VS
Compare iShares 20+ Year U.S. Treasury Bond Index ETF (CAD-Hedged) (XTLH) vs Mackenzie US Government Long Bond Index ETF (QTLT) to find the best fit for your portfolio. XTLH provides Sovereign and Non-Corporate exposures, while QTLT is primarily weighted in Sovereign. When evaluating costs, XTLH features a management fee (MER) of 0.18%, compared to 0.18% for QTLT. Performance-wise, XTLH has returned 6.62% year-to-date with +$75 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
XTLH
QTLT
| AuM | $332.04 M | $159.90 M |
| Management Fees | 0.18% | 0.18% |
| Exp. ratio | 0.18% | 0.20% |
| Tracking Difference | - | -0.37% |
Historical performance and flows
As of October 15, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | XTLH | -0.93% | -4.34% | -6.62% | -10.21% | -0.05% |
QTLT | +1.41% | -2.94% | -2.07% | -6.90% | - | |
| Flows | XTLH | +$66 M | +$65 M | +$75 M | +$48 M | +$325 M |
QTLT | +$0 M | +$11 M | +$35 M | +$41 M | - |
XTLH vs QTLT exposure
Countries
XTLH
USA
99.41%
QTLT
USA
100.04%
Sectors
XTLH
Sovereign
98.32%
QTLT
Sovereign
100.04%
As of October 15, 2026
Top 10 Holdings
XTLH
USA, Bonds 4.75% 15may2055, USD
4.50%
USA, Bonds 4.625% 15may2054, USD
4.27%
USA, Bonds 4.125% 15aug2053, USD
4.18%
USA, Bonds 4.75% 15feb2056, USD
4.13%
USA, Bonds 4.25% 15feb2054, USD
4.03%
USA, Bonds 5% 15may2056, USD
4.02%
USA, Bonds 4.75% 15nov2053, USD
3.97%
USA, Bonds 4.25% 15aug2054, USD
3.94%
USA, Bonds 4.625% 15nov2055, USD
3.84%
USA, Bonds 4.625% 15feb2055, USD
3.80%
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
XTLH
Total weight of top 10 holdings out of 48 total
40.68%
QTLT
Total weight of top 10 holdings out of 33 total
62.54%
Characteristics
Compare
XTLH
QTLT
| Provider | iShares | Mackenzie Investments |
| Management | Passively managed | Passively managed |
| Benchmark | ICE U.S. Treasury 20+ Year Bond Index - CAD Hedged | Solactive US 20+ Year Treasury Bond CAD GTR Index - CAD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Fixed Income | Fixed Income |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 4.67% | 3.94% |
| Meets ESG criteria | No | No |
| Inception Date | February 7, 2023 | November 20, 2023 |
Frequently asked questions about XTLH and QTLT
Which ETF has performed better year to date: XTLH or QTLT?
As of October 15, 2026, XTLH has returned -6.62% year to date, while QTLT has returned -2.07%. QTLT is ahead on YTD performance.
Which ETF is larger by assets under management: XTLH or QTLT?
As of October 15, 2026, XTLH manages $332.04 M in assets, while QTLT manages $159.90 M. XTLH is the larger fund by AUM.
How are XTLH and QTLT managed?
XTLH is passively managed by iShares. It tracks the ICE U.S. Treasury 20+ Year Bond Index - CAD Hedged 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 XTLH and QTLT emphasize?
XTLH is most exposed to Sovereign and Non-Corporate. QTLT is most exposed to Sovereign.
Which ETF is attracting more investor flows: XTLH or QTLT?
Year to date, XTLH has seen +$74.65 M in net flows, compared with +$34.87 M for QTLT. XTLH has attracted more net investor money so far.
How do the fees of XTLH and QTLT compare?
XTLH has an expense ratio of 0.18%, while QTLT has an expense ratio of 0.20%.
What are the top holdings of XTLH and QTLT?
XTLH's largest holdings include USA, Bonds 4.75% 15may2055, USD, USA, Bonds 4.625% 15may2054, USD, and USA, Bonds 4.125% 15aug2053, USD. 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: XTLH or QTLT?
XTLH holds 48 securities, while QTLT holds 33. On holdings count, XTLH is the more diversified portfolio.
Recent articles about XTLH and QTLT
The ETF Market Canada is brought to you by Cboe in partnership with Trackinsight SA who is providing all the data, analysis and editorial content on this site. Unless explicitly stated as such, any information that you receive is not real-time.
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.
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.