A side-by-side comparison of BMO MSCI Emerging Markets Index ETF (ZEM) and ESGE (ESGE) to help Canadian investors make an informed decision.
1-Year Performance
Normalised to 100 at the start — shows relative return over the trailing 12 months.
Head-to-Head Comparison
| Metric | ZEM | ESGE |
|---|---|---|
| YTD Return | +14.00% | +25.89%✓ |
| 1-Day Change | -1.32% | +15.33%✓ |
| 1-Week Change | +1.16% | +14.99%✓ |
| 1-Month Change | -8.43% | +14.29%✓ |
| Current Price | $31.51 | $50.86 |
| AUM | $3.54B | — |
| MER (Expense Ratio) | — | — |
| Dividend Yield | 1.73% | — |
| Distribution Frequency | Annually | — |
| Inception Date | 2009-10-20 | — |
| Holdings Count | 8 | — |
| MorningStar Rating | — | — |
| Category | Emerging Markets Equity | — |
| Beta | 0.97 | — |
| 52-Week High | $36.49 | — |
| 52-Week Low | $25.92 | — |
| 50-Day MA | $33.46 | — |
| 200-Day MA | $31.88 | — |
✓ marks the better value for return/yield/AUM metrics. Lower ✓ for MER.
Annualised Returns
| Period | ZEM | ESGE |
|---|---|---|
| YTD | +14.00% | +25.89%✓ |
| 1 Year | +15.06% | — |
| 3 Year | +22.93% | — |
| 5 Year | +9.19% | — |
| 10 Year | +8.38% | — |
| 1Y Volatility | 20.08% | — |
| Sharpe Ratio (3Y) | 1.39 | — |
Past performance is not a guarantee of future results.
Sector Weights
| Sector | ZEM | ESGE |
|---|---|---|
| Basic Materials | 5.42% | — |
| Communication Services | 5.69% | — |
| Consumer Cyclicals | 7.34% | — |
| Consumer Defensive | 2.41% | — |
| Energy | 3.54% | — |
| Financial Services | 19.51% | — |
| Healthcare | 2.88% | — |
| Industrials | 6.01% | — |
| Real Estate | 0.85% | — |
| Technology | 44.63% | — |
| Utilities | 1.67% | — |
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…
About ESGE
ESGE (ESGE.TO) is a Canadian-listed ETF traded on the TO. More detailed information will be available soon.
Which ETF is Right for You?
Both ZEM and ESGE 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, ESGE 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 ZEM and ESGE?
ZEM (BMO MSCI Emerging Markets Index ETF) and ESGE (ESGE) are both Canadian-listed ETFs. Key differences include their AUM ($3.54B vs —), dividend yield (1.73% vs N/A), and year-to-date performance (+14.00% vs +25.89%).
Is ZEM better than ESGE?
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 ZEM and ESGE on Wealthsimple?
Most Canadian-listed ETFs are available on Wealthsimple Trade commission-free. Both ZEM and ESGE should be accessible. Check Wealthsimple's supported tickers list to confirm availability.
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