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Compare iShares 20+ Year U.S. Treasury Bond Index ETF (XTLT) vs Mackenzie US Government Long Bond Index ETF (QTLT) to find the best fit for your portfolio. XTLT provides Sovereign and Non-Corporate exposures, while QTLT is primarily weighted in Sovereign. When evaluating costs, XTLT features a management fee (MER) of 0.18%, compared to 0.18% for QTLT. Performance-wise, XTLT has returned 3.16% year-to-date with -$22 M in net flows, whereas QTLT is at 3.62% 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
XTLT
QTLT
| AuM | $95.66 M | $157.84 M |
| Management Fees | 0.18% | 0.18% |
| Exp. ratio | 0.18% | 0.20% |
| Tracking Difference | - | -0.37% |
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% |
QTLT | -1.68% | -5.52% | -3.62% | -6.28% | - | |
| Flows | XTLT | +$19 M | +$21 M | -$22 M | -$19 M | +$92 M |
QTLT | +$0 M | +$17 M | +$35 M | +$41 M | - |
XTLT vs QTLT exposure
Countries
XTLT
USA
99.91%
QTLT
USA
100.07%
Sectors
XTLT
Sovereign
99.91%
QTLT
Sovereign
100.07%
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%
QTLT
USA, Bonds 2% 15aug2051, USD
13.48%
USA, Bonds 2.25% 15feb2052, USD
7.28%
USA, Bonds 2.375% 15may2051, USD
6.25%
USA, Bonds 4.25% 15feb2054, USD
5.77%
USA, Bonds 4.25% 15aug2054, USD
5.67%
USA, Bonds 1.625% 15nov2050, USD
5.57%
USA, Bonds 1.875% 15nov2051, USD
5.50%
USA, Bonds 2.875% 15may2049, USD
5.50%
USA, Bonds 4.75% 15feb2056, USD
4.02%
USA, Bonds 1.875% 15feb2051, USD
3.60%
Diversification
XTLT
Total weight of top 10 holdings out of 47 total
41.95%
QTLT
Total weight of top 10 holdings out of 33 total
62.65%
Characteristics
Compare
XTLT
QTLT
| Provider | iShares | Mackenzie Investments |
| Management | Passively managed | Passively managed |
| Benchmark | ICE U.S. Treasury 20+ Year Total Return Index - USD | 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 | 5.06% | 3.97% |
| Meets ESG criteria | No | No |
| Inception Date | February 7, 2023 | November 20, 2023 |
Frequently asked questions about XTLT and QTLT
Which ETF has performed better year to date: XTLT or QTLT?
As of September 11, 2026, XTLT has returned -3.16% year to date, while QTLT has returned -3.62%. XTLT is ahead on YTD performance.
Which ETF is larger by assets under management: XTLT or QTLT?
As of September 11, 2026, XTLT manages $95.66 M in assets, while QTLT manages $157.84 M. QTLT is the larger fund by AUM.
How are XTLT and QTLT managed?
XTLT is passively managed by iShares. It tracks the ICE U.S. Treasury 20+ Year Total Return Index - USD 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 XTLT and QTLT emphasize?
XTLT is most exposed to Sovereign and Non-Corporate. QTLT is most exposed to Sovereign.
Which ETF is attracting more investor flows: XTLT or QTLT?
Year to date, XTLT has seen -$22.46 M in net flows, compared with +$34.87 M for QTLT. QTLT has attracted more net investor money so far.
How do the fees of XTLT and QTLT compare?
XTLT has an expense ratio of 0.18%, while QTLT has an expense ratio of 0.20%.
What are the top holdings of XTLT and QTLT?
XTLT's largest holdings include USA, Bonds 4.125% 15aug2053, USD, USA, Bonds 4.75% 15nov2053, USD, and USA, Bonds 4.75% 15may2055, 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: XTLT or QTLT?
XTLT holds 47 securities, while QTLT holds 33. On holdings count, XTLT is the more diversified portfolio.
Recent articles about XTLT and QTLT
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