VS
RBC 1-5 Year Laddered Canadian Corporate Bond ETF (RBO) and Mackenzie Canadian Aggregate Bond Index ETF (QBB) offer distinct profiles for Canadian ETF investors. A direct comparison shows that RBO focuses its top 3 sector exposures on Finance, Energy, and Utilities, while QBB leans towards Sovereign, Municipal, and Finance. When evaluating costs, RBO features a management fee (MER) of 0.25%, compared to 0.07% for QBB. Performance-wise, RBO has returned 1.09% year-to-date with +$24 M in net flows, whereas QBB is at 0.06% with +$265 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
RBO
QBB
| AuM | $207.05 M | $1,537.73 M |
| Management Fees | 0.25% | 0.07% |
| Exp. ratio | 0.28% | 0.08% |
| Tracking Difference | - | -0.04% |
Historical performance and flows
As of September 1, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | RBO | -0.36% | -0.06% | +1.09% | +2.25% | +16.50% |
QBB | -1.17% | -1.49% | +0.06% | +1.95% | +12.61% | |
| Flows | RBO | +$5 M | +$12 M | +$24 M | +$42 M | +$99 M |
QBB | +$114 M | +$177 M | +$265 M | +$358 M | +$661 M |
RBO vs QBB exposure
Countries
RBO
Canada
95.95%
QBB
Canada
96.25%
Sectors
RBO
Finance
67.05%
Energy
10.08%
Utilities
7.39%
Other
15.48%
QBB
Sovereign
29.50%
Municipal
29.15%
Finance
14.93%
Government Agencies
9.57%
Other
16.85%
As of September 1, 2026
Top 10 Holdings
RBO
Bank of Nova Scotia, 3.61% 30jan2032, CAD
1.66%
CIBC, 3.65% 13jan2032, CAD
1.64%
Bank of Montreal, 3.539% 3mar2032, CAD
1.45%
Royal Bank of Canada, 3.626% 10dec2028, CAD
1.41%
Royal Bank of Canada, 3.985% 22jul2031, CAD
1.34%
Federation des caisses Desjardins du Quebec, 3.714% 16jul2031, CAD
1.30%
Toronto-Dominion Bank, 3.687% 9jan2032, CAD
1.24%
National Bank of Canada, 5.219% 14jun2028, CAD
1.22%
Goldman Sachs, 3.641% 5mar2032, CAD
1.20%
Bank of Montreal, 4.42% 17jul2029, CAD
1.19%
QBB
Canada, Bond 1.25 1jun2030 10Y
3.56%
Canada, Bond 1.5 1jun2031 10Y
2.34%
Canada, Bond 0.5 1oct2030 10Y
1.99%
Province of Ontario, 4.6% 2jun2039, CAD (DMTN182)
1.97%
Canada, Bond 2 1jan2051 30Y
1.74%
Canada, Bonds 3% 1jun2034, CAD
1.71%
Canada, Bonds 2.75% 1dec2055, CAD
1.36%
Canada Housing Trust, 4.25% 15mar2034, CAD (118)
1.24%
Canada, Bond 2 1jun2028 10Y
1.16%
Canada, Bonds 1.5% 1dec2031 10Y
1.14%
Diversification
RBO
Total weight of top 10 holdings out of 214 total
13.66%
QBB
Total weight of top 10 holdings out of 1,159 total
18.21%
Characteristics
Compare
RBO
QBB
| Provider | RBC Global Asset Management | Mackenzie Investments |
| Management | Actively managed | Passively managed |
| Benchmark | - | Solactive Canadian Float Adjusted Universe Bond Index - CAD |
| Replication Method | Direct (Physical) | |
| Asset Class | Fixed Income | Fixed Income |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 3.98% | 3.21% |
| Meets ESG criteria | No | No |
| Inception Date | January 15, 2014 | January 29, 2018 |
Frequently asked questions about RBO and QBB
Which ETF has performed better year to date: RBO or QBB?
As of September 1, 2026, RBO has returned 1.09% year to date, while QBB has returned 0.06%. RBO is ahead on YTD performance.
Which ETF is larger by assets under management: RBO or QBB?
As of September 1, 2026, RBO manages $207.05 M in assets, while QBB manages $1.54 B. QBB is the larger fund by AUM.
How are RBO and QBB managed?
RBO is actively managed by RBC Global Asset Management. It does not track an index. QBB is passively managed by Mackenzie Investments. It tracks the Solactive Canadian Float Adjusted Universe Bond Index - CAD benchmark.
What sectors do RBO and QBB emphasize?
RBO is most exposed to Finance, Energy, and Utilities. QBB is most exposed to Sovereign, Municipal, and Finance.
Which ETF is attracting more investor flows: RBO or QBB?
Year to date, RBO has seen +$24.27 M in net flows, compared with +$265.47 M for QBB. QBB has attracted more net investor money so far.
How do the fees of RBO and QBB compare?
RBO has an expense ratio of 0.28%, while QBB has an expense ratio of 0.08%.
What are the top holdings of RBO and QBB?
RBO's largest holdings include Bank of Nova Scotia, 3.61% 30jan2032, CAD, CIBC, 3.65% 13jan2032, CAD, and Bank of Montreal, 3.539% 3mar2032, CAD. QBB's top holdings include Canada, Bond 1.25 1jun2030 10Y, Canada, Bond 1.5 1jun2031 10Y, and Canada, Bond 0.5 1oct2030 10Y.
Which ETF is more diversified: RBO or QBB?
RBO holds 214 securities, while QBB holds 1159. On holdings count, QBB is the more diversified portfolio.
Recent articles about RBO and QBB
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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.