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Compare BMO MSCI Emerging Markets Index ETF (ZEM) vs Global X MSCI Emerging Markets Index ETF (EMMX) to find the best fit for your portfolio. ZEM and EMMX provide the same top sector exposures: Technology, Finance, and Non-Energy Materials. When evaluating costs, ZEM features a management fee (MER) of 0.25%, compared to 0.25% for EMMX. Performance-wise, ZEM has returned 25.76% year-to-date with +$940 M in net flows, whereas EMMX is at 23.13% with -$14 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
ZEM
EMMX
| AuM | $3,644.65 M | $112.45 M |
| Management Fees | 0.25% | 0.25% |
| Exp. ratio | 0.27% | 0.28% |
| Tracking Difference | -1.19% | -1.13% |
Historical performance and flows
As of September 18, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZEM | +2.66% | -5.34% | +25.76% | +30.64% | +90.23% |
EMMX | +1.38% | -3.72% | +23.13% | +28.68% | - | |
| Flows | ZEM | +$121 M | +$229 M | +$940 M | +$1,188 M | +$1,260 M |
EMMX | +$5 M | +$4 M | -$14 M | -$8 M | - |
ZEM vs EMMX exposure
Countries
ZEM
Taiwan
25.86%
China
20.39%
Republic of Korea
17.68%
India
12.30%
Other
23.77%
EMMX
Taiwan
25.86%
China
20.39%
Republic of Korea
17.68%
India
12.30%
Other
23.77%
Sectors
ZEM
Technology
41.63%
Finance
22.76%
Other
35.60%
EMMX
Technology
41.63%
Finance
22.76%
Other
35.60%
As of September 18, 2026
Top 10 Holdings
ZEM
Taiwan Semiconductor Manufacturing Co., Ltd.
14.88%
Samsung Electronics Co., Ltd.
5.99%
SK hynix, Inc.
4.52%
Tencent Holdings Ltd.
3.29%
Alibaba Group Holding Ltd.
2.12%
MediaTek, Inc.
1.28%
China Construction Bank Corp.
0.89%
Delta Electronics, Inc.
0.82%
HDFC Bank Ltd.
0.78%
Hon Hai Precision Industry Co., Ltd.
0.77%
EMMX
Taiwan Semiconductor Manufacturing Co., Ltd.
14.88%
Samsung Electronics Co., Ltd.
5.99%
SK hynix, Inc.
4.52%
Tencent Holdings Ltd.
3.29%
Alibaba Group Holding Ltd.
2.12%
MediaTek, Inc.
1.28%
China Construction Bank Corp.
0.89%
Delta Electronics, Inc.
0.82%
HDFC Bank Ltd.
0.78%
Hon Hai Precision Industry Co., Ltd.
0.77%
Diversification
ZEM
Total weight of top 10 holdings out of 1,179 total
35.34%
EMMX
Total weight of top 10 holdings out of 1,179 total
35.34%
Characteristics
Compare
ZEM
EMMX
| Provider | BMO | Global X |
| Management | Passively managed | Passively managed |
| Benchmark | MSCI Emerging Markets Net Total Return Index - CAD | MSCI Emerging Markets Net Total Return Index - USD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 1.78% | 0.88% |
| Meets ESG criteria | No | No |
| Inception Date | October 20, 2009 | May 15, 2024 |
Frequently asked questions about ZEM and EMMX
Which ETF has performed better year to date: ZEM or EMMX?
As of September 18, 2026, ZEM has returned 25.76% year to date, while EMMX has returned 23.13%. ZEM is ahead on YTD performance.
Which ETF is larger by assets under management: ZEM or EMMX?
As of September 18, 2026, ZEM manages $3.64 B in assets, while EMMX manages $112.45 M. ZEM is the larger fund by AUM.
How are ZEM and EMMX managed?
ZEM is passively managed by BMO. It tracks the MSCI Emerging Markets Net Total Return Index - CAD benchmark. EMMX is passively managed by Global X. It tracks the MSCI Emerging Markets Net Total Return Index - USD benchmark.
What sectors do ZEM and EMMX emphasize?
ZEM is most exposed to Technology, Finance, and Non-Energy Materials. EMMX is most exposed to Technology, Finance, and Non-Energy Materials.
Which ETF is attracting more investor flows: ZEM or EMMX?
Year to date, ZEM has seen +$939.95 M in net flows, compared with -$14.00 M for EMMX. ZEM has attracted more net investor money so far.
How do the fees of ZEM and EMMX compare?
ZEM has an expense ratio of 0.27%, while EMMX has an expense ratio of 0.28%.
What are the top holdings of ZEM and EMMX?
ZEM's largest holdings include Taiwan Semiconductor Manufacturing Co., Ltd., Samsung Electronics Co., Ltd., and SK hynix, Inc.. EMMX's top holdings include Taiwan Semiconductor Manufacturing Co., Ltd., Samsung Electronics Co., Ltd., and SK hynix, Inc..
Which ETF is more diversified: ZEM or EMMX?
ZEM holds 1122 securities, while EMMX holds 1122. On holdings count, ZEM is the more diversified portfolio.
Recent articles about ZEM and EMMX
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