VS
RBC Target 2029 Canadian Government Bond ETF (RGQR) and RBC Canadian Discount Bond ETF (RCDB) 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 RCDB leans towards Finance, Municipal, and Sovereign. When evaluating costs, RGQR features a management fee (MER) of 0.15%, compared to 0.15% for RCDB. Performance-wise, RGQR has returned 1.21% year-to-date with +$37 M in net flows, whereas RCDB is at 1.52% with +$119 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
RCDB
| AuM | $101.46 M | $1,381.68 M |
| Management Fees | 0.15% | 0.15% |
| Exp. ratio | 0.17% | 0.17% |
| 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% |
RCDB | +0.38% | +0.44% | +1.52% | +1.50% | +14.48% | |
| Flows | RGQR | +$5 M | +$10 M | +$37 M | +$24 M | +$71 M |
RCDB | -$19 M | -$35 M | +$119 M | +$137 M | +$292 M |
RGQR vs RCDB exposure
Countries
RGQR
Canada
99.63%
RCDB
Canada
99.06%
Sectors
RGQR
Municipal
46.92%
Sovereign
22.64%
Finance
14.63%
Government Agencies
11.05%
RCDB
Finance
31.62%
Municipal
17.42%
Sovereign
16.08%
Utilities
8.07%
Government Agencies
7.16%
Other
19.65%
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%
RCDB
Canada, Bond 2 1jun2028 10Y
4.52%
Canada, Bond 0.5 1oct2030 10Y
3.68%
CMHC, 2.35% 15mar2028, CAD (80)
3.42%
Province of Ontario, 1.55% 1nov2029, CAD (DMTN251)
3.39%
Bell Canada, 1.65% 16aug2027, CAD (M-53)
2.25%
Province of Quebec, 1.9% 1sep2030, CAD (B127)
2.03%
CMHC, 1.75% 15jun2030, CAD (92)
2.01%
Royal Bank of Canada, 3.572% 9dec2031, CAD
1.91%
Hydro-Quebec, 2% 1sep2028, CAD (0082)
1.88%
Canada, Bonds 1.5% 1dec2031 10Y
1.76%
Diversification
RGQR
Total weight of top 10 holdings out of 21 total
74.02%
RCDB
Total weight of top 10 holdings out of 112 total
26.85%
Characteristics
Compare
RGQR
RCDB
| Provider | RBC Global Asset Management | RBC Global Asset Management |
| Management | Actively managed | Actively managed |
| Benchmark | - | - |
| Replication Method | - | - |
| Asset Class | Fixed Income | Fixed Income |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 2.90% | 2.23% |
| Meets ESG criteria | No | No |
| Inception Date | April 21, 2023 | June 12, 2019 |
Frequently asked questions about RGQR and RCDB
Which ETF has performed better year to date: RGQR or RCDB?
As of November 11, 2026, RGQR has returned 1.21% year to date, while RCDB has returned 1.52%. RCDB is ahead on YTD performance.
Which ETF is larger by assets under management: RGQR or RCDB?
As of November 11, 2026, RGQR manages $101.46 M in assets, while RCDB manages $1.38 B. RCDB is the larger fund by AUM.
How are RGQR and RCDB managed?
RGQR is actively managed by RBC Global Asset Management. It does not track an index. RCDB is actively managed by RBC Global Asset Management. It does not track an index.
What sectors do RGQR and RCDB emphasize?
RGQR is most exposed to Municipal, Sovereign, and Finance. RCDB is most exposed to Finance, Municipal, and Sovereign.
Which ETF is attracting more investor flows: RGQR or RCDB?
Year to date, RGQR has seen +$37.28 M in net flows, compared with +$119.17 M for RCDB. RCDB has attracted more net investor money so far.
How do the fees of RGQR and RCDB compare?
RGQR has an expense ratio of 0.17%, while RCDB has an expense ratio of 0.17%.
What are the top holdings of RGQR and RCDB?
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. RCDB's top holdings include Canada, Bond 2 1jun2028 10Y, Canada, Bond 0.5 1oct2030 10Y, and CMHC, 2.35% 15mar2028, CAD (80).
Which ETF is more diversified: RGQR or RCDB?
RGQR holds 21 securities, while RCDB holds 112. On holdings count, RCDB is the more diversified portfolio.
Recent articles about RGQR and RCDB
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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.