VS
Compare Mackenzie Canadian All Corporate Bond Index ETF (QCB) vs Vanguard Canadian Short-Term Corporate Bond Index ETF (VSC) to find the best fit for your portfolio. QCB provides Finance, Utilities, and Energy exposures, while VSC is primarily weighted in Finance, Energy, and Telecommunications. When evaluating costs, QCB features a management fee (MER) of 0.14%, compared to 0.1% for VSC. Performance-wise, QCB has returned 0.27% year-to-date with +$62 M in net flows, whereas VSC is at 0.77% with +$346 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
VSC
| AuM | $613.48 M | $1,618.80 M |
| Management Fees | 0.14% | 0.10% |
| Exp. ratio | 0.15% | 0.11% |
| Tracking Difference | -0.05% | -0.19% |
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% |
VSC | -0.51% | -0.58% | +0.77% | +1.85% | +19.99% | |
| Flows | QCB | +$19 M | +$50 M | +$62 M | -$34 M | +$201 M |
VSC | +$70 M | +$135 M | +$346 M | +$533 M | +$593 M |
QCB vs VSC exposure
Countries
QCB
Canada
88.90%
USA
9.40%
VSC
Canada
88.89%
USA
8.55%
Sectors
QCB
Finance
44.21%
Utilities
16.68%
Energy
13.36%
Industrials
7.31%
Other
18.44%
VSC
Finance
65.86%
Energy
7.68%
Other
26.45%
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%
VSC
Royal Bank of Canada, 3.572% 9dec2031, CAD
1.15%
Toronto-Dominion Bank, 3.687% 9jan2032, CAD
0.92%
Bank of Nova Scotia, 3.61% 30jan2032, CAD
0.91%
Royal Bank of Canada, 4.632% 1may2028, CAD
0.91%
CIBC, 3.65% 13jan2032, CAD
0.86%
Bank of Montreal, 4.709% 7dec2027, CAD
0.85%
Bank of Nova Scotia, 3.734% 27jun2031, CAD
0.83%
Toronto-Dominion Bank, 4.477% 18jan2028, CAD
0.81%
Bank of Montreal, 3.19% 1mar2028, CAD
0.79%
Bank of Montreal, 3.539% 3mar2032, CAD
0.77%
Diversification
QCB
Total weight of top 10 holdings out of 729 total
7.27%
VSC
Total weight of top 10 holdings out of 450 total
8.81%
Characteristics
Compare
QCB
VSC
| Provider | Mackenzie Investments | Vanguard |
| Management | Passively managed | Passively managed |
| Benchmark | Solactive Canadian Corporate Bond Index - CAD | Bloomberg Global Aggregate Canadian Credit 1-5Y 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% | 4.04% |
| Meets ESG criteria | No | No |
| Inception Date | January 29, 2018 | November 2, 2012 |
Frequently asked questions about QCB and VSC
Which ETF has performed better year to date: QCB or VSC?
As of September 10, 2026, QCB has returned -0.27% year to date, while VSC has returned 0.77%. VSC is ahead on YTD performance.
Which ETF is larger by assets under management: QCB or VSC?
As of September 10, 2026, QCB manages $613.48 M in assets, while VSC manages $1.62 B. VSC is the larger fund by AUM.
How are QCB and VSC managed?
QCB is passively managed by Mackenzie Investments. It tracks the Solactive Canadian Corporate Bond Index - CAD benchmark. VSC is passively managed by Vanguard. It tracks the Bloomberg Global Aggregate Canadian Credit 1-5Y Total Return Index - CAD benchmark.
What sectors do QCB and VSC emphasize?
QCB is most exposed to Finance, Utilities, and Energy. VSC is most exposed to Finance, Energy, and Telecommunications.
Which ETF is attracting more investor flows: QCB or VSC?
Year to date, QCB has seen +$62.42 M in net flows, compared with +$345.73 M for VSC. VSC has attracted more net investor money so far.
How do the fees of QCB and VSC compare?
QCB has an expense ratio of 0.15%, while VSC has an expense ratio of 0.11%.
What are the top holdings of QCB and VSC?
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. VSC's top holdings include Royal Bank of Canada, 3.572% 9dec2031, CAD, Toronto-Dominion Bank, 3.687% 9jan2032, CAD, and Bank of Nova Scotia, 3.61% 30jan2032, CAD.
Which ETF is more diversified: QCB or VSC?
QCB holds 729 securities, while VSC holds 450. On holdings count, QCB is the more diversified portfolio.
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