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Compare RBC Target 2029 Canadian Government Bond ETF (RGQR) vs BMO Government Bond Index ETF (ZGB) to find the best fit for your portfolio. RGQR provides Municipal, Sovereign, and Finance exposures, while ZGB is primarily weighted in Sovereign, Municipal, and Government Agencies. When evaluating costs, RGQR features a management fee (MER) of 0.15%, compared to 0.15% for ZGB. Performance-wise, RGQR has returned 1.21% year-to-date with +$37 M in net flows, whereas ZGB is at 1.08% with -$205 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
ZGB
| AuM | $101.46 M | $1,245.93 M |
| Management Fees | 0.15% | 0.15% |
| Exp. ratio | 0.17% | 0.16% |
| 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% |
ZGB | +1.28% | +0.91% | +1.08% | +0.03% | +12.68% | |
| Flows | RGQR | +$5 M | +$10 M | +$37 M | +$24 M | +$71 M |
ZGB | -$1 M | -$13 M | -$205 M | -$189 M | +$109 M |
RGQR vs ZGB exposure
Countries
RGQR
Canada
99.63%
ZGB
Canada
100.00%
Sectors
RGQR
Municipal
46.92%
Sovereign
22.64%
Finance
14.63%
Government Agencies
11.05%
ZGB
Sovereign
45.20%
Municipal
41.39%
Government Agencies
13.41%
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%
ZGB
Canada, Bond 1.25 1jun2030 10Y
12.65%
Canada, Bonds 2% 1jun2032, CAD
6.27%
Canada, Bonds 1.5% 1dec2031 10Y
6.17%
Canada Housing Trust, 4.25% 15mar2034, CAD (118)
3.49%
Canada, Bonds 3.5% 1mar2028, CAD
3.45%
CMHC, 1.75% 15jun2030, CAD (92)
3.21%
Canada, Bonds 2.5% 1dec2032, CAD
3.20%
Province of Ontario, 2.15% 2jun2031, CAD (DMTN249)
3.20%
Canada, Bonds 2.75% 1dec2055, CAD
2.56%
Province of Ontario, 2.65% 2dec2050, CAD (DMTN242)
2.30%
Diversification
RGQR
Total weight of top 10 holdings out of 21 total
74.02%
ZGB
Total weight of top 10 holdings out of 50 total
46.50%
Characteristics
Compare
RGQR
ZGB
| Provider | RBC Global Asset Management | BMO |
| 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% | 2.91% |
| Meets ESG criteria | No | No |
| Inception Date | April 21, 2023 | March 7, 2018 |
Frequently asked questions about RGQR and ZGB
Which ETF has performed better year to date: RGQR or ZGB?
As of November 11, 2026, RGQR has returned 1.21% year to date, while ZGB has returned 1.08%. RGQR is ahead on YTD performance.
Which ETF is larger by assets under management: RGQR or ZGB?
As of November 11, 2026, RGQR manages $101.46 M in assets, while ZGB manages $1.25 B. ZGB is the larger fund by AUM.
How are RGQR and ZGB managed?
RGQR is actively managed by RBC Global Asset Management. It does not track an index. ZGB is passively managed by BMO. It tracks the FTSE Canada All Government Bond TR Index - CAD benchmark.
What sectors do RGQR and ZGB emphasize?
RGQR is most exposed to Municipal, Sovereign, and Finance. ZGB is most exposed to Sovereign, Municipal, and Government Agencies.
Which ETF is attracting more investor flows: RGQR or ZGB?
Year to date, RGQR has seen +$37.28 M in net flows, compared with -$204.80 M for ZGB. RGQR has attracted more net investor money so far.
How do the fees of RGQR and ZGB compare?
RGQR has an expense ratio of 0.17%, while ZGB has an expense ratio of 0.16%.
What are the top holdings of RGQR and ZGB?
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. ZGB's top holdings include Canada, Bond 1.25 1jun2030 10Y, Canada, Bonds 2% 1jun2032, CAD, and Canada, Bonds 1.5% 1dec2031 10Y.
Which ETF is more diversified: RGQR or ZGB?
RGQR holds 21 securities, while ZGB holds 50. On holdings count, ZGB is the more diversified portfolio.
Recent articles about RGQR and ZGB
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