VS
RBC Target 2029 Canadian Government Bond ETF (RGQR) and NBI Sustainable Canadian Bond ETF (NSCB) offer distinct profiles for Canadian ETF investors. A direct comparison shows that RGQR focuses its top 3 sector exposures on Municipal, Sovereign, and Finance, while NSCB leans towards Finance, Sovereign, and Utilities. When evaluating costs, RGQR features a management fee (MER) of 0.15%, compared to 0.63% for NSCB. Performance-wise, RGQR has returned 1.21% year-to-date with +$37 M in net flows, whereas NSCB is at 1.72% with +$40 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
RGQR
NSCB
| AuM | $101.46 M | $2,831.91 M |
| Management Fees | 0.15% | 0.63% |
| Exp. ratio | 0.17% | 0.61% |
| Tracking Difference | - | - |
Historical performance and flows
As of November 11, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | RGQR | +0.35% | +0.36% | +1.21% | +0.97% | +15.00% |
NSCB | +0.98% | -0.01% | -1.72% | -3.14% | +4.41% | |
| Flows | RGQR | +$5 M | +$10 M | +$37 M | +$24 M | +$71 M |
NSCB | +$2 M | +$43 M | +$40 M | +$51 M | +$674 M |
RGQR vs NSCB exposure
Countries
RGQR
Canada
99.63%
NSCB
Canada
96.25%
Sectors
RGQR
Municipal
46.92%
Sovereign
22.64%
Finance
14.63%
Government Agencies
11.05%
NSCB
Finance
30.50%
Sovereign
21.34%
Utilities
17.97%
Municipal
16.59%
Industrials
7.52%
As of November 11, 2026
Top 10 Holdings
RGQR
Province of Ontario, 2.7% 2jun2029, CAD (DMTN240)
11.08%
Province of Quebec, 2.3% 1sep2029, CAD (B126)
10.37%
Canada, Bonds 4% 1mar2029, CAD
10.06%
Province of Ontario, 4% 8mar2029, CAD (DMTN264)
7.38%
Canada, Bonds 2.25% 1dec2029, CAD
6.98%
CMHC, 2.1% 15sep2029, CAD (88)
6.17%
PSP Capital, 3.75% 15jun2029, CAD (G-8)
6.07%
Alberta, 2.9% 20sep2029, CAD
5.91%
Canada, Bond 2.25 1jun2029 10Y
5.60%
Hydro-Quebec, 3.4% 1sep2029, CAD (0086)
4.40%
NSCB
Canada, Bonds 3.5% 1mar2034, CAD
9.76%
Canada, Bonds 3.25% 1mar2036, CAD
5.15%
Hydro-Quebec, 5% 15feb2050, CAD (JN)
3.26%
Canada, Bonds 3.5% 1dec2056, CAD (D)
3.14%
Province of Ontario, 4.1% 7oct2054, CAD (DMTN267)
2.59%
PSP Capital, 4.4% 2dec2030, CAD (G-13)
2.48%
PSP Capital, 2.6% 1mar2032, CAD (G-4)
2.46%
Canada, Bonds 3% 1mar2032, CAD (C)
2.29%
Hydro-Quebec, 4% 15feb2055, CAD (JQ)
2.26%
Province of Ontario, FRN 19nov2030, CAD (DMTN274)
2.22%
Diversification
RGQR
Total weight of top 10 holdings out of 21 total
74.02%
NSCB
Total weight of top 10 holdings out of 160 total
35.64%
Characteristics
Compare
RGQR
NSCB
| Provider | RBC Global Asset Management | National Bank Investments |
| Management | Actively managed | Actively managed |
| Benchmark | - | - |
| Replication Method | - | - |
| Asset Class | Fixed Income | Fixed Income |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 2.90% | 0.00% |
| Meets ESG criteria | No | Yes |
| Inception Date | April 21, 2023 | January 23, 2020 |
Frequently asked questions about RGQR and NSCB
Which ETF has performed better year to date: RGQR or NSCB?
As of November 11, 2026, RGQR has returned 1.21% year to date, while NSCB has returned -1.72%. RGQR is ahead on YTD performance.
Which ETF is larger by assets under management: RGQR or NSCB?
As of November 11, 2026, RGQR manages $101.46 M in assets, while NSCB manages $2.83 B. NSCB is the larger fund by AUM.
How are RGQR and NSCB managed?
RGQR is actively managed by RBC Global Asset Management. It does not track an index. NSCB is actively managed by National Bank Investments. It does not track an index.
What sectors do RGQR and NSCB emphasize?
RGQR is most exposed to Municipal, Sovereign, and Finance. NSCB is most exposed to Finance, Sovereign, and Utilities.
Which ETF is attracting more investor flows: RGQR or NSCB?
Year to date, RGQR has seen +$37.28 M in net flows, compared with +$40.25 M for NSCB. NSCB has attracted more net investor money so far.
How do the fees of RGQR and NSCB compare?
RGQR has an expense ratio of 0.17%, while NSCB has an expense ratio of 0.61%.
What are the top holdings of RGQR and NSCB?
RGQR's largest holdings include Province of Ontario, 2.7% 2jun2029, CAD (DMTN240), Province of Quebec, 2.3% 1sep2029, CAD (B126), and Canada, Bonds 4% 1mar2029, CAD. NSCB's top holdings include Canada, Bonds 3.5% 1mar2034, CAD, Canada, Bonds 3.25% 1mar2036, CAD, and Hydro-Quebec, 5% 15feb2050, CAD (JN).
Which ETF is more diversified: RGQR or NSCB?
RGQR holds 21 securities, while NSCB holds 154. On holdings count, NSCB is the more diversified portfolio.
Recent articles about RGQR and NSCB
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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.