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Compare RBC Target 2031 Canadian Government Bond ETF (RGQT) vs BMO Government Bond Index ETF (ZGB) to find the best fit for your portfolio. RGQT provides Municipal, Sovereign, and Government Agencies exposures, while ZGB is primarily weighted in Sovereign, Municipal, and Government Agencies. When evaluating costs, RGQT features a management fee (MER) of 0.15%, compared to 0.15% for ZGB. Performance-wise, RGQT has returned 0.08% year-to-date with +$92 M in net flows, whereas ZGB is at 0.67% with -$204 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
ZGB
| AuM | $136.71 M | $1,228.18 M |
| Management Fees | 0.15% | 0.15% |
| Exp. ratio | 0.17% | 0.16% |
| Tracking Difference | - | - |
Historical performance and flows
As of October 19, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | RGQT | -0.19% | -1.18% | -0.08% | -1.23% | - |
ZGB | -0.47% | -1.64% | -0.67% | -2.11% | +13.95% | |
| Flows | RGQT | +$9 M | +$22 M | +$92 M | +$104 M | - |
ZGB | +$0 M | -$4 M | -$204 M | -$187 M | +$169 M |
RGQT vs ZGB exposure
Countries
RGQT
Canada
99.95%
ZGB
Canada
100.00%
Sectors
RGQT
Municipal
47.26%
Sovereign
32.44%
Government Agencies
18.06%
ZGB
Sovereign
45.15%
Municipal
41.48%
Government Agencies
13.37%
As of October 19, 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%
ZGB
Canada, Bond 1.25 1jun2030 10Y
12.58%
Canada, Bonds 2% 1jun2032, CAD
6.26%
Canada, Bonds 1.5% 1dec2031 10Y
6.16%
Canada Housing Trust, 4.25% 15mar2034, CAD (118)
3.50%
Canada, Bonds 3.5% 1mar2028, CAD
3.41%
Canada, Bonds 2.5% 1dec2032, CAD
3.20%
CMHC, 1.75% 15jun2030, CAD (92)
3.20%
Province of Ontario, 2.15% 2jun2031, CAD (DMTN249)
3.19%
Canada, Bonds 2.75% 1dec2055, CAD
2.59%
Province of Ontario, 2.65% 2dec2050, CAD (DMTN242)
2.32%
Diversification
RGQT
Total weight of top 10 holdings out of 18 total
82.71%
ZGB
Total weight of top 10 holdings out of 50 total
46.41%
Characteristics
Compare
RGQT
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 | 1.86% | 2.71% |
| Meets ESG criteria | No | No |
| Inception Date | April 1, 2025 | March 7, 2018 |
Frequently asked questions about RGQT and ZGB
Which ETF has performed better year to date: RGQT or ZGB?
As of October 19, 2026, RGQT has returned -0.08% year to date, while ZGB has returned -0.67%. RGQT is ahead on YTD performance.
Which ETF is larger by assets under management: RGQT or ZGB?
As of October 19, 2026, RGQT manages $136.71 M in assets, while ZGB manages $1.23 B. ZGB is the larger fund by AUM.
How are RGQT and ZGB managed?
RGQT 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 RGQT and ZGB emphasize?
RGQT 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: RGQT or ZGB?
Year to date, RGQT has seen +$91.84 M in net flows, compared with -$203.91 M for ZGB. RGQT has attracted more net investor money so far.
How do the fees of RGQT and ZGB compare?
RGQT has an expense ratio of 0.17%, while ZGB has an expense ratio of 0.16%.
What are the top holdings of RGQT and ZGB?
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). 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: RGQT or ZGB?
RGQT holds 18 securities, while ZGB holds 50. On holdings count, ZGB is the more diversified portfolio.
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