VS
NBI Sustainable Canadian Short Term Bond ETF (NSSB) and BMO High Quality Corporate Bond Index ETF (ZQB) offer distinct profiles for Canadian ETF investors. A direct comparison shows that NSSB focuses its top 3 sector exposures on Finance, Utilities, and Sovereign, while ZQB leans towards Finance, Utilities, and Industrials. When evaluating costs, NSSB features a management fee (MER) of 0.25%, compared to 0.1% for ZQB. Performance-wise, NSSB has returned 1.33% year-to-date with +$4 M in net flows, whereas ZQB is at 1.07% with +$51 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
NSSB
ZQB
| AuM | $51.17 M | $93.00 M |
| Management Fees | 0.25% | 0.10% |
| Exp. ratio | 0.28% | 0.11% |
| Tracking Difference | - | - |
Historical performance and flows
As of October 16, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | NSSB | +0.34% | -1.08% | -1.33% | -2.27% | +14.21% |
ZQB | +0.69% | -0.31% | +1.07% | +1.01% | +18.88% | |
| Flows | NSSB | +$1 M | +$2 M | +$4 M | +$6 M | +$6 M |
ZQB | +$2 M | +$5 M | +$51 M | +$56 M | +$71 M |
NSSB vs ZQB exposure
Countries
NSSB
Canada
93.85%
ZQB
Canada
93.17%
Sectors
NSSB
Finance
44.13%
Utilities
14.09%
Sovereign
13.34%
Industrials
10.45%
Telecommunications
7.99%
Other
10.01%
ZQB
Finance
77.18%
Utilities
9.60%
Other
13.22%
As of October 16, 2026
Top 10 Holdings
NSSB
Canada, Bonds 2.25% 1dec2029, CAD
13.34%
Royal Bank of Canada, 3.985% 22jul2031, CAD
3.41%
Bank of America Corporation, 3.615% 16mar2028, CAD (N)
2.82%
407 International, 6.47% 27jul2029, CAD (99A-2)
2.59%
Ontario Power Generation, 3.215% 8apr2030, CAD (7)
2.56%
Toronto-Dominion Bank, 5.491% 8sep2028, CAD
2.50%
Hydro One Inc, 3.94% 25aug2032, CAD (61)
2.34%
Bell Canada, 2.2% 29may2028, CAD (M-56)
2.31%
Ivanhoe Cambridge II, 4.994% 2jun2028, CAD (3)
2.26%
Federation des caisses Desjardins du Quebec, 4.123% 25aug2032, CAD
2.20%
ZQB
Bank of Montreal, 3.19% 1mar2028, CAD
4.89%
Toronto-Dominion Bank, 4.68% 8jan2029, CAD
3.58%
Bank of Nova Scotia, 3.1% 2feb2028, CAD
3.49%
Toronto-Dominion Bank, 5.177% 9apr2034, CAD (D)
2.88%
Bank of Montreal, 4.537% 18dec2028, CAD
2.85%
Toronto-Dominion Bank, 4.477% 18jan2028, CAD
2.84%
Bank of Nova Scotia, 4.442% 15nov2035, CAD
2.79%
Toronto-Dominion Bank, 3.842% 29may2031, CAD
2.79%
Royal Bank of Canada, 3.572% 9dec2031, CAD
2.75%
Royal Bank of Canada, 4.371% 1may2037, CAD
2.74%
Diversification
NSSB
Total weight of top 10 holdings out of 69 total
36.33%
ZQB
Total weight of top 10 holdings out of 64 total
31.58%
Characteristics
Compare
NSSB
ZQB
| Provider | National Bank Investments | BMO |
| Management | Actively managed | Passively managed |
| Benchmark | - | FTSE Canada 1-10 year A+ Corporate Bond GTR Index - CAD |
| Replication Method | - | Direct (Physical) |
| Asset Class | Fixed Income | Fixed Income |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 0.00% | 4.03% |
| Meets ESG criteria | Yes | No |
| Inception Date | January 20, 2022 | February 11, 2020 |
Frequently asked questions about NSSB and ZQB
Which ETF has performed better year to date: NSSB or ZQB?
As of October 16, 2026, NSSB has returned -1.33% year to date, while ZQB has returned 1.07%. ZQB is ahead on YTD performance.
Which ETF is larger by assets under management: NSSB or ZQB?
As of October 16, 2026, NSSB manages $51.17 M in assets, while ZQB manages $93.00 M. ZQB is the larger fund by AUM.
How are NSSB and ZQB managed?
NSSB is actively managed by National Bank Investments. It does not track an index. ZQB is passively managed by BMO. It tracks the FTSE Canada 1-10 year A+ Corporate Bond GTR Index - CAD benchmark.
What sectors do NSSB and ZQB emphasize?
NSSB is most exposed to Finance, Utilities, and Sovereign. ZQB is most exposed to Finance, Utilities, and Industrials.
Which ETF is attracting more investor flows: NSSB or ZQB?
Year to date, NSSB has seen +$4.08 M in net flows, compared with +$51.45 M for ZQB. ZQB has attracted more net investor money so far.
How do the fees of NSSB and ZQB compare?
NSSB has an expense ratio of 0.28%, while ZQB has an expense ratio of 0.11%.
What are the top holdings of NSSB and ZQB?
NSSB's largest holdings include Canada, Bonds 2.25% 1dec2029, CAD, Royal Bank of Canada, 3.985% 22jul2031, CAD, and Bank of America Corporation, 3.615% 16mar2028, CAD (N). ZQB's top holdings include Bank of Montreal, 3.19% 1mar2028, CAD, Toronto-Dominion Bank, 4.68% 8jan2029, CAD, and Bank of Nova Scotia, 3.1% 2feb2028, CAD.
Which ETF is more diversified: NSSB or ZQB?
NSSB holds 69 securities, while ZQB holds 64. On holdings count, NSSB is the more diversified portfolio.
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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.