VS
RBC Target 2030 Canadian Government Bond ETF (RGQS) and RBC Target 2027 Canadian Corporate Bond Index ETF (RQP) offer distinct profiles for Canadian ETF investors. A direct comparison shows that RGQS focuses its top 3 sector exposures on Municipal, Sovereign, and Government Agencies, while RQP leans towards Finance, Utilities, and Energy. When evaluating costs, RGQS features a management fee (MER) of 0.15%, compared to 0.2% for RQP. Performance-wise, RGQS has returned 0.62% year-to-date with +$14 M in net flows, whereas RQP is at 1.7% with +$32 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
RGQS
RQP
| AuM | $112.62 M | $848.28 M |
| Management Fees | 0.15% | 0.20% |
| Exp. ratio | 0.17% | 0.22% |
| Tracking Difference | - | - |
Historical performance and flows
As of September 4, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | RGQS | -0.53% | -0.32% | +0.62% | +1.39% | - |
RQP | +0.17% | +0.65% | +1.70% | +2.88% | +18.61% | |
| Flows | RGQS | +$6 M | +$1 M | +$14 M | +$37 M | - |
RQP | +$7 M | +$33 M | +$32 M | +$28 M | +$573 M |
RGQS vs RQP exposure
Countries
RGQS
Canada
99.71%
RQP
Canada
99.97%
Sectors
RGQS
Municipal
47.01%
Sovereign
38.18%
Government Agencies
9.54%
RQP
Finance
72.05%
Other
27.95%
As of September 4, 2026
Top 10 Holdings
RGQS
Canada, Bond 0.5 1oct2030 10Y
11.71%
Canada, Bonds 2.75% 1mar2030, CAD
10.50%
Province of Quebec, 1.9% 1sep2030, CAD (B127)
9.94%
CMHC, 1.75% 15jun2030, CAD (92)
9.54%
Canada, Bonds 2.75% 1sep2030, CAD
8.89%
Alberta, 2.05% 1jun2030, CAD
7.58%
Canada, Bond 1.25 1jun2030 10Y
7.08%
Province of Ontario, 1.35% 2dec2030, CAD (DMTN248)
6.93%
Province of Ontario, 2.05% 2jun2030, CAD (DMTN243)
6.20%
British Columbia, 2.2% 18jun2030, CAD (BCCD-40)
5.92%
RQP
Royal Bank of Canada, 3.626% 10dec2028, CAD
7.04%
Bank of Nova Scotia, 3.807% 15nov2028, CAD
5.55%
Bank of Montreal, 4.309% 1jun2027, CAD
4.49%
Federation des caisses Desjardins du Quebec, 4.407% 19may2027, CAD
4.40%
Toronto-Dominion Bank, 5.376% 21oct2027, CAD
4.15%
CIBC, 5.05% 7oct2027, CAD
3.95%
CIBC, 2.25% 7jan2027, CAD (7449)
2.82%
Enbridge, 5.7% 9nov2027, CAD
2.68%
Sun Life Financial, 2.58% 10may2032, CAD (2020-1)
2.67%
Manulife Bank of Canada, 2.864% 16feb2027, CAD
2.61%
Diversification
RGQS
Total weight of top 10 holdings out of 19 total
84.29%
RQP
Total weight of top 10 holdings out of 40 total
40.37%
Characteristics
Compare
RGQS
RQP
| Provider | RBC Global Asset Management | RBC Global Asset Management |
| Management | Actively managed | Passively managed |
| Benchmark | - | FTSE Canada 2027 Maturity Corporate Bond Index - CAD |
| Replication Method | Direct (Physical) | |
| Asset Class | Fixed Income | Fixed Income |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 1.89% | 3.76% |
| Meets ESG criteria | No | No |
| Inception Date | April 24, 2024 | September 17, 2020 |
Frequently asked questions about RGQS and RQP
Which ETF has performed better year to date: RGQS or RQP?
As of September 4, 2026, RGQS has returned 0.62% year to date, while RQP has returned 1.70%. RQP is ahead on YTD performance.
Which ETF is larger by assets under management: RGQS or RQP?
As of September 4, 2026, RGQS manages $112.62 M in assets, while RQP manages $848.28 M. RQP is the larger fund by AUM.
How are RGQS and RQP managed?
RGQS is actively managed by RBC Global Asset Management. It does not track an index. RQP is passively managed by RBC Global Asset Management. It tracks the FTSE Canada 2027 Maturity Corporate Bond Index - CAD benchmark.
What sectors do RGQS and RQP emphasize?
RGQS is most exposed to Municipal, Sovereign, and Government Agencies. RQP is most exposed to Finance, Utilities, and Energy.
Which ETF is attracting more investor flows: RGQS or RQP?
Year to date, RGQS has seen +$13.83 M in net flows, compared with +$32.03 M for RQP. RQP has attracted more net investor money so far.
How do the fees of RGQS and RQP compare?
RGQS has an expense ratio of 0.17%, while RQP has an expense ratio of 0.22%.
What are the top holdings of RGQS and RQP?
RGQS's largest holdings include Canada, Bond 0.5 1oct2030 10Y, Canada, Bonds 2.75% 1mar2030, CAD, and Province of Quebec, 1.9% 1sep2030, CAD (B127). RQP's top holdings include Royal Bank of Canada, 3.626% 10dec2028, CAD, Bank of Nova Scotia, 3.807% 15nov2028, CAD, and Bank of Montreal, 4.309% 1jun2027, CAD.
Which ETF is more diversified: RGQS or RQP?
RGQS holds 19 securities, while RQP holds 40. On holdings count, RQP is the more diversified portfolio.
Recent articles about RGQS and RQP
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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.