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Compare RBC Target 2028 Canadian Corporate Bond Index ETF (RQQ) vs RBC Target 2027 Canadian Corporate Bond Index ETF (RQP) to find the best fit for your portfolio. RQQ and RQP provide the same top sector exposures: Finance, Utilities, and Energy. When evaluating costs, RQQ features a management fee (MER) of 0.2%, compared to 0.2% for RQP. Performance-wise, RQQ has returned 1.07% year-to-date with +$144 M in net flows, whereas RQP is at 1.59% with +$50 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
RQQ
RQP
| AuM | $785.62 M | $865.53 M |
| Management Fees | 0.20% | 0.20% |
| Exp. ratio | 0.22% | 0.22% |
| Tracking Difference | - | - |
Historical performance and flows
As of September 11, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | RQQ | -0.23% | -0.05% | +1.07% | +1.86% | +19.36% |
RQP | +0.08% | +0.45% | +1.59% | +2.50% | +18.47% | |
| Flows | RQQ | +$32 M | +$120 M | +$144 M | +$191 M | +$646 M |
RQP | +$25 M | +$44 M | +$50 M | +$40 M | +$589 M |
RQQ vs RQP exposure
Countries
RQQ
Canada
99.99%
RQP
Canada
99.97%
Sectors
RQQ
Finance
68.44%
Utilities
8.54%
Energy
7.08%
Other
15.94%
RQP
Finance
72.05%
Other
27.95%
As of September 11, 2026
Top 10 Holdings
RQQ
National Bank of Canada, 5.219% 14jun2028, CAD
6.11%
Bank of Montreal, 5.039% 29may2028, CAD
4.92%
Bank of Nova Scotia, 3.1% 2feb2028, CAD
4.85%
Federation des caisses Desjardins du Quebec, 5.467% 17nov2028, CAD
4.77%
CIBC, 5.5% 14jan2028, CAD
4.72%
Manulife Financial Corporation, 5.409% 10mar2033, CAD
4.53%
Rogers Communications, 5.7% 21sep2028, CAD
3.82%
Sun Life Financial, 2.8% 21nov2033, CAD (2021-2)
3.60%
Royal Bank of Canada, 4.642% 17jan2028, CAD
3.49%
National Bank of Canada, 3.522% 17jul2029, CAD
3.38%
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
RQQ
Total weight of top 10 holdings out of 40 total
44.19%
RQP
Total weight of top 10 holdings out of 40 total
40.37%
Characteristics
Compare
RQQ
RQP
| Provider | RBC Global Asset Management | RBC Global Asset Management |
| Management | Passively managed | Passively managed |
| Benchmark | FTSE Canada 2028 Maturity Corporate Bond Index - CAD | FTSE Canada 2027 Maturity Corporate Bond Index - CAD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Fixed Income | Fixed Income |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 4.14% | 3.77% |
| Meets ESG criteria | No | No |
| Inception Date | October 20, 2022 | September 17, 2020 |
Frequently asked questions about RQQ and RQP
Which ETF has performed better year to date: RQQ or RQP?
As of September 11, 2026, RQQ has returned 1.07% year to date, while RQP has returned 1.59%. RQP is ahead on YTD performance.
Which ETF is larger by assets under management: RQQ or RQP?
As of September 11, 2026, RQQ manages $785.62 M in assets, while RQP manages $865.53 M. RQP is the larger fund by AUM.
How are RQQ and RQP managed?
RQQ is passively managed by RBC Global Asset Management. It tracks the FTSE Canada 2028 Maturity Corporate Bond Index - CAD benchmark. RQP is passively managed by RBC Global Asset Management. It tracks the FTSE Canada 2027 Maturity Corporate Bond Index - CAD benchmark.
What sectors do RQQ and RQP emphasize?
RQQ is most exposed to Finance, Utilities, and Energy. RQP is most exposed to Finance, Utilities, and Energy.
Which ETF is attracting more investor flows: RQQ or RQP?
Year to date, RQQ has seen +$144.34 M in net flows, compared with +$50.24 M for RQP. RQQ has attracted more net investor money so far.
How do the fees of RQQ and RQP compare?
RQQ has an expense ratio of 0.22%, while RQP has an expense ratio of 0.22%.
What are the top holdings of RQQ and RQP?
RQQ's largest holdings include National Bank of Canada, 5.219% 14jun2028, CAD, Bank of Montreal, 5.039% 29may2028, CAD, and Bank of Nova Scotia, 3.1% 2feb2028, CAD. 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: RQQ or RQP?
RQQ holds 40 securities, while RQP holds 40. On holdings count, RQQ is the more diversified portfolio.
Recent articles about RQQ 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.