VS
iShares Core Canadian Short Term Corporate + Maple Bond Index ETF (XSH) and Mackenzie Canadian All Corporate Bond Index ETF (QCB) offer distinct profiles for Canadian ETF investors. A direct comparison shows that XSH focuses its top 3 sector exposures on Finance, Energy, and Utilities, while QCB leans towards Finance, Utilities, and Energy. When evaluating costs, XSH features a management fee (MER) of 0.09%, compared to 0.14% for QCB. Performance-wise, XSH has returned 0.79% year-to-date with +$795 M in net flows, whereas QCB is at 0.3% 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
XSH
QCB
| AuM | $2,941.82 M | $613.30 M |
| Management Fees | 0.09% | 0.14% |
| Exp. ratio | 0.10% | 0.15% |
| Tracking Difference | -0.12% | -0.05% |
Historical performance and flows
As of September 14, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | XSH | -0.73% | -0.71% | +0.79% | +1.60% | +17.98% |
QCB | -1.15% | -2.14% | -0.30% | +0.34% | +17.61% | |
| Flows | XSH | +$252 M | +$534 M | +$795 M | +$1,299 M | +$1,814 M |
QCB | +$0 M | +$48 M | +$62 M | -$32 M | +$199 M |
XSH vs QCB exposure
Countries
XSH
Canada
89.67%
USA
7.53%
QCB
Canada
88.90%
USA
9.40%
Sectors
XSH
Finance
63.09%
Energy
8.24%
Other
28.67%
QCB
Finance
44.21%
Utilities
16.68%
Energy
13.36%
Industrials
7.31%
Other
18.44%
As of September 14, 2026
Top 10 Holdings
XSH
Bank of Nova Scotia, 3.61% 30jan2032, CAD
0.88%
Royal Bank of Canada, 3.572% 9dec2031, CAD
0.85%
CIBC, 3.65% 13jan2032, CAD
0.75%
Bank of Nova Scotia, 3.734% 27jun2031, CAD
0.72%
Toronto-Dominion Bank, 3.687% 9jan2032, CAD
0.72%
Royal Bank of Canada, 4.632% 1may2028, CAD
0.70%
Amazon.com, 3.7% 12jun2031, CAD
0.69%
Bank of Montreal, 3.19% 1mar2028, CAD
0.68%
Bank of Montreal, 4.709% 7dec2027, CAD
0.68%
Toronto-Dominion Bank, 3.605% 10sep2031, CAD
0.67%
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
XSH
Total weight of top 10 holdings out of 639 total
7.35%
QCB
Total weight of top 10 holdings out of 729 total
7.27%
Characteristics
Compare
XSH
QCB
| Provider | iShares | Mackenzie Investments |
| Management | Passively managed | Passively managed |
| Benchmark | FTSE Canada Universe + Maple Short Term Corporate Bond TR 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 | 3.99% | 4.25% |
| Meets ESG criteria | No | No |
| Inception Date | September 13, 2011 | January 29, 2018 |
Frequently asked questions about XSH and QCB
Which ETF has performed better year to date: XSH or QCB?
As of September 14, 2026, XSH has returned 0.79% year to date, while QCB has returned -0.30%. XSH is ahead on YTD performance.
Which ETF is larger by assets under management: XSH or QCB?
As of September 14, 2026, XSH manages $2.94 B in assets, while QCB manages $613.30 M. XSH is the larger fund by AUM.
How are XSH and QCB managed?
XSH is passively managed by iShares. It tracks the FTSE Canada Universe + Maple Short Term Corporate Bond TR Index - CAD benchmark. QCB is passively managed by Mackenzie Investments. It tracks the Solactive Canadian Corporate Bond Index - CAD benchmark.
What sectors do XSH and QCB emphasize?
XSH is most exposed to Finance, Energy, and Utilities. QCB is most exposed to Finance, Utilities, and Energy.
Which ETF is attracting more investor flows: XSH or QCB?
Year to date, XSH has seen +$794.75 M in net flows, compared with +$62.42 M for QCB. XSH has attracted more net investor money so far.
How do the fees of XSH and QCB compare?
XSH has an expense ratio of 0.10%, while QCB has an expense ratio of 0.15%.
What are the top holdings of XSH and QCB?
XSH's largest holdings include Bank of Nova Scotia, 3.61% 30jan2032, CAD, Royal Bank of Canada, 3.572% 9dec2031, 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: XSH or QCB?
XSH holds 639 securities, while QCB holds 729. On holdings count, QCB is the more diversified portfolio.
Recent articles about XSH and QCB
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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.