VS
RBC U.S. Discount Bond ETF (RUDB) and Mackenzie US Government Long Bond Index ETF (QTLT) 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 QTLT leans towards Sovereign. When evaluating costs, RUDB features a management fee (MER) of 0.25%, compared to 0.18% for QTLT. Performance-wise, RUDB has returned 0.92% year-to-date with -$90 M in net flows, whereas QTLT is at 2.51% with +$35 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
QTLT
| AuM | $322.99 M | $159.66 M |
| Management Fees | 0.25% | 0.18% |
| Exp. ratio | 0.28% | 0.20% |
| Tracking Difference | - | -0.37% |
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% |
QTLT | -0.83% | -3.24% | -2.51% | +0.28% | - | |
| Flows | RUDB | -$14 M | -$46 M | -$90 M | -$78 M | +$299 M |
QTLT | +$4 M | +$19 M | +$35 M | +$41 M | - |
RUDB vs QTLT exposure
Countries
RUDB
USA
98.99%
QTLT
USA
100.07%
Sectors
RUDB
Sovereign
94.22%
QTLT
Sovereign
100.07%
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%
QTLT
USA, Bonds 2% 15aug2051, USD
13.48%
USA, Bonds 2.25% 15feb2052, USD
7.28%
USA, Bonds 2.375% 15may2051, USD
6.25%
USA, Bonds 4.25% 15feb2054, USD
5.77%
USA, Bonds 4.25% 15aug2054, USD
5.67%
USA, Bonds 1.625% 15nov2050, USD
5.57%
USA, Bonds 1.875% 15nov2051, USD
5.50%
USA, Bonds 2.875% 15may2049, USD
5.50%
USA, Bonds 4.75% 15feb2056, USD
4.02%
USA, Bonds 1.875% 15feb2051, USD
3.60%
Diversification
RUDB
Total weight of top 10 holdings out of 48 total
66.18%
QTLT
Total weight of top 10 holdings out of 33 total
62.65%
Characteristics
Compare
RUDB
QTLT
| Provider | RBC Global Asset Management | Mackenzie Investments |
| Management | Actively managed | Passively managed |
| Benchmark | - | Solactive US 20+ Year Treasury Bond CAD GTR Index - CAD |
| Replication Method | Direct (Physical) | |
| Asset Class | Fixed Income | Fixed Income |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 1.62% | 3.93% |
| Meets ESG criteria | No | No |
| Inception Date | May 18, 2023 | November 20, 2023 |
Frequently asked questions about RUDB and QTLT
Which ETF has performed better year to date: RUDB or QTLT?
As of September 2, 2026, RUDB has returned 0.92% year to date, while QTLT has returned -2.51%. RUDB is ahead on YTD performance.
Which ETF is larger by assets under management: RUDB or QTLT?
As of September 2, 2026, RUDB manages $322.99 M in assets, while QTLT manages $159.66 M. RUDB is the larger fund by AUM.
How are RUDB and QTLT managed?
RUDB is actively managed by RBC Global Asset Management. It does not track an index. QTLT is passively managed by Mackenzie Investments. It tracks the Solactive US 20+ Year Treasury Bond CAD GTR Index - CAD benchmark.
What sectors do RUDB and QTLT emphasize?
RUDB is most exposed to Sovereign, Finance, and Consumer Cyclicals. QTLT is most exposed to Sovereign.
Which ETF is attracting more investor flows: RUDB or QTLT?
Year to date, RUDB has seen -$90.40 M in net flows, compared with +$34.87 M for QTLT. QTLT has attracted more net investor money so far.
How do the fees of RUDB and QTLT compare?
RUDB has an expense ratio of 0.28%, while QTLT has an expense ratio of 0.20%.
What are the top holdings of RUDB and QTLT?
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). QTLT's top holdings include USA, Bonds 2% 15aug2051, USD, USA, Bonds 2.25% 15feb2052, USD, and USA, Bonds 2.375% 15may2051, USD.
Which ETF is more diversified: RUDB or QTLT?
RUDB holds 48 securities, while QTLT holds 33. On holdings count, RUDB is the more diversified portfolio.
Recent articles about RUDB and QTLT
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.