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Evolve Enhanced Yield Bond Fund ETF (BOND) and iShares Canadian Universe Bond Index ETF (XBB) offer distinct profiles for Canadian ETF investors. A direct comparison shows that BOND focuses its top 3 sector exposures on Sovereign and Non-Corporate, while XBB leans towards Sovereign, Municipal, and Finance. When evaluating costs, BOND features a management fee (MER) of 0.75%, compared to 0.09% for XBB. Performance-wise, BOND has returned 2.63% year-to-date with -$13 M in net flows, whereas XBB is at 0.27% with +$2 B. 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
BOND
XBB
| AuM | $109.20 M | $10,801.87 M |
| Management Fees | 0.75% | 0.09% |
| Exp. ratio | 0.74% | 0.10% |
| Tracking Difference | - | - |
Historical performance and flows
As of September 17, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | BOND | +0.89% | -3.61% | -2.63% | -4.45% | - |
XBB | -0.64% | -2.14% | -0.27% | -0.39% | +13.51% | |
| Flows | BOND | -$21 M | -$21 M | -$13 M | -$65 M | - |
XBB | +$805 M | +$1,009 M | +$1,963 M | +$2,772 M | +$5,301 M |
BOND vs XBB exposure
Countries
BOND
USA
98.54%
XBB
Canada
97.34%
Sectors
BOND
Sovereign
98.54%
XBB
Sovereign
33.61%
Municipal
28.99%
Finance
14.34%
Government Agencies
7.06%
Other
16.00%
As of September 17, 2026
Top 10 Holdings
BOND
USA, Bonds 4.75% 15may2055, USD
3.53%
USA, Bonds 4.75% 15nov2053, USD
3.52%
USA, Bonds 4.125% 15aug2053, USD
3.48%
USA, Bonds 4.625% 15may2054, USD
3.45%
USA, Bonds 4.25% 15feb2054, USD
3.24%
USA, Bonds 4.75% 15feb2056, USD
3.23%
USA, Bonds 4.25% 15aug2054, USD
3.17%
USA, Bonds 4.625% 15feb2055, USD
3.15%
USA, Bonds 4.5% 15nov2054, USD
3.04%
USA, Bonds 3.625% 15may2053, USD
2.89%
XBB
Canada, Bonds 2.75% 1mar2031, CAD
1.52%
Canada, Bonds 2.75% 1sep2030, CAD
1.52%
Canada, Bonds 3.25% 1dec2035, CAD
1.51%
Canada, Bonds 3.25% 1jun2035, CAD
1.42%
Canada, Bonds 3.25% 1jun2036, CAD
1.35%
Canada, Bonds 3.5% 1dec2057, CAD
1.24%
Canada, Bonds 3% 1jun2034, CAD
1.23%
Canada, Bonds 2.75% 1mar2030, CAD
1.22%
Canada, Bonds 3.5% 1sep2029, CAD
1.13%
Canada, Bonds 2.5% 1may2028, CAD
1.12%
Diversification
BOND
Total weight of top 10 holdings out of 100 total
32.70%
XBB
Total weight of top 10 holdings out of 1,889 total
13.27%
Characteristics
Compare
BOND
XBB
| Provider | Evolve ETFs | iShares |
| Management | Actively managed | Passively managed |
| Benchmark | - | FTSE Canada Universe Bond TR Index - CAD |
| Replication Method | Direct (Physical) | |
| Asset Class | Fixed Income | Fixed Income |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 13.68% | 3.52% |
| Meets ESG criteria | No | No |
| Inception Date | October 4, 2023 | November 20, 2000 |
Frequently asked questions about BOND and XBB
Which ETF has performed better year to date: BOND or XBB?
As of September 17, 2026, BOND has returned -2.63% year to date, while XBB has returned -0.27%. XBB is ahead on YTD performance.
Which ETF is larger by assets under management: BOND or XBB?
As of September 17, 2026, BOND manages $109.20 M in assets, while XBB manages $10.80 B. XBB is the larger fund by AUM.
How are BOND and XBB managed?
BOND is actively managed by Evolve ETFs. It does not track an index. XBB is passively managed by iShares. It tracks the FTSE Canada Universe Bond TR Index - CAD benchmark.
What sectors do BOND and XBB emphasize?
BOND is most exposed to Sovereign and Non-Corporate. XBB is most exposed to Sovereign, Municipal, and Finance.
Which ETF is attracting more investor flows: BOND or XBB?
Year to date, BOND has seen -$12.97 M in net flows, compared with +$1,962.61 M for XBB. XBB has attracted more net investor money so far.
How do the fees of BOND and XBB compare?
BOND has an expense ratio of 0.74%, while XBB has an expense ratio of 0.10%.
What are the top holdings of BOND and XBB?
BOND's largest holdings include USA, Bonds 4.75% 15may2055, USD, USA, Bonds 4.75% 15nov2053, USD, and USA, Bonds 4.125% 15aug2053, USD. XBB's top holdings include Canada, Bonds 2.75% 1mar2031, CAD, Canada, Bonds 2.75% 1sep2030, CAD, and Canada, Bonds 3.25% 1dec2035, CAD.
Which ETF is more diversified: BOND or XBB?
BOND holds 100 securities, while XBB holds 1889. On holdings count, XBB is the more diversified portfolio.
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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.