VS
Compare iShares Edge MSCI Min Vol Emerging Markets Index ETF (XMM) vs BMO Low Volatility Emerging Markets Equity ETF (ZLE) to find the best fit for your portfolio. XMM provides Technology, Finance, and Telecommunications exposures, while ZLE is primarily weighted in Technology, Finance, and Consumer Non-Cyclicals. When evaluating costs, XMM features a management fee (MER) of 0.79%, compared to 0.45% for ZLE. Performance-wise, XMM has returned 17.15% year-to-date with +$7 M in net flows, whereas ZLE is at 27.51% with +$5 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
XMM
ZLE
| AuM | $116.49 M | $96.31 M |
| Management Fees | 0.79% | 0.45% |
| Exp. ratio | 0.42% | 0.49% |
| Tracking Difference | -1.14% | - |
Historical performance and flows
As of October 16, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | XMM | -1.26% | +2.07% | +17.15% | +14.56% | +51.73% |
ZLE | -5.38% | +3.69% | +27.51% | +25.99% | +82.33% | |
| Flows | XMM | -$2 M | -$2 M | +$7 M | +$8 M | +$26 M |
ZLE | +$0 M | -$3 M | +$5 M | +$5 M | -$10 M |
XMM vs ZLE exposure
Countries
XMM
Taiwan
22.24%
China
19.44%
India
16.39%
Republic of Korea
15.39%
Other
26.54%
ZLE
Taiwan
27.99%
Republic of Korea
20.25%
China
17.77%
India
11.15%
Other
22.84%
Sectors
XMM
Technology
32.29%
Finance
20.84%
Telecommunications
10.41%
Other
36.46%
ZLE
Technology
39.01%
Finance
18.89%
Consumer Non-Cyclicals
8.59%
Healthcare
7.22%
Other
26.29%
As of October 16, 2026
Top 10 Holdings
XMM
Samsung Electronics Co., Ltd.
1.60%
Tata Consultancy Services Ltd.
1.54%
United Microelectronics Corp.
1.52%
Samsung SDI Co., Ltd.
1.52%
Bank of China Ltd.
1.51%
Taiwan Semiconductor Manufacturing Co., Ltd.
1.50%
SK hynix, Inc.
1.48%
Samsung Electronics Co., Ltd.
1.45%
Saudi Arabian Oil Co.
1.43%
Delta Electronics, Inc.
1.34%
ZLE
Taiwan Semiconductor Manufacturing Co., Ltd.
6.96%
SK hynix, Inc.
5.22%
Samsung Electronics Co., Ltd.
4.79%
Samsung Electro-Mechanics Co., Ltd.
2.10%
Tencent Holdings Ltd.
1.91%
Samsung Electronics Co., Ltd.
1.89%
Saudi Telecom Co.
1.77%
Yageo Corp.
1.49%
MediaTek, Inc.
1.49%
Global Unichip Corp.
1.46%
Diversification
XMM
Total weight of top 10 holdings out of 294 total
14.88%
ZLE
Total weight of top 10 holdings out of 1,189 total
29.07%
Characteristics
Compare
XMM
ZLE
| Provider | iShares | BMO |
| Management | Passively managed | Actively managed |
| Benchmark | MSCI Emerging Markets Minimum Volatility Net Total Return Index - CAD | - |
| Replication Method | Other | - |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 2.00% | 2.46% |
| Meets ESG criteria | No | No |
| Inception Date | July 24, 2012 | May 17, 2016 |
Frequently asked questions about XMM and ZLE
Which ETF has performed better year to date: XMM or ZLE?
As of October 16, 2026, XMM has returned 17.15% year to date, while ZLE has returned 27.51%. ZLE is ahead on YTD performance.
Which ETF is larger by assets under management: XMM or ZLE?
As of October 16, 2026, XMM manages $116.49 M in assets, while ZLE manages $96.31 M. XMM is the larger fund by AUM.
How are XMM and ZLE managed?
XMM is passively managed by iShares. It tracks the MSCI Emerging Markets Minimum Volatility Net Total Return Index - CAD benchmark. ZLE is actively managed by BMO. It does not track an index.
What sectors do XMM and ZLE emphasize?
XMM is most exposed to Technology, Finance, and Telecommunications. ZLE is most exposed to Technology, Finance, and Consumer Non-Cyclicals.
Which ETF is attracting more investor flows: XMM or ZLE?
Year to date, XMM has seen +$6.55 M in net flows, compared with +$5.28 M for ZLE. XMM has attracted more net investor money so far.
How do the fees of XMM and ZLE compare?
XMM has an expense ratio of 0.42%, while ZLE has an expense ratio of 0.49%.
What are the top holdings of XMM and ZLE?
XMM's largest holdings include Samsung Electronics Co., Ltd., Tata Consultancy Services Ltd., and United Microelectronics Corp.. ZLE's top holdings include Taiwan Semiconductor Manufacturing Co., Ltd., Samsung Electronics Co., Ltd., and SK hynix, Inc..
Which ETF is more diversified: XMM or ZLE?
XMM holds 290 securities, while ZLE holds 1124. On holdings count, ZLE is the more diversified portfolio.
The ETF Market Canada is brought to you by Cboe in partnership with Trackinsight SA who is providing all the data, analysis and editorial content on this site. Unless explicitly stated as such, any information that you receive is not real-time.
All content on the ETF Market Canada is for your general information use only, Cboe is not responsible for any use of content by you outside this scope. In particular, the content does not constitute any form of advice, recommendation, representation, endorsement or arrangement by Cboe and is not intended to be relied upon by users in making (or refraining from making) any specific investment or other decisions.
All content on the ETF Market Canada is for your general information use only, Cboe is not responsible for any use of content by you outside this scope. In particular, the content does not constitute any form of advice, recommendation, representation, endorsement or arrangement by Cboe and is not intended to be relied upon by users in making (or refraining from making) any specific investment or other decisions.