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Compare Mackenzie Canadian Short-Term Bond Index ETF (QSB) vs CI Canadian Aggregate Bond Index ETF (CAGG) to find the best fit for your portfolio. QSB provides Sovereign, Finance, and Municipal exposures, while CAGG is primarily weighted in Sovereign, Municipal, and Finance. When evaluating costs, QSB features a management fee (MER) of 0.08%, compared to 0.18% for CAGG. Performance-wise, QSB has returned 0.94% year-to-date with +$6 M in net flows, whereas CAGG is at 0.06% with -$234 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
QSB
CAGG
| AuM | $55.34 M | $719.87 M |
| Management Fees | 0.08% | 0.18% |
| Exp. ratio | 0.09% | 0.08% |
| Tracking Difference | 0.06% | - |
Historical performance and flows
As of September 2, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | QSB | -0.40% | -0.09% | +0.94% | +2.10% | +14.80% |
CAGG | -1.20% | -1.54% | +0.06% | +1.58% | +14.05% | |
| Flows | QSB | +$10 M | +$4 M | +$6 M | +$10 M | -$92 M |
CAGG | -$31 M | -$15 M | -$234 M | -$589 M | +$718 M |
QSB vs CAGG exposure
Countries
QSB
Canada
96.49%
CAGG
Canada
96.36%
Sectors
QSB
Sovereign
27.52%
Finance
26.83%
Municipal
18.24%
Government Agencies
14.32%
Other
13.10%
CAGG
Sovereign
34.56%
Municipal
31.38%
Finance
11.84%
Government Agencies
9.39%
Other
12.84%
As of September 2, 2026
Top 10 Holdings
QSB
Canada, Bond 1.25 1jun2030 10Y
6.62%
Canada, Bonds 2.75% 1mar2031, CAD
3.87%
Canada, Bonds 3.5% 1sep2029, CAD
3.35%
Canada Housing Trust, 3.1% 15jun2028, CAD (113)
2.75%
Canada, Bond 1.5 1jun2031 10Y
2.69%
Canada, Bonds 4% 1mar2029, CAD
2.49%
Canada Housing Trust, 2.85% 15dec2030, CAD (129)
2.30%
CMHC, 1.75% 15jun2030, CAD (92)
2.27%
Province of Ontario, 2.15% 2jun2031, CAD (DMTN249)
1.92%
CMHC, 3.2% 15jun2031, CAD (132)
1.81%
CAGG
Canada, Bonds 3% 1jun2034, CAD
4.29%
Canada, Bonds 2.5% 1nov2027, CAD
3.68%
Canada, Bond 2.25 1jun2029 10Y
2.89%
Canada Housing Trust, 1.1% 15mar2031, CAD (95)
2.68%
Province of Quebec, 3.5% 1dec2048, CAD (B117)
2.41%
Canada, Bonds 2.75% 1dec2055, CAD
2.32%
Canada Housing Trust, 3.55% 15sep2032, CAD (107)
2.23%
Bank of Montreal, 3.19% 1mar2028, CAD
2.21%
Province of Quebec, 2.75% 1sep2028, CAD (B124)
2.20%
Canada, Bonds 2.25% 1feb2028, CAD
2.19%
Diversification
QSB
Total weight of top 10 holdings out of 217 total
30.08%
CAGG
Total weight of top 10 holdings out of 85 total
27.10%
Characteristics
Compare
QSB
CAGG
| Provider | Mackenzie Investments | CI |
| Management | Passively managed | Passively managed |
| Benchmark | Solactive Canadian Select Short Term Bond Index - CAD | FTSE Canada Universe Bond TR Index - CAD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Fixed Income | Fixed Income |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 2.85% | 3.64% |
| Meets ESG criteria | No | No |
| Inception Date | January 29, 2018 | June 22, 2017 |
Frequently asked questions about QSB and CAGG
Which ETF has performed better year to date: QSB or CAGG?
As of September 2, 2026, QSB has returned 0.94% year to date, while CAGG has returned 0.06%. QSB is ahead on YTD performance.
Which ETF is larger by assets under management: QSB or CAGG?
As of September 2, 2026, QSB manages $55.34 M in assets, while CAGG manages $719.87 M. CAGG is the larger fund by AUM.
How are QSB and CAGG managed?
QSB is passively managed by Mackenzie Investments. It tracks the Solactive Canadian Select Short Term Bond Index - CAD benchmark. CAGG is passively managed by CI. It tracks the FTSE Canada Universe Bond TR Index - CAD benchmark.
What sectors do QSB and CAGG emphasize?
QSB is most exposed to Sovereign, Finance, and Municipal. CAGG is most exposed to Sovereign, Municipal, and Finance.
Which ETF is attracting more investor flows: QSB or CAGG?
Year to date, QSB has seen +$6.02 M in net flows, compared with -$234.44 M for CAGG. QSB has attracted more net investor money so far.
How do the fees of QSB and CAGG compare?
QSB has an expense ratio of 0.09%, while CAGG has an expense ratio of 0.08%.
What are the top holdings of QSB and CAGG?
QSB's largest holdings include Canada, Bond 1.25 1jun2030 10Y, Canada, Bonds 2.75% 1mar2031, CAD, and Canada, Bonds 3.5% 1sep2029, CAD. CAGG's top holdings include Canada, Bonds 3% 1jun2034, CAD, Canada, Bonds 2.5% 1nov2027, CAD, and Canada, Bond 2.25 1jun2029 10Y.
Which ETF is more diversified: QSB or CAGG?
QSB holds 217 securities, while CAGG holds 85. On holdings count, QSB 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.