VS
Compare Vanguard Canadian Aggregate Bond Index ETF (VAB) vs Mackenzie Canadian Aggregate Bond Index ETF (QBB) to find the best fit for your portfolio. VAB provides Sovereign, Municipal, and Finance exposures, while QBB is primarily weighted in Municipal, Sovereign, and Finance. When evaluating costs, VAB features a management fee (MER) of 0.08%, compared to 0.07% for QBB. Performance-wise, VAB has returned 1.43% year-to-date with +$1 B in net flows, whereas QBB is at 1.29% 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
VAB
QBB
| AuM | $7,816.54 M | $1,583.91 M |
| Management Fees | 0.08% | 0.07% |
| Exp. ratio | 0.09% | 0.08% |
| Tracking Difference | -0.39% | -0.03% |
Historical performance and flows
As of November 4, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | VAB | +2.16% | +0.20% | +1.43% | +0.49% | +16.31% |
QBB | +1.90% | +0.04% | +1.29% | +0.46% | +14.54% | |
| Flows | VAB | +$114 M | +$323 M | +$1,380 M | +$1,677 M | +$3,449 M |
QBB | +$9 M | +$154 M | +$305 M | +$369 M | +$707 M |
VAB vs QBB exposure
Countries
VAB
Canada
94.18%
QBB
Canada
95.54%
Sectors
VAB
Sovereign
33.17%
Municipal
29.83%
Finance
12.87%
Government Agencies
7.38%
Other
16.75%
QBB
Municipal
28.73%
Sovereign
28.56%
Finance
15.82%
Government Agencies
9.62%
Other
17.27%
As of November 4, 2026
Top 10 Holdings
VAB
Canada, Bonds 2.75% 1mar2031, CAD
1.80%
Canada, Bonds 3% 1sep2031, CAD
1.69%
Canada, Bonds 3.25% 1dec2035, CAD
1.47%
Canada, Bonds 2.75% 1sep2030, CAD
1.46%
Canada, Bonds 3.25% 1jun2036, CAD
1.42%
Canada, Bonds 3.25% 1jun2035, CAD
1.38%
Canada, Bonds 2.75% 1mar2030, CAD
1.23%
Canada, Bonds 2.25% 1feb2028, CAD
1.13%
Canada, Bonds 2.5% 1may2028, CAD
1.12%
Canada, Bonds 3% 1jun2034, CAD
1.12%
QBB
Canada, Bond 1.25 1jun2030 10Y
3.27%
Canada, Bond 1.5 1jun2031 10Y
2.32%
Canada, Bond 2 1jan2051 30Y
2.04%
Canada, Bond 0.5 1oct2030 10Y
1.83%
Province of Ontario, 4.6% 2jun2039, CAD (DMTN182)
1.78%
CMHC, 3.8% 15sep2036, CAD (133)
1.68%
Province of Ontario, 3.75% 2jun2032, CAD (DMTN254)
1.62%
Canada, Bonds 3% 1jun2034, CAD
1.55%
Canada, Bonds 3.25% 1dec2034, CAD
1.44%
Canada, Bonds 2.75% 1dec2055, CAD
1.20%
Diversification
VAB
Total weight of top 10 holdings out of 1,324 total
13.81%
QBB
Total weight of top 10 holdings out of 1,204 total
18.72%
Characteristics
Compare
VAB
QBB
| Provider | Vanguard | Mackenzie Investments |
| Management | Passively managed | Passively managed |
| Benchmark | Bloomberg Global Aggregate Canadian Float Adjusted Bond Total Return 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 | 3.41% | 3.21% |
| Meets ESG criteria | No | No |
| Inception Date | November 30, 2011 | January 29, 2018 |
Frequently asked questions about VAB and QBB
Which ETF has performed better year to date: VAB or QBB?
As of November 4, 2026, VAB has returned 1.43% year to date, while QBB has returned 1.29%. VAB is ahead on YTD performance.
Which ETF is larger by assets under management: VAB or QBB?
As of November 4, 2026, VAB manages $7.82 B in assets, while QBB manages $1.58 B. VAB is the larger fund by AUM.
How are VAB and QBB managed?
VAB is passively managed by Vanguard. It tracks the Bloomberg Global Aggregate Canadian Float Adjusted Bond Total Return 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 VAB and QBB emphasize?
VAB is most exposed to Sovereign, Municipal, and Finance. QBB is most exposed to Municipal, Sovereign, and Finance.
Which ETF is attracting more investor flows: VAB or QBB?
Year to date, VAB has seen +$1,379.84 M in net flows, compared with +$305.49 M for QBB. VAB has attracted more net investor money so far.
How do the fees of VAB and QBB compare?
VAB has an expense ratio of 0.09%, while QBB has an expense ratio of 0.08%.
What are the top holdings of VAB and QBB?
VAB's largest holdings include Canada, Bonds 2.75% 1mar2031, CAD and Canada, Bonds 3% 1sep2031, CAD. 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: VAB or QBB?
VAB holds 1284 securities, while QBB holds 1203. On holdings count, VAB is the more diversified portfolio.
Recent articles about VAB and QBB
The ETF Market Canada is brought to you by Cboe in partnership with Trackinsight SA who is providing all the data, analysis and editorial content on this site. Unless explicitly stated as such, any information that you receive is not real-time.
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.
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.