VS
Compare BMO Short-Term Discount Bond ETF (ZSDB) vs RBC Canadian Discount Bond ETF (RCDB) to find the best fit for your portfolio. ZSDB provides Finance, Sovereign, and Municipal exposures, while RCDB is primarily weighted in Finance, Municipal, and Sovereign. When evaluating costs, ZSDB features a management fee (MER) of 0.09%, compared to 0.15% for RCDB. Performance-wise, ZSDB has returned 0.83% year-to-date with +$67 M in net flows, whereas RCDB is at 0.94% 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
ZSDB
RCDB
| AuM | $317.78 M | $1,396.15 M |
| Management Fees | 0.09% | 0.15% |
| Exp. ratio | 0.10% | 0.17% |
| Tracking Difference | - | - |
Historical performance and flows
As of October 20, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZSDB | +0.10% | -0.31% | +0.83% | +0.64% | +15.20% |
RCDB | +0.08% | -0.30% | +0.94% | +0.78% | +14.99% | |
| Flows | ZSDB | +$7 M | +$16 M | +$67 M | +$86 M | +$246 M |
RCDB | -$34 M | -$10 M | +$139 M | +$157 M | +$339 M |
ZSDB vs RCDB exposure
Countries
ZSDB
Canada
100.00%
RCDB
Canada
99.08%
Sectors
ZSDB
Finance
40.27%
Sovereign
27.02%
Municipal
12.03%
Utilities
9.12%
Other
11.56%
RCDB
Finance
32.14%
Municipal
16.92%
Sovereign
16.13%
Utilities
7.90%
Government Agencies
7.17%
Other
19.73%
As of October 20, 2026
Top 10 Holdings
ZSDB
Canada, Bond 0.5 1oct2030 10Y
13.05%
Toronto-Dominion Bank, 1.896% 11sep2028, CAD
11.79%
Canada, Bond 1.25 1jun2030 10Y
7.70%
Royal Bank of Canada, 1.833% 31jul2028, CAD
7.47%
Canada, Bond 2 1jun2028 10Y
6.27%
PSP Capital, 1.5% 15mar2028, CAD (14)
6.23%
Granite REIT Holdings, 2.194% 30aug2028, CAD
4.97%
CGI Inc., 2.1% 18sep2028, CAD
4.95%
Manulife Financial Corporation, 2.818% 13may2035, CAD
4.90%
CMHC, 1.75% 15jun2030, CAD (92)
3.61%
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
ZSDB
Total weight of top 10 holdings out of 28 total
70.94%
RCDB
Total weight of top 10 holdings out of 111 total
26.91%
Characteristics
Compare
ZSDB
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 | 1.40% | 2.26% |
| Meets ESG criteria | No | No |
| Inception Date | January 17, 2022 | June 12, 2019 |
Frequently asked questions about ZSDB and RCDB
Which ETF has performed better year to date: ZSDB or RCDB?
As of October 20, 2026, ZSDB has returned 0.83% year to date, while RCDB has returned 0.94%. RCDB is ahead on YTD performance.
Which ETF is larger by assets under management: ZSDB or RCDB?
As of October 20, 2026, ZSDB manages $317.78 M in assets, while RCDB manages $1.40 B. RCDB is the larger fund by AUM.
How are ZSDB and RCDB managed?
ZSDB 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 ZSDB and RCDB emphasize?
ZSDB is most exposed to Finance, Sovereign, and Municipal. RCDB is most exposed to Finance, Municipal, and Sovereign.
Which ETF is attracting more investor flows: ZSDB or RCDB?
Year to date, ZSDB has seen +$66.61 M in net flows, compared with +$139.16 M for RCDB. RCDB has attracted more net investor money so far.
How do the fees of ZSDB and RCDB compare?
ZSDB has an expense ratio of 0.10%, while RCDB has an expense ratio of 0.17%.
What are the top holdings of ZSDB and RCDB?
ZSDB's largest holdings include Canada, Bond 0.5 1oct2030 10Y, Toronto-Dominion Bank, 1.896% 11sep2028, CAD, and Canada, Bond 1.25 1jun2030 10Y. 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: ZSDB or RCDB?
ZSDB holds 28 securities, while RCDB holds 111. On holdings count, RCDB is the more diversified portfolio.
Recent articles about ZSDB and RCDB
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.