VS
Compare Mackenzie US Government Long Bond Index ETF (QTLT) vs BMO Short-Term US Treasury Bond Index ETF (ZTS) to find the best fit for your portfolio. QTLT and ZTS provide the same top sector exposures: Sovereign. When evaluating costs, QTLT features a management fee (MER) of 0.18%, compared to 0.2% for ZTS. Performance-wise, QTLT has returned 2.71% year-to-date with +$35 M in net flows, whereas ZTS is at 1.16% with -$4 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
ZTS
| AuM | $159.33 M | $109.44 M |
| Management Fees | 0.18% | 0.20% |
| Exp. ratio | 0.20% | 0.23% |
| Tracking Difference | -0.37% | - |
Historical performance and flows
As of September 3, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | QTLT | -1.03% | -3.49% | -2.71% | -1.10% | - |
ZTS | -1.76% | -0.33% | +1.16% | +1.59% | +14.08% | |
| Flows | QTLT | +$4 M | +$19 M | +$35 M | +$41 M | - |
ZTS | +$12 M | -$8 M | -$4 M | +$57 M | +$84 M |
QTLT vs ZTS exposure
Countries
QTLT
USA
100.07%
ZTS
USA
100.00%
Sectors
QTLT
Sovereign
100.07%
ZTS
Sovereign
100.00%
As of September 3, 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%
ZTS
USA, Notes 3.5% 31jan2028, USD (U-2028)
1.42%
USA, Notes 4% 28feb2030, USD (H-2030)
1.24%
USA, Notes 1.625% 15may2031, USD (C-2031)
1.11%
USA, Notes 1.125% 15feb2031, USD (B-2031)
1.09%
USA, Notes 0.875% 15nov2030, USD (F-2030)
1.08%
USA, Notes 0.625% 15aug2030, USD (E-2030)
1.08%
USA, Notes 4.625% 30apr2029, USD (Y-2029)
0.90%
USA, Notes 4.5% 31may2029, USD (Z-2029)
0.90%
USA, Notes 4.375% 31dec2029, USD (AH-2029)
0.90%
USA, Notes 4.25% 30jun2029, USD (AA-2029)
0.89%
Diversification
QTLT
Total weight of top 10 holdings out of 33 total
62.65%
ZTS
Total weight of top 10 holdings out of 147 total
10.61%
Characteristics
Compare
QTLT
ZTS
| Provider | Mackenzie Investments | BMO |
| Management | Passively managed | Passively managed |
| Benchmark | Solactive US 20+ Year Treasury Bond CAD GTR Index - CAD | Bloomberg U.S. Treasury 1-5 Year Total Return Index - USD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Fixed Income | Fixed Income |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 3.94% | 2.98% |
| Meets ESG criteria | No | No |
| Inception Date | November 20, 2023 | February 28, 2017 |
Frequently asked questions about QTLT and ZTS
Which ETF has performed better year to date: QTLT or ZTS?
As of September 3, 2026, QTLT has returned -2.71% year to date, while ZTS has returned 1.16%. ZTS is ahead on YTD performance.
Which ETF is larger by assets under management: QTLT or ZTS?
As of September 3, 2026, QTLT manages $159.33 M in assets, while ZTS manages $109.44 M. QTLT is the larger fund by AUM.
How are QTLT and ZTS managed?
QTLT is passively managed by Mackenzie Investments. It tracks the Solactive US 20+ Year Treasury Bond CAD GTR Index - CAD benchmark. ZTS is passively managed by BMO. It tracks the Bloomberg U.S. Treasury 1-5 Year Total Return Index - USD benchmark.
What sectors do QTLT and ZTS emphasize?
QTLT is most exposed to Sovereign. ZTS is most exposed to Sovereign.
Which ETF is attracting more investor flows: QTLT or ZTS?
Year to date, QTLT has seen +$34.87 M in net flows, compared with -$3.97 M for ZTS. QTLT has attracted more net investor money so far.
How do the fees of QTLT and ZTS compare?
QTLT has an expense ratio of 0.20%, while ZTS has an expense ratio of 0.23%.
What are the top holdings of QTLT and ZTS?
QTLT's largest holdings include USA, Bonds 2% 15aug2051, USD, USA, Bonds 2.25% 15feb2052, USD, and USA, Bonds 2.375% 15may2051, USD. ZTS's top holdings include USA, Notes 3.5% 31jan2028, USD (U-2028), USA, Notes 4% 28feb2030, USD (H-2030), and USA, Notes 1.625% 15may2031, USD (C-2031).
Which ETF is more diversified: QTLT or ZTS?
QTLT holds 33 securities, while ZTS holds 147. On holdings count, ZTS is the more diversified portfolio.
Recent articles about QTLT and ZTS
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.