VS
Compare Mackenzie US Government Long Bond Index ETF (QTLT) vs TD U.S. Long Term Treasury Bond ETF (TULB) to find the best fit for your portfolio. QTLT and TULB provide the same top sector exposures: Sovereign. When evaluating costs, QTLT features a management fee (MER) of 0.18%, compared to 0.23% for TULB. Performance-wise, QTLT has returned 2.21% year-to-date with +$35 M in net flows, whereas TULB is at 2.8% with +$154 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
TULB
| AuM | $160.15 M | $271.33 M |
| Management Fees | 0.18% | 0.23% |
| Exp. ratio | 0.20% | 0.23% |
| 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% | - |
TULB | -0.63% | -3.18% | -2.80% | +0.44% | +2.67% | |
| Flows | QTLT | +$4 M | +$19 M | +$35 M | +$41 M | - |
TULB | +$21 M | +$53 M | +$154 M | +$186 M | +$162 M |
QTLT vs TULB exposure
Countries
QTLT
USA
100.07%
TULB
USA
99.89%
Sectors
QTLT
Sovereign
100.07%
TULB
Sovereign
99.89%
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%
TULB
USA, Bonds 4.625% 15nov2055, USD
12.77%
USA, Bonds 4.75% 15feb2056, USD
12.38%
USA, Bonds 1.875% 15nov2051, USD
9.03%
USA, Bonds 4.75% 15may2055, USD
9.01%
USA, Bonds 2.25% 15aug2049, USD
8.83%
USA, Bonds 4% 15nov2052, USD
7.86%
USA, Bonds 4.75% 15nov2053, USD
7.34%
USA, Bonds 4.25% 15feb2054, USD
6.75%
USA, Bonds 5% 15may2056, USD
6.20%
USA, Bonds 4.5% 15nov2054, USD
5.34%
Diversification
QTLT
Total weight of top 10 holdings out of 33 total
62.65%
TULB
Total weight of top 10 holdings out of 18 total
85.51%
Characteristics
Compare
QTLT
TULB
| Provider | Mackenzie Investments | TD Asset Management |
| 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% | 4.79% |
| Meets ESG criteria | No | No |
| Inception Date | November 20, 2023 | November 26, 2019 |
Frequently asked questions about QTLT and TULB
Which ETF has performed better year to date: QTLT or TULB?
As of September 1, 2026, QTLT has returned -2.21% year to date, while TULB has returned -2.80%. QTLT is ahead on YTD performance.
Which ETF is larger by assets under management: QTLT or TULB?
As of September 1, 2026, QTLT manages $160.15 M in assets, while TULB manages $271.33 M. TULB is the larger fund by AUM.
How are QTLT and TULB managed?
QTLT is passively managed by Mackenzie Investments. It tracks the Solactive US 20+ Year Treasury Bond CAD GTR Index - CAD benchmark. TULB is actively managed by TD Asset Management. It does not track an index.
What sectors do QTLT and TULB emphasize?
QTLT is most exposed to Sovereign. TULB is most exposed to Sovereign.
Which ETF is attracting more investor flows: QTLT or TULB?
Year to date, QTLT has seen +$34.87 M in net flows, compared with +$154.32 M for TULB. TULB has attracted more net investor money so far.
How do the fees of QTLT and TULB compare?
QTLT has an expense ratio of 0.20%, while TULB has an expense ratio of 0.23%.
What are the top holdings of QTLT and TULB?
QTLT's largest holdings include USA, Bonds 2% 15aug2051, USD, USA, Bonds 2.25% 15feb2052, USD, and USA, Bonds 2.375% 15may2051, USD. TULB's top holdings include USA, Bonds 4.625% 15nov2055, USD, USA, Bonds 4.75% 15feb2056, USD, and USA, Bonds 1.875% 15nov2051, USD.
Which ETF is more diversified: QTLT or TULB?
QTLT holds 33 securities, while TULB holds 18. On holdings count, QTLT is the more diversified portfolio.
Recent articles about QTLT and TULB
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