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BMO Target 2029 Canadian Corporate Bond ETF (ZXCQ) and RBC Canadian Discount Bond ETF (RCDB) 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 RCDB leans towards Finance, Municipal, and Sovereign. When evaluating costs, ZXCQ features a management fee (MER) of 0.17%, compared to 0.15% for RCDB. Performance-wise, ZXCQ has returned 1.19% year-to-date with +$7 M in net flows, whereas RCDB is at 1.23% 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
ZXCQ
RCDB
| AuM | $14.29 M | $1,400.14 M |
| Management Fees | 0.17% | 0.15% |
| Exp. ratio | 0.17% | 0.17% |
| 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% | - |
RCDB | +0.64% | -0.04% | +1.23% | +1.16% | +15.49% | |
| Flows | ZXCQ | +$1 M | +$2 M | +$7 M | +$9 M | - |
RCDB | -$33 M | -$9 M | +$139 M | +$160 M | +$348 M |
ZXCQ vs RCDB exposure
Countries
ZXCQ
Canada
100.26%
RCDB
Canada
99.08%
Sectors
ZXCQ
Finance
65.62%
Energy
12.29%
Telecommunications
8.09%
Other
14.00%
RCDB
Finance
32.14%
Municipal
16.92%
Sovereign
16.13%
Utilities
7.90%
Government Agencies
7.17%
Other
19.73%
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%
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
ZXCQ
Total weight of top 10 holdings out of 21 total
66.78%
RCDB
Total weight of top 10 holdings out of 111 total
26.91%
Characteristics
Compare
ZXCQ
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 | 4.15% | 2.26% |
| Meets ESG criteria | No | No |
| Inception Date | March 18, 2025 | June 12, 2019 |
Frequently asked questions about ZXCQ and RCDB
Which ETF has performed better year to date: ZXCQ or RCDB?
As of October 16, 2026, ZXCQ has returned 1.19% year to date, while RCDB has returned 1.23%. RCDB is ahead on YTD performance.
Which ETF is larger by assets under management: ZXCQ or RCDB?
As of October 16, 2026, ZXCQ manages $14.29 M in assets, while RCDB manages $1.40 B. RCDB is the larger fund by AUM.
How are ZXCQ and RCDB managed?
ZXCQ 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 ZXCQ and RCDB emphasize?
ZXCQ is most exposed to Finance, Energy, and Telecommunications. RCDB is most exposed to Finance, Municipal, and Sovereign.
Which ETF is attracting more investor flows: ZXCQ or RCDB?
Year to date, ZXCQ has seen +$6.50 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 ZXCQ and RCDB compare?
ZXCQ has an expense ratio of 0.17%, while RCDB has an expense ratio of 0.17%.
What are the top holdings of ZXCQ and RCDB?
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. 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: ZXCQ or RCDB?
ZXCQ holds 21 securities, while RCDB holds 111. On holdings count, RCDB is the more diversified portfolio.
Recent articles about ZXCQ 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.