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Head-to-Head ETF Review

XEQT vs VEQT
for Canadian long-term investors

Both are one-ticket, all-equity portfolios. This page strips the noise and compares cost drag, regional mix, payout cadence, and practical investor fit so you can pick with confidence.

View Full Breakdown Go to XEQT Page
One-ticket global equity MER edge: XEQT VEQT has higher Canada tilt

At-a-Glance Numbers

VEQT values are based on Vanguard product data. XEQT values are based on Blackrock product data.

Total MER

XEQT 0.20%

VEQT 0.24%

Inception

XEQT Aug 2019

VEQT Jan 29, 2019

Net Assets

XEQT $14.9B

VEQT $4.32B

Distribution

XEQT Quarterly

VEQT Annual

Regional Allocation

Both portfolios are globally diversified. VEQT leans more into Canada and emerging markets, while XEQT is slightly heavier U.S. exposure.

XEQT XEQT Fact Sheet (2026)
United States45.1%
Canada24.9%
Intl Developed24.1%
Emerging Mkts5.9%
VEQT Vanguard Fact Sheet (2026)
United States43.49%
Canada30.20%
Developed ex NA19.26%
Emerging Mkts7.00%

Underlying ETF Lineup

This section breaks down the holdings and allocation weight of each ETF.

XEQT Basket iShares Mix
XIC iShares S&P/TSX Capped Composite 26.52%
XEF iShares MSCI EAFE IMI 24.95%
XTOT iShares Core S&P Total U.S. COM 22.85%
ITOT iShares Core S&P Total U.S. Stock 20.12%
XEC iShares MSCI Emerging Markets 5.08%
VEQT Basket Vanguard Mix
VUN Vanguard U.S. Total Market 44.60%
VCN Vanguard FTSE Canada All Cap 30.23%
VIU Vanguard FTSE Developed ex NA 17.95%
VEE Vanguard FTSE Emerging Markets 7.22%

Who Should Choose What?

It all depends on what you want. A lower MER and quarterly cash flow? A stronger Canada tilt and famous Vanguard structure?

Best fit for XEQT Practical profile
Fee-sensitive buyers Want lower total MER drag over long holding periods.
Cash flow consistency Prefer quarterly distribution cadence instead of annual payout timing.
Set-and-forget ETF stack One-ticket equity solution with broad diversification and high liquidity.
Best fit for VEQT Practical profile
Canada-heavy preference Want higher domestic allocation than XEQT.
Vanguard-first investors Prefer Vanguard product ecosystem and methodology.
Annual payout simplicity Prefer one consolidated yearly distribution event.

Bottom line: Both are strong long-term all-equity funds. If low fees and payout cadence are priority, XEQT wins. If you specifically want more Canada and Vanguard exposure, VEQT wins.

Open XEQT Guide
Sources: Vanguard official VEQT product profile • BlackRock official XEQT product page • current JustBuyXEQT theme dataset.