VS
RBC Target 2031 Canadian Government Bond ETF (RGQT) and RBC Canadian Discount Bond ETF (RCDB) 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 RCDB leans towards Finance, Municipal, and Sovereign. When evaluating costs, RGQT features a management fee (MER) of 0.15%, compared to 0.15% for RCDB. Performance-wise, RGQT has returned 0.51% year-to-date with +$91 M in net flows, whereas RCDB is at 1.23% with +$139 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
RCDB
| AuM | $136.53 M | $1,400.14 M |
| Management Fees | 0.15% | 0.15% |
| Exp. ratio | 0.17% | 0.17% |
| 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% | - |
RCDB | +0.64% | -0.04% | +1.23% | +1.16% | +15.49% | |
| Flows | RGQT | +$9 M | +$17 M | +$91 M | +$103 M | - |
RCDB | -$33 M | -$9 M | +$139 M | +$160 M | +$348 M |
RGQT vs RCDB exposure
Countries
RGQT
Canada
99.95%
RCDB
Canada
99.08%
Sectors
RGQT
Municipal
47.26%
Sovereign
32.44%
Government Agencies
18.06%
RCDB
Finance
32.14%
Municipal
16.92%
Sovereign
16.13%
Utilities
7.90%
Government Agencies
7.17%
Other
19.73%
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%
RCDB
Canada, Bond 2 1jun2028 10Y
4.51%
Canada, Bond 0.5 1oct2030 10Y
3.70%
CMHC, 2.35% 15mar2028, CAD (80)
3.42%
Province of Ontario, 1.55% 1nov2029, CAD (DMTN251)
3.40%
Bell Canada, 1.65% 16aug2027, CAD (M-53)
2.24%
Province of Quebec, 1.9% 1sep2030, CAD (B127)
2.05%
CMHC, 1.75% 15jun2030, CAD (92)
2.02%
Royal Bank of Canada, 3.572% 9dec2031, CAD
1.92%
Hydro-Quebec, 2% 1sep2028, CAD (0082)
1.88%
Canada, Bonds 1.5% 1dec2031 10Y
1.78%
Diversification
RGQT
Total weight of top 10 holdings out of 18 total
82.71%
RCDB
Total weight of top 10 holdings out of 111 total
26.91%
Characteristics
Compare
RGQT
RCDB
| Provider | RBC Global Asset Management | RBC Global Asset Management |
| Management | Actively managed | Actively managed |
| Benchmark | - | - |
| Replication Method | - | - |
| Asset Class | Fixed Income | Fixed Income |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 1.85% | 2.26% |
| Meets ESG criteria | No | No |
| Inception Date | April 1, 2025 | June 12, 2019 |
Frequently asked questions about RGQT and RCDB
Which ETF has performed better year to date: RGQT or RCDB?
As of October 16, 2026, RGQT has returned 0.51% year to date, while RCDB has returned 1.23%. RCDB is ahead on YTD performance.
Which ETF is larger by assets under management: RGQT or RCDB?
As of October 16, 2026, RGQT manages $136.53 M in assets, while RCDB manages $1.40 B. RCDB is the larger fund by AUM.
How are RGQT and RCDB managed?
RGQT is actively managed by RBC Global Asset Management. It does not track an index. RCDB is actively managed by RBC Global Asset Management. It does not track an index.
What sectors do RGQT and RCDB emphasize?
RGQT is most exposed to Municipal, Sovereign, and Government Agencies. RCDB is most exposed to Finance, Municipal, and Sovereign.
Which ETF is attracting more investor flows: RGQT or RCDB?
Year to date, RGQT has seen +$90.86 M in net flows, compared with +$139.16 M for RCDB. RCDB has attracted more net investor money so far.
How do the fees of RGQT and RCDB compare?
RGQT has an expense ratio of 0.17%, while RCDB has an expense ratio of 0.17%.
What are the top holdings of RGQT and RCDB?
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). RCDB's top holdings include Canada, Bond 2 1jun2028 10Y, Canada, Bond 0.5 1oct2030 10Y, and CMHC, 2.35% 15mar2028, CAD (80).
Which ETF is more diversified: RGQT or RCDB?
RGQT holds 18 securities, while RCDB holds 111. On holdings count, RCDB is the more diversified portfolio.
Recent articles about RGQT and RCDB
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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.