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Compare Mackenzie Canadian Short-Term Bond Index ETF (QSB) vs Mackenzie Canadian Aggregate Bond Index ETF (QBB) to find the best fit for your portfolio. QSB provides Sovereign, Finance, and Municipal exposures, while QBB is primarily weighted in Sovereign, Municipal, and Finance. When evaluating costs, QSB features a management fee (MER) of 0.08%, compared to 0.07% for QBB. Performance-wise, QSB has returned 0.94% year-to-date with +$6 M in net flows, whereas QBB is at 0.06% with +$265 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
QBB
| AuM | $55.34 M | $1,533.40 M |
| Management Fees | 0.08% | 0.07% |
| Exp. ratio | 0.09% | 0.08% |
| Tracking Difference | 0.06% | -0.04% |
Historical performance and flows
As of September 3, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | QSB | -0.40% | -0.06% | +0.94% | +1.97% | +14.81% |
QBB | -1.17% | -1.52% | +0.06% | +1.57% | +13.49% | |
| Flows | QSB | +$10 M | +$4 M | +$6 M | +$10 M | -$92 M |
QBB | +$114 M | +$177 M | +$265 M | +$358 M | +$661 M |
QSB vs QBB exposure
Countries
QSB
Canada
96.49%
QBB
Canada
96.25%
Sectors
QSB
Sovereign
27.52%
Finance
26.83%
Municipal
18.24%
Government Agencies
14.32%
Other
13.10%
QBB
Sovereign
29.50%
Municipal
29.15%
Finance
14.93%
Government Agencies
9.57%
Other
16.85%
As of September 3, 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%
QBB
Canada, Bond 1.25 1jun2030 10Y
3.56%
Canada, Bond 1.5 1jun2031 10Y
2.34%
Canada, Bond 0.5 1oct2030 10Y
1.99%
Province of Ontario, 4.6% 2jun2039, CAD (DMTN182)
1.97%
Canada, Bond 2 1jan2051 30Y
1.74%
Canada, Bonds 3% 1jun2034, CAD
1.71%
Canada, Bonds 2.75% 1dec2055, CAD
1.36%
Canada Housing Trust, 4.25% 15mar2034, CAD (118)
1.24%
Canada, Bond 2 1jun2028 10Y
1.16%
Canada, Bonds 1.5% 1dec2031 10Y
1.14%
Diversification
QSB
Total weight of top 10 holdings out of 217 total
30.08%
QBB
Total weight of top 10 holdings out of 1,159 total
18.21%
Characteristics
Compare
QSB
QBB
| Provider | Mackenzie Investments | Mackenzie Investments |
| Management | Passively managed | Passively managed |
| Benchmark | Solactive Canadian Select Short Term Bond Index - CAD | Solactive Canadian Float Adjusted Universe Bond Index - CAD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Fixed Income | Fixed Income |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 2.85% | 3.22% |
| Meets ESG criteria | No | No |
| Inception Date | January 29, 2018 | January 29, 2018 |
Frequently asked questions about QSB and QBB
Which ETF has performed better year to date: QSB or QBB?
As of September 3, 2026, QSB has returned 0.94% year to date, while QBB has returned 0.06%. QSB is ahead on YTD performance.
Which ETF is larger by assets under management: QSB or QBB?
As of September 3, 2026, QSB manages $55.34 M in assets, while QBB manages $1.53 B. QBB is the larger fund by AUM.
How are QSB and QBB managed?
QSB is passively managed by Mackenzie Investments. It tracks the Solactive Canadian Select Short Term Bond Index - CAD benchmark. QBB is passively managed by Mackenzie Investments. It tracks the Solactive Canadian Float Adjusted Universe Bond Index - CAD benchmark.
What sectors do QSB and QBB emphasize?
QSB is most exposed to Sovereign, Finance, and Municipal. QBB is most exposed to Sovereign, Municipal, and Finance.
Which ETF is attracting more investor flows: QSB or QBB?
Year to date, QSB has seen +$6.02 M in net flows, compared with +$265.47 M for QBB. QBB has attracted more net investor money so far.
How do the fees of QSB and QBB compare?
QSB has an expense ratio of 0.09%, while QBB has an expense ratio of 0.08%.
What are the top holdings of QSB and QBB?
QSB's largest holdings include Canada, Bond 1.25 1jun2030 10Y, Canada, Bonds 2.75% 1mar2031, CAD, and Canada, Bonds 3.5% 1sep2029, CAD. QBB's top holdings include Canada, Bond 1.25 1jun2030 10Y, Canada, Bond 1.5 1jun2031 10Y, and Canada, Bond 0.5 1oct2030 10Y.
Which ETF is more diversified: QSB or QBB?
QSB holds 217 securities, while QBB holds 1159. On holdings count, QBB is the more diversified portfolio.
Recent articles about QSB and QBB
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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.