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Compare Mackenzie US Government Long Bond Index ETF (QTLT) vs BMO Long-Term US Treasury Bond Index ETF (ZTL.F) to find the best fit for your portfolio. QTLT and ZTL.F provide the same top sector exposures: Sovereign. When evaluating costs, QTLT features a management fee (MER) of 0.18%, compared to 0.2% for ZTL.F. Performance-wise, QTLT has returned 2.21% year-to-date with +$35 M in net flows, whereas ZTL.F is at 4.42% with -$76 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
ZTL.F
| AuM | $160.15 M | $138.42 M |
| Management Fees | 0.18% | 0.20% |
| Exp. ratio | 0.20% | 0.23% |
| Tracking Difference | -0.37% | -0.25% |
Historical performance and flows
As of September 1, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | QTLT | -0.52% | -2.75% | -2.21% | +0.59% | - |
ZTL.F | -0.83% | -3.57% | -4.42% | -1.57% | -5.20% | |
| Flows | QTLT | +$4 M | +$19 M | +$35 M | +$41 M | - |
ZTL.F | -$6 M | -$52 M | -$76 M | -$84 M | -$142 M |
QTLT vs ZTL.F exposure
Countries
QTLT
USA
100.07%
ZTL.F
USA
100.00%
Sectors
QTLT
Sovereign
100.07%
ZTL.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%
ZTL.F
USA, Bonds 4.75% 15feb2056, USD
4.14%
USA, Bonds 4.75% 15aug2055, USD
4.14%
USA, Bonds 4.75% 15may2055, USD
4.14%
USA, Bonds 4.625% 15nov2055, USD
4.06%
USA, Bonds 4.625% 15feb2055, USD
4.06%
USA, Bonds 4.625% 15may2054, USD
4.06%
USA, Bonds 4.5% 15nov2054, USD
3.97%
USA, Bonds 4.75% 15nov2053, USD
3.89%
USA, Bonds 4.25% 15aug2054, USD
3.81%
USA, Bonds 4.25% 15feb2054, USD
3.81%
Diversification
QTLT
Total weight of top 10 holdings out of 33 total
62.65%
ZTL.F
Total weight of top 10 holdings out of 40 total
40.07%
Characteristics
Compare
QTLT
ZTL.F
| Provider | Mackenzie Investments | BMO |
| Management | Passively managed | Passively managed |
| Benchmark | Solactive US 20+ Year Treasury Bond CAD GTR Index - CAD | Bloomberg U.S. Treasury 20+ Year Index - CAD Hedged |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Fixed Income | Fixed Income |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 4.20% | 3.47% |
| Meets ESG criteria | No | No |
| Inception Date | November 20, 2023 | February 5, 2020 |
Frequently asked questions about QTLT and ZTL.F
Which ETF has performed better year to date: QTLT or ZTL.F?
As of September 1, 2026, QTLT has returned -2.21% year to date, while ZTL.F has returned -4.42%. QTLT is ahead on YTD performance.
Which ETF is larger by assets under management: QTLT or ZTL.F?
As of September 1, 2026, QTLT manages $160.15 M in assets, while ZTL.F manages $138.42 M. QTLT is the larger fund by AUM.
How are QTLT and ZTL.F managed?
QTLT is passively managed by Mackenzie Investments. It tracks the Solactive US 20+ Year Treasury Bond CAD GTR Index - CAD benchmark. ZTL.F is passively managed by BMO. It tracks the Bloomberg U.S. Treasury 20+ Year Index - CAD Hedged benchmark.
What sectors do QTLT and ZTL.F emphasize?
QTLT is most exposed to Sovereign. ZTL.F is most exposed to Sovereign.
Which ETF is attracting more investor flows: QTLT or ZTL.F?
Year to date, QTLT has seen +$34.87 M in net flows, compared with -$75.51 M for ZTL.F. QTLT has attracted more net investor money so far.
How do the fees of QTLT and ZTL.F compare?
QTLT has an expense ratio of 0.20%, while ZTL.F has an expense ratio of 0.23%.
What are the top holdings of QTLT and ZTL.F?
QTLT's largest holdings include USA, Bonds 2% 15aug2051, USD, USA, Bonds 2.25% 15feb2052, USD, and USA, Bonds 2.375% 15may2051, USD. ZTL.F's top holdings include USA, Bonds 4.75% 15feb2056, USD, USA, Bonds 4.75% 15aug2055, USD, and USA, Bonds 4.75% 15may2055, USD.
Which ETF is more diversified: QTLT or ZTL.F?
QTLT holds 33 securities, while ZTL.F holds 40. On holdings count, ZTL.F is the more diversified portfolio.
Recent articles about QTLT and ZTL.F
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