MKB.TO Alternatives & Similar ETFs

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

Cheapest Alternatives to MKB.TO

Among 5 ETFs in the Total Bond Market 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	MKB.TO vs VAB.TO
HBB.TO	Global X Canadian Select Universe Bond Index Corpo...	0.09%	3.07B	May 2014	MKB.TO vs HBB.TO
XAGH.TO	iShares U.S. Aggregate Bond Index ETF (CAD-Hedged)	0.18%	—	Aug 2021	MKB.TO vs XAGH.TO
VBU.NEO	Vanguard U.S. Aggregate Bond Index ETF	0.22%	—	Jun 2014	MKB.TO vs VBU.NEO
CDLB.TO	CI DoubleLine Total Return Bond US$ Fund ETF C$ He...	0.85%	1.22M	May 2020	MKB.TO vs CDLB.TO

Best Risk-Adjusted Alternatives to MKB.TO

MKB.TO has a PortfoliosLab risk / return rank of 35. There is 1 ETF in the Total Bond Market category with a higher risk-adjusted rank, going as high as 53.

Symbol	Name	Risk / Return Rank	AUM	Inception
RLB.TO	RBC 1-5 Year Laddered Canadian Bond ETF	53	—	Jan 2016	MKB.TO vs RLB.TO
CAGG.TO	CI Canadian Aggregate Bond Index ETF	35	762.19M	Jun 2017	MKB.TO vs CAGG.TO
DCU.TO	Desjardins Canadian Universe Bond Index ETF	33	—	Apr 2017	MKB.TO vs DCU.TO
VAB.TO	Vanguard Canadian Aggregate Bond Index ETF	33	7.52B	Nov 2011	MKB.TO vs VAB.TO
QBB.TO	Mackenzie Canadian Aggregate Bond Index ETF	32	—	Jan 2018	MKB.TO vs QBB.TO

Top Performing MKB.TO Alternatives (YTD)

MKB.TO is at 1.45% YTD. No ETFs in the Total Bond Market category have higher YTD returns; the top-performing alternatives shown here go as high as 1.35%.

Symbol	Name	YTD Return	AUM	Inception
CAGG.TO	CI Canadian Aggregate Bond Index ETF	1.35%	762.19M	Jun 2017	MKB.TO vs CAGG.TO
DCU.TO	Desjardins Canadian Universe Bond Index ETF	1.27%	—	Apr 2017	MKB.TO vs DCU.TO
RLB.TO	RBC 1-5 Year Laddered Canadian Bond ETF	1.23%	—	Jan 2016	MKB.TO vs RLB.TO
VAB.TO	Vanguard Canadian Aggregate Bond Index ETF	1.23%	7.52B	Nov 2011	MKB.TO vs VAB.TO
HBB.TO	Global X Canadian Select Universe Bond Index Corpo...	1.06%	3.07B	May 2014	MKB.TO vs HBB.TO

Lowest Volatility Alternatives to MKB.TO

MKB.TO has 4.23% 1-year volatility. There are 4 ETFs in the Total Bond Market category with lower 1-year volatility, going as low as 2.34%.

Symbol	Name	Volatility 1Y	AUM	Inception
RLB.TO	RBC 1-5 Year Laddered Canadian Bond ETF	2.34%	—	Jan 2016	MKB.TO vs RLB.TO
CDLB.TO	CI DoubleLine Total Return Bond US$ Fund ETF C$ He...	3.83%	1.22M	May 2020	MKB.TO vs CDLB.TO
DCU.TO	Desjardins Canadian Universe Bond Index ETF	4.12%	—	Apr 2017	MKB.TO vs DCU.TO
QBB.TO	Mackenzie Canadian Aggregate Bond Index ETF	4.18%	—	Jan 2018	MKB.TO vs QBB.TO
CAGG.TO	CI Canadian Aggregate Bond Index ETF	4.29%	762.19M	Jun 2017	MKB.TO vs CAGG.TO

Lowest Drawdown Alternatives to MKB.TO

MKB.TO has a 1-year max drawdown of -2.99%. There are 8 ETFs in the Total Bond Market category with shallower 1-year drawdowns, going as shallow as -1.48%.

Symbol	Name	Max Drawdown 1Y	AUM	Inception
RLB.TO	RBC 1-5 Year Laddered Canadian Bond ETF	-1.48%	—	Jan 2016	MKB.TO vs RLB.TO
CDLB.TO	CI DoubleLine Total Return Bond US$ Fund ETF C$ He...	-2.11%	1.22M	May 2020	MKB.TO vs CDLB.TO
DRCU.TO	Desjardins RI Active Canadian Bond - Net-Zero Emis...	-2.61%	—	Sep 2018	MKB.TO vs DRCU.TO
CAGG.TO	CI Canadian Aggregate Bond Index ETF	-2.73%	762.19M	Jun 2017	MKB.TO vs CAGG.TO
DCU.TO	Desjardins Canadian Universe Bond Index ETF	-2.76%	—	Apr 2017	MKB.TO vs DCU.TO

Other ETFs from Mackenzie

The 10 most viewed Mackenzie ETFs shown here include QCN.TO, QUU.TO, WSHR.NEO and span 9 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	MKB.TO vs QCN.TO
QUU.TO	Mackenzie US Large Cap Equity Index ETF	Large Cap Blend Equities	75	13.61%	6.36B	Jan 2018	MKB.TO vs QUU.TO
WSHR.NEO	Wealthsimple Shariah World Equity Index ETF	Global Equities	34	8.55%	—	May 2021	MKB.TO vs WSHR.NEO
QQQQ.TO	Mackenzie NASDAQ 100 Index ETF	Nasdaq-100	—	19.55%	—	Aug 2025	MKB.TO vs QQQQ.TO
QDX.TO	Mackenzie International Equity Index ETF	Foreign Large Cap Equities	67	13.32%	1.72B	Jan 2018	MKB.TO vs QDX.TO
QTIP.NEO	Mackenzie US TIPS Index ETF (CAD-Hedged)	Inflation-Protected Bonds	17	0.24%	293.47M	Jan 2018	MKB.TO vs QTIP.NEO
MGRW.TO	Mackenzie Growth Allocation ETF	Diversified Portfolio	87	10.77%	—	Sep 2020	MKB.TO vs MGRW.TO
QDXH.TO	Mackenzie International Equity Index ETF (CAD-Hedg...	International Equity	82	12.19%	40.21M	Jan 2018	MKB.TO vs QDXH.TO
MAAA.TO	Mackenzie AAA CLO ETF	CLO	92	1.33%	—	May 2025	MKB.TO vs MAAA.TO
QCE.TO	Mackenzie Canadian Large Cap Equity Index ETF	Canada Equities	93	14.14%	—	Jan 2018	MKB.TO vs QCE.TO

Compare MKB.TO with Any Fund or Stock

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Pair MKB.TO with funds that move differently

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

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Mackenzie Canadian Strategic Fixed Income ETF (MKB.TO) Alternatives