VS
Mackenzie U.S. Aggregate Bond Index ETF (QUB) and BMO ESG US Corporate Bond Hedged to CAD Index ETF (ESGF) offer distinct profiles for Canadian ETF investors. A direct comparison shows that QUB focuses its top 3 sector exposures on Sovereign, Finance, and Industrials, while ESGF leans towards Finance, Technology, and Healthcare. When evaluating costs, QUB features a management fee (MER) of 0.15%, compared to 0.2% for ESGF. Performance-wise, QUB has returned 3.67% year-to-date with +$33 M in net flows, whereas ESGF is at 3.39% with +$2 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
QUB
ESGF
| AuM | $124.04 M | $27.27 M |
| Management Fees | 0.15% | 0.20% |
| Exp. ratio | 0.17% | 0.23% |
| Tracking Difference | -0.09% | -0.19% |
Historical performance and flows
As of October 15, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | QUB | -0.71% | -2.81% | -3.67% | -3.99% | +8.36% |
ESGF | -0.52% | -2.50% | -3.39% | -4.18% | +11.49% | |
| Flows | QUB | +$3 M | +$3 M | +$33 M | +$50 M | +$100 M |
ESGF | +$1 M | +$1 M | +$2 M | +$4 M | +$11 M |
QUB vs ESGF exposure
Countries
QUB
USA
79.23%
Other
12.43%
Other
8.34%
ESGF
USA
84.61%
Other
15.39%
Sectors
QUB
Sovereign
47.82%
Finance
19.86%
Other
12.43%
Industrials
7.22%
Other
12.67%
ESGF
Finance
33.09%
Technology
15.67%
Healthcare
12.57%
Other
38.67%
As of October 15, 2026
Top 10 Holdings
QUB
USA, Bonds 5.5% 15aug2028, USD
4.15%
USA, Notes 4% 28feb2030, USD (H-2030)
3.78%
USA, Notes 3.75% 31dec2030, USD (T-2030)
3.77%
USA, Notes 4.5% 15nov2033, USD (F-2033)
2.95%
USA, Notes 1.25% 31may2028, USD (L-2028)
2.87%
USA, Notes 0.875% 15nov2030, USD (F-2030)
2.25%
Massmutual Global Funding II, 4.95% 10jan2030, USD (2025-1)
1.92%
USA, Notes 3.5% 28feb2031, USD (V-2031)
1.79%
Ontario Teachers Pension Plan (OTPP), 2% 16apr2031, USD (1)
1.72%
USA, Notes 0.625% 15aug2030, USD (E-2030)
1.70%
ESGF
HSBC Holdings plc, 2.804% 24may2032, USD
0.92%
Aercap Holdings, 3.3% 30jan2032, USD
0.70%
America Movil, 6.125% 30mar2040, USD
0.52%
Bank of America Corporation, 5.468% 23jan2035, USD (N)
0.52%
Bank of America Corporation, 3.419% 20dec2028, USD
0.51%
NVIDIA, 4.5% 15jun2031, USD
0.50%
NVIDIA, 4.95% 15jun2036, USD
0.49%
Goldman Sachs, 5.065% 21jan2037, USD
0.49%
Goldman Sachs, 6.75% 1oct2037, USD
0.48%
JP Morgan, 5.35% 1jun2034, USD
0.47%
Diversification
QUB
Total weight of top 10 holdings out of 552 total
26.89%
ESGF
Total weight of top 10 holdings out of 728 total
5.60%
Characteristics
Compare
QUB
ESGF
| Provider | Mackenzie Investments | BMO |
| Management | Passively managed | Passively managed |
| Benchmark | Solactive US Aggregate Bond Index - CAD Hedged | Bloomberg MSCI US Corporate Sustainability SRI Index CAD Unhedged - CAD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Fixed Income | Fixed Income |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 3.38% | 4.58% |
| Meets ESG criteria | No | Yes |
| Inception Date | September 24, 2020 | January 23, 2020 |
Frequently asked questions about QUB and ESGF
Which ETF has performed better year to date: QUB or ESGF?
As of October 15, 2026, QUB has returned -3.67% year to date, while ESGF has returned -3.39%. ESGF is ahead on YTD performance.
Which ETF is larger by assets under management: QUB or ESGF?
As of October 15, 2026, QUB manages $124.04 M in assets, while ESGF manages $27.27 M. QUB is the larger fund by AUM.
How are QUB and ESGF managed?
QUB is passively managed by Mackenzie Investments. It tracks the Solactive US Aggregate Bond Index - CAD Hedged benchmark. ESGF is passively managed by BMO. It tracks the Bloomberg MSCI US Corporate Sustainability SRI Index CAD Unhedged - CAD benchmark.
What sectors do QUB and ESGF emphasize?
QUB is most exposed to Sovereign, Finance, and Industrials. ESGF is most exposed to Finance, Technology, and Healthcare.
Which ETF is attracting more investor flows: QUB or ESGF?
Year to date, QUB has seen +$33.20 M in net flows, compared with +$2.34 M for ESGF. QUB has attracted more net investor money so far.
How do the fees of QUB and ESGF compare?
QUB has an expense ratio of 0.17%, while ESGF has an expense ratio of 0.23%.
What are the top holdings of QUB and ESGF?
QUB's largest holdings include USA, Bonds 5.5% 15aug2028, USD and USA, Notes 4% 28feb2030, USD (H-2030). ESGF's top holdings include HSBC Holdings plc, 2.804% 24may2032, USD, Aercap Holdings, 3.3% 30jan2032, USD, and America Movil, 6.125% 30mar2040, USD.
Which ETF is more diversified: QUB or ESGF?
QUB holds 510 securities, while ESGF holds 727. On holdings count, ESGF is the more diversified portfolio.
Recent articles about QUB and ESGF
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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.