VS
Mackenzie US Government Long Bond Index ETF (QTLT) and Evolve Enhanced Yield Bond Fund ETF (BOND) offer distinct profiles for Canadian ETF investors. A direct comparison shows that QTLT focuses its top 3 sector exposures on Sovereign, while BOND leans towards Sovereign and Non-Corporate. When evaluating costs, QTLT features a management fee (MER) of 0.18%, compared to 0.75% for BOND. Performance-wise, QTLT has returned 2.21% year-to-date with +$35 M in net flows, whereas BOND is at 2.43% with +$6 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
QTLT
BOND
| AuM | $160.15 M | $128.90 M |
| Management Fees | 0.18% | 0.75% |
| Exp. ratio | 0.20% | 0.74% |
| Tracking Difference | -0.37% | - |
Historical performance and flows
As of September 1, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | QTLT | -0.52% | -2.75% | -2.21% | +0.59% | - |
BOND | -0.41% | -2.80% | -2.43% | -0.89% | - | |
| Flows | QTLT | +$4 M | +$19 M | +$35 M | +$41 M | - |
BOND | -$3 M | -$2 M | +$6 M | -$43 M | - |
QTLT vs BOND exposure
Countries
QTLT
USA
100.07%
BOND
USA
98.54%
Sectors
QTLT
Sovereign
100.07%
BOND
Sovereign
98.54%
As of September 1, 2026
Top 10 Holdings
QTLT
USA, Bonds 2% 15aug2051, USD
13.48%
USA, Bonds 2.25% 15feb2052, USD
7.28%
USA, Bonds 2.375% 15may2051, USD
6.25%
USA, Bonds 4.25% 15feb2054, USD
5.77%
USA, Bonds 4.25% 15aug2054, USD
5.67%
USA, Bonds 1.625% 15nov2050, USD
5.57%
USA, Bonds 1.875% 15nov2051, USD
5.50%
USA, Bonds 2.875% 15may2049, USD
5.50%
USA, Bonds 4.75% 15feb2056, USD
4.02%
USA, Bonds 1.875% 15feb2051, USD
3.60%
BOND
USA, Bonds 4.75% 15may2055, USD
3.53%
USA, Bonds 4.75% 15nov2053, USD
3.52%
USA, Bonds 4.125% 15aug2053, USD
3.48%
USA, Bonds 4.625% 15may2054, USD
3.45%
USA, Bonds 4.25% 15feb2054, USD
3.24%
USA, Bonds 4.75% 15feb2056, USD
3.23%
USA, Bonds 4.25% 15aug2054, USD
3.17%
USA, Bonds 4.625% 15feb2055, USD
3.15%
USA, Bonds 4.5% 15nov2054, USD
3.04%
USA, Bonds 3.625% 15may2053, USD
2.89%
Diversification
QTLT
Total weight of top 10 holdings out of 33 total
62.65%
BOND
Total weight of top 10 holdings out of 100 total
32.70%
Characteristics
Compare
QTLT
BOND
| Provider | Mackenzie Investments | Evolve ETFs |
| Management | Passively managed | Actively managed |
| Benchmark | Solactive US 20+ Year Treasury Bond CAD GTR Index - CAD | - |
| Replication Method | Direct (Physical) | |
| Asset Class | Fixed Income | Fixed Income |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 4.20% | 13.66% |
| Meets ESG criteria | No | No |
| Inception Date | November 20, 2023 | October 4, 2023 |
Frequently asked questions about QTLT and BOND
Which ETF has performed better year to date: QTLT or BOND?
As of September 1, 2026, QTLT has returned -2.21% year to date, while BOND has returned -2.43%. QTLT is ahead on YTD performance.
Which ETF is larger by assets under management: QTLT or BOND?
As of September 1, 2026, QTLT manages $160.15 M in assets, while BOND manages $128.90 M. QTLT is the larger fund by AUM.
How are QTLT and BOND managed?
QTLT is passively managed by Mackenzie Investments. It tracks the Solactive US 20+ Year Treasury Bond CAD GTR Index - CAD benchmark. BOND is actively managed by Evolve ETFs. It does not track an index.
What sectors do QTLT and BOND emphasize?
QTLT is most exposed to Sovereign. BOND is most exposed to Sovereign and Non-Corporate.
Which ETF is attracting more investor flows: QTLT or BOND?
Year to date, QTLT has seen +$34.87 M in net flows, compared with +$6.39 M for BOND. QTLT has attracted more net investor money so far.
How do the fees of QTLT and BOND compare?
QTLT has an expense ratio of 0.20%, while BOND has an expense ratio of 0.74%.
What are the top holdings of QTLT and BOND?
QTLT's largest holdings include USA, Bonds 2% 15aug2051, USD, USA, Bonds 2.25% 15feb2052, USD, and USA, Bonds 2.375% 15may2051, USD. BOND's top holdings include USA, Bonds 4.75% 15may2055, USD, USA, Bonds 4.75% 15nov2053, USD, and USA, Bonds 4.125% 15aug2053, USD.
Which ETF is more diversified: QTLT or BOND?
QTLT holds 33 securities, while BOND holds 100. On holdings count, BOND is the more diversified portfolio.
Recent articles about QTLT and BOND
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