VS
Compare TD U.S. Long Term Treasury Bond ETF (TULB) vs Mackenzie US Government Long Bond Index ETF (QTLT) to find the best fit for your portfolio. TULB and QTLT provide the same top sector exposures: Sovereign. When evaluating costs, TULB features a management fee (MER) of 0.23%, compared to 0.18% for QTLT. Performance-wise, TULB has returned 2.78% year-to-date with +$162 M in net flows, whereas QTLT is at 3.43% 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
TULB
QTLT
| AuM | $278.66 M | $158.16 M |
| Management Fees | 0.23% | 0.18% |
| Exp. ratio | 0.23% | 0.20% |
| Tracking Difference | - | -0.37% |
Historical performance and flows
As of September 15, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | TULB | +0.70% | -5.02% | -2.78% | -4.30% | +4.05% |
QTLT | -0.12% | -5.27% | -3.43% | -5.54% | - | |
| Flows | TULB | +$18 M | +$58 M | +$162 M | +$190 M | +$170 M |
QTLT | +$0 M | +$17 M | +$35 M | +$41 M | - |
TULB vs QTLT exposure
Countries
TULB
USA
99.89%
QTLT
USA
100.07%
Sectors
TULB
Sovereign
99.89%
QTLT
Sovereign
100.07%
As of September 15, 2026
Top 10 Holdings
TULB
USA, Bonds 4.625% 15nov2055, USD
12.77%
USA, Bonds 4.75% 15feb2056, USD
12.38%
USA, Bonds 1.875% 15nov2051, USD
9.03%
USA, Bonds 4.75% 15may2055, USD
9.01%
USA, Bonds 2.25% 15aug2049, USD
8.83%
USA, Bonds 4% 15nov2052, USD
7.86%
USA, Bonds 4.75% 15nov2053, USD
7.34%
USA, Bonds 4.25% 15feb2054, USD
6.75%
USA, Bonds 5% 15may2056, USD
6.20%
USA, Bonds 4.5% 15nov2054, USD
5.34%
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
TULB
Total weight of top 10 holdings out of 18 total
85.51%
QTLT
Total weight of top 10 holdings out of 33 total
62.65%
Characteristics
Compare
TULB
QTLT
| Provider | TD 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 | 4.78% | 3.96% |
| Meets ESG criteria | No | No |
| Inception Date | November 26, 2019 | November 20, 2023 |
Frequently asked questions about TULB and QTLT
Which ETF has performed better year to date: TULB or QTLT?
As of September 15, 2026, TULB has returned -2.78% year to date, while QTLT has returned -3.43%. TULB is ahead on YTD performance.
Which ETF is larger by assets under management: TULB or QTLT?
As of September 15, 2026, TULB manages $278.66 M in assets, while QTLT manages $158.16 M. TULB is the larger fund by AUM.
How are TULB and QTLT managed?
TULB is actively managed by TD 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 TULB and QTLT emphasize?
TULB is most exposed to Sovereign. QTLT is most exposed to Sovereign.
Which ETF is attracting more investor flows: TULB or QTLT?
Year to date, TULB has seen +$161.53 M in net flows, compared with +$34.87 M for QTLT. TULB has attracted more net investor money so far.
How do the fees of TULB and QTLT compare?
TULB has an expense ratio of 0.23%, while QTLT has an expense ratio of 0.20%.
What are the top holdings of TULB and QTLT?
TULB's largest holdings include USA, Bonds 4.625% 15nov2055, USD, USA, Bonds 4.75% 15feb2056, USD, and USA, Bonds 1.875% 15nov2051, USD. 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: TULB or QTLT?
TULB holds 18 securities, while QTLT holds 33. On holdings count, QTLT is the more diversified portfolio.
Recent articles about TULB and QTLT
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