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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 and QEE 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 0.22% for QEE. Performance-wise, XEM has returned 26.36% year-to-date with +$142 M in net flows, whereas QEE is at 21.69% with +$100 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 | $451.73 M | $251.37 M |
| Management Fees | 0.82% | 0.22% |
| Exp. ratio | 0.83% | 0.27% |
| Tracking Difference | - | -0.50% |
Historical performance and flows
As of June 11, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | XEM | +5.06% | +22.20% | +26.36% | +48.33% | +87.30% |
QEE | -0.45% | +13.88% | +21.69% | +42.61% | +78.83% | |
| Flows | XEM | +$4 M | +$72 M | +$142 M | +$129 M | +$54 M |
QEE | +$1 M | +$85 M | +$100 M | +$112 M | +$159 M |
XEM vs QEE exposure
Countries
XEM
Taiwan
24.39%
Republic of Korea
18.63%
India
11.98%
Cayman Islands
11.63%
China
10.12%
Other
23.26%
QEE
Taiwan
24.11%
Republic of Korea
18.50%
India
12.36%
Cayman Islands
11.28%
China
10.91%
Other
22.84%
Sectors
XEM
Information Technology
36.76%
Financials
18.45%
Consumer Discretionary
8.74%
Other
36.05%
QEE
Information Technology
35.78%
Financials
17.45%
Consumer Discretionary
9.16%
Industrials
7.39%
Other
30.22%
As of June 11, 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%
QEE
TWN SEMICONT MAN
13.24%
SAMSUNG ELECTR
5.72%
SK HYNIX
3.83%
TENCENT HOLDINGS
3.05%
ALIBABA GROUP HOLDING LTD
2.39%
DELTA ELECTRONIC
1.11%
MEDIATEK INC
1.00%
CHINA CONSTRUCTION BANK
0.88%
HDFC BANK
0.76%
RELIANCE INDUSTRIES
0.74%
Diversification
XEM
Total weight of top 10 holdings out of 1,211 total
34.54%
QEE
Total weight of top 10 holdings out of 1,458 total
32.71%
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 | 1.51% | 1.34% |
| 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 June 11, 2026, XEM has returned 26.36% year to date, while QEE has returned 21.69%. XEM is ahead on YTD performance.
Which ETF is larger by assets under management: XEM or QEE?
As of June 11, 2026, XEM manages $451.73 M in assets, while QEE manages $251.37 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 Information Technology, Financials, and Consumer Discretionary. QEE is most exposed to Information Technology, Financials, and Consumer Discretionary.
Which ETF is attracting more investor flows: XEM or QEE?
Year to date, XEM has seen +$142.03 M in net flows, compared with +$99.61 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 0.83%, while QEE has an expense ratio of 0.27%.
What are the top holdings of XEM and QEE?
XEM's largest holdings include TWN SEMICONT MAN and SAMSUNG ELECTR. QEE's top holdings include TWN SEMICONT MAN and SAMSUNG ELECTR.
Which ETF is more diversified: XEM or QEE?
XEM holds 1095 securities, while QEE holds 1307. On holdings count, QEE is the more diversified portfolio.
Recent articles about XEM and QEE
Energy Funds Surge as Oil Prices Remain Firm
Energy funds gained 4.2% as Cushing oil storage depleted, driven by global supply cuts and increased U.S. demand.
Posted on 10/3/2023 by ETF Market Canada inOil & Gas
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