VS
Compare Vanguard Canadian Short-Term Corporate Bond Index ETF (VSC) vs Mackenzie Canadian All Corporate Bond Index ETF (QCB) to find the best fit for your portfolio. VSC provides Finance, Energy, and Telecommunications exposures, while QCB is primarily weighted in Finance, Utilities, and Energy. When evaluating costs, VSC features a management fee (MER) of 0.1%, compared to 0.14% for QCB. Performance-wise, VSC has returned 1.23% year-to-date with +$341 M in net flows, whereas QCB is at 0.32% with +$62 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
VSC
QCB
| AuM | $1,621.38 M | $619.25 M |
| Management Fees | 0.10% | 0.14% |
| Exp. ratio | 0.11% | 0.15% |
| Tracking Difference | -0.19% | -0.05% |
Historical performance and flows
As of September 1, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | VSC | -0.36% | -0.03% | +1.23% | +2.93% | +20.54% |
QCB | -1.09% | -1.37% | +0.32% | +2.54% | +17.68% | |
| Flows | VSC | +$65 M | +$140 M | +$341 M | +$536 M | +$583 M |
QCB | +$19 M | +$50 M | +$62 M | -$34 M | +$201 M |
VSC vs QCB exposure
Countries
VSC
Canada
88.89%
USA
8.55%
QCB
Canada
88.90%
USA
9.40%
Sectors
VSC
Finance
65.86%
Energy
7.68%
Other
26.45%
QCB
Finance
44.21%
Utilities
16.68%
Energy
13.36%
Industrials
7.31%
Other
18.44%
As of September 1, 2026
Top 10 Holdings
VSC
Royal Bank of Canada, 3.572% 9dec2031, CAD
1.15%
Toronto-Dominion Bank, 3.687% 9jan2032, CAD
0.92%
Bank of Nova Scotia, 3.61% 30jan2032, CAD
0.91%
Royal Bank of Canada, 4.632% 1may2028, CAD
0.91%
CIBC, 3.65% 13jan2032, CAD
0.86%
Bank of Montreal, 4.709% 7dec2027, CAD
0.85%
Bank of Nova Scotia, 3.734% 27jun2031, CAD
0.83%
Toronto-Dominion Bank, 4.477% 18jan2028, CAD
0.81%
Bank of Montreal, 3.19% 1mar2028, CAD
0.79%
Bank of Montreal, 3.539% 3mar2032, CAD
0.77%
QCB
AIMCo Realty Investors LP, 2.712% 1jun2029, CAD
0.79%
Royal Bank of Canada, 5.096% 3apr2034, CAD (27)
0.77%
Amazon.com, 5% 12jun2056, CAD
0.76%
Toronto-Dominion Bank, 4.133% 9jan2033, CAD
0.75%
Toronto-Dominion Bank, 3.687% 9jan2032, CAD
0.75%
Royal Bank of Canada, 3.572% 9dec2031, CAD
0.74%
Bank of Montreal, 5.039% 29may2028, CAD
0.72%
Toronto-Dominion Bank, 4.21% 1jun2027, CAD
0.67%
Citigroup, 4.55% 3jun2035, CAD
0.66%
Manulife Financial Corporation, 4.064% 6dec2034, CAD
0.66%
Diversification
VSC
Total weight of top 10 holdings out of 450 total
8.81%
QCB
Total weight of top 10 holdings out of 729 total
7.27%
Characteristics
Compare
VSC
QCB
| Provider | Vanguard | Mackenzie Investments |
| Management | Passively managed | Passively managed |
| Benchmark | Bloomberg Global Aggregate Canadian Credit 1-5Y Total Return Index - CAD | Solactive Canadian Corporate Bond Index - CAD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Fixed Income | Fixed Income |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 4.03% | 4.22% |
| Meets ESG criteria | No | No |
| Inception Date | November 2, 2012 | January 29, 2018 |
Frequently asked questions about VSC and QCB
Which ETF has performed better year to date: VSC or QCB?
As of September 1, 2026, VSC has returned 1.23% year to date, while QCB has returned 0.32%. VSC is ahead on YTD performance.
Which ETF is larger by assets under management: VSC or QCB?
As of September 1, 2026, VSC manages $1.62 B in assets, while QCB manages $619.25 M. VSC is the larger fund by AUM.
How are VSC and QCB managed?
VSC is passively managed by Vanguard. It tracks the Bloomberg Global Aggregate Canadian Credit 1-5Y Total Return Index - CAD benchmark. QCB is passively managed by Mackenzie Investments. It tracks the Solactive Canadian Corporate Bond Index - CAD benchmark.
What sectors do VSC and QCB emphasize?
VSC is most exposed to Finance, Energy, and Telecommunications. QCB is most exposed to Finance, Utilities, and Energy.
Which ETF is attracting more investor flows: VSC or QCB?
Year to date, VSC has seen +$340.95 M in net flows, compared with +$62.42 M for QCB. VSC has attracted more net investor money so far.
How do the fees of VSC and QCB compare?
VSC has an expense ratio of 0.11%, while QCB has an expense ratio of 0.15%.
What are the top holdings of VSC and QCB?
VSC's largest holdings include Royal Bank of Canada, 3.572% 9dec2031, CAD, Toronto-Dominion Bank, 3.687% 9jan2032, CAD, and Bank of Nova Scotia, 3.61% 30jan2032, CAD. QCB's top holdings include AIMCo Realty Investors LP, 2.712% 1jun2029, CAD, Royal Bank of Canada, 5.096% 3apr2034, CAD (27), and Amazon.com, 5% 12jun2056, CAD.
Which ETF is more diversified: VSC or QCB?
VSC holds 450 securities, while QCB holds 729. On holdings count, QCB is the more diversified portfolio.
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