VS
RBC Target 2030 Canadian Corporate Bond Index ETF (RQS) and BMO Equal Weight Banks Index ETF (ZEB) offer distinct profiles for Canadian ETF investors. A direct comparison shows that RQS focuses its top 3 sector exposures on Insurance and reinsurance, Power, and Pipelines, while ZEB leans towards Finance. When evaluating costs, RQS features a management fee (MER) of 0.2%, compared to 0.25% for ZEB. Performance-wise, RQS has returned 1.25% year-to-date with +$110 M in net flows, whereas ZEB is at 32.65% with +$209 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
RQS
ZEB
| AuM | $418.71 M | $7,263.42 M |
| Management Fees | 0.20% | 0.25% |
| Exp. ratio | 0.22% | 0.28% |
| Tracking Difference | - | -0.65% |
Historical performance and flows
As of July 20, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | RQS | -0.03% | +0.47% | +1.25% | +3.88% | - |
ZEB | +1.98% | +16.51% | +32.65% | +67.24% | +148.29% | |
| Flows | RQS | +$17 M | +$52 M | +$110 M | +$189 M | - |
ZEB | +$972 M | +$1,234 M | +$209 M | +$894 M | -$431 M |
RQS vs ZEB exposure
Countries
RQS
Other
61.34%
Canada
38.65%
ZEB
Canada
100.00%
Sectors
RQS
Other
61.34%
Insurance and reinsurance
8.41%
Other
30.25%
ZEB
Finance
100.00%
As of July 20, 2026
Top 10 Holdings
RQS
CA779926QX54
6.72%
CA89116C3S44
5.03%
CA06368MRF37
4.99%
CA06418YXB96
4.76%
CA89116CQ341
4.57%
CA13607P5X87
4.24%
CA04686PAE75
4.15%
CA63306AJH01
3.31%
Manulife Financial Corporation, 2.818% 13may2035, CAD
3.21%
TransCanada PipeLines, 5.277% 15jul2030, CAD
3.13%
ZEB
The Toronto-Dominion Bank
17.42%
Royal Bank of Canada
17.32%
Bank of Montreal
17.15%
The Bank of Nova Scotia
16.61%
Canadian Imperial Bank of Commerce
15.79%
National Bank of Canada
15.70%
Diversification
RQS
Total weight of top 10 holdings out of 42 total
44.12%
ZEB
Total weight of top 10 holdings out of 6 total
100.00%
Characteristics
Compare
RQS
ZEB
| Provider | RBC Global Asset Management | BMO |
| Management | Passively managed | Passively managed |
| Benchmark | FTSE Canada 2030 Maturity Corporate Bond Index - CAD | Solactive Equal Weight Canada Banks GTR Index - CAD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Fixed Income | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 3.71% | 2.29% |
| Meets ESG criteria | No | No |
| Inception Date | April 24, 2024 | October 20, 2009 |
Frequently asked questions about RQS and ZEB
Which ETF has performed better year to date: RQS or ZEB?
As of July 20, 2026, RQS has returned 1.25% year to date, while ZEB has returned 32.65%. ZEB is ahead on YTD performance.
Which ETF is larger by assets under management: RQS or ZEB?
As of July 20, 2026, RQS manages $418.71 M in assets, while ZEB manages $7.26 B. ZEB is the larger fund by AUM.
How are RQS and ZEB managed?
RQS is passively managed by RBC Global Asset Management. It tracks the FTSE Canada 2030 Maturity Corporate Bond Index - CAD benchmark. ZEB is passively managed by BMO. It tracks the Solactive Equal Weight Canada Banks GTR Index - CAD benchmark.
What sectors do RQS and ZEB emphasize?
RQS is most exposed to Insurance and reinsurance, Power, and Pipelines. ZEB is most exposed to Finance.
Which ETF is attracting more investor flows: RQS or ZEB?
Year to date, RQS has seen +$110.50 M in net flows, compared with +$209.29 M for ZEB. ZEB has attracted more net investor money so far.
How do the fees of RQS and ZEB compare?
RQS has an expense ratio of 0.22%, while ZEB has an expense ratio of 0.28%.
What are the top holdings of RQS and ZEB?
RQS's largest holdings include Manulife Financial Corporation, 2.818% 13may2035, CAD and TransCanada PipeLines, 5.277% 15jul2030, CAD. ZEB's top holdings include The Toronto-Dominion Bank, Royal Bank of Canada, and Bank of Montreal.
Which ETF is more diversified: RQS or ZEB?
RQS holds 21 securities, while ZEB holds 6. On holdings count, RQS is the more diversified portfolio.
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