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Compare iShares Core MSCI All Country World ex Canada Index ETF (XAW.U) vs BMO Global Equity Fund Active ETF Series (ZGEQ) to find the best fit for your portfolio. XAW.U and ZGEQ provide the same top sector exposures: Technology, Finance, and Industrials. When evaluating costs, XAW.U features a management fee (MER) of 0.2%, compared to 0.85% for ZGEQ. Performance-wise, XAW.U has returned 15.07% year-to-date with +$8 M in net flows, whereas ZGEQ is at 13.28% 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.U
ZGEQ
| AuM | $25.90 M | $2,961.74 M |
| Management Fees | 0.20% | 0.85% |
| Exp. ratio | 0.22% | 0.83% |
| Tracking Difference | - | - |
Historical performance and flows
As of September 22, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | XAW.U | +0.89% | +2.31% | +15.07% | +18.53% | +78.61% |
ZGEQ | +2.87% | -1.16% | +13.28% | +14.69% | +89.77% | |
| Flows | XAW.U | +$1 M | +$3 M | +$8 M | +$8 M | +$11 M |
ZGEQ | +$34 M | +$50 M | +$122 M | +$373 M | +$2,440 M |
XAW.U vs ZGEQ exposure
Countries
XAW.U
USA
62.99%
Other
37.01%
ZGEQ
USA
68.94%
Other
31.06%
Sectors
XAW.U
Technology
34.50%
Finance
18.74%
Industrials
10.13%
Healthcare
8.51%
Consumer Non-Cyclicals
8.22%
Other
19.89%
ZGEQ
Technology
35.42%
Finance
18.37%
Industrials
9.60%
Healthcare
9.59%
Consumer Non-Cyclicals
9.46%
Other
17.56%
As of September 22, 2026
Top 10 Holdings
XAW.U
Apple, Inc.
4.46%
NVIDIA Corp.
4.30%
Microsoft Corp.
3.05%
Amazon.com, Inc.
2.10%
Alphabet, Inc.
1.78%
Broadcom Inc.
1.67%
Taiwan Semiconductor Manufacturing Co., Ltd.
1.62%
Alphabet, Inc.
1.44%
Meta Platforms, Inc.
1.08%
Micron Technology, Inc.
0.90%
ZGEQ
NVIDIA Corp.
4.71%
Alphabet, Inc.
4.30%
Apple, Inc.
3.19%
Western Digital Corp.
2.39%
Taiwan Semiconductor Manufacturing Co., Ltd.
2.33%
Amazon.com, Inc.
2.19%
Seagate Technology Holdings Plc
2.18%
Visa, Inc.
2.12%
Advanced Micro Devices, Inc.
2.08%
Pinnacle Financial Partners, Inc.
2.06%
Diversification
XAW.U
Total weight of top 10 holdings out of 8,085 total
22.39%
ZGEQ
Total weight of top 10 holdings out of 1,301 total
27.55%
Characteristics
Compare
XAW.U
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 | 1.19% | 0.73% |
| Meets ESG criteria | No | No |
| Inception Date | October 22, 2019 | June 26, 2023 |
Frequently asked questions about XAW.U and ZGEQ
Which ETF has performed better year to date: XAW.U or ZGEQ?
As of September 22, 2026, XAW.U has returned 15.07% year to date, while ZGEQ has returned 13.28%. XAW.U is ahead on YTD performance.
Which ETF is larger by assets under management: XAW.U or ZGEQ?
As of September 22, 2026, XAW.U manages $25.90 M in assets, while ZGEQ manages $2.96 B. ZGEQ is the larger fund by AUM.
How are XAW.U and ZGEQ managed?
XAW.U 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.U and ZGEQ emphasize?
XAW.U is most exposed to Technology, Finance, and Industrials. ZGEQ is most exposed to Technology, Finance, and Industrials.
Which ETF is attracting more investor flows: XAW.U or ZGEQ?
Year to date, XAW.U has seen +$8.23 M in net flows, compared with +$121.64 M for ZGEQ. ZGEQ has attracted more net investor money so far.
How do the fees of XAW.U and ZGEQ compare?
XAW.U has an expense ratio of 0.22%, while ZGEQ has an expense ratio of 0.83%.
What are the top holdings of XAW.U and ZGEQ?
XAW.U's largest holdings include Apple, Inc., NVIDIA Corp., and Alphabet, Inc.. ZGEQ's top holdings include NVIDIA Corp., Alphabet, Inc., and Apple, Inc..
Which ETF is more diversified: XAW.U or ZGEQ?
XAW.U holds 7986 securities, while ZGEQ holds 1288. On holdings count, XAW.U is the more diversified portfolio.
Recent articles about XAW.U and ZGEQ
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