VS
Compare iShares Core MSCI Emerging Markets IMI Index ETF (XEC) vs Vanguard FTSE Emerging Markets All Cap Index ETF (VEE) to find the best fit for your portfolio. XEC and VEE provide the same top sector exposures: Technology, Finance, and Non-Energy Materials. When evaluating costs, XEC features a management fee (MER) of 0.25%, compared to 0.23% for VEE. Performance-wise, XEC has returned 24.51% year-to-date with +$924 M in net flows, whereas VEE is at 13.37% with +$1 B. 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
VEE
| AuM | $4,804.48 M | $4,640.38 M |
| Management Fees | 0.25% | 0.23% |
| Exp. ratio | 0.28% | 0.26% |
| Tracking Difference | - | -0.78% |
Historical performance and flows
As of September 11, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | XEC | +2.92% | +2.76% | +24.51% | +31.56% | +85.04% |
VEE | -0.07% | +1.49% | +13.37% | +15.20% | +63.36% | |
| Flows | XEC | +$139 M | +$312 M | +$924 M | +$1,201 M | +$1,957 M |
VEE | +$118 M | +$302 M | +$1,011 M | +$1,269 M | +$1,846 M |
XEC vs VEE exposure
Countries
XEC
Taiwan
25.59%
China
18.72%
Republic of Korea
17.01%
India
13.53%
Other
25.15%
VEE
Taiwan
29.30%
China
23.90%
India
16.20%
Other
30.60%
Sectors
XEC
Technology
39.04%
Finance
22.16%
Non-Energy Materials
7.48%
Other
31.32%
VEE
Technology
32.20%
Finance
21.80%
Non-Energy Materials
8.23%
Consumer Non-Cyclicals
7.29%
Other
30.48%
As of September 11, 2026
Top 10 Holdings
XEC
Taiwan Semiconductor Manufacturing Co., Ltd.
13.06%
Samsung Electronics Co., Ltd.
5.26%
SK hynix, Inc.
3.97%
Tencent Holdings Ltd.
2.89%
Alibaba Group Holding Ltd.
1.86%
MediaTek, Inc.
1.13%
China Construction Bank Corp.
0.78%
Delta Electronics, Inc.
0.72%
HDFC Bank Ltd.
0.71%
Hon Hai Precision Industry Co., Ltd.
0.67%
VEE
Taiwan Semiconductor Manufacturing Co., Ltd.
14.90%
Tencent Holdings Ltd.
3.17%
Alibaba Group Holding Ltd.
2.32%
MediaTek, Inc.
1.30%
China Construction Bank Corp.
0.86%
Delta Electronics, Inc.
0.79%
Hon Hai Precision Industry Co., Ltd.
0.77%
Reliance Industries Ltd.
0.76%
HDFC Bank Ltd.
0.74%
ICICI Bank Ltd.
0.66%
Diversification
XEC
Total weight of top 10 holdings out of 3,007 total
31.05%
VEE
Total weight of top 10 holdings out of 4,942 total
26.27%
Characteristics
Compare
XEC
VEE
| Provider | iShares | Vanguard |
| Management | Passively managed | Passively managed |
| Benchmark | MSCI Emerging Markets IMI Local Net Total Return Index - USD | FTSE Emerging Markets All Cap China A Inclusion Net Tax (US RIC) Index - CAD |
| Replication Method | ||
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 1.58% | 1.84% |
| Meets ESG criteria | No | No |
| Inception Date | April 10, 2013 | November 30, 2011 |
Frequently asked questions about XEC and VEE
Which ETF has performed better year to date: XEC or VEE?
As of September 11, 2026, XEC has returned 24.51% year to date, while VEE has returned 13.37%. XEC is ahead on YTD performance.
Which ETF is larger by assets under management: XEC or VEE?
As of September 11, 2026, XEC manages $4.80 B in assets, while VEE manages $4.64 B. XEC is the larger fund by AUM.
How are XEC and VEE managed?
XEC is passively managed by iShares. It tracks the MSCI Emerging Markets IMI Local Net Total Return Index - USD benchmark. VEE is passively managed by Vanguard. It tracks the FTSE Emerging Markets All Cap China A Inclusion Net Tax (US RIC) Index - CAD benchmark.
What sectors do XEC and VEE emphasize?
XEC is most exposed to Technology, Finance, and Non-Energy Materials. VEE is most exposed to Technology, Finance, and Non-Energy Materials.
Which ETF is attracting more investor flows: XEC or VEE?
Year to date, XEC has seen +$923.77 M in net flows, compared with +$1,011.18 M for VEE. VEE has attracted more net investor money so far.
How do the fees of XEC and VEE compare?
XEC has an expense ratio of 0.28%, while VEE has an expense ratio of 0.26%.
What are the top holdings of XEC and VEE?
XEC's largest holdings include Taiwan Semiconductor Manufacturing Co., Ltd., Samsung Electronics Co., Ltd., and SK hynix, Inc.. VEE's top holdings include Taiwan Semiconductor Manufacturing Co., Ltd., Tencent Holdings Ltd., and Alibaba Group Holding Ltd..
Which ETF is more diversified: XEC or VEE?
XEC holds 2941 securities, while VEE holds 4582. On holdings count, VEE is the more diversified portfolio.
Recent articles about XEC and VEE
The ETF Market Canada is brought to you by Cboe in partnership with Trackinsight SA who is providing all the data, analysis and editorial content on this site. Unless explicitly stated as such, any information that you receive is not real-time.
All content on the ETF Market Canada is for your general information use only, Cboe is not responsible for any use of content by you outside this scope. In particular, the content does not constitute any form of advice, recommendation, representation, endorsement or arrangement by Cboe and is not intended to be relied upon by users in making (or refraining from making) any specific investment or other decisions.
All content on the ETF Market Canada is for your general information use only, Cboe is not responsible for any use of content by you outside this scope. In particular, the content does not constitute any form of advice, recommendation, representation, endorsement or arrangement by Cboe and is not intended to be relied upon by users in making (or refraining from making) any specific investment or other decisions.