VS
RBC Target 2031 Canadian Corporate Bond ETF (RQT) and CIBC 2028 Investment Grade Bond Fund (CTBD) offer distinct profiles for Canadian ETF investors. A direct comparison shows that RQT focuses its top 3 sector exposures on Finance, Energy, and Utilities, while CTBD leans towards Finance, Utilities, and Telecommunications. When evaluating costs, RQT features a management fee (MER) of 0.2%, compared to 0.15% for CTBD. Performance-wise, RQT has returned 0.16% year-to-date with +$193 M in net flows, whereas CTBD is at 1.01% with +$69 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
RQT
CTBD
| AuM | $400.89 M | $131.66 M |
| Management Fees | 0.20% | 0.15% |
| Exp. ratio | 0.23% | 0.23% |
| Tracking Difference | - | - |
Historical performance and flows
As of September 11, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | RQT | -0.90% | -1.50% | +0.16% | +0.52% | - |
CTBD | -0.26% | -0.09% | +1.01% | +1.71% | - | |
| Flows | RQT | +$10 M | +$47 M | +$193 M | +$364 M | - |
CTBD | +$6 M | +$25 M | +$69 M | +$89 M | - |
RQT vs CTBD exposure
Countries
RQT
Canada
83.98%
USA
12.98%
CTBD
Canada
89.34%
USA
9.84%
Sectors
RQT
Finance
59.26%
Energy
16.29%
Other
24.46%
CTBD
Finance
53.23%
Utilities
11.56%
Other
35.21%
As of September 11, 2026
Top 10 Holdings
RQT
Bank of Nova Scotia, 3.61% 30jan2032, CAD
8.30%
CIBC, 3.65% 13jan2032, CAD
8.22%
Bank of Montreal, 3.539% 3mar2032, CAD
7.28%
Federation des caisses Desjardins du Quebec, 3.714% 16jul2031, CAD
6.50%
Toronto-Dominion Bank, 3.687% 9jan2032, CAD
6.22%
Goldman Sachs, 3.641% 5mar2032, CAD
6.03%
Alphabet, 3.65% 15may2031, CAD
5.27%
North West Redwater Partnership, 2.8% 1jun2031, CAD (N)
4.39%
Enbridge, 3.57% 26feb2031, CAD
3.74%
Toronto-Dominion Bank, 3.857% 7apr2032, CAD
3.27%
CTBD
Honda Canada Finance, 1.646% 25feb2028, CAD
5.90%
Athene Global Funding, 2.47% 9jun2028, CAD (2021-14)
5.06%
Granite REIT Holdings, 2.194% 30aug2028, CAD
4.97%
Bruce Power, 2.68% 21dec2028, CAD (2021-1)
4.95%
WSP Global, 2.408% 19apr2028, CAD
4.95%
Allied Properties REIT, 3.131% 15may2028, CAD (G)
4.94%
Summit Industrial Income REIT, 2.44% 14jul2028, CAD (D)
4.90%
AltaGas, 2.075% 30may2028, CAD (22)
4.84%
Royal Bank of Canada, 1.67% 28jan2033, CAD (23)
4.82%
RioCan REIT, 2.829% 8nov2028, CAD (AE)
4.81%
Diversification
RQT
Total weight of top 10 holdings out of 41 total
59.21%
CTBD
Total weight of top 10 holdings out of 30 total
50.14%
Characteristics
Compare
RQT
CTBD
| Provider | RBC Global Asset Management | CIBC |
| Management | Actively managed | Actively managed |
| Benchmark | - | - |
| Replication Method | ||
| Asset Class | Fixed Income | Fixed Income |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 3.43% | 1.92% |
| Meets ESG criteria | No | No |
| Inception Date | April 1, 2025 | July 16, 2024 |
Frequently asked questions about RQT and CTBD
Which ETF has performed better year to date: RQT or CTBD?
As of September 11, 2026, RQT has returned 0.16% year to date, while CTBD has returned 1.01%. CTBD is ahead on YTD performance.
Which ETF is larger by assets under management: RQT or CTBD?
As of September 11, 2026, RQT manages $400.89 M in assets, while CTBD manages $131.66 M. RQT is the larger fund by AUM.
How are RQT and CTBD managed?
RQT is actively managed by RBC Global Asset Management. It does not track an index. CTBD is actively managed by CIBC. It does not track an index.
What sectors do RQT and CTBD emphasize?
RQT is most exposed to Finance, Energy, and Utilities. CTBD is most exposed to Finance, Utilities, and Telecommunications.
Which ETF is attracting more investor flows: RQT or CTBD?
Year to date, RQT has seen +$193.45 M in net flows, compared with +$69.29 M for CTBD. RQT has attracted more net investor money so far.
How do the fees of RQT and CTBD compare?
RQT has an expense ratio of 0.23%, while CTBD has an expense ratio of 0.23%.
What are the top holdings of RQT and CTBD?
RQT's largest holdings include Bank of Nova Scotia, 3.61% 30jan2032, CAD, CIBC, 3.65% 13jan2032, CAD, and Bank of Montreal, 3.539% 3mar2032, CAD. CTBD's top holdings include Honda Canada Finance, 1.646% 25feb2028, CAD, Athene Global Funding, 2.47% 9jun2028, CAD (2021-14), and Granite REIT Holdings, 2.194% 30aug2028, CAD.
Which ETF is more diversified: RQT or CTBD?
RQT holds 41 securities, while CTBD holds 30. On holdings count, RQT is the more diversified portfolio.
Recent articles about RQT and CTBD
The ETF Market Canada is brought to you by Cboe in partnership with Trackinsight SA who is providing all the data, analysis and editorial content on this site. Unless explicitly stated as such, any information that you receive is not real-time.
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.
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.