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Compare iShares U.S. Aggregate Bond Index ETF (XAGH) vs Mackenzie U.S. Aggregate Bond Index ETF (QUB) to find the best fit for your portfolio. XAGH provides Sovereign, Finance, and Industrials exposures, while QUB is primarily weighted in Sovereign, Finance, and Technology. When evaluating costs, XAGH features a management fee (MER) of 0.18%, compared to 0.15% for QUB. Performance-wise, XAGH has returned 2.53% year-to-date with -$60 M in net flows, whereas QUB is at 3.03% with +$30 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
XAGH
QUB
| AuM | $308.44 M | $122.15 M |
| Management Fees | 0.18% | 0.15% |
| Exp. ratio | 0.20% | 0.17% |
| Tracking Difference | -0.16% | -0.03% |
Historical performance and flows
As of September 10, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | XAGH | -1.19% | -2.35% | -2.53% | -2.56% | +7.24% |
QUB | -1.41% | -2.19% | -3.03% | -2.96% | +6.73% | |
| Flows | XAGH | +$1 M | -$71 M | -$60 M | +$24 M | +$284 M |
QUB | +$41 M | +$24 M | +$30 M | +$51 M | +$97 M |
XAGH vs QUB exposure
Countries
XAGH
USA
77.34%
Other
17.21%
QUB
USA
77.14%
Other
11.84%
Canada
7.17%
Sectors
XAGH
Sovereign
47.52%
Other
17.21%
Finance
10.19%
Industrials
7.10%
Other
17.98%
QUB
Sovereign
41.16%
Finance
25.40%
Other
11.84%
Other
21.61%
As of September 10, 2026
Top 10 Holdings
XAGH
BlackRock Cash Funds - Institutional
2.85%
USA, Notes 4.625% 15feb2035, USD (B-2035)
0.42%
USA, Notes 4% 28feb2030, USD (H-2030)
0.41%
USA, Notes 4.25% 15nov2034, USD (F-2034)
0.41%
USA, Notes 4.375% 15may2034, USD (C-2034)
0.40%
USA, Notes 4.125% 15feb2036, USD (B-2036)
0.40%
USA, Notes 3.875% 15aug2034, USD (E-2034)
0.40%
USA, Notes 4.25% 15aug2035, USD (E-2035)
0.39%
USA, Notes 4.25% 15may2035, USD (C-2035)
0.39%
USA, Notes 4.5% 15nov2033, USD (F-2033)
0.39%
QUB
USA, Notes 3.75% 31dec2030, USD (T-2030)
5.01%
USA, Notes 4.5% 15nov2033, USD (F-2033)
3.92%
USA, Notes 1.25% 31may2028, USD (L-2028)
3.79%
Massmutual Global Funding II, 4.95% 10jan2030, USD (2025-1)
2.55%
Ontario Teachers Pension Plan (OTPP), 2% 16apr2031, USD (1)
2.28%
USA, Notes 0.625% 15aug2030, USD (E-2030)
2.25%
US3622ABM667
2.24%
USA, Bonds 6.125% 15nov2027, USD
1.91%
USA, Notes 4.375% 15may2036, USD (C-2036)
1.88%
USA, Notes 3.875% 31dec2027, USD (AH-2027)
1.87%
Diversification
XAGH
Total weight of top 10 holdings out of 13,243 total
6.47%
QUB
Total weight of top 10 holdings out of 555 total
27.69%
Characteristics
Compare
XAGH
QUB
| Provider | iShares | Mackenzie Investments |
| Management | Passively managed | Passively managed |
| Benchmark | Bloomberg US Aggregate Bond Index - CAD Hedged | Solactive US Aggregate Bond Index - CAD Hedged |
| Replication Method | Direct (Physical) | |
| Asset Class | Fixed Income | Fixed Income |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 4.31% | 3.34% |
| Meets ESG criteria | No | No |
| Inception Date | August 6, 2021 | September 24, 2020 |
Frequently asked questions about XAGH and QUB
Which ETF has performed better year to date: XAGH or QUB?
As of September 10, 2026, XAGH has returned -2.53% year to date, while QUB has returned -3.03%. XAGH is ahead on YTD performance.
Which ETF is larger by assets under management: XAGH or QUB?
As of September 10, 2026, XAGH manages $308.44 M in assets, while QUB manages $122.15 M. XAGH is the larger fund by AUM.
How are XAGH and QUB managed?
XAGH is passively managed by iShares. It tracks the Bloomberg US Aggregate Bond Index - CAD Hedged benchmark. QUB is passively managed by Mackenzie Investments. It tracks the Solactive US Aggregate Bond Index - CAD Hedged benchmark.
What sectors do XAGH and QUB emphasize?
XAGH is most exposed to Sovereign, Finance, and Industrials. QUB is most exposed to Sovereign, Finance, and Technology.
Which ETF is attracting more investor flows: XAGH or QUB?
Year to date, XAGH has seen -$59.74 M in net flows, compared with +$30.12 M for QUB. QUB has attracted more net investor money so far.
How do the fees of XAGH and QUB compare?
XAGH has an expense ratio of 0.20%, while QUB has an expense ratio of 0.17%.
What are the top holdings of XAGH and QUB?
XAGH's largest holdings include BlackRock Cash Funds - Institutional and USA, Notes 4.625% 15feb2035, USD (B-2035). QUB's top holdings include USA, Notes 3.75% 31dec2030, USD (T-2030) and USA, Notes 4.5% 15nov2033, USD (F-2033).
Which ETF is more diversified: XAGH or QUB?
XAGH holds 10356 securities, while QUB holds 518. On holdings count, XAGH is the more diversified portfolio.
Recent articles about XAGH and QUB
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