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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 20.46% year-to-date with +$746 M in net flows, whereas VEE is at 11.44% with +$851 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
VEE
| AuM | $4,474.92 M | $4,404.18 M |
| Management Fees | 0.25% | 0.23% |
| Exp. ratio | 0.28% | 0.26% |
| Tracking Difference | - | 1.00% |
Historical performance and flows
As of July 27, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | XEC | -4.20% | +4.28% | +20.46% | +34.33% | +75.79% |
VEE | -2.18% | +2.75% | +11.44% | +21.10% | +59.46% | |
| Flows | XEC | +$91 M | +$242 M | +$746 M | +$1,149 M | +$1,786 M |
VEE | +$96 M | +$311 M | +$851 M | +$1,136 M | +$1,643 M |
XEC vs VEE exposure
Countries
XEC
Taiwan
27.27%
Republic of Korea
22.37%
China
15.73%
India
12.20%
Other
22.43%
VEE
Taiwan
32.62%
China
22.15%
India
15.72%
Other
29.51%
Sectors
XEC
Technology
45.13%
Finance
19.69%
Non-Energy Materials
7.09%
Other
28.08%
VEE
Technology
35.21%
Finance
20.64%
Non-Energy Materials
8.54%
Other
35.61%
As of July 27, 2026
Top 10 Holdings
XEC
Taiwan Semiconductor Manufacturing Co., Ltd.
13.16%
Samsung Electronics Co., Ltd.
7.12%
SK hynix, Inc.
6.67%
Tencent Holdings Ltd.
2.38%
Alibaba Group Holding Ltd.
1.40%
MediaTek, Inc.
1.36%
Delta Electronics, Inc.
0.84%
Samsung Electronics Co., Ltd.
0.78%
SK Square Co. Ltd.
0.71%
Hon Hai Precision Industry Co., Ltd.
0.68%
VEE
Taiwan Semiconductor Manufacturing Co., Ltd.
15.60%
Tencent Holdings Ltd.
2.81%
Alibaba Group Holding Ltd.
1.79%
MediaTek, Inc.
1.63%
Delta Electronics, Inc.
0.99%
Hon Hai Precision Industry Co., Ltd.
0.79%
HDFC Bank Ltd.
0.78%
Reliance Industries Ltd.
0.75%
China Construction Bank Corp.
0.74%
ICICI Bank Ltd.
0.63%
Diversification
XEC
Total weight of top 10 holdings out of 3,005 total
35.10%
VEE
Total weight of top 10 holdings out of 4,936 total
26.51%
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 | 1.63% | 1.87% |
| 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 July 27, 2026, XEC has returned 20.46% year to date, while VEE has returned 11.44%. XEC is ahead on YTD performance.
Which ETF is larger by assets under management: XEC or VEE?
As of July 27, 2026, XEC manages $4.47 B in assets, while VEE manages $4.40 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 +$745.89 M in net flows, compared with +$851.40 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 2938 securities, while VEE holds 4562. On holdings count, VEE is the more diversified portfolio.
Recent articles about XEC and VEE
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