VS
iShares Canadian Corporate Bond Index ETF (XCB) and RBC Target 2028 Canadian Government Bond ETF (RGQQ) 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 RGQQ leans towards Municipal, Government Agencies, and Sovereign. When evaluating costs, XCB features a management fee (MER) of 0.15%, compared to 0.15% for RGQQ. Performance-wise, XCB has returned 0.23% year-to-date with +$973 M in net flows, whereas RGQQ is at 0.77% with +$37 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
RGQQ
| AuM | $3,667.34 M | $111.05 M |
| Management Fees | 0.15% | 0.15% |
| Exp. ratio | 0.17% | 0.17% |
| Tracking Difference | - | - |
Historical performance and flows
As of September 15, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | XCB | -0.93% | -2.07% | -0.23% | +0.39% | +18.40% |
RGQQ | -0.42% | -0.29% | +0.77% | +1.14% | +14.67% | |
| Flows | XCB | +$360 M | +$420 M | +$973 M | +$1,379 M | +$2,022 M |
RGQQ | +$4 M | +$18 M | +$37 M | +$41 M | +$96 M |
XCB vs RGQQ exposure
Countries
XCB
Canada
90.82%
USA
7.96%
RGQQ
Canada
99.81%
Sectors
XCB
Finance
43.65%
Utilities
15.37%
Energy
13.73%
Industrials
8.75%
Other
18.50%
RGQQ
Municipal
45.25%
Government Agencies
24.27%
Sovereign
17.85%
Finance
9.18%
As of September 15, 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%
RGQQ
CMHC, 2.65% 15dec2028, CAD (85)
11.46%
Province of Quebec, 2.75% 1sep2028, CAD (B124)
7.80%
Province of Ontario, 2.9% 2jun2028, CAD (DMTN238)
7.32%
Canada Housing Trust, 3.1% 15jun2028, CAD (113)
6.70%
Province of Ontario, 3.6% 8mar2028, CAD
6.59%
CMHC, 2.65% 15mar2028, CAD (82)
6.12%
Canada, Bond 2 1jun2028 10Y
5.77%
Canada, Bonds 2.25% 1feb2028, CAD
4.98%
Province of Ontario, 3.4% 8sep2028, CAD (DMTN259)
4.75%
Alberta, 2.9% 1dec2028, CAD
4.25%
Diversification
XCB
Total weight of top 10 holdings out of 1,325 total
4.67%
RGQQ
Total weight of top 10 holdings out of 22 total
65.74%
Characteristics
Compare
XCB
RGQQ
| 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 | 4.28% | 2.81% |
| Meets ESG criteria | No | No |
| Inception Date | November 6, 2006 | April 21, 2023 |
Frequently asked questions about XCB and RGQQ
Which ETF has performed better year to date: XCB or RGQQ?
As of September 15, 2026, XCB has returned -0.23% year to date, while RGQQ has returned 0.77%. RGQQ is ahead on YTD performance.
Which ETF is larger by assets under management: XCB or RGQQ?
As of September 15, 2026, XCB manages $3.67 B in assets, while RGQQ manages $111.05 M. XCB is the larger fund by AUM.
How are XCB and RGQQ managed?
XCB is passively managed by iShares. It tracks the FTSE Canada All Corporate Bond TR Index - CAD benchmark. RGQQ is actively managed by RBC Global Asset Management. It does not track an index.
What sectors do XCB and RGQQ emphasize?
XCB is most exposed to Finance, Utilities, and Energy. RGQQ is most exposed to Municipal, Government Agencies, and Sovereign.
Which ETF is attracting more investor flows: XCB or RGQQ?
Year to date, XCB has seen +$973.28 M in net flows, compared with +$36.59 M for RGQQ. XCB has attracted more net investor money so far.
How do the fees of XCB and RGQQ compare?
XCB has an expense ratio of 0.17%, while RGQQ has an expense ratio of 0.17%.
What are the top holdings of XCB and RGQQ?
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. RGQQ's top holdings include CMHC, 2.65% 15dec2028, CAD (85), Province of Quebec, 2.75% 1sep2028, CAD (B124), and Province of Ontario, 2.9% 2jun2028, CAD (DMTN238).
Which ETF is more diversified: XCB or RGQQ?
XCB holds 1325 securities, while RGQQ holds 22. On holdings count, XCB is the more diversified portfolio.
Recent articles about XCB and RGQQ
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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.