A side-by-side comparison of Vanguard FTSE Emerging Markets All Cap Index ETF (VEE) and BMO MSCI Emerging Markets Index ETF (ZEM) to help Canadian investors make an informed decision.
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1-Year Performance
Normalised to 100 at the start — shows relative return over the trailing 12 months.
Head-to-Head Comparison
| Metric | VEE | ZEM |
|---|---|---|
| YTD Return | +10.28% | +18.85%✓ |
| 1-Day Change | -1.83%✓ | -3.44% |
| 1-Week Change | -2.46%✓ | -4.89% |
| 1-Month Change | +0.95%✓ | -2.95% |
| Current Price | $50.01 | $32.85 |
| AUM | $4.32B✓ | $3.50B |
| MER (Expense Ratio) | 0% | 0% |
| Dividend Yield | 1.81%✓ | 1.73% |
| Distribution Frequency | Quarterly | Annually |
| Inception Date | 2011-11-30 | 2009-10-20 |
| Holdings Count | 1 | 8 |
| MorningStar Rating | ★★★ | ★★★★ |
| Category | Emerging Markets Equity | Emerging Markets Equity |
| Beta | 0.64 | 0.97 |
| 52-Week High | $52.34 | $36.49 |
| 52-Week Low | $40.07 | $23.38 |
| 50-Day MA | $49.88 | $33.63 |
| 200-Day MA | $47.03 | $29.72 |
✓ marks the better value for return/yield/AUM metrics. Lower ✓ for MER.
Annualised Returns
| Period | VEE | ZEM |
|---|---|---|
| YTD | +10.28% | +18.85%✓ |
| 1 Year | +27.36% | +49.55%✓ |
| 3 Year | +17.90% | +23.87%✓ |
| 5 Year | +7.31% | +9.65%✓ |
| 10 Year | +9.20% | +11.11%✓ |
| 1Y Volatility | 12.00% | 19.52% |
| Sharpe Ratio (3Y) | 1.33 | 1.35 |
Past performance is not a guarantee of future results.
Top 10 Holdings
| 1 | VWO | Vanguard FTSE Emerging Markets Index Fund ETF Shares | 100.00% |
| 1 | 2330 | Taiwan Semiconductor Manufacturing Co. Ltd. | 13.83% |
| 2 | 005930 | Samsung Electronics Co Ltd | 7.73% |
| 3 | 000660 | SK Hynix Inc | 6.16% |
| 4 | EEM | iShares MSCI Emerging Markets ETF | 3.37% |
| 5 | 0700 | Tencent Holdings Ltd | 2.82% |
| 6 | 9988 | Alibaba Group Holding Ltd | 1.98% |
| 7 | 2454 | MediaTek Inc | 1.53% |
| 8 | 2308 | Delta Electronics Inc | 1.06% |
Sector Weights
| Sector | VEE | ZEM |
|---|---|---|
| Basic Materials | 8.38% | 6.03% |
| Communication Services | 7.77% | 6.42% |
| Consumer Cyclicals | 11.23% | 9.44% |
| Consumer Defensive | 3.88% | 2.89% |
| Energy | 4.74% | 3.68% |
| Financial Services | 20.51% | 18.68% |
| Healthcare | 4.11% | 2.58% |
| Industrials | 7.88% | 7.11% |
| Real Estate | 2.27% | 0.79% |
| Technology | 26.25% | 40.60% |
| Utilities | 2.96% | 1.79% |
About VEE
Vanguard FTSE Emerging Markets All Cap Index ETF (VEE.TO) is a Canadian-listed ETF traded on the Toronto Stock Exchange. More detailed information will be available soon.
About ZEM
The BMO MSCI Emerging Markets Index ETF has been designed to replicate, to the extent possible, the performance of the MSCI Emerging Markets Index, net of expenses. The Fund invests in emerging markets equity. The Manager may use a sampling methodology in selecting investments for the Fund. The Fund may also invest in or hold securities intended to replicate the performance of the Index. In addition, as ZEM may hold other underlying ETFs, the management fees charged are reduced by the management…
Which ETF is Right for You?
Both VEE and ZEM are listed on Canadian exchanges and accessible through most Canadian brokerages including Questrade, Wealthsimple Trade, TD Direct, and Interactive Brokers.
Based on the available data, VEE scores higher across our tracked metrics including YTD performance, dividend yield, and AUM — though both ETFs warrant individual research before investing.
- Consider your account type (TFSA, RRSP, non-registered) as it can affect dividend taxation.
- Compare management expense ratios (MER) directly on each provider's website.
- Look at average daily trading volume to assess liquidity.
- Review the fund's underlying index and holdings to ensure the exposure matches your goals.
This is not financial advice. Always do your own research or consult a licensed financial advisor before investing.
Frequently Asked Questions
What is the difference between VEE and ZEM?
VEE (Vanguard FTSE Emerging Markets All Cap Index ETF) and ZEM (BMO MSCI Emerging Markets Index ETF) are both Canadian-listed ETFs. Key differences include their AUM ($4.32B vs $3.50B), dividend yield (1.81% vs 1.73%), and year-to-date performance (+10.28% vs +18.85%).
Is VEE better than ZEM?
There is no single "better" ETF — it depends on your investment goals. If you prioritise dividends, compare both yields and choose based on your income needs. Always review the fund's prospectus and consider your tax situation.
Can I buy VEE and ZEM on Wealthsimple?
Most Canadian-listed ETFs are available on Wealthsimple Trade commission-free. Both VEE and ZEM should be accessible. Check Wealthsimple's supported tickers list to confirm availability.
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