VS
iShares MSCI World Index ETF (XWD) and AGF Systematic Global ESG Factors ETF (QEF) offer distinct profiles for Canadian ETF investors. A direct comparison shows that XWD focuses its top 3 sector exposures on Technology, Finance, and Industrials, while QEF leans towards Technology, Finance, and Industrials. When evaluating costs, XWD features a management fee (MER) of 0.44%, compared to 0.45% for QEF. Performance-wise, XWD has returned 12.75% year-to-date with +$70 M in net flows, whereas QEF is at 11.06% with -$7 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
XWD
QEF
| AuM | $1,731.26 M | $112.58 M |
| Management Fees | 0.44% | 0.45% |
| Exp. ratio | 0.48% | 0.45% |
| Tracking Difference | - | - |
Historical performance and flows
As of October 29, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | XWD | -2.32% | +0.42% | +12.75% | +11.95% | +82.62% |
QEF | -2.41% | +1.95% | +11.06% | +10.00% | +69.93% | |
| Flows | XWD | -$31 M | +$12 M | +$70 M | +$108 M | +$275 M |
QEF | -$0 M | -$1 M | -$7 M | -$10 M | -$44 M |
XWD vs QEF exposure
Countries
XWD
USA
70.81%
Other
29.19%
QEF
USA
60.11%
Other
39.89%
Sectors
XWD
Technology
37.90%
Finance
17.39%
Industrials
9.26%
Healthcare
8.88%
Consumer Non-Cyclicals
8.22%
Other
18.35%
QEF
Technology
38.85%
Finance
21.39%
Industrials
8.02%
Healthcare
7.90%
Consumer Non-Cyclicals
7.25%
Other
16.58%
As of October 29, 2026
Top 10 Holdings
XWD
US4642872000
72.45%
US4642874659
23.99%
CA46428D1087
3.40%
Space Exploration Technologies Corp.
0.10%
QEF
NVIDIA Corp.
6.19%
Apple, Inc.
5.01%
Microsoft Corp.
4.11%
Alphabet, Inc.
2.68%
Taiwan Semiconductor Manufacturing Co., Ltd.
2.49%
Amazon.com, Inc.
2.37%
Broadcom Inc.
2.00%
SK hynix, Inc.
1.57%
Mastercard, Inc.
1.42%
Alphabet, Inc.
1.37%
Diversification
XWD
Total weight of top 10 holdings out of 1,222 total
99.94%
QEF
Total weight of top 10 holdings out of 132 total
29.20%
Characteristics
Compare
XWD
QEF
| Provider | iShares | AGF |
| Management | Passively managed | Actively managed |
| Benchmark | MSCI World Daily Total Return Net Index - USD | - |
| Replication Method | Direct (Physical) | - |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 1.20% | 1.16% |
| Meets ESG criteria | No | Yes |
| Inception Date | June 18, 2009 | February 12, 2018 |
Frequently asked questions about XWD and QEF
Which ETF has performed better year to date: XWD or QEF?
As of October 29, 2026, XWD has returned 12.75% year to date, while QEF has returned 11.06%. XWD is ahead on YTD performance.
Which ETF is larger by assets under management: XWD or QEF?
As of October 29, 2026, XWD manages $1.73 B in assets, while QEF manages $112.58 M. XWD is the larger fund by AUM.
How are XWD and QEF managed?
XWD is passively managed by iShares. It tracks the MSCI World Daily Total Return Net Index - USD benchmark. QEF is actively managed by AGF. It does not track an index.
What sectors do XWD and QEF emphasize?
XWD is most exposed to Technology, Finance, and Industrials. QEF is most exposed to Technology, Finance, and Industrials.
Which ETF is attracting more investor flows: XWD or QEF?
Year to date, XWD has seen +$69.91 M in net flows, compared with -$7.14 M for QEF. XWD has attracted more net investor money so far.
How do the fees of XWD and QEF compare?
XWD has an expense ratio of 0.48%, while QEF has an expense ratio of 0.45%.
What are the top holdings of XWD and QEF?
XWD's largest holdings include Space Exploration Technologies Corp.. QEF's top holdings include NVIDIA Corp., Apple, Inc., and Microsoft Corp..
Which ETF is more diversified: XWD or QEF?
XWD holds 2 securities, while QEF holds 130. On holdings count, QEF is the more diversified portfolio.
Recent articles about XWD and QEF
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.