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Compare RBC Target 2031 Canadian Government Bond ETF (RGQT) vs iShares Canadian Government Bond Index ETF (XGB) to find the best fit for your portfolio. RGQT provides Municipal, Sovereign, and Government Agencies exposures, while XGB is primarily weighted in Sovereign, Municipal, and Government Agencies. When evaluating costs, RGQT features a management fee (MER) of 0.15%, compared to 0.12% for XGB. Performance-wise, RGQT has returned 0.51% year-to-date with +$91 M in net flows, whereas XGB is at 0.08% with -$212 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
XGB
| AuM | $136.53 M | $1,606.98 M |
| Management Fees | 0.15% | 0.12% |
| Exp. ratio | 0.17% | 0.13% |
| 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% | - |
XGB | +1.07% | -1.09% | +0.08% | -1.09% | +13.82% | |
| Flows | RGQT | +$9 M | +$17 M | +$91 M | +$103 M | - |
XGB | -$65 M | -$34 M | -$212 M | -$117 M | +$680 M |
RGQT vs XGB exposure
Countries
RGQT
Canada
99.95%
XGB
Canada
99.18%
Sectors
RGQT
Municipal
47.26%
Sovereign
32.44%
Government Agencies
18.06%
XGB
Sovereign
44.40%
Municipal
38.41%
Government Agencies
9.61%
Other
7.58%
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%
XGB
Canada, Bonds 2.75% 1sep2030, CAD
2.01%
Canada, Bonds 3.25% 1jun2036, CAD
2.00%
Canada, Bonds 2.75% 1mar2031, CAD
1.99%
Canada, Bonds 3.25% 1dec2035, CAD
1.98%
Canada, Bonds 3.25% 1jun2035, CAD
1.81%
Canada, Bonds 3% 1jun2034, CAD
1.57%
Canada, Bonds 3% 1sep2031, CAD
1.55%
Canada, Bonds 2.75% 1mar2030, CAD
1.55%
Canada, Bonds 3.5% 1sep2029, CAD
1.51%
Canada, Bonds 3.5% 1dec2057, CAD
1.50%
Diversification
RGQT
Total weight of top 10 holdings out of 18 total
82.71%
XGB
Total weight of top 10 holdings out of 550 total
17.48%
Characteristics
Compare
RGQT
XGB
| Provider | RBC Global Asset Management | iShares |
| 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 | 1.85% | 3.20% |
| Meets ESG criteria | No | No |
| Inception Date | April 1, 2025 | November 6, 2006 |
Frequently asked questions about RGQT and XGB
Which ETF has performed better year to date: RGQT or XGB?
As of October 16, 2026, RGQT has returned 0.51% year to date, while XGB has returned 0.08%. RGQT is ahead on YTD performance.
Which ETF is larger by assets under management: RGQT or XGB?
As of October 16, 2026, RGQT manages $136.53 M in assets, while XGB manages $1.61 B. XGB is the larger fund by AUM.
How are RGQT and XGB managed?
RGQT is actively managed by RBC Global Asset Management. It does not track an index. XGB is passively managed by iShares. It tracks the FTSE Canada All Government Bond TR Index - CAD benchmark.
What sectors do RGQT and XGB emphasize?
RGQT is most exposed to Municipal, Sovereign, and Government Agencies. XGB is most exposed to Sovereign, Municipal, and Government Agencies.
Which ETF is attracting more investor flows: RGQT or XGB?
Year to date, RGQT has seen +$90.86 M in net flows, compared with -$212.49 M for XGB. RGQT has attracted more net investor money so far.
How do the fees of RGQT and XGB compare?
RGQT has an expense ratio of 0.17%, while XGB has an expense ratio of 0.13%.
What are the top holdings of RGQT and XGB?
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). XGB's top holdings include Canada, Bonds 2.75% 1sep2030, CAD, Canada, Bonds 3.25% 1jun2036, CAD, and Canada, Bonds 2.75% 1mar2031, CAD.
Which ETF is more diversified: RGQT or XGB?
RGQT holds 18 securities, while XGB holds 549. On holdings count, XGB is the more diversified portfolio.
Recent articles about RGQT and XGB
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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.