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iShares MSCI Europe IMI Index ETF (XEH) and CIBC MSCI EAFE Equity Index ETF (CIEI) offer distinct profiles for Canadian ETF investors. A direct comparison shows that XEH focuses its top 3 sector exposures on Finance, Industrials, and Healthcare, while CIEI leans towards Finance, Industrials, and Technology. When evaluating costs, XEH features a management fee (MER) of 0.25%, compared to 0.16% for CIEI. Performance-wise, XEH has returned 11.49% year-to-date with +$2 M in net flows, whereas CIEI is at 13.72% with +$63 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
XEH
CIEI
| AuM | $300.01 M | $559.24 M |
| Management Fees | 0.25% | 0.16% |
| Exp. ratio | 0.28% | 0.19% |
| Tracking Difference | 0.62% | 0.35% |
Historical performance and flows
As of July 30, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | XEH | +0.70% | +7.31% | +11.49% | +21.33% | +49.10% |
CIEI | +0.63% | +8.12% | +13.72% | +25.16% | +65.17% | |
| Flows | XEH | +$6 M | +$4 M | +$2 M | +$4 M | +$94 M |
CIEI | +$31 M | +$38 M | +$63 M | +$419 M | +$450 M |
XEH vs CIEI exposure
Countries
XEH
United Kingdom
21.32%
Switzerland
14.97%
France
13.04%
Germany
12.84%
Netherlands
10.28%
Other
27.56%
CIEI
Japan
23.60%
United Kingdom
13.52%
Switzerland
10.16%
France
8.84%
Germany
8.67%
Netherlands
7.21%
Other
28.00%
Sectors
XEH
Finance
24.92%
Industrials
17.28%
Healthcare
12.09%
Technology
11.08%
Consumer Non-Cyclicals
8.43%
Other
26.20%
CIEI
Finance
26.68%
Industrials
16.00%
Technology
14.14%
Healthcare
10.04%
Consumer Non-Cyclicals
8.12%
Other
25.02%
As of July 30, 2026
Top 10 Holdings
XEH
ASML Holding NV
4.87%
HSBC Holdings Plc
2.08%
Roche Holding AG
1.85%
Novartis AG
1.83%
AstraZeneca PLC
1.81%
Nestlé SA
1.69%
Siemens AG
1.52%
Shell Plc
1.39%
Banco Santander SA
1.27%
Allianz SE
1.15%
CIEI
ASML Holding NV
3.51%
HSBC Holdings Plc
1.50%
Roche Holding AG
1.33%
Novartis AG
1.32%
AstraZeneca PLC
1.30%
Nestlé SA
1.22%
Siemens AG
1.10%
Shell Plc
1.00%
Tokyo Electron Ltd.
0.98%
Mitsubishi UFJ Financial Group, Inc.
0.97%
Diversification
XEH
Total weight of top 10 holdings out of 1,197 total
19.46%
CIEI
Total weight of top 10 holdings out of 2,616 total
14.23%
Characteristics
Compare
XEH
CIEI
| Provider | iShares | CIBC |
| Management | Passively managed | Passively managed |
| Benchmark | MSCI Europe IMI 100% Hedged to CAD Net Total Return Index - CAD | MSCI EAFE Net Total Return Index - CAD |
| Replication Method | Direct (Physical) | |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 2.62% | 2.68% |
| Meets ESG criteria | No | No |
| Inception Date | April 22, 2014 | March 31, 2021 |
Frequently asked questions about XEH and CIEI
Which ETF has performed better year to date: XEH or CIEI?
As of July 30, 2026, XEH has returned 11.49% year to date, while CIEI has returned 13.72%. CIEI is ahead on YTD performance.
Which ETF is larger by assets under management: XEH or CIEI?
As of July 30, 2026, XEH manages $300.01 M in assets, while CIEI manages $559.24 M. CIEI is the larger fund by AUM.
How are XEH and CIEI managed?
XEH is passively managed by iShares. It tracks the MSCI Europe IMI 100% Hedged to CAD Net Total Return Index - CAD benchmark. CIEI is passively managed by CIBC. It tracks the MSCI EAFE Net Total Return Index - CAD benchmark.
What sectors do XEH and CIEI emphasize?
XEH is most exposed to Finance, Industrials, and Healthcare. CIEI is most exposed to Finance, Industrials, and Technology.
Which ETF is attracting more investor flows: XEH or CIEI?
Year to date, XEH has seen +$2.46 M in net flows, compared with +$63.23 M for CIEI. CIEI has attracted more net investor money so far.
How do the fees of XEH and CIEI compare?
XEH has an expense ratio of 0.28%, while CIEI has an expense ratio of 0.19%.
What are the top holdings of XEH and CIEI?
XEH's largest holdings include ASML Holding NV, HSBC Holdings Plc, and Roche Holding AG. CIEI's top holdings include ASML Holding NV, HSBC Holdings Plc, and Roche Holding AG.
Which ETF is more diversified: XEH or CIEI?
XEH holds 1176 securities, while CIEI holds 2592. On holdings count, CIEI is the more diversified portfolio.
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