VS
Compare iShares 1-10 Year Laddered Government Bond Index ETF (CLG) vs BMO Short Federal Bond Index ETF (ZFS) to find the best fit for your portfolio. CLG provides Municipal, Sovereign, and Government Agencies exposures, while ZFS is primarily weighted in Sovereign and Government Agencies. When evaluating costs, CLG features a management fee (MER) of 0.15%, compared to 0.2% for ZFS. Performance-wise, CLG has returned 0.57% year-to-date with +$160 M in net flows, whereas ZFS is at 0.73% with +$609 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
ZFS
| AuM | $996.42 M | $963.29 M |
| Management Fees | 0.15% | 0.20% |
| Exp. ratio | 0.17% | 0.21% |
| Tracking Difference | - | - |
Historical performance and flows
As of September 4, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | CLG | -0.65% | -0.52% | +0.57% | +1.49% | +13.58% |
ZFS | -0.35% | -0.07% | +0.73% | +1.50% | +12.11% | |
| Flows | CLG | +$10 M | +$70 M | +$160 M | +$283 M | +$421 M |
ZFS | +$62 M | +$123 M | +$609 M | +$510 M | -$66 M |
CLG vs ZFS exposure
Countries
CLG
Canada
99.97%
ZFS
Canada
100.00%
Sectors
CLG
Municipal
40.39%
Sovereign
39.40%
Government Agencies
17.48%
ZFS
Sovereign
74.18%
Government Agencies
25.82%
As of September 4, 2026
Top 10 Holdings
CLG
Canada, Bond 2 1jun2028 10Y
4.15%
Canada, Bond 1.25 1jun2030 10Y
3.74%
Canada, Bonds 2.5% 1dec2032, CAD
2.38%
Canada, Bonds 2.75% 1jun2033, CAD
2.35%
Canada, Bond 1 1jun2027 10Y
2.17%
Canada, Bonds 1.5% 1dec2031 10Y
2.12%
Canada, Bonds 2% 1jun2032, CAD
2.07%
Canada, Bond 0.5 1oct2030 10Y
2.04%
Canada, Bond 1.5 1jun2031 10Y
1.94%
CMHC, 2.65% 15dec2028, CAD (85)
1.93%
ZFS
Canada, Bonds 2.75% 1sep2030, CAD
10.71%
Canada, Bonds 3.25% 1sep2028, CAD
8.77%
Canada, Bonds 2.75% 1mar2031, CAD
8.54%
Canada, Bonds 4% 1mar2029, CAD
8.18%
Canada, Bonds 2.75% 1mar2030, CAD
7.88%
Canada, Bonds 3.5% 1sep2029, CAD
7.35%
Canada, Bond 1.25 1jun2030 10Y
6.09%
Canada, Bonds 2.25% 1feb2028, CAD
5.76%
Canada, Bonds 3.5% 1mar2028, CAD
4.40%
CMHC, 1.75% 15jun2030, CAD (92)
4.13%
Diversification
CLG
Total weight of top 10 holdings out of 99 total
24.89%
ZFS
Total weight of top 10 holdings out of 24 total
71.81%
Characteristics
Compare
CLG
ZFS
| Provider | iShares | BMO |
| Management | Passively managed | Passively managed |
| Benchmark | FTSE Canada 1-10 Year Laddered Government Bond TR Index - CAD | FTSE TMX Canada Short Term Federal Bond Index - CAD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Fixed Income | Fixed Income |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 2.60% | 2.55% |
| Meets ESG criteria | No | No |
| Inception Date | October 20, 2011 | October 20, 2009 |
Frequently asked questions about CLG and ZFS
Which ETF has performed better year to date: CLG or ZFS?
As of September 4, 2026, CLG has returned 0.57% year to date, while ZFS has returned 0.73%. ZFS is ahead on YTD performance.
Which ETF is larger by assets under management: CLG or ZFS?
As of September 4, 2026, CLG manages $996.42 M in assets, while ZFS manages $963.29 M. CLG is the larger fund by AUM.
How are CLG and ZFS managed?
CLG is passively managed by iShares. It tracks the FTSE Canada 1-10 Year Laddered Government Bond TR Index - CAD benchmark. ZFS is passively managed by BMO. It tracks the FTSE TMX Canada Short Term Federal Bond Index - CAD benchmark.
What sectors do CLG and ZFS emphasize?
CLG is most exposed to Municipal, Sovereign, and Government Agencies. ZFS is most exposed to Sovereign and Government Agencies.
Which ETF is attracting more investor flows: CLG or ZFS?
Year to date, CLG has seen +$160.04 M in net flows, compared with +$608.80 M for ZFS. ZFS has attracted more net investor money so far.
How do the fees of CLG and ZFS compare?
CLG has an expense ratio of 0.17%, while ZFS has an expense ratio of 0.21%.
What are the top holdings of CLG and ZFS?
CLG's largest holdings include Canada, Bond 2 1jun2028 10Y, Canada, Bond 1.25 1jun2030 10Y, and Canada, Bonds 2.5% 1dec2032, CAD. ZFS's top holdings include Canada, Bonds 2.75% 1sep2030, CAD, Canada, Bonds 3.25% 1sep2028, CAD, and Canada, Bonds 2.75% 1mar2031, CAD.
Which ETF is more diversified: CLG or ZFS?
CLG holds 99 securities, while ZFS holds 24. On holdings count, CLG is the more diversified portfolio.
Recent articles about CLG and ZFS
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