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RBC Target 2029 Canadian Corporate Bond Index ETF (RQR) and RBC Canadian Discount Bond ETF (RCDB) 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 RCDB leans towards Finance, Municipal, and Sovereign. When evaluating costs, RQR features a management fee (MER) of 0.2%, compared to 0.15% for RCDB. Performance-wise, RQR has returned 1.14% year-to-date with +$140 M in net flows, whereas RCDB is at 1.23% with +$139 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
RCDB
| AuM | $613.04 M | $1,400.14 M |
| Management Fees | 0.20% | 0.15% |
| Exp. ratio | 0.22% | 0.17% |
| 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% |
RCDB | +0.64% | -0.04% | +1.23% | +1.16% | +15.49% | |
| Flows | RQR | +$59 M | +$81 M | +$140 M | +$167 M | +$585 M |
RCDB | -$33 M | -$9 M | +$139 M | +$160 M | +$348 M |
RQR vs RCDB exposure
Countries
RQR
Canada
99.97%
RCDB
Canada
99.08%
Sectors
RQR
Finance
62.38%
Energy
10.63%
Utilities
7.34%
Other
19.65%
RCDB
Finance
32.14%
Municipal
16.92%
Sovereign
16.13%
Utilities
7.90%
Government Agencies
7.17%
Other
19.73%
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%
RCDB
Canada, Bond 2 1jun2028 10Y
4.51%
Canada, Bond 0.5 1oct2030 10Y
3.70%
CMHC, 2.35% 15mar2028, CAD (80)
3.42%
Province of Ontario, 1.55% 1nov2029, CAD (DMTN251)
3.40%
Bell Canada, 1.65% 16aug2027, CAD (M-53)
2.24%
Province of Quebec, 1.9% 1sep2030, CAD (B127)
2.05%
CMHC, 1.75% 15jun2030, CAD (92)
2.02%
Royal Bank of Canada, 3.572% 9dec2031, CAD
1.92%
Hydro-Quebec, 2% 1sep2028, CAD (0082)
1.88%
Canada, Bonds 1.5% 1dec2031 10Y
1.78%
Diversification
RQR
Total weight of top 10 holdings out of 51 total
41.73%
RCDB
Total weight of top 10 holdings out of 111 total
26.91%
Characteristics
Compare
RQR
RCDB
| Provider | RBC Global Asset Management | RBC Global Asset Management |
| 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% | 2.26% |
| Meets ESG criteria | No | No |
| Inception Date | October 20, 2022 | June 12, 2019 |
Frequently asked questions about RQR and RCDB
Which ETF has performed better year to date: RQR or RCDB?
As of October 16, 2026, RQR has returned 1.14% year to date, while RCDB has returned 1.23%. RCDB is ahead on YTD performance.
Which ETF is larger by assets under management: RQR or RCDB?
As of October 16, 2026, RQR manages $613.04 M in assets, while RCDB manages $1.40 B. RCDB is the larger fund by AUM.
How are RQR and RCDB managed?
RQR is passively managed by RBC Global Asset Management. It tracks the FTSE Canada 2029 Maturity Corporate Bond Index - CAD benchmark. RCDB is actively managed by RBC Global Asset Management. It does not track an index.
What sectors do RQR and RCDB emphasize?
RQR is most exposed to Finance, Energy, and Utilities. RCDB is most exposed to Finance, Municipal, and Sovereign.
Which ETF is attracting more investor flows: RQR or RCDB?
Year to date, RQR has seen +$140.44 M in net flows, compared with +$139.16 M for RCDB. RQR has attracted more net investor money so far.
How do the fees of RQR and RCDB compare?
RQR has an expense ratio of 0.22%, while RCDB has an expense ratio of 0.17%.
What are the top holdings of RQR and RCDB?
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. RCDB's top holdings include Canada, Bond 2 1jun2028 10Y, Canada, Bond 0.5 1oct2030 10Y, and CMHC, 2.35% 15mar2028, CAD (80).
Which ETF is more diversified: RQR or RCDB?
RQR holds 51 securities, while RCDB holds 111. On holdings count, RCDB is the more diversified portfolio.
Recent articles about RQR and RCDB
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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.