VS
RBC Target 2026 Canadian Government Bond ETF (RGQO) and Harvest Canadian T-Bill ETF (TBIL) 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 TBIL leans towards Sovereign. When evaluating costs, RGQO features a management fee (MER) of 0.15%, compared to 0.1% for TBIL. Performance-wise, RGQO has returned 1.48% year-to-date with +$1 M in net flows, whereas TBIL is at 1.43% with +$129 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
RGQO
TBIL
| AuM | $87.36 M | $233.80 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% |
TBIL | +0.18% | +0.55% | +1.43% | +2.19% | - | |
| Flows | RGQO | -$10 M | -$15 M | +$1 M | -$4 M | +$66 M |
TBIL | -$45 M | +$11 M | +$129 M | +$115 M | - |
RGQO vs TBIL exposure
Countries
RGQO
Canada
100.02%
TBIL
Canada
100.00%
Sectors
RGQO
Sovereign
69.05%
Municipal
13.86%
Government Agencies
13.04%
TBIL
Sovereign
100.00%
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%
TBIL
Canada, Bills 0% 21oct2026, CAD (182D)
31.76%
Canada, Bills 0% 9sep2026, CAD (364D)
28.50%
Canada, Bills 0% 26aug2026, CAD (182D)
15.48%
Canada, Bills 0% 7oct2026, CAD (364D)
13.10%
Canada, Bills 0% 12aug2026, CAD (364D)
11.16%
Diversification
RGQO
Total weight of top 10 holdings out of 8 total
100.02%
TBIL
Total weight of top 10 holdings out of 5 total
100.00%
Characteristics
Compare
RGQO
TBIL
| Provider | RBC Global Asset Management | Harvest Portfolios Group |
| Management | Actively managed | Actively managed |
| Benchmark | - | - |
| Replication Method | ||
| Asset Class | Fixed Income | Fixed Income |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 2.39% | 2.18% |
| Meets ESG criteria | No | No |
| Inception Date | April 21, 2023 | January 16, 2024 |
Frequently asked questions about RGQO and TBIL
Which ETF has performed better year to date: RGQO or TBIL?
As of September 4, 2026, RGQO has returned 1.48% year to date, while TBIL has returned 1.43%. RGQO is ahead on YTD performance.
Which ETF is larger by assets under management: RGQO or TBIL?
As of September 4, 2026, RGQO manages $87.36 M in assets, while TBIL manages $233.80 M. TBIL is the larger fund by AUM.
How are RGQO and TBIL managed?
RGQO is actively managed by RBC Global Asset Management. It does not track an index. TBIL is actively managed by Harvest Portfolios Group. It does not track an index.
What sectors do RGQO and TBIL emphasize?
RGQO is most exposed to Sovereign, Municipal, and Government Agencies. TBIL is most exposed to Sovereign.
Which ETF is attracting more investor flows: RGQO or TBIL?
Year to date, RGQO has seen +$1.07 M in net flows, compared with +$128.71 M for TBIL. TBIL has attracted more net investor money so far.
How do the fees of RGQO and TBIL compare?
RGQO has an expense ratio of 0.17%, while TBIL has an expense ratio of 0.11%.
What are the top holdings of RGQO and TBIL?
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. TBIL's top holdings include Canada, Bills 0% 21oct2026, CAD (182D), Canada, Bills 0% 9sep2026, CAD (364D), and Canada, Bills 0% 26aug2026, CAD (182D).
Which ETF is more diversified: RGQO or TBIL?
RGQO holds 8 securities, while TBIL holds 5. On holdings count, RGQO is the more diversified portfolio.
Recent articles about RGQO and TBIL
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