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Compare iShares 1-5 Year Laddered Government Bond Index ETF (CLF) vs BMO Government Bond Index ETF (ZGB) to find the best fit for your portfolio. CLF provides Municipal, Sovereign, and Government Agencies exposures, while ZGB is primarily weighted in Sovereign, Municipal, and Government Agencies. When evaluating costs, CLF features a management fee (MER) of 0.15%, compared to 0.15% for ZGB. Performance-wise, CLF has returned 0.74% year-to-date with +$165 M in net flows, whereas ZGB is at 0.67% with -$204 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
ZGB
| AuM | $772.68 M | $1,228.18 M |
| Management Fees | 0.15% | 0.15% |
| Exp. ratio | 0.16% | 0.16% |
| 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% |
ZGB | -0.47% | -1.64% | -0.67% | -2.11% | +13.95% | |
| Flows | CLF | +$7 M | +$24 M | +$165 M | +$179 M | +$226 M |
ZGB | +$0 M | -$4 M | -$204 M | -$187 M | +$169 M |
CLF vs ZGB exposure
Countries
CLF
Canada
99.84%
ZGB
Canada
100.00%
Sectors
CLF
Municipal
40.12%
Sovereign
39.69%
Government Agencies
11.10%
Finance
8.93%
ZGB
Sovereign
45.15%
Municipal
41.48%
Government Agencies
13.37%
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%
ZGB
Canada, Bond 1.25 1jun2030 10Y
12.58%
Canada, Bonds 2% 1jun2032, CAD
6.26%
Canada, Bonds 1.5% 1dec2031 10Y
6.16%
Canada Housing Trust, 4.25% 15mar2034, CAD (118)
3.50%
Canada, Bonds 3.5% 1mar2028, CAD
3.41%
Canada, Bonds 2.5% 1dec2032, CAD
3.20%
CMHC, 1.75% 15jun2030, CAD (92)
3.20%
Province of Ontario, 2.15% 2jun2031, CAD (DMTN249)
3.19%
Canada, Bonds 2.75% 1dec2055, CAD
2.59%
Province of Ontario, 2.65% 2dec2050, CAD (DMTN242)
2.32%
Diversification
CLF
Total weight of top 10 holdings out of 84 total
29.53%
ZGB
Total weight of top 10 holdings out of 50 total
46.41%
Characteristics
Compare
CLF
ZGB
| Provider | iShares | BMO |
| Management | Passively managed | Passively managed |
| Benchmark | FTSE Canada 1-5 Year Laddered Government Bond TR Index - CAD | FTSE Canada All Government Bond TR Index - CAD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Fixed Income | Fixed Income |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 2.32% | 2.71% |
| Meets ESG criteria | No | No |
| Inception Date | January 31, 2008 | March 7, 2018 |
Frequently asked questions about CLF and ZGB
Which ETF has performed better year to date: CLF or ZGB?
As of October 16, 2026, CLF has returned 0.74% year to date, while ZGB has returned -0.67%. CLF is ahead on YTD performance.
Which ETF is larger by assets under management: CLF or ZGB?
As of October 16, 2026, CLF manages $772.68 M in assets, while ZGB manages $1.23 B. ZGB is the larger fund by AUM.
How are CLF and ZGB managed?
CLF is passively managed by iShares. It tracks the FTSE Canada 1-5 Year Laddered Government Bond TR Index - CAD benchmark. ZGB is passively managed by BMO. It tracks the FTSE Canada All Government Bond TR Index - CAD benchmark.
What sectors do CLF and ZGB emphasize?
CLF is most exposed to Municipal, Sovereign, and Government Agencies. ZGB is most exposed to Sovereign, Municipal, and Government Agencies.
Which ETF is attracting more investor flows: CLF or ZGB?
Year to date, CLF has seen +$164.92 M in net flows, compared with -$203.91 M for ZGB. CLF has attracted more net investor money so far.
How do the fees of CLF and ZGB compare?
CLF has an expense ratio of 0.16%, while ZGB has an expense ratio of 0.16%.
What are the top holdings of CLF and ZGB?
CLF's largest holdings include Canada, Bond 2 1jun2028 10Y, Canada, Bonds 2.75% 1sep2027, CAD, and Canada, Bond 2.25 1jun2029 10Y. ZGB's top holdings include Canada, Bond 1.25 1jun2030 10Y, Canada, Bonds 2% 1jun2032, CAD, and Canada, Bonds 1.5% 1dec2031 10Y.
Which ETF is more diversified: CLF or ZGB?
CLF holds 84 securities, while ZGB holds 50. On holdings count, CLF is the more diversified portfolio.
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