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Compare iShares MSCI Emerging Markets Index ETF (XEM) vs Franklin Emerging Markets Equity Index ETF (FLEM) to find the best fit for your portfolio. XEM and FLEM provide the same top sector exposures: Information Technology, Financials, and Consumer Discretionary. When evaluating costs, XEM features a management fee (MER) of 0.82%, compared to 0.15% for FLEM. Performance-wise, XEM has returned 28.67% year-to-date with +$139 M in net flows, whereas FLEM is at 29.76% with +$8 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
XEM
FLEM
| AuM | $457.31 M | $59.65 M |
| Management Fees | 0.82% | 0.15% |
| Exp. ratio | 0.83% | 0.17% |
| Tracking Difference | - | -0.49% |
Historical performance and flows
As of June 17, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | XEM | +9.09% | +19.84% | +28.67% | +54.06% | +88.64% |
FLEM | +8.54% | +21.44% | +29.76% | +54.24% | +96.35% | |
| Flows | XEM | +$17 M | +$67 M | +$139 M | +$130 M | +$60 M |
FLEM | +$5 M | +$0 M | +$8 M | +$16 M | +$38 M |
XEM vs FLEM exposure
Countries
XEM
Taiwan
24.39%
Republic of Korea
18.63%
India
11.98%
Cayman Islands
11.63%
China
10.12%
Other
23.26%
FLEM
Taiwan
24.12%
Republic of Korea
19.41%
India
12.90%
Cayman Islands
11.05%
China
9.12%
Other
23.40%
Sectors
XEM
Information Technology
36.76%
Financials
18.45%
Consumer Discretionary
8.74%
Other
36.05%
FLEM
Information Technology
36.13%
Financials
18.46%
Consumer Discretionary
8.88%
Industrials
7.21%
Other
29.32%
As of June 17, 2026
Top 10 Holdings
XEM
TWN SEMICONT MAN
14.17%
SAMSUNG ELECTR
6.01%
SK HYNIX
4.04%
TENCENT HOLDINGS
3.25%
ALIBABA GROUP HOLDING LTD
2.36%
DELTA ELECTRONIC
1.14%
MEDIATEK INC
1.07%
CHINA CONSTRUCTION BANK
0.92%
HDFC BANK
0.79%
RELIANCE INDUSTRIES
0.78%
FLEM
TWN SEMICONT MAN
14.57%
SAMSUNG ELECTR
6.04%
SK HYNIX
3.96%
TENCENT HOLDINGS
3.20%
ALIBABA GROUP HOLDING LTD
2.54%
DELTA ELECTRONIC
1.05%
MEDIATEK INC
0.98%
CHINA CONSTRUCTION BANK
0.92%
HDFC BANK
0.80%
INTERNATIONAL HOLDINGS COMPANY
0.76%
Diversification
XEM
Total weight of top 10 holdings out of 1,211 total
34.54%
FLEM
Total weight of top 10 holdings out of 1,160 total
34.82%
Characteristics
Compare
XEM
FLEM
| Provider | iShares | Franklin Templeton |
| Management | Passively managed | Passively managed |
| Benchmark | MSCI Emerging Markets Index - USD | Solactive GBS Emerging Markets Large & Mid Cap CAD Index NTR - CAD |
| Replication Method | Direct (Physical) | |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 1.48% | 1.29% |
| Meets ESG criteria | No | No |
| Inception Date | June 18, 2009 | January 29, 2018 |
Frequently asked questions about XEM and FLEM
Which ETF has performed better year to date: XEM or FLEM?
As of June 17, 2026, XEM has returned 28.67% year to date, while FLEM has returned 29.76%. FLEM is ahead on YTD performance.
Which ETF is larger by assets under management: XEM or FLEM?
As of June 17, 2026, XEM manages $457.31 M in assets, while FLEM manages $59.65 M. XEM is the larger fund by AUM.
How are XEM and FLEM managed?
XEM is passively managed by iShares. It tracks the MSCI Emerging Markets Index - USD benchmark. FLEM is passively managed by Franklin Templeton. It tracks the Solactive GBS Emerging Markets Large & Mid Cap CAD Index NTR - CAD benchmark.
What sectors do XEM and FLEM emphasize?
XEM is most exposed to Information Technology, Financials, and Consumer Discretionary. FLEM is most exposed to Information Technology, Financials, and Consumer Discretionary.
Which ETF is attracting more investor flows: XEM or FLEM?
Year to date, XEM has seen +$139.34 M in net flows, compared with +$8.46 M for FLEM. XEM has attracted more net investor money so far.
How do the fees of XEM and FLEM compare?
XEM has an expense ratio of 0.83%, while FLEM has an expense ratio of 0.17%.
What are the top holdings of XEM and FLEM?
XEM's largest holdings include TWN SEMICONT MAN and SAMSUNG ELECTR. FLEM's top holdings include TWN SEMICONT MAN and SAMSUNG ELECTR.
Which ETF is more diversified: XEM or FLEM?
XEM holds 1095 securities, while FLEM holds 1030. On holdings count, XEM is the more diversified portfolio.
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