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iShares MSCI Europe IMI Index ETF (XEH) and Global X MSCI EAFE Index ETF (EAFX) 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 EAFX leans towards Finance, Industrials, and Technology. When evaluating costs, XEH features a management fee (MER) of 0.25%, compared to 0.2% for EAFX. Performance-wise, XEH has returned 8.86% year-to-date with +$2 M in net flows, whereas EAFX is at 8.6% with +$59 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
EAFX
| AuM | $292.94 M | $263.97 M |
| Management Fees | 0.25% | 0.20% |
| Exp. ratio | 0.29% | 0.23% |
| Tracking Difference | -0.46% | -0.45% |
Historical performance and flows
As of October 9, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | XEH | -1.23% | -0.71% | +8.86% | +12.69% | +50.81% |
EAFX | -3.76% | -0.66% | +8.60% | +13.03% | - | |
| Flows | XEH | +$0 M | +$4 M | +$2 M | -$1 M | +$97 M |
EAFX | +$8 M | +$16 M | +$59 M | +$79 M | +$0 M |
XEH vs EAFX exposure
Countries
XEH
United Kingdom
21.86%
Switzerland
14.62%
Germany
13.08%
France
12.93%
Netherlands
9.35%
Other
28.16%
EAFX
Japan
23.74%
United Kingdom
13.75%
Switzerland
9.84%
Germany
8.75%
France
8.69%
Other
35.23%
Sectors
XEH
Finance
25.87%
Industrials
17.08%
Healthcare
11.52%
Technology
10.24%
Consumer Non-Cyclicals
8.14%
Other
27.14%
EAFX
Finance
27.68%
Industrials
15.81%
Technology
12.97%
Healthcare
9.69%
Consumer Non-Cyclicals
7.95%
Non-Energy Materials
7.03%
Other
18.88%
As of October 9, 2026
Top 10 Holdings
XEH
ASML Holding NV
4.07%
HSBC Holdings Plc
2.21%
Roche Holding AG
1.91%
Novartis AG
1.74%
Shell Plc
1.57%
Nestlé SA
1.56%
AstraZeneca PLC
1.52%
Siemens AG
1.49%
SAP SE
1.40%
Banco Santander SA
1.31%
EAFX
ASML Holding NV
2.93%
HSBC Holdings Plc
1.59%
Roche Holding AG
1.37%
Novartis AG
1.25%
Shell Plc
1.13%
Nestlé SA
1.12%
Mitsubishi UFJ Financial Group, Inc.
1.10%
AstraZeneca PLC
1.10%
BHP Group Ltd.
1.08%
Siemens AG
1.07%
Diversification
XEH
Total weight of top 10 holdings out of 1,179 total
18.78%
EAFX
Total weight of top 10 holdings out of 658 total
13.76%
Characteristics
Compare
XEH
EAFX
| Provider | iShares | Global X |
| Management | Passively managed | Passively managed |
| Benchmark | MSCI Europe IMI 100% Hedged to CAD Net Total Return Index - CAD | MSCI EAFE Net Total Return Index - USD |
| Replication Method | Other | Direct (Physical) |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 2.68% | 2.68% |
| Meets ESG criteria | No | No |
| Inception Date | April 22, 2014 | May 15, 2024 |
Frequently asked questions about XEH and EAFX
Which ETF has performed better year to date: XEH or EAFX?
As of October 9, 2026, XEH has returned 8.86% year to date, while EAFX has returned 8.60%. XEH is ahead on YTD performance.
Which ETF is larger by assets under management: XEH or EAFX?
As of October 9, 2026, XEH manages $292.94 M in assets, while EAFX manages $263.97 M. XEH is the larger fund by AUM.
How are XEH and EAFX managed?
XEH is passively managed by iShares. It tracks the MSCI Europe IMI 100% Hedged to CAD Net Total Return Index - CAD benchmark. EAFX is passively managed by Global X. It tracks the MSCI EAFE Net Total Return Index - USD benchmark.
What sectors do XEH and EAFX emphasize?
XEH is most exposed to Finance, Industrials, and Healthcare. EAFX is most exposed to Finance, Industrials, and Technology.
Which ETF is attracting more investor flows: XEH or EAFX?
Year to date, XEH has seen +$2.47 M in net flows, compared with +$58.63 M for EAFX. EAFX has attracted more net investor money so far.
How do the fees of XEH and EAFX compare?
XEH has an expense ratio of 0.29%, while EAFX has an expense ratio of 0.23%.
What are the top holdings of XEH and EAFX?
XEH's largest holdings include ASML Holding NV, HSBC Holdings Plc, and Roche Holding AG. EAFX's top holdings include ASML Holding NV, HSBC Holdings Plc, and Roche Holding AG.
Which ETF is more diversified: XEH or EAFX?
XEH holds 1163 securities, while EAFX holds 650. On holdings count, XEH is the more diversified portfolio.
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