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Purpose Global Flexible Credit Fund (FLX) and iShares U.S. Aggregate Bond Index ETF (XAGH) offer distinct profiles for Canadian ETF investors. A direct comparison shows that FLX focuses its top 3 sector exposures on Industrials, Energy, and Finance, while XAGH leans towards Sovereign, Finance, and Industrials. When evaluating costs, FLX features a management fee (MER) of 0.85%, compared to 0.18% for XAGH. Performance-wise, FLX has returned 0.25% year-to-date with -$1 M in net flows, whereas XAGH is at 1.5% with -$60 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
FLX
XAGH
| AuM | $16.74 M | $311.85 M |
| Management Fees | 0.85% | 0.18% |
| Exp. ratio | 1.29% | 0.20% |
| Tracking Difference | - | -0.16% |
Historical performance and flows
As of September 3, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | FLX | -0.98% | -0.69% | +0.25% | +1.56% | +24.08% |
XAGH | -0.53% | -0.97% | -1.50% | -0.18% | +8.53% | |
| Flows | FLX | -$1 M | -$1 M | -$1 M | -$1 M | -$10 M |
XAGH | -$12 M | -$77 M | -$60 M | +$32 M | +$284 M |
FLX vs XAGH exposure
Countries
FLX
USA
43.53%
Other
30.04%
Other
26.43%
XAGH
USA
77.34%
Other
17.21%
Sectors
FLX
Other
30.04%
Industrials
11.07%
Energy
8.88%
Finance
8.45%
Utilities
7.35%
Other
34.21%
XAGH
Sovereign
47.52%
Other
17.21%
Finance
10.19%
Industrials
7.10%
Other
17.98%
As of September 3, 2026
Top 10 Holdings
FLX
Pacific Gas & Electric, 6.75% 15jan2053, USD
2.24%
USG67837AQ00
2.22%
USG6782BAC30
2.19%
Angola, 9.375% 8may2048, USD
1.38%
Oracle, 5.55% 6feb2053, USD
1.33%
JSW Steel, 5.05% 5apr2032, USD
1.29%
Electricite de France (EDF), 5.875% perp., GBP (25)
1.18%
Elia, 5.85% perp., EUR
1.05%
Diamondback Energy, 3.5% 1dec2029, USD
1.02%
Galaxy Helios Data Center II, 9.875% 1aug2031, USD
0.93%
XAGH
BlackRock Cash Funds - Institutional
2.85%
USA, Notes 4.625% 15feb2035, USD (B-2035)
0.42%
USA, Notes 4% 28feb2030, USD (H-2030)
0.41%
USA, Notes 4.25% 15nov2034, USD (F-2034)
0.41%
USA, Notes 4.375% 15may2034, USD (C-2034)
0.40%
USA, Notes 4.125% 15feb2036, USD (B-2036)
0.40%
USA, Notes 3.875% 15aug2034, USD (E-2034)
0.40%
USA, Notes 4.25% 15aug2035, USD (E-2035)
0.39%
USA, Notes 4.25% 15may2035, USD (C-2035)
0.39%
USA, Notes 4.5% 15nov2033, USD (F-2033)
0.39%
Diversification
FLX
Total weight of top 10 holdings out of 311 total
14.83%
XAGH
Total weight of top 10 holdings out of 13,243 total
6.47%
Characteristics
Compare
FLX
XAGH
| Provider | Purpose Investments | iShares |
| Management | Actively managed | Passively managed |
| Benchmark | - | Bloomberg US Aggregate Bond Index - CAD Hedged |
| Replication Method | ||
| Asset Class | Fixed Income | Fixed Income |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 7.51% | 4.27% |
| Meets ESG criteria | No | No |
| Inception Date | June 17, 2011 | August 6, 2021 |
Frequently asked questions about FLX and XAGH
Which ETF has performed better year to date: FLX or XAGH?
As of September 3, 2026, FLX has returned 0.25% year to date, while XAGH has returned -1.50%. FLX is ahead on YTD performance.
Which ETF is larger by assets under management: FLX or XAGH?
As of September 3, 2026, FLX manages $16.74 M in assets, while XAGH manages $311.85 M. XAGH is the larger fund by AUM.
How are FLX and XAGH managed?
FLX is actively managed by Purpose Investments. It does not track an index. XAGH is passively managed by iShares. It tracks the Bloomberg US Aggregate Bond Index - CAD Hedged benchmark.
What sectors do FLX and XAGH emphasize?
FLX is most exposed to Industrials, Energy, and Finance. XAGH is most exposed to Sovereign, Finance, and Industrials.
Which ETF is attracting more investor flows: FLX or XAGH?
Year to date, FLX has seen -$0.86 M in net flows, compared with -$59.58 M for XAGH. FLX has attracted more net investor money so far.
How do the fees of FLX and XAGH compare?
FLX has an expense ratio of 1.29%, while XAGH has an expense ratio of 0.20%.
What are the top holdings of FLX and XAGH?
FLX's largest holdings include Pacific Gas & Electric, 6.75% 15jan2053, USD and Angola, 9.375% 8may2048, USD. XAGH's top holdings include BlackRock Cash Funds - Institutional and USA, Notes 4.625% 15feb2035, USD (B-2035).
Which ETF is more diversified: FLX or XAGH?
FLX holds 280 securities, while XAGH holds 10356. On holdings count, XAGH is the more diversified portfolio.
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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.