VS
iShares 1-5 Year Laddered Government Bond Index ETF (CLF) and Global X 0-3 Month T-Bill ETF (CBIL) offer distinct profiles for Canadian ETF investors. A direct comparison shows that CLF focuses its top 3 sector exposures on Municipal, Sovereign, and Government Agencies, while CBIL leans towards Sovereign. When evaluating costs, CLF features a management fee (MER) of 0.15%, compared to 0.1% for CBIL. Performance-wise, CLF has returned 0.58% year-to-date with +$154 M in net flows, whereas CBIL is at 1.46% with +$1 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
CLF
CBIL
| AuM | $762.62 M | $2,750.21 M |
| Management Fees | 0.15% | 0.10% |
| Exp. ratio | 0.17% | 0.11% |
| Tracking Difference | - | - |
Historical performance and flows
As of September 2, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | CLF | -0.52% | -0.32% | +0.58% | +1.67% | +13.05% |
CBIL | +0.18% | +0.55% | +1.46% | +2.24% | +7.35% | |
| Flows | CLF | +$9 M | +$28 M | +$154 M | +$163 M | +$219 M |
CBIL | +$244 M | +$506 M | +$1,160 M | +$1,143 M | +$2,284 M |
CLF vs CBIL exposure
Countries
CLF
Canada
99.93%
CBIL
Canada
99.99%
Sectors
CLF
Municipal
40.18%
Sovereign
39.70%
Government Agencies
11.11%
Finance
8.93%
CBIL
Sovereign
99.99%
As of September 2, 2026
Top 10 Holdings
CLF
Canada, Bond 2 1jun2028 10Y
4.15%
Canada, Bonds 2.75% 1sep2027, CAD
4.06%
Canada, Bond 2.25 1jun2029 10Y
2.80%
Canada, Bonds 3.25% 1sep2028, CAD
2.76%
Canada, Bond 1.25 1jun2030 10Y
2.69%
Canada, Bonds 2.25% 1dec2029, CAD
2.65%
Canada, Bond 0.5 1oct2030 10Y
2.62%
Canada, Bond 1.5 1jun2031 10Y
2.61%
Canada, Bonds 3.5% 1sep2029, CAD
2.60%
Canada, Bonds 2.75% 1sep2030, CAD
2.59%
CBIL
Canada, Bills 0% 9nov2023, CAD (364D)
99.99%
Diversification
CLF
Total weight of top 10 holdings out of 84 total
29.53%
CBIL
Total weight of top 10 holdings out of 1 total
99.99%
Characteristics
Compare
CLF
CBIL
| Provider | iShares | Global X |
| Management | Passively managed | Actively managed |
| Benchmark | FTSE Canada 1-5 Year Laddered Government Bond TR Index - CAD | - |
| Replication Method | Direct (Physical) | |
| Asset Class | Fixed Income | Fixed Income |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 2.30% | 2.23% |
| Meets ESG criteria | No | No |
| Inception Date | January 31, 2008 | April 12, 2023 |
Frequently asked questions about CLF and CBIL
Which ETF has performed better year to date: CLF or CBIL?
As of September 2, 2026, CLF has returned 0.58% year to date, while CBIL has returned 1.46%. CBIL is ahead on YTD performance.
Which ETF is larger by assets under management: CLF or CBIL?
As of September 2, 2026, CLF manages $762.62 M in assets, while CBIL manages $2.75 B. CBIL is the larger fund by AUM.
How are CLF and CBIL managed?
CLF is passively managed by iShares. It tracks the FTSE Canada 1-5 Year Laddered Government Bond TR Index - CAD benchmark. CBIL is actively managed by Global X. It does not track an index.
What sectors do CLF and CBIL emphasize?
CLF is most exposed to Municipal, Sovereign, and Government Agencies. CBIL is most exposed to Sovereign.
Which ETF is attracting more investor flows: CLF or CBIL?
Year to date, CLF has seen +$154.49 M in net flows, compared with +$1,160.07 M for CBIL. CBIL has attracted more net investor money so far.
How do the fees of CLF and CBIL compare?
CLF has an expense ratio of 0.17%, while CBIL has an expense ratio of 0.11%.
What are the top holdings of CLF and CBIL?
CLF's largest holdings include Canada, Bond 2 1jun2028 10Y, Canada, Bonds 2.75% 1sep2027, CAD, and Canada, Bond 2.25 1jun2029 10Y. CBIL's top holdings include Canada, Bills 0% 9nov2023, CAD (364D).
Which ETF is more diversified: CLF or CBIL?
CLF holds 84 securities, while CBIL holds 1. On holdings count, CLF is the more diversified portfolio.
Recent articles about CLF and CBIL
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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.