VS
Compare Franklin Canadian Ultra Short Term Bond Fund (FHIS) vs CIBC Active Investment Grade Floating Rate Bond ETF (CFRN) to find the best fit for your portfolio. FHIS provides Finance, Energy, and Telecommunications exposures, while CFRN is primarily weighted in Finance, Consumer Cyclicals, and Industrials. When evaluating costs, FHIS features a management fee (MER) of 0.15%, compared to 0.3% for CFRN. Performance-wise, FHIS has returned 2.17% year-to-date with +$228 M in net flows, whereas CFRN is at 2.3% with +$105 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
FHIS
CFRN
| AuM | $521.90 M | $655.94 M |
| Management Fees | 0.15% | 0.30% |
| Exp. ratio | 0.17% | 0.32% |
| Tracking Difference | - | - |
Historical performance and flows
As of November 3, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | FHIS | +0.21% | +0.53% | +2.17% | +2.57% | +12.61% |
CFRN | +0.18% | +0.62% | +2.30% | +2.79% | +12.14% | |
| Flows | FHIS | +$92 M | +$140 M | +$228 M | +$248 M | +$411 M |
CFRN | +$17 M | +$32 M | +$105 M | +$144 M | +$311 M |
FHIS vs CFRN exposure
Countries
FHIS
Canada
54.57%
Other
37.52%
USA
7.91%
CFRN
Canada
63.51%
Other
29.44%
USA
7.05%
Sectors
FHIS
Finance
43.80%
Other
37.52%
Other
18.68%
CFRN
Finance
47.74%
Other
29.44%
Consumer Cyclicals
12.46%
Other
10.37%
As of November 3, 2026
Top 10 Holdings
FHIS
Bank of Montreal, 6.034% 7sep2033, CAD (M)
2.05%
Royal Bank of Canada, 5.01% 1feb2033, CAD (26)
1.91%
Goldman Sachs, 2.013% 28feb2029, CAD
1.91%
SmartCentres REIT, 5.354% 29may2028, CAD
1.83%
Manulife Financial Corporation, 5.409% 10mar2033, CAD
1.82%
Canadian Core Real Estate, 3.299% 2mar2027, CAD (1)
1.78%
CA292976X284
1.78%
Royal Bank of Canada, 2.94% 3may2032, CAD (25)
1.78%
Sun Life Financial, 2.58% 10may2032, CAD (2020-1)
1.77%
Sun Life Financial, 2.8% 21nov2033, CAD (2021-2)
1.74%
CFRN
Equitable Bank, FRN 3aug2027, CAD
4.33%
Granite REIT Holdings, FRN 11dec2026, CAD
4.09%
Original WEMPI, 7.791% 4oct2027, CAD (144A)
4.05%
VW Credit Canada, FRN 19feb2027, CAD
3.94%
CA884903BX23
3.94%
Bank of Nova Scotia, FRN 10mar2029, CAD
3.93%
Enbridge, FRN 25feb2028, CAD
3.58%
Toyota Credit Canada, FRN 20nov2028, CAD (97)
3.54%
Dream Summit Industrial, FRN 4mar2028, CAD
3.32%
Chartwell Retirement Residences, 6% 8dec2026, CAD
3.21%
Diversification
FHIS
Total weight of top 10 holdings out of 130 total
18.34%
CFRN
Total weight of top 10 holdings out of 40 total
37.92%
Characteristics
Compare
FHIS
CFRN
| Provider | Franklin Templeton | CIBC |
| Management | Actively managed | Actively managed |
| Benchmark | - | - |
| Replication Method | - | - |
| Asset Class | Fixed Income | Fixed Income |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 3.26% | 3.09% |
| Meets ESG criteria | No | No |
| Inception Date | September 12, 2022 | January 22, 2019 |
Frequently asked questions about FHIS and CFRN
Which ETF has performed better year to date: FHIS or CFRN?
As of November 3, 2026, FHIS has returned 2.17% year to date, while CFRN has returned 2.30%. CFRN is ahead on YTD performance.
Which ETF is larger by assets under management: FHIS or CFRN?
As of November 3, 2026, FHIS manages $521.90 M in assets, while CFRN manages $655.94 M. CFRN is the larger fund by AUM.
How are FHIS and CFRN managed?
FHIS is actively managed by Franklin Templeton. It does not track an index. CFRN is actively managed by CIBC. It does not track an index.
What sectors do FHIS and CFRN emphasize?
FHIS is most exposed to Finance, Energy, and Telecommunications. CFRN is most exposed to Finance, Consumer Cyclicals, and Industrials.
Which ETF is attracting more investor flows: FHIS or CFRN?
Year to date, FHIS has seen +$228.40 M in net flows, compared with +$104.84 M for CFRN. FHIS has attracted more net investor money so far.
How do the fees of FHIS and CFRN compare?
FHIS has an expense ratio of 0.17%, while CFRN has an expense ratio of 0.32%.
What are the top holdings of FHIS and CFRN?
FHIS's largest holdings include Bank of Montreal, 6.034% 7sep2033, CAD (M) and Royal Bank of Canada, 5.01% 1feb2033, CAD (26). CFRN's top holdings include Equitable Bank, FRN 3aug2027, CAD and Granite REIT Holdings, FRN 11dec2026, CAD.
Which ETF is more diversified: FHIS or CFRN?
FHIS holds 83 securities, while CFRN holds 30. On holdings count, FHIS is the more diversified portfolio.
Recent articles about FHIS and CFRN
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