VS
iShares 1-5 Year Laddered Corporate Bond Index ETF (CBO) and CIBC 2028 Investment Grade Bond Fund (CTBD) offer distinct profiles for Canadian ETF investors. A direct comparison shows that CBO focuses its top 3 sector exposures on Finance, Industrials, and Utilities, while CTBD leans towards Finance, Utilities, and Telecommunications. When evaluating costs, CBO features a management fee (MER) of 0.25%, compared to 0.15% for CTBD. Performance-wise, CBO has returned 0.92% year-to-date with +$170 M in net flows, whereas CTBD is at 1.34% with +$68 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
CBO
CTBD
| AuM | $941.79 M | $131.02 M |
| Management Fees | 0.25% | 0.15% |
| Exp. ratio | 0.27% | 0.23% |
| Tracking Difference | - | - |
Historical performance and flows
As of September 2, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | CBO | -0.50% | -0.20% | +0.92% | +2.34% | +17.55% |
CTBD | -0.12% | +0.38% | +1.34% | +2.55% | - | |
| Flows | CBO | +$15 M | +$37 M | +$170 M | +$179 M | +$168 M |
CTBD | +$7 M | +$31 M | +$68 M | +$89 M | - |
CBO vs CTBD exposure
Countries
CBO
Canada
91.36%
USA
8.39%
CTBD
Canada
89.34%
USA
9.84%
Sectors
CBO
Finance
58.12%
Industrials
13.82%
Utilities
12.83%
Other
15.23%
CTBD
Finance
53.23%
Utilities
11.56%
Other
35.21%
As of September 2, 2026
Top 10 Holdings
CBO
Toronto-Dominion Bank, 4.133% 9jan2033, CAD
3.89%
Pacific Life Global Funding II, 4.195% 29jul2032, CAD (2025-8)
1.72%
New York Life Global Funding, 4% 17jun2032, CAD (2025-8)
1.72%
Coastal Gaslink Pipeline LP, 4.907% 30jun2031, CAD (C)
1.39%
Massmutual Global Funding II, 4.127% 15jul2032, CAD (2025-5)
1.29%
Greater Toronto Airports Authority, 7.1% 4jun2031, CAD (2001-1)
1.29%
ProLogis LP, 3.6% 15feb2032, CAD
1.27%
Hydro One Inc, 1.69% 16jan2031, CAD (49)
1.09%
Toronto-Dominion Bank, 3.605% 10sep2031, CAD
1.07%
Sun Life Financial, 2.06% 1oct2035, CAD (2020-2)
1.07%
CTBD
Honda Canada Finance, 1.646% 25feb2028, CAD
5.90%
Athene Global Funding, 2.47% 9jun2028, CAD (2021-14)
5.06%
Granite REIT Holdings, 2.194% 30aug2028, CAD
4.97%
Bruce Power, 2.68% 21dec2028, CAD (2021-1)
4.95%
WSP Global, 2.408% 19apr2028, CAD
4.95%
Allied Properties REIT, 3.131% 15may2028, CAD (G)
4.94%
Summit Industrial Income REIT, 2.44% 14jul2028, CAD (D)
4.90%
AltaGas, 2.075% 30may2028, CAD (22)
4.84%
Royal Bank of Canada, 1.67% 28jan2033, CAD (23)
4.82%
RioCan REIT, 2.829% 8nov2028, CAD (AE)
4.81%
Diversification
CBO
Total weight of top 10 holdings out of 454 total
15.79%
CTBD
Total weight of top 10 holdings out of 30 total
50.14%
Characteristics
Compare
CBO
CTBD
| Provider | iShares | CIBC |
| Management | Passively managed | Actively managed |
| Benchmark | FTSE Canada 1-5 Year Laddered Corporate Bond TR Index - CAD | - |
| Replication Method | Direct (Physical) | |
| Asset Class | Fixed Income | Fixed Income |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 3.53% | 1.91% |
| Meets ESG criteria | No | No |
| Inception Date | February 25, 2009 | July 16, 2024 |
Frequently asked questions about CBO and CTBD
Which ETF has performed better year to date: CBO or CTBD?
As of September 2, 2026, CBO has returned 0.92% year to date, while CTBD has returned 1.34%. CTBD is ahead on YTD performance.
Which ETF is larger by assets under management: CBO or CTBD?
As of September 2, 2026, CBO manages $941.79 M in assets, while CTBD manages $131.02 M. CBO is the larger fund by AUM.
How are CBO and CTBD managed?
CBO is passively managed by iShares. It tracks the FTSE Canada 1-5 Year Laddered Corporate Bond TR Index - CAD benchmark. CTBD is actively managed by CIBC. It does not track an index.
What sectors do CBO and CTBD emphasize?
CBO is most exposed to Finance, Industrials, and Utilities. CTBD is most exposed to Finance, Utilities, and Telecommunications.
Which ETF is attracting more investor flows: CBO or CTBD?
Year to date, CBO has seen +$169.52 M in net flows, compared with +$68.22 M for CTBD. CBO has attracted more net investor money so far.
How do the fees of CBO and CTBD compare?
CBO has an expense ratio of 0.27%, while CTBD has an expense ratio of 0.23%.
What are the top holdings of CBO and CTBD?
CBO's largest holdings include Toronto-Dominion Bank, 4.133% 9jan2033, CAD, Pacific Life Global Funding II, 4.195% 29jul2032, CAD (2025-8), and New York Life Global Funding, 4% 17jun2032, CAD (2025-8). CTBD's top holdings include Honda Canada Finance, 1.646% 25feb2028, CAD, Athene Global Funding, 2.47% 9jun2028, CAD (2021-14), and Granite REIT Holdings, 2.194% 30aug2028, CAD.
Which ETF is more diversified: CBO or CTBD?
CBO holds 454 securities, while CTBD holds 30. On holdings count, CBO is the more diversified portfolio.
Recent articles about CBO and CTBD
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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.