VS
RBC Target 2030 Canadian Government Bond ETF (RGQS) and BMO Discount Bond Index ETF (ZDB) 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 ZDB leans towards Sovereign, Municipal, and Finance. When evaluating costs, RGQS features a management fee (MER) of 0.15%, compared to 0.09% for ZDB. Performance-wise, RGQS has returned 0.5% year-to-date with +$14 M in net flows, whereas ZDB is at 0.16% with +$239 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
ZDB
| AuM | $112.48 M | $1,372.17 M |
| Management Fees | 0.15% | 0.09% |
| Exp. ratio | 0.17% | 0.10% |
| Tracking Difference | - | - |
Historical performance and flows
As of September 3, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | RGQS | -0.66% | -0.42% | +0.50% | +1.40% | - |
ZDB | -1.19% | -1.61% | -0.16% | +1.21% | +13.00% | |
| Flows | RGQS | +$6 M | +$1 M | +$14 M | +$38 M | - |
ZDB | +$46 M | +$134 M | +$239 M | +$577 M | +$517 M |
RGQS vs ZDB exposure
Countries
RGQS
Canada
99.71%
ZDB
Canada
100.00%
Sectors
RGQS
Municipal
47.01%
Sovereign
38.18%
Government Agencies
9.54%
ZDB
Sovereign
33.15%
Municipal
31.50%
Finance
11.53%
Government Agencies
9.96%
Other
13.86%
As of September 3, 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%
ZDB
Canada, Bond 0.5 1oct2030 10Y
18.46%
CMHC, 1.9% 15mar2031, CAD (100)
6.90%
Province of Quebec, 1.5% 1sep2031, CAD (B128)
5.47%
Canada, Bonds 2.25% 1dec2029, CAD
5.20%
Province of Ontario, 2.65% 2dec2050, CAD (DMTN242)
5.12%
Province of Ontario, 2.05% 2jun2030, CAD (DMTN243)
5.10%
Sun Life Financial, 2.06% 1oct2035, CAD (2020-2)
5.00%
Toronto-Dominion Bank, 1.896% 11sep2028, CAD
3.90%
Canada, Bonds 2% 1jun2032, CAD
3.11%
Pembina Pipeline Corporation, 3.31% 1feb2030, CAD (15)
2.63%
Diversification
RGQS
Total weight of top 10 holdings out of 19 total
84.29%
ZDB
Total weight of top 10 holdings out of 48 total
60.88%
Characteristics
Compare
RGQS
ZDB
| Provider | RBC Global Asset Management | BMO |
| Management | Actively managed | Passively managed |
| Benchmark | - | FTSE Canada Universe Discount Bond Index - CAD |
| Replication Method | Direct (Physical) | |
| Asset Class | Fixed Income | Fixed Income |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 1.90% | 1.89% |
| Meets ESG criteria | No | No |
| Inception Date | April 24, 2024 | February 10, 2014 |
Frequently asked questions about RGQS and ZDB
Which ETF has performed better year to date: RGQS or ZDB?
As of September 3, 2026, RGQS has returned 0.50% year to date, while ZDB has returned -0.16%. RGQS is ahead on YTD performance.
Which ETF is larger by assets under management: RGQS or ZDB?
As of September 3, 2026, RGQS manages $112.48 M in assets, while ZDB manages $1.37 B. ZDB is the larger fund by AUM.
How are RGQS and ZDB managed?
RGQS is actively managed by RBC Global Asset Management. It does not track an index. ZDB is passively managed by BMO. It tracks the FTSE Canada Universe Discount Bond Index - CAD benchmark.
What sectors do RGQS and ZDB emphasize?
RGQS is most exposed to Municipal, Sovereign, and Government Agencies. ZDB is most exposed to Sovereign, Municipal, and Finance.
Which ETF is attracting more investor flows: RGQS or ZDB?
Year to date, RGQS has seen +$13.83 M in net flows, compared with +$238.87 M for ZDB. ZDB has attracted more net investor money so far.
How do the fees of RGQS and ZDB compare?
RGQS has an expense ratio of 0.17%, while ZDB has an expense ratio of 0.10%.
What are the top holdings of RGQS and ZDB?
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). ZDB's top holdings include Canada, Bond 0.5 1oct2030 10Y, CMHC, 1.9% 15mar2031, CAD (100), and Province of Quebec, 1.5% 1sep2031, CAD (B128).
Which ETF is more diversified: RGQS or ZDB?
RGQS holds 19 securities, while ZDB holds 48. On holdings count, ZDB is the more diversified portfolio.
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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.