VS
BMO International Dividend ETF (ZDI) and Vanguard FTSE Developed All Cap ex U.S. Index ETF (VEF) offer distinct profiles for Canadian ETF investors. A direct comparison shows that ZDI focuses its top 3 sector exposures on Finance, Industrials, and Consumer Non-Cyclicals, while VEF leans towards Finance, Technology, and Industrials. When evaluating costs, ZDI features a management fee (MER) of 0.4%, compared to 0.2% for VEF. Performance-wise, ZDI has returned 15.71% year-to-date with +$121 M in net flows, whereas VEF is at 15.85% with +$165 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
ZDI
VEF
| AuM | $950.51 M | $1,320.85 M |
| Management Fees | 0.40% | 0.20% |
| Exp. ratio | 0.44% | 0.22% |
| Tracking Difference | - | -1.48% |
Historical performance and flows
As of September 18, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZDI | -0.48% | +1.70% | +15.71% | +22.92% | +67.53% |
VEF | -0.89% | -2.38% | +15.85% | +24.50% | +69.48% | |
| Flows | ZDI | +$36 M | +$68 M | +$121 M | +$155 M | +$264 M |
VEF | +$12 M | +$47 M | +$165 M | +$198 M | +$356 M |
ZDI vs VEF exposure
Countries
ZDI
Japan
20.47%
France
14.37%
United Kingdom
14.03%
Netherlands
7.60%
Switzerland
7.54%
Other
35.99%
VEF
Japan
20.49%
United Kingdom
10.79%
Canada
10.37%
Republic of Korea
7.84%
Switzerland
7.28%
Other
43.24%
Sectors
ZDI
Finance
31.23%
Industrials
13.19%
Consumer Non-Cyclicals
8.96%
Healthcare
7.89%
Technology
7.06%
Other
31.67%
VEF
Finance
27.71%
Technology
14.81%
Industrials
14.74%
Non-Energy Materials
8.06%
Healthcare
7.53%
Other
27.16%
As of September 18, 2026
Top 10 Holdings
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%
VEF
Samsung Electronics Co., Ltd.
2.47%
ASML Holding NV
1.95%
SK hynix, Inc.
1.93%
HSBC Holdings Plc
1.12%
Roche Holding AG
0.94%
Royal Bank of Canada
0.90%
Novartis AG
0.90%
Nestlé SA
0.79%
Shell Plc
0.79%
AstraZeneca PLC
0.78%
Diversification
ZDI
Total weight of top 10 holdings out of 108 total
23.64%
VEF
Total weight of top 10 holdings out of 3,875 total
12.58%
Characteristics
Compare
ZDI
VEF
| Provider | BMO | Vanguard |
| Management | Actively managed | Passively managed |
| Benchmark | - | FTSE Developed All Cap ex US Hedged to CAD Net Tax (US RIC) Index - CAD |
| Replication Method | ||
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 3.00% | 2.15% |
| Meets ESG criteria | No | No |
| Inception Date | November 12, 2014 | November 30, 2011 |
Frequently asked questions about ZDI and VEF
Which ETF has performed better year to date: ZDI or VEF?
As of September 18, 2026, ZDI has returned 15.71% year to date, while VEF has returned 15.85%. VEF is ahead on YTD performance.
Which ETF is larger by assets under management: ZDI or VEF?
As of September 18, 2026, ZDI manages $950.51 M in assets, while VEF manages $1.32 B. VEF is the larger fund by AUM.
How are ZDI and VEF managed?
ZDI is actively managed by BMO. It does not track an index. VEF is passively managed by Vanguard. It tracks the FTSE Developed All Cap ex US Hedged to CAD Net Tax (US RIC) Index - CAD benchmark.
What sectors do ZDI and VEF emphasize?
ZDI is most exposed to Finance, Industrials, and Consumer Non-Cyclicals. VEF is most exposed to Finance, Technology, and Industrials.
Which ETF is attracting more investor flows: ZDI or VEF?
Year to date, ZDI has seen +$121.16 M in net flows, compared with +$164.78 M for VEF. VEF has attracted more net investor money so far.
How do the fees of ZDI and VEF compare?
ZDI has an expense ratio of 0.44%, while VEF has an expense ratio of 0.22%.
What are the top holdings of ZDI and VEF?
ZDI's largest holdings include Roche Holding AG, ASML Holding NV, and HSBC Holdings Plc. VEF's top holdings include Samsung Electronics Co., Ltd., ASML Holding NV, and SK hynix, Inc..
Which ETF is more diversified: ZDI or VEF?
ZDI holds 107 securities, while VEF holds 3807. On holdings count, VEF is the more diversified portfolio.
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