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iShares Canadian Corporate Bond Index ETF (XCB) and RBC Target 2029 Canadian Government Bond ETF (RGQR) 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 RGQR leans towards Municipal, Sovereign, and Finance. When evaluating costs, XCB features a management fee (MER) of 0.15%, compared to 0.15% for RGQR. Performance-wise, XCB has returned 0.3% year-to-date with +$979 M in net flows, whereas RGQR is at 0.28% 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
XCB
RGQR
| AuM | $3,670.76 M | $93.99 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% |
RGQR | -0.72% | -0.78% | +0.28% | +0.49% | +14.60% | |
| Flows | XCB | +$366 M | +$426 M | +$979 M | +$1,385 M | +$2,028 M |
RGQR | +$2 M | +$6 M | +$30 M | +$18 M | +$73 M |
XCB vs RGQR exposure
Countries
XCB
Canada
90.82%
USA
7.96%
RGQR
Canada
99.88%
Sectors
XCB
Finance
43.65%
Utilities
15.37%
Energy
13.73%
Industrials
8.75%
Other
18.50%
RGQR
Municipal
47.02%
Sovereign
22.70%
Finance
14.67%
Government Agencies
11.08%
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%
RGQR
Province of Ontario, 2.7% 2jun2029, CAD (DMTN240)
11.10%
Province of Quebec, 2.3% 1sep2029, CAD (B126)
10.39%
Canada, Bonds 4% 1mar2029, CAD
10.09%
Province of Ontario, 4% 8mar2029, CAD (DMTN264)
7.40%
Canada, Bonds 2.25% 1dec2029, CAD
7.01%
CMHC, 2.1% 15sep2029, CAD (88)
6.19%
PSP Capital, 3.75% 15jun2029, CAD (G-8)
6.09%
Alberta, 2.9% 20sep2029, CAD
5.93%
Canada, Bond 2.25 1jun2029 10Y
5.61%
Hydro-Quebec, 3.4% 1sep2029, CAD (0086)
4.41%
Diversification
XCB
Total weight of top 10 holdings out of 1,325 total
4.67%
RGQR
Total weight of top 10 holdings out of 21 total
74.20%
Characteristics
Compare
XCB
RGQR
| 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% | 2.92% |
| Meets ESG criteria | No | No |
| Inception Date | November 6, 2006 | April 21, 2023 |
Frequently asked questions about XCB and RGQR
Which ETF has performed better year to date: XCB or RGQR?
As of September 14, 2026, XCB has returned -0.30% year to date, while RGQR has returned 0.28%. RGQR is ahead on YTD performance.
Which ETF is larger by assets under management: XCB or RGQR?
As of September 14, 2026, XCB manages $3.67 B in assets, while RGQR manages $93.99 M. XCB is the larger fund by AUM.
How are XCB and RGQR managed?
XCB is passively managed by iShares. It tracks the FTSE Canada All Corporate Bond TR Index - CAD benchmark. RGQR is actively managed by RBC Global Asset Management. It does not track an index.
What sectors do XCB and RGQR emphasize?
XCB is most exposed to Finance, Utilities, and Energy. RGQR is most exposed to Municipal, Sovereign, and Finance.
Which ETF is attracting more investor flows: XCB or RGQR?
Year to date, XCB has seen +$979.15 M in net flows, compared with +$30.27 M for RGQR. XCB has attracted more net investor money so far.
How do the fees of XCB and RGQR compare?
XCB has an expense ratio of 0.17%, while RGQR has an expense ratio of 0.17%.
What are the top holdings of XCB and RGQR?
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. RGQR's top holdings include Province of Ontario, 2.7% 2jun2029, CAD (DMTN240), Province of Quebec, 2.3% 1sep2029, CAD (B126), and Canada, Bonds 4% 1mar2029, CAD.
Which ETF is more diversified: XCB or RGQR?
XCB holds 1325 securities, while RGQR holds 21. On holdings count, XCB is the more diversified portfolio.
Recent articles about XCB and RGQR
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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.