VS
TD Target 2027 U.S. Investment Grade Bond ETF (TBUG.U) and BMO Long-Term US Treasury Bond Index ETF (ZTL.U) 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 ZTL.U leans towards Sovereign. When evaluating costs, TBUG.U features a management fee (MER) of 0.2%, compared to 0.2% for ZTL.U. Performance-wise, TBUG.U has returned 2.68% year-to-date with -$21 M in net flows, whereas ZTL.U is at 2.97% with -$4 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
ZTL.U
| AuM | $43.89 M | $23.11 M |
| Management Fees | 0.20% | 0.20% |
| Exp. ratio | 0.22% | 0.22% |
| Tracking Difference | - | 0.43% |
Historical performance and flows
As of October 30, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | TBUG.U | +0.49% | +0.79% | +2.68% | +3.59% | - |
ZTL.U | +5.59% | +0.04% | -2.97% | -5.32% | +10.78% | |
| Flows | TBUG.U | +$0 M | +$4 M | -$21 M | -$22 M | +$0 M |
ZTL.U | +$0 M | +$1 M | -$4 M | -$5 M | -$12 M |
TBUG.U vs ZTL.U exposure
Countries
TBUG.U
USA
99.57%
ZTL.U
USA
98.47%
Sectors
TBUG.U
Finance
59.76%
Consumer Non-Cyclicals
13.31%
Energy
8.50%
Consumer Cyclicals
8.40%
Other
10.03%
ZTL.U
Sovereign
98.47%
As of October 30, 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%
ZTL.U
USA, Bonds 5% 15may2056, USD
4.25%
USA, Bonds 4.75% 15feb2056, USD
4.08%
USA, Bonds 4.75% 15may2055, USD
4.08%
USA, Bonds 4.75% 15aug2055, USD
4.08%
USA, Bonds 4.625% 15may2054, USD
4.00%
USA, Bonds 4.625% 15feb2055, USD
4.00%
USA, Bonds 4.625% 15nov2055, USD
4.00%
USA, Bonds 4.5% 15nov2054, USD
3.92%
USA, Bonds 4.75% 15nov2053, USD
3.84%
USA, Bonds 4.25% 15feb2054, USD
3.76%
Diversification
TBUG.U
Total weight of top 10 holdings out of 17 total
75.23%
ZTL.U
Total weight of top 10 holdings out of 40 total
40.00%
Characteristics
Compare
TBUG.U
ZTL.U
| Provider | TD Asset Management | BMO |
| Management | Actively managed | Passively managed |
| Benchmark | - | Bloomberg U.S. Treasury 20+ Year Total Return Index - USD |
| Replication Method | - | Direct (Physical) |
| Asset Class | Fixed Income | Fixed Income |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 2.84% | 3.39% |
| Meets ESG criteria | No | No |
| Inception Date | April 9, 2024 | February 28, 2017 |
Frequently asked questions about TBUG.U and ZTL.U
Which ETF has performed better year to date: TBUG.U or ZTL.U?
As of October 30, 2026, TBUG.U has returned 2.68% year to date, while ZTL.U has returned -2.97%. TBUG.U is ahead on YTD performance.
Which ETF is larger by assets under management: TBUG.U or ZTL.U?
As of October 30, 2026, TBUG.U manages $43.89 M in assets, while ZTL.U manages $23.11 M. TBUG.U is the larger fund by AUM.
How are TBUG.U and ZTL.U managed?
TBUG.U is actively managed by TD Asset Management. It does not track an index. ZTL.U is passively managed by BMO. It tracks the Bloomberg U.S. Treasury 20+ Year Total Return Index - USD benchmark.
What sectors do TBUG.U and ZTL.U emphasize?
TBUG.U is most exposed to Finance, Consumer Non-Cyclicals, and Energy. ZTL.U is most exposed to Sovereign.
Which ETF is attracting more investor flows: TBUG.U or ZTL.U?
Year to date, TBUG.U has seen -$21.02 M in net flows, compared with -$4.31 M for ZTL.U. ZTL.U has attracted more net investor money so far.
How do the fees of TBUG.U and ZTL.U compare?
TBUG.U has an expense ratio of 0.22%, while ZTL.U has an expense ratio of 0.22%.
What are the top holdings of TBUG.U and ZTL.U?
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. ZTL.U's top holdings include USA, Bonds 5% 15may2056, USD, USA, Bonds 4.75% 15feb2056, USD, and USA, Bonds 4.75% 15may2055, USD.
Which ETF is more diversified: TBUG.U or ZTL.U?
TBUG.U holds 17 securities, while ZTL.U holds 40. On holdings count, ZTL.U is the more diversified portfolio.
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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.