VS
RBC Target 2030 Canadian Government Bond ETF (RGQS) and BMO Equal Weight Banks Index ETF (ZEB) 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 ZEB leans towards Finance. When evaluating costs, RGQS features a management fee (MER) of 0.15%, compared to 0.25% for ZEB. Performance-wise, RGQS has returned 1.05% year-to-date with +$7 M in net flows, whereas ZEB is at 33.28% with +$186 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
ZEB
| AuM | $106.98 M | $7,274.65 M |
| Management Fees | 0.15% | 0.25% |
| Exp. ratio | 0.17% | 0.28% |
| Tracking Difference | - | -0.65% |
Historical performance and flows
As of July 21, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | RGQS | +0.00% | +0.62% | +1.05% | +3.22% | - |
ZEB | +2.46% | +18.34% | +33.28% | +68.03% | +148.95% | |
| Flows | RGQS | -$6 M | -$2 M | +$7 M | +$36 M | - |
ZEB | +$949 M | +$1,224 M | +$186 M | +$871 M | -$394 M |
RGQS vs ZEB exposure
Countries
RGQS
Canada
86.69%
Other
13.31%
ZEB
Canada
100.00%
Sectors
RGQS
Municipal
42.96%
Sovereign
29.24%
Other
13.31%
Government agencies
9.52%
ZEB
Finance
100.00%
As of July 21, 2026
Top 10 Holdings
RGQS
Canada, Bond 0.5 1oct2030 10Y
11.70%
Canada, Bonds 2.75% 1mar2030, CAD
10.48%
Province of Quebec, 1.9% 1sep2030, CAD (B127)
9.92%
CMHC, 1.75% 15jun2030, CAD (92)
9.52%
CA135087T388
8.89%
Alberta, 2.05% 1jun2030, CAD
7.57%
Canada, Bond 1.25 1jun2030 10Y
7.06%
Province of Ontario, 1.35% 2dec2030, CAD (DMTN248)
6.93%
Province of Ontario, 2.05% 2jun2030, CAD (DMTN243)
6.19%
British Columbia, 2.2% 18jun2030, CAD (BCCD-40)
5.91%
ZEB
The Toronto-Dominion Bank
17.42%
Royal Bank of Canada
17.32%
Bank of Montreal
17.15%
The Bank of Nova Scotia
16.61%
Canadian Imperial Bank of Commerce
15.79%
National Bank of Canada
15.70%
Diversification
RGQS
Total weight of top 10 holdings out of 19 total
84.16%
ZEB
Total weight of top 10 holdings out of 6 total
100.00%
Characteristics
Compare
RGQS
ZEB
| Provider | RBC Global Asset Management | BMO |
| Management | Actively managed | Passively managed |
| Benchmark | - | Solactive Equal Weight Canada Banks GTR Index - CAD |
| Replication Method | Direct (Physical) | |
| Asset Class | Fixed Income | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 1.83% | 2.28% |
| Meets ESG criteria | No | No |
| Inception Date | April 24, 2024 | October 20, 2009 |
Frequently asked questions about RGQS and ZEB
Which ETF has performed better year to date: RGQS or ZEB?
As of July 21, 2026, RGQS has returned 1.05% year to date, while ZEB has returned 33.28%. ZEB is ahead on YTD performance.
Which ETF is larger by assets under management: RGQS or ZEB?
As of July 21, 2026, RGQS manages $106.98 M in assets, while ZEB manages $7.27 B. ZEB is the larger fund by AUM.
How are RGQS and ZEB managed?
RGQS is actively managed by RBC Global Asset Management. It does not track an index. ZEB is passively managed by BMO. It tracks the Solactive Equal Weight Canada Banks GTR Index - CAD benchmark.
What sectors do RGQS and ZEB emphasize?
RGQS is most exposed to Municipal, Sovereign, and Government agencies. ZEB is most exposed to Finance.
Which ETF is attracting more investor flows: RGQS or ZEB?
Year to date, RGQS has seen +$7.38 M in net flows, compared with +$186.29 M for ZEB. ZEB has attracted more net investor money so far.
How do the fees of RGQS and ZEB compare?
RGQS has an expense ratio of 0.17%, while ZEB has an expense ratio of 0.28%.
What are the top holdings of RGQS and ZEB?
RGQS's largest holdings include Canada, Bond 0.5 1oct2030 10Y and Canada, Bonds 2.75% 1mar2030, CAD. ZEB's top holdings include The Toronto-Dominion Bank, Royal Bank of Canada, and Bank of Montreal.
Which ETF is more diversified: RGQS or ZEB?
RGQS holds 18 securities, while ZEB holds 6. On holdings count, RGQS is the more diversified portfolio.
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