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Compare iShares ESG Advanced Canadian Corporate Bond Index ETF (XCBG) vs Mackenzie Canadian All Corporate Bond Index ETF (QCB) to find the best fit for your portfolio. XCBG provides Finance, Telecommunications, and Utilities exposures, while QCB is primarily weighted in Finance, Utilities, and Energy. When evaluating costs, XCBG features a management fee (MER) of 0.15%, compared to 0.14% for QCB. Performance-wise, XCBG has returned 0.72% year-to-date with -$13 M in net flows, whereas QCB is at 0.72% with +$62 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
XCBG
QCB
| AuM | $83.47 M | $621.74 M |
| Management Fees | 0.15% | 0.14% |
| Exp. ratio | 0.17% | 0.15% |
| Tracking Difference | -0.14% | -0.05% |
Historical performance and flows
As of August 31, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | XCBG | -0.58% | -0.69% | +0.72% | +2.61% | +17.86% |
QCB | -0.16% | -0.97% | +0.72% | +2.95% | +18.24% | |
| Flows | XCBG | +$2 M | +$6 M | -$13 M | +$4 M | +$62 M |
QCB | +$19 M | +$50 M | +$62 M | -$34 M | +$201 M |
XCBG vs QCB exposure
Countries
XCBG
Canada
85.03%
USA
12.88%
QCB
Canada
88.90%
USA
9.40%
Sectors
XCBG
Finance
61.13%
Telecommunications
16.61%
Utilities
8.63%
Other
13.63%
QCB
Finance
44.21%
Utilities
16.68%
Energy
13.36%
Industrials
7.31%
Other
18.44%
As of August 31, 2026
Top 10 Holdings
XCBG
Toronto-Dominion Bank, 3.687% 9jan2032, CAD
1.33%
Bank of Nova Scotia, 3.61% 30jan2032, CAD
1.17%
CIBC, 3.65% 13jan2032, CAD
1.09%
Bank of Nova Scotia, 3.734% 27jun2031, CAD
0.97%
Royal Bank of Canada, 3.572% 9dec2031, CAD
0.91%
Toronto-Dominion Bank, 3.842% 29may2031, CAD
0.86%
Bank of Montreal, 3.19% 1mar2028, CAD
0.86%
Bank of Montreal, 4.709% 7dec2027, CAD
0.86%
Equinix, 4% 15nov2032, CAD
0.84%
Alphabet, 5% 15may2056, CAD
0.83%
QCB
AIMCo Realty Investors LP, 2.712% 1jun2029, CAD
0.79%
Royal Bank of Canada, 5.096% 3apr2034, CAD (27)
0.77%
Amazon.com, 5% 12jun2056, CAD
0.76%
Toronto-Dominion Bank, 4.133% 9jan2033, CAD
0.75%
Toronto-Dominion Bank, 3.687% 9jan2032, CAD
0.75%
Royal Bank of Canada, 3.572% 9dec2031, CAD
0.74%
Bank of Montreal, 5.039% 29may2028, CAD
0.72%
Toronto-Dominion Bank, 4.21% 1jun2027, CAD
0.67%
Citigroup, 4.55% 3jun2035, CAD
0.66%
Manulife Financial Corporation, 4.064% 6dec2034, CAD
0.66%
Diversification
XCBG
Total weight of top 10 holdings out of 365 total
9.72%
QCB
Total weight of top 10 holdings out of 729 total
7.27%
Characteristics
Compare
XCBG
QCB
| Provider | iShares | Mackenzie Investments |
| Management | Passively managed | Passively managed |
| Benchmark | Bloomberg MSCI Canada Corporate Choice ESG Screened 10% Issuer Capped Index - CAD | Solactive Canadian Corporate Bond Index - CAD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Fixed Income | Fixed Income |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 4.05% | 4.21% |
| Meets ESG criteria | Yes | No |
| Inception Date | August 6, 2021 | January 29, 2018 |
Frequently asked questions about XCBG and QCB
Which ETF has performed better year to date: XCBG or QCB?
As of August 31, 2026, XCBG has returned 0.72% year to date, while QCB has returned 0.72%. QCB is ahead on YTD performance.
Which ETF is larger by assets under management: XCBG or QCB?
As of August 31, 2026, XCBG manages $83.47 M in assets, while QCB manages $621.74 M. QCB is the larger fund by AUM.
How are XCBG and QCB managed?
XCBG is passively managed by iShares. It tracks the Bloomberg MSCI Canada Corporate Choice ESG Screened 10% Issuer Capped Index - CAD benchmark. QCB is passively managed by Mackenzie Investments. It tracks the Solactive Canadian Corporate Bond Index - CAD benchmark.
What sectors do XCBG and QCB emphasize?
XCBG is most exposed to Finance, Telecommunications, and Utilities. QCB is most exposed to Finance, Utilities, and Energy.
Which ETF is attracting more investor flows: XCBG or QCB?
Year to date, XCBG has seen -$13.01 M in net flows, compared with +$62.42 M for QCB. QCB has attracted more net investor money so far.
How do the fees of XCBG and QCB compare?
XCBG has an expense ratio of 0.17%, while QCB has an expense ratio of 0.15%.
What are the top holdings of XCBG and QCB?
XCBG's largest holdings include Toronto-Dominion Bank, 3.687% 9jan2032, CAD, Bank of Nova Scotia, 3.61% 30jan2032, CAD, and CIBC, 3.65% 13jan2032, CAD. QCB's top holdings include AIMCo Realty Investors LP, 2.712% 1jun2029, CAD, Royal Bank of Canada, 5.096% 3apr2034, CAD (27), and Amazon.com, 5% 12jun2056, CAD.
Which ETF is more diversified: XCBG or QCB?
XCBG holds 365 securities, while QCB holds 729. On holdings count, QCB is the more diversified portfolio.
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