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Compare iShares 0-5 Year TIPS Bond Index ETF (XSTP) vs Mackenzie US TIPS Index ETF (QTIP) to find the best fit for your portfolio. XSTP provides Sovereign and Non-Corporate exposures, while QTIP is primarily weighted in Sovereign. When evaluating costs, XSTP features a management fee (MER) of 0.15%, compared to 0.15% for QTIP. Performance-wise, XSTP has returned 2.9% year-to-date with +$28 M in net flows, whereas QTIP is at 1.5% with -$12 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
XSTP
QTIP
| AuM | $138.50 M | $383.19 M |
| Management Fees | 0.15% | 0.15% |
| Exp. ratio | 0.13% | 0.17% |
| Tracking Difference | -0.06% | -0.09% |
Historical performance and flows
As of September 1, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | XSTP | -1.40% | -0.03% | +2.90% | +2.61% | +17.31% |
QTIP | -1.29% | -2.48% | -1.50% | -1.52% | +7.14% | |
| Flows | XSTP | +$17 M | +$20 M | +$28 M | +$34 M | +$72 M |
QTIP | +$3 M | +$3 M | -$12 M | +$27 M | -$0 M |
XSTP vs QTIP exposure
Countries
XSTP
USA
99.94%
QTIP
USA
100.00%
Sectors
XSTP
Sovereign
95.65%
QTIP
Sovereign
100.00%
As of September 1, 2026
Top 10 Holdings
XSTP
USA, TIPS 1.125% 15oct2030, USD (AE-2030)
5.38%
USA, TIPS 1.25% 15apr2031, USD (X-2031)
5.33%
USA, TIPS 1.625% 15apr2030, USD (X-2030)
5.31%
USA, TIPS 1.625% 15oct2029, USD (AE-2029)
5.19%
USA, TIPS 2.125% 15apr2029, USD (X-2029)
5.02%
USA, TIPS 2.375% 15oct2028, USD (AE-2028)
5.00%
USA, TIPS 1.625% 15oct2027, USD (AE-2027)
4.85%
USA, TIPS 0.125% 15apr2027, USD (X-2027)
4.74%
USA, TIPS 1.25% 15apr2028, USD (X-2028)
4.72%
USA, TIPS 0.125% 15oct2026, USD (AE-2026)
4.70%
QTIP
USA, TIPS 1.875% 15jul2034, USD (D-2034)
5.31%
USA, TIPS 1.875% 15jul2035, USD (D-2035)
5.13%
USA, TIPS 0.125% 15jan2031, USD (A-2031)
5.11%
USA, TIPS 0.125% 15jul2031, USD (D-2031)
5.01%
USA, TIPS 1.75% 15jan2034, USD (A-2034)
4.83%
USA, TIPS 2.125% 15jan2035, USD (A-2035)
4.73%
USA, TIPS 0.875% 15jan2029, USD (A-2029)
4.38%
USA, TIPS 1.625% 15oct2027, USD (AE-2027)
4.26%
USA, TIPS 0.5% 15jan2028, USD (A-2028)
3.82%
USA, TIPS 1.25% 15apr2028, USD (X-2028)
3.75%
Diversification
XSTP
Total weight of top 10 holdings out of 25 total
50.24%
QTIP
Total weight of top 10 holdings out of 45 total
46.33%
Characteristics
Compare
XSTP
QTIP
| Provider | iShares | Mackenzie Investments |
| Management | Passively managed | Passively managed |
| Benchmark | Bloomberg U.S. Treasury TIPS 0-5 Years - CAD | Solactive US Treasury Inflation-Linked Bond Hedged to CAD TR Index - CAD |
| Replication Method | Direct (Physical) | |
| Asset Class | Fixed Income | Fixed Income |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 5.51% | 4.99% |
| Meets ESG criteria | No | No |
| Inception Date | July 12, 2021 | January 24, 2018 |
Frequently asked questions about XSTP and QTIP
Which ETF has performed better year to date: XSTP or QTIP?
As of September 1, 2026, XSTP has returned 2.90% year to date, while QTIP has returned -1.50%. XSTP is ahead on YTD performance.
Which ETF is larger by assets under management: XSTP or QTIP?
As of September 1, 2026, XSTP manages $138.50 M in assets, while QTIP manages $383.19 M. QTIP is the larger fund by AUM.
How are XSTP and QTIP managed?
XSTP is passively managed by iShares. It tracks the Bloomberg U.S. Treasury TIPS 0-5 Years - CAD benchmark. QTIP is passively managed by Mackenzie Investments. It tracks the Solactive US Treasury Inflation-Linked Bond Hedged to CAD TR Index - CAD benchmark.
What sectors do XSTP and QTIP emphasize?
XSTP is most exposed to Sovereign and Non-Corporate. QTIP is most exposed to Sovereign.
Which ETF is attracting more investor flows: XSTP or QTIP?
Year to date, XSTP has seen +$28.30 M in net flows, compared with -$11.81 M for QTIP. XSTP has attracted more net investor money so far.
How do the fees of XSTP and QTIP compare?
XSTP has an expense ratio of 0.13%, while QTIP has an expense ratio of 0.17%.
What are the top holdings of XSTP and QTIP?
XSTP's largest holdings include USA, TIPS 1.125% 15oct2030, USD (AE-2030), USA, TIPS 1.25% 15apr2031, USD (X-2031), and USA, TIPS 1.625% 15apr2030, USD (X-2030). QTIP's top holdings include USA, TIPS 1.875% 15jul2034, USD (D-2034), USA, TIPS 1.875% 15jul2035, USD (D-2035), and USA, TIPS 0.125% 15jan2031, USD (A-2031).
Which ETF is more diversified: XSTP or QTIP?
XSTP holds 25 securities, while QTIP holds 45. On holdings count, QTIP is the more diversified portfolio.
Recent articles about XSTP and QTIP
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