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Compare TD Canadian Aggregate Bond Index ETF (TDB) vs Mackenzie Canadian Aggregate Bond Index ETF (QBB) to find the best fit for your portfolio. TDB provides Sovereign, Municipal, and Finance exposures, while QBB is primarily weighted in Municipal, Sovereign, and Finance. When evaluating costs, TDB features a management fee (MER) of 0.08%, compared to 0.07% for QBB. Performance-wise, TDB has returned 0.46% year-to-date with +$2 B in net flows, whereas QBB is at 0.04% with +$305 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
TDB
QBB
| AuM | $4,296.86 M | $1,573.35 M |
| Management Fees | 0.08% | 0.07% |
| Exp. ratio | 0.08% | 0.08% |
| Tracking Difference | -0.08% | -0.01% |
Historical performance and flows
As of October 16, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | TDB | -0.42% | -1.47% | -0.46% | -1.68% | +15.42% |
QBB | +0.74% | -1.21% | +0.04% | -0.90% | +15.28% | |
| Flows | TDB | +$71 M | +$309 M | +$1,563 M | +$1,915 M | +$3,315 M |
QBB | +$35 M | +$176 M | +$305 M | +$384 M | +$696 M |
TDB vs QBB exposure
Countries
TDB
Canada
96.85%
QBB
Canada
95.74%
Sectors
TDB
Sovereign
35.48%
Municipal
27.50%
Finance
11.57%
Government Agencies
10.23%
Other
15.22%
QBB
Municipal
29.04%
Sovereign
28.72%
Finance
15.85%
Government Agencies
9.49%
Other
16.90%
As of October 16, 2026
Top 10 Holdings
TDB
Canada, Bonds 3.25% 1dec2035, CAD
1.57%
Canada, Bonds 2.75% 1sep2030, CAD
1.49%
Canada, Bond 1.5 1jun2031 10Y
1.44%
Canada, Bonds 1.5% 1dec2031 10Y
1.34%
Canada, Bonds 2.75% 1mar2031, CAD
1.33%
Canada, Bonds 3.25% 1jun2036, CAD
1.29%
Canada, Bond 1.25 1jun2030 10Y
1.28%
Canada, Bonds 3.25% 1jun2035, CAD
1.19%
Canada, Bonds 2.75% 1sep2027, CAD
1.19%
Canada, Bond 0.5 1oct2030 10Y
1.19%
QBB
Canada, Bond 1.25 1jun2030 10Y
3.32%
Canada, Bond 1.5 1jun2031 10Y
2.36%
Canada, Bond 2 1jan2051 30Y
2.10%
Canada, Bond 0.5 1oct2030 10Y
1.85%
Province of Ontario, 4.6% 2jun2039, CAD (DMTN182)
1.82%
Province of Ontario, 3.75% 2jun2032, CAD (DMTN254)
1.65%
Canada, Bonds 3% 1jun2034, CAD
1.58%
Canada, Bonds 3.25% 1dec2034, CAD
1.47%
CMHC, 3.8% 15sep2036, CAD (133)
1.46%
Canada, Bonds 2.75% 1dec2055, CAD
1.24%
Diversification
TDB
Total weight of top 10 holdings out of 1,598 total
13.30%
QBB
Total weight of top 10 holdings out of 1,189 total
18.85%
Characteristics
Compare
TDB
QBB
| Provider | TD Asset Management | Mackenzie Investments |
| Management | Passively managed | Passively managed |
| Benchmark | Solactive Broad Canadian Bond Universe GTR Index - CAD | Solactive Canadian Float Adjusted Universe Bond Index - CAD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Fixed Income | Fixed Income |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 3.46% | 2.95% |
| Meets ESG criteria | No | No |
| Inception Date | March 22, 2016 | January 29, 2018 |
Frequently asked questions about TDB and QBB
Which ETF has performed better year to date: TDB or QBB?
As of October 16, 2026, TDB has returned -0.46% year to date, while QBB has returned 0.04%. QBB is ahead on YTD performance.
Which ETF is larger by assets under management: TDB or QBB?
As of October 16, 2026, TDB manages $4.30 B in assets, while QBB manages $1.57 B. TDB is the larger fund by AUM.
How are TDB and QBB managed?
TDB is passively managed by TD Asset Management. It tracks the Solactive Broad Canadian Bond Universe GTR Index - CAD benchmark. QBB is passively managed by Mackenzie Investments. It tracks the Solactive Canadian Float Adjusted Universe Bond Index - CAD benchmark.
What sectors do TDB and QBB emphasize?
TDB is most exposed to Sovereign, Municipal, and Finance. QBB is most exposed to Municipal, Sovereign, and Finance.
Which ETF is attracting more investor flows: TDB or QBB?
Year to date, TDB has seen +$1,563.44 M in net flows, compared with +$305.49 M for QBB. TDB has attracted more net investor money so far.
How do the fees of TDB and QBB compare?
TDB has an expense ratio of 0.08%, while QBB has an expense ratio of 0.08%.
What are the top holdings of TDB and QBB?
TDB's largest holdings include Canada, Bonds 3.25% 1dec2035, CAD, Canada, Bonds 2.75% 1sep2030, CAD, and Canada, Bond 1.5 1jun2031 10Y. QBB's top holdings include Canada, Bond 1.25 1jun2030 10Y, Canada, Bond 1.5 1jun2031 10Y, and Canada, Bond 2 1jan2051 30Y.
Which ETF is more diversified: TDB or QBB?
TDB holds 1577 securities, while QBB holds 1189. On holdings count, TDB is the more diversified portfolio.
Recent articles about TDB and QBB
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