VS
When evaluating costs, ZWE features a management fee (MER) of 0.65%, compared to 0.4% for ZEQ. Performance-wise, ZWE has returned 4.93% year-to-date with +$13 M in net flows, whereas ZEQ is at 6.75% with -$49 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
ZWE
ZEQ
| AuM | $749.22 M | $312.11 M |
| Management Fees | 0.65% | 0.40% |
| Exp. ratio | 0.72% | 0.45% |
| Tracking Difference | - | -3.02% |
Historical performance and flows
As of October 23, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZWE | -1.80% | -1.32% | +4.93% | +7.54% | +37.56% |
ZEQ | +0.77% | +1.07% | +6.75% | +6.59% | +30.28% | |
| Flows | ZWE | -$2 M | -$2 M | +$13 M | +$17 M | +$90 M |
ZEQ | +$3 M | -$3 M | -$49 M | -$58 M | -$435 M |
ZWE vs ZEQ exposure
Countries
ZWE
Exposure data will be available soon
ZEQ
Switzerland
25.42%
United Kingdom
25.18%
Germany
11.40%
France
11.06%
Netherlands
9.70%
Other
17.23%
Sectors
ZWE
Exposure data will be available soon
ZEQ
Healthcare
21.12%
Industrials
21.04%
Consumer Non-Cyclicals
14.33%
Technology
13.50%
Finance
11.48%
Consumer Cyclicals
7.84%
Other
10.69%
As of October 23, 2026
Top 10 Holdings
ZWE
Exposure data will be available soon
ZEQ
ASML Holding NV
5.52%
Roche Holding AG
4.79%
Novartis AG
4.76%
Nestlé SA
4.24%
AstraZeneca PLC
4.10%
SAP SE
3.62%
Novo Nordisk A/S
3.55%
ABB Ltd.
3.15%
Allianz SE
3.09%
Rolls-Royce Holdings Plc
3.06%
Diversification
ZWE
Exposure data will be available soon
ZEQ
Total weight of top 10 holdings out of 122 total
39.86%
Characteristics
Compare
ZWE
ZEQ
| Provider | BMO | BMO |
| Management | Actively managed | Passively managed |
| Benchmark | - | MSCI Europe Quality 100% Hedged to CAD Net Total Return Index - CAD |
| Replication Method | - | Direct (Physical) |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 6.85% | 1.63% |
| Meets ESG criteria | No | No |
| Inception Date | September 9, 2015 | February 10, 2014 |
Frequently asked questions about ZWE and ZEQ
Which ETF has performed better year to date: ZWE or ZEQ?
As of October 23, 2026, ZWE has returned 4.93% year to date, while ZEQ has returned 6.75%. ZEQ is ahead on YTD performance.
Which ETF is larger by assets under management: ZWE or ZEQ?
As of October 23, 2026, ZWE manages $749.22 M in assets, while ZEQ manages $312.11 M. ZWE is the larger fund by AUM.
How are ZWE and ZEQ managed?
ZWE is actively managed by BMO. It does not track an index. ZEQ is passively managed by BMO. It tracks the MSCI Europe Quality 100% Hedged to CAD Net Total Return Index - CAD benchmark.
Which ETF is attracting more investor flows: ZWE or ZEQ?
Year to date, ZWE has seen +$13.19 M in net flows, compared with -$49.12 M for ZEQ. ZWE has attracted more net investor money so far.
How do the fees of ZWE and ZEQ compare?
ZWE has an expense ratio of 0.72%, while ZEQ has an expense ratio of 0.45%.
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All content on the ETF Market Canada is for your general information use only, Cboe is not responsible for any use of content by you outside this scope. In particular, the content does not constitute any form of advice, recommendation, representation, endorsement or arrangement by Cboe and is not intended to be relied upon by users in making (or refraining from making) any specific investment or other decisions.