
As of July 17, 2026, XAW manages $4.36 B in assets, while ZMPW manages $1.65 M. XAW is the larger fund by AUM.
How are XAW and ZMPW managed?
XAW is passively managed by iShares. It tracks the MSCI ACWI ex Canada IMI Net Total Return Index - CAD benchmark. ZMPW is actively managed by BMO. It does not track an index.
What sectors do XAW and ZMPW emphasize?
XAW is most exposed to Technology, Finance, and Industrials. ZMPW is most exposed to Technology, Finance, and Consumer Non-Cyclicals.
How do the fees of XAW and ZMPW compare?
XAW has an expense ratio of 0.22%, while ZMPW has an expense ratio of 0.35%.
What are the top holdings of XAW and ZMPW?
XAW's largest holdings include NVIDIA Corp., Apple, Inc., and Alphabet, Inc.. ZMPW's top holdings include Apple, Inc., Alphabet, Inc., and NVIDIA Corp..
Which ETF is more diversified: XAW or ZMPW?
XAW holds 8057 securities, while ZMPW holds 1279. On holdings count, XAW is the more diversified portfolio.
Recent articles about XAW and ZMPW
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