VS
Compare Mackenzie Canadian All Corporate Bond Index ETF (QCB) vs TD Select Short Term Corporate Bond Ladder ETF (TCSB) to find the best fit for your portfolio. QCB provides Finance, Utilities, and Energy exposures, while TCSB is primarily weighted in Finance, Energy, and Telecommunications. When evaluating costs, QCB features a management fee (MER) of 0.14%, compared to 0.27% for TCSB. Performance-wise, QCB has returned 0.27% year-to-date with +$62 M in net flows, whereas TCSB is at 0.71% with +$416 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
TCSB
| AuM | $613.48 M | $917.93 M |
| Management Fees | 0.14% | 0.27% |
| Exp. ratio | 0.15% | 0.28% |
| 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% |
TCSB | -0.44% | -0.44% | +0.71% | +1.28% | +17.11% | |
| Flows | QCB | +$19 M | +$50 M | +$62 M | -$34 M | +$201 M |
TCSB | +$26 M | +$106 M | +$416 M | +$600 M | +$877 M |
QCB vs TCSB exposure
Countries
QCB
Canada
88.90%
USA
9.40%
TCSB
Canada
88.55%
USA
10.80%
Sectors
QCB
Finance
44.21%
Utilities
16.68%
Energy
13.36%
Industrials
7.31%
Other
18.44%
TCSB
Finance
53.43%
Energy
14.37%
Telecommunications
11.20%
Utilities
9.37%
Other
11.63%
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%
TCSB
Federation des caisses Desjardins du Quebec, FRN 15may2034, CAD
2.77%
RioCan REIT, 5.455% 1mar2031, CAD (AK)
2.58%
Royal Bank of Canada, 2.94% 3may2032, CAD (25)
2.50%
Brookfield Infrastructure Partners, 3.7% 6jan2031, CAD (15)
2.40%
Primaris REIT, 4.468% 1mar2031, CAD
2.38%
National Bank of Canada, 5.279% 15feb2034, CAD
2.25%
Bank of Nova Scotia, 5.679% 2aug2033, CAD
2.22%
National Bank of Canada, 5.426% 16aug2032, CAD
2.21%
TELUS, 4.95% 18feb2031, CAD (CAP)
2.13%
CIBC, 5.3% 16jan2034, CAD
2.11%
Diversification
QCB
Total weight of top 10 holdings out of 729 total
7.27%
TCSB
Total weight of top 10 holdings out of 115 total
23.57%
Characteristics
Compare
QCB
TCSB
| Provider | Mackenzie Investments | TD Asset Management |
| 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% | 3.07% |
| Meets ESG criteria | No | No |
| Inception Date | January 29, 2018 | November 14, 2018 |
Frequently asked questions about QCB and TCSB
Which ETF has performed better year to date: QCB or TCSB?
As of September 10, 2026, QCB has returned -0.27% year to date, while TCSB has returned 0.71%. TCSB is ahead on YTD performance.
Which ETF is larger by assets under management: QCB or TCSB?
As of September 10, 2026, QCB manages $613.48 M in assets, while TCSB manages $917.93 M. TCSB is the larger fund by AUM.
How are QCB and TCSB managed?
QCB is passively managed by Mackenzie Investments. It tracks the Solactive Canadian Corporate Bond Index - CAD benchmark. TCSB is actively managed by TD Asset Management. It does not track an index.
What sectors do QCB and TCSB emphasize?
QCB is most exposed to Finance, Utilities, and Energy. TCSB is most exposed to Finance, Energy, and Telecommunications.
Which ETF is attracting more investor flows: QCB or TCSB?
Year to date, QCB has seen +$62.42 M in net flows, compared with +$416.30 M for TCSB. TCSB has attracted more net investor money so far.
How do the fees of QCB and TCSB compare?
QCB has an expense ratio of 0.15%, while TCSB has an expense ratio of 0.28%.
What are the top holdings of QCB and TCSB?
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. TCSB's top holdings include Federation des caisses Desjardins du Quebec, FRN 15may2034, CAD, RioCan REIT, 5.455% 1mar2031, CAD (AK), and Royal Bank of Canada, 2.94% 3may2032, CAD (25).
Which ETF is more diversified: QCB or TCSB?
QCB holds 729 securities, while TCSB holds 115. On holdings count, QCB is the more diversified portfolio.
The ETF Market Canada is brought to you by Cboe in partnership with Trackinsight SA who is providing all the data, analysis and editorial content on this site. Unless explicitly stated as such, any information that you receive is not real-time.
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.
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.