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Compare RBC Target 2031 Canadian Corporate Bond ETF (RQT) vs Vanguard Canadian Corporate Bond Index ETF (VCB) to find the best fit for your portfolio. RQT and VCB provide the same top sector exposures: Finance, Energy, and Utilities. When evaluating costs, RQT features a management fee (MER) of 0.2%, compared to 0.15% for VCB. Performance-wise, RQT has returned 0.16% year-to-date with +$193 M in net flows, whereas VCB is at 0.19% with +$351 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
VCB
| AuM | $400.89 M | $864.91 M |
| Management Fees | 0.20% | 0.15% |
| Exp. ratio | 0.23% | 0.17% |
| Tracking Difference | - | -0.22% |
Historical performance and flows
As of September 11, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | RQT | -0.90% | -1.50% | +0.16% | +0.52% | - |
VCB | -0.89% | -1.87% | -0.19% | +0.72% | +20.39% | |
| Flows | RQT | +$10 M | +$47 M | +$193 M | +$364 M | - |
VCB | +$24 M | +$83 M | +$351 M | +$452 M | +$597 M |
RQT vs VCB exposure
Countries
RQT
Canada
83.98%
USA
12.98%
VCB
Canada
85.57%
USA
12.00%
Sectors
RQT
Finance
59.26%
Energy
16.29%
Other
24.46%
VCB
Finance
47.40%
Energy
13.95%
Utilities
11.54%
Telecommunications
8.63%
Other
18.48%
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%
VCB
Amazon.com, 5% 12jun2056, CAD
0.79%
Bank of Nova Scotia, 3.61% 30jan2032, CAD
0.59%
Royal Bank of Canada, 3.572% 9dec2031, CAD
0.58%
Amazon.com, 4.35% 12jun2036, CAD
0.57%
Toronto-Dominion Bank, 3.687% 9jan2032, CAD
0.56%
Royal Bank of Canada, 4.829% 8aug2034, CAD (28)
0.55%
Royal Bank of Canada, 4.632% 1may2028, CAD
0.49%
Toronto-Dominion Bank, 3.605% 10sep2031, CAD
0.49%
Bank of Nova Scotia, 3.734% 27jun2031, CAD
0.48%
Toronto-Dominion Bank, 4.68% 8jan2029, CAD
0.47%
Diversification
RQT
Total weight of top 10 holdings out of 41 total
59.21%
VCB
Total weight of top 10 holdings out of 861 total
5.56%
Characteristics
Compare
RQT
VCB
| Provider | RBC Global Asset Management | Vanguard |
| Management | Actively managed | Passively managed |
| Benchmark | - | Bloomberg Global Aggregate Canadian Credit Float Adjusted Total Return Index - CAD |
| Replication Method | Direct (Physical) | |
| Asset Class | Fixed Income | Fixed Income |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 3.43% | 4.28% |
| Meets ESG criteria | No | No |
| Inception Date | April 1, 2025 | January 31, 2017 |
Frequently asked questions about RQT and VCB
Which ETF has performed better year to date: RQT or VCB?
As of September 11, 2026, RQT has returned 0.16% year to date, while VCB has returned -0.19%. RQT is ahead on YTD performance.
Which ETF is larger by assets under management: RQT or VCB?
As of September 11, 2026, RQT manages $400.89 M in assets, while VCB manages $864.91 M. VCB is the larger fund by AUM.
How are RQT and VCB managed?
RQT is actively managed by RBC Global Asset Management. It does not track an index. VCB is passively managed by Vanguard. It tracks the Bloomberg Global Aggregate Canadian Credit Float Adjusted Total Return Index - CAD benchmark.
What sectors do RQT and VCB emphasize?
RQT is most exposed to Finance, Energy, and Utilities. VCB is most exposed to Finance, Energy, and Utilities.
Which ETF is attracting more investor flows: RQT or VCB?
Year to date, RQT has seen +$193.45 M in net flows, compared with +$351.02 M for VCB. VCB has attracted more net investor money so far.
How do the fees of RQT and VCB compare?
RQT has an expense ratio of 0.23%, while VCB has an expense ratio of 0.17%.
What are the top holdings of RQT and VCB?
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. VCB's top holdings include Amazon.com, 5% 12jun2056, CAD, Bank of Nova Scotia, 3.61% 30jan2032, CAD, and Royal Bank of Canada, 3.572% 9dec2031, CAD.
Which ETF is more diversified: RQT or VCB?
RQT holds 41 securities, while VCB holds 861. On holdings count, VCB is the more diversified portfolio.
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