VS
RBC Target 2031 Canadian Government Bond ETF (RGQT) and BMO Equal Weight Banks Index ETF (ZEB) 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 ZEB leans towards Finance. When evaluating costs, RGQT features a management fee (MER) of 0.15%, compared to 0.25% for ZEB. Performance-wise, RGQT has returned 1.19% year-to-date with +$71 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
RGQT
ZEB
| AuM | $118.12 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. | RGQT | -0.08% | +0.65% | +1.19% | +3.60% | - |
ZEB | +2.46% | +18.34% | +33.28% | +68.03% | +148.95% | |
| Flows | RGQT | +$1 M | +$16 M | +$71 M | +$106 M | - |
ZEB | +$949 M | +$1,224 M | +$186 M | +$871 M | -$394 M |
RGQT vs ZEB exposure
Countries
RGQT
Canada
83.06%
Other
16.94%
ZEB
Canada
100.00%
Sectors
RGQT
Municipal
44.06%
Sovereign
18.83%
Government agencies
17.98%
Other
16.94%
ZEB
Finance
100.00%
As of July 21, 2026
Top 10 Holdings
RGQT
CA135087T792
13.50%
Canada, Bond 1.5 1jun2031 10Y
10.86%
Canada Housing Trust, 1.1% 15mar2031, CAD (95)
10.84%
Province of Ontario, 2.15% 2jun2031, CAD (DMTN249)
8.75%
Canada, Bonds 1.5% 1dec2031 10Y
7.97%
Canada Housing Trust, 1.6% 15dec2031, CAD (101)
7.14%
Province of Quebec, 1.5% 1sep2031, CAD (B128)
6.87%
British Columbia, 1.55% 18jun2031, CAD (BCCD-41)
6.17%
Alberta, 1.65% 1jun2031, CAD
5.38%
Province of Ontario, 2.25% 2dec2031, CAD (DMTN253)
4.91%
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
RGQT
Total weight of top 10 holdings out of 18 total
82.41%
ZEB
Total weight of top 10 holdings out of 6 total
100.00%
Characteristics
Compare
RGQT
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 | 1.78% | 2.28% |
| Meets ESG criteria | No | No |
| Inception Date | April 1, 2025 | October 20, 2009 |
Frequently asked questions about RGQT and ZEB
Which ETF has performed better year to date: RGQT or ZEB?
As of July 21, 2026, RGQT has returned 1.19% year to date, while ZEB has returned 33.28%. ZEB is ahead on YTD performance.
Which ETF is larger by assets under management: RGQT or ZEB?
As of July 21, 2026, RGQT manages $118.12 M in assets, while ZEB manages $7.27 B. ZEB is the larger fund by AUM.
How are RGQT and ZEB managed?
RGQT 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 RGQT and ZEB emphasize?
RGQT is most exposed to Municipal, Sovereign, and Government agencies. ZEB is most exposed to Finance.
Which ETF is attracting more investor flows: RGQT or ZEB?
Year to date, RGQT has seen +$71.11 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 RGQT and ZEB compare?
RGQT has an expense ratio of 0.17%, while ZEB has an expense ratio of 0.28%.
What are the top holdings of RGQT and ZEB?
RGQT's largest holdings include Canada, Bond 1.5 1jun2031 10Y and Canada Housing Trust, 1.1% 15mar2031, CAD (95). ZEB's top holdings include The Toronto-Dominion Bank, Royal Bank of Canada, and Bank of Montreal.
Which ETF is more diversified: RGQT or ZEB?
RGQT holds 17 securities, while ZEB holds 6. On holdings count, RGQT is the more diversified portfolio.
Recent articles about RGQT and ZEB
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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.