VS
BMO Corporate Discount Bond ETF (ZCDB) and RBC Canadian Discount Bond ETF (RCDB) offer distinct profiles for Canadian ETF investors. A direct comparison shows that ZCDB focuses its top 3 sector exposures on Finance, Energy, and Telecommunications, while RCDB leans towards Finance, Municipal, and Sovereign. When evaluating costs, ZCDB features a management fee (MER) of 0.15%, compared to 0.15% for RCDB. Performance-wise, ZCDB has returned 0.79% year-to-date with +$275 M in net flows, whereas RCDB is at 0.86% with +$139 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
ZCDB
RCDB
| AuM | $327.62 M | $1,395.03 M |
| Management Fees | 0.15% | 0.15% |
| Exp. ratio | 0.17% | 0.17% |
| Tracking Difference | - | - |
Historical performance and flows
As of October 19, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZCDB | -0.02% | -0.49% | +0.79% | +0.43% | +19.71% |
RCDB | +0.00% | -0.38% | +0.86% | +0.70% | +15.13% | |
| Flows | ZCDB | +$267 M | +$252 M | +$275 M | +$291 M | +$288 M |
RCDB | -$34 M | -$10 M | +$139 M | +$157 M | +$339 M |
ZCDB vs RCDB exposure
Countries
ZCDB
Canada
100.00%
RCDB
Canada
99.08%
Sectors
ZCDB
Finance
60.50%
Energy
14.51%
Telecommunications
8.46%
Other
16.54%
RCDB
Finance
32.14%
Municipal
16.92%
Sovereign
16.13%
Utilities
7.90%
Government Agencies
7.17%
Other
19.73%
As of October 19, 2026
Top 10 Holdings
ZCDB
Sun Life Financial, 2.06% 1oct2035, CAD (2020-2)
9.59%
Toronto-Dominion Bank, 1.896% 11sep2028, CAD
8.75%
Enbridge, 3.1% 21sep2033, CAD
6.55%
Sun Life Financial, 2.8% 21nov2033, CAD (2021-2)
6.30%
Royal Bank of Canada, 1.833% 31jul2028, CAD
6.27%
CGI Inc., 2.1% 18sep2028, CAD
6.23%
North West Redwater Partnership, 2.8% 1jun2031, CAD (N)
6.11%
Allied Properties REIT, 3.095% 6feb2032, CAD
5.82%
Intact Financial, 1.928% 16dec2030, CAD
5.43%
TELUS, 2.05% 7oct2030, CAD
4.81%
RCDB
Canada, Bond 2 1jun2028 10Y
4.51%
Canada, Bond 0.5 1oct2030 10Y
3.70%
CMHC, 2.35% 15mar2028, CAD (80)
3.42%
Province of Ontario, 1.55% 1nov2029, CAD (DMTN251)
3.40%
Bell Canada, 1.65% 16aug2027, CAD (M-53)
2.24%
Province of Quebec, 1.9% 1sep2030, CAD (B127)
2.05%
CMHC, 1.75% 15jun2030, CAD (92)
2.02%
Royal Bank of Canada, 3.572% 9dec2031, CAD
1.92%
Hydro-Quebec, 2% 1sep2028, CAD (0082)
1.88%
Canada, Bonds 1.5% 1dec2031 10Y
1.78%
Diversification
ZCDB
Total weight of top 10 holdings out of 25 total
65.87%
RCDB
Total weight of top 10 holdings out of 111 total
26.91%
Characteristics
Compare
ZCDB
RCDB
| Provider | BMO | RBC Global Asset Management |
| Management | Actively managed | Actively managed |
| Benchmark | - | - |
| Replication Method | - | - |
| Asset Class | Fixed Income | Fixed Income |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 2.08% | 2.27% |
| Meets ESG criteria | No | No |
| Inception Date | January 17, 2022 | June 12, 2019 |
Frequently asked questions about ZCDB and RCDB
Which ETF has performed better year to date: ZCDB or RCDB?
As of October 19, 2026, ZCDB has returned 0.79% year to date, while RCDB has returned 0.86%. RCDB is ahead on YTD performance.
Which ETF is larger by assets under management: ZCDB or RCDB?
As of October 19, 2026, ZCDB manages $327.62 M in assets, while RCDB manages $1.40 B. RCDB is the larger fund by AUM.
How are ZCDB and RCDB managed?
ZCDB is actively managed by BMO. It does not track an index. RCDB is actively managed by RBC Global Asset Management. It does not track an index.
What sectors do ZCDB and RCDB emphasize?
ZCDB is most exposed to Finance, Energy, and Telecommunications. RCDB is most exposed to Finance, Municipal, and Sovereign.
Which ETF is attracting more investor flows: ZCDB or RCDB?
Year to date, ZCDB has seen +$274.99 M in net flows, compared with +$139.16 M for RCDB. ZCDB has attracted more net investor money so far.
How do the fees of ZCDB and RCDB compare?
ZCDB has an expense ratio of 0.17%, while RCDB has an expense ratio of 0.17%.
What are the top holdings of ZCDB and RCDB?
ZCDB's largest holdings include Sun Life Financial, 2.06% 1oct2035, CAD (2020-2), Toronto-Dominion Bank, 1.896% 11sep2028, CAD, and Enbridge, 3.1% 21sep2033, CAD. RCDB's top holdings include Canada, Bond 2 1jun2028 10Y, Canada, Bond 0.5 1oct2030 10Y, and CMHC, 2.35% 15mar2028, CAD (80).
Which ETF is more diversified: ZCDB or RCDB?
ZCDB holds 25 securities, while RCDB holds 111. On holdings count, RCDB is the more diversified portfolio.
Recent articles about ZCDB and RCDB
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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.