VS
RBC Target 2029 Canadian Corporate Bond Index ETF (RQR) and iShares Canadian Government Bond Index ETF (XGB) 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 XGB leans towards Sovereign, Municipal, and Government Agencies. When evaluating costs, RQR features a management fee (MER) of 0.2%, compared to 0.12% for XGB. Performance-wise, RQR has returned 1.14% year-to-date with +$140 M in net flows, whereas XGB is at 0.08% with -$212 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
XGB
| AuM | $613.04 M | $1,606.98 M |
| Management Fees | 0.20% | 0.12% |
| Exp. ratio | 0.22% | 0.13% |
| 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% |
XGB | +1.07% | -1.09% | +0.08% | -1.09% | +13.82% | |
| Flows | RQR | +$59 M | +$81 M | +$140 M | +$167 M | +$585 M |
XGB | -$65 M | -$34 M | -$212 M | -$117 M | +$680 M |
RQR vs XGB exposure
Countries
RQR
Canada
99.97%
XGB
Canada
99.18%
Sectors
RQR
Finance
62.38%
Energy
10.63%
Utilities
7.34%
Other
19.65%
XGB
Sovereign
44.40%
Municipal
38.41%
Government Agencies
9.61%
Other
7.58%
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%
XGB
Canada, Bonds 2.75% 1sep2030, CAD
2.01%
Canada, Bonds 3.25% 1jun2036, CAD
2.00%
Canada, Bonds 2.75% 1mar2031, CAD
1.99%
Canada, Bonds 3.25% 1dec2035, CAD
1.98%
Canada, Bonds 3.25% 1jun2035, CAD
1.81%
Canada, Bonds 3% 1jun2034, CAD
1.57%
Canada, Bonds 3% 1sep2031, CAD
1.55%
Canada, Bonds 2.75% 1mar2030, CAD
1.55%
Canada, Bonds 3.5% 1sep2029, CAD
1.51%
Canada, Bonds 3.5% 1dec2057, CAD
1.50%
Diversification
RQR
Total weight of top 10 holdings out of 51 total
41.73%
XGB
Total weight of top 10 holdings out of 550 total
17.48%
Characteristics
Compare
RQR
XGB
| Provider | RBC Global Asset Management | iShares |
| Management | Passively managed | Passively managed |
| Benchmark | FTSE Canada 2029 Maturity Corporate Bond Index - CAD | FTSE Canada All Government Bond TR Index - CAD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Fixed Income | Fixed Income |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 4.14% | 3.20% |
| Meets ESG criteria | No | No |
| Inception Date | October 20, 2022 | November 6, 2006 |
Frequently asked questions about RQR and XGB
Which ETF has performed better year to date: RQR or XGB?
As of October 16, 2026, RQR has returned 1.14% year to date, while XGB has returned 0.08%. RQR is ahead on YTD performance.
Which ETF is larger by assets under management: RQR or XGB?
As of October 16, 2026, RQR manages $613.04 M in assets, while XGB manages $1.61 B. XGB is the larger fund by AUM.
How are RQR and XGB managed?
RQR is passively managed by RBC Global Asset Management. It tracks the FTSE Canada 2029 Maturity Corporate Bond Index - CAD benchmark. XGB is passively managed by iShares. It tracks the FTSE Canada All Government Bond TR Index - CAD benchmark.
What sectors do RQR and XGB emphasize?
RQR is most exposed to Finance, Energy, and Utilities. XGB is most exposed to Sovereign, Municipal, and Government Agencies.
Which ETF is attracting more investor flows: RQR or XGB?
Year to date, RQR has seen +$140.44 M in net flows, compared with -$212.49 M for XGB. RQR has attracted more net investor money so far.
How do the fees of RQR and XGB compare?
RQR has an expense ratio of 0.22%, while XGB has an expense ratio of 0.13%.
What are the top holdings of RQR and XGB?
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. XGB's top holdings include Canada, Bonds 2.75% 1sep2030, CAD, Canada, Bonds 3.25% 1jun2036, CAD, and Canada, Bonds 2.75% 1mar2031, CAD.
Which ETF is more diversified: RQR or XGB?
RQR holds 51 securities, while XGB holds 549. On holdings count, XGB is the more diversified portfolio.
Recent articles about RQR and XGB
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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.