VS
TD Target 2027 U.S. Investment Grade Bond ETF (TBUG.U) and Mackenzie US TIPS Index ETF (QTIP) offer distinct profiles for Canadian ETF investors. A direct comparison shows that TBUG.U focuses its top 3 sector exposures on Finance, Consumer Non-Cyclicals, and Energy, while QTIP leans towards Sovereign. When evaluating costs, TBUG.U features a management fee (MER) of 0.2%, compared to 0.15% for QTIP. Performance-wise, TBUG.U has returned 2.68% year-to-date with -$21 M in net flows, whereas QTIP is at 1.6% with +$9 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
TBUG.U
QTIP
| AuM | $43.89 M | $399.62 M |
| Management Fees | 0.20% | 0.15% |
| Exp. ratio | 0.22% | 0.17% |
| Tracking Difference | - | -0.43% |
Historical performance and flows
As of October 29, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | TBUG.U | +0.49% | +0.79% | +2.68% | +3.59% | - |
QTIP | +1.76% | -1.28% | -1.60% | -2.31% | +9.29% | |
| Flows | TBUG.U | +$0 M | +$4 M | -$21 M | -$22 M | +$0 M |
QTIP | +$2 M | +$24 M | +$9 M | +$31 M | +$27 M |
TBUG.U vs QTIP exposure
Countries
TBUG.U
USA
99.57%
QTIP
USA
100.00%
Sectors
TBUG.U
Finance
59.76%
Consumer Non-Cyclicals
13.31%
Energy
8.50%
Consumer Cyclicals
8.40%
Other
10.03%
QTIP
Sovereign
100.00%
As of October 29, 2026
Top 10 Holdings
TBUG.U
Bank of America Corporation, 4.183% 25nov2027, USD (L)
8.60%
Wells Fargo, 2.393% 2jun2028, USD (U)
8.59%
Energy Transfer, 4% 1oct2027, USD
8.50%
Citigroup, 4.45% 29sep2027, USD (G)
8.43%
General Motors, 6.8% 1oct2027, USD
8.40%
CVS Health, 1.3% 21aug2027, USD
7.53%
American Tower, 3.55% 15jul2027, USD
7.37%
Capital One Financial, 3.65% 11may2027, USD
6.07%
Truist Financial, 1.125% 3aug2027, USD (G)
5.95%
McCormick & Co, 3.4% 15aug2027, USD
5.78%
QTIP
USA, TIPS 1.875% 15jul2035, USD (D-2035)
5.79%
USA, TIPS 0.125% 15jan2031, USD (A-2031)
5.60%
USA, TIPS 0.125% 15jul2031, USD (D-2031)
4.84%
USA, TIPS 2.125% 15jan2035, USD (A-2035)
4.71%
USA, TIPS 1.75% 15jan2034, USD (A-2034)
4.61%
USA, TIPS 1.875% 15jul2034, USD (D-2034)
4.39%
USA, TIPS 0.875% 15jan2029, USD (A-2029)
4.31%
USA, TIPS 0.5% 15jan2028, USD (A-2028)
3.78%
USA, TIPS 1.25% 15apr2028, USD (X-2028)
3.71%
USA, TIPS 1.625% 15apr2030, USD (X-2030)
3.70%
Diversification
TBUG.U
Total weight of top 10 holdings out of 17 total
75.23%
QTIP
Total weight of top 10 holdings out of 47 total
45.44%
Characteristics
Compare
TBUG.U
QTIP
| Provider | TD 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 | 2.84% | 5.19% |
| Meets ESG criteria | No | No |
| Inception Date | April 9, 2024 | January 24, 2018 |
Frequently asked questions about TBUG.U and QTIP
Which ETF has performed better year to date: TBUG.U or QTIP?
As of October 29, 2026, TBUG.U has returned 2.68% year to date, while QTIP has returned -1.60%. TBUG.U is ahead on YTD performance.
Which ETF is larger by assets under management: TBUG.U or QTIP?
As of October 29, 2026, TBUG.U manages $43.89 M in assets, while QTIP manages $399.62 M. QTIP is the larger fund by AUM.
How are TBUG.U and QTIP managed?
TBUG.U is actively managed by TD 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 TBUG.U and QTIP emphasize?
TBUG.U is most exposed to Finance, Consumer Non-Cyclicals, and Energy. QTIP is most exposed to Sovereign.
Which ETF is attracting more investor flows: TBUG.U or QTIP?
Year to date, TBUG.U has seen -$21.02 M in net flows, compared with +$8.75 M for QTIP. QTIP has attracted more net investor money so far.
How do the fees of TBUG.U and QTIP compare?
TBUG.U has an expense ratio of 0.22%, while QTIP has an expense ratio of 0.17%.
What are the top holdings of TBUG.U and QTIP?
TBUG.U's largest holdings include Bank of America Corporation, 4.183% 25nov2027, USD (L), Wells Fargo, 2.393% 2jun2028, USD (U), and Energy Transfer, 4% 1oct2027, USD. QTIP's top holdings include USA, TIPS 1.875% 15jul2035, USD (D-2035), USA, TIPS 0.125% 15jan2031, USD (A-2031), and USA, TIPS 0.125% 15jul2031, USD (D-2031).
Which ETF is more diversified: TBUG.U or QTIP?
TBUG.U holds 17 securities, while QTIP holds 47. On holdings count, QTIP is the more diversified portfolio.
Recent articles about TBUG.U and QTIP
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