VS
RBC Target 2031 Canadian Government Bond ETF (RGQT) and NBI Sustainable Canadian Bond ETF (NSCB) offer distinct profiles for Canadian ETF investors. A direct comparison shows that RGQT focuses its top 3 sector exposures on Municipal, Sovereign, and Government Agencies, while NSCB leans towards Finance, Sovereign, and Utilities. When evaluating costs, RGQT features a management fee (MER) of 0.15%, compared to 0.63% for NSCB. Performance-wise, RGQT has returned 0.51% year-to-date with +$91 M in net flows, whereas NSCB is at 2.35% with +$39 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
RGQT
NSCB
| AuM | $136.53 M | $2,812.23 M |
| Management Fees | 0.15% | 0.63% |
| Exp. ratio | 0.17% | 0.61% |
| Tracking Difference | - | - |
Historical performance and flows
As of October 16, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | RGQT | +0.84% | -0.68% | +0.51% | -0.47% | - |
NSCB | +0.71% | -1.86% | -2.35% | -4.32% | +5.41% | |
| Flows | RGQT | +$9 M | +$17 M | +$91 M | +$103 M | - |
NSCB | +$1 M | +$42 M | +$39 M | +$52 M | +$914 M |
RGQT vs NSCB exposure
Countries
RGQT
Canada
99.95%
NSCB
Canada
94.79%
Sectors
RGQT
Municipal
47.26%
Sovereign
32.44%
Government Agencies
18.06%
NSCB
Finance
28.83%
Sovereign
19.54%
Utilities
19.38%
Municipal
16.63%
Industrials
7.35%
Other
8.27%
As of October 16, 2026
Top 10 Holdings
RGQT
Canada, Bonds 2.75% 1mar2031, CAD
13.54%
Canada, Bond 1.5 1jun2031 10Y
10.90%
Canada Housing Trust, 1.1% 15mar2031, CAD (95)
10.90%
Province of Ontario, 2.15% 2jun2031, CAD (DMTN249)
8.78%
Canada, Bonds 1.5% 1dec2031 10Y
7.99%
Canada Housing Trust, 1.6% 15dec2031, CAD (101)
7.16%
Province of Quebec, 1.5% 1sep2031, CAD (B128)
6.90%
British Columbia, 1.55% 18jun2031, CAD (BCCD-41)
6.20%
Alberta, 1.65% 1jun2031, CAD
5.40%
Province of Ontario, 2.25% 2dec2031, CAD (DMTN253)
4.92%
NSCB
Canada, Bonds 3.5% 1mar2034, CAD
9.82%
Canada, Bonds 3.25% 1mar2036, CAD
4.47%
Hydro-Quebec, 5% 15feb2050, CAD (JN)
3.20%
Canada, Bonds 3.5% 1dec2056, CAD (D)
2.72%
Province of Ontario, 4.1% 7oct2054, CAD (DMTN267)
2.62%
Canada, Bonds 3% 1mar2032, CAD (C)
2.53%
PSP Capital, 4.4% 2dec2030, CAD (G-13)
2.49%
PSP Capital, 2.6% 1mar2032, CAD (G-4)
2.40%
Hydro-Quebec, 4% 15feb2055, CAD (JQ)
2.29%
Province of Ontario, FRN 19nov2030, CAD (DMTN274)
2.19%
Diversification
RGQT
Total weight of top 10 holdings out of 18 total
82.71%
NSCB
Total weight of top 10 holdings out of 158 total
34.72%
Characteristics
Compare
RGQT
NSCB
| Provider | RBC Global Asset Management | National Bank Investments |
| Management | Actively managed | Actively managed |
| Benchmark | - | - |
| Replication Method | - | - |
| Asset Class | Fixed Income | Fixed Income |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 1.85% | 0.00% |
| Meets ESG criteria | No | Yes |
| Inception Date | April 1, 2025 | January 23, 2020 |
Frequently asked questions about RGQT and NSCB
Which ETF has performed better year to date: RGQT or NSCB?
As of October 16, 2026, RGQT has returned 0.51% year to date, while NSCB has returned -2.35%. RGQT is ahead on YTD performance.
Which ETF is larger by assets under management: RGQT or NSCB?
As of October 16, 2026, RGQT manages $136.53 M in assets, while NSCB manages $2.81 B. NSCB is the larger fund by AUM.
How are RGQT and NSCB managed?
RGQT is actively managed by RBC Global Asset Management. It does not track an index. NSCB is actively managed by National Bank Investments. It does not track an index.
What sectors do RGQT and NSCB emphasize?
RGQT is most exposed to Municipal, Sovereign, and Government Agencies. NSCB is most exposed to Finance, Sovereign, and Utilities.
Which ETF is attracting more investor flows: RGQT or NSCB?
Year to date, RGQT has seen +$90.86 M in net flows, compared with +$38.61 M for NSCB. RGQT has attracted more net investor money so far.
How do the fees of RGQT and NSCB compare?
RGQT has an expense ratio of 0.17%, while NSCB has an expense ratio of 0.61%.
What are the top holdings of RGQT and NSCB?
RGQT's largest holdings include Canada, Bonds 2.75% 1mar2031, CAD, Canada, Bond 1.5 1jun2031 10Y, and Canada Housing Trust, 1.1% 15mar2031, CAD (95). NSCB's top holdings include Canada, Bonds 3.5% 1mar2034, CAD, Canada, Bonds 3.25% 1mar2036, CAD, and Hydro-Quebec, 5% 15feb2050, CAD (JN).
Which ETF is more diversified: RGQT or NSCB?
RGQT holds 18 securities, while NSCB holds 152. On holdings count, NSCB is the more diversified portfolio.
Recent articles about RGQT and NSCB
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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.