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Evolve Enhanced Yield Bond Fund ETF (BOND.U) and Mackenzie US Government Long Bond Index ETF (QTLT) offer distinct profiles for Canadian ETF investors. A direct comparison shows that BOND.U focuses its top 3 sector exposures on Sovereign and Non-Corporate, while QTLT leans towards Sovereign. When evaluating costs, BOND.U features a management fee (MER) of 0.75%, compared to 0.18% for QTLT. Performance-wise, BOND.U has returned 2.62% year-to-date with -$5 M in net flows, whereas QTLT is at 2.94% with +$35 M. Use the comparison tool below to benchmark these funds across top 10 holdings, yield, sector weights and historical returns.
NAV Performance and Flows
Key Data
Compare
BOND.U
QTLT
| AuM | $16.01 M | $158.95 M |
| Management Fees | 0.75% | 0.18% |
| Exp. ratio | 0.74% | 0.20% |
| Tracking Difference | - | -0.37% |
Historical performance and flows
As of September 9, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | BOND.U | -0.78% | -2.93% | -2.62% | -3.53% | - |
QTLT | -0.90% | -3.87% | -2.94% | -4.68% | - | |
| Flows | BOND.U | -$2 M | -$2 M | -$5 M | -$19 M | - |
QTLT | +$4 M | +$19 M | +$35 M | +$41 M | - |
BOND.U vs QTLT exposure
Countries
BOND.U
USA
98.54%
QTLT
USA
100.07%
Sectors
BOND.U
Sovereign
98.54%
QTLT
Sovereign
100.07%
As of September 9, 2026
Top 10 Holdings
BOND.U
USA, Bonds 4.75% 15may2055, USD
3.53%
USA, Bonds 4.75% 15nov2053, USD
3.52%
USA, Bonds 4.125% 15aug2053, USD
3.48%
USA, Bonds 4.625% 15may2054, USD
3.45%
USA, Bonds 4.25% 15feb2054, USD
3.24%
USA, Bonds 4.75% 15feb2056, USD
3.23%
USA, Bonds 4.25% 15aug2054, USD
3.17%
USA, Bonds 4.625% 15feb2055, USD
3.15%
USA, Bonds 4.5% 15nov2054, USD
3.04%
USA, Bonds 3.625% 15may2053, USD
2.89%
QTLT
USA, Bonds 2% 15aug2051, USD
13.48%
USA, Bonds 2.25% 15feb2052, USD
7.28%
USA, Bonds 2.375% 15may2051, USD
6.25%
USA, Bonds 4.25% 15feb2054, USD
5.77%
USA, Bonds 4.25% 15aug2054, USD
5.67%
USA, Bonds 1.625% 15nov2050, USD
5.57%
USA, Bonds 1.875% 15nov2051, USD
5.50%
USA, Bonds 2.875% 15may2049, USD
5.50%
USA, Bonds 4.75% 15feb2056, USD
4.02%
USA, Bonds 1.875% 15feb2051, USD
3.60%
Diversification
BOND.U
Total weight of top 10 holdings out of 100 total
32.70%
QTLT
Total weight of top 10 holdings out of 33 total
62.65%
Characteristics
Compare
BOND.U
QTLT
| Provider | Evolve ETFs | Mackenzie Investments |
| Management | Actively managed | Passively managed |
| Benchmark | - | Solactive US 20+ Year Treasury Bond CAD GTR Index - CAD |
| Replication Method | Direct (Physical) | |
| Asset Class | Fixed Income | Fixed Income |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 13.05% | 3.94% |
| Meets ESG criteria | No | No |
| Inception Date | February 15, 2024 | November 20, 2023 |
Frequently asked questions about BOND.U and QTLT
Which ETF has performed better year to date: BOND.U or QTLT?
As of September 9, 2026, BOND.U has returned -2.62% year to date, while QTLT has returned -2.94%. BOND.U is ahead on YTD performance.
Which ETF is larger by assets under management: BOND.U or QTLT?
As of September 9, 2026, BOND.U manages $16.01 M in assets, while QTLT manages $158.95 M. QTLT is the larger fund by AUM.
How are BOND.U and QTLT managed?
BOND.U is actively managed by Evolve ETFs. It does not track an index. QTLT is passively managed by Mackenzie Investments. It tracks the Solactive US 20+ Year Treasury Bond CAD GTR Index - CAD benchmark.
What sectors do BOND.U and QTLT emphasize?
BOND.U is most exposed to Sovereign and Non-Corporate. QTLT is most exposed to Sovereign.
Which ETF is attracting more investor flows: BOND.U or QTLT?
Year to date, BOND.U has seen -$5.16 M in net flows, compared with +$34.87 M for QTLT. QTLT has attracted more net investor money so far.
How do the fees of BOND.U and QTLT compare?
BOND.U has an expense ratio of 0.74%, while QTLT has an expense ratio of 0.20%.
What are the top holdings of BOND.U and QTLT?
BOND.U's largest holdings include USA, Bonds 4.75% 15may2055, USD, USA, Bonds 4.75% 15nov2053, USD, and USA, Bonds 4.125% 15aug2053, USD. QTLT's top holdings include USA, Bonds 2% 15aug2051, USD, USA, Bonds 2.25% 15feb2052, USD, and USA, Bonds 2.375% 15may2051, USD.
Which ETF is more diversified: BOND.U or QTLT?
BOND.U holds 100 securities, while QTLT holds 33. On holdings count, BOND.U is the more diversified portfolio.
Recent articles about BOND.U and QTLT
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