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Compare BMO MSCI EAFE Hedged to CAD Index ETF (ZDM) vs Mackenzie International Equity Index ETF (QDX) to find the best fit for your portfolio. ZDM and QDX provide the same top sector exposures: Finance, Industrials, and Technology. When evaluating costs, ZDM features a management fee (MER) of 0.2%, compared to 0.17% for QDX. Performance-wise, ZDM has returned 14.53% year-to-date with +$229 M in net flows, whereas QDX is at 14.46% with +$199 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
ZDM
QDX
| AuM | $1,995.71 M | $1,747.24 M |
| Management Fees | 0.20% | 0.17% |
| Exp. ratio | 0.22% | 0.19% |
| Tracking Difference | -0.37% | -0.39% |
Historical performance and flows
As of August 20, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZDM | +1.71% | +5.36% | +14.53% | +21.65% | +65.91% |
QDX | +2.75% | +6.60% | +14.46% | +20.08% | +72.83% | |
| Flows | ZDM | +$35 M | +$91 M | +$229 M | +$423 M | +$836 M |
QDX | +$10 M | +$86 M | +$199 M | +$276 M | +$593 M |
ZDM vs QDX exposure
Countries
ZDM
Japan
25.54%
United Kingdom
13.36%
Switzerland
9.41%
France
8.17%
Germany
8.06%
Australia
7.01%
Other
28.45%
QDX
Japan
25.94%
United Kingdom
13.31%
Switzerland
9.21%
Germany
8.08%
France
7.99%
Australia
7.03%
Other
28.44%
Sectors
ZDM
Finance
26.30%
Industrials
16.51%
Technology
13.87%
Healthcare
9.48%
Consumer Non-Cyclicals
7.96%
Non-Energy Materials
7.59%
Other
18.29%
QDX
Finance
26.68%
Industrials
16.03%
Technology
13.08%
Healthcare
10.09%
Consumer Non-Cyclicals
8.41%
Non-Energy Materials
7.00%
Other
18.72%
As of August 20, 2026
Top 10 Holdings
ZDM
ASML Holding NV
3.05%
HSBC Holdings Plc
1.30%
Roche Holding AG
1.16%
Novartis AG
1.15%
AstraZeneca PLC
1.13%
Nestlé SA
1.06%
Siemens AG
0.95%
Shell Plc
0.87%
Tokyo Electron Ltd.
0.85%
Mitsubishi UFJ Financial Group, Inc.
0.84%
QDX
ASML Holding NV
3.19%
HSBC Holdings Plc
1.48%
Roche Holding AG
1.34%
AstraZeneca PLC
1.29%
Novartis AG
1.29%
Nestlé SA
1.22%
Mitsubishi UFJ Financial Group, Inc.
1.02%
Siemens AG
1.01%
Shell Plc
0.98%
Tokyo Electron Ltd.
0.95%
Diversification
ZDM
Total weight of top 10 holdings out of 2,616 total
12.37%
QDX
Total weight of top 10 holdings out of 897 total
13.77%
Characteristics
Compare
ZDM
QDX
| Provider | BMO | Mackenzie Investments |
| Management | Passively managed | Passively managed |
| Benchmark | MSCI EAFE 100% Hedged to CAD Net Total Return Index - CAD | Solactive GBS Developed Markets ex North America Large & Mid Cap CAD NTR Index - CAD |
| Replication Method | Direct (Physical) | |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 1.87% | 2.33% |
| Meets ESG criteria | No | No |
| Inception Date | October 20, 2009 | January 29, 2018 |
Frequently asked questions about ZDM and QDX
Which ETF has performed better year to date: ZDM or QDX?
As of August 20, 2026, ZDM has returned 14.53% year to date, while QDX has returned 14.46%. ZDM is ahead on YTD performance.
Which ETF is larger by assets under management: ZDM or QDX?
As of August 20, 2026, ZDM manages $2.00 B in assets, while QDX manages $1.75 B. ZDM is the larger fund by AUM.
How are ZDM and QDX managed?
ZDM is passively managed by BMO. It tracks the MSCI EAFE 100% Hedged to CAD Net Total Return Index - CAD benchmark. QDX is passively managed by Mackenzie Investments. It tracks the Solactive GBS Developed Markets ex North America Large & Mid Cap CAD NTR Index - CAD benchmark.
What sectors do ZDM and QDX emphasize?
ZDM is most exposed to Finance, Industrials, and Technology. QDX is most exposed to Finance, Industrials, and Technology.
Which ETF is attracting more investor flows: ZDM or QDX?
Year to date, ZDM has seen +$229.10 M in net flows, compared with +$199.42 M for QDX. ZDM has attracted more net investor money so far.
How do the fees of ZDM and QDX compare?
ZDM has an expense ratio of 0.22%, while QDX has an expense ratio of 0.19%.
What are the top holdings of ZDM and QDX?
ZDM's largest holdings include ASML Holding NV, HSBC Holdings Plc, and Roche Holding AG. QDX's top holdings include ASML Holding NV, HSBC Holdings Plc, and Roche Holding AG.
Which ETF is more diversified: ZDM or QDX?
ZDM holds 2592 securities, while QDX holds 879. On holdings count, ZDM is the more diversified portfolio.
Recent articles about ZDM and QDX
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