VS
Mackenzie US TIPS Index ETF (QTIP) and RBC U.S. Discount Bond ETF (RUDB.U) offer distinct profiles for Canadian ETF investors. A direct comparison shows that QTIP focuses its top 3 sector exposures on Sovereign, while RUDB.U leans towards Sovereign, Finance, and Telecommunications. When evaluating costs, QTIP features a management fee (MER) of 0.15%, compared to 0.25% for RUDB.U. Performance-wise, QTIP has returned 1.22% year-to-date with +$6 M in net flows, whereas RUDB.U is at 0.39% with +$11 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
QTIP
RUDB.U
| AuM | $396.78 M | $75.65 M |
| Management Fees | 0.15% | 0.25% |
| Exp. ratio | 0.17% | 0.28% |
| Tracking Difference | -0.11% | - |
Historical performance and flows
As of November 2, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | QTIP | +2.19% | -1.01% | -1.22% | -1.79% | +8.52% |
RUDB.U | +0.98% | -0.02% | +0.39% | +1.09% | +12.52% | |
| Flows | QTIP | -$3 M | +$21 M | +$6 M | +$28 M | +$24 M |
RUDB.U | -$1 M | +$7 M | +$11 M | +$11 M | +$59 M |
QTIP vs RUDB.U exposure
Countries
QTIP
USA
100.00%
RUDB.U
USA
98.35%
Sectors
QTIP
Sovereign
100.00%
RUDB.U
Sovereign
84.97%
Finance
7.96%
Other
7.07%
As of November 2, 2026
Top 10 Holdings
QTIP
USA, TIPS 1.875% 15jul2035, USD (D-2035)
5.79%
USA, TIPS 0.125% 15jan2031, USD (A-2031)
5.60%
USA, TIPS 0.125% 15jul2031, USD (D-2031)
4.84%
USA, TIPS 2.125% 15jan2035, USD (A-2035)
4.71%
USA, TIPS 1.75% 15jan2034, USD (A-2034)
4.61%
USA, TIPS 1.875% 15jul2034, USD (D-2034)
4.39%
USA, TIPS 0.875% 15jan2029, USD (A-2029)
4.31%
USA, TIPS 0.5% 15jan2028, USD (A-2028)
3.78%
USA, TIPS 1.25% 15apr2028, USD (X-2028)
3.71%
USA, TIPS 1.625% 15apr2030, USD (X-2030)
3.70%
RUDB.U
USA, Notes 0.5% 31oct2027, USD (R-2027)
8.77%
USA, Notes 0.625% 15may2030, USD (C-2030)
8.09%
USA, Notes 0.625% 15aug2030, USD (E-2030)
8.01%
USA, Notes 1.25% 30apr2028, USD (K-2028)
7.99%
USA, Notes 0.375% 31jul2027, USD (N-2027)
7.96%
USA, Notes 1.125% 15feb2031, USD (B-2031)
7.28%
USA, Notes 1.625% 15aug2029, USD (E-2029)
6.51%
USA, Notes 0.75% 31jan2028, USD (G-2028)
6.30%
USA, Notes 1.125% 31aug2028, USD (P-2028)
5.92%
USA, Notes 0.875% 15nov2030, USD (F-2030)
5.50%
Diversification
QTIP
Total weight of top 10 holdings out of 47 total
45.44%
RUDB.U
Total weight of top 10 holdings out of 53 total
72.34%
Characteristics
Compare
QTIP
RUDB.U
| Provider | Mackenzie Investments | RBC Global Asset Management |
| Management | Passively managed | Actively managed |
| Benchmark | Solactive US Treasury Inflation-Linked Bond Hedged to CAD TR Index - CAD | - |
| Replication Method | Direct (Physical) | - |
| Asset Class | Fixed Income | Fixed Income |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 5.49% | 1.38% |
| Meets ESG criteria | No | No |
| Inception Date | January 24, 2018 | May 18, 2023 |
Frequently asked questions about QTIP and RUDB.U
Which ETF has performed better year to date: QTIP or RUDB.U?
As of November 2, 2026, QTIP has returned -1.22% year to date, while RUDB.U has returned 0.39%. RUDB.U is ahead on YTD performance.
Which ETF is larger by assets under management: QTIP or RUDB.U?
As of November 2, 2026, QTIP manages $396.78 M in assets, while RUDB.U manages $75.65 M. QTIP is the larger fund by AUM.
How are QTIP and RUDB.U managed?
QTIP is passively managed by Mackenzie Investments. It tracks the Solactive US Treasury Inflation-Linked Bond Hedged to CAD TR Index - CAD benchmark. RUDB.U is actively managed by RBC Global Asset Management. It does not track an index.
What sectors do QTIP and RUDB.U emphasize?
QTIP is most exposed to Sovereign. RUDB.U is most exposed to Sovereign, Finance, and Telecommunications.
Which ETF is attracting more investor flows: QTIP or RUDB.U?
Year to date, QTIP has seen +$5.60 M in net flows, compared with +$10.95 M for RUDB.U. RUDB.U has attracted more net investor money so far.
How do the fees of QTIP and RUDB.U compare?
QTIP has an expense ratio of 0.17%, while RUDB.U has an expense ratio of 0.28%.
What are the top holdings of QTIP and RUDB.U?
QTIP's largest holdings include USA, TIPS 1.875% 15jul2035, USD (D-2035), USA, TIPS 0.125% 15jan2031, USD (A-2031), and USA, TIPS 0.125% 15jul2031, USD (D-2031). RUDB.U's top holdings include USA, Notes 0.5% 31oct2027, USD (R-2027), USA, Notes 0.625% 15may2030, USD (C-2030), and USA, Notes 0.625% 15aug2030, USD (E-2030).
Which ETF is more diversified: QTIP or RUDB.U?
QTIP holds 47 securities, while RUDB.U holds 53. On holdings count, RUDB.U is the more diversified portfolio.
Recent articles about QTIP and RUDB.U
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