VS
RBC Target 2032 Canadian Government Bond ETF (RGQU) and BMO Discount Bond Index ETF (ZDB) 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 ZDB leans towards Sovereign, Municipal, and Finance. When evaluating costs, RGQU features a management fee (MER) of 0.15%, compared to 0.09% for ZDB. 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
ZDB
| AuM | $1.99 M | $1,359.63 M |
| Management Fees | 0.15% | 0.09% |
| Exp. ratio | 0.15% | 0.10% |
| Tracking Difference | - | - |
Historical performance and flows
As of September 1, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | RGQU | -0.69% | -0.53% | - | - | - |
ZDB | -0.91% | -1.31% | +0.13% | +1.86% | +12.41% | |
| Flows | RGQU | +$0 M | +$0 M | - | - | - |
ZDB | +$30 M | +$120 M | +$222 M | +$561 M | +$501 M |
RGQU vs ZDB exposure
Countries
RGQU
Canada
99.92%
ZDB
Canada
100.00%
Sectors
RGQU
Sovereign
43.37%
Municipal
35.56%
Government Agencies
11.10%
Finance
7.39%
ZDB
Sovereign
33.15%
Municipal
31.50%
Finance
11.53%
Government Agencies
9.96%
Other
13.86%
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%
ZDB
Canada, Bond 0.5 1oct2030 10Y
18.46%
CMHC, 1.9% 15mar2031, CAD (100)
6.90%
Province of Quebec, 1.5% 1sep2031, CAD (B128)
5.47%
Canada, Bonds 2.25% 1dec2029, CAD
5.20%
Province of Ontario, 2.65% 2dec2050, CAD (DMTN242)
5.12%
Province of Ontario, 2.05% 2jun2030, CAD (DMTN243)
5.10%
Sun Life Financial, 2.06% 1oct2035, CAD (2020-2)
5.00%
Toronto-Dominion Bank, 1.896% 11sep2028, CAD
3.90%
Canada, Bonds 2% 1jun2032, CAD
3.11%
Pembina Pipeline Corporation, 3.31% 1feb2030, CAD (15)
2.63%
Diversification
RGQU
Total weight of top 10 holdings out of 17 total
87.88%
ZDB
Total weight of top 10 holdings out of 48 total
60.88%
Characteristics
Compare
RGQU
ZDB
| Provider | RBC Global Asset Management | BMO |
| Management | Actively managed | Passively managed |
| Benchmark | - | FTSE Canada Universe Discount Bond Index - CAD |
| Replication Method | Direct (Physical) | |
| Asset Class | Fixed Income | Fixed Income |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | - | 1.88% |
| Meets ESG criteria | No | No |
| Inception Date | March 25, 2026 | February 10, 2014 |
Frequently asked questions about RGQU and ZDB
Which ETF is larger by assets under management: RGQU or ZDB?
As of September 1, 2026, RGQU manages $1.99 M in assets, while ZDB manages $1.36 B. ZDB is the larger fund by AUM.
How are RGQU and ZDB managed?
RGQU is actively managed by RBC Global Asset Management. It does not track an index. ZDB is passively managed by BMO. It tracks the FTSE Canada Universe Discount Bond Index - CAD benchmark.
What sectors do RGQU and ZDB emphasize?
RGQU is most exposed to Sovereign, Municipal, and Government Agencies. ZDB is most exposed to Sovereign, Municipal, and Finance.
How do the fees of RGQU and ZDB compare?
RGQU has an expense ratio of 0.15%, while ZDB has an expense ratio of 0.10%.
What are the top holdings of RGQU and ZDB?
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). ZDB's top holdings include Canada, Bond 0.5 1oct2030 10Y, CMHC, 1.9% 15mar2031, CAD (100), and Province of Quebec, 1.5% 1sep2031, CAD (B128).
Which ETF is more diversified: RGQU or ZDB?
RGQU holds 17 securities, while ZDB holds 48. On holdings count, ZDB is the more diversified portfolio.
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