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Compare RBC Target 2029 Canadian Government Bond ETF (RGQR) vs iShares Canadian Government Bond Index ETF (XGB) to find the best fit for your portfolio. RGQR provides Municipal, Sovereign, and Finance exposures, while XGB is primarily weighted in Sovereign, Municipal, and Government Agencies. When evaluating costs, RGQR features a management fee (MER) of 0.15%, compared to 0.12% for XGB. Performance-wise, RGQR has returned 1.21% year-to-date with +$37 M in net flows, whereas XGB is at 1.05% with -$228 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
XGB
| AuM | $101.46 M | $1,602.89 M |
| Management Fees | 0.15% | 0.12% |
| Exp. ratio | 0.17% | 0.13% |
| 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% |
XGB | +1.28% | +0.90% | +1.05% | +0.01% | +12.76% | |
| Flows | RGQR | +$5 M | +$10 M | +$37 M | +$24 M | +$71 M |
XGB | +$15 M | -$59 M | -$228 M | -$156 M | +$664 M |
RGQR vs XGB exposure
Countries
RGQR
Canada
99.63%
XGB
Canada
98.12%
Sectors
RGQR
Municipal
46.92%
Sovereign
22.64%
Finance
14.63%
Government Agencies
11.05%
XGB
Sovereign
43.89%
Municipal
37.85%
Government Agencies
9.36%
Other
8.90%
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%
XGB
Canada, Bonds 2.75% 1sep2030, CAD
2.12%
Canada, Bonds 2.75% 1mar2031, CAD
2.02%
Canada, Bonds 3.25% 1jun2035, CAD
1.98%
Canada, Bonds 3.25% 1jun2036, CAD
1.96%
Canada, Bonds 3.25% 1dec2035, CAD
1.89%
Canada, Bonds 3% 1sep2031, CAD
1.88%
Canada, Bonds 3% 1jun2034, CAD
1.62%
Canada, Bonds 3.5% 1dec2057, CAD
1.48%
Canada, Bonds 3.5% 1sep2029, CAD
1.47%
Canada, Bond 1.5 1jun2031 10Y
1.45%
Diversification
RGQR
Total weight of top 10 holdings out of 21 total
74.02%
XGB
Total weight of top 10 holdings out of 552 total
17.88%
Characteristics
Compare
RGQR
XGB
| Provider | RBC Global Asset Management | iShares |
| Management | Actively managed | Passively managed |
| Benchmark | - | FTSE Canada All Government Bond TR Index - CAD |
| Replication Method | - | Direct (Physical) |
| Asset Class | Fixed Income | Fixed Income |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 2.90% | 3.19% |
| Meets ESG criteria | No | No |
| Inception Date | April 21, 2023 | November 6, 2006 |
Frequently asked questions about RGQR and XGB
Which ETF has performed better year to date: RGQR or XGB?
As of November 11, 2026, RGQR has returned 1.21% year to date, while XGB has returned 1.05%. RGQR is ahead on YTD performance.
Which ETF is larger by assets under management: RGQR or XGB?
As of November 11, 2026, RGQR manages $101.46 M in assets, while XGB manages $1.60 B. XGB is the larger fund by AUM.
How are RGQR and XGB managed?
RGQR is actively managed by RBC Global Asset Management. It does not track an index. XGB is passively managed by iShares. It tracks the FTSE Canada All Government Bond TR Index - CAD benchmark.
What sectors do RGQR and XGB emphasize?
RGQR is most exposed to Municipal, Sovereign, and Finance. XGB is most exposed to Sovereign, Municipal, and Government Agencies.
Which ETF is attracting more investor flows: RGQR or XGB?
Year to date, RGQR has seen +$37.28 M in net flows, compared with -$227.60 M for XGB. RGQR has attracted more net investor money so far.
How do the fees of RGQR and XGB compare?
RGQR has an expense ratio of 0.17%, while XGB has an expense ratio of 0.13%.
What are the top holdings of RGQR and XGB?
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. XGB's top holdings include Canada, Bonds 2.75% 1sep2030, CAD, Canada, Bonds 2.75% 1mar2031, CAD, and Canada, Bonds 3.25% 1jun2035, CAD.
Which ETF is more diversified: RGQR or XGB?
RGQR holds 21 securities, while XGB holds 545. On holdings count, XGB is the more diversified portfolio.
Recent articles about RGQR and XGB
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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.