XAW holds 9,000+ stocks across every developed and emerging market — except Canada. 0.22% MER. The perfect companion to XIC, ZCN, or VCN if you want a true two-ticket portfolio with deliberate Canadian weighting. Or the perfect "rest of the world" allocation for someone already overweight Canadian dividend stocks.
Canada represents ~3% of global market capitalization, but most Canadian retail investors hold 25-30% of their portfolio in Canadian stocks. That's "home bias" — a behavioral over-weight in domestic assets. XAW lets you build a portfolio with EXACTLY the Canadian weighting you want (10%, 20%, 30%, or even 0%).
Canada's true share of global stocks
What most Canadian portfolios hold
Pair with XIC/VCN at your preferred weight
★ XAW skews more US-heavy than XEQT (63% vs 45%) because it has no Canadian "neutralizer."
XAW is the perfect partner for anyone who already overweights Canadian dividends (banks, telecom, utilities) and wants to add global diversification cleanly. Pair XAW + XIC at 70/30 for a two-ticket portfolio that matches XEQT's structure at slightly different weights.