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Compare RBC Target 2031 Canadian Corporate Bond ETF (RQT) vs TD Select Short Term Corporate Bond Ladder ETF (TCSB) to find the best fit for your portfolio. RQT provides Finance, Energy, and Utilities exposures, while TCSB is primarily weighted in Finance, Energy, and Telecommunications. When evaluating costs, RQT features a management fee (MER) of 0.2%, compared to 0.27% for TCSB. Performance-wise, RQT has returned 0.16% year-to-date with +$193 M in net flows, whereas TCSB is at 0.71% with +$416 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
TCSB
| AuM | $400.89 M | $917.93 M |
| Management Fees | 0.20% | 0.27% |
| Exp. ratio | 0.23% | 0.28% |
| 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% | - |
TCSB | -0.44% | -0.44% | +0.71% | +1.28% | +17.11% | |
| Flows | RQT | +$10 M | +$47 M | +$193 M | +$364 M | - |
TCSB | +$26 M | +$106 M | +$416 M | +$600 M | +$877 M |
RQT vs TCSB exposure
Countries
RQT
Canada
83.98%
USA
12.98%
TCSB
Canada
88.55%
USA
10.80%
Sectors
RQT
Finance
59.26%
Energy
16.29%
Other
24.46%
TCSB
Finance
53.43%
Energy
14.37%
Telecommunications
11.20%
Utilities
9.37%
Other
11.63%
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%
TCSB
Federation des caisses Desjardins du Quebec, FRN 15may2034, CAD
2.77%
RioCan REIT, 5.455% 1mar2031, CAD (AK)
2.58%
Royal Bank of Canada, 2.94% 3may2032, CAD (25)
2.50%
Brookfield Infrastructure Partners, 3.7% 6jan2031, CAD (15)
2.40%
Primaris REIT, 4.468% 1mar2031, CAD
2.38%
National Bank of Canada, 5.279% 15feb2034, CAD
2.25%
Bank of Nova Scotia, 5.679% 2aug2033, CAD
2.22%
National Bank of Canada, 5.426% 16aug2032, CAD
2.21%
TELUS, 4.95% 18feb2031, CAD (CAP)
2.13%
CIBC, 5.3% 16jan2034, CAD
2.11%
Diversification
RQT
Total weight of top 10 holdings out of 41 total
59.21%
TCSB
Total weight of top 10 holdings out of 115 total
23.57%
Characteristics
Compare
RQT
TCSB
| Provider | RBC Global Asset Management | TD Asset Management |
| Management | Actively managed | Actively managed |
| Benchmark | - | - |
| Replication Method | ||
| Asset Class | Fixed Income | Fixed Income |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 3.43% | 3.07% |
| Meets ESG criteria | No | No |
| Inception Date | April 1, 2025 | November 14, 2018 |
Frequently asked questions about RQT and TCSB
Which ETF has performed better year to date: RQT or TCSB?
As of September 11, 2026, RQT has returned 0.16% year to date, while TCSB has returned 0.71%. TCSB is ahead on YTD performance.
Which ETF is larger by assets under management: RQT or TCSB?
As of September 11, 2026, RQT manages $400.89 M in assets, while TCSB manages $917.93 M. TCSB is the larger fund by AUM.
How are RQT and TCSB managed?
RQT is actively managed by RBC Global Asset Management. It does not track an index. TCSB is actively managed by TD Asset Management. It does not track an index.
What sectors do RQT and TCSB emphasize?
RQT is most exposed to Finance, Energy, and Utilities. TCSB is most exposed to Finance, Energy, and Telecommunications.
Which ETF is attracting more investor flows: RQT or TCSB?
Year to date, RQT has seen +$193.45 M in net flows, compared with +$416.30 M for TCSB. TCSB has attracted more net investor money so far.
How do the fees of RQT and TCSB compare?
RQT has an expense ratio of 0.23%, while TCSB has an expense ratio of 0.28%.
What are the top holdings of RQT and TCSB?
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. TCSB's top holdings include Federation des caisses Desjardins du Quebec, FRN 15may2034, CAD, RioCan REIT, 5.455% 1mar2031, CAD (AK), and Royal Bank of Canada, 2.94% 3may2032, CAD (25).
Which ETF is more diversified: RQT or TCSB?
RQT holds 41 securities, while TCSB holds 115. On holdings count, TCSB is the more diversified portfolio.
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