VS
iShares MSCI USA Minimum Volatility Index ETF (XMU) and CIBC MSCI Emerging Markets Equity Index ETF (CEMI) offer distinct profiles for Canadian ETF investors. A direct comparison shows that XMU focuses its top 3 sector exposures on Information Technology, Health Care, and Financials, while CEMI leans towards Information Technology, Financials, and Consumer Discretionary. When evaluating costs, XMU features a management fee (MER) of 0.3%, compared to 0.22% for CEMI. Performance-wise, XMU has returned 4.04% year-to-date with -$59 M in net flows, whereas CEMI is at 22.04% with -$8 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
XMU
CEMI
| AuM | $330.27 M | $203.36 M |
| Management Fees | 0.30% | 0.22% |
| Exp. ratio | 0.33% | 0.28% |
| Tracking Difference | -0.08% | 0.35% |
Historical performance and flows
As of June 11, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | XMU | +4.19% | +3.56% | +4.04% | +6.62% | +41.91% |
CEMI | -0.99% | +13.96% | +22.04% | +43.01% | +81.96% | |
| Flows | XMU | -$33 M | -$50 M | -$59 M | -$47 M | -$118 M |
CEMI | -$11 M | -$15 M | -$8 M | +$48 M | +$79 M |
XMU vs CEMI exposure
Countries
XMU
USA
93.64%
CEMI
USA
94.37%
Sectors
XMU
Information Technology
30.32%
Health Care
12.68%
Financials
11.63%
Consumer Staples
9.95%
Utilities
7.61%
Other
27.80%
CEMI
Information Technology
32.01%
Financials
11.73%
Consumer Discretionary
9.79%
Communication Services
9.76%
Health Care
9.44%
Industrials
8.26%
Other
19.02%
As of June 11, 2026
Top 10 Holdings
XMU
CISCO-T
1.80%
NVIDIA
1.64%
EXXON
1.60%
MICROSOFT-T
1.56%
DUKE ENERGY
1.55%
SOUTHERN
1.53%
AMPHENOL
1.50%
CHUBB LTD
1.49%
VERIZON COMMUNICATIONS
1.49%
WASTE MANAGEMENT
1.47%
CEMI
NVIDIA
10.60%
INTEL-T
4.36%
APPLIED MATERIAL
3.81%
US5128073062
3.73%
VERIZON COMMUNICATIONS
3.35%
TESLA
3.35%
WALT DISNEY
3.18%
TEXAS INSTRUMENTS
3.13%
COCA-COLA
2.40%
HOME DEPOT
2.19%
Diversification
XMU
Total weight of top 10 holdings out of 170 total
15.64%
CEMI
Total weight of top 10 holdings out of 146 total
40.10%
Characteristics
Compare
XMU
CEMI
| Provider | iShares | CIBC |
| Management | Passively managed | Passively managed |
| Benchmark | MSCI USA Minimum Volatility Net Total Return Index - CAD | MSCI Emerging Markets Net Total Return Index - CAD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 1.12% | 1.29% |
| Meets ESG criteria | No | No |
| Inception Date | July 24, 2012 | September 16, 2021 |
Frequently asked questions about XMU and CEMI
Which ETF has performed better year to date: XMU or CEMI?
As of June 11, 2026, XMU has returned 4.04% year to date, while CEMI has returned 22.04%. CEMI is ahead on YTD performance.
Which ETF is larger by assets under management: XMU or CEMI?
As of June 11, 2026, XMU manages $330.27 M in assets, while CEMI manages $203.36 M. XMU is the larger fund by AUM.
How are XMU and CEMI managed?
XMU is passively managed by iShares. It tracks the MSCI USA Minimum Volatility Net Total Return Index - CAD benchmark. CEMI is passively managed by CIBC. It tracks the MSCI Emerging Markets Net Total Return Index - CAD benchmark.
What sectors do XMU and CEMI emphasize?
XMU is most exposed to Information Technology, Health Care, and Financials. CEMI is most exposed to Information Technology, Financials, and Consumer Discretionary.
Which ETF is attracting more investor flows: XMU or CEMI?
Year to date, XMU has seen -$59.33 M in net flows, compared with -$7.98 M for CEMI. CEMI has attracted more net investor money so far.
How do the fees of XMU and CEMI compare?
XMU has an expense ratio of 0.33%, while CEMI has an expense ratio of 0.28%.
What are the top holdings of XMU and CEMI?
XMU's largest holdings include CISCO-T and NVIDIA. CEMI's top holdings include NVIDIA and INTEL-T.
Which ETF is more diversified: XMU or CEMI?
XMU holds 165 securities, while CEMI holds 136. On holdings count, XMU is the more diversified portfolio.
Recent articles about XMU and CEMI
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.