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iShares MSCI Europe IMI Index ETF (XEH) and CI S&P Europe 350 Equal Weight Index ETF (EQE) 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 EQE leans towards Finance, Industrials, and Non-Energy Materials. When evaluating costs, XEH features a management fee (MER) of 0.25%, compared to 0.3% for EQE. Performance-wise, XEH has returned 9.39% year-to-date with +$4 M in net flows, whereas EQE is at 11.96% with -$13 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
EQE
| AuM | $296.38 M | $69.21 M |
| Management Fees | 0.25% | 0.30% |
| Exp. ratio | 0.29% | 0.34% |
| Tracking Difference | -0.25% | -1.54% |
Historical performance and flows
As of September 16, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | XEH | -2.92% | +0.65% | +9.39% | +17.29% | +47.89% |
EQE | -1.15% | +2.77% | +11.96% | +16.98% | +69.87% | |
| Flows | XEH | +$2 M | +$8 M | +$4 M | +$3 M | +$99 M |
EQE | +$0 M | +$0 M | -$13 M | +$6 M | +$47 M |
XEH vs EQE exposure
Countries
XEH
United Kingdom
22.11%
Switzerland
14.84%
France
13.09%
Germany
12.98%
Netherlands
9.32%
Other
27.65%
EQE
United Kingdom
22.92%
Germany
11.71%
France
11.65%
Switzerland
11.08%
Sweden
8.64%
Netherlands
7.92%
Other
26.09%
Sectors
XEH
Finance
25.88%
Industrials
17.19%
Healthcare
11.92%
Technology
9.83%
Consumer Non-Cyclicals
8.57%
Other
26.60%
EQE
Finance
25.06%
Industrials
16.20%
Non-Energy Materials
10.27%
Consumer Non-Cyclicals
9.17%
Healthcare
8.34%
Consumer Cyclicals
7.18%
Other
23.79%
As of September 16, 2026
Top 10 Holdings
XEH
ASML Holding NV
4.03%
HSBC Holdings Plc
2.29%
Roche Holding AG
1.93%
Novartis AG
1.80%
Nestlé SA
1.65%
AstraZeneca PLC
1.62%
Shell Plc
1.57%
Siemens AG
1.51%
Banco Santander SA
1.27%
Allianz SE
1.18%
EQE
Edenred SE
0.38%
Adecco Group AG
0.38%
Bayer AG
0.37%
Randstad NV
0.36%
SEGRO PLC
0.36%
3i Group Plc
0.36%
Pandora AS
0.36%
DSM-Firmenich AG
0.35%
Banco Bilbao Vizcaya Argentaria SA
0.34%
Mondi Plc
0.34%
Diversification
XEH
Total weight of top 10 holdings out of 1,192 total
18.84%
EQE
Total weight of top 10 holdings out of 359 total
3.61%
Characteristics
Compare
XEH
EQE
| Provider | iShares | CI |
| Management | Passively managed | Passively managed |
| Benchmark | MSCI Europe IMI 100% Hedged to CAD Net Total Return Index - CAD | S&P Europe 350 Equal Weight GTR Index - CAD |
| Replication Method | Direct (Physical) | |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 2.67% | 2.18% |
| Meets ESG criteria | No | No |
| Inception Date | April 22, 2014 | September 18, 2018 |
Frequently asked questions about XEH and EQE
Which ETF has performed better year to date: XEH or EQE?
As of September 16, 2026, XEH has returned 9.39% year to date, while EQE has returned 11.96%. EQE is ahead on YTD performance.
Which ETF is larger by assets under management: XEH or EQE?
As of September 16, 2026, XEH manages $296.38 M in assets, while EQE manages $69.21 M. XEH is the larger fund by AUM.
How are XEH and EQE managed?
XEH is passively managed by iShares. It tracks the MSCI Europe IMI 100% Hedged to CAD Net Total Return Index - CAD benchmark. EQE is passively managed by CI. It tracks the S&P Europe 350 Equal Weight GTR Index - CAD benchmark.
What sectors do XEH and EQE emphasize?
XEH is most exposed to Finance, Industrials, and Healthcare. EQE is most exposed to Finance, Industrials, and Non-Energy Materials.
Which ETF is attracting more investor flows: XEH or EQE?
Year to date, XEH has seen +$4.49 M in net flows, compared with -$13.28 M for EQE. XEH has attracted more net investor money so far.
How do the fees of XEH and EQE compare?
XEH has an expense ratio of 0.29%, while EQE has an expense ratio of 0.34%.
What are the top holdings of XEH and EQE?
XEH's largest holdings include ASML Holding NV, HSBC Holdings Plc, and Roche Holding AG. EQE's top holdings include Edenred SE, Adecco Group AG, and Bayer AG.
Which ETF is more diversified: XEH or EQE?
XEH holds 1180 securities, while EQE holds 350. On holdings count, XEH is the more diversified portfolio.
Recent articles about XEH and EQE
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