VS
iShares Canadian Corporate Bond Index ETF (XCB) and RBC Target 2027 Canadian Government Bond ETF (RGQP) offer distinct profiles for Canadian ETF investors. A direct comparison shows that XCB focuses its top 3 sector exposures on Finance, Utilities, and Energy, while RGQP leans towards Municipal, Sovereign, and Government Agencies. When evaluating costs, XCB features a management fee (MER) of 0.15%, compared to 0.15% for RGQP. Performance-wise, XCB has returned 0.3% year-to-date with +$979 M in net flows, whereas RGQP is at 1.43% with +$25 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
XCB
RGQP
| AuM | $3,670.76 M | $125.89 M |
| Management Fees | 0.15% | 0.15% |
| Exp. ratio | 0.17% | 0.17% |
| Tracking Difference | - | - |
Historical performance and flows
As of September 14, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | XCB | -1.20% | -2.13% | -0.30% | +0.32% | +18.05% |
RGQP | +0.00% | +0.36% | +1.43% | +2.14% | +14.49% | |
| Flows | XCB | +$366 M | +$426 M | +$979 M | +$1,385 M | +$2,028 M |
RGQP | +$2 M | +$23 M | +$25 M | -$9 M | +$106 M |
XCB vs RGQP exposure
Countries
XCB
Canada
90.82%
USA
7.96%
RGQP
Canada
99.81%
Sectors
XCB
Finance
43.65%
Utilities
15.37%
Energy
13.73%
Industrials
8.75%
Other
18.50%
RGQP
Municipal
40.45%
Sovereign
28.63%
Government Agencies
16.39%
Finance
14.34%
As of September 14, 2026
Top 10 Holdings
XCB
Amazon.com, 5% 12jun2056, CAD
0.62%
Bank of Nova Scotia, 3.61% 30jan2032, CAD
0.53%
Amazon.com, 4.35% 12jun2036, CAD
0.52%
Royal Bank of Canada, 3.572% 9dec2031, CAD
0.52%
CIBC, 3.65% 13jan2032, CAD
0.45%
Toronto-Dominion Bank, 3.687% 9jan2032, CAD
0.45%
Bank of Nova Scotia, 3.734% 27jun2031, CAD
0.41%
Alphabet, 5% 15may2056, CAD
0.41%
Royal Bank of Canada, 4.632% 1may2028, CAD
0.39%
Toronto-Dominion Bank, 4.68% 8jan2029, CAD
0.38%
RGQP
Province of Ontario, 2.6% 2jun2027, CAD (DMTN234)
11.77%
Canada, Bonds 2.75% 1sep2027, CAD
9.27%
CMHC, 2.35% 15jun2027, CAD (77)
8.69%
Canada Housing Trust, 3.6% 15dec2027, CAD (110)
7.70%
Canada, Bonds 1.25% 1mar2027, CAD
7.53%
Canada, Bonds 2.5% 1nov2027, CAD
5.45%
Province of Quebec, 2.75% 1sep2027, CAD (B122)
5.27%
OMERS Finance Trust, 1.55% 21apr2027, CAD (B)
5.24%
Alberta, 2.55% 1jun2027, CAD
5.16%
Ontario Teachers Finance Trust, 1.1% 19oct2027, CAD
4.64%
Diversification
XCB
Total weight of top 10 holdings out of 1,325 total
4.67%
RGQP
Total weight of top 10 holdings out of 23 total
70.73%
Characteristics
Compare
XCB
RGQP
| Provider | iShares | RBC Global Asset Management |
| Management | Passively managed | Actively managed |
| Benchmark | FTSE Canada All Corporate Bond TR Index - CAD | - |
| Replication Method | Direct (Physical) | |
| Asset Class | Fixed Income | Fixed Income |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 4.29% | 2.27% |
| Meets ESG criteria | No | No |
| Inception Date | November 6, 2006 | April 21, 2023 |
Frequently asked questions about XCB and RGQP
Which ETF has performed better year to date: XCB or RGQP?
As of September 14, 2026, XCB has returned -0.30% year to date, while RGQP has returned 1.43%. RGQP is ahead on YTD performance.
Which ETF is larger by assets under management: XCB or RGQP?
As of September 14, 2026, XCB manages $3.67 B in assets, while RGQP manages $125.89 M. XCB is the larger fund by AUM.
How are XCB and RGQP managed?
XCB is passively managed by iShares. It tracks the FTSE Canada All Corporate Bond TR Index - CAD benchmark. RGQP is actively managed by RBC Global Asset Management. It does not track an index.
What sectors do XCB and RGQP emphasize?
XCB is most exposed to Finance, Utilities, and Energy. RGQP is most exposed to Municipal, Sovereign, and Government Agencies.
Which ETF is attracting more investor flows: XCB or RGQP?
Year to date, XCB has seen +$979.15 M in net flows, compared with +$24.80 M for RGQP. XCB has attracted more net investor money so far.
How do the fees of XCB and RGQP compare?
XCB has an expense ratio of 0.17%, while RGQP has an expense ratio of 0.17%.
What are the top holdings of XCB and RGQP?
XCB's largest holdings include Amazon.com, 5% 12jun2056, CAD, Bank of Nova Scotia, 3.61% 30jan2032, CAD, and Amazon.com, 4.35% 12jun2036, CAD. RGQP's top holdings include Province of Ontario, 2.6% 2jun2027, CAD (DMTN234), Canada, Bonds 2.75% 1sep2027, CAD, and CMHC, 2.35% 15jun2027, CAD (77).
Which ETF is more diversified: XCB or RGQP?
XCB holds 1325 securities, while RGQP holds 23. On holdings count, XCB is the more diversified portfolio.
Recent articles about XCB and RGQP
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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.