VS
RBC Target 2032 Canadian Government Bond ETF (RGQU) and RBC Target 2027 Canadian Corporate Bond Index ETF (RQP) offer distinct profiles for Canadian ETF investors. A direct comparison shows that RGQU focuses its top 3 sector exposures on Sovereign, Municipal, and Government Agencies, while RQP leans towards Finance, Utilities, and Energy. When evaluating costs, RGQU features a management fee (MER) of 0.15%, compared to 0.2% for RQP. 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
RGQU
RQP
| AuM | $1.98 M | $844.57 M |
| Management Fees | 0.15% | 0.20% |
| Exp. ratio | 0.15% | 0.22% |
| Tracking Difference | - | - |
Historical performance and flows
As of September 1, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | RGQU | -1.04% | -0.98% | - | - | - |
RQP | +0.17% | +0.68% | +1.70% | +2.96% | +18.17% | |
| Flows | RGQU | +$0 M | +$0 M | - | - | - |
RQP | +$4 M | +$29 M | +$28 M | +$27 M | +$569 M |
RGQU vs RQP exposure
Countries
RGQU
Canada
99.92%
RQP
Canada
99.97%
Sectors
RGQU
Sovereign
43.37%
Municipal
35.56%
Government Agencies
11.10%
Finance
7.39%
RQP
Finance
72.05%
Other
27.95%
As of September 1, 2026
Top 10 Holdings
RGQU
Canada, Bonds 2% 1jun2032, CAD
20.94%
Canada, Bonds 2.5% 1dec2032, CAD
19.44%
Canada Housing Trust, 3.55% 15sep2032, CAD (107)
11.10%
Province of Ontario, 3.75% 2jun2032, CAD (DMTN254)
10.06%
Province of Quebec, 3.25% 1sep2032, CAD (B131)
9.02%
CPPIB Capital, 3.95% 2jun2032, CAD (55)
4.95%
Province of Quebec, 3.65% 20may2032, CAD (B132)
3.86%
Province of Ontario, 4.05% 2feb2032, CAD (DMTN257)
3.01%
Canada, Bonds 3% 1mar2032, CAD (C)
2.98%
Hydro-Quebec, 3.55% 1sep2032, CAD (0091)
2.51%
RQP
Royal Bank of Canada, 3.626% 10dec2028, CAD
7.04%
Bank of Nova Scotia, 3.807% 15nov2028, CAD
5.55%
Bank of Montreal, 4.309% 1jun2027, CAD
4.49%
Federation des caisses Desjardins du Quebec, 4.407% 19may2027, CAD
4.40%
Toronto-Dominion Bank, 5.376% 21oct2027, CAD
4.15%
CIBC, 5.05% 7oct2027, CAD
3.95%
CIBC, 2.25% 7jan2027, CAD (7449)
2.82%
Enbridge, 5.7% 9nov2027, CAD
2.68%
Sun Life Financial, 2.58% 10may2032, CAD (2020-1)
2.67%
Manulife Bank of Canada, 2.864% 16feb2027, CAD
2.61%
Diversification
RGQU
Total weight of top 10 holdings out of 17 total
87.88%
RQP
Total weight of top 10 holdings out of 40 total
40.37%
Characteristics
Compare
RGQU
RQP
| Provider | RBC Global Asset Management | RBC Global Asset Management |
| Management | Actively managed | Passively managed |
| Benchmark | - | FTSE Canada 2027 Maturity Corporate Bond Index - CAD |
| Replication Method | Direct (Physical) | |
| Asset Class | Fixed Income | Fixed Income |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | - | 3.76% |
| Meets ESG criteria | No | No |
| Inception Date | March 25, 2026 | September 17, 2020 |
Frequently asked questions about RGQU and RQP
Which ETF is larger by assets under management: RGQU or RQP?
As of September 1, 2026, RGQU manages $1.98 M in assets, while RQP manages $844.57 M. RQP is the larger fund by AUM.
How are RGQU and RQP managed?
RGQU is actively managed by RBC Global Asset Management. It does not track an index. RQP is passively managed by RBC Global Asset Management. It tracks the FTSE Canada 2027 Maturity Corporate Bond Index - CAD benchmark.
What sectors do RGQU and RQP emphasize?
RGQU is most exposed to Sovereign, Municipal, and Government Agencies. RQP is most exposed to Finance, Utilities, and Energy.
How do the fees of RGQU and RQP compare?
RGQU has an expense ratio of 0.15%, while RQP has an expense ratio of 0.22%.
What are the top holdings of RGQU and RQP?
RGQU's largest holdings include Canada, Bonds 2% 1jun2032, CAD, Canada, Bonds 2.5% 1dec2032, CAD, and Canada Housing Trust, 3.55% 15sep2032, CAD (107). RQP's top holdings include Royal Bank of Canada, 3.626% 10dec2028, CAD, Bank of Nova Scotia, 3.807% 15nov2028, CAD, and Bank of Montreal, 4.309% 1jun2027, CAD.
Which ETF is more diversified: RGQU or RQP?
RGQU holds 17 securities, while RQP holds 40. On holdings count, RQP is the more diversified portfolio.
Recent articles about RGQU and RQP
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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.