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Compare TD Canadian Aggregate Bond Index ETF (TDB) vs RBC Canadian Discount Bond ETF (RCDB) to find the best fit for your portfolio. TDB provides Sovereign, Municipal, and Finance exposures, while RCDB is primarily weighted in Finance, Municipal, and Sovereign. When evaluating costs, TDB features a management fee (MER) of 0.08%, compared to 0.15% for RCDB. Performance-wise, TDB has returned 0.46% year-to-date with +$2 B in net flows, whereas RCDB is at 0.86% with +$139 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
RCDB
| AuM | $4,296.86 M | $1,395.03 M |
| Management Fees | 0.08% | 0.15% |
| Exp. ratio | 0.08% | 0.17% |
| Tracking Difference | -0.08% | - |
Historical performance and flows
As of October 19, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | TDB | -0.42% | -1.47% | -0.46% | -1.68% | +15.42% |
RCDB | +0.00% | -0.38% | +0.86% | +0.70% | +15.13% | |
| Flows | TDB | +$71 M | +$309 M | +$1,563 M | +$1,915 M | +$3,315 M |
RCDB | -$34 M | -$10 M | +$139 M | +$157 M | +$339 M |
TDB vs RCDB exposure
Countries
TDB
Canada
96.85%
RCDB
Canada
99.08%
Sectors
TDB
Sovereign
35.48%
Municipal
27.50%
Finance
11.57%
Government Agencies
10.23%
Other
15.22%
RCDB
Finance
32.14%
Municipal
16.92%
Sovereign
16.13%
Utilities
7.90%
Government Agencies
7.17%
Other
19.73%
As of October 19, 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%
RCDB
Canada, Bond 2 1jun2028 10Y
4.51%
Canada, Bond 0.5 1oct2030 10Y
3.70%
CMHC, 2.35% 15mar2028, CAD (80)
3.42%
Province of Ontario, 1.55% 1nov2029, CAD (DMTN251)
3.40%
Bell Canada, 1.65% 16aug2027, CAD (M-53)
2.24%
Province of Quebec, 1.9% 1sep2030, CAD (B127)
2.05%
CMHC, 1.75% 15jun2030, CAD (92)
2.02%
Royal Bank of Canada, 3.572% 9dec2031, CAD
1.92%
Hydro-Quebec, 2% 1sep2028, CAD (0082)
1.88%
Canada, Bonds 1.5% 1dec2031 10Y
1.78%
Diversification
TDB
Total weight of top 10 holdings out of 1,598 total
13.30%
RCDB
Total weight of top 10 holdings out of 111 total
26.91%
Characteristics
Compare
TDB
RCDB
| Provider | TD Asset Management | RBC Global Asset Management |
| Management | Passively managed | Actively managed |
| Benchmark | Solactive Broad Canadian Bond Universe GTR Index - CAD | - |
| Replication Method | Direct (Physical) | - |
| Asset Class | Fixed Income | Fixed Income |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 3.46% | 2.27% |
| Meets ESG criteria | No | No |
| Inception Date | March 22, 2016 | June 12, 2019 |
Frequently asked questions about TDB and RCDB
Which ETF has performed better year to date: TDB or RCDB?
As of October 19, 2026, TDB has returned -0.46% year to date, while RCDB has returned 0.86%. RCDB is ahead on YTD performance.
Which ETF is larger by assets under management: TDB or RCDB?
As of October 19, 2026, TDB manages $4.30 B in assets, while RCDB manages $1.40 B. TDB is the larger fund by AUM.
How are TDB and RCDB managed?
TDB is passively managed by TD Asset Management. It tracks the Solactive Broad Canadian Bond Universe GTR Index - CAD benchmark. RCDB is actively managed by RBC Global Asset Management. It does not track an index.
What sectors do TDB and RCDB emphasize?
TDB is most exposed to Sovereign, Municipal, and Finance. RCDB is most exposed to Finance, Municipal, and Sovereign.
Which ETF is attracting more investor flows: TDB or RCDB?
Year to date, TDB has seen +$1,563.44 M in net flows, compared with +$139.16 M for RCDB. TDB has attracted more net investor money so far.
How do the fees of TDB and RCDB compare?
TDB has an expense ratio of 0.08%, while RCDB has an expense ratio of 0.17%.
What are the top holdings of TDB and RCDB?
TDB's largest holdings include Canada, Bonds 3.25% 1dec2035, CAD, Canada, Bonds 2.75% 1sep2030, CAD, and Canada, Bond 1.5 1jun2031 10Y. RCDB's top holdings include Canada, Bond 2 1jun2028 10Y, Canada, Bond 0.5 1oct2030 10Y, and CMHC, 2.35% 15mar2028, CAD (80).
Which ETF is more diversified: TDB or RCDB?
TDB holds 1577 securities, while RCDB holds 111. On holdings count, TDB is the more diversified portfolio.
Recent articles about TDB and RCDB
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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.