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Compare iShares MSCI Emerging Markets ex China Index ETF (CA) (XEMC) vs Franklin Emerging Markets Equity Index ETF (FLEM) to find the best fit for your portfolio. XEMC provides Technology, Finance, and Non-Energy Materials exposures, while FLEM is primarily weighted in Technology, Finance, and Industrials. When evaluating costs, XEMC features a management fee (MER) of 0.3%, compared to 0.15% for FLEM. Performance-wise, XEMC has returned 37.76% year-to-date with +$65 M in net flows, whereas FLEM is at 22.82% with +$18 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
XEMC
FLEM
| AuM | $143.89 M | $65.50 M |
| Management Fees | 0.30% | 0.15% |
| Exp. ratio | 0.31% | 0.17% |
| Tracking Difference | - | -0.45% |
Historical performance and flows
As of September 2, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | XEMC | +1.82% | -4.59% | +37.76% | +59.96% | +107.41% |
FLEM | +1.52% | -4.58% | +22.82% | +35.16% | +83.93% | |
| Flows | XEMC | -$1 M | +$36 M | +$65 M | +$69 M | +$105 M |
FLEM | +$9 M | +$14 M | +$18 M | +$26 M | +$47 M |
XEMC vs FLEM exposure
Countries
XEMC
Taiwan
33.46%
Republic of Korea
22.87%
India
15.94%
Other
27.73%
FLEM
Taiwan
25.39%
Republic of Korea
20.92%
China
18.00%
India
12.77%
Other
22.91%
Sectors
XEMC
Technology
45.68%
Finance
23.06%
Non-Energy Materials
7.21%
Other
24.06%
FLEM
Technology
42.70%
Finance
22.01%
Other
35.29%
As of September 2, 2026
Top 10 Holdings
XEMC
Taiwan Semiconductor Manufacturing Co., Ltd.
19.25%
Samsung Electronics Co., Ltd.
7.75%
SK hynix, Inc.
5.84%
MediaTek, Inc.
1.65%
Delta Electronics, Inc.
1.06%
HDFC Bank Ltd.
1.02%
Hon Hai Precision Industry Co., Ltd.
0.99%
Samsung Electronics Co., Ltd.
0.96%
Reliance Industries Ltd.
0.94%
ICICI Bank Ltd.
0.90%
FLEM
Taiwan Semiconductor Manufacturing Co., Ltd.
14.60%
Samsung Electronics Co., Ltd.
6.74%
SK hynix, Inc.
5.86%
Tencent Holdings Ltd.
2.95%
Alibaba Group Holding Ltd.
2.16%
MediaTek, Inc.
1.38%
China Construction Bank Corp.
0.90%
Delta Electronics, Inc.
0.89%
Samsung Electronics Co., Ltd.
0.83%
Hon Hai Precision Industry Co., Ltd.
0.79%
Diversification
XEMC
Total weight of top 10 holdings out of 603 total
40.37%
FLEM
Total weight of top 10 holdings out of 1,159 total
37.10%
Characteristics
Compare
XEMC
FLEM
| Provider | iShares | Franklin Templeton |
| Management | Passively managed | Passively managed |
| Benchmark | MSCI Emerging Markets ex China NTR Index - USD | Solactive GBS Emerging Markets Large & Mid Cap CAD Index NTR - CAD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 1.72% | 1.35% |
| Meets ESG criteria | No | No |
| Inception Date | February 7, 2023 | January 29, 2018 |
Frequently asked questions about XEMC and FLEM
Which ETF has performed better year to date: XEMC or FLEM?
As of September 2, 2026, XEMC has returned 37.76% year to date, while FLEM has returned 22.82%. XEMC is ahead on YTD performance.
Which ETF is larger by assets under management: XEMC or FLEM?
As of September 2, 2026, XEMC manages $143.89 M in assets, while FLEM manages $65.50 M. XEMC is the larger fund by AUM.
How are XEMC and FLEM managed?
XEMC is passively managed by iShares. It tracks the MSCI Emerging Markets ex China NTR 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 XEMC and FLEM emphasize?
XEMC is most exposed to Technology, Finance, and Non-Energy Materials. FLEM is most exposed to Technology, Finance, and Industrials.
Which ETF is attracting more investor flows: XEMC or FLEM?
Year to date, XEMC has seen +$65.34 M in net flows, compared with +$17.76 M for FLEM. XEMC has attracted more net investor money so far.
How do the fees of XEMC and FLEM compare?
XEMC has an expense ratio of 0.31%, while FLEM has an expense ratio of 0.17%.
What are the top holdings of XEMC and FLEM?
XEMC's largest holdings include Taiwan Semiconductor Manufacturing Co., Ltd., Samsung Electronics Co., Ltd., and SK hynix, Inc.. FLEM's top holdings include Taiwan Semiconductor Manufacturing Co., Ltd., Samsung Electronics Co., Ltd., and SK hynix, Inc..
Which ETF is more diversified: XEMC or FLEM?
XEMC holds 595 securities, while FLEM holds 1103. On holdings count, FLEM is the more diversified portfolio.
Recent articles about XEMC and FLEM
Reasons to Start 2023 with Encouragement - Year End ETF Review and Outlook
In the ETF world, positive flows were sustained throughout 2022 and a wide range of new products were launched, even with all the volatility in the marketplace. A 2022 year in ETF review offers some encouragement to ETF investors.
Posted on 3/9/2023 by Franklin Templeton inETFs
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