VS
Compare iShares Core MSCI EAFE IMI Index ETF (XEF) vs BMO MSCI EAFE Hedged to CAD Index ETF (ZDM) to find the best fit for your portfolio. XEF and ZDM 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 0.2% for ZDM. Performance-wise, XEF has returned 10.69% year-to-date with +$3 B in net flows, whereas ZDM is at 7.52% with +$153 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
ZDM
| AuM | $21,583.89 M | $1,810.50 M |
| Management Fees | 0.20% | 0.20% |
| Exp. ratio | 0.23% | 0.22% |
| Tracking Difference | 0.01% | -0.46% |
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% |
ZDM | +1.43% | +3.58% | +7.52% | +19.88% | +53.20% | |
| Flows | XEF | +$464 M | +$1,546 M | +$3,196 M | +$6,305 M | +$10,148 M |
ZDM | +$24 M | +$104 M | +$153 M | +$433 M | +$729 M |
XEF vs ZDM 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%
ZDM
Japan
24.59%
United Kingdom
13.73%
Switzerland
8.53%
France
8.24%
Germany
8.22%
Australia
7.09%
Other
29.62%
Sectors
XEF
Financials
21.98%
Industrials
19.21%
Information Technology
9.35%
Consumer Discretionary
8.38%
Health Care
7.01%
Other
34.06%
ZDM
Financials
21.84%
Industrials
19.11%
Information Technology
9.33%
Consumer Discretionary
8.38%
Other
7.35%
Other
33.99%
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%
ZDM
ASML HOLDING
2.19%
HSBC HOLDINGS
1.24%
ASTRAZENECA
1.16%
CH1499059983
1.13%
NOVARTIS
1.11%
NESTLE SA
1.02%
SHELL PLC
1.01%
SIEMENS
0.89%
COMMONWEALTH BANK OF AUSTRALIA
0.82%
MITSUBISHI UFJ FINANCIAL GROUP
0.79%
Diversification
XEF
Total weight of top 10 holdings out of 2,646 total
11.43%
ZDM
Total weight of top 10 holdings out of 2,613 total
11.36%
Characteristics
Compare
XEF
ZDM
| Provider | iShares | BMO |
| Management | Passively managed | Passively managed |
| Benchmark | MSCI EAFE IMI Net Total Return Index - CAD | MSCI EAFE 100% Hedged to CAD Net Total Return Index - CAD |
| Replication Method | ||
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 2.21% | 1.95% |
| Meets ESG criteria | No | No |
| Inception Date | April 10, 2013 | October 20, 2009 |
Frequently asked questions about XEF and ZDM
Which ETF has performed better year to date: XEF or ZDM?
As of June 4, 2026, XEF has returned 10.69% year to date, while ZDM has returned 7.52%. XEF is ahead on YTD performance.
Which ETF is larger by assets under management: XEF or ZDM?
As of June 4, 2026, XEF manages $21.58 B in assets, while ZDM manages $1.81 B. XEF is the larger fund by AUM.
How are XEF and ZDM managed?
XEF is passively managed by iShares. It tracks the MSCI EAFE IMI Net Total Return Index - CAD benchmark. ZDM is passively managed by BMO. It tracks the MSCI EAFE 100% Hedged to CAD Net Total Return Index - CAD benchmark.
What sectors do XEF and ZDM emphasize?
XEF is most exposed to Financials, Industrials, and Information Technology. ZDM is most exposed to Financials, Industrials, and Information Technology.
Which ETF is attracting more investor flows: XEF or ZDM?
Year to date, XEF has seen +$3,196.21 M in net flows, compared with +$153.44 M for ZDM. XEF has attracted more net investor money so far.
How do the fees of XEF and ZDM compare?
XEF has an expense ratio of 0.23%, while ZDM has an expense ratio of 0.22%.
What are the top holdings of XEF and ZDM?
XEF's largest holdings include ASML HOLDING and HSBC HOLDINGS. ZDM's top holdings include ASML HOLDING and HSBC HOLDINGS.
Which ETF is more diversified: XEF or ZDM?
XEF holds 2464 securities, while ZDM holds 2438. On holdings count, XEF is the more diversified portfolio.
Recent articles about XEF and ZDM
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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.