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Compare iShares ESG Advanced 1-5 Year Canadian Corporate Bond Index ETF (XSHG) vs Mackenzie Canadian All Corporate Bond Index ETF (QCB) to find the best fit for your portfolio. XSHG provides Finance, Telecommunications, and Consumer Non-Cyclicals exposures, while QCB is primarily weighted in Finance, Utilities, and Energy. When evaluating costs, XSHG features a management fee (MER) of 0.15%, compared to 0.14% for QCB. Performance-wise, XSHG has returned 1.12% year-to-date with +$35 M in net flows, whereas QCB is at 0.32% 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
XSHG
QCB
| AuM | $74.01 M | $619.25 M |
| Management Fees | 0.15% | 0.14% |
| Exp. ratio | 0.17% | 0.15% |
| Tracking Difference | -0.17% | -0.05% |
Historical performance and flows
As of September 1, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | XSHG | -0.37% | -0.05% | +1.12% | +2.54% | +17.90% |
QCB | -1.09% | -1.37% | +0.32% | +2.54% | +17.68% | |
| Flows | XSHG | +$8 M | +$18 M | +$35 M | +$41 M | +$65 M |
QCB | +$19 M | +$50 M | +$62 M | -$34 M | +$201 M |
XSHG vs QCB exposure
Countries
XSHG
Canada
87.86%
USA
9.43%
QCB
Canada
88.90%
USA
9.40%
Sectors
XSHG
Finance
72.71%
Telecommunications
11.07%
Other
16.22%
QCB
Finance
44.21%
Utilities
16.68%
Energy
13.36%
Industrials
7.31%
Other
18.44%
As of September 1, 2026
Top 10 Holdings
XSHG
Bank of Nova Scotia, 3.61% 30jan2032, CAD
1.86%
CIBC, 3.65% 13jan2032, CAD
1.57%
Bank of Nova Scotia, 3.734% 27jun2031, CAD
1.54%
Bank of Montreal, 4.709% 7dec2027, CAD
1.36%
Bank of Montreal, 3.19% 1mar2028, CAD
1.33%
Bank of Montreal, 4.537% 18dec2028, CAD
1.16%
Bank of Nova Scotia, 3.807% 15nov2028, CAD
1.11%
Bank of Montreal, 5.039% 29may2028, CAD
1.11%
Bank of Nova Scotia, 4.68% 1feb2029, CAD
1.10%
Bank of Montreal, 4.42% 17jul2029, CAD
1.10%
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
XSHG
Total weight of top 10 holdings out of 219 total
13.23%
QCB
Total weight of top 10 holdings out of 729 total
7.27%
Characteristics
Compare
XSHG
QCB
| Provider | iShares | Mackenzie Investments |
| Management | Passively managed | Passively managed |
| Benchmark | Bloomberg MSCI 1-5 year 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 | 3.79% | 4.22% |
| Meets ESG criteria | Yes | No |
| Inception Date | August 6, 2021 | January 29, 2018 |
Frequently asked questions about XSHG and QCB
Which ETF has performed better year to date: XSHG or QCB?
As of September 1, 2026, XSHG has returned 1.12% year to date, while QCB has returned 0.32%. XSHG is ahead on YTD performance.
Which ETF is larger by assets under management: XSHG or QCB?
As of September 1, 2026, XSHG manages $74.01 M in assets, while QCB manages $619.25 M. QCB is the larger fund by AUM.
How are XSHG and QCB managed?
XSHG is passively managed by iShares. It tracks the Bloomberg MSCI 1-5 year 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 XSHG and QCB emphasize?
XSHG is most exposed to Finance, Telecommunications, and Consumer Non-Cyclicals. QCB is most exposed to Finance, Utilities, and Energy.
Which ETF is attracting more investor flows: XSHG or QCB?
Year to date, XSHG has seen +$35.41 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 XSHG and QCB compare?
XSHG has an expense ratio of 0.17%, while QCB has an expense ratio of 0.15%.
What are the top holdings of XSHG and QCB?
XSHG's largest holdings include Bank of Nova Scotia, 3.61% 30jan2032, CAD, CIBC, 3.65% 13jan2032, CAD, and Bank of Nova Scotia, 3.734% 27jun2031, 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: XSHG or QCB?
XSHG holds 219 securities, while QCB holds 729. On holdings count, QCB is the more diversified portfolio.
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