VS
Mackenzie Canadian All Corporate Bond Index ETF (QCB) and CIBC 2029 Investment Grade Bond Fund (CTBE) 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 CTBE leans towards Finance, Energy, and Utilities. When evaluating costs, QCB features a management fee (MER) of 0.14%, compared to 0.15% for CTBE. Performance-wise, QCB has returned 0.27% year-to-date with +$62 M in net flows, whereas CTBE is at 0.51% with +$40 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
CTBE
| AuM | $613.48 M | $76.58 M |
| Management Fees | 0.14% | 0.15% |
| Exp. ratio | 0.15% | 0.22% |
| 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% |
CTBE | -0.50% | -0.42% | +0.51% | +1.08% | - | |
| Flows | QCB | +$19 M | +$50 M | +$62 M | -$34 M | +$201 M |
CTBE | +$2 M | +$16 M | +$40 M | +$51 M | - |
QCB vs CTBE exposure
Countries
QCB
Canada
88.90%
USA
9.40%
CTBE
Canada
90.58%
USA
8.34%
Sectors
QCB
Finance
44.21%
Utilities
16.68%
Energy
13.36%
Industrials
7.31%
Other
18.44%
CTBE
Finance
29.49%
Energy
17.43%
Utilities
15.24%
Telecommunications
10.56%
Consumer Non-Cyclicals
9.59%
Other
17.69%
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%
CTBE
Province of Ontario, 1.55% 1nov2029, CAD (DMTN251)
5.63%
Canada Pension Plan Investment Board, 1.95% 30sep2029, CAD (14)
4.96%
SmartCentres REIT, 3.526% 20dec2029, CAD
4.96%
Ontario Power Generation, 2.977% 13sep2029, CAD (4)
4.90%
Allied Properties REIT, 3.394% 15aug2029, CAD (D)
4.90%
TransCanada PipeLines, 3% 18sep2029, CAD
4.87%
AIMCo Realty Investors LP, 2.712% 1jun2029, CAD
4.83%
Nestle Holdings, 2.192% 26jan2029, CAD (114)
4.80%
Dollarama Inc., 2.443% 9jul2029, CAD
4.79%
CT Real Estate Investment Trust, 3.029% 5feb2029, CAD (H)
4.58%
Diversification
QCB
Total weight of top 10 holdings out of 729 total
7.27%
CTBE
Total weight of top 10 holdings out of 30 total
49.23%
Characteristics
Compare
QCB
CTBE
| 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% | 2.51% |
| Meets ESG criteria | No | No |
| Inception Date | January 29, 2018 | July 16, 2024 |
Frequently asked questions about QCB and CTBE
Which ETF has performed better year to date: QCB or CTBE?
As of September 10, 2026, QCB has returned -0.27% year to date, while CTBE has returned 0.51%. CTBE is ahead on YTD performance.
Which ETF is larger by assets under management: QCB or CTBE?
As of September 10, 2026, QCB manages $613.48 M in assets, while CTBE manages $76.58 M. QCB is the larger fund by AUM.
How are QCB and CTBE managed?
QCB is passively managed by Mackenzie Investments. It tracks the Solactive Canadian Corporate Bond Index - CAD benchmark. CTBE is actively managed by CIBC. It does not track an index.
What sectors do QCB and CTBE emphasize?
QCB is most exposed to Finance, Utilities, and Energy. CTBE is most exposed to Finance, Energy, and Utilities.
Which ETF is attracting more investor flows: QCB or CTBE?
Year to date, QCB has seen +$62.42 M in net flows, compared with +$40.31 M for CTBE. QCB has attracted more net investor money so far.
How do the fees of QCB and CTBE compare?
QCB has an expense ratio of 0.15%, while CTBE has an expense ratio of 0.22%.
What are the top holdings of QCB and CTBE?
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. CTBE's top holdings include Province of Ontario, 1.55% 1nov2029, CAD (DMTN251), Canada Pension Plan Investment Board, 1.95% 30sep2029, CAD (14), and SmartCentres REIT, 3.526% 20dec2029, CAD.
Which ETF is more diversified: QCB or CTBE?
QCB holds 729 securities, while CTBE holds 30. On holdings count, QCB is the more diversified portfolio.
Recent articles about QCB and CTBE
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