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Compare iShares 1-10 Year Laddered Government Bond Index ETF (CLG) vs BMO Long Federal Bond Index ETF (ZFL) to find the best fit for your portfolio. CLG provides Municipal, Sovereign, and Government Agencies exposures, while ZFL is primarily weighted in Sovereign. When evaluating costs, CLG features a management fee (MER) of 0.15%, compared to 0.2% for ZFL. Performance-wise, CLG has returned 0.57% year-to-date with +$173 M in net flows, whereas ZFL is at 4.03% with +$180 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
CLG
ZFL
| AuM | $1,007.08 M | $1,355.59 M |
| Management Fees | 0.15% | 0.20% |
| Exp. ratio | 0.17% | 0.22% |
| Tracking Difference | - | - |
Historical performance and flows
As of October 16, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | CLG | +0.83% | -0.58% | +0.57% | -0.04% | +14.98% |
ZFL | -1.36% | -3.73% | -4.03% | -8.03% | +5.13% | |
| Flows | CLG | +$10 M | +$33 M | +$173 M | +$279 M | +$421 M |
ZFL | +$61 M | +$123 M | +$180 M | -$1,173 M | -$1,197 M |
CLG vs ZFL exposure
Countries
CLG
Canada
100.72%
ZFL
Canada
100.00%
Sectors
CLG
Municipal
40.25%
Sovereign
39.91%
Government Agencies
17.81%
ZFL
Sovereign
100.00%
As of October 16, 2026
Top 10 Holdings
CLG
Canada, Bond 2 1jun2028 10Y
4.23%
Canada, Bond 1.25 1jun2030 10Y
3.80%
Canada, Bonds 2.5% 1dec2032, CAD
2.40%
Canada, Bonds 2.75% 1jun2033, CAD
2.38%
Canada, Bond 1 1jun2027 10Y
2.19%
Canada, Bonds 1.5% 1dec2031 10Y
2.13%
Canada, Bonds 2% 1jun2032, CAD
2.10%
Canada, Bond 0.5 1oct2030 10Y
2.06%
Canada, Bond 1.5 1jun2031 10Y
1.97%
CMHC, 2.65% 15dec2028, CAD (85)
1.96%
ZFL
Canada, Bond 2 1jan2051 30Y
21.12%
Canada, Bonds 2.75% 1dec2055, CAD
16.14%
Canada, Bonds 3.5% 1dec2057, CAD
15.61%
Canada, Bond 3.5 1dec2045 30Y
14.76%
Canada, Bond 4 1jun2041 30Y
12.42%
Canada, Bond 2.75 1dec2048 30Y
11.36%
Canada, Bond 1.75 1dec2053 30Y
8.59%
Diversification
CLG
Total weight of top 10 holdings out of 98 total
25.23%
ZFL
Total weight of top 10 holdings out of 7 total
100.00%
Characteristics
Compare
CLG
ZFL
| Provider | iShares | BMO |
| Management | Passively managed | Passively managed |
| Benchmark | FTSE Canada 1-10 Year Laddered Government Bond TR Index - CAD | FTSE TMX Canada Long Term Federal Bond TR Index - CAD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Fixed Income | Fixed Income |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 2.62% | 2.97% |
| Meets ESG criteria | No | No |
| Inception Date | October 20, 2011 | May 19, 2010 |
Frequently asked questions about CLG and ZFL
Which ETF has performed better year to date: CLG or ZFL?
As of October 16, 2026, CLG has returned 0.57% year to date, while ZFL has returned -4.03%. CLG is ahead on YTD performance.
Which ETF is larger by assets under management: CLG or ZFL?
As of October 16, 2026, CLG manages $1.01 B in assets, while ZFL manages $1.36 B. ZFL is the larger fund by AUM.
How are CLG and ZFL managed?
CLG is passively managed by iShares. It tracks the FTSE Canada 1-10 Year Laddered Government Bond TR Index - CAD benchmark. ZFL is passively managed by BMO. It tracks the FTSE TMX Canada Long Term Federal Bond TR Index - CAD benchmark.
What sectors do CLG and ZFL emphasize?
CLG is most exposed to Municipal, Sovereign, and Government Agencies. ZFL is most exposed to Sovereign.
Which ETF is attracting more investor flows: CLG or ZFL?
Year to date, CLG has seen +$172.85 M in net flows, compared with +$179.67 M for ZFL. ZFL has attracted more net investor money so far.
How do the fees of CLG and ZFL compare?
CLG has an expense ratio of 0.17%, while ZFL has an expense ratio of 0.22%.
What are the top holdings of CLG and ZFL?
CLG's largest holdings include Canada, Bond 2 1jun2028 10Y, Canada, Bond 1.25 1jun2030 10Y, and Canada, Bonds 2.5% 1dec2032, CAD. ZFL's top holdings include Canada, Bond 2 1jan2051 30Y, Canada, Bonds 2.75% 1dec2055, CAD, and Canada, Bonds 3.5% 1dec2057, CAD.
Which ETF is more diversified: CLG or ZFL?
CLG holds 98 securities, while ZFL holds 7. On holdings count, CLG is the more diversified portfolio.
Recent articles about CLG and ZFL
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