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iShares 1-5 Year Laddered Government Bond Index ETF (CLF) and RBC Canadian Discount Bond ETF (RCDB) 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 RCDB leans towards Finance, Municipal, and Sovereign. When evaluating costs, CLF features a management fee (MER) of 0.15%, compared to 0.15% for RCDB. Performance-wise, CLF has returned 0.74% year-to-date with +$165 M in net flows, whereas RCDB is at 0.86% with +$139 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
CLF
RCDB
| AuM | $772.68 M | $1,395.03 M |
| Management Fees | 0.15% | 0.15% |
| Exp. ratio | 0.16% | 0.17% |
| Tracking Difference | - | - |
Historical performance and flows
As of October 16, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | CLF | +0.69% | -0.25% | +0.74% | +0.49% | +13.88% |
RCDB | +0.00% | -0.38% | +0.86% | +0.70% | +15.13% | |
| Flows | CLF | +$7 M | +$24 M | +$165 M | +$179 M | +$226 M |
RCDB | -$34 M | -$10 M | +$139 M | +$157 M | +$339 M |
CLF vs RCDB exposure
Countries
CLF
Canada
99.84%
RCDB
Canada
99.08%
Sectors
CLF
Municipal
40.12%
Sovereign
39.69%
Government Agencies
11.10%
Finance
8.93%
RCDB
Finance
32.14%
Municipal
16.92%
Sovereign
16.13%
Utilities
7.90%
Government Agencies
7.17%
Other
19.73%
As of October 16, 2026
Top 10 Holdings
CLF
Canada, Bond 2 1jun2028 10Y
4.16%
Canada, Bonds 2.75% 1sep2027, CAD
4.07%
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
2.64%
Canada, Bond 0.5 1oct2030 10Y
2.62%
Canada, Bond 1.5 1jun2031 10Y
2.60%
Canada, Bonds 3.5% 1sep2029, CAD
2.60%
Canada, Bonds 2.75% 1sep2030, CAD
2.59%
RCDB
Canada, Bond 2 1jun2028 10Y
4.51%
Canada, Bond 0.5 1oct2030 10Y
3.70%
CMHC, 2.35% 15mar2028, CAD (80)
3.42%
Province of Ontario, 1.55% 1nov2029, CAD (DMTN251)
3.40%
Bell Canada, 1.65% 16aug2027, CAD (M-53)
2.24%
Province of Quebec, 1.9% 1sep2030, CAD (B127)
2.05%
CMHC, 1.75% 15jun2030, CAD (92)
2.02%
Royal Bank of Canada, 3.572% 9dec2031, CAD
1.92%
Hydro-Quebec, 2% 1sep2028, CAD (0082)
1.88%
Canada, Bonds 1.5% 1dec2031 10Y
1.78%
Diversification
CLF
Total weight of top 10 holdings out of 84 total
29.53%
RCDB
Total weight of top 10 holdings out of 111 total
26.91%
Characteristics
Compare
CLF
RCDB
| Provider | iShares | RBC Global Asset Management |
| 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 | 2.32% | 2.27% |
| Meets ESG criteria | No | No |
| Inception Date | January 31, 2008 | June 12, 2019 |
Frequently asked questions about CLF and RCDB
Which ETF has performed better year to date: CLF or RCDB?
As of October 16, 2026, CLF has returned 0.74% year to date, while RCDB has returned 0.86%. RCDB is ahead on YTD performance.
Which ETF is larger by assets under management: CLF or RCDB?
As of October 16, 2026, CLF manages $772.68 M in assets, while RCDB manages $1.40 B. RCDB is the larger fund by AUM.
How are CLF and RCDB managed?
CLF is passively managed by iShares. It tracks the FTSE Canada 1-5 Year Laddered Government Bond TR Index - CAD benchmark. RCDB is actively managed by RBC Global Asset Management. It does not track an index.
What sectors do CLF and RCDB emphasize?
CLF is most exposed to Municipal, Sovereign, and Government Agencies. RCDB is most exposed to Finance, Municipal, and Sovereign.
Which ETF is attracting more investor flows: CLF or RCDB?
Year to date, CLF has seen +$164.92 M in net flows, compared with +$139.16 M for RCDB. CLF has attracted more net investor money so far.
How do the fees of CLF and RCDB compare?
CLF has an expense ratio of 0.16%, while RCDB has an expense ratio of 0.17%.
What are the top holdings of CLF and RCDB?
CLF's largest holdings include Canada, Bond 2 1jun2028 10Y, Canada, Bonds 2.75% 1sep2027, CAD, and Canada, Bond 2.25 1jun2029 10Y. RCDB's top holdings include Canada, Bond 2 1jun2028 10Y, Canada, Bond 0.5 1oct2030 10Y, and CMHC, 2.35% 15mar2028, CAD (80).
Which ETF is more diversified: CLF or RCDB?
CLF holds 84 securities, while RCDB holds 111. On holdings count, RCDB is the more diversified portfolio.
Recent articles about CLF and RCDB
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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.