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Mackenzie Canadian All Corporate Bond Index ETF (QCB) and Mackenzie Canadian Ultra Short Bond Index ETF (QASH) 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 QASH leans towards Finance, Municipal, and Energy. When evaluating costs, QCB features a management fee (MER) of 0.14%, compared to 0.15% for QASH. Performance-wise, QCB has returned 0.27% year-to-date with +$62 M in net flows, whereas QASH is at 1.61% with -$14 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
QASH
| AuM | $613.48 M | $136.78 M |
| Management Fees | 0.14% | 0.15% |
| Exp. ratio | 0.15% | 0.17% |
| Tracking Difference | -0.05% | 0.00% |
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% |
QASH | +0.15% | +0.54% | +1.61% | +2.48% | - | |
| Flows | QCB | +$19 M | +$50 M | +$62 M | -$34 M | +$201 M |
QASH | -$9 M | -$11 M | -$14 M | +$13 M | - |
QCB vs QASH exposure
Countries
QCB
Canada
88.90%
USA
9.40%
QASH
Canada
90.18%
USA
9.82%
Sectors
QCB
Finance
44.21%
Utilities
16.68%
Energy
13.36%
Industrials
7.31%
Other
18.44%
QASH
Finance
58.46%
Municipal
36.75%
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%
QASH
Montreal, 2.75% 1sep2026, CAD
24.51%
Toronto, 2.4% 7jun2027, CAD
12.24%
OPB Finance Trust, 2.98% 25jan2027, CAD (F)
9.16%
Bank of America Corporation, 1.978% 15sep2027, CAD (N)
4.73%
Morgan Stanley, 1.779% 4aug2027, CAD (I)
4.20%
Bank of Montreal, 4.309% 1jun2027, CAD
3.04%
Bank of Nova Scotia, 3.934% 3may2032, CAD
3.03%
CIBC, 4.2% 7apr2032, CAD
2.94%
Royal Bank of Canada, 2.94% 3may2032, CAD (25)
2.91%
Toronto-Dominion Bank, 2.26% 7jan2027, CAD
2.85%
Diversification
QCB
Total weight of top 10 holdings out of 729 total
7.27%
QASH
Total weight of top 10 holdings out of 43 total
69.60%
Characteristics
Compare
QCB
QASH
| Provider | Mackenzie Investments | Mackenzie Investments |
| Management | Passively managed | Passively managed |
| Benchmark | Solactive Canadian Corporate Bond Index - CAD | Solactive Canadian Ultra Short Bond GTR Index - CAD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Fixed Income | Fixed Income |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 4.25% | 3.51% |
| Meets ESG criteria | No | No |
| Inception Date | January 29, 2018 | November 20, 2023 |
Frequently asked questions about QCB and QASH
Which ETF has performed better year to date: QCB or QASH?
As of September 10, 2026, QCB has returned -0.27% year to date, while QASH has returned 1.61%. QASH is ahead on YTD performance.
Which ETF is larger by assets under management: QCB or QASH?
As of September 10, 2026, QCB manages $613.48 M in assets, while QASH manages $136.78 M. QCB is the larger fund by AUM.
How are QCB and QASH managed?
QCB is passively managed by Mackenzie Investments. It tracks the Solactive Canadian Corporate Bond Index - CAD benchmark. QASH is passively managed by Mackenzie Investments. It tracks the Solactive Canadian Ultra Short Bond GTR Index - CAD benchmark.
What sectors do QCB and QASH emphasize?
QCB is most exposed to Finance, Utilities, and Energy. QASH is most exposed to Finance, Municipal, and Energy.
Which ETF is attracting more investor flows: QCB or QASH?
Year to date, QCB has seen +$62.42 M in net flows, compared with -$14.03 M for QASH. QCB has attracted more net investor money so far.
How do the fees of QCB and QASH compare?
QCB has an expense ratio of 0.15%, while QASH has an expense ratio of 0.17%.
What are the top holdings of QCB and QASH?
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. QASH's top holdings include Montreal, 2.75% 1sep2026, CAD, Toronto, 2.4% 7jun2027, CAD, and OPB Finance Trust, 2.98% 25jan2027, CAD (F).
Which ETF is more diversified: QCB or QASH?
QCB holds 729 securities, while QASH holds 43. On holdings count, QCB is the more diversified portfolio.
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