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Compare iShares Core MSCI EAFE IMI Index ETF (XEF) vs Mackenzie International Equity Index ETF (QDX) to find the best fit for your portfolio. XEF and QDX provide the same top sector exposures: Financials, Industrials, and Information Technology. When evaluating costs, XEF features a management fee (MER) of 0.2%, compared to 0.17% for QDX. Performance-wise, XEF has returned 10.69% year-to-date with +$3 B in net flows, whereas QDX is at 10.4% with +$132 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
XEF
QDX
| AuM | $21,583.89 M | $1,630.04 M |
| Management Fees | 0.20% | 0.17% |
| Exp. ratio | 0.23% | 0.19% |
| Tracking Difference | 0.01% | -0.35% |
Historical performance and flows
As of June 4, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | XEF | +5.46% | +6.26% | +10.69% | +23.31% | +64.80% |
QDX | +5.16% | +6.26% | +10.40% | +23.39% | +64.93% | |
| Flows | XEF | +$464 M | +$1,546 M | +$3,196 M | +$6,305 M | +$10,148 M |
QDX | +$28 M | +$108 M | +$132 M | +$236 M | +$572 M |
XEF vs QDX exposure
Countries
XEF
Japan
24.72%
United Kingdom
13.85%
Switzerland
8.56%
France
8.29%
Germany
8.26%
Australia
7.14%
Other
29.19%
QDX
Japan
25.13%
United Kingdom
14.01%
Switzerland
8.48%
Germany
8.35%
France
8.07%
Australia
7.29%
Other
28.67%
Sectors
XEF
Financials
21.98%
Industrials
19.21%
Information Technology
9.35%
Consumer Discretionary
8.38%
Health Care
7.01%
Other
34.06%
QDX
Financials
23.38%
Industrials
18.81%
Information Technology
9.82%
Consumer Discretionary
8.51%
Health Care
7.33%
Other
32.15%
As of June 4, 2026
Top 10 Holdings
XEF
ASML HOLDING
2.21%
HSBC HOLDINGS
1.24%
ASTRAZENECA
1.17%
CH1499059983
1.13%
NOVARTIS
1.11%
NESTLE SA
1.03%
SHELL PLC
1.02%
SIEMENS
0.89%
COMMONWEALTH BANK OF AUSTRALIA
0.83%
MITSUBISHI UFJ FINANCIAL GROUP
0.80%
QDX
ASML HOLDING
2.50%
HSBC HOLDINGS
1.44%
CH1499059983
1.31%
ASTRAZENECA
1.30%
NOVARTIS
1.29%
NESTLE SA
1.19%
SHELL PLC
1.18%
SIEMENS
1.01%
COMMONWEALTH BANK OF AUSTRALIA
0.96%
MITSUBISHI UFJ FINANCIAL GROUP
0.93%
Diversification
XEF
Total weight of top 10 holdings out of 2,646 total
11.43%
QDX
Total weight of top 10 holdings out of 902 total
13.11%
Characteristics
Compare
XEF
QDX
| Provider | iShares | Mackenzie Investments |
| Management | Passively managed | Passively managed |
| Benchmark | MSCI EAFE IMI Net Total Return Index - CAD | Solactive GBS Developed Markets ex North America Large & Mid Cap CAD NTR Index - CAD |
| Replication Method | Direct (Physical) | |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 2.21% | 2.62% |
| Meets ESG criteria | No | No |
| Inception Date | April 10, 2013 | January 29, 2018 |
Frequently asked questions about XEF and QDX
Which ETF has performed better year to date: XEF or QDX?
As of June 4, 2026, XEF has returned 10.69% year to date, while QDX has returned 10.40%. XEF is ahead on YTD performance.
Which ETF is larger by assets under management: XEF or QDX?
As of June 4, 2026, XEF manages $21.58 B in assets, while QDX manages $1.63 B. XEF is the larger fund by AUM.
How are XEF and QDX managed?
XEF is passively managed by iShares. It tracks the MSCI EAFE IMI Net Total Return Index - CAD benchmark. QDX is passively managed by Mackenzie Investments. It tracks the Solactive GBS Developed Markets ex North America Large & Mid Cap CAD NTR Index - CAD benchmark.
What sectors do XEF and QDX emphasize?
XEF is most exposed to Financials, Industrials, and Information Technology. QDX is most exposed to Financials, Industrials, and Information Technology.
Which ETF is attracting more investor flows: XEF or QDX?
Year to date, XEF has seen +$3,196.21 M in net flows, compared with +$131.79 M for QDX. XEF has attracted more net investor money so far.
How do the fees of XEF and QDX compare?
XEF has an expense ratio of 0.23%, while QDX has an expense ratio of 0.19%.
What are the top holdings of XEF and QDX?
XEF's largest holdings include ASML HOLDING and HSBC HOLDINGS. QDX's top holdings include ASML HOLDING and HSBC HOLDINGS.
Which ETF is more diversified: XEF or QDX?
XEF holds 2464 securities, while QDX holds 849. On holdings count, XEF is the more diversified portfolio.
Recent articles about XEF and QDX
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