VS
BMO Mid Provincial Bond Index ETF (ZMP) and RBC Target 2027 Canadian Corporate Bond Index ETF (RQP) offer distinct profiles for Canadian ETF investors. A direct comparison shows that ZMP focuses its top 3 sector exposures on Municipal, while RQP leans towards Finance, Utilities, and Energy. When evaluating costs, ZMP features a management fee (MER) of 0.25%, compared to 0.2% for RQP. Performance-wise, ZMP has returned 0.39% year-to-date with +$126 M in net flows, whereas RQP is at 1.65% with +$32 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
ZMP
RQP
| AuM | $832.40 M | $847.84 M |
| Management Fees | 0.25% | 0.20% |
| Exp. ratio | 0.28% | 0.22% |
| Tracking Difference | - | - |
Historical performance and flows
As of September 3, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZMP | -1.17% | -1.12% | +0.39% | +1.92% | +16.38% |
RQP | +0.12% | +0.62% | +1.65% | +2.83% | +18.55% | |
| Flows | ZMP | +$31 M | +$24 M | +$126 M | +$389 M | +$508 M |
RQP | +$7 M | +$33 M | +$32 M | +$30 M | +$573 M |
ZMP vs RQP exposure
Countries
ZMP
Canada
100.00%
RQP
Canada
99.97%
Sectors
ZMP
Municipal
100.00%
RQP
Finance
72.05%
Other
27.95%
As of September 3, 2026
Top 10 Holdings
ZMP
Province of Ontario, 3.6% 2jun2035, CAD
11.87%
Province of Ontario, 3.65% 2jun2033, CAD (DMTN258)
11.42%
Province of Quebec, 3.6% 1sep2033, CAD (B135)
11.34%
Province of Ontario, 3.75% 2jun2032, CAD (DMTN254)
10.11%
Province of Quebec, 3.25% 1sep2032, CAD (B131)
9.11%
British Columbia, 4% 18jun2035, CAD (BCCD-48)
7.17%
Province of Quebec, 4.45% 1sep2034, CAD (B136)
6.69%
Province of Ontario, 4.15% 2jun2034, CAD (DMTN262)
5.12%
Manitoba, 4.25% 2jun2034, CAD
2.94%
Province of Quebec, 4% 1sep2035, CAD (B138)
2.86%
RQP
Royal Bank of Canada, 3.626% 10dec2028, CAD
7.04%
Bank of Nova Scotia, 3.807% 15nov2028, CAD
5.55%
Bank of Montreal, 4.309% 1jun2027, CAD
4.49%
Federation des caisses Desjardins du Quebec, 4.407% 19may2027, CAD
4.40%
Toronto-Dominion Bank, 5.376% 21oct2027, CAD
4.15%
CIBC, 5.05% 7oct2027, CAD
3.95%
CIBC, 2.25% 7jan2027, CAD (7449)
2.82%
Enbridge, 5.7% 9nov2027, CAD
2.68%
Sun Life Financial, 2.58% 10may2032, CAD (2020-1)
2.67%
Manulife Bank of Canada, 2.864% 16feb2027, CAD
2.61%
Diversification
ZMP
Total weight of top 10 holdings out of 23 total
78.63%
RQP
Total weight of top 10 holdings out of 40 total
40.37%
Characteristics
Compare
ZMP
RQP
| Provider | BMO | RBC Global Asset Management |
| Management | Passively managed | Passively managed |
| Benchmark | FTSE Canada Mid Term Provincial Bond TR Index - CAD | FTSE Canada 2027 Maturity Corporate Bond Index - CAD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Fixed Income | Fixed Income |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 3.31% | 3.77% |
| Meets ESG criteria | No | No |
| Inception Date | March 19, 2013 | September 17, 2020 |
Frequently asked questions about ZMP and RQP
Which ETF has performed better year to date: ZMP or RQP?
As of September 3, 2026, ZMP has returned 0.39% year to date, while RQP has returned 1.65%. RQP is ahead on YTD performance.
Which ETF is larger by assets under management: ZMP or RQP?
As of September 3, 2026, ZMP manages $832.40 M in assets, while RQP manages $847.84 M. RQP is the larger fund by AUM.
How are ZMP and RQP managed?
ZMP is passively managed by BMO. It tracks the FTSE Canada Mid Term Provincial Bond TR Index - CAD benchmark. RQP is passively managed by RBC Global Asset Management. It tracks the FTSE Canada 2027 Maturity Corporate Bond Index - CAD benchmark.
What sectors do ZMP and RQP emphasize?
ZMP is most exposed to Municipal. RQP is most exposed to Finance, Utilities, and Energy.
Which ETF is attracting more investor flows: ZMP or RQP?
Year to date, ZMP has seen +$126.28 M in net flows, compared with +$32.03 M for RQP. ZMP has attracted more net investor money so far.
How do the fees of ZMP and RQP compare?
ZMP has an expense ratio of 0.28%, while RQP has an expense ratio of 0.22%.
What are the top holdings of ZMP and RQP?
ZMP's largest holdings include Province of Ontario, 3.6% 2jun2035, CAD, Province of Ontario, 3.65% 2jun2033, CAD (DMTN258), and Province of Quebec, 3.6% 1sep2033, CAD (B135). RQP's top holdings include Royal Bank of Canada, 3.626% 10dec2028, CAD, Bank of Nova Scotia, 3.807% 15nov2028, CAD, and Bank of Montreal, 4.309% 1jun2027, CAD.
Which ETF is more diversified: ZMP or RQP?
ZMP holds 23 securities, while RQP holds 40. On holdings count, RQP is the more diversified portfolio.
Recent articles about ZMP and RQP
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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.