VS
Vanguard Canadian Ultra-Short Government Bond Index ETF (VVSG) and RBC Canadian Discount Bond ETF (RCDB) offer distinct profiles for Canadian ETF investors. A direct comparison shows that VVSG focuses its top 3 sector exposures on Sovereign, while RCDB leans towards Finance, Municipal, and Sovereign. When evaluating costs, VVSG features a management fee (MER) of 0.1%, compared to 0.15% for RCDB. Performance-wise, VVSG has returned 1.89% year-to-date with +$103 M 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
VVSG
RCDB
| AuM | $252.96 M | $1,395.03 M |
| Management Fees | 0.10% | 0.15% |
| Exp. ratio | 0.12% | 0.17% |
| Tracking Difference | -0.13% | - |
Historical performance and flows
As of October 19, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | VVSG | +0.17% | +0.50% | +1.89% | +2.34% | - |
RCDB | +0.00% | -0.38% | +0.86% | +0.70% | +15.13% | |
| Flows | VVSG | +$11 M | +$33 M | +$103 M | +$171 M | - |
RCDB | -$34 M | -$10 M | +$139 M | +$157 M | +$339 M |
VVSG vs RCDB exposure
Countries
VVSG
Canada
100.00%
RCDB
Canada
99.08%
Sectors
VVSG
Sovereign
100.00%
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
VVSG
Canada, Bonds 2.5% 1aug2027, CAD
8.25%
Canada, Bills 0% 21oct2026, CAD (182D)
7.99%
Canada, Bills 0% 4nov2026, CAD (364D)
7.70%
Canada, Bills 0% 18nov2026, CAD (182D)
7.47%
Canada, Bonds 2.75% 1may2027, CAD
6.54%
Canada, Bills 0% 7oct2026, CAD (364D)
6.47%
Canada, Bills 0% 2dec2026, CAD (364D)
6.01%
Canada, Bonds 3% 1feb2027, CAD
5.58%
Canada, Bonds 1.25% 1mar2027, CAD
3.99%
Canada, Bills 0% 19may2027, CAD (364D)
3.44%
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
VVSG
Total weight of top 10 holdings out of 24 total
63.43%
RCDB
Total weight of top 10 holdings out of 111 total
26.91%
Characteristics
Compare
VVSG
RCDB
| Provider | Vanguard | RBC Global Asset Management |
| Management | Passively managed | Actively managed |
| Benchmark | Bloomberg Canadian Short Treasury 1-12m Float Adjusted Index - CAD | - |
| Replication Method | Direct (Physical) | - |
| Asset Class | Fixed Income | Fixed Income |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 2.48% | 2.27% |
| Meets ESG criteria | No | No |
| Inception Date | September 9, 2024 | June 12, 2019 |
Frequently asked questions about VVSG and RCDB
Which ETF has performed better year to date: VVSG or RCDB?
As of October 19, 2026, VVSG has returned 1.89% year to date, while RCDB has returned 0.86%. VVSG is ahead on YTD performance.
Which ETF is larger by assets under management: VVSG or RCDB?
As of October 19, 2026, VVSG manages $252.96 M in assets, while RCDB manages $1.40 B. RCDB is the larger fund by AUM.
How are VVSG and RCDB managed?
VVSG is passively managed by Vanguard. It tracks the Bloomberg Canadian Short Treasury 1-12m Float Adjusted Index - CAD benchmark. RCDB is actively managed by RBC Global Asset Management. It does not track an index.
What sectors do VVSG and RCDB emphasize?
VVSG is most exposed to Sovereign. RCDB is most exposed to Finance, Municipal, and Sovereign.
Which ETF is attracting more investor flows: VVSG or RCDB?
Year to date, VVSG has seen +$103.19 M in net flows, compared with +$139.16 M for RCDB. RCDB has attracted more net investor money so far.
How do the fees of VVSG and RCDB compare?
VVSG has an expense ratio of 0.12%, while RCDB has an expense ratio of 0.17%.
What are the top holdings of VVSG and RCDB?
VVSG's largest holdings include Canada, Bonds 2.5% 1aug2027, CAD, Canada, Bills 0% 21oct2026, CAD (182D), and Canada, Bills 0% 4nov2026, CAD (364D). 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: VVSG or RCDB?
VVSG holds 24 securities, while RCDB holds 111. On holdings count, RCDB is the more diversified portfolio.
Recent articles about VVSG 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.