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Compare RBC Target 2032 Canadian Government Bond ETF (RGQU) vs BMO Government Bond Index ETF (ZGB) to find the best fit for your portfolio. RGQU and ZGB provide the same top sector exposures: Sovereign, Municipal, and Government Agencies. When evaluating costs, RGQU features a management fee (MER) of 0.15%, compared to 0.15% for ZGB. 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
ZGB
| AuM | $1.99 M | $1,248.22 M |
| Management Fees | 0.15% | 0.15% |
| Exp. ratio | 0.15% | 0.17% |
| Tracking Difference | - | - |
Historical performance and flows
As of September 1, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | RGQU | -0.69% | -0.53% | - | - | - |
ZGB | -0.97% | -1.33% | +0.19% | +1.95% | +10.83% | |
| Flows | RGQU | +$0 M | +$0 M | - | - | - |
ZGB | -$6 M | -$5 M | -$198 M | -$198 M | +$185 M |
RGQU vs ZGB exposure
Countries
RGQU
Canada
99.92%
ZGB
Canada
100.00%
Sectors
RGQU
Sovereign
43.37%
Municipal
35.56%
Government Agencies
11.10%
Finance
7.39%
ZGB
Sovereign
45.02%
Municipal
41.74%
Government Agencies
13.24%
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%
ZGB
Canada, Bond 1.25 1jun2030 10Y
12.45%
Canada, Bonds 2% 1jun2032, CAD
6.22%
Canada, Bonds 1.5% 1dec2031 10Y
6.11%
Canada Housing Trust, 4.25% 15mar2034, CAD (118)
3.48%
Canada, Bonds 3.5% 1mar2028, CAD
3.37%
Canada, Bonds 2.5% 1dec2032, CAD
3.18%
CMHC, 1.75% 15jun2030, CAD (92)
3.16%
Province of Ontario, 2.15% 2jun2031, CAD (DMTN249)
3.16%
Canada, Bonds 2.75% 1dec2055, CAD
2.62%
Province of Ontario, 2.65% 2dec2050, CAD (DMTN242)
2.33%
Diversification
RGQU
Total weight of top 10 holdings out of 17 total
87.88%
ZGB
Total weight of top 10 holdings out of 48 total
46.09%
Characteristics
Compare
RGQU
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 | - | 3.14% |
| Meets ESG criteria | No | No |
| Inception Date | March 25, 2026 | March 7, 2018 |
Frequently asked questions about RGQU and ZGB
Which ETF is larger by assets under management: RGQU or ZGB?
As of September 1, 2026, RGQU manages $1.99 M in assets, while ZGB manages $1.25 B. ZGB is the larger fund by AUM.
How are RGQU and ZGB managed?
RGQU 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 RGQU and ZGB emphasize?
RGQU is most exposed to Sovereign, Municipal, and Government Agencies. ZGB is most exposed to Sovereign, Municipal, and Government Agencies.
How do the fees of RGQU and ZGB compare?
RGQU has an expense ratio of 0.15%, while ZGB has an expense ratio of 0.17%.
What are the top holdings of RGQU and ZGB?
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). 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: RGQU or ZGB?
RGQU holds 17 securities, while ZGB holds 48. On holdings count, ZGB is the more diversified portfolio.
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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.