VS
iShares Canadian Real Return Bond Index ETF (XRB) and RBC Target 2027 Canadian Corporate Bond Index ETF (RQP) offer distinct profiles for Canadian ETF investors. A direct comparison shows that XRB focuses its top 3 sector exposures on Sovereign and Municipal, while RQP leans towards Finance, Utilities, and Energy. When evaluating costs, XRB features a management fee (MER) of 0.35%, compared to 0.2% for RQP. Performance-wise, XRB has returned 3.67% year-to-date with +$9 M in net flows, whereas RQP is at 1.65% with +$32 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
XRB
RQP
| AuM | $263.31 M | $847.84 M |
| Management Fees | 0.35% | 0.20% |
| Exp. ratio | 0.39% | 0.22% |
| Tracking Difference | - | - |
Historical performance and flows
As of September 2, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | XRB | -0.04% | -0.64% | +3.67% | +4.04% | +20.97% |
RQP | +0.12% | +0.62% | +1.65% | +2.83% | +18.55% | |
| Flows | XRB | -$9 M | -$2 M | +$9 M | +$5 M | -$135 M |
RQP | +$7 M | +$33 M | +$32 M | +$30 M | +$573 M |
XRB vs RQP exposure
Countries
XRB
Canada
99.99%
RQP
Canada
99.97%
Sectors
XRB
Sovereign
88.90%
Municipal
11.10%
RQP
Finance
72.05%
Other
27.95%
As of September 2, 2026
Top 10 Holdings
XRB
Canada, RRB 4% 1dec2031, CAD
14.73%
Canada, RRB 3% 1dec2036, CAD
13.90%
Canada, RRB 1.5% 1dec2044, CAD
12.96%
Canada, RRB 2% 1dec2041, CAD
12.47%
Canada, RRB 4.25% 1dec2026, CAD (VS05)
12.10%
Canada, RRB 1.25% 1dec2047, CAD
11.46%
Canada, RRB 0.5% 1dec2050, CAD
9.20%
Province of Ontario, 2% 1dec2036, CAD (DMTN158)
5.33%
Province of Quebec, 4.25% 1dec2031, CAD (PM)
2.42%
Canada, RRB 0.25r 1dec2054 30Y
2.08%
RQP
Royal Bank of Canada, 3.626% 10dec2028, CAD
7.04%
Bank of Nova Scotia, 3.807% 15nov2028, CAD
5.55%
Bank of Montreal, 4.309% 1jun2027, CAD
4.49%
Federation des caisses Desjardins du Quebec, 4.407% 19may2027, CAD
4.40%
Toronto-Dominion Bank, 5.376% 21oct2027, CAD
4.15%
CIBC, 5.05% 7oct2027, CAD
3.95%
CIBC, 2.25% 7jan2027, CAD (7449)
2.82%
Enbridge, 5.7% 9nov2027, CAD
2.68%
Sun Life Financial, 2.58% 10may2032, CAD (2020-1)
2.67%
Manulife Bank of Canada, 2.864% 16feb2027, CAD
2.61%
Diversification
XRB
Total weight of top 10 holdings out of 13 total
96.64%
RQP
Total weight of top 10 holdings out of 40 total
40.37%
Characteristics
Compare
XRB
RQP
| Provider | iShares | RBC Global Asset Management |
| Management | Passively managed | Passively managed |
| Benchmark | FTSE Canada Real Return 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 | 2.39% | 3.77% |
| Meets ESG criteria | No | No |
| Inception Date | December 19, 2005 | September 17, 2020 |
Frequently asked questions about XRB and RQP
Which ETF has performed better year to date: XRB or RQP?
As of September 2, 2026, XRB has returned 3.67% year to date, while RQP has returned 1.65%. XRB is ahead on YTD performance.
Which ETF is larger by assets under management: XRB or RQP?
As of September 2, 2026, XRB manages $263.31 M in assets, while RQP manages $847.84 M. RQP is the larger fund by AUM.
How are XRB and RQP managed?
XRB is passively managed by iShares. It tracks the FTSE Canada Real Return 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 XRB and RQP emphasize?
XRB is most exposed to Sovereign and Municipal. RQP is most exposed to Finance, Utilities, and Energy.
Which ETF is attracting more investor flows: XRB or RQP?
Year to date, XRB has seen +$9.17 M in net flows, compared with +$32.03 M for RQP. RQP has attracted more net investor money so far.
How do the fees of XRB and RQP compare?
XRB has an expense ratio of 0.39%, while RQP has an expense ratio of 0.22%.
What are the top holdings of XRB and RQP?
XRB's largest holdings include Canada, RRB 4% 1dec2031, CAD, Canada, RRB 3% 1dec2036, CAD, and Canada, RRB 1.5% 1dec2044, 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: XRB or RQP?
XRB holds 13 securities, while RQP holds 40. On holdings count, RQP is the more diversified portfolio.
Recent articles about XRB 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.