VS
Global X Short-Term Government Bond Premium Yield ETF (PAYS) and RBC Target 2031 Canadian Corporate Bond ETF (RQT) offer distinct profiles for Canadian ETF investors. A direct comparison shows that PAYS focuses its top 3 sector exposures on Sovereign, Government Agencies, and Non-Corporate, while RQT leans towards Finance, Energy, and Utilities. When evaluating costs, PAYS features a management fee (MER) of 0.4%, compared to 0.2% for RQT. Performance-wise, PAYS has returned 0.88% year-to-date with +$25 M in net flows, whereas RQT is at 0.82% with +$189 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
PAYS
RQT
| AuM | $104.49 M | $398.60 M |
| Management Fees | 0.40% | 0.20% |
| Exp. ratio | 0.52% | 0.23% |
| Tracking Difference | - | - |
Historical performance and flows
As of September 2, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | PAYS | -0.01% | -0.02% | +0.88% | +1.61% | - |
RQT | -0.81% | -0.75% | +0.82% | +2.52% | - | |
| Flows | PAYS | -$2 M | -$2 M | +$25 M | +$13 M | - |
RQT | +$9 M | +$49 M | +$189 M | +$361 M | - |
PAYS vs RQT exposure
Countries
PAYS
Canada
79.28%
USA
12.21%
Other
8.51%
RQT
Canada
83.98%
USA
12.98%
Sectors
PAYS
Sovereign
87.78%
Other
8.51%
RQT
Finance
59.26%
Energy
16.29%
Other
24.46%
As of September 2, 2026
Top 10 Holdings
PAYS
Canada, Bills 0% 9nov2023, CAD (364D)
64.93%
CA37893H2037
6.44%
CA37966J2011
1.87%
Canada, Bonds 2.75% 1sep2030, CAD
1.54%
Canada, Bonds 3.25% 1sep2028, CAD
1.26%
Canada, Bonds 2.75% 1mar2031, CAD
1.23%
Canada, Bonds 4% 1mar2029, CAD
1.17%
Canada, Bonds 2.75% 1mar2030, CAD
1.13%
Canada, Bonds 3.5% 1sep2029, CAD
1.05%
Canada, Bond 1.25 1jun2030 10Y
0.87%
RQT
Bank of Nova Scotia, 3.61% 30jan2032, CAD
8.30%
CIBC, 3.65% 13jan2032, CAD
8.22%
Bank of Montreal, 3.539% 3mar2032, CAD
7.28%
Federation des caisses Desjardins du Quebec, 3.714% 16jul2031, CAD
6.50%
Toronto-Dominion Bank, 3.687% 9jan2032, CAD
6.22%
Goldman Sachs, 3.641% 5mar2032, CAD
6.03%
Alphabet, 3.65% 15may2031, CAD
5.27%
North West Redwater Partnership, 2.8% 1jun2031, CAD (N)
4.39%
Enbridge, 3.57% 26feb2031, CAD
3.74%
Toronto-Dominion Bank, 3.857% 7apr2032, CAD
3.27%
Diversification
PAYS
Total weight of top 10 holdings out of 74 total
81.50%
RQT
Total weight of top 10 holdings out of 41 total
59.21%
Characteristics
Compare
PAYS
RQT
| Provider | Global X | 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 | 5.43% | 3.40% |
| Meets ESG criteria | No | No |
| Inception Date | May 21, 2024 | April 1, 2025 |
Frequently asked questions about PAYS and RQT
Which ETF has performed better year to date: PAYS or RQT?
As of September 2, 2026, PAYS has returned 0.88% year to date, while RQT has returned 0.82%. PAYS is ahead on YTD performance.
Which ETF is larger by assets under management: PAYS or RQT?
As of September 2, 2026, PAYS manages $104.49 M in assets, while RQT manages $398.60 M. RQT is the larger fund by AUM.
How are PAYS and RQT managed?
PAYS is actively managed by Global X. It does not track an index. RQT is actively managed by RBC Global Asset Management. It does not track an index.
What sectors do PAYS and RQT emphasize?
PAYS is most exposed to Sovereign, Government Agencies, and Non-Corporate. RQT is most exposed to Finance, Energy, and Utilities.
Which ETF is attracting more investor flows: PAYS or RQT?
Year to date, PAYS has seen +$24.54 M in net flows, compared with +$188.52 M for RQT. RQT has attracted more net investor money so far.
How do the fees of PAYS and RQT compare?
PAYS has an expense ratio of 0.52%, while RQT has an expense ratio of 0.23%.
What are the top holdings of PAYS and RQT?
PAYS's largest holdings include Canada, Bills 0% 9nov2023, CAD (364D) and Canada, Bonds 2.75% 1sep2030, CAD. RQT's top holdings include Bank of Nova Scotia, 3.61% 30jan2032, CAD, CIBC, 3.65% 13jan2032, CAD, and Bank of Montreal, 3.539% 3mar2032, CAD.
Which ETF is more diversified: PAYS or RQT?
PAYS holds 73 securities, while RQT holds 41. On holdings count, PAYS is the more diversified portfolio.
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