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Compare Mackenzie U.S. Aggregate Bond Index ETF (QUB) vs iShares U.S. Aggregate Bond Index ETF (XAGG.U) to find the best fit for your portfolio. QUB and XAGG.U provide the same top sector exposures: Sovereign, Finance, and Industrials. When evaluating costs, QUB features a management fee (MER) of 0.15%, compared to 0.18% for XAGG.U. Performance-wise, QUB has returned 3.67% year-to-date with +$33 M in net flows, whereas XAGG.U is at 2.03% 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
XAGG.U
| AuM | $124.04 M | $26.91 M |
| Management Fees | 0.15% | 0.18% |
| Exp. ratio | 0.17% | 0.20% |
| 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% |
XAGG.U | -0.11% | -1.83% | -2.03% | -2.29% | +13.85% | |
| Flows | QUB | +$3 M | +$3 M | +$33 M | +$50 M | +$100 M |
XAGG.U | +$0 M | -$1 M | -$1 M | -$6 M | +$25 M |
QUB vs XAGG.U exposure
Countries
QUB
USA
79.23%
Other
12.43%
Other
8.34%
XAGG.U
USA
76.60%
Other
18.02%
Sectors
QUB
Sovereign
47.82%
Finance
19.86%
Other
12.43%
Industrials
7.22%
Other
12.67%
XAGG.U
Sovereign
47.15%
Other
18.02%
Finance
9.92%
Industrials
7.04%
Other
17.87%
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%
XAGG.U
BlackRock Cash Funds - Institutional
3.01%
USA, Notes 4.625% 15feb2035, USD (B-2035)
0.41%
USA, Notes 4.25% 15nov2034, USD (F-2034)
0.40%
USA, Notes 4.375% 15may2034, USD (C-2034)
0.40%
USA, Notes 4% 28feb2030, USD (H-2030)
0.40%
USA, Notes 3.875% 15aug2034, USD (E-2034)
0.39%
USA, Notes 4.125% 15feb2036, USD (B-2036)
0.39%
USA, Notes 4.25% 15may2035, USD (C-2035)
0.39%
USA, Notes 4.5% 15nov2033, USD (F-2033)
0.39%
USA, Notes 4.25% 15aug2035, USD (E-2035)
0.38%
Diversification
QUB
Total weight of top 10 holdings out of 552 total
26.89%
XAGG.U
Total weight of top 10 holdings out of 13,256 total
6.55%
Characteristics
Compare
QUB
XAGG.U
| Provider | Mackenzie Investments | iShares |
| Management | Passively managed | Passively managed |
| Benchmark | Solactive US Aggregate Bond Index - CAD Hedged | Bloomberg US Aggregate Bond Index - CAD |
| Replication Method | Direct (Physical) | Other |
| Asset Class | Fixed Income | Fixed Income |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 3.38% | 4.04% |
| Meets ESG criteria | No | No |
| Inception Date | September 24, 2020 | August 6, 2021 |
Frequently asked questions about QUB and XAGG.U
Which ETF has performed better year to date: QUB or XAGG.U?
As of October 15, 2026, QUB has returned -3.67% year to date, while XAGG.U has returned -2.03%. XAGG.U is ahead on YTD performance.
Which ETF is larger by assets under management: QUB or XAGG.U?
As of October 15, 2026, QUB manages $124.04 M in assets, while XAGG.U manages $26.91 M. QUB is the larger fund by AUM.
How are QUB and XAGG.U managed?
QUB is passively managed by Mackenzie Investments. It tracks the Solactive US Aggregate Bond Index - CAD Hedged benchmark. XAGG.U is passively managed by iShares. It tracks the Bloomberg US Aggregate Bond Index - CAD benchmark.
What sectors do QUB and XAGG.U emphasize?
QUB is most exposed to Sovereign, Finance, and Industrials. XAGG.U is most exposed to Sovereign, Finance, and Industrials.
Which ETF is attracting more investor flows: QUB or XAGG.U?
Year to date, QUB has seen +$33.20 M in net flows, compared with -$1.18 M for XAGG.U. QUB has attracted more net investor money so far.
How do the fees of QUB and XAGG.U compare?
QUB has an expense ratio of 0.17%, while XAGG.U has an expense ratio of 0.20%.
What are the top holdings of QUB and XAGG.U?
QUB's largest holdings include USA, Bonds 5.5% 15aug2028, USD and USA, Notes 4% 28feb2030, USD (H-2030). XAGG.U's top holdings include BlackRock Cash Funds - Institutional and USA, Notes 4.625% 15feb2035, USD (B-2035).
Which ETF is more diversified: QUB or XAGG.U?
QUB holds 510 securities, while XAGG.U holds 10222. On holdings count, XAGG.U is the more diversified portfolio.
Recent articles about QUB and XAGG.U
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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.