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Mackenzie Canadian All Corporate Bond Index ETF (QCB) and CIBC 2028 Investment Grade Bond Fund (CTBD) offer distinct profiles for Canadian ETF investors. A direct comparison shows that QCB focuses its top 3 sector exposures on Finance, Utilities, and Energy, while CTBD leans towards Finance, Utilities, and Telecommunications. When evaluating costs, QCB features a management fee (MER) of 0.14%, compared to 0.15% for CTBD. Performance-wise, QCB has returned 0.27% year-to-date with +$62 M in net flows, whereas CTBD is at 1.04% with +$69 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
QCB
CTBD
| AuM | $613.48 M | $131.69 M |
| Management Fees | 0.14% | 0.15% |
| Exp. ratio | 0.15% | 0.23% |
| Tracking Difference | -0.05% | - |
Historical performance and flows
As of September 10, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | QCB | -0.88% | -1.64% | -0.27% | +0.48% | +17.68% |
CTBD | -0.21% | +0.09% | +1.04% | +1.75% | - | |
| Flows | QCB | +$19 M | +$50 M | +$62 M | -$34 M | +$201 M |
CTBD | +$6 M | +$29 M | +$69 M | +$89 M | - |
QCB vs CTBD exposure
Countries
QCB
Canada
88.90%
USA
9.40%
CTBD
Canada
89.34%
USA
9.84%
Sectors
QCB
Finance
44.21%
Utilities
16.68%
Energy
13.36%
Industrials
7.31%
Other
18.44%
CTBD
Finance
53.23%
Utilities
11.56%
Other
35.21%
As of September 10, 2026
Top 10 Holdings
QCB
AIMCo Realty Investors LP, 2.712% 1jun2029, CAD
0.79%
Royal Bank of Canada, 5.096% 3apr2034, CAD (27)
0.77%
Amazon.com, 5% 12jun2056, CAD
0.76%
Toronto-Dominion Bank, 4.133% 9jan2033, CAD
0.75%
Toronto-Dominion Bank, 3.687% 9jan2032, CAD
0.75%
Royal Bank of Canada, 3.572% 9dec2031, CAD
0.74%
Bank of Montreal, 5.039% 29may2028, CAD
0.72%
Toronto-Dominion Bank, 4.21% 1jun2027, CAD
0.67%
Citigroup, 4.55% 3jun2035, CAD
0.66%
Manulife Financial Corporation, 4.064% 6dec2034, CAD
0.66%
CTBD
Honda Canada Finance, 1.646% 25feb2028, CAD
5.90%
Athene Global Funding, 2.47% 9jun2028, CAD (2021-14)
5.06%
Granite REIT Holdings, 2.194% 30aug2028, CAD
4.97%
Bruce Power, 2.68% 21dec2028, CAD (2021-1)
4.95%
WSP Global, 2.408% 19apr2028, CAD
4.95%
Allied Properties REIT, 3.131% 15may2028, CAD (G)
4.94%
Summit Industrial Income REIT, 2.44% 14jul2028, CAD (D)
4.90%
AltaGas, 2.075% 30may2028, CAD (22)
4.84%
Royal Bank of Canada, 1.67% 28jan2033, CAD (23)
4.82%
RioCan REIT, 2.829% 8nov2028, CAD (AE)
4.81%
Diversification
QCB
Total weight of top 10 holdings out of 729 total
7.27%
CTBD
Total weight of top 10 holdings out of 30 total
50.14%
Characteristics
Compare
QCB
CTBD
| Provider | Mackenzie Investments | CIBC |
| Management | Passively managed | Actively managed |
| Benchmark | Solactive Canadian Corporate Bond Index - CAD | - |
| Replication Method | Direct (Physical) | |
| Asset Class | Fixed Income | Fixed Income |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 4.25% | 1.92% |
| Meets ESG criteria | No | No |
| Inception Date | January 29, 2018 | July 16, 2024 |
Frequently asked questions about QCB and CTBD
Which ETF has performed better year to date: QCB or CTBD?
As of September 10, 2026, QCB has returned -0.27% year to date, while CTBD has returned 1.04%. CTBD is ahead on YTD performance.
Which ETF is larger by assets under management: QCB or CTBD?
As of September 10, 2026, QCB manages $613.48 M in assets, while CTBD manages $131.69 M. QCB is the larger fund by AUM.
How are QCB and CTBD managed?
QCB is passively managed by Mackenzie Investments. It tracks the Solactive Canadian Corporate Bond Index - CAD benchmark. CTBD is actively managed by CIBC. It does not track an index.
What sectors do QCB and CTBD emphasize?
QCB is most exposed to Finance, Utilities, and Energy. CTBD is most exposed to Finance, Utilities, and Telecommunications.
Which ETF is attracting more investor flows: QCB or CTBD?
Year to date, QCB has seen +$62.42 M in net flows, compared with +$69.27 M for CTBD. CTBD has attracted more net investor money so far.
How do the fees of QCB and CTBD compare?
QCB has an expense ratio of 0.15%, while CTBD has an expense ratio of 0.23%.
What are the top holdings of QCB and CTBD?
QCB's largest holdings include AIMCo Realty Investors LP, 2.712% 1jun2029, CAD, Royal Bank of Canada, 5.096% 3apr2034, CAD (27), and Amazon.com, 5% 12jun2056, CAD. CTBD's top holdings include Honda Canada Finance, 1.646% 25feb2028, CAD, Athene Global Funding, 2.47% 9jun2028, CAD (2021-14), and Granite REIT Holdings, 2.194% 30aug2028, CAD.
Which ETF is more diversified: QCB or CTBD?
QCB holds 729 securities, while CTBD holds 30. On holdings count, QCB is the more diversified portfolio.
Recent articles about QCB and CTBD
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