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RBC U.S. Discount Bond ETF (RUDB) and Hamilton U.S. Bond Yield Maximizer ETF (HBND) offer distinct profiles for Canadian ETF investors. A direct comparison shows that RUDB focuses its top 3 sector exposures on Sovereign, Finance, and Consumer Cyclicals, while HBND leans towards Sovereign and Non-Corporate. When evaluating costs, RUDB features a management fee (MER) of 0.25%, compared to 0.45% for HBND. Performance-wise, RUDB has returned 1.29% year-to-date with -$90 M in net flows, whereas HBND is at 2.84% with -$14 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
RUDB
HBND
| AuM | $324.19 M | $161.38 M |
| Management Fees | 0.25% | 0.45% |
| Exp. ratio | 0.28% | 0.65% |
| Tracking Difference | - | - |
Historical performance and flows
As of September 4, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | RUDB | -1.63% | -0.19% | +1.29% | +1.46% | +14.97% |
HBND | -0.31% | -2.87% | -2.84% | -1.52% | - | |
| Flows | RUDB | -$14 M | -$46 M | -$90 M | -$81 M | +$299 M |
HBND | +$0 M | +$8 M | -$14 M | -$14 M | - |
RUDB vs HBND exposure
Countries
RUDB
USA
98.99%
HBND
USA
99.58%
Sectors
RUDB
Sovereign
94.22%
HBND
Sovereign
99.58%
As of September 4, 2026
Top 10 Holdings
RUDB
USA, Notes 0.5% 31oct2027, USD (R-2027)
7.66%
USA, Notes 0.625% 15may2030, USD (C-2030)
7.19%
USA, Notes 0.625% 15aug2030, USD (E-2030)
7.12%
USA, Notes 1.25% 30apr2028, USD (K-2028)
7.01%
USA, Notes 1.75% 15nov2029, USD (F-2029)
7.01%
USA, Notes 0.375% 31jul2027, USD (N-2027)
6.93%
USA, Notes 1.125% 15feb2031, USD (B-2031)
6.50%
USA, Notes 1.625% 15aug2029, USD (E-2029)
5.77%
USA, Notes 0.75% 31jan2028, USD (G-2028)
5.51%
USA, Notes 0.5% 31may2027, USD (L-2027)
5.48%
HBND
USA, Bonds 4.75% 15may2055, USD
3.13%
USA, Bonds 4.75% 15nov2053, USD
3.12%
USA, Bonds 4.125% 15aug2053, USD
3.06%
USA, Bonds 4.625% 15may2054, USD
3.05%
USA, Bonds 4.25% 15feb2054, USD
2.87%
USA, Bonds 4.75% 15feb2056, USD
2.87%
USA, Bonds 4.25% 15aug2054, USD
2.81%
USA, Bonds 4.625% 15feb2055, USD
2.80%
USA, Bonds 4.5% 15nov2054, USD
2.70%
USA, Bonds 3.625% 15may2053, USD
2.54%
Diversification
RUDB
Total weight of top 10 holdings out of 48 total
66.18%
HBND
Total weight of top 10 holdings out of 180 total
28.96%
Characteristics
Compare
RUDB
HBND
| Provider | RBC Global Asset Management | Hamilton ETFs |
| Management | Actively managed | Actively managed |
| Benchmark | - | - |
| Replication Method | ||
| Asset Class | Fixed Income | Fixed Income |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 1.62% | 11.12% |
| Meets ESG criteria | No | No |
| Inception Date | May 18, 2023 | September 14, 2023 |
Frequently asked questions about RUDB and HBND
Which ETF has performed better year to date: RUDB or HBND?
As of September 4, 2026, RUDB has returned 1.29% year to date, while HBND has returned -2.84%. RUDB is ahead on YTD performance.
Which ETF is larger by assets under management: RUDB or HBND?
As of September 4, 2026, RUDB manages $324.19 M in assets, while HBND manages $161.38 M. RUDB is the larger fund by AUM.
How are RUDB and HBND managed?
RUDB is actively managed by RBC Global Asset Management. It does not track an index. HBND is actively managed by Hamilton ETFs. It does not track an index.
What sectors do RUDB and HBND emphasize?
RUDB is most exposed to Sovereign, Finance, and Consumer Cyclicals. HBND is most exposed to Sovereign and Non-Corporate.
Which ETF is attracting more investor flows: RUDB or HBND?
Year to date, RUDB has seen -$90.40 M in net flows, compared with -$14.20 M for HBND. HBND has attracted more net investor money so far.
How do the fees of RUDB and HBND compare?
RUDB has an expense ratio of 0.28%, while HBND has an expense ratio of 0.65%.
What are the top holdings of RUDB and HBND?
RUDB's largest holdings include USA, Notes 0.5% 31oct2027, USD (R-2027), USA, Notes 0.625% 15may2030, USD (C-2030), and USA, Notes 0.625% 15aug2030, USD (E-2030). HBND's top holdings include USA, Bonds 4.75% 15may2055, USD, USA, Bonds 4.75% 15nov2053, USD, and USA, Bonds 4.125% 15aug2053, USD.
Which ETF is more diversified: RUDB or HBND?
RUDB holds 48 securities, while HBND holds 141. On holdings count, HBND is the more diversified portfolio.
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