VS
RBC Target 2029 Canadian Corporate Bond Index ETF (RQR) and NBI Sustainable Canadian Bond ETF (NSCB) 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 NSCB leans towards Finance, Sovereign, and Utilities. When evaluating costs, RQR features a management fee (MER) of 0.2%, compared to 0.63% for NSCB. Performance-wise, RQR has returned 1.14% year-to-date with +$140 M in net flows, whereas NSCB is at 2.35% with +$39 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
RQR
NSCB
| AuM | $613.04 M | $2,812.23 M |
| Management Fees | 0.20% | 0.63% |
| Exp. ratio | 0.22% | 0.61% |
| Tracking Difference | - | - |
Historical performance and flows
As of October 16, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | RQR | +0.59% | -0.09% | +1.14% | +1.05% | +21.37% |
NSCB | +0.71% | -1.86% | -2.35% | -4.32% | +5.41% | |
| Flows | RQR | +$59 M | +$81 M | +$140 M | +$167 M | +$585 M |
NSCB | +$1 M | +$42 M | +$39 M | +$52 M | +$914 M |
RQR vs NSCB exposure
Countries
RQR
Canada
99.97%
NSCB
Canada
94.79%
Sectors
RQR
Finance
62.38%
Energy
10.63%
Utilities
7.34%
Other
19.65%
NSCB
Finance
28.83%
Sovereign
19.54%
Utilities
19.38%
Municipal
16.63%
Industrials
7.35%
Other
8.27%
As of October 16, 2026
Top 10 Holdings
RQR
Bank of Montreal, 4.42% 17jul2029, CAD
5.94%
CIBC, 3.8% 10dec2030, CAD
5.09%
National Bank of Canada, 5.023% 1feb2029, CAD
4.51%
RBC Capital Markets, 4% 17oct2030, CAD
4.39%
Bank of Nova Scotia, 4.68% 1feb2029, CAD
4.09%
Toronto-Dominion Bank, 4.002% 31oct2030, CAD
4.04%
Federation des caisses Desjardins du Quebec, 3.804% 24sep2029, CAD
3.65%
Toronto-Dominion Bank, 4.68% 8jan2029, CAD
3.39%
Bank of Nova Scotia, 3.836% 26sep2030, CAD
3.33%
Manulife Financial Corporation, 5.054% 23feb2034, CAD
3.30%
NSCB
Canada, Bonds 3.5% 1mar2034, CAD
9.82%
Canada, Bonds 3.25% 1mar2036, CAD
4.47%
Hydro-Quebec, 5% 15feb2050, CAD (JN)
3.20%
Canada, Bonds 3.5% 1dec2056, CAD (D)
2.72%
Province of Ontario, 4.1% 7oct2054, CAD (DMTN267)
2.62%
Canada, Bonds 3% 1mar2032, CAD (C)
2.53%
PSP Capital, 4.4% 2dec2030, CAD (G-13)
2.49%
PSP Capital, 2.6% 1mar2032, CAD (G-4)
2.40%
Hydro-Quebec, 4% 15feb2055, CAD (JQ)
2.29%
Province of Ontario, FRN 19nov2030, CAD (DMTN274)
2.19%
Diversification
RQR
Total weight of top 10 holdings out of 51 total
41.73%
NSCB
Total weight of top 10 holdings out of 158 total
34.72%
Characteristics
Compare
RQR
NSCB
| Provider | RBC Global Asset Management | National Bank Investments |
| 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 | 4.14% | 0.00% |
| Meets ESG criteria | No | Yes |
| Inception Date | October 20, 2022 | January 23, 2020 |
Frequently asked questions about RQR and NSCB
Which ETF has performed better year to date: RQR or NSCB?
As of October 16, 2026, RQR has returned 1.14% year to date, while NSCB has returned -2.35%. RQR is ahead on YTD performance.
Which ETF is larger by assets under management: RQR or NSCB?
As of October 16, 2026, RQR manages $613.04 M in assets, while NSCB manages $2.81 B. NSCB is the larger fund by AUM.
How are RQR and NSCB managed?
RQR is passively managed by RBC Global Asset Management. It tracks the FTSE Canada 2029 Maturity Corporate Bond Index - CAD benchmark. NSCB is actively managed by National Bank Investments. It does not track an index.
What sectors do RQR and NSCB emphasize?
RQR is most exposed to Finance, Energy, and Utilities. NSCB is most exposed to Finance, Sovereign, and Utilities.
Which ETF is attracting more investor flows: RQR or NSCB?
Year to date, RQR has seen +$140.44 M in net flows, compared with +$38.61 M for NSCB. RQR has attracted more net investor money so far.
How do the fees of RQR and NSCB compare?
RQR has an expense ratio of 0.22%, while NSCB has an expense ratio of 0.61%.
What are the top holdings of RQR and NSCB?
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. NSCB's top holdings include Canada, Bonds 3.5% 1mar2034, CAD, Canada, Bonds 3.25% 1mar2036, CAD, and Hydro-Quebec, 5% 15feb2050, CAD (JN).
Which ETF is more diversified: RQR or NSCB?
RQR holds 51 securities, while NSCB holds 152. On holdings count, NSCB is the more diversified portfolio.
Recent articles about RQR and NSCB
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