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iShares 0-5 Year TIPS Bond Index ETF (XSTP) and Mackenzie US Government Long Bond Index ETF (QTLT) offer distinct profiles for Canadian ETF investors. A direct comparison shows that XSTP focuses its top 3 sector exposures on Sovereign and Non-Corporate, while QTLT leans towards Sovereign. When evaluating costs, XSTP features a management fee (MER) of 0.15%, compared to 0.18% for QTLT. Performance-wise, XSTP has returned 4.92% year-to-date with +$64 M in net flows, whereas QTLT is at 2.07% with +$35 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
QTLT
| AuM | $176.99 M | $159.90 M |
| Management Fees | 0.15% | 0.18% |
| Exp. ratio | 0.11% | 0.20% |
| Tracking Difference | -0.13% | -0.37% |
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% |
QTLT | +1.41% | -2.94% | -2.07% | -6.90% | - | |
| Flows | XSTP | +$30 M | +$52 M | +$64 M | +$66 M | +$108 M |
QTLT | +$0 M | +$11 M | +$35 M | +$41 M | - |
XSTP vs QTLT exposure
Countries
XSTP
USA
99.97%
QTLT
USA
100.04%
Sectors
XSTP
Sovereign
99.88%
QTLT
Sovereign
100.04%
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%
QTLT
USA, Bonds 2% 15aug2051, USD
13.05%
USA, Bonds 2.25% 15feb2052, USD
7.04%
USA, Bonds 2.375% 15may2051, USD
6.05%
USA, Bonds 4.25% 15feb2054, USD
5.58%
USA, Bonds 4.25% 15aug2054, USD
5.48%
USA, Bonds 4.75% 15aug2055, USD
5.41%
USA, Bonds 1.625% 15nov2050, USD
5.40%
USA, Bonds 1.875% 15nov2051, USD
5.33%
USA, Bonds 2.875% 15may2049, USD
5.33%
USA, Bonds 4.75% 15feb2056, USD
3.88%
Diversification
XSTP
Total weight of top 10 holdings out of 26 total
49.74%
QTLT
Total weight of top 10 holdings out of 33 total
62.54%
Characteristics
Compare
XSTP
QTLT
| Provider | iShares | Mackenzie Investments |
| Management | Passively managed | Passively managed |
| Benchmark | Bloomberg U.S. Treasury TIPS 0-5 Years - CAD | Solactive US 20+ Year Treasury Bond CAD GTR Index - CAD |
| Replication Method | Other | Direct (Physical) |
| Asset Class | Fixed Income | Fixed Income |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 4.98% | 3.94% |
| Meets ESG criteria | No | No |
| Inception Date | July 12, 2021 | November 20, 2023 |
Frequently asked questions about XSTP and QTLT
Which ETF has performed better year to date: XSTP or QTLT?
As of October 15, 2026, XSTP has returned 4.92% year to date, while QTLT has returned -2.07%. XSTP is ahead on YTD performance.
Which ETF is larger by assets under management: XSTP or QTLT?
As of October 15, 2026, XSTP manages $176.99 M in assets, while QTLT manages $159.90 M. XSTP is the larger fund by AUM.
How are XSTP and QTLT managed?
XSTP is passively managed by iShares. It tracks the Bloomberg U.S. Treasury TIPS 0-5 Years - CAD benchmark. QTLT is passively managed by Mackenzie Investments. It tracks the Solactive US 20+ Year Treasury Bond CAD GTR Index - CAD benchmark.
What sectors do XSTP and QTLT emphasize?
XSTP is most exposed to Sovereign and Non-Corporate. QTLT is most exposed to Sovereign.
Which ETF is attracting more investor flows: XSTP or QTLT?
Year to date, XSTP has seen +$63.70 M in net flows, compared with +$34.87 M for QTLT. XSTP has attracted more net investor money so far.
How do the fees of XSTP and QTLT compare?
XSTP has an expense ratio of 0.11%, while QTLT has an expense ratio of 0.20%.
What are the top holdings of XSTP and QTLT?
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). QTLT's top holdings include USA, Bonds 2% 15aug2051, USD, USA, Bonds 2.25% 15feb2052, USD, and USA, Bonds 2.375% 15may2051, USD.
Which ETF is more diversified: XSTP or QTLT?
XSTP holds 26 securities, while QTLT holds 33. On holdings count, QTLT is the more diversified portfolio.
Recent articles about XSTP and QTLT
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