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BMO Target 2029 Canadian Corporate Bond ETF (ZXCQ) and NBI Sustainable Canadian Bond ETF (NSCB) offer distinct profiles for Canadian ETF investors. A direct comparison shows that ZXCQ focuses its top 3 sector exposures on Finance, Energy, and Telecommunications, while NSCB leans towards Finance, Sovereign, and Utilities. When evaluating costs, ZXCQ features a management fee (MER) of 0.17%, compared to 0.63% for NSCB. Performance-wise, ZXCQ has returned 1.19% year-to-date with +$7 M in net flows, whereas NSCB is at 2.35% with +$39 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
ZXCQ
NSCB
| AuM | $14.29 M | $2,812.23 M |
| Management Fees | 0.17% | 0.63% |
| Exp. ratio | 0.17% | 0.61% |
| Tracking Difference | - | - |
Historical performance and flows
As of October 16, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | ZXCQ | +0.62% | -0.19% | +1.19% | +1.04% | - |
NSCB | +0.71% | -1.86% | -2.35% | -4.32% | +5.41% | |
| Flows | ZXCQ | +$1 M | +$2 M | +$7 M | +$9 M | - |
NSCB | +$1 M | +$42 M | +$39 M | +$52 M | +$914 M |
ZXCQ vs NSCB exposure
Countries
ZXCQ
Canada
100.26%
NSCB
Canada
94.79%
Sectors
ZXCQ
Finance
65.62%
Energy
12.29%
Telecommunications
8.09%
Other
14.00%
NSCB
Finance
28.83%
Sovereign
19.54%
Utilities
19.38%
Municipal
16.63%
Industrials
7.35%
Other
8.27%
As of October 16, 2026
Top 10 Holdings
ZXCQ
Royal Bank of Canada, 4.829% 8aug2034, CAD (28)
9.88%
Federation des caisses Desjardins du Quebec, FRN 15may2034, CAD
9.77%
Manulife Financial Corporation, 5.054% 23feb2034, CAD
9.51%
Bank of Nova Scotia, 3.836% 26sep2030, CAD
9.03%
Toronto-Dominion Bank, 5.177% 9apr2034, CAD (D)
5.93%
Gildan Activewear, 4.362% 22nov2029, CAD (1)
5.19%
Brookfield Infrastructure Partners, 3.41% 9oct2029, CAD (7)
5.07%
National Bank of Canada, 5.279% 15feb2034, CAD
4.24%
Pembina Pipeline Corporation, 3.62% 3apr2029, CAD (12)
4.09%
Choice Properties REIT, 3.532% 11jun2029, CAD (M)
4.08%
NSCB
Canada, Bonds 3.5% 1mar2034, CAD
9.82%
Canada, Bonds 3.25% 1mar2036, CAD
4.47%
Hydro-Quebec, 5% 15feb2050, CAD (JN)
3.20%
Canada, Bonds 3.5% 1dec2056, CAD (D)
2.72%
Province of Ontario, 4.1% 7oct2054, CAD (DMTN267)
2.62%
Canada, Bonds 3% 1mar2032, CAD (C)
2.53%
PSP Capital, 4.4% 2dec2030, CAD (G-13)
2.49%
PSP Capital, 2.6% 1mar2032, CAD (G-4)
2.40%
Hydro-Quebec, 4% 15feb2055, CAD (JQ)
2.29%
Province of Ontario, FRN 19nov2030, CAD (DMTN274)
2.19%
Diversification
ZXCQ
Total weight of top 10 holdings out of 21 total
66.78%
NSCB
Total weight of top 10 holdings out of 158 total
34.72%
Characteristics
Compare
ZXCQ
NSCB
| Provider | BMO | National Bank Investments |
| Management | Actively managed | Actively managed |
| Benchmark | - | - |
| Replication Method | - | - |
| Asset Class | Fixed Income | Fixed Income |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 4.15% | 0.00% |
| Meets ESG criteria | No | Yes |
| Inception Date | March 18, 2025 | January 23, 2020 |
Frequently asked questions about ZXCQ and NSCB
Which ETF has performed better year to date: ZXCQ or NSCB?
As of October 16, 2026, ZXCQ has returned 1.19% year to date, while NSCB has returned -2.35%. ZXCQ is ahead on YTD performance.
Which ETF is larger by assets under management: ZXCQ or NSCB?
As of October 16, 2026, ZXCQ manages $14.29 M in assets, while NSCB manages $2.81 B. NSCB is the larger fund by AUM.
How are ZXCQ and NSCB managed?
ZXCQ is actively managed by BMO. It does not track an index. NSCB is actively managed by National Bank Investments. It does not track an index.
What sectors do ZXCQ and NSCB emphasize?
ZXCQ is most exposed to Finance, Energy, and Telecommunications. NSCB is most exposed to Finance, Sovereign, and Utilities.
Which ETF is attracting more investor flows: ZXCQ or NSCB?
Year to date, ZXCQ has seen +$6.50 M in net flows, compared with +$38.61 M for NSCB. NSCB has attracted more net investor money so far.
How do the fees of ZXCQ and NSCB compare?
ZXCQ has an expense ratio of 0.17%, while NSCB has an expense ratio of 0.61%.
What are the top holdings of ZXCQ and NSCB?
ZXCQ's largest holdings include Royal Bank of Canada, 4.829% 8aug2034, CAD (28), Federation des caisses Desjardins du Quebec, FRN 15may2034, CAD, and Manulife Financial Corporation, 5.054% 23feb2034, CAD. NSCB's top holdings include Canada, Bonds 3.5% 1mar2034, CAD, Canada, Bonds 3.25% 1mar2036, CAD, and Hydro-Quebec, 5% 15feb2050, CAD (JN).
Which ETF is more diversified: ZXCQ or NSCB?
ZXCQ holds 21 securities, while NSCB holds 152. On holdings count, NSCB is the more diversified portfolio.
Recent articles about ZXCQ and NSCB
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