VS
CIBC 2026 Investment Grade Bond Fund (CTBB) and Vanguard Canadian Ultra-Short Government Bond Index ETF (VVSG) 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 VVSG leans towards Sovereign. When evaluating costs, CTBB features a management fee (MER) of 0.15%, compared to 0.1% for VVSG. Performance-wise, CTBB has returned 1.71% year-to-date with +$21 M in net flows, whereas VVSG is at 1.69% with +$92 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
VVSG
| AuM | $102.98 M | $241.60 M |
| Management Fees | 0.15% | 0.10% |
| Exp. ratio | 0.23% | 0.12% |
| Tracking Difference | - | 0.05% |
Historical performance and flows
As of September 17, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | CTBB | +0.21% | +0.60% | +1.71% | +2.51% | - |
VVSG | +0.13% | +0.50% | +1.69% | +2.39% | - | |
| Flows | CTBB | -$1 M | +$8 M | +$21 M | +$41 M | - |
VVSG | +$13 M | +$29 M | +$92 M | +$162 M | - |
CTBB vs VVSG exposure
Countries
CTBB
Canada
89.65%
Other
7.52%
VVSG
Canada
95.27%
Sectors
CTBB
Finance
39.20%
Sovereign
22.88%
Government Agencies
15.41%
Consumer Cyclicals
10.67%
Other
7.52%
VVSG
Sovereign
95.27%
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%
VVSG
Canada, Bills 0% 9sep2026, CAD (364D)
7.62%
Canada, Bills 0% 21oct2026, CAD (182D)
7.59%
Canada, Bills 0% 4nov2026, CAD (364D)
7.33%
Canada, Bonds 2.75% 1may2027, CAD
6.81%
Canada, Bills 0% 23sep2026, CAD (182D)
6.71%
Canada, Bills 0% 7oct2026, CAD (364D)
5.86%
Canada, Bonds 3% 1feb2027, CAD
5.59%
Canada, Bonds 3.25% 1nov2026, CAD
5.08%
Canada, Bonds 1.25% 1mar2027, CAD
3.80%
Canada, Bond 1 1sep2026 5Y
3.30%
Diversification
CTBB
Total weight of top 10 holdings out of 19 total
85.39%
VVSG
Total weight of top 10 holdings out of 24 total
59.68%
Characteristics
Compare
CTBB
VVSG
| Provider | CIBC | Vanguard |
| Management | Actively managed | Passively managed |
| Benchmark | - | Bloomberg Canadian Short Treasury 1-12m Float Adjusted Index - CAD |
| Replication Method | Direct (Physical) | |
| Asset Class | Fixed Income | Fixed Income |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 1.61% | 2.53% |
| Meets ESG criteria | No | No |
| Inception Date | July 16, 2024 | September 9, 2024 |
Frequently asked questions about CTBB and VVSG
Which ETF has performed better year to date: CTBB or VVSG?
As of September 17, 2026, CTBB has returned 1.71% year to date, while VVSG has returned 1.69%. CTBB is ahead on YTD performance.
Which ETF is larger by assets under management: CTBB or VVSG?
As of September 17, 2026, CTBB manages $102.98 M in assets, while VVSG manages $241.60 M. VVSG is the larger fund by AUM.
How are CTBB and VVSG managed?
CTBB is actively managed by CIBC. It does not track an index. VVSG is passively managed by Vanguard. It tracks the Bloomberg Canadian Short Treasury 1-12m Float Adjusted Index - CAD benchmark.
What sectors do CTBB and VVSG emphasize?
CTBB is most exposed to Finance, Sovereign, and Government Agencies. VVSG is most exposed to Sovereign.
Which ETF is attracting more investor flows: CTBB or VVSG?
Year to date, CTBB has seen +$20.50 M in net flows, compared with +$91.86 M for VVSG. VVSG has attracted more net investor money so far.
How do the fees of CTBB and VVSG compare?
CTBB has an expense ratio of 0.23%, while VVSG has an expense ratio of 0.12%.
What are the top holdings of CTBB and VVSG?
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. VVSG's top holdings include Canada, Bills 0% 9sep2026, CAD (364D), Canada, Bills 0% 21oct2026, CAD (182D), and Canada, Bills 0% 4nov2026, CAD (364D).
Which ETF is more diversified: CTBB or VVSG?
CTBB holds 19 securities, while VVSG holds 24. On holdings count, VVSG is the more diversified portfolio.
Recent articles about CTBB and VVSG
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