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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 and QEE provide the same top sector exposures: Information Technology, Financials, and Consumer Discretionary. When evaluating costs, XEC features a management fee (MER) of 0.25%, compared to 0.22% for QEE. Performance-wise, XEC has returned 29.43% year-to-date with +$612 M in net flows, whereas QEE is at 28.96% with +$100 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 | $4,702.28 M | $266.39 M |
| Management Fees | 0.25% | 0.22% |
| Exp. ratio | 0.28% | 0.27% |
| Tracking Difference | - | -0.50% |
Historical performance and flows
As of June 16, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | XEC | +10.43% | +21.34% | +29.43% | +53.23% | +92.29% |
QEE | +9.93% | +22.50% | +28.96% | +53.47% | +87.73% | |
| Flows | XEC | +$2 M | +$236 M | +$612 M | +$1,118 M | +$1,665 M |
QEE | +$1 M | +$85 M | +$100 M | +$112 M | +$159 M |
XEC vs QEE exposure
Countries
XEC
Taiwan
24.01%
Republic of Korea
18.24%
India
12.93%
Cayman Islands
10.86%
China
9.01%
Other
24.94%
QEE
Taiwan
24.11%
Republic of Korea
18.50%
India
12.36%
Cayman Islands
11.28%
China
10.91%
Other
22.84%
Sectors
XEC
Information Technology
34.43%
Financials
17.10%
Consumer Discretionary
8.68%
Industrials
7.43%
Other
32.37%
QEE
Information Technology
35.78%
Financials
17.45%
Consumer Discretionary
9.16%
Industrials
7.39%
Other
30.22%
As of June 16, 2026
Top 10 Holdings
XEC
TWN SEMICONT MAN
12.24%
SAMSUNG ELECTR
5.20%
SK HYNIX
3.49%
TENCENT HOLDINGS
2.82%
ALIBABA GROUP HOLDING LTD
2.04%
DELTA ELECTRONIC
0.98%
MEDIATEK INC
0.93%
CHINA CONSTRUCTION BANK
0.80%
HDFC BANK
0.68%
RELIANCE INDUSTRIES
0.68%
QEE
TWN SEMICONT MAN
13.24%
SAMSUNG ELECTR
5.72%
SK HYNIX
3.83%
TENCENT HOLDINGS
3.05%
ALIBABA GROUP HOLDING LTD
2.39%
DELTA ELECTRONIC
1.11%
MEDIATEK INC
1.00%
CHINA CONSTRUCTION BANK
0.88%
HDFC BANK
0.76%
RELIANCE INDUSTRIES
0.74%
Diversification
XEC
Total weight of top 10 holdings out of 3,014 total
29.86%
QEE
Total weight of top 10 holdings out of 1,458 total
32.71%
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 | Direct (Physical) | |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 1.49% | 1.27% |
| 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 June 16, 2026, XEC has returned 29.43% year to date, while QEE has returned 28.96%. XEC is ahead on YTD performance.
Which ETF is larger by assets under management: XEC or QEE?
As of June 16, 2026, XEC manages $4.70 B in assets, while QEE manages $266.39 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 Information Technology, Financials, and Consumer Discretionary. QEE is most exposed to Information Technology, Financials, and Consumer Discretionary.
Which ETF is attracting more investor flows: XEC or QEE?
Year to date, XEC has seen +$612.02 M in net flows, compared with +$99.61 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 TWN SEMICONT MAN and SAMSUNG ELECTR. QEE's top holdings include TWN SEMICONT MAN and SAMSUNG ELECTR.
Which ETF is more diversified: XEC or QEE?
XEC holds 2644 securities, while QEE holds 1307. On holdings count, XEC is the more diversified portfolio.
Recent articles about XEC and QEE
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