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iShares MSCI Europe IMI Index ETF (XEU) and BMO Market+ International Equity Fund (ZMPI) offer distinct profiles for Canadian ETF investors. A direct comparison shows that XEU focuses its top 3 sector exposures on Finance, Industrials, and Healthcare, while ZMPI leans towards Finance, Industrials, and Healthcare. When evaluating costs, XEU features a management fee (MER) of 0.25%, compared to 0.25% for ZMPI. 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
XEU
ZMPI
| AuM | $686.95 M | $1.46 M |
| Management Fees | 0.25% | 0.25% |
| Exp. ratio | 0.28% | 0.25% |
| Tracking Difference | -0.15% | - |
Historical performance and flows
As of September 15, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | XEU | -3.42% | -0.78% | +9.40% | +14.85% | +63.41% |
ZMPI | -2.54% | - | - | - | - | |
| Flows | XEU | +$4 M | +$21 M | +$36 M | +$43 M | +$208 M |
ZMPI | +$0 M | - | - | - | - |
XEU vs ZMPI exposure
Countries
XEU
United Kingdom
22.11%
Switzerland
14.84%
France
13.09%
Germany
12.98%
Netherlands
9.32%
Other
27.65%
ZMPI
Japan
23.15%
United Kingdom
14.93%
France
11.14%
Switzerland
9.30%
Netherlands
7.27%
Germany
7.16%
Other
27.06%
Sectors
XEU
Finance
25.88%
Industrials
17.19%
Healthcare
11.92%
Technology
9.83%
Consumer Non-Cyclicals
8.57%
Other
26.60%
ZMPI
Finance
29.10%
Industrials
17.29%
Healthcare
11.02%
Consumer Non-Cyclicals
10.74%
Technology
9.67%
Other
22.19%
As of September 15, 2026
Top 10 Holdings
XEU
ASML Holding NV
4.03%
HSBC Holdings Plc
2.29%
Roche Holding AG
1.93%
Novartis AG
1.80%
Nestlé SA
1.65%
AstraZeneca PLC
1.62%
Shell Plc
1.57%
Siemens AG
1.51%
Banco Santander SA
1.27%
Allianz SE
1.18%
ZMPI
ASML Holding NV
3.74%
HSBC Holdings Plc
3.23%
Novartis AG
2.38%
AstraZeneca PLC
2.24%
Rolls-Royce Holdings Plc
2.15%
Roche Holding AG
2.07%
DBS Group Holdings Ltd.
1.98%
UniCredit SpA
1.97%
ING Groep NV
1.87%
Safran SA
1.87%
Diversification
XEU
Total weight of top 10 holdings out of 1,192 total
18.84%
ZMPI
Total weight of top 10 holdings out of 2,608 total
23.50%
Characteristics
Compare
XEU
ZMPI
| Provider | iShares | BMO |
| Management | Passively managed | Actively managed |
| Benchmark | MSCI Europe IMI Net Total Return Index - CAD | - |
| Replication Method | ||
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 2.70% | - |
| Meets ESG criteria | No | No |
| Inception Date | April 15, 2014 | June 23, 2026 |
Frequently asked questions about XEU and ZMPI
Which ETF is larger by assets under management: XEU or ZMPI?
As of September 15, 2026, XEU manages $686.95 M in assets, while ZMPI manages $1.46 M. XEU is the larger fund by AUM.
How are XEU and ZMPI managed?
XEU is passively managed by iShares. It tracks the MSCI Europe IMI Net Total Return Index - CAD benchmark. ZMPI is actively managed by BMO. It does not track an index.
What sectors do XEU and ZMPI emphasize?
XEU is most exposed to Finance, Industrials, and Healthcare. ZMPI is most exposed to Finance, Industrials, and Healthcare.
How do the fees of XEU and ZMPI compare?
XEU has an expense ratio of 0.28%, while ZMPI has an expense ratio of 0.25%.
What are the top holdings of XEU and ZMPI?
XEU's largest holdings include ASML Holding NV, HSBC Holdings Plc, and Roche Holding AG. ZMPI's top holdings include ASML Holding NV, HSBC Holdings Plc, and Novartis AG.
Which ETF is more diversified: XEU or ZMPI?
XEU holds 1180 securities, while ZMPI holds 2596. On holdings count, ZMPI is the more diversified portfolio.
Recent articles about XEU and ZMPI
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