VS
Compare BMO MSCI EAFE Hedged to CAD Index ETF (ZDM) vs iShares Core MSCI EAFE IMI Index ETF (XEF) to find the best fit for your portfolio. ZDM and XEF provide the same top sector exposures: Finance, Industrials, and Technology. When evaluating costs, ZDM features a management fee (MER) of 0.2%, compared to 0.2% for XEF. Performance-wise, ZDM has returned 14.53% year-to-date with +$229 M in net flows, whereas XEF is at 14.77% with +$5 B. 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
XEF
| AuM | $1,995.71 M | $23,569.47 M |
| Management Fees | 0.20% | 0.20% |
| Exp. ratio | 0.22% | 0.23% |
| Tracking Difference | -0.37% | 0.01% |
Historical performance and flows
As of August 21, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZDM | +1.71% | +5.36% | +14.53% | +21.65% | +65.91% |
XEF | +1.85% | +5.82% | +14.77% | +20.29% | +72.63% | |
| Flows | ZDM | +$35 M | +$91 M | +$229 M | +$423 M | +$836 M |
XEF | +$629 M | +$1,812 M | +$4,708 M | +$6,795 M | +$11,521 M |
ZDM vs XEF 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%
XEF
Japan
25.29%
United Kingdom
13.28%
Switzerland
9.30%
France
8.11%
Germany
7.99%
Other
36.02%
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%
XEF
Finance
26.05%
Industrials
16.38%
Technology
13.72%
Healthcare
9.40%
Consumer Non-Cyclicals
7.88%
Non-Energy Materials
7.52%
Other
19.05%
As of August 21, 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%
XEF
ASML Holding NV
3.03%
HSBC Holdings Plc
1.29%
Roche Holding AG
1.15%
Novartis AG
1.14%
AstraZeneca PLC
1.12%
Nestlé SA
1.05%
Siemens AG
0.95%
Shell Plc
0.87%
Tokyo Electron Ltd.
0.84%
Mitsubishi UFJ Financial Group, Inc.
0.83%
Diversification
ZDM
Total weight of top 10 holdings out of 2,616 total
12.37%
XEF
Total weight of top 10 holdings out of 2,657 total
12.27%
Characteristics
Compare
ZDM
XEF
| Provider | BMO | iShares |
| Management | Passively managed | Passively managed |
| Benchmark | MSCI EAFE 100% Hedged to CAD Net Total Return Index - CAD | MSCI EAFE IMI Net Total Return Index - CAD |
| Replication Method | ||
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 1.87% | 2.31% |
| Meets ESG criteria | No | No |
| Inception Date | October 20, 2009 | April 10, 2013 |
Frequently asked questions about ZDM and XEF
Which ETF has performed better year to date: ZDM or XEF?
As of August 21, 2026, ZDM has returned 14.53% year to date, while XEF has returned 14.77%. XEF is ahead on YTD performance.
Which ETF is larger by assets under management: ZDM or XEF?
As of August 21, 2026, ZDM manages $2.00 B in assets, while XEF manages $23.57 B. XEF is the larger fund by AUM.
How are ZDM and XEF managed?
ZDM is passively managed by BMO. It tracks the MSCI EAFE 100% Hedged to CAD Net Total Return Index - CAD benchmark. XEF is passively managed by iShares. It tracks the MSCI EAFE IMI Net Total Return Index - CAD benchmark.
What sectors do ZDM and XEF emphasize?
ZDM is most exposed to Finance, Industrials, and Technology. XEF is most exposed to Finance, Industrials, and Technology.
Which ETF is attracting more investor flows: ZDM or XEF?
Year to date, ZDM has seen +$229.10 M in net flows, compared with +$4,708.33 M for XEF. XEF has attracted more net investor money so far.
How do the fees of ZDM and XEF compare?
ZDM has an expense ratio of 0.22%, while XEF has an expense ratio of 0.23%.
What are the top holdings of ZDM and XEF?
ZDM's largest holdings include ASML Holding NV, HSBC Holdings Plc, and Roche Holding AG. XEF's top holdings include ASML Holding NV, HSBC Holdings Plc, and Roche Holding AG.
Which ETF is more diversified: ZDM or XEF?
ZDM holds 2592 securities, while XEF holds 2633. On holdings count, XEF is the more diversified portfolio.
Recent articles about ZDM and XEF
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