VS
Mackenzie U.S. Aggregate Bond Index ETF (QUB) and RBC Short Term U.S. Corporate Bond ETF (RUSB) 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 RUSB leans towards Finance, Utilities, and Technology. When evaluating costs, QUB features a management fee (MER) of 0.15%, compared to 0.35% for RUSB. Performance-wise, QUB has returned 3.67% year-to-date with +$33 M in net flows, whereas RUSB is at 3.46% with +$1 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
RUSB
| AuM | $124.04 M | $5.93 M |
| Management Fees | 0.15% | 0.35% |
| Exp. ratio | 0.17% | 0.40% |
| Tracking Difference | -0.09% | - |
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% |
RUSB | +1.73% | +0.26% | +3.46% | +1.55% | +20.76% | |
| Flows | QUB | +$3 M | +$3 M | +$33 M | +$50 M | +$100 M |
RUSB | +$0 M | +$0 M | +$1 M | +$1 M | +$4 M |
QUB vs RUSB exposure
Countries
QUB
USA
79.23%
Other
12.43%
Other
8.34%
RUSB
USA
80.32%
Other
19.68%
Sectors
QUB
Sovereign
47.82%
Finance
19.86%
Other
12.43%
Industrials
7.22%
Other
12.67%
RUSB
Finance
48.48%
Utilities
7.11%
Other
44.41%
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%
RUSB
USA, Notes 4.125% 31oct2029, USD (AF-2029)
2.22%
USA, Notes 3.875% 30apr2030, USD (Y-2030)
2.05%
USA, Notes 4.875% 31oct2030, USD (R-2030)
1.72%
Morgan Stanley, 4.21% 20apr2028, USD (I)
1.15%
Bank of America Corporation, 4.376% 27apr2028, USD (N)
1.11%
Goldman Sachs, 6.484% 24oct2029, USD
1.11%
US48128BAV36
1.03%
US00287YEN58
1.01%
Lincoln Financial Global Funding, 4.95% 21may2031, USD (2026-2)
1.01%
Morgan Stanley, 5.164% 20apr2029, USD (I)
0.96%
Diversification
QUB
Total weight of top 10 holdings out of 552 total
26.89%
RUSB
Total weight of top 10 holdings out of 173 total
13.36%
Characteristics
Compare
QUB
RUSB
| Provider | Mackenzie Investments | RBC Global Asset Management |
| Management | Passively managed | Actively managed |
| Benchmark | Solactive US Aggregate Bond Index - CAD Hedged | - |
| Replication Method | Direct (Physical) | - |
| Asset Class | Fixed Income | Fixed Income |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 3.38% | 4.31% |
| Meets ESG criteria | No | No |
| Inception Date | September 24, 2020 | October 19, 2017 |
Frequently asked questions about QUB and RUSB
Which ETF has performed better year to date: QUB or RUSB?
As of October 15, 2026, QUB has returned -3.67% year to date, while RUSB has returned 3.46%. RUSB is ahead on YTD performance.
Which ETF is larger by assets under management: QUB or RUSB?
As of October 15, 2026, QUB manages $124.04 M in assets, while RUSB manages $5.93 M. QUB is the larger fund by AUM.
How are QUB and RUSB managed?
QUB is passively managed by Mackenzie Investments. It tracks the Solactive US Aggregate Bond Index - CAD Hedged benchmark. RUSB is actively managed by RBC Global Asset Management. It does not track an index.
What sectors do QUB and RUSB emphasize?
QUB is most exposed to Sovereign, Finance, and Industrials. RUSB is most exposed to Finance, Utilities, and Technology.
Which ETF is attracting more investor flows: QUB or RUSB?
Year to date, QUB has seen +$33.20 M in net flows, compared with +$1.08 M for RUSB. QUB has attracted more net investor money so far.
How do the fees of QUB and RUSB compare?
QUB has an expense ratio of 0.17%, while RUSB has an expense ratio of 0.40%.
What are the top holdings of QUB and RUSB?
QUB's largest holdings include USA, Bonds 5.5% 15aug2028, USD and USA, Notes 4% 28feb2030, USD (H-2030). RUSB's top holdings include USA, Notes 4.125% 31oct2029, USD (AF-2029) and USA, Notes 3.875% 30apr2030, USD (Y-2030).
Which ETF is more diversified: QUB or RUSB?
QUB holds 510 securities, while RUSB holds 169. On holdings count, QUB is the more diversified portfolio.
Recent articles about QUB and RUSB
Benefiting from active management in Fixed Income
Passive index investment strategies are designed to mirror the composition and performance of a benchmark index. In contrast, active strategies can differ from the index in the pursuit of better returns.
Posted on 4/25/2024 by Kyle Anthony inFixed Income
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