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Compare BMO MSCI EAFE Hedged to CAD Index ETF (ZDM) vs BMO MSCI EAFE Index ETF (ZEA) to find the best fit for your portfolio. ZDM and ZEA 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 ZEA. Performance-wise, ZDM has returned 14.53% year-to-date with +$229 M in net flows, whereas ZEA is at 14.75% with +$783 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
ZEA
| AuM | $1,995.71 M | $13,614.94 M |
| Management Fees | 0.20% | 0.20% |
| Exp. ratio | 0.22% | 0.22% |
| Tracking Difference | -0.37% | -0.14% |
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% |
ZEA | +1.52% | +5.40% | +14.75% | +20.22% | +70.97% | |
| Flows | ZDM | +$35 M | +$91 M | +$229 M | +$423 M | +$836 M |
ZEA | +$199 M | +$893 M | +$783 M | +$1,463 M | +$2,713 M |
ZDM vs ZEA 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%
ZEA
Japan
25.36%
United Kingdom
13.27%
Switzerland
9.34%
France
8.11%
Germany
8.00%
Other
35.93%
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%
ZEA
Finance
26.11%
Industrials
16.39%
Technology
13.77%
Healthcare
9.41%
Consumer Non-Cyclicals
7.90%
Non-Energy Materials
7.54%
Other
18.88%
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%
ZEA
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.
0.84%
Diversification
ZDM
Total weight of top 10 holdings out of 2,616 total
12.37%
ZEA
Total weight of top 10 holdings out of 2,616 total
12.28%
Characteristics
Compare
ZDM
ZEA
| Provider | BMO | BMO |
| Management | Passively managed | Passively managed |
| Benchmark | MSCI EAFE 100% Hedged to CAD Net Total Return Index - CAD | MSCI EAFE Net Total Return Index - CAD |
| Replication Method | Direct (Physical) | |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 1.87% | 1.88% |
| Meets ESG criteria | No | No |
| Inception Date | October 20, 2009 | February 10, 2014 |
Frequently asked questions about ZDM and ZEA
Which ETF has performed better year to date: ZDM or ZEA?
As of August 21, 2026, ZDM has returned 14.53% year to date, while ZEA has returned 14.75%. ZEA is ahead on YTD performance.
Which ETF is larger by assets under management: ZDM or ZEA?
As of August 21, 2026, ZDM manages $2.00 B in assets, while ZEA manages $13.61 B. ZEA is the larger fund by AUM.
How are ZDM and ZEA managed?
ZDM is passively managed by BMO. It tracks the MSCI EAFE 100% Hedged to CAD Net Total Return Index - CAD benchmark. ZEA is passively managed by BMO. It tracks the MSCI EAFE Net Total Return Index - CAD benchmark.
What sectors do ZDM and ZEA emphasize?
ZDM is most exposed to Finance, Industrials, and Technology. ZEA is most exposed to Finance, Industrials, and Technology.
Which ETF is attracting more investor flows: ZDM or ZEA?
Year to date, ZDM has seen +$229.10 M in net flows, compared with +$783.05 M for ZEA. ZEA has attracted more net investor money so far.
How do the fees of ZDM and ZEA compare?
ZDM has an expense ratio of 0.22%, while ZEA has an expense ratio of 0.22%.
What are the top holdings of ZDM and ZEA?
ZDM's largest holdings include ASML Holding NV, HSBC Holdings Plc, and Roche Holding AG. ZEA's top holdings include ASML Holding NV, HSBC Holdings Plc, and Roche Holding AG.
Which ETF is more diversified: ZDM or ZEA?
ZDM holds 2592 securities, while ZEA holds 2592. On holdings count, ZDM is the more diversified portfolio.
Recent articles about ZDM and ZEA
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