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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 4.92% year-to-date with +$64 M in net flows, whereas QTIP is at 2.58% with +$6 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 | $176.99 M | $392.51 M |
| Management Fees | 0.15% | 0.15% |
| Exp. ratio | 0.11% | 0.17% |
| Tracking Difference | -0.13% | -0.11% |
Historical performance and flows
As of October 15, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | XSTP | +2.03% | +0.74% | +4.92% | +2.42% | +19.39% |
QTIP | -0.98% | -2.62% | -2.58% | -3.49% | +7.89% | |
| Flows | XSTP | +$30 M | +$52 M | +$64 M | +$66 M | +$108 M |
QTIP | +$6 M | +$19 M | +$6 M | +$45 M | +$16 M |
XSTP vs QTIP exposure
Countries
XSTP
USA
99.97%
QTIP
USA
100.00%
Sectors
XSTP
Sovereign
99.88%
QTIP
Sovereign
100.00%
As of October 15, 2026
Top 10 Holdings
XSTP
USA, TIPS 1.125% 15oct2030, USD (AE-2030)
5.41%
USA, TIPS 1.25% 15apr2031, USD (X-2031)
5.36%
USA, TIPS 1.625% 15apr2030, USD (X-2030)
5.34%
USA, TIPS 1.625% 15oct2029, USD (AE-2029)
5.05%
USA, TIPS 2.375% 15oct2028, USD (AE-2028)
4.94%
USA, TIPS 2.125% 15apr2029, USD (X-2029)
4.83%
USA, TIPS 1.625% 15oct2027, USD (AE-2027)
4.73%
USA, TIPS 0.125% 15oct2026, USD (AE-2026)
4.72%
USA, TIPS 1.25% 15apr2028, USD (X-2028)
4.69%
USA, TIPS 0.125% 15apr2027, USD (X-2027)
4.67%
QTIP
USA, TIPS 1.875% 15jul2035, USD (D-2035)
5.47%
USA, TIPS 0.125% 15jan2031, USD (A-2031)
5.39%
USA, TIPS 1.875% 15jul2034, USD (D-2034)
5.24%
USA, TIPS 0.125% 15jul2031, USD (D-2031)
4.95%
USA, TIPS 1.75% 15jan2034, USD (A-2034)
4.76%
USA, TIPS 2.125% 15jan2035, USD (A-2035)
4.67%
USA, TIPS 0.875% 15jan2029, USD (A-2029)
4.34%
USA, TIPS 0.5% 15jan2028, USD (A-2028)
3.78%
USA, TIPS 1.25% 15apr2028, USD (X-2028)
3.71%
USA, TIPS 0.125% 15jan2030, USD (A-2030)
3.43%
Diversification
XSTP
Total weight of top 10 holdings out of 26 total
49.74%
QTIP
Total weight of top 10 holdings out of 47 total
45.75%
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 | Other | Direct (Physical) |
| Asset Class | Fixed Income | Fixed Income |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 4.98% | 5.24% |
| 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 October 15, 2026, XSTP has returned 4.92% year to date, while QTIP has returned -2.58%. XSTP is ahead on YTD performance.
Which ETF is larger by assets under management: XSTP or QTIP?
As of October 15, 2026, XSTP manages $176.99 M in assets, while QTIP manages $392.51 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 +$63.70 M in net flows, compared with +$5.63 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 0.11%, 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% 15jul2035, USD (D-2035), USA, TIPS 0.125% 15jan2031, USD (A-2031), and USA, TIPS 1.875% 15jul2034, USD (D-2034).
Which ETF is more diversified: XSTP or QTIP?
XSTP holds 26 securities, while QTIP holds 47. On holdings count, QTIP is the more diversified portfolio.
Recent articles about XSTP and QTIP
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