VS
RBC Target 2026 Canadian Government Bond ETF (RGQO) and Global X 0-3 Month T-Bill ETF (CBIL) offer distinct profiles for Canadian ETF investors. A direct comparison shows that RGQO focuses its top 3 sector exposures on Sovereign, Municipal, and Government Agencies, while CBIL leans towards Sovereign. When evaluating costs, RGQO features a management fee (MER) of 0.15%, compared to 0.1% for CBIL. Performance-wise, RGQO has returned 1.48% year-to-date with +$1 M in net flows, whereas CBIL is at 1.46% with +$1 B. 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
RGQO
CBIL
| AuM | $87.36 M | $2,749.13 M |
| Management Fees | 0.15% | 0.10% |
| Exp. ratio | 0.17% | 0.11% |
| Tracking Difference | - | - |
Historical performance and flows
As of September 4, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | RGQO | +0.19% | +0.56% | +1.48% | +2.43% | +13.27% |
CBIL | +0.18% | +0.55% | +1.46% | +2.24% | +7.35% | |
| Flows | RGQO | -$10 M | -$15 M | +$1 M | -$4 M | +$66 M |
CBIL | +$243 M | +$496 M | +$1,159 M | +$1,154 M | +$2,282 M |
RGQO vs CBIL exposure
Countries
RGQO
Canada
100.02%
CBIL
Canada
99.99%
Sectors
RGQO
Sovereign
69.05%
Municipal
13.86%
Government Agencies
13.04%
CBIL
Sovereign
99.99%
As of September 4, 2026
Top 10 Holdings
RGQO
Canada, Bills 0% 9sep2026, CAD (364D)
63.65%
Canada Housing Trust, 1.1% 15dec2026, CAD (102)
9.22%
Province of Quebec, 2.5% 1sep2026, CAD
8.87%
Canada, Bonds 3.25% 1nov2026, CAD
5.40%
CDP Financial, 1.5% 19oct2026, CAD (6)
4.07%
CMHC, 1.9% 15sep2026, CAD (73)
3.82%
Province of Ontario, 1.35% 8sep2026, CAD (DMTN250)
3.00%
Province of New Brunswick, 2.6% 14aug2026, CAD (HS)
1.99%
CBIL
Canada, Bills 0% 9nov2023, CAD (364D)
99.99%
Diversification
RGQO
Total weight of top 10 holdings out of 8 total
100.02%
CBIL
Total weight of top 10 holdings out of 1 total
99.99%
Characteristics
Compare
RGQO
CBIL
| Provider | RBC Global Asset Management | Global X |
| Management | Actively managed | Actively managed |
| Benchmark | - | - |
| Replication Method | ||
| Asset Class | Fixed Income | Fixed Income |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 2.39% | 2.23% |
| Meets ESG criteria | No | No |
| Inception Date | April 21, 2023 | April 12, 2023 |
Frequently asked questions about RGQO and CBIL
Which ETF has performed better year to date: RGQO or CBIL?
As of September 4, 2026, RGQO has returned 1.48% year to date, while CBIL has returned 1.46%. RGQO is ahead on YTD performance.
Which ETF is larger by assets under management: RGQO or CBIL?
As of September 4, 2026, RGQO manages $87.36 M in assets, while CBIL manages $2.75 B. CBIL is the larger fund by AUM.
How are RGQO and CBIL managed?
RGQO is actively managed by RBC Global Asset Management. It does not track an index. CBIL is actively managed by Global X. It does not track an index.
What sectors do RGQO and CBIL emphasize?
RGQO is most exposed to Sovereign, Municipal, and Government Agencies. CBIL is most exposed to Sovereign.
Which ETF is attracting more investor flows: RGQO or CBIL?
Year to date, RGQO has seen +$1.07 M in net flows, compared with +$1,158.82 M for CBIL. CBIL has attracted more net investor money so far.
How do the fees of RGQO and CBIL compare?
RGQO has an expense ratio of 0.17%, while CBIL has an expense ratio of 0.11%.
What are the top holdings of RGQO and CBIL?
RGQO's largest holdings include Canada, Bills 0% 9sep2026, CAD (364D), Canada Housing Trust, 1.1% 15dec2026, CAD (102), and Province of Quebec, 2.5% 1sep2026, CAD. CBIL's top holdings include Canada, Bills 0% 9nov2023, CAD (364D).
Which ETF is more diversified: RGQO or CBIL?
RGQO holds 8 securities, while CBIL holds 1. On holdings count, RGQO is the more diversified portfolio.
Recent articles about RGQO and CBIL
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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.