VS
iShares 1-5 Year Laddered Government Bond Index ETF (CLF) and iShares Floating Rate Index ETF (XFR) 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 XFR leans towards Government Agencies, Municipal, and Finance. When evaluating costs, CLF features a management fee (MER) of 0.15%, compared to 0.12% for XFR. Performance-wise, CLF has returned 0.58% year-to-date with +$154 M in net flows, whereas XFR is at 1.78% with +$64 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
XFR
| AuM | $762.62 M | $811.63 M |
| Management Fees | 0.15% | 0.12% |
| Exp. ratio | 0.17% | 0.13% |
| 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% |
XFR | +0.22% | +0.70% | +1.78% | +2.82% | +11.73% | |
| Flows | CLF | +$9 M | +$28 M | +$154 M | +$163 M | +$219 M |
XFR | +$8 M | -$10 M | +$64 M | +$102 M | -$53 M |
CLF vs XFR exposure
Countries
CLF
Canada
99.93%
XFR
Canada
99.87%
Sectors
CLF
Municipal
40.18%
Sovereign
39.70%
Government Agencies
11.11%
Finance
8.93%
XFR
Government Agencies
51.95%
Municipal
35.75%
Finance
11.48%
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%
XFR
Province of Ontario, FRN 27nov2028, CAD (DMTN261)
9.53%
Canada Housing Trust, FRN 15sep2027, CAD (108)
8.92%
Canada Housing Trust, FRN 15mar2028, CAD (111)
8.54%
Canada Housing Trust, FRN 15sep2028, CAD (114)
8.12%
CMHC, FRN 15mar2027, CAD (103)
6.68%
Province of Quebec, FRN 22jul2030, CAD (B139)
5.35%
Province of Ontario, FRN 21feb2030, CAD (DMTN270)
5.29%
Province of Ontario, FRN 19nov2030, CAD (DMTN274)
5.10%
Province of Ontario, FRN 13jan2031, CAD (DMTN275)
5.05%
Canada Housing Trust, FRN 15mar2030, CAD (124)
4.98%
Diversification
CLF
Total weight of top 10 holdings out of 84 total
29.53%
XFR
Total weight of top 10 holdings out of 25 total
67.55%
Characteristics
Compare
CLF
XFR
| Provider | iShares | iShares |
| Management | Passively managed | Passively managed |
| Benchmark | FTSE Canada 1-5 Year Laddered Government Bond TR Index - CAD | FTSE Canada Floating Rate Note TR Index - CAD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Fixed Income | Fixed Income |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 2.30% | 2.67% |
| Meets ESG criteria | No | No |
| Inception Date | January 31, 2008 | December 6, 2011 |
Frequently asked questions about CLF and XFR
Which ETF has performed better year to date: CLF or XFR?
As of September 2, 2026, CLF has returned 0.58% year to date, while XFR has returned 1.78%. XFR is ahead on YTD performance.
Which ETF is larger by assets under management: CLF or XFR?
As of September 2, 2026, CLF manages $762.62 M in assets, while XFR manages $811.63 M. XFR is the larger fund by AUM.
How are CLF and XFR managed?
CLF is passively managed by iShares. It tracks the FTSE Canada 1-5 Year Laddered Government Bond TR Index - CAD benchmark. XFR is passively managed by iShares. It tracks the FTSE Canada Floating Rate Note TR Index - CAD benchmark.
What sectors do CLF and XFR emphasize?
CLF is most exposed to Municipal, Sovereign, and Government Agencies. XFR is most exposed to Government Agencies, Municipal, and Finance.
Which ETF is attracting more investor flows: CLF or XFR?
Year to date, CLF has seen +$154.49 M in net flows, compared with +$64.12 M for XFR. CLF has attracted more net investor money so far.
How do the fees of CLF and XFR compare?
CLF has an expense ratio of 0.17%, while XFR has an expense ratio of 0.13%.
What are the top holdings of CLF and XFR?
CLF's largest holdings include Canada, Bond 2 1jun2028 10Y, Canada, Bonds 2.75% 1sep2027, CAD, and Canada, Bond 2.25 1jun2029 10Y. XFR's top holdings include Province of Ontario, FRN 27nov2028, CAD (DMTN261), Canada Housing Trust, FRN 15sep2027, CAD (108), and Canada Housing Trust, FRN 15mar2028, CAD (111).
Which ETF is more diversified: CLF or XFR?
CLF holds 84 securities, while XFR holds 25. On holdings count, CLF is the more diversified portfolio.
Recent articles about CLF and XFR
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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.