MCSB.TO Alternatives & Similar ETFs

Mackenzie Canadian Short Term Fixed Income ETF (MCSB.TO) belongs to the Short-Term Bond category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with MCSB.TO. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to MCSB.TO

Among 7 ETFs in the Short-Term Bond category with expense-ratio data, the lowest-cost alternatives shown here go as low as 0.09%.

Symbol	Name	Expense Ratio	AUM	Inception
ZSDB.TO	BMO Short-Term Discount Bond ETF	0.09%	—	Jan 2022	MCSB.TO vs ZSDB.TO
XSB.TO	iShares Core Canadian Short Term Bond Index ETF	0.10%	4.31B	Nov 2000	MCSB.TO vs XSB.TO
VSC.TO	Vanguard Canadian Short-Term Corporate Bond Index ...	0.11%	1.53B	Nov 2012	MCSB.TO vs VSC.TO
TSTX-U.TO	Global X 1-3 Year U.S. Treasury Bond Index ETF	0.15%	—	Oct 2025	MCSB.TO vs TSTX-U.TO
RCDB.NEO	RBC Canadian Discount Bond ETF	0.17%	—	Jun 2019	MCSB.TO vs RCDB.NEO

Best Risk-Adjusted Alternatives to MCSB.TO

MCSB.TO has a PortfoliosLab risk / return rank of 53. There are 8 ETFs in the Short-Term Bond category with higher risk-adjusted ranks, going as high as 76.

Symbol	Name	Risk / Return Rank	AUM	Inception
VSC.TO	Vanguard Canadian Short-Term Corporate Bond Index ...	76	1.53B	Nov 2012	MCSB.TO vs VSC.TO
TCSB.TO	TD Select Short Term Corporate Bond Ladder ETF	74	861.86M	Nov 2018	MCSB.TO vs TCSB.TO
XSB.TO	iShares Core Canadian Short Term Bond Index ETF	64	4.31B	Nov 2000	MCSB.TO vs XSB.TO
DCS.TO	Desjardins Canadian Short Term Bond Index ETF	63	—	Apr 2017	MCSB.TO vs DCS.TO
QSB.TO	Mackenzie Canadian Short-Term Bond Index ETF	61	—	Jan 2018	MCSB.TO vs QSB.TO

Top Performing MCSB.TO Alternatives (YTD)

MCSB.TO is at 1.47% YTD. There are 3 ETFs in the Short-Term Bond category with higher YTD returns, going as high as 3.41%.

Symbol	Name	YTD Return	AUM	Inception
TUSB.TO	TD Select U.S. Short Term Corporate Bond Ladder ET...	3.41%	—	Nov 2018	MCSB.TO vs TUSB.TO
RUSB.TO	RBC Short Term U.S. Corporate Bond ETF	3.34%	—	Oct 2017	MCSB.TO vs RUSB.TO
TCSB.TO	TD Select Short Term Corporate Bond Ladder ETF	1.49%	861.86M	Nov 2018	MCSB.TO vs TCSB.TO
VSC.TO	Vanguard Canadian Short-Term Corporate Bond Index ...	1.43%	1.53B	Nov 2012	MCSB.TO vs VSC.TO
RCDB.NEO	RBC Canadian Discount Bond ETF	1.36%	—	Jun 2019	MCSB.TO vs RCDB.NEO

Lowest Volatility Alternatives to MCSB.TO

MCSB.TO has 2.26% 1-year volatility. There are 8 ETFs in the Short-Term Bond category with lower 1-year volatility, going as low as 1.69%.

Symbol	Name	Volatility 1Y	AUM	Inception
TSTX-U.TO	Global X 1-3 Year U.S. Treasury Bond Index ETF	1.69%	—	Oct 2025	MCSB.TO vs TSTX-U.TO
HBIL.TO	Hamilton U.S. T-Bill YIELD MAXIMIZER ETF (CAD Hedg...	1.76%	224.00M	Sep 2024	MCSB.TO vs HBIL.TO
DCS.TO	Desjardins Canadian Short Term Bond Index ETF	1.90%	—	Apr 2017	MCSB.TO vs DCS.TO
XSB.TO	iShares Core Canadian Short Term Bond Index ETF	2.03%	4.31B	Nov 2000	MCSB.TO vs XSB.TO
VSC.TO	Vanguard Canadian Short-Term Corporate Bond Index ...	2.04%	1.53B	Nov 2012	MCSB.TO vs VSC.TO

Lowest Drawdown Alternatives to MCSB.TO

MCSB.TO has a 1-year max drawdown of -1.49%. There are 5 ETFs in the Short-Term Bond category with shallower 1-year drawdowns, going as shallow as -0.95%.

Symbol	Name	Max Drawdown 1Y	AUM	Inception
HBIL.TO	Hamilton U.S. T-Bill YIELD MAXIMIZER ETF (CAD Hedg...	-0.95%	224.00M	Sep 2024	MCSB.TO vs HBIL.TO
QSB.TO	Mackenzie Canadian Short-Term Bond Index ETF	-1.26%	—	Jan 2018	MCSB.TO vs QSB.TO
DCS.TO	Desjardins Canadian Short Term Bond Index ETF	-1.26%	—	Apr 2017	MCSB.TO vs DCS.TO
CAGS.TO	CI Canadian Short-Term Aggregate Bond Index ETF	-1.33%	49.91M	Jun 2017	MCSB.TO vs CAGS.TO
XSB.TO	iShares Core Canadian Short Term Bond Index ETF	-1.47%	4.31B	Nov 2000	MCSB.TO vs XSB.TO

Other ETFs from Mackenzie

The 10 most viewed Mackenzie ETFs shown here include QCN.TO, QUU.TO, WSHR.NEO and span 10 categories. AUM among these funds goes as high as $6B.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
QCN.TO	Mackenzie Canadian Equity Index ETF	Canada Equities	89	13.00%	5.72B	Jan 2018	MCSB.TO vs QCN.TO
QUU.TO	Mackenzie US Large Cap Equity Index ETF	Large Cap Blend Equities	75	13.61%	6.36B	Jan 2018	MCSB.TO vs QUU.TO
WSHR.NEO	Wealthsimple Shariah World Equity Index ETF	Global Equities	34	8.55%	—	May 2021	MCSB.TO vs WSHR.NEO
QQQQ.TO	Mackenzie NASDAQ 100 Index ETF	Nasdaq-100	—	19.55%	—	Aug 2025	MCSB.TO vs QQQQ.TO
QDX.TO	Mackenzie International Equity Index ETF	Foreign Large Cap Equities	67	13.32%	1.72B	Jan 2018	MCSB.TO vs QDX.TO
QTIP.NEO	Mackenzie US TIPS Index ETF (CAD-Hedged)	Inflation-Protected Bonds	17	0.24%	293.47M	Jan 2018	MCSB.TO vs QTIP.NEO
MGRW.TO	Mackenzie Growth Allocation ETF	Diversified Portfolio	87	10.77%	—	Sep 2020	MCSB.TO vs MGRW.TO
QDXH.TO	Mackenzie International Equity Index ETF (CAD-Hedg...	International Equity	82	12.19%	40.21M	Jan 2018	MCSB.TO vs QDXH.TO
MAAA.TO	Mackenzie AAA CLO ETF	CLO	92	1.33%	—	May 2025	MCSB.TO vs MAAA.TO
QBB.TO	Mackenzie Canadian Aggregate Bond Index ETF	Total Bond Market	32	0.99%	—	Jan 2018	MCSB.TO vs QBB.TO

Compare MCSB.TO with Any Fund or Stock

Compare MCSB.TO with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

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Diversifiers

Pair MCSB.TO with funds that move differently

Mackenzie Canadian Short Term Fixed Income ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to MCSB.TO.

Explore MCSB.TO Diversifiers

Mackenzie Canadian Short Term Fixed Income ETF (MCSB.TO) Alternatives