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Compare BMO Low Volatility Emerging Markets Equity ETF (ZLE) vs Desjardins Emerging Markets Equity Index ETF (DMEE) to find the best fit for your portfolio. ZLE provides Technology, Finance, and Consumer Non-Cyclicals exposures, while DMEE is primarily weighted in Technology, Finance, and Industrials. When evaluating costs, ZLE features a management fee (MER) of 0.45%, compared to 0.25% for DMEE. Performance-wise, ZLE has returned 26.96% year-to-date with +$5 M in net flows, whereas DMEE is at 16.87% with +$341 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
ZLE
DMEE
| AuM | $95.90 M | $962.18 M |
| Management Fees | 0.45% | 0.25% |
| Exp. ratio | 0.49% | 0.28% |
| Tracking Difference | - | -0.57% |
Historical performance and flows
As of October 20, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZLE | -5.78% | +3.25% | +26.96% | +25.45% | +83.15% |
DMEE | -7.30% | -1.04% | +16.87% | +16.08% | - | |
| Flows | ZLE | +$0 M | -$3 M | +$5 M | +$5 M | -$10 M |
DMEE | +$44 M | +$76 M | +$341 M | +$399 M | - |
ZLE vs DMEE exposure
Countries
ZLE
Taiwan
27.99%
Republic of Korea
20.25%
China
17.77%
India
11.15%
Other
22.84%
DMEE
Taiwan
26.76%
Republic of Korea
19.81%
China
19.49%
India
11.97%
Other
21.98%
Sectors
ZLE
Technology
39.01%
Finance
18.89%
Consumer Non-Cyclicals
8.59%
Healthcare
7.22%
Other
26.29%
DMEE
Technology
43.27%
Finance
20.74%
Industrials
7.21%
Non-Energy Materials
7.02%
Other
21.76%
As of October 20, 2026
Top 10 Holdings
ZLE
Taiwan Semiconductor Manufacturing Co., Ltd.
6.96%
SK hynix, Inc.
5.22%
Samsung Electronics Co., Ltd.
4.79%
Samsung Electro-Mechanics Co., Ltd.
2.10%
Tencent Holdings Ltd.
1.91%
Samsung Electronics Co., Ltd.
1.89%
Saudi Telecom Co.
1.77%
Yageo Corp.
1.49%
MediaTek, Inc.
1.49%
Global Unichip Corp.
1.46%
DMEE
Taiwan Semiconductor Manufacturing Co., Ltd.
13.77%
Samsung Electronics Co., Ltd.
6.73%
SK hynix, Inc.
5.23%
Tencent Holdings Ltd.
2.71%
Alibaba Group Holding Ltd.
2.02%
MediaTek, Inc.
1.38%
China Construction Bank Corp.
0.86%
Samsung Electronics Co., Ltd.
0.82%
Delta Electronics, Inc.
0.78%
Hon Hai Precision Industry Co., Ltd.
0.71%
Diversification
ZLE
Total weight of top 10 holdings out of 1,189 total
29.07%
DMEE
Total weight of top 10 holdings out of 1,007 total
35.01%
Characteristics
Compare
ZLE
DMEE
| Provider | BMO | Desjardins Investments |
| Management | Actively managed | Passively managed |
| Benchmark | - | Solactive GBS Emerging Markets Large & Mid Cap CAD Index NTR - CAD |
| Replication Method | - | Direct (Physical) |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 2.47% | 1.62% |
| Meets ESG criteria | No | No |
| Inception Date | May 17, 2016 | February 27, 2025 |
Frequently asked questions about ZLE and DMEE
Which ETF has performed better year to date: ZLE or DMEE?
As of October 20, 2026, ZLE has returned 26.96% year to date, while DMEE has returned 16.87%. ZLE is ahead on YTD performance.
Which ETF is larger by assets under management: ZLE or DMEE?
As of October 20, 2026, ZLE manages $95.90 M in assets, while DMEE manages $962.18 M. DMEE is the larger fund by AUM.
How are ZLE and DMEE managed?
ZLE is actively managed by BMO. It does not track an index. DMEE is passively managed by Desjardins Investments. It tracks the Solactive GBS Emerging Markets Large & Mid Cap CAD Index NTR - CAD benchmark.
What sectors do ZLE and DMEE emphasize?
ZLE is most exposed to Technology, Finance, and Consumer Non-Cyclicals. DMEE is most exposed to Technology, Finance, and Industrials.
Which ETF is attracting more investor flows: ZLE or DMEE?
Year to date, ZLE has seen +$5.28 M in net flows, compared with +$340.53 M for DMEE. DMEE has attracted more net investor money so far.
How do the fees of ZLE and DMEE compare?
ZLE has an expense ratio of 0.49%, while DMEE has an expense ratio of 0.28%.
What are the top holdings of ZLE and DMEE?
ZLE's largest holdings include Taiwan Semiconductor Manufacturing Co., Ltd., Samsung Electronics Co., Ltd., and SK hynix, Inc.. DMEE's top holdings include Taiwan Semiconductor Manufacturing Co., Ltd., Samsung Electronics Co., Ltd., and SK hynix, Inc..
Which ETF is more diversified: ZLE or DMEE?
ZLE holds 1124 securities, while DMEE holds 980. On holdings count, ZLE is the more diversified portfolio.
Recent articles about ZLE and DMEE
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