VS
iShares MSCI Europe IMI Index ETF (XEH) and iShares Core MSCI EAFE IMI Index ETF (XEF) offer distinct profiles for Canadian ETF investors. A direct comparison shows that XEH focuses its top 3 sector exposures on Financials, Industrials, and Health Care, while XEF leans towards Financials, Industrials, and Consumer Discretionary. When evaluating costs, XEH features a management fee (MER) of 0.25%, compared to 0.2% for XEF. Performance-wise, XEH has returned 3.29% year-to-date with +$0 M in net flows, whereas XEF is at 5.27% with +$3 B. 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
XEF
| AuM | $281.33 M | $19,928.40 M |
| Management Fees | 0.25% | 0.20% |
| Exp. ratio | 0.25% | 0.23% |
| Tracking Difference | 1.22% | 0.16% |
Historical performance and flows
As of April 27, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | XEH | +6.65% | -0.14% | +3.29% | +18.47% | +39.60% |
XEF | +5.20% | -0.22% | +5.27% | +23.75% | +53.36% | |
| Flows | XEH | +$2 M | +$8 M | +$0 M | +$26 M | +$89 M |
XEF | +$463 M | +$1,977 M | +$2,582 M | +$6,012 M | +$9,574 M |
XEH vs XEF exposure
Countries
XEH
United Kingdom
22.30%
Switzerland
13.94%
France
13.60%
Germany
13.07%
Netherlands
9.10%
Other
28.00%
XEF
Japan
24.24%
United Kingdom
13.87%
Switzerland
8.67%
France
8.44%
Germany
8.16%
Australia
7.08%
Other
29.54%
Sectors
XEH
Financials
21.09%
Industrials
18.04%
Other
9.01%
Health Care
9.00%
Information Technology
7.67%
Consumer Staples
7.50%
Other
27.69%
XEF
Financials
21.72%
Industrials
18.69%
Consumer Discretionary
8.48%
Information Technology
8.41%
Health Care
7.57%
Other
7.24%
Other
27.90%
As of April 27, 2026
Top 10 Holdings
XEH
ASML HOLDING
3.41%
ASTRAZENECA
2.04%
NOVARTIS
1.95%
HSBC HOLDINGS
1.88%
CH1499059983
1.87%
SHELL PLC
1.83%
NESTLE SA
1.71%
TOTALENERGIES SE
1.26%
SIEMENS
1.23%
SAP SE
1.20%
XEF
ASML HOLDING
2.12%
ASTRAZENECA
1.27%
NOVARTIS
1.21%
HSBC HOLDINGS
1.17%
CH1499059983
1.17%
SHELL PLC
1.14%
NESTLE SA
1.07%
COMMONWEALTH BANK OF AUSTRALIA
0.81%
TOYOTA
0.80%
TOTALENERGIES SE
0.78%
Diversification
XEH
Total weight of top 10 holdings out of 1,203 total
18.38%
XEF
Total weight of top 10 holdings out of 2,656 total
11.55%
Characteristics
Compare
XEH
XEF
| Provider | iShares | iShares |
| Management | Passively managed | Passively managed |
| Benchmark | MSCI Europe IMI 100% Hedged to CAD Net Total Return Index - CAD | MSCI EAFE IMI Net Total Return Index - CAD |
| Replication Method | ||
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 2.42% | 2.32% |
| Meets ESG criteria | No | No |
| Inception Date | April 22, 2014 | April 10, 2013 |
Frequently asked questions about XEH and XEF
Which ETF has performed better year to date: XEH or XEF?
As of April 27, 2026, XEH has returned 3.29% year to date, while XEF has returned 5.27%. XEF is ahead on YTD performance.
Which ETF is larger by assets under management: XEH or XEF?
As of April 27, 2026, XEH manages $281.33 M in assets, while XEF manages $19.93 B. XEF is the larger fund by AUM.
How are XEH and XEF managed?
XEH is passively managed by iShares. It tracks the MSCI Europe IMI 100% Hedged to CAD Net Total Return Index - CAD benchmark. XEF is passively managed by iShares. It tracks the MSCI EAFE IMI Net Total Return Index - CAD benchmark.
What sectors do XEH and XEF emphasize?
XEH is most exposed to Financials, Industrials, and Health Care. XEF is most exposed to Financials, Industrials, and Consumer Discretionary.
Which ETF is attracting more investor flows: XEH or XEF?
Year to date, XEH has seen +$0.18 M in net flows, compared with +$2,581.55 M for XEF. XEF has attracted more net investor money so far.
How do the fees of XEH and XEF compare?
XEH has an expense ratio of 0.25%, while XEF has an expense ratio of 0.23%.
What are the top holdings of XEH and XEF?
XEH's largest holdings include ASML HOLDING and ASTRAZENECA. XEF's top holdings include ASML HOLDING and ASTRAZENECA.
Which ETF is more diversified: XEH or XEF?
XEH holds 1088 securities, while XEF holds 2476. On holdings count, XEF is the more diversified portfolio.
Recent articles about XEH and XEF
The ETF Market Canada is brought to you by Cboe in partnership with Trackinsight SA who is providing all the data, analysis and editorial content on this site. Unless explicitly stated as such, any information that you receive is not real-time.
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.
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.