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Compare RBC Target 2030 Canadian Government Bond ETF (RGQS) vs BMO Government Bond Index ETF (ZGB) to find the best fit for your portfolio. RGQS provides Municipal, Sovereign, and Government Agencies exposures, while ZGB is primarily weighted in Sovereign, Municipal, and Government Agencies. When evaluating costs, RGQS features a management fee (MER) of 0.15%, compared to 0.15% for ZGB. Performance-wise, RGQS has returned 0.5% year-to-date with +$14 M in net flows, whereas ZGB is at 0.11% with -$198 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
ZGB
| AuM | $112.48 M | $1,244.47 M |
| Management Fees | 0.15% | 0.15% |
| Exp. ratio | 0.17% | 0.17% |
| 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% | - |
ZGB | -1.27% | -1.64% | -0.11% | +1.23% | +11.47% | |
| Flows | RGQS | +$6 M | +$1 M | +$14 M | +$38 M | - |
ZGB | -$6 M | -$5 M | -$198 M | -$198 M | +$185 M |
RGQS vs ZGB exposure
Countries
RGQS
Canada
99.71%
ZGB
Canada
100.00%
Sectors
RGQS
Municipal
47.01%
Sovereign
38.18%
Government Agencies
9.54%
ZGB
Sovereign
45.02%
Municipal
41.74%
Government Agencies
13.24%
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%
ZGB
Canada, Bond 1.25 1jun2030 10Y
12.45%
Canada, Bonds 2% 1jun2032, CAD
6.22%
Canada, Bonds 1.5% 1dec2031 10Y
6.11%
Canada Housing Trust, 4.25% 15mar2034, CAD (118)
3.48%
Canada, Bonds 3.5% 1mar2028, CAD
3.37%
Canada, Bonds 2.5% 1dec2032, CAD
3.18%
CMHC, 1.75% 15jun2030, CAD (92)
3.16%
Province of Ontario, 2.15% 2jun2031, CAD (DMTN249)
3.16%
Canada, Bonds 2.75% 1dec2055, CAD
2.62%
Province of Ontario, 2.65% 2dec2050, CAD (DMTN242)
2.33%
Diversification
RGQS
Total weight of top 10 holdings out of 19 total
84.29%
ZGB
Total weight of top 10 holdings out of 48 total
46.09%
Characteristics
Compare
RGQS
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 | 1.90% | 3.15% |
| Meets ESG criteria | No | No |
| Inception Date | April 24, 2024 | March 7, 2018 |
Frequently asked questions about RGQS and ZGB
Which ETF has performed better year to date: RGQS or ZGB?
As of September 3, 2026, RGQS has returned 0.50% year to date, while ZGB has returned -0.11%. RGQS is ahead on YTD performance.
Which ETF is larger by assets under management: RGQS or ZGB?
As of September 3, 2026, RGQS manages $112.48 M in assets, while ZGB manages $1.24 B. ZGB is the larger fund by AUM.
How are RGQS and ZGB managed?
RGQS 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 RGQS and ZGB emphasize?
RGQS is most exposed to Municipal, Sovereign, and Government Agencies. ZGB is most exposed to Sovereign, Municipal, and Government Agencies.
Which ETF is attracting more investor flows: RGQS or ZGB?
Year to date, RGQS has seen +$13.83 M in net flows, compared with -$197.62 M for ZGB. RGQS has attracted more net investor money so far.
How do the fees of RGQS and ZGB compare?
RGQS has an expense ratio of 0.17%, while ZGB has an expense ratio of 0.17%.
What are the top holdings of RGQS and ZGB?
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). 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: RGQS or ZGB?
RGQS holds 19 securities, while ZGB holds 48. On holdings count, ZGB 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.