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RBC Target 2029 Canadian Corporate Bond Index ETF (RQR) and Global X 0-3 Month T-Bill ETF (CBIL) offer distinct profiles for Canadian ETF investors. A direct comparison shows that RQR focuses its top 3 sector exposures on Finance, Energy, and Utilities, while CBIL leans towards Sovereign. When evaluating costs, RQR features a management fee (MER) of 0.2%, compared to 0.1% for CBIL. Performance-wise, RQR has returned 1.02% year-to-date with +$70 M in net flows, whereas CBIL is at 1.46% with +$1 B. 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
RQR
CBIL
| AuM | $543.77 M | $2,750.21 M |
| Management Fees | 0.20% | 0.10% |
| Exp. ratio | 0.22% | 0.11% |
| Tracking Difference | - | - |
Historical performance and flows
As of September 3, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | RQR | -0.36% | -0.00% | +1.02% | +2.41% | +19.46% |
CBIL | +0.18% | +0.55% | +1.46% | +2.24% | +7.35% | |
| Flows | RQR | +$9 M | +$39 M | +$70 M | +$121 M | +$523 M |
CBIL | +$244 M | +$506 M | +$1,160 M | +$1,143 M | +$2,284 M |
RQR vs CBIL exposure
Countries
RQR
Canada
99.99%
CBIL
Canada
99.99%
Sectors
RQR
Finance
62.36%
Energy
10.65%
Utilities
7.35%
Other
19.65%
CBIL
Sovereign
99.99%
As of September 3, 2026
Top 10 Holdings
RQR
Bank of Montreal, 4.42% 17jul2029, CAD
5.96%
CIBC, 3.8% 10dec2030, CAD
5.10%
National Bank of Canada, 5.023% 1feb2029, CAD
4.53%
RBC Capital Markets, 4% 17oct2030, CAD
4.41%
Toronto-Dominion Bank, 4.002% 31oct2030, CAD
4.05%
Bank of Nova Scotia, 4.68% 1feb2029, CAD
3.92%
Federation des caisses Desjardins du Quebec, 3.804% 24sep2029, CAD
3.66%
Toronto-Dominion Bank, 4.68% 8jan2029, CAD
3.40%
Bank of Nova Scotia, 3.836% 26sep2030, CAD
3.34%
Manulife Financial Corporation, 5.054% 23feb2034, CAD
3.31%
CBIL
Canada, Bills 0% 9nov2023, CAD (364D)
99.99%
Diversification
RQR
Total weight of top 10 holdings out of 51 total
41.67%
CBIL
Total weight of top 10 holdings out of 1 total
99.99%
Characteristics
Compare
RQR
CBIL
| Provider | RBC Global Asset Management | Global X |
| Management | Passively managed | Actively managed |
| Benchmark | FTSE Canada 2029 Maturity Corporate Bond Index - CAD | - |
| Replication Method | Direct (Physical) | |
| Asset Class | Fixed Income | Fixed Income |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 4.13% | 2.23% |
| Meets ESG criteria | No | No |
| Inception Date | October 20, 2022 | April 12, 2023 |
Frequently asked questions about RQR and CBIL
Which ETF has performed better year to date: RQR or CBIL?
As of September 3, 2026, RQR has returned 1.02% year to date, while CBIL has returned 1.46%. CBIL is ahead on YTD performance.
Which ETF is larger by assets under management: RQR or CBIL?
As of September 3, 2026, RQR manages $543.77 M in assets, while CBIL manages $2.75 B. CBIL is the larger fund by AUM.
How are RQR and CBIL managed?
RQR is passively managed by RBC Global Asset Management. It tracks the FTSE Canada 2029 Maturity Corporate Bond Index - CAD benchmark. CBIL is actively managed by Global X. It does not track an index.
What sectors do RQR and CBIL emphasize?
RQR is most exposed to Finance, Energy, and Utilities. CBIL is most exposed to Sovereign.
Which ETF is attracting more investor flows: RQR or CBIL?
Year to date, RQR has seen +$70.20 M in net flows, compared with +$1,160.07 M for CBIL. CBIL has attracted more net investor money so far.
How do the fees of RQR and CBIL compare?
RQR has an expense ratio of 0.22%, while CBIL has an expense ratio of 0.11%.
What are the top holdings of RQR and CBIL?
RQR's largest holdings include Bank of Montreal, 4.42% 17jul2029, CAD, CIBC, 3.8% 10dec2030, CAD, and National Bank of Canada, 5.023% 1feb2029, CAD. CBIL's top holdings include Canada, Bills 0% 9nov2023, CAD (364D).
Which ETF is more diversified: RQR or CBIL?
RQR holds 51 securities, while CBIL holds 1. On holdings count, RQR is the more diversified portfolio.
Recent articles about RQR and CBIL
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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.