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RBC U.S. Discount Bond ETF (RUDB) and Mackenzie US TIPS Index ETF (QTIP) 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 QTIP leans towards Sovereign. When evaluating costs, RUDB features a management fee (MER) of 0.25%, compared to 0.15% for QTIP. Performance-wise, RUDB has returned 0.92% year-to-date with -$90 M in net flows, whereas QTIP is at 0.5% with -$10 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
QTIP
| AuM | $322.99 M | $384.99 M |
| Management Fees | 0.25% | 0.15% |
| Exp. ratio | 0.28% | 0.17% |
| Tracking Difference | - | -0.09% |
Historical performance and flows
As of September 2, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | RUDB | -1.99% | -0.37% | +0.92% | +1.59% | +14.54% |
QTIP | -0.29% | -1.48% | -0.50% | -0.52% | +8.63% | |
| Flows | RUDB | -$14 M | -$46 M | -$90 M | -$78 M | +$299 M |
QTIP | +$5 M | +$5 M | -$10 M | +$29 M | +$1 M |
RUDB vs QTIP exposure
Countries
RUDB
USA
98.99%
QTIP
USA
100.00%
Sectors
RUDB
Sovereign
94.22%
QTIP
Sovereign
100.00%
As of September 2, 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%
QTIP
USA, TIPS 1.875% 15jul2034, USD (D-2034)
5.31%
USA, TIPS 1.875% 15jul2035, USD (D-2035)
5.13%
USA, TIPS 0.125% 15jan2031, USD (A-2031)
5.11%
USA, TIPS 0.125% 15jul2031, USD (D-2031)
5.01%
USA, TIPS 1.75% 15jan2034, USD (A-2034)
4.83%
USA, TIPS 2.125% 15jan2035, USD (A-2035)
4.73%
USA, TIPS 0.875% 15jan2029, USD (A-2029)
4.38%
USA, TIPS 1.625% 15oct2027, USD (AE-2027)
4.26%
USA, TIPS 0.5% 15jan2028, USD (A-2028)
3.82%
USA, TIPS 1.25% 15apr2028, USD (X-2028)
3.75%
Diversification
RUDB
Total weight of top 10 holdings out of 48 total
66.18%
QTIP
Total weight of top 10 holdings out of 45 total
46.33%
Characteristics
Compare
RUDB
QTIP
| Provider | RBC Global Asset Management | Mackenzie Investments |
| Management | Actively managed | Passively managed |
| Benchmark | - | Solactive US Treasury Inflation-Linked Bond Hedged to CAD TR Index - CAD |
| Replication Method | Direct (Physical) | |
| Asset Class | Fixed Income | Fixed Income |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 1.62% | 5.56% |
| Meets ESG criteria | No | No |
| Inception Date | May 18, 2023 | January 24, 2018 |
Frequently asked questions about RUDB and QTIP
Which ETF has performed better year to date: RUDB or QTIP?
As of September 2, 2026, RUDB has returned 0.92% year to date, while QTIP has returned -0.50%. RUDB is ahead on YTD performance.
Which ETF is larger by assets under management: RUDB or QTIP?
As of September 2, 2026, RUDB manages $322.99 M in assets, while QTIP manages $384.99 M. QTIP is the larger fund by AUM.
How are RUDB and QTIP managed?
RUDB is actively managed by RBC Global Asset Management. It does not track an index. QTIP is passively managed by Mackenzie Investments. It tracks the Solactive US Treasury Inflation-Linked Bond Hedged to CAD TR Index - CAD benchmark.
What sectors do RUDB and QTIP emphasize?
RUDB is most exposed to Sovereign, Finance, and Consumer Cyclicals. QTIP is most exposed to Sovereign.
Which ETF is attracting more investor flows: RUDB or QTIP?
Year to date, RUDB has seen -$90.40 M in net flows, compared with -$10.22 M for QTIP. QTIP has attracted more net investor money so far.
How do the fees of RUDB and QTIP compare?
RUDB has an expense ratio of 0.28%, while QTIP has an expense ratio of 0.17%.
What are the top holdings of RUDB and QTIP?
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). QTIP's top holdings include USA, TIPS 1.875% 15jul2034, USD (D-2034), USA, TIPS 1.875% 15jul2035, USD (D-2035), and USA, TIPS 0.125% 15jan2031, USD (A-2031).
Which ETF is more diversified: RUDB or QTIP?
RUDB holds 48 securities, while QTIP holds 45. On holdings count, RUDB is the more diversified portfolio.
Recent articles about RUDB and QTIP
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