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Compare iShares ESG Canadian Aggregate Bond Index ETF (XSAB) vs Mackenzie Canadian Aggregate Bond Index ETF (QBB) to find the best fit for your portfolio. XSAB provides Sovereign, Municipal, and Finance exposures, while QBB is primarily weighted in Municipal, Sovereign, and Finance. When evaluating costs, XSAB features a management fee (MER) of 0.15%, compared to 0.07% for QBB. Performance-wise, XSAB has returned 0.03% year-to-date with +$39 M in net flows, whereas QBB is at 0.19% with +$305 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
XSAB
QBB
| AuM | $249.42 M | $1,575.63 M |
| Management Fees | 0.15% | 0.07% |
| Exp. ratio | 0.17% | 0.08% |
| Tracking Difference | - | -0.01% |
Historical performance and flows
As of October 27, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | XSAB | +0.80% | -1.23% | +0.03% | -1.45% | +14.50% |
QBB | +0.80% | -0.97% | +0.19% | -1.12% | +14.71% | |
| Flows | XSAB | +$12 M | +$12 M | +$39 M | +$50 M | +$131 M |
QBB | +$13 M | +$176 M | +$305 M | +$379 M | +$707 M |
XSAB vs QBB exposure
Countries
XSAB
Canada
94.58%
QBB
Canada
95.74%
Sectors
XSAB
Sovereign
34.69%
Municipal
27.97%
Finance
14.40%
Government Agencies
7.35%
Other
15.59%
QBB
Municipal
29.04%
Sovereign
28.72%
Finance
15.85%
Government Agencies
9.49%
Other
16.90%
As of October 27, 2026
Top 10 Holdings
XSAB
Canada, Bonds 2.75% 1mar2031, CAD
1.41%
Canada, Bonds 2.75% 1sep2030, CAD
1.40%
Canada, Bond 1.25 1jun2030 10Y
1.36%
Canada, Bonds 3.25% 1dec2035, CAD
1.34%
Canada, Bonds 3.25% 1jun2036, CAD
1.34%
Canada, Bond 1.5 1jun2031 10Y
1.32%
Canada, Bonds 3.25% 1jun2035, CAD
1.29%
Canada, Bond 0.5 1oct2030 10Y
1.22%
Canada, Bond 2 1jan2051 30Y
1.19%
Canada, Bonds 2.75% 1mar2030, CAD
1.13%
QBB
Canada, Bond 1.25 1jun2030 10Y
3.32%
Canada, Bond 1.5 1jun2031 10Y
2.36%
Canada, Bond 2 1jan2051 30Y
2.10%
Canada, Bond 0.5 1oct2030 10Y
1.85%
Province of Ontario, 4.6% 2jun2039, CAD (DMTN182)
1.82%
Province of Ontario, 3.75% 2jun2032, CAD (DMTN254)
1.65%
Canada, Bonds 3% 1jun2034, CAD
1.58%
Canada, Bonds 3.25% 1dec2034, CAD
1.47%
CMHC, 3.8% 15sep2036, CAD (133)
1.46%
Canada, Bonds 2.75% 1dec2055, CAD
1.24%
Diversification
XSAB
Total weight of top 10 holdings out of 743 total
12.98%
QBB
Total weight of top 10 holdings out of 1,189 total
18.85%
Characteristics
Compare
XSAB
QBB
| Provider | iShares | Mackenzie Investments |
| Management | Passively managed | Passively managed |
| Benchmark | Bloomberg MSCI Canadian Aggregate ESG Focus Index - USD | Solactive Canadian Float Adjusted Universe Bond Index - CAD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Fixed Income | Fixed Income |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 3.40% | 2.94% |
| Meets ESG criteria | Yes | No |
| Inception Date | March 18, 2019 | January 29, 2018 |
Frequently asked questions about XSAB and QBB
Which ETF has performed better year to date: XSAB or QBB?
As of October 27, 2026, XSAB has returned 0.03% year to date, while QBB has returned 0.19%. QBB is ahead on YTD performance.
Which ETF is larger by assets under management: XSAB or QBB?
As of October 27, 2026, XSAB manages $249.42 M in assets, while QBB manages $1.58 B. QBB is the larger fund by AUM.
How are XSAB and QBB managed?
XSAB is passively managed by iShares. It tracks the Bloomberg MSCI Canadian Aggregate ESG Focus Index - USD benchmark. QBB is passively managed by Mackenzie Investments. It tracks the Solactive Canadian Float Adjusted Universe Bond Index - CAD benchmark.
What sectors do XSAB and QBB emphasize?
XSAB is most exposed to Sovereign, Municipal, and Finance. QBB is most exposed to Municipal, Sovereign, and Finance.
Which ETF is attracting more investor flows: XSAB or QBB?
Year to date, XSAB has seen +$39.41 M in net flows, compared with +$305.49 M for QBB. QBB has attracted more net investor money so far.
How do the fees of XSAB and QBB compare?
XSAB has an expense ratio of 0.17%, while QBB has an expense ratio of 0.08%.
What are the top holdings of XSAB and QBB?
XSAB's largest holdings include Canada, Bonds 2.75% 1mar2031, CAD, Canada, Bonds 2.75% 1sep2030, CAD, and Canada, Bond 1.25 1jun2030 10Y. QBB's top holdings include Canada, Bond 1.25 1jun2030 10Y, Canada, Bond 1.5 1jun2031 10Y, and Canada, Bond 2 1jan2051 30Y.
Which ETF is more diversified: XSAB or QBB?
XSAB holds 742 securities, while QBB holds 1189. On holdings count, QBB is the more diversified portfolio.
Recent articles about XSAB and QBB
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