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                             iShares Core MSCI All Country World ex Canada Index ETF (XAW $52.04) iShares Core MSCI All Country World ex Canada Index ETF (XAW $52.04)
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                             Vanguard All-Equity ETF Portfolio (VEQT $54.09) Vanguard All-Equity ETF Portfolio (VEQT $54.09)
            Q: I'm looking at XAW and VEQT as global index funds that (other than Canada in VEQT) have similar exposure.  What puzzles me is that XAW has an average P/E ratio of 24, and VEQT has a ratio of 14.  I don't see how the Canada exposure at 25% in VEQT can make this much difference. Can you help me understand this apparent anomaly?
        
     
                             
                             
                    