VS
Mackenzie US Government Long Bond Index ETF (QTLT) and BMO Short-Term US TIPS Index ETF (ZTIP.F) offer distinct profiles for Canadian ETF investors. A direct comparison shows that QTLT focuses its top 3 sector exposures on Sovereign, while ZTIP.F leans towards Sovereign. When evaluating costs, QTLT features a management fee (MER) of 0.18%, compared to 0.15% for ZTIP.F. Performance-wise, QTLT has returned 2.21% year-to-date with +$35 M in net flows, whereas ZTIP.F is at 0.72% with +$54 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
ZTIP.F
| AuM | $160.15 M | $244.11 M |
| Management Fees | 0.18% | 0.15% |
| Exp. ratio | 0.20% | 0.17% |
| 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% | - |
ZTIP.F | -0.02% | -0.60% | +0.72% | +0.41% | +11.01% | |
| Flows | QTLT | +$4 M | +$19 M | +$35 M | +$41 M | - |
ZTIP.F | -$1 M | -$2 M | +$54 M | +$68 M | +$72 M |
QTLT vs ZTIP.F exposure
Countries
QTLT
USA
100.07%
ZTIP.F
USA
100.00%
Sectors
QTLT
Sovereign
100.07%
ZTIP.F
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%
ZTIP.F
USA, TIPS 1.125% 15oct2030, USD (AE-2030)
5.67%
USA, TIPS 1.25% 15apr2031, USD (X-2031)
5.62%
USA, TIPS 1.625% 15apr2030, USD (X-2030)
5.59%
USA, TIPS 1.625% 15oct2029, USD (AE-2029)
5.41%
USA, TIPS 2.125% 15apr2029, USD (X-2029)
5.26%
USA, TIPS 2.375% 15oct2028, USD (AE-2028)
5.21%
USA, TIPS 0.125% 15apr2027, USD (X-2027)
5.03%
USA, TIPS 1.625% 15oct2027, USD (AE-2027)
5.01%
USA, TIPS 0.125% 15oct2026, USD (AE-2026)
4.93%
USA, TIPS 1.25% 15apr2028, USD (X-2028)
4.89%
Diversification
QTLT
Total weight of top 10 holdings out of 33 total
62.65%
ZTIP.F
Total weight of top 10 holdings out of 24 total
52.62%
Characteristics
Compare
QTLT
ZTIP.F
| Provider | Mackenzie Investments | BMO |
| Management | Passively managed | Passively managed |
| Benchmark | Solactive US 20+ Year Treasury Bond CAD GTR Index - CAD | Bloomberg US Govt Inflation-Linked 0-5Yrs Total Return Index - USD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Fixed Income | Fixed Income |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 4.20% | 3.95% |
| Meets ESG criteria | No | No |
| Inception Date | November 20, 2023 | January 20, 2021 |
Frequently asked questions about QTLT and ZTIP.F
Which ETF has performed better year to date: QTLT or ZTIP.F?
As of September 1, 2026, QTLT has returned -2.21% year to date, while ZTIP.F has returned 0.72%. ZTIP.F is ahead on YTD performance.
Which ETF is larger by assets under management: QTLT or ZTIP.F?
As of September 1, 2026, QTLT manages $160.15 M in assets, while ZTIP.F manages $244.11 M. ZTIP.F is the larger fund by AUM.
How are QTLT and ZTIP.F managed?
QTLT is passively managed by Mackenzie Investments. It tracks the Solactive US 20+ Year Treasury Bond CAD GTR Index - CAD benchmark. ZTIP.F is passively managed by BMO. It tracks the Bloomberg US Govt Inflation-Linked 0-5Yrs Total Return Index - USD benchmark.
What sectors do QTLT and ZTIP.F emphasize?
QTLT is most exposed to Sovereign. ZTIP.F is most exposed to Sovereign.
Which ETF is attracting more investor flows: QTLT or ZTIP.F?
Year to date, QTLT has seen +$34.87 M in net flows, compared with +$53.88 M for ZTIP.F. ZTIP.F has attracted more net investor money so far.
How do the fees of QTLT and ZTIP.F compare?
QTLT has an expense ratio of 0.20%, while ZTIP.F has an expense ratio of 0.17%.
What are the top holdings of QTLT and ZTIP.F?
QTLT's largest holdings include USA, Bonds 2% 15aug2051, USD, USA, Bonds 2.25% 15feb2052, USD, and USA, Bonds 2.375% 15may2051, USD. ZTIP.F's top holdings include USA, TIPS 1.125% 15oct2030, USD (AE-2030), USA, TIPS 1.25% 15apr2031, USD (X-2031), and USA, TIPS 1.625% 15apr2030, USD (X-2030).
Which ETF is more diversified: QTLT or ZTIP.F?
QTLT holds 33 securities, while ZTIP.F holds 24. On holdings count, QTLT is the more diversified portfolio.
Recent articles about QTLT and ZTIP.F
The ETF Market Canada is brought to you by Cboe in partnership with Trackinsight SA who is providing all the data, analysis and editorial content on this site. Unless explicitly stated as such, any information that you receive is not real-time.
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.
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.