VS
Mackenzie US Government Long Bond Index ETF (QTLT) and Mackenzie US TIPS Index ETF (QTIP) offer distinct profiles for Canadian ETF investors. A direct comparison shows that QTLT focuses its top 3 sector exposures on Sovereign, while QTIP leans towards Sovereign. When evaluating costs, QTLT features a management fee (MER) of 0.18%, compared to 0.15% for QTIP. Performance-wise, QTLT has returned 2.21% year-to-date with +$35 M in net flows, whereas QTIP is at 1.5% with -$12 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
QTIP
| AuM | $160.15 M | $383.19 M |
| Management Fees | 0.18% | 0.15% |
| Exp. ratio | 0.20% | 0.17% |
| Tracking Difference | -0.37% | -0.09% |
Historical performance and flows
As of September 1, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | QTLT | -0.52% | -2.75% | -2.21% | +0.59% | - |
QTIP | -1.29% | -2.48% | -1.50% | -1.52% | +7.14% | |
| Flows | QTLT | +$4 M | +$19 M | +$35 M | +$41 M | - |
QTIP | +$3 M | +$3 M | -$12 M | +$27 M | -$0 M |
QTLT vs QTIP exposure
Countries
QTLT
USA
100.07%
QTIP
USA
100.00%
Sectors
QTLT
Sovereign
100.07%
QTIP
Sovereign
100.00%
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%
QTIP
USA, TIPS 1.875% 15jul2034, USD (D-2034)
5.31%
USA, TIPS 1.875% 15jul2035, USD (D-2035)
5.13%
USA, TIPS 0.125% 15jan2031, USD (A-2031)
5.11%
USA, TIPS 0.125% 15jul2031, USD (D-2031)
5.01%
USA, TIPS 1.75% 15jan2034, USD (A-2034)
4.83%
USA, TIPS 2.125% 15jan2035, USD (A-2035)
4.73%
USA, TIPS 0.875% 15jan2029, USD (A-2029)
4.38%
USA, TIPS 1.625% 15oct2027, USD (AE-2027)
4.26%
USA, TIPS 0.5% 15jan2028, USD (A-2028)
3.82%
USA, TIPS 1.25% 15apr2028, USD (X-2028)
3.75%
Diversification
QTLT
Total weight of top 10 holdings out of 33 total
62.65%
QTIP
Total weight of top 10 holdings out of 45 total
46.33%
Characteristics
Compare
QTLT
QTIP
| Provider | Mackenzie Investments | Mackenzie Investments |
| Management | Passively managed | Passively managed |
| Benchmark | Solactive US 20+ Year Treasury Bond CAD GTR Index - CAD | Solactive US Treasury Inflation-Linked Bond Hedged to CAD TR Index - CAD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Fixed Income | Fixed Income |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 4.20% | 4.99% |
| Meets ESG criteria | No | No |
| Inception Date | November 20, 2023 | January 24, 2018 |
Frequently asked questions about QTLT and QTIP
Which ETF has performed better year to date: QTLT or QTIP?
As of September 1, 2026, QTLT has returned -2.21% year to date, while QTIP has returned -1.50%. QTIP is ahead on YTD performance.
Which ETF is larger by assets under management: QTLT or QTIP?
As of September 1, 2026, QTLT manages $160.15 M in assets, while QTIP manages $383.19 M. QTIP is the larger fund by AUM.
How are QTLT and QTIP managed?
QTLT is passively managed by Mackenzie Investments. It tracks the Solactive US 20+ Year Treasury Bond CAD GTR Index - CAD benchmark. QTIP is passively managed by Mackenzie Investments. It tracks the Solactive US Treasury Inflation-Linked Bond Hedged to CAD TR Index - CAD benchmark.
What sectors do QTLT and QTIP emphasize?
QTLT is most exposed to Sovereign. QTIP is most exposed to Sovereign.
Which ETF is attracting more investor flows: QTLT or QTIP?
Year to date, QTLT has seen +$34.87 M in net flows, compared with -$11.81 M for QTIP. QTLT has attracted more net investor money so far.
How do the fees of QTLT and QTIP compare?
QTLT has an expense ratio of 0.20%, while QTIP has an expense ratio of 0.17%.
What are the top holdings of QTLT and QTIP?
QTLT's largest holdings include USA, Bonds 2% 15aug2051, USD, USA, Bonds 2.25% 15feb2052, USD, and USA, Bonds 2.375% 15may2051, USD. QTIP's top holdings include USA, TIPS 1.875% 15jul2034, USD (D-2034), USA, TIPS 1.875% 15jul2035, USD (D-2035), and USA, TIPS 0.125% 15jan2031, USD (A-2031).
Which ETF is more diversified: QTLT or QTIP?
QTLT holds 33 securities, while QTIP holds 45. On holdings count, QTIP is the more diversified portfolio.
Recent articles about QTLT and QTIP
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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.