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Mackenzie US TIPS Index ETF (CAD-Hedged) (QTIP.NEO) Alternatives

ETF · Currency in CAD · Last updated Jun 5, 2026

The Mackenzie US TIPS Index ETF (CAD-Hedged) aims to replicate the performance of U.S. Treasury Inflation-Protected Securities (TIPS) by investing directly and through derivatives, with currency exposure hedged back to Canadian dollars.

Mackenzie US TIPS Index ETF (CAD-Hedged) (QTIP.NEO) belongs to the Inflation-Protected Bonds category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with QTIP.NEO. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to QTIP.NEO

QTIP.NEO charges 0.15% annually. No ETFs in the Inflation-Protected Bonds category have lower expense ratios; the lowest-cost alternatives shown here go as low as 0.16%.

SymbolNameExpense RatioAUMInception
XSTH.TO
iShares 0-5 Year TIPS Bond Index ETF (CAD-Hedged)0.16%—Jul 2021QTIP.NEO vs XSTH.TO
XSTP.TO
iShares 0-5 Year TIPS Bond Index ETF0.16%—Jul 2021QTIP.NEO vs XSTP.TO
ZTIP.TO
BMO Short-Term US TIPS Index ETF0.17%—Jan 2021QTIP.NEO vs ZTIP.TO
ZRR.TO
BMO Real Return Bond Index ETF0.28%98.58MMay 2010QTIP.NEO vs ZRR.TO
XRB.TO
iShares Canadian Real Return Bond Index ETF0.39%268.93MDec 2005QTIP.NEO vs XRB.TO

Best Risk-Adjusted Alternatives to QTIP.NEO

QTIP.NEO has a PortfoliosLab risk / return rank of 25. There are 3 ETFs in the Inflation-Protected Bonds category with higher risk-adjusted ranks, going as high as 39.

SymbolNameRisk / Return RankAUMInception
ZTIP.TO
BMO Short-Term US TIPS Index ETF
39
—Jan 2021QTIP.NEO vs ZTIP.TO
XSTH.TO
iShares 0-5 Year TIPS Bond Index ETF (CAD-Hedged)
38
—Jul 2021QTIP.NEO vs XSTH.TO
XSTP.TO
iShares 0-5 Year TIPS Bond Index ETF
30
—Jul 2021QTIP.NEO vs XSTP.TO
XRB.TO
iShares Canadian Real Return Bond Index ETF
17
268.93MDec 2005QTIP.NEO vs XRB.TO
ZRR.TO
BMO Real Return Bond Index ETF
17
98.58MMay 2010QTIP.NEO vs ZRR.TO

Top Performing QTIP.NEO Alternatives (YTD)

QTIP.NEO is at 0.87% YTD. There are 5 ETFs in the Inflation-Protected Bonds category with higher YTD returns, going as high as 4.33%.

SymbolNameYTD ReturnAUMInception
ZRR.TO
BMO Real Return Bond Index ETF
4.33%
98.58MMay 2010QTIP.NEO vs ZRR.TO
ZTIP.TO
BMO Short-Term US TIPS Index ETF
3.44%
—Jan 2021QTIP.NEO vs ZTIP.TO
XSTP.TO
iShares 0-5 Year TIPS Bond Index ETF
3.27%
—Jul 2021QTIP.NEO vs XSTP.TO
XRB.TO
iShares Canadian Real Return Bond Index ETF
2.78%
268.93MDec 2005QTIP.NEO vs XRB.TO
XSTH.TO
iShares 0-5 Year TIPS Bond Index ETF (CAD-Hedged)
1.18%
—Jul 2021QTIP.NEO vs XSTH.TO

Lowest Volatility Alternatives to QTIP.NEO

QTIP.NEO has 3.56% 1-year volatility. There is 1 ETF in the Inflation-Protected Bonds category with lower 1-year volatility, going as low as 2.18%.

SymbolNameVolatility 1YAUMInception
XSTH.TO
iShares 0-5 Year TIPS Bond Index ETF (CAD-Hedged)2.18%—Jul 2021QTIP.NEO vs XSTH.TO
ZTIP.TO
BMO Short-Term US TIPS Index ETF4.62%—Jan 2021QTIP.NEO vs ZTIP.TO
XSTP.TO
iShares 0-5 Year TIPS Bond Index ETF4.91%—Jul 2021QTIP.NEO vs XSTP.TO
ZRR.TO
BMO Real Return Bond Index ETF6.54%98.58MMay 2010QTIP.NEO vs ZRR.TO
XRB.TO
iShares Canadian Real Return Bond Index ETF6.85%268.93MDec 2005QTIP.NEO vs XRB.TO

Lowest Drawdown Alternatives to QTIP.NEO

QTIP.NEO has a 1-year max drawdown of -2.02%. There is 1 ETF in the Inflation-Protected Bonds category with a shallower 1-year drawdown, going as shallow as -1.49%.

SymbolNameMax Drawdown 1YAUMInception
XSTH.TO
iShares 0-5 Year TIPS Bond Index ETF (CAD-Hedged)
-1.49%
—Jul 2021QTIP.NEO vs XSTH.TO
XRB.TO
iShares Canadian Real Return Bond Index ETF
-3.55%
268.93MDec 2005QTIP.NEO vs XRB.TO
ZTIP.TO
BMO Short-Term US TIPS Index ETF
-3.78%
—Jan 2021QTIP.NEO vs ZTIP.TO
ZRR.TO
BMO Real Return Bond Index ETF
-4.00%
98.58MMay 2010QTIP.NEO vs ZRR.TO
XSTP.TO
iShares 0-5 Year TIPS Bond Index ETF
-4.76%
—Jul 2021QTIP.NEO vs XSTP.TO

Other ETFs from Mackenzie

The 8 most viewed Mackenzie ETFs shown here include QCN.TO, QUU.TO, WSHR.NEO and span 8 categories. AUM among these funds goes as high as $6B.

SymbolNameCategoryRisk / Return RankYTD ReturnAUMInception
QCN.TO
Mackenzie Canadian Equity Index ETFCanada Equities
85
12.23%
5.19BJan 2018QTIP.NEO vs QCN.TO
QUU.TO
Mackenzie US Large Cap Equity Index ETFLarge Cap Blend Equities
76
13.03%
5.61BJan 2018QTIP.NEO vs QUU.TO
WSHR.NEO
Wealthsimple Shariah World Equity Index ETFGlobal Equities
24
5.97%
—May 2021QTIP.NEO vs WSHR.NEO
QQQQ.TO
Mackenzie NASDAQ 100 Index ETFNasdaq-100—
21.29%
—Aug 2025QTIP.NEO vs QQQQ.TO
QDX.TO
Mackenzie International Equity Index ETFForeign Large Cap Equities
50
11.04%
1.52BJan 2018QTIP.NEO vs QDX.TO
MGRW.TO
Mackenzie Growth Allocation ETFDiversified Portfolio
84
9.90%
—Sep 2020QTIP.NEO vs MGRW.TO
QDXH.TO
Mackenzie International Equity Index ETF (CAD-Hedg...International Equity
67
9.05%
38.52MJan 2018QTIP.NEO vs QDXH.TO
MAAA.TO
Mackenzie AAA CLO ETFCLO
82
1.25%
—May 2025QTIP.NEO vs MAAA.TO

Often Compared With QTIP.NEO

Investors most often compare QTIP.NEO with ZMMK.TO. These 1 comparison targets span 1 categories, based on PortfoliosLab usage data.

SymbolNameCategoryRisk / Return RankYTD ReturnAUMInception
ZMMK.TO
BMO Money Market Fund ETF SeriesMoney Market
100
0.99%
5.70BNov 2021QTIP.NEO vs ZMMK.TO

Compare QTIP.NEO with Any Fund or Stock

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

 

Diversifiers

Pair QTIP.NEO with funds that move differently

Mackenzie US TIPS Index ETF (CAD-Hedged) alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to QTIP.NEO.

Explore QTIP.NEO Diversifiers