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BMO Short-Term US TIPS Index ETF (ZTIP) and RBC U.S. Discount Bond ETF (RUDB.U) offer distinct profiles for Canadian ETF investors. A direct comparison shows that ZTIP focuses its top 3 sector exposures on Sovereign, while RUDB.U leans towards Sovereign, Finance, and Telecommunications. When evaluating costs, ZTIP features a management fee (MER) of 0.15%, compared to 0.25% for RUDB.U. Performance-wise, ZTIP has returned 4.2% year-to-date with +$26 M in net flows, whereas RUDB.U is at 0.2% with +$11 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
ZTIP
RUDB.U
| AuM | $43.11 M | $75.51 M |
| Management Fees | 0.15% | 0.25% |
| Exp. ratio | 0.17% | 0.28% |
| Tracking Difference | - | - |
Historical performance and flows
As of October 20, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZTIP | +0.71% | -0.19% | +4.20% | +1.91% | +18.07% |
RUDB.U | +0.13% | -0.43% | -0.20% | +0.26% | +13.04% | |
| Flows | ZTIP | +$2 M | +$7 M | +$26 M | +$29 M | +$21 M |
RUDB.U | +$2 M | +$6 M | +$11 M | +$12 M | +$62 M |
ZTIP vs RUDB.U exposure
Countries
ZTIP
USA
100.00%
RUDB.U
USA
99.00%
Sectors
ZTIP
Sovereign
100.00%
RUDB.U
Sovereign
89.56%
Other
10.44%
As of October 20, 2026
Top 10 Holdings
ZTIP
USA, TIPS 1.125% 15oct2030, USD (AE-2030)
5.39%
USA, TIPS 1.25% 15apr2031, USD (X-2031)
5.32%
USA, TIPS 1.625% 15apr2030, USD (X-2030)
5.29%
USA, TIPS 1.625% 15oct2029, USD (AE-2029)
5.11%
USA, TIPS 2.125% 15apr2029, USD (X-2029)
4.96%
USA, TIPS 2.375% 15oct2028, USD (AE-2028)
4.90%
USA, TIPS 1.625% 15oct2027, USD (AE-2027)
4.85%
USA, TIPS 0.125% 15oct2026, USD (AE-2026)
4.78%
USA, TIPS 1.25% 15apr2028, USD (X-2028)
4.73%
USA, TIPS 0.125% 15apr2027, USD (X-2027)
4.72%
RUDB.U
USA, Notes 0.5% 31oct2027, USD (R-2027)
7.96%
USA, Notes 0.625% 15may2030, USD (C-2030)
7.46%
USA, Notes 0.625% 15aug2030, USD (E-2030)
7.39%
USA, Notes 1.25% 30apr2028, USD (K-2028)
7.28%
USA, Notes 0.375% 31jul2027, USD (N-2027)
7.21%
USA, Notes 1.125% 15feb2031, USD (B-2031)
6.74%
USA, Notes 1.625% 15aug2029, USD (E-2029)
5.98%
USA, Notes 0.75% 31jan2028, USD (G-2028)
5.72%
USA, Notes 0.5% 31may2027, USD (L-2027)
5.70%
USA, Notes 1.75% 15nov2029, USD (F-2029)
5.50%
Diversification
ZTIP
Total weight of top 10 holdings out of 25 total
50.06%
RUDB.U
Total weight of top 10 holdings out of 52 total
66.94%
Characteristics
Compare
ZTIP
RUDB.U
| Provider | BMO | RBC Global Asset Management |
| Management | Passively managed | Actively managed |
| Benchmark | Bloomberg US Govt Inflation-Linked 0-5Yrs Total Return Index - USD | - |
| Replication Method | Direct (Physical) | - |
| Asset Class | Fixed Income | Fixed Income |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 4.00% | 1.50% |
| Meets ESG criteria | No | No |
| Inception Date | January 26, 2021 | May 18, 2023 |
Frequently asked questions about ZTIP and RUDB.U
Which ETF has performed better year to date: ZTIP or RUDB.U?
As of October 20, 2026, ZTIP has returned 4.20% year to date, while RUDB.U has returned -0.20%. ZTIP is ahead on YTD performance.
Which ETF is larger by assets under management: ZTIP or RUDB.U?
As of October 20, 2026, ZTIP manages $43.11 M in assets, while RUDB.U manages $75.51 M. RUDB.U is the larger fund by AUM.
How are ZTIP and RUDB.U managed?
ZTIP is passively managed by BMO. It tracks the Bloomberg US Govt Inflation-Linked 0-5Yrs Total Return Index - USD benchmark. RUDB.U is actively managed by RBC Global Asset Management. It does not track an index.
What sectors do ZTIP and RUDB.U emphasize?
ZTIP is most exposed to Sovereign. RUDB.U is most exposed to Sovereign, Finance, and Telecommunications.
Which ETF is attracting more investor flows: ZTIP or RUDB.U?
Year to date, ZTIP has seen +$26.06 M in net flows, compared with +$10.97 M for RUDB.U. ZTIP has attracted more net investor money so far.
How do the fees of ZTIP and RUDB.U compare?
ZTIP has an expense ratio of 0.17%, while RUDB.U has an expense ratio of 0.28%.
What are the top holdings of ZTIP and RUDB.U?
ZTIP's largest holdings include USA, TIPS 1.125% 15oct2030, USD (AE-2030), USA, TIPS 1.25% 15apr2031, USD (X-2031), and USA, TIPS 1.625% 15apr2030, USD (X-2030). RUDB.U's top holdings include USA, Notes 0.5% 31oct2027, USD (R-2027), USA, Notes 0.625% 15may2030, USD (C-2030), and USA, Notes 0.625% 15aug2030, USD (E-2030).
Which ETF is more diversified: ZTIP or RUDB.U?
ZTIP holds 25 securities, while RUDB.U holds 52. On holdings count, RUDB.U is the more diversified portfolio.
Recent articles about ZTIP and RUDB.U
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