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Mackenzie Canadian All Corporate Bond Index ETF (QCB) and Desjardins Canadian Corporate Bond Index ETF (DCBC) 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 DCBC leans towards Finance, Utilities, and Energy. When evaluating costs, QCB features a management fee (MER) of 0.14%, compared to 0.15% for DCBC. Performance-wise, QCB has returned 0.27% year-to-date with +$62 M in net flows, whereas DCBC is at 0.31% with +$844 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
DCBC
| AuM | $613.48 M | $1,554.68 M |
| Management Fees | 0.14% | 0.15% |
| Exp. ratio | 0.15% | 0.17% |
| Tracking Difference | -0.05% | 0.61% |
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% |
DCBC | -0.94% | -2.00% | -0.31% | +0.46% | - | |
| Flows | QCB | +$19 M | +$50 M | +$62 M | -$34 M | +$201 M |
DCBC | +$83 M | +$232 M | +$844 M | +$984 M | - |
QCB vs DCBC exposure
Countries
QCB
Canada
88.90%
USA
9.40%
DCBC
Canada
88.50%
USA
9.25%
Sectors
QCB
Finance
44.21%
Utilities
16.68%
Energy
13.36%
Industrials
7.31%
Other
18.44%
DCBC
Finance
45.57%
Utilities
14.53%
Energy
12.95%
Telecommunications
7.90%
Other
19.06%
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%
DCBC
Amazon.com, 5% 12jun2056, CAD
0.75%
Toronto-Dominion Bank, 3.687% 9jan2032, CAD
0.60%
Bank of Nova Scotia, 3.61% 30jan2032, CAD
0.59%
Royal Bank of Canada, 3.572% 9dec2031, CAD
0.58%
Amazon.com, 4.35% 12jun2036, CAD
0.58%
CIBC, 4.15% 2apr2035, CAD
0.53%
CIBC, 3.65% 13jan2032, CAD
0.49%
Bell Canada, 3.8% 21aug2028, CAD (M-48)
0.49%
Toronto-Dominion Bank, 4.21% 1jun2027, CAD
0.47%
Toronto-Dominion Bank, 4.68% 8jan2029, CAD
0.46%
Diversification
QCB
Total weight of top 10 holdings out of 729 total
7.27%
DCBC
Total weight of top 10 holdings out of 1,051 total
5.53%
Characteristics
Compare
QCB
DCBC
| Provider | Mackenzie Investments | Desjardins Investments |
| Management | Passively managed | Passively managed |
| Benchmark | Solactive Canadian Corporate Bond Index - CAD | Solactive Canadian Bond Universe Total Return Index - CAD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Fixed Income | Fixed Income |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 4.25% | 4.12% |
| Meets ESG criteria | No | No |
| Inception Date | January 29, 2018 | April 18, 2024 |
Frequently asked questions about QCB and DCBC
Which ETF has performed better year to date: QCB or DCBC?
As of September 10, 2026, QCB has returned -0.27% year to date, while DCBC has returned -0.31%. QCB is ahead on YTD performance.
Which ETF is larger by assets under management: QCB or DCBC?
As of September 10, 2026, QCB manages $613.48 M in assets, while DCBC manages $1.55 B. DCBC is the larger fund by AUM.
How are QCB and DCBC managed?
QCB is passively managed by Mackenzie Investments. It tracks the Solactive Canadian Corporate Bond Index - CAD benchmark. DCBC is passively managed by Desjardins Investments. It tracks the Solactive Canadian Bond Universe Total Return Index - CAD benchmark.
What sectors do QCB and DCBC emphasize?
QCB is most exposed to Finance, Utilities, and Energy. DCBC is most exposed to Finance, Utilities, and Energy.
Which ETF is attracting more investor flows: QCB or DCBC?
Year to date, QCB has seen +$62.42 M in net flows, compared with +$843.60 M for DCBC. DCBC has attracted more net investor money so far.
How do the fees of QCB and DCBC compare?
QCB has an expense ratio of 0.15%, while DCBC has an expense ratio of 0.17%.
What are the top holdings of QCB and DCBC?
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. DCBC's top holdings include Amazon.com, 5% 12jun2056, CAD, Toronto-Dominion Bank, 3.687% 9jan2032, CAD, and Bank of Nova Scotia, 3.61% 30jan2032, CAD.
Which ETF is more diversified: QCB or DCBC?
QCB holds 729 securities, while DCBC holds 1051. On holdings count, DCBC 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.