MFT.TO Alternatives & Similar ETFs

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

Cheapest Alternatives to MFT.TO

Among 17 ETFs in the Corporate Bonds category with expense-ratio data, the lowest-cost alternatives shown here go as low as 0.09%.

Symbol	Name	Expense Ratio	AUM	Inception
VAB.TO	Vanguard Canadian Aggregate Bond Index ETF	0.09%	7.52B	Nov 2011	MFT.TO vs VAB.TO
XIGS.TO	iShares 1-5 Year U.S. IG Corporate Bond Index ETF ...	0.16%	—	Jul 2021	MFT.TO vs XIGS.TO
XCB.TO	iShares Core Canadian Corporate Bond Index ETF	0.17%	3.32B	Nov 2006	MFT.TO vs XCB.TO
VCB.TO	Vanguard Canadian Corporate Bond Index ETF	0.17%	821.62M	Jan 2017	MFT.TO vs VCB.TO
ZCB.TO	BMO Corporate Bond Index ETF	0.17%	2.00B	Mar 2018	MFT.TO vs ZCB.TO

Best Risk-Adjusted Alternatives to MFT.TO

MFT.TO has a PortfoliosLab risk / return rank of 33. There are 26 ETFs in the Corporate Bonds category with higher risk-adjusted ranks, going as high as 98.

Symbol	Name	Risk / Return Rank	AUM	Inception
RQO.TO	RBC Target 2026 Corporate Bond Index ETF	98	—	Sep 2020	MFT.TO vs RQO.TO
RQP.TO	RBC Target 2027 Canadian Corporate Bond Index ETF	95	—	Sep 2020	MFT.TO vs RQP.TO
CFRN.TO	CIBC Active Investment Grade Floating Rate Bond ET...	94	—	Jan 2019	MFT.TO vs CFRN.TO
ZQB.TO	BMO High Quality Corporate Bond Index ETF	70	88.92M	Jan 2020	MFT.TO vs ZQB.TO
DXO.TO	Dynamic Active Crossover Bond ETF	68	—	Jan 2017	MFT.TO vs DXO.TO

Top Performing MFT.TO Alternatives (YTD)

MFT.TO is at 2.53% YTD. There are 2 ETFs in the Corporate Bonds 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	MFT.TO vs TUSB.TO
RUSB.TO	RBC Short Term U.S. Corporate Bond ETF	3.34%	—	Oct 2017	MFT.TO vs RUSB.TO
ZIC.TO	BMO Mid-Term US Investment Grade Corporate Bond In...	2.05%	3.73B	Mar 2013	MFT.TO vs ZIC.TO
XHB.TO	iShares Canadian HYBrid Corporate Bond Index ETF	2.00%	225.94M	Sep 2010	MFT.TO vs XHB.TO
DXO.TO	Dynamic Active Crossover Bond ETF	1.86%	—	Jan 2017	MFT.TO vs DXO.TO

Lowest Volatility Alternatives to MFT.TO

MFT.TO has 2.61% 1-year volatility. There are 6 ETFs in the Corporate Bonds category with lower 1-year volatility, going as low as 0.72%.

Symbol	Name	Volatility 1Y	AUM	Inception
RQO.TO	RBC Target 2026 Corporate Bond Index ETF	0.72%	—	Sep 2020	MFT.TO vs RQO.TO
RQP.TO	RBC Target 2027 Canadian Corporate Bond Index ETF	1.16%	—	Sep 2020	MFT.TO vs RQP.TO
CFRN.TO	CIBC Active Investment Grade Floating Rate Bond ET...	1.34%	—	Jan 2019	MFT.TO vs CFRN.TO
XIGS.TO	iShares 1-5 Year U.S. IG Corporate Bond Index ETF ...	2.17%	—	Jul 2021	MFT.TO vs XIGS.TO
RBO.TO	RBC 1-5 Year Laddered Canadian Corporate Bond ETF	2.18%	—	Jan 2014	MFT.TO vs RBO.TO

Lowest Drawdown Alternatives to MFT.TO

MFT.TO has a 1-year max drawdown of -1.33%. There are 3 ETFs in the Corporate Bonds category with shallower 1-year drawdowns, going as shallow as -0.11%.

Symbol	Name	Max Drawdown 1Y	AUM	Inception
RQO.TO	RBC Target 2026 Corporate Bond Index ETF	-0.11%	—	Sep 2020	MFT.TO vs RQO.TO
CFRN.TO	CIBC Active Investment Grade Floating Rate Bond ET...	-0.45%	—	Jan 2019	MFT.TO vs CFRN.TO
RQP.TO	RBC Target 2027 Canadian Corporate Bond Index ETF	-0.65%	—	Sep 2020	MFT.TO vs RQP.TO
PSB.TO	Invesco 1-5 Year Laddered Investment Grade Corpora...	-1.38%	521.94M	Jun 2011	MFT.TO vs PSB.TO
FCSB.NEO	Fidelity Canadian Short Term Corporate Bond ETF	-1.58%	—	Sep 2019	MFT.TO vs FCSB.NEO

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	MFT.TO vs QCN.TO
QUU.TO	Mackenzie US Large Cap Equity Index ETF	Large Cap Blend Equities	75	13.61%	6.36B	Jan 2018	MFT.TO vs QUU.TO
WSHR.NEO	Wealthsimple Shariah World Equity Index ETF	Global Equities	34	8.55%	—	May 2021	MFT.TO vs WSHR.NEO
QQQQ.TO	Mackenzie NASDAQ 100 Index ETF	Nasdaq-100	—	19.55%	—	Aug 2025	MFT.TO vs QQQQ.TO
QDX.TO	Mackenzie International Equity Index ETF	Foreign Large Cap Equities	67	13.32%	1.72B	Jan 2018	MFT.TO vs QDX.TO
QTIP.NEO	Mackenzie US TIPS Index ETF (CAD-Hedged)	Inflation-Protected Bonds	17	0.24%	293.47M	Jan 2018	MFT.TO vs QTIP.NEO
MGRW.TO	Mackenzie Growth Allocation ETF	Diversified Portfolio	87	10.77%	—	Sep 2020	MFT.TO vs MGRW.TO
QDXH.TO	Mackenzie International Equity Index ETF (CAD-Hedg...	International Equity	82	12.19%	40.21M	Jan 2018	MFT.TO vs QDXH.TO
MAAA.TO	Mackenzie AAA CLO ETF	CLO	92	1.33%	—	May 2025	MFT.TO vs MAAA.TO
MUB.TO	Mackenzie Unconstrained Bond ETF	Nontraditional Bonds	28	0.52%	—	Apr 2016	MFT.TO vs MUB.TO

Compare MFT.TO with Any Fund or Stock

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

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Diversifiers

Pair MFT.TO with funds that move differently

Mackenzie Floating Rate Income ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to MFT.TO.

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Mackenzie Floating Rate Income ETF (MFT.TO) Alternatives