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  5. XAW: Is there any daylight between XAW and VXC? [iShares Core MSCI All Country World ex Canada Index ETF]
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Q: Is there any daylight between XAW and VXC? Any difference in hedging? I see the fees are similar and XAW has slightly higher distributions.
Asked by Matthew on March 04, 2025
5i Research Answer:

Both ETFs are 'world ex-Canada' and both are funds of funds. Fees are quite close and as noted XAW has a modestly higher yield. Neither ETFs utilize currency hedging from what we see. Both ETFs are quite similar. We might give XAW the slight nod here with the higher yield.