VS
When evaluating costs, MKB features a management fee (MER) of 0.4%, compared to 0.08% for VAB. Performance-wise, MKB has returned 0.61% year-to-date with +$204 M in net flows, whereas VAB is at 1.19% with +$1 B. 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
MKB
VAB
| AuM | $1,071.92 M | $7,847.22 M |
| Management Fees | 0.40% | 0.08% |
| Exp. ratio | 0.45% | 0.09% |
| Tracking Difference | - | -0.39% |
Historical performance and flows
As of November 10, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | MKB | +0.81% | +0.48% | +0.61% | -0.23% | +14.50% |
VAB | +1.21% | +0.92% | +1.19% | +0.28% | +16.15% | |
| Flows | MKB | +$137 M | +$165 M | +$204 M | +$187 M | +$533 M |
VAB | +$70 M | +$357 M | +$1,430 M | +$1,724 M | +$3,507 M |
MKB vs VAB exposure
Countries
MKB
Exposure data will be available soon
VAB
Canada
94.18%
Sectors
MKB
Exposure data will be available soon
VAB
Sovereign
33.17%
Municipal
29.83%
Finance
12.87%
Government Agencies
7.38%
Other
16.75%
As of November 10, 2026
Top 10 Holdings
MKB
Exposure data will be available soon
VAB
Canada, Bonds 2.75% 1mar2031, CAD
1.80%
Canada, Bonds 3% 1sep2031, CAD
1.69%
Canada, Bonds 3.25% 1dec2035, CAD
1.47%
Canada, Bonds 2.75% 1sep2030, CAD
1.46%
Canada, Bonds 3.25% 1jun2036, CAD
1.42%
Canada, Bonds 3.25% 1jun2035, CAD
1.38%
Canada, Bonds 2.75% 1mar2030, CAD
1.23%
Canada, Bonds 2.25% 1feb2028, CAD
1.13%
Canada, Bonds 2.5% 1may2028, CAD
1.12%
Canada, Bonds 3% 1jun2034, CAD
1.12%
Diversification
MKB
Exposure data will be available soon
VAB
Total weight of top 10 holdings out of 1,324 total
13.81%
Characteristics
Compare
MKB
VAB
| Provider | Mackenzie Investments | Vanguard |
| Management | Actively managed | Passively managed |
| Benchmark | - | Bloomberg Global Aggregate Canadian Float Adjusted Bond Total Return Index - CAD |
| Replication Method | - | Direct (Physical) |
| Asset Class | Fixed Income | Fixed Income |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 3.28% | 3.42% |
| Meets ESG criteria | No | No |
| Inception Date | April 19, 2016 | November 30, 2011 |
Frequently asked questions about MKB and VAB
Which ETF has performed better year to date: MKB or VAB?
As of November 10, 2026, MKB has returned 0.61% year to date, while VAB has returned 1.19%. VAB is ahead on YTD performance.
Which ETF is larger by assets under management: MKB or VAB?
As of November 10, 2026, MKB manages $1.07 B in assets, while VAB manages $7.85 B. VAB is the larger fund by AUM.
How are MKB and VAB managed?
MKB is actively managed by Mackenzie Investments. It does not track an index. VAB is passively managed by Vanguard. It tracks the Bloomberg Global Aggregate Canadian Float Adjusted Bond Total Return Index - CAD benchmark.
Which ETF is attracting more investor flows: MKB or VAB?
Year to date, MKB has seen +$203.67 M in net flows, compared with +$1,429.53 M for VAB. VAB has attracted more net investor money so far.
How do the fees of MKB and VAB compare?
MKB has an expense ratio of 0.45%, while VAB has an expense ratio of 0.09%.
Recent articles about MKB and VAB
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