VS
Compare CI Canadian Short-Term Aggregate Bond Index ETF (CAGS) vs iShares Core Canadian Short Term Corporate + Maple Bond Index ETF (XSH) to find the best fit for your portfolio. CAGS provides Sovereign, Finance, and Municipal exposures, while XSH is primarily weighted in Finance, Energy, and Utilities. When evaluating costs, CAGS features a management fee (MER) of 0.18%, compared to 0.09% for XSH. Performance-wise, CAGS has returned 0.65% year-to-date with +$24 M in net flows, whereas XSH is at 1.16% with +$815 M. 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
CAGS
XSH
| AuM | $39.98 M | $2,973.50 M |
| Management Fees | 0.18% | 0.09% |
| Exp. ratio | 0.08% | 0.10% |
| Tracking Difference | - | -0.12% |
Historical performance and flows
As of September 21, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | CAGS | -0.32% | -0.42% | +0.65% | +1.00% | +15.12% |
XSH | -0.22% | -0.20% | +1.16% | +1.79% | +19.15% | |
| Flows | CAGS | -$9 M | -$5 M | +$24 M | +$17 M | -$9 M |
XSH | +$293 M | +$536 M | +$815 M | +$1,083 M | +$1,880 M |
CAGS vs XSH exposure
Countries
CAGS
Canada
100.00%
XSH
Canada
89.67%
USA
7.53%
Sectors
CAGS
Sovereign
38.48%
Finance
21.08%
Municipal
16.30%
Government Agencies
13.58%
Other
10.57%
XSH
Finance
63.09%
Energy
8.24%
Other
28.67%
As of September 21, 2026
Top 10 Holdings
CAGS
Canada, Bonds 4% 1mar2029, CAD
7.46%
Canada, Bonds 3.25% 1sep2028, CAD
6.28%
Canada, Bonds 3.5% 1sep2029, CAD
5.27%
Canada, Bonds 3.5% 1mar2028, CAD
5.25%
Canada, Bonds 2.75% 1mar2030, CAD
5.14%
Canada, Bonds 2.75% 1sep2027, CAD
4.16%
Canada Housing Trust, 3.95% 15jun2028, CAD (115)
3.18%
Province of Ontario, 2.9% 2jun2028, CAD (DMTN238)
3.12%
Canada Housing Trust, 2.9% 15dec2029, CAD (123)
3.10%
CMHC, 2.65% 15dec2028, CAD (85)
3.10%
XSH
Bank of Nova Scotia, 3.61% 30jan2032, CAD
0.88%
Royal Bank of Canada, 3.572% 9dec2031, CAD
0.85%
CIBC, 3.65% 13jan2032, CAD
0.75%
Bank of Nova Scotia, 3.734% 27jun2031, CAD
0.72%
Toronto-Dominion Bank, 3.687% 9jan2032, CAD
0.72%
Royal Bank of Canada, 4.632% 1may2028, CAD
0.70%
Amazon.com, 3.7% 12jun2031, CAD
0.69%
Bank of Montreal, 3.19% 1mar2028, CAD
0.68%
Bank of Montreal, 4.709% 7dec2027, CAD
0.68%
Toronto-Dominion Bank, 3.605% 10sep2031, CAD
0.67%
Diversification
CAGS
Total weight of top 10 holdings out of 54 total
46.05%
XSH
Total weight of top 10 holdings out of 639 total
7.35%
Characteristics
Compare
CAGS
XSH
| Provider | CI | iShares |
| Management | Passively managed | Passively managed |
| Benchmark | FTSE Canada Short Term Overall Bond TR Index - CAD | FTSE Canada Universe + Maple Short Term Corporate Bond TR Index - CAD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Fixed Income | Fixed Income |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 3.32% | 3.98% |
| Meets ESG criteria | No | No |
| Inception Date | June 22, 2017 | September 13, 2011 |
Frequently asked questions about CAGS and XSH
Which ETF has performed better year to date: CAGS or XSH?
As of September 21, 2026, CAGS has returned 0.65% year to date, while XSH has returned 1.16%. XSH is ahead on YTD performance.
Which ETF is larger by assets under management: CAGS or XSH?
As of September 21, 2026, CAGS manages $39.98 M in assets, while XSH manages $2.97 B. XSH is the larger fund by AUM.
How are CAGS and XSH managed?
CAGS is passively managed by CI. It tracks the FTSE Canada Short Term Overall Bond TR Index - CAD benchmark. XSH is passively managed by iShares. It tracks the FTSE Canada Universe + Maple Short Term Corporate Bond TR Index - CAD benchmark.
What sectors do CAGS and XSH emphasize?
CAGS is most exposed to Sovereign, Finance, and Municipal. XSH is most exposed to Finance, Energy, and Utilities.
Which ETF is attracting more investor flows: CAGS or XSH?
Year to date, CAGS has seen +$23.86 M in net flows, compared with +$815.46 M for XSH. XSH has attracted more net investor money so far.
How do the fees of CAGS and XSH compare?
CAGS has an expense ratio of 0.08%, while XSH has an expense ratio of 0.10%.
What are the top holdings of CAGS and XSH?
CAGS's largest holdings include Canada, Bonds 4% 1mar2029, CAD, Canada, Bonds 3.25% 1sep2028, CAD, and Canada, Bonds 3.5% 1sep2029, CAD. XSH's top holdings include Bank of Nova Scotia, 3.61% 30jan2032, CAD, Royal Bank of Canada, 3.572% 9dec2031, CAD, and CIBC, 3.65% 13jan2032, CAD.
Which ETF is more diversified: CAGS or XSH?
CAGS holds 54 securities, while XSH holds 639. On holdings count, XSH is the more diversified portfolio.
Recent articles about CAGS and XSH
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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.