VS
CIBC 2026 Investment Grade Bond Fund (CTBB) and RBC Canadian Ultra Short Term Bond ETF (RUST) offer distinct profiles for Canadian ETF investors. A direct comparison shows that CTBB focuses its top 3 sector exposures on Finance, Sovereign, and Government Agencies, while RUST leans towards Finance, Energy, and Consumer Cyclicals. When evaluating costs, CTBB features a management fee (MER) of 0.15%, compared to 0.2% for RUST. Performance-wise, CTBB has returned 1.71% year-to-date with +$21 M in net flows, whereas RUST is at 1.94% with +$157 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
CTBB
RUST
| AuM | $102.98 M | $165.59 M |
| Management Fees | 0.15% | 0.20% |
| Exp. ratio | 0.23% | 0.23% |
| Tracking Difference | - | - |
Historical performance and flows
As of September 17, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | CTBB | +0.21% | +0.60% | +1.71% | +2.51% | - |
RUST | +0.19% | +0.66% | +1.94% | +2.78% | - | |
| Flows | CTBB | -$1 M | +$8 M | +$21 M | +$41 M | - |
RUST | +$31 M | +$83 M | +$157 M | +$139 M | - |
CTBB vs RUST exposure
Countries
CTBB
Canada
89.65%
Other
7.52%
RUST
Canada
95.60%
Sectors
CTBB
Finance
39.20%
Sovereign
22.88%
Government Agencies
15.41%
Consumer Cyclicals
10.67%
Other
7.52%
RUST
Finance
73.39%
Energy
17.73%
Other
8.88%
As of September 17, 2026
Top 10 Holdings
CTBB
Canada Housing Trust, 1.1% 15dec2026, CAD (102)
15.41%
Royal Bank of Canada, 2.14% 3nov2031, CAD (24)
9.67%
Bank of Nova Scotia, 1.85% 2nov2026, CAD
9.55%
Canada, Bills 0% 26aug2026, CAD (182D)
8.78%
Canada, Bills 0% 12aug2026, CAD (364D)
8.25%
Ford Credit Canada Co, 2.961% 16sep2026, CAD
7.98%
CA34960VAU22
7.88%
VW Credit Canada, 2.45% 10dec2026, CAD
7.85%
Canada, Bills 0% 9sep2026, CAD (364D)
5.85%
Honda Canada Finance, 1.711% 28sep2026, CAD
4.16%
RUST
Royal Bank of Canada, 2.14% 3nov2031, CAD (24)
7.29%
TC Energy, 4.65% 18may2077, CAD (2017-B)
6.45%
Bank of Montreal, 3.65% 1apr2027, CAD
5.48%
Sun Life Financial, 2.46% 18nov2031, CAD (2021-1)
5.45%
National Bank of Canada, 3.637% 7oct2027, CAD
5.33%
CIBC, 4.95% 29jun2027, CAD
5.22%
iA Financial Corporation, 3.072% 24sep2031, CAD
4.76%
Dream Industrial REIT, 2.539% 7dec2026, CAD (D)
4.63%
SmartCentres REIT, 3.444% 28aug2026, CAD
4.63%
Brookfield Corporation, 3.8% 16mar2027, CAD
4.54%
Diversification
CTBB
Total weight of top 10 holdings out of 19 total
85.39%
RUST
Total weight of top 10 holdings out of 28 total
53.77%
Characteristics
Compare
CTBB
RUST
| Provider | CIBC | RBC Global Asset Management |
| Management | Actively managed | Actively managed |
| Benchmark | - | - |
| Replication Method | ||
| Asset Class | Fixed Income | Fixed Income |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 1.61% | 3.28% |
| Meets ESG criteria | No | No |
| Inception Date | July 16, 2024 | April 1, 2025 |
Frequently asked questions about CTBB and RUST
Which ETF has performed better year to date: CTBB or RUST?
As of September 17, 2026, CTBB has returned 1.71% year to date, while RUST has returned 1.94%. RUST is ahead on YTD performance.
Which ETF is larger by assets under management: CTBB or RUST?
As of September 17, 2026, CTBB manages $102.98 M in assets, while RUST manages $165.59 M. RUST is the larger fund by AUM.
How are CTBB and RUST managed?
CTBB is actively managed by CIBC. It does not track an index. RUST is actively managed by RBC Global Asset Management. It does not track an index.
What sectors do CTBB and RUST emphasize?
CTBB is most exposed to Finance, Sovereign, and Government Agencies. RUST is most exposed to Finance, Energy, and Consumer Cyclicals.
Which ETF is attracting more investor flows: CTBB or RUST?
Year to date, CTBB has seen +$20.50 M in net flows, compared with +$157.01 M for RUST. RUST has attracted more net investor money so far.
How do the fees of CTBB and RUST compare?
CTBB has an expense ratio of 0.23%, while RUST has an expense ratio of 0.23%.
What are the top holdings of CTBB and RUST?
CTBB's largest holdings include Canada Housing Trust, 1.1% 15dec2026, CAD (102), Royal Bank of Canada, 2.14% 3nov2031, CAD (24), and Bank of Nova Scotia, 1.85% 2nov2026, CAD. RUST's top holdings include Royal Bank of Canada, 2.14% 3nov2031, CAD (24), TC Energy, 4.65% 18may2077, CAD (2017-B), and Bank of Montreal, 3.65% 1apr2027, CAD.
Which ETF is more diversified: CTBB or RUST?
CTBB holds 19 securities, while RUST holds 28. On holdings count, RUST is the more diversified portfolio.
Recent articles about CTBB and RUST
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All content on the ETF Market Canada is for your general information use only, Cboe is not responsible for any use of content by you outside this scope. In particular, the content does not constitute any form of advice, recommendation, representation, endorsement or arrangement by Cboe and is not intended to be relied upon by users in making (or refraining from making) any specific investment or other decisions.