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Compare iShares Core MSCI Emerging Markets IMI Index ETF (XEC) vs Mackenzie Emerging Markets Equity Index ETF (QEE) to find the best fit for your portfolio. XEC provides Technology, Finance, and Non-Energy Materials exposures, while QEE is primarily weighted in Technology, Finance, and Industrials. When evaluating costs, XEC features a management fee (MER) of 0.25%, compared to 0.22% for QEE. Performance-wise, XEC has returned 15.01% year-to-date with +$1 B in net flows, whereas QEE is at 14.6% with +$279 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
XEC
QEE
| AuM | $4,562.94 M | $398.82 M |
| Management Fees | 0.25% | 0.22% |
| Exp. ratio | 0.28% | 0.27% |
| Tracking Difference | - | 0.51% |
Historical performance and flows
As of October 30, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | XEC | -9.63% | -4.78% | +15.01% | +11.73% | +76.37% |
QEE | -9.42% | -0.16% | +14.60% | +11.87% | +75.23% | |
| Flows | XEC | +$68 M | +$312 M | +$1,056 M | +$1,192 M | +$2,082 M |
QEE | +$86 M | +$185 M | +$279 M | +$286 M | +$331 M |
XEC vs QEE exposure
Countries
XEC
Taiwan
28.66%
Republic of Korea
20.54%
China
16.32%
India
11.77%
Other
22.71%
QEE
Taiwan
28.49%
Republic of Korea
20.83%
China
18.77%
India
11.34%
Other
20.56%
Sectors
XEC
Technology
43.90%
Finance
20.47%
Non-Energy Materials
7.36%
Other
28.27%
QEE
Technology
46.01%
Finance
20.21%
Other
33.78%
As of October 30, 2026
Top 10 Holdings
XEC
Taiwan Semiconductor Manufacturing Co., Ltd.
13.33%
Samsung Electronics Co., Ltd.
6.44%
SK hynix, Inc.
5.03%
US46434G1031
2.58%
Tencent Holdings Ltd.
2.34%
Alibaba Group Holding Ltd.
1.58%
MediaTek, Inc.
1.55%
Delta Electronics, Inc.
0.80%
Samsung Electronics Co., Ltd.
0.80%
China Construction Bank Corp.
0.73%
QEE
Taiwan Semiconductor Manufacturing Co., Ltd.
14.20%
Samsung Electronics Co., Ltd.
7.03%
SK hynix, Inc.
5.62%
US4642872349
3.31%
Tencent Holdings Ltd.
2.59%
Alibaba Group Holding Ltd.
1.88%
MediaTek, Inc.
1.73%
China Construction Bank Corp.
0.90%
Samsung Electronics Co., Ltd.
0.88%
Delta Electronics, Inc.
0.79%
Diversification
XEC
Total weight of top 10 holdings out of 2,930 total
35.19%
QEE
Total weight of top 10 holdings out of 1,452 total
38.93%
Characteristics
Compare
XEC
QEE
| Provider | iShares | Mackenzie Investments |
| Management | Passively managed | Passively managed |
| Benchmark | MSCI Emerging Markets IMI Local Net Total Return Index - USD | Solactive GBS Emerging Markets Large & Mid Cap CAD Index NTR - CAD |
| Replication Method | Other | Direct (Physical) |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 1.71% | 1.78% |
| Meets ESG criteria | No | No |
| Inception Date | April 10, 2013 | February 8, 2022 |
Frequently asked questions about XEC and QEE
Which ETF has performed better year to date: XEC or QEE?
As of October 30, 2026, XEC has returned 15.01% year to date, while QEE has returned 14.60%. XEC is ahead on YTD performance.
Which ETF is larger by assets under management: XEC or QEE?
As of October 30, 2026, XEC manages $4.56 B in assets, while QEE manages $398.82 M. XEC is the larger fund by AUM.
How are XEC and QEE managed?
XEC is passively managed by iShares. It tracks the MSCI Emerging Markets IMI Local Net Total Return Index - USD benchmark. QEE is passively managed by Mackenzie Investments. It tracks the Solactive GBS Emerging Markets Large & Mid Cap CAD Index NTR - CAD benchmark.
What sectors do XEC and QEE emphasize?
XEC is most exposed to Technology, Finance, and Non-Energy Materials. QEE is most exposed to Technology, Finance, and Industrials.
Which ETF is attracting more investor flows: XEC or QEE?
Year to date, XEC has seen +$1,055.78 M in net flows, compared with +$279.27 M for QEE. XEC has attracted more net investor money so far.
How do the fees of XEC and QEE compare?
XEC has an expense ratio of 0.28%, while QEE has an expense ratio of 0.27%.
What are the top holdings of XEC and QEE?
XEC's largest holdings include Taiwan Semiconductor Manufacturing Co., Ltd., Samsung Electronics Co., Ltd., and SK hynix, Inc.. QEE's top holdings include Taiwan Semiconductor Manufacturing Co., Ltd., Samsung Electronics Co., Ltd., and SK hynix, Inc..
Which ETF is more diversified: XEC or QEE?
XEC holds 2837 securities, while QEE holds 923. On holdings count, XEC is the more diversified portfolio.
Recent articles about XEC and QEE
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