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Compare iShares Core MSCI Emerging Markets IMI Index ETF (XEC.U) vs Mackenzie Emerging Markets Equity Index ETF (QEE) to find the best fit for your portfolio. XEC.U provides Technology, Finance, and Non-Energy Materials exposures, while QEE is primarily weighted in Technology, Finance, and Industrials. When evaluating costs, XEC.U features a management fee (MER) of 0.25%, compared to 0.22% for QEE. Performance-wise, XEC.U has returned 22.57% year-to-date with +$15 M in net flows, whereas QEE is at 27.25% with +$193 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.U
QEE
| AuM | $24.50 M | $357.23 M |
| Management Fees | 0.25% | 0.22% |
| Exp. ratio | 0.27% | 0.27% |
| Tracking Difference | -1.14% | 0.61% |
Historical performance and flows
As of October 1, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | XEC.U | +0.75% | +2.09% | +22.57% | +25.65% | +85.92% |
QEE | +1.58% | +2.24% | +27.25% | +30.18% | +92.19% | |
| Flows | XEC.U | +$2 M | +$5 M | +$15 M | +$16 M | +$17 M |
QEE | +$3 M | +$101 M | +$193 M | +$205 M | +$246 M |
XEC.U vs QEE exposure
Countries
XEC.U
Taiwan
27.57%
Republic of Korea
20.06%
China
17.16%
India
12.59%
Other
22.63%
QEE
Taiwan
27.08%
Republic of Korea
20.12%
China
19.64%
India
12.05%
Other
21.11%
Sectors
XEC.U
Technology
42.50%
Finance
20.77%
Non-Energy Materials
7.98%
Other
28.76%
QEE
Technology
44.24%
Finance
20.31%
Industrials
7.18%
Other
28.27%
As of October 1, 2026
Top 10 Holdings
XEC.U
Taiwan Semiconductor Manufacturing Co., Ltd.
13.30%
Samsung Electronics Co., Ltd.
6.33%
SK hynix, Inc.
4.81%
Tencent Holdings Ltd.
2.53%
Alibaba Group Holding Ltd.
1.74%
MediaTek, Inc.
1.27%
Delta Electronics, Inc.
0.81%
Samsung Electronics Co., Ltd.
0.78%
China Construction Bank Corp.
0.73%
Hon Hai Precision Industry Co., Ltd.
0.69%
QEE
Taiwan Semiconductor Manufacturing Co., Ltd.
14.17%
Samsung Electronics Co., Ltd.
6.90%
SK hynix, Inc.
5.36%
Tencent Holdings Ltd.
2.79%
Alibaba Group Holding Ltd.
2.06%
MediaTek, Inc.
1.42%
China Construction Bank Corp.
0.89%
Samsung Electronics Co., Ltd.
0.85%
Delta Electronics, Inc.
0.80%
Hon Hai Precision Industry Co., Ltd.
0.74%
Diversification
XEC.U
Total weight of top 10 holdings out of 2,946 total
32.98%
QEE
Total weight of top 10 holdings out of 1,457 total
35.98%
Characteristics
Compare
XEC.U
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 | 1.57% | 1.60% |
| Meets ESG criteria | No | No |
| Inception Date | October 22, 2019 | February 8, 2022 |
Frequently asked questions about XEC.U and QEE
Which ETF has performed better year to date: XEC.U or QEE?
As of October 1, 2026, XEC.U has returned 22.57% year to date, while QEE has returned 27.25%. QEE is ahead on YTD performance.
Which ETF is larger by assets under management: XEC.U or QEE?
As of October 1, 2026, XEC.U manages $24.50 M in assets, while QEE manages $357.23 M. QEE is the larger fund by AUM.
How are XEC.U and QEE managed?
XEC.U 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.U and QEE emphasize?
XEC.U 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.U or QEE?
Year to date, XEC.U has seen +$15.26 M in net flows, compared with +$193.38 M for QEE. QEE has attracted more net investor money so far.
How do the fees of XEC.U and QEE compare?
XEC.U has an expense ratio of 0.27%, while QEE has an expense ratio of 0.27%.
What are the top holdings of XEC.U and QEE?
XEC.U'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.U or QEE?
XEC.U holds 2872 securities, while QEE holds 1368. On holdings count, XEC.U is the more diversified portfolio.
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