VS
RBC Target 2026 Canadian Government Bond ETF (RGQO) and Vanguard Canadian Ultra-Short Government Bond Index ETF (VVSG) 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 VVSG leans towards Sovereign. When evaluating costs, RGQO features a management fee (MER) of 0.15%, compared to 0.1% for VVSG. Performance-wise, RGQO has returned 1.48% year-to-date with +$1 M in net flows, whereas VVSG is at 1.66% with +$88 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
VVSG
| AuM | $87.36 M | $237.74 M |
| Management Fees | 0.15% | 0.10% |
| Exp. ratio | 0.17% | 0.12% |
| Tracking Difference | - | 0.05% |
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% |
VVSG | +0.17% | +0.56% | +1.66% | +2.51% | - | |
| Flows | RGQO | -$10 M | -$15 M | +$1 M | -$4 M | +$66 M |
VVSG | +$9 M | +$29 M | +$88 M | +$164 M | - |
RGQO vs VVSG exposure
Countries
RGQO
Canada
100.02%
VVSG
Canada
95.27%
Sectors
RGQO
Sovereign
69.05%
Municipal
13.86%
Government Agencies
13.04%
VVSG
Sovereign
95.27%
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%
VVSG
Canada, Bills 0% 9sep2026, CAD (364D)
7.62%
Canada, Bills 0% 21oct2026, CAD (182D)
7.59%
Canada, Bills 0% 4nov2026, CAD (364D)
7.33%
Canada, Bonds 2.75% 1may2027, CAD
6.81%
Canada, Bills 0% 23sep2026, CAD (182D)
6.71%
Canada, Bills 0% 7oct2026, CAD (364D)
5.86%
Canada, Bonds 3% 1feb2027, CAD
5.59%
Canada, Bonds 3.25% 1nov2026, CAD
5.08%
Canada, Bonds 1.25% 1mar2027, CAD
3.80%
Canada, Bond 1 1sep2026 5Y
3.30%
Diversification
RGQO
Total weight of top 10 holdings out of 8 total
100.02%
VVSG
Total weight of top 10 holdings out of 24 total
59.68%
Characteristics
Compare
RGQO
VVSG
| Provider | RBC Global Asset Management | Vanguard |
| Management | Actively managed | Passively managed |
| Benchmark | - | Bloomberg Canadian Short Treasury 1-12m Float Adjusted Index - CAD |
| Replication Method | Direct (Physical) | |
| Asset Class | Fixed Income | Fixed Income |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 2.39% | 2.53% |
| Meets ESG criteria | No | No |
| Inception Date | April 21, 2023 | September 9, 2024 |
Frequently asked questions about RGQO and VVSG
Which ETF has performed better year to date: RGQO or VVSG?
As of September 4, 2026, RGQO has returned 1.48% year to date, while VVSG has returned 1.66%. VVSG is ahead on YTD performance.
Which ETF is larger by assets under management: RGQO or VVSG?
As of September 4, 2026, RGQO manages $87.36 M in assets, while VVSG manages $237.74 M. VVSG is the larger fund by AUM.
How are RGQO and VVSG managed?
RGQO is actively managed by RBC Global Asset Management. It does not track an index. VVSG is passively managed by Vanguard. It tracks the Bloomberg Canadian Short Treasury 1-12m Float Adjusted Index - CAD benchmark.
What sectors do RGQO and VVSG emphasize?
RGQO is most exposed to Sovereign, Municipal, and Government Agencies. VVSG is most exposed to Sovereign.
Which ETF is attracting more investor flows: RGQO or VVSG?
Year to date, RGQO has seen +$1.07 M in net flows, compared with +$88.08 M for VVSG. VVSG has attracted more net investor money so far.
How do the fees of RGQO and VVSG compare?
RGQO has an expense ratio of 0.17%, while VVSG has an expense ratio of 0.12%.
What are the top holdings of RGQO and VVSG?
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. VVSG's top holdings include Canada, Bills 0% 9sep2026, CAD (364D), Canada, Bills 0% 21oct2026, CAD (182D), and Canada, Bills 0% 4nov2026, CAD (364D).
Which ETF is more diversified: RGQO or VVSG?
RGQO holds 8 securities, while VVSG holds 24. On holdings count, VVSG is the more diversified portfolio.
Recent articles about RGQO and VVSG
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