VS
iShares 20+ Year U.S. Treasury Bond Index ETF (XTLT) and Mackenzie US TIPS Index ETF (QTIP) offer distinct profiles for Canadian ETF investors. A direct comparison shows that XTLT focuses its top 3 sector exposures on Sovereign and Non-Corporate, while QTIP leans towards Sovereign. When evaluating costs, XTLT features a management fee (MER) of 0.18%, compared to 0.15% for QTIP. Performance-wise, XTLT has returned 3.16% year-to-date with -$22 M in net flows, whereas QTIP is at 1.5% with -$1 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
XTLT
QTIP
| AuM | $95.66 M | $390.58 M |
| Management Fees | 0.18% | 0.15% |
| Exp. ratio | 0.18% | 0.17% |
| Tracking Difference | - | -0.09% |
Historical performance and flows
As of September 11, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | XTLT | -0.69% | -4.87% | -3.16% | -5.71% | +0.70% |
QTIP | -1.09% | -2.10% | -1.50% | -2.57% | +7.12% | |
| Flows | XTLT | +$19 M | +$21 M | -$22 M | -$19 M | +$92 M |
QTIP | +$13 M | +$13 M | -$1 M | +$35 M | +$9 M |
XTLT vs QTIP exposure
Countries
XTLT
USA
99.91%
QTIP
USA
100.00%
Sectors
XTLT
Sovereign
99.91%
QTIP
Sovereign
100.00%
As of September 11, 2026
Top 10 Holdings
XTLT
USA, Bonds 4.125% 15aug2053, USD
4.68%
USA, Bonds 4.75% 15nov2053, USD
4.55%
USA, Bonds 4.75% 15may2055, USD
4.51%
USA, Bonds 4.625% 15may2054, USD
4.45%
USA, Bonds 4.25% 15feb2054, USD
4.12%
USA, Bonds 4.75% 15feb2056, USD
4.04%
USA, Bonds 4.25% 15aug2054, USD
4.03%
USA, Bonds 3.625% 15may2053, USD
3.90%
USA, Bonds 4.625% 15feb2055, USD
3.89%
USA, Bonds 2% 15aug2051, USD
3.80%
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
XTLT
Total weight of top 10 holdings out of 47 total
41.95%
QTIP
Total weight of top 10 holdings out of 45 total
46.33%
Characteristics
Compare
XTLT
QTIP
| Provider | iShares | Mackenzie Investments |
| Management | Passively managed | Passively managed |
| Benchmark | ICE U.S. Treasury 20+ Year Total Return Index - USD | Solactive US Treasury Inflation-Linked Bond Hedged to CAD TR Index - CAD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Fixed Income | Fixed Income |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 5.06% | 5.62% |
| Meets ESG criteria | No | No |
| Inception Date | February 7, 2023 | January 24, 2018 |
Frequently asked questions about XTLT and QTIP
Which ETF has performed better year to date: XTLT or QTIP?
As of September 11, 2026, XTLT has returned -3.16% year to date, while QTIP has returned -1.50%. QTIP is ahead on YTD performance.
Which ETF is larger by assets under management: XTLT or QTIP?
As of September 11, 2026, XTLT manages $95.66 M in assets, while QTIP manages $390.58 M. QTIP is the larger fund by AUM.
How are XTLT and QTIP managed?
XTLT is passively managed by iShares. It tracks the ICE U.S. Treasury 20+ Year Total Return Index - USD 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 XTLT and QTIP emphasize?
XTLT is most exposed to Sovereign and Non-Corporate. QTIP is most exposed to Sovereign.
Which ETF is attracting more investor flows: XTLT or QTIP?
Year to date, XTLT has seen -$22.46 M in net flows, compared with -$0.67 M for QTIP. QTIP has attracted more net investor money so far.
How do the fees of XTLT and QTIP compare?
XTLT has an expense ratio of 0.18%, while QTIP has an expense ratio of 0.17%.
What are the top holdings of XTLT and QTIP?
XTLT's largest holdings include USA, Bonds 4.125% 15aug2053, USD, USA, Bonds 4.75% 15nov2053, USD, and USA, Bonds 4.75% 15may2055, USD. 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: XTLT or QTIP?
XTLT holds 47 securities, while QTIP holds 45. On holdings count, XTLT is the more diversified portfolio.
Recent articles about XTLT and QTIP
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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.