VS
iShares Canadian Government Bond Index ETF (XGB) and RBC Target 2027 Canadian Corporate Bond Index ETF (RQP) offer distinct profiles for Canadian ETF investors. A direct comparison shows that XGB focuses its top 3 sector exposures on Sovereign, Municipal, and Government Agencies, while RQP leans towards Finance, Utilities, and Energy. When evaluating costs, XGB features a management fee (MER) of 0.12%, compared to 0.2% for RQP. Performance-wise, XGB has returned 1.16% year-to-date with -$239 M in net flows, whereas RQP is at 1.83% with +$28 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
XGB
RQP
| AuM | $1,561.04 M | $842.24 M |
| Management Fees | 0.12% | 0.20% |
| Exp. ratio | 0.13% | 0.22% |
| Tracking Difference | - | - |
Historical performance and flows
As of September 30, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | XGB | -1.36% | -3.28% | -1.16% | -1.71% | +12.77% |
RQP | +0.13% | +0.53% | +1.83% | +2.47% | +19.37% | |
| Flows | XGB | -$104 M | -$32 M | -$239 M | -$37 M | +$660 M |
RQP | -$1 M | +$14 M | +$28 M | -$4 M | +$523 M |
XGB vs RQP exposure
Countries
XGB
Canada
99.18%
RQP
Canada
99.97%
Sectors
XGB
Sovereign
44.40%
Municipal
38.41%
Government Agencies
9.61%
Other
7.58%
RQP
Finance
72.04%
Other
27.96%
As of September 30, 2026
Top 10 Holdings
XGB
Canada, Bonds 2.75% 1sep2030, CAD
2.01%
Canada, Bonds 3.25% 1jun2036, CAD
2.00%
Canada, Bonds 2.75% 1mar2031, CAD
1.99%
Canada, Bonds 3.25% 1dec2035, CAD
1.98%
Canada, Bonds 3.25% 1jun2035, CAD
1.81%
Canada, Bonds 3% 1jun2034, CAD
1.57%
Canada, Bonds 3% 1sep2031, CAD
1.55%
Canada, Bonds 2.75% 1mar2030, CAD
1.55%
Canada, Bonds 3.5% 1sep2029, CAD
1.51%
Canada, Bonds 3.5% 1dec2057, CAD
1.50%
RQP
Royal Bank of Canada, 3.626% 10dec2028, CAD
7.04%
Bank of Nova Scotia, 3.807% 15nov2028, CAD
5.54%
Bank of Montreal, 4.309% 1jun2027, CAD
4.48%
Federation des caisses Desjardins du Quebec, 4.407% 19may2027, CAD
4.40%
Toronto-Dominion Bank, 5.376% 21oct2027, CAD
4.14%
CIBC, 5.05% 7oct2027, CAD
3.94%
CIBC, 2.25% 7jan2027, CAD (7449)
2.83%
Enbridge, 5.7% 9nov2027, CAD
2.68%
Sun Life Financial, 2.58% 10may2032, CAD (2020-1)
2.68%
Manulife Bank of Canada, 2.864% 16feb2027, CAD
2.62%
Diversification
XGB
Total weight of top 10 holdings out of 550 total
17.48%
RQP
Total weight of top 10 holdings out of 40 total
40.34%
Characteristics
Compare
XGB
RQP
| Provider | iShares | RBC Global Asset Management |
| Management | Passively managed | Passively managed |
| Benchmark | FTSE Canada All Government Bond TR Index - CAD | FTSE Canada 2027 Maturity Corporate Bond Index - CAD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Fixed Income | Fixed Income |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 3.24% | 3.77% |
| Meets ESG criteria | No | No |
| Inception Date | November 6, 2006 | September 17, 2020 |
Frequently asked questions about XGB and RQP
Which ETF has performed better year to date: XGB or RQP?
As of September 30, 2026, XGB has returned -1.16% year to date, while RQP has returned 1.83%. RQP is ahead on YTD performance.
Which ETF is larger by assets under management: XGB or RQP?
As of September 30, 2026, XGB manages $1.56 B in assets, while RQP manages $842.24 M. XGB is the larger fund by AUM.
How are XGB and RQP managed?
XGB is passively managed by iShares. It tracks the FTSE Canada All Government Bond TR Index - CAD benchmark. RQP is passively managed by RBC Global Asset Management. It tracks the FTSE Canada 2027 Maturity Corporate Bond Index - CAD benchmark.
What sectors do XGB and RQP emphasize?
XGB is most exposed to Sovereign, Municipal, and Government Agencies. RQP is most exposed to Finance, Utilities, and Energy.
Which ETF is attracting more investor flows: XGB or RQP?
Year to date, XGB has seen -$238.83 M in net flows, compared with +$27.51 M for RQP. RQP has attracted more net investor money so far.
How do the fees of XGB and RQP compare?
XGB has an expense ratio of 0.13%, while RQP has an expense ratio of 0.22%.
What are the top holdings of XGB and RQP?
XGB's largest holdings include Canada, Bonds 2.75% 1sep2030, CAD, Canada, Bonds 3.25% 1jun2036, CAD, and Canada, Bonds 2.75% 1mar2031, CAD. RQP's top holdings include Royal Bank of Canada, 3.626% 10dec2028, CAD, Bank of Nova Scotia, 3.807% 15nov2028, CAD, and Bank of Montreal, 4.309% 1jun2027, CAD.
Which ETF is more diversified: XGB or RQP?
XGB holds 549 securities, while RQP holds 40. On holdings count, XGB is the more diversified portfolio.
Recent articles about XGB and RQP
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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.