Compare BMO MSCI EAFE Index ETF (ZEA) vs Global X MSCI EAFE Index ETF (EAFX) to find the best fit for your portfolio. ZEA and EAFX provide the same top sector exposures: Finance, Industrials, and Technology. When evaluating costs, ZEA features a management fee (MER) of 0.2%, compared to 0.2% for EAFX. Performance-wise, ZEA has returned 12.78% year-to-date with +$877 M in net flows, whereas EAFX is at 10.83% with +$38 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
ZEA
EAFX
| AuM | $13,474.41 M | $186.77 M |
| Management Fees | 0.20% | 0.20% |
| Exp. ratio | 0.22% | 0.22% |
| Tracking Difference | -0.84% | -0.25% |
Historical performance and flows
As of September 15, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZEA | -2.57% | +0.34% | +12.78% | +17.11% | +65.30% |
EAFX | -3.00% | +0.89% | +10.83% | +16.07% | - | |
| Flows | ZEA | +$107 M | +$810 M | +$877 M | +$995 M | +$2,750 M |
EAFX | +$5 M | +$8 M | +$38 M | -$62 M | - |
ZEA vs EAFX exposure
Countries
ZEA
Japan
24.83%
United Kingdom
13.79%
Switzerland
9.29%
France
8.17%
Germany
8.11%
Australia
7.07%
Other
28.75%
EAFX
Japan
24.83%
United Kingdom
13.79%
Switzerland
9.29%
France
8.17%
Germany
8.11%
Australia
7.07%
Other
28.75%
Sectors
ZEA
Finance
27.47%
Industrials
16.39%
Technology
11.86%
Healthcare
9.39%
Consumer Non-Cyclicals
8.10%
Non-Energy Materials
7.46%
Other
19.34%
EAFX
Finance
27.47%
Industrials
16.39%
Technology
11.86%
Healthcare
9.39%
Consumer Non-Cyclicals
8.10%
Non-Energy Materials
7.46%
Other
19.34%
As of September 15, 2026
Top 10 Holdings
ZEA
ASML Holding NV
2.51%
HSBC Holdings Plc
1.42%
Roche Holding AG
1.20%
Novartis AG
1.12%
Nestlé SA
1.03%
AstraZeneca PLC
1.01%
Shell Plc
0.98%
Siemens AG
0.94%
Mitsubishi UFJ Financial Group, Inc.
0.92%
BHP Group Ltd.
0.82%
EAFX
ASML Holding NV
2.51%
HSBC Holdings Plc
1.42%
Roche Holding AG
1.20%
Novartis AG
1.12%
Nestlé SA
1.03%
AstraZeneca PLC
1.01%
Shell Plc
0.98%
Siemens AG
0.94%
Mitsubishi UFJ Financial Group, Inc.
0.92%
BHP Group Ltd.
0.82%
Diversification
ZEA
Total weight of top 10 holdings out of 2,608 total
11.96%
EAFX
Total weight of top 10 holdings out of 2,608 total
11.96%
Characteristics
Compare
ZEA
EAFX
| Provider | BMO | Global X |
| Management | Passively managed | Passively managed |
| Benchmark | MSCI EAFE Net Total Return Index - CAD | MSCI EAFE Net Total Return Index - USD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 1.92% | 2.55% |
| Meets ESG criteria | No | No |
| Inception Date | February 10, 2014 | May 15, 2024 |
Frequently asked questions about ZEA and EAFX
Which ETF has performed better year to date: ZEA or EAFX?
As of September 15, 2026, ZEA has returned 12.78% year to date, while EAFX has returned 10.83%. ZEA is ahead on YTD performance.
Which ETF is larger by assets under management: ZEA or EAFX?
As of September 15, 2026, ZEA manages $13.47 B in assets, while EAFX manages $186.77 M. ZEA is the larger fund by AUM.
How are ZEA and EAFX managed?
ZEA is passively managed by BMO. It tracks the MSCI EAFE Net Total Return Index - CAD benchmark. EAFX is passively managed by Global X. It tracks the MSCI EAFE Net Total Return Index - USD benchmark.
What sectors do ZEA and EAFX emphasize?
ZEA is most exposed to Finance, Industrials, and Technology. EAFX is most exposed to Finance, Industrials, and Technology.
Which ETF is attracting more investor flows: ZEA or EAFX?
Year to date, ZEA has seen +$876.97 M in net flows, compared with +$38.13 M for EAFX. ZEA has attracted more net investor money so far.
How do the fees of ZEA and EAFX compare?
ZEA has an expense ratio of 0.22%, while EAFX has an expense ratio of 0.22%.
What are the top holdings of ZEA and EAFX?
ZEA's largest holdings include ASML Holding NV, HSBC Holdings Plc, and Roche Holding AG. EAFX's top holdings include ASML Holding NV, HSBC Holdings Plc, and Roche Holding AG.
Which ETF is more diversified: ZEA or EAFX?
ZEA holds 2596 securities, while EAFX holds 2596. On holdings count, ZEA is the more diversified portfolio.
Recent articles about ZEA and EAFX
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