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iShares Edge MSCI Min Vol EAFE Index ETF (XML) and BMO International Dividend ETF (ZDI) offer distinct profiles for Canadian ETF investors. A direct comparison shows that XML focuses its top 3 sector exposures on Finance, Consumer Non-Cyclicals, and Healthcare, while ZDI leans towards Finance, Industrials, and Consumer Non-Cyclicals. When evaluating costs, XML features a management fee (MER) of 0.35%, compared to 0.4% for ZDI. Performance-wise, XML has returned 11.26% year-to-date with +$13 M in net flows, whereas ZDI is at 15.8% with +$108 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
XML
ZDI
| AuM | $52.24 M | $938.23 M |
| Management Fees | 0.35% | 0.40% |
| Exp. ratio | 0.37% | 0.44% |
| Tracking Difference | - | - |
Historical performance and flows
As of September 1, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | XML | +1.32% | +6.50% | +11.26% | +16.04% | +51.21% |
ZDI | -1.87% | +4.45% | +15.80% | +25.10% | +68.17% | |
| Flows | XML | +$1 M | +$10 M | +$13 M | +$12 M | +$12 M |
ZDI | +$33 M | +$59 M | +$108 M | +$99 M | +$249 M |
XML vs ZDI exposure
Countries
XML
Japan
27.11%
Switzerland
10.32%
United Kingdom
10.10%
Other
52.47%
ZDI
Japan
20.47%
France
14.37%
United Kingdom
14.03%
Netherlands
7.60%
Switzerland
7.54%
Other
35.99%
Sectors
XML
Finance
23.12%
Consumer Non-Cyclicals
13.67%
Healthcare
11.55%
Industrials
10.81%
Energy
8.91%
Telecommunications
8.34%
Other
23.60%
ZDI
Finance
31.23%
Industrials
13.19%
Consumer Non-Cyclicals
8.96%
Healthcare
7.89%
Technology
7.06%
Other
31.67%
As of September 1, 2026
Top 10 Holdings
XML
SECOM Co., Ltd.
1.58%
Iberdrola SA
1.50%
Takeda Pharmaceutical Co., Ltd.
1.46%
Shell Plc
1.46%
DBS Group Holdings Ltd.
1.45%
Eni SpA
1.43%
Equinor ASA
1.42%
Novartis AG
1.40%
BOC Hong Kong (Holdings) Ltd.
1.37%
TotalEnergies SE
1.35%
ZDI
ASML Holding NV
3.15%
HSBC Holdings Plc
2.85%
Intesa Sanpaolo SpA
2.53%
Roche Holding AG
2.42%
TotalEnergies SE
2.26%
DBS Group Holdings Ltd.
2.26%
Enel SpA
2.10%
Shell Plc
2.06%
Siemens AG
2.02%
Imperial Brands Plc
1.98%
Diversification
XML
Total weight of top 10 holdings out of 254 total
14.42%
ZDI
Total weight of top 10 holdings out of 108 total
23.64%
Characteristics
Compare
XML
ZDI
| Provider | iShares | BMO |
| Management | Passively managed | Actively managed |
| Benchmark | MSCI EAFE Minimum Volatility 100% Hedged to CAD Net Total Return Index - CAD | - |
| Replication Method | ||
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 2.62% | 2.99% |
| Meets ESG criteria | No | No |
| Inception Date | April 5, 2016 | November 12, 2014 |
Frequently asked questions about XML and ZDI
Which ETF has performed better year to date: XML or ZDI?
As of September 1, 2026, XML has returned 11.26% year to date, while ZDI has returned 15.80%. ZDI is ahead on YTD performance.
Which ETF is larger by assets under management: XML or ZDI?
As of September 1, 2026, XML manages $52.24 M in assets, while ZDI manages $938.23 M. ZDI is the larger fund by AUM.
How are XML and ZDI managed?
XML is passively managed by iShares. It tracks the MSCI EAFE Minimum Volatility 100% Hedged to CAD Net Total Return Index - CAD benchmark. ZDI is actively managed by BMO. It does not track an index.
What sectors do XML and ZDI emphasize?
XML is most exposed to Finance, Consumer Non-Cyclicals, and Healthcare. ZDI is most exposed to Finance, Industrials, and Consumer Non-Cyclicals.
Which ETF is attracting more investor flows: XML or ZDI?
Year to date, XML has seen +$13.25 M in net flows, compared with +$108.09 M for ZDI. ZDI has attracted more net investor money so far.
How do the fees of XML and ZDI compare?
XML has an expense ratio of 0.37%, while ZDI has an expense ratio of 0.44%.
What are the top holdings of XML and ZDI?
XML's largest holdings include SECOM Co., Ltd., Iberdrola SA, and Takeda Pharmaceutical Co., Ltd.. ZDI's top holdings include Roche Holding AG, ASML Holding NV, and HSBC Holdings Plc.
Which ETF is more diversified: XML or ZDI?
XML holds 251 securities, while ZDI holds 107. On holdings count, XML is the more diversified portfolio.
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