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Compare iShares MSCI Emerging Markets Index ETF (XEM) vs Mackenzie Emerging Markets Equity Index ETF (QEE) to find the best fit for your portfolio. XEM provides Technology, Finance, and Non-Energy Materials exposures, while QEE is primarily weighted in Technology, Finance, and Industrials. When evaluating costs, XEM features a management fee (MER) of 0.82%, compared to 0.22% for QEE. Performance-wise, XEM has returned 25.93% year-to-date with +$202 M in net flows, whereas QEE is at 24.5% with +$192 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
QEE
| AuM | $510.44 M | $348.06 M |
| Management Fees | 0.82% | 0.22% |
| Exp. ratio | 0.80% | 0.27% |
| Tracking Difference | - | 0.23% |
Historical performance and flows
As of September 11, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | XEM | +3.26% | -0.14% | +25.93% | +32.03% | +87.18% |
QEE | +2.59% | +2.31% | +24.50% | +32.25% | +82.23% | |
| Flows | XEM | +$13 M | +$55 M | +$202 M | +$206 M | +$142 M |
QEE | +$97 M | +$92 M | +$192 M | +$204 M | +$248 M |
XEM vs QEE exposure
Countries
XEM
Taiwan
25.85%
China
20.37%
Republic of Korea
17.67%
India
12.29%
Other
23.82%
QEE
Taiwan
25.19%
China
21.37%
Republic of Korea
17.46%
India
12.91%
Other
23.07%
Sectors
XEM
Technology
41.61%
Finance
22.75%
Other
35.65%
QEE
Technology
40.78%
Finance
21.48%
Industrials
7.51%
Other
30.23%
As of September 11, 2026
Top 10 Holdings
XEM
Taiwan Semiconductor Manufacturing Co., Ltd.
14.87%
Samsung Electronics Co., Ltd.
5.99%
SK hynix, Inc.
4.52%
Tencent Holdings Ltd.
3.29%
Alibaba Group Holding Ltd.
2.12%
MediaTek, Inc.
1.28%
China Construction Bank Corp.
0.89%
Delta Electronics, Inc.
0.82%
HDFC Bank Ltd.
0.78%
Hon Hai Precision Industry Co., Ltd.
0.77%
QEE
Taiwan Semiconductor Manufacturing Co., Ltd.
13.64%
Samsung Electronics Co., Ltd.
5.67%
SK hynix, Inc.
4.20%
Tencent Holdings Ltd.
3.14%
Alibaba Group Holding Ltd.
2.16%
MediaTek, Inc.
1.24%
China Construction Bank Corp.
0.95%
Delta Electronics, Inc.
0.78%
HDFC Bank Ltd.
0.75%
Hon Hai Precision Industry Co., Ltd.
0.73%
Diversification
XEM
Total weight of top 10 holdings out of 1,179 total
35.32%
QEE
Total weight of top 10 holdings out of 1,440 total
33.24%
Characteristics
Compare
XEM
QEE
| Provider | iShares | Mackenzie Investments |
| 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 | 1.44% | 1.64% |
| Meets ESG criteria | No | No |
| Inception Date | June 18, 2009 | February 8, 2022 |
Frequently asked questions about XEM and QEE
Which ETF has performed better year to date: XEM or QEE?
As of September 11, 2026, XEM has returned 25.93% year to date, while QEE has returned 24.50%. XEM is ahead on YTD performance.
Which ETF is larger by assets under management: XEM or QEE?
As of September 11, 2026, XEM manages $510.44 M in assets, while QEE manages $348.06 M. XEM is the larger fund by AUM.
How are XEM and QEE managed?
XEM is passively managed by iShares. It tracks the MSCI Emerging Markets Index - USD benchmark. QEE is passively managed by Mackenzie Investments. It tracks the Solactive GBS Emerging Markets Large & Mid Cap CAD Index NTR - CAD benchmark.
What sectors do XEM and QEE emphasize?
XEM is most exposed to Technology, Finance, and Non-Energy Materials. QEE is most exposed to Technology, Finance, and Industrials.
Which ETF is attracting more investor flows: XEM or QEE?
Year to date, XEM has seen +$202.35 M in net flows, compared with +$191.93 M for QEE. XEM has attracted more net investor money so far.
How do the fees of XEM and QEE compare?
XEM has an expense ratio of 0.80%, while QEE has an expense ratio of 0.27%.
What are the top holdings of XEM and QEE?
XEM's largest holdings include Taiwan Semiconductor Manufacturing Co., Ltd., Samsung Electronics Co., Ltd., and SK hynix, Inc.. QEE's top holdings include Taiwan Semiconductor Manufacturing Co., Ltd., Samsung Electronics Co., Ltd., and SK hynix, Inc..
Which ETF is more diversified: XEM or QEE?
XEM holds 1122 securities, while QEE holds 1354. On holdings count, QEE is the more diversified portfolio.
Recent articles about XEM and QEE
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