VS
RBC Target 2026 Canadian Government Bond ETF (RGQO) and BMO Floating Rate High Yield ETF (ZFH) 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 ZFH leans towards Sovereign. When evaluating costs, RGQO features a management fee (MER) of 0.15%, compared to 0.4% for ZFH. Performance-wise, RGQO has returned 1.48% year-to-date with +$1 M in net flows, whereas ZFH is at 3.24% with +$2 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
ZFH
| AuM | $87.36 M | $261.89 M |
| Management Fees | 0.15% | 0.40% |
| Exp. ratio | 0.17% | 0.45% |
| 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% |
ZFH | +0.30% | +1.20% | +3.24% | +5.88% | +29.87% | |
| Flows | RGQO | -$10 M | -$15 M | +$1 M | -$4 M | +$66 M |
ZFH | +$4 M | +$15 M | +$2 M | +$58 M | +$175 M |
RGQO vs ZFH exposure
Countries
RGQO
Canada
100.02%
ZFH
Canada
93.66%
Sectors
RGQO
Sovereign
69.05%
Municipal
13.86%
Government Agencies
13.04%
ZFH
Sovereign
93.66%
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%
ZFH
Canada, Bills 0% 16dec2026, CAD (182D)
39.36%
Canada, Bills 0% 7oct2026, CAD (364D)
32.93%
Canada, Bills 0% 9sep2026, CAD (364D)
21.37%
Diversification
RGQO
Total weight of top 10 holdings out of 8 total
100.02%
ZFH
Total weight of top 10 holdings out of 3 total
93.66%
Characteristics
Compare
RGQO
ZFH
| Provider | RBC Global Asset Management | BMO |
| Management | Actively managed | Actively managed |
| Benchmark | - | - |
| Replication Method | ||
| Asset Class | Fixed Income | Fixed Income |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 2.39% | 5.02% |
| Meets ESG criteria | No | No |
| Inception Date | April 21, 2023 | February 14, 2014 |
Frequently asked questions about RGQO and ZFH
Which ETF has performed better year to date: RGQO or ZFH?
As of September 4, 2026, RGQO has returned 1.48% year to date, while ZFH has returned 3.24%. ZFH is ahead on YTD performance.
Which ETF is larger by assets under management: RGQO or ZFH?
As of September 4, 2026, RGQO manages $87.36 M in assets, while ZFH manages $261.89 M. ZFH is the larger fund by AUM.
How are RGQO and ZFH managed?
RGQO is actively managed by RBC Global Asset Management. It does not track an index. ZFH is actively managed by BMO. It does not track an index.
What sectors do RGQO and ZFH emphasize?
RGQO is most exposed to Sovereign, Municipal, and Government Agencies. ZFH is most exposed to Sovereign.
Which ETF is attracting more investor flows: RGQO or ZFH?
Year to date, RGQO has seen +$1.07 M in net flows, compared with +$1.87 M for ZFH. ZFH has attracted more net investor money so far.
How do the fees of RGQO and ZFH compare?
RGQO has an expense ratio of 0.17%, while ZFH has an expense ratio of 0.45%.
What are the top holdings of RGQO and ZFH?
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. ZFH's top holdings include Canada, Bills 0% 16dec2026, CAD (182D), Canada, Bills 0% 7oct2026, CAD (364D), and Canada, Bills 0% 9sep2026, CAD (364D).
Which ETF is more diversified: RGQO or ZFH?
RGQO holds 8 securities, while ZFH holds 3. On holdings count, RGQO is the more diversified portfolio.
Recent articles about RGQO and ZFH
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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.