VS
Global X Short-Term Government Bond Premium Yield ETF (PAYS) and iShares ESG Advanced Canadian Corporate Bond Index ETF (XCBG) offer distinct profiles for Canadian ETF investors. A direct comparison shows that PAYS focuses its top 3 sector exposures on Sovereign, Government Agencies, and Non-Corporate, while XCBG leans towards Finance, Telecommunications, and Utilities. When evaluating costs, PAYS features a management fee (MER) of 0.4%, compared to 0.15% for XCBG. Performance-wise, PAYS has returned 0.88% year-to-date with +$25 M in net flows, whereas XCBG is at 0.49% with -$13 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
PAYS
XCBG
| AuM | $104.49 M | $83.28 M |
| Management Fees | 0.40% | 0.15% |
| Exp. ratio | 0.52% | 0.17% |
| Tracking Difference | - | -0.14% |
Historical performance and flows
As of September 2, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | PAYS | -0.01% | -0.02% | +0.88% | +1.61% | - |
XCBG | -0.81% | -1.02% | +0.49% | +2.38% | +18.13% | |
| Flows | PAYS | -$2 M | -$2 M | +$25 M | +$13 M | - |
XCBG | +$2 M | +$6 M | -$13 M | +$4 M | +$62 M |
PAYS vs XCBG exposure
Countries
PAYS
Canada
79.28%
USA
12.21%
Other
8.51%
XCBG
Canada
85.03%
USA
12.88%
Sectors
PAYS
Sovereign
87.78%
Other
8.51%
XCBG
Finance
61.13%
Telecommunications
16.61%
Utilities
8.63%
Other
13.63%
As of September 2, 2026
Top 10 Holdings
PAYS
Canada, Bills 0% 9nov2023, CAD (364D)
64.93%
CA37893H2037
6.44%
CA37966J2011
1.87%
Canada, Bonds 2.75% 1sep2030, CAD
1.54%
Canada, Bonds 3.25% 1sep2028, CAD
1.26%
Canada, Bonds 2.75% 1mar2031, CAD
1.23%
Canada, Bonds 4% 1mar2029, CAD
1.17%
Canada, Bonds 2.75% 1mar2030, CAD
1.13%
Canada, Bonds 3.5% 1sep2029, CAD
1.05%
Canada, Bond 1.25 1jun2030 10Y
0.87%
XCBG
Toronto-Dominion Bank, 3.687% 9jan2032, CAD
1.33%
Bank of Nova Scotia, 3.61% 30jan2032, CAD
1.17%
CIBC, 3.65% 13jan2032, CAD
1.09%
Bank of Nova Scotia, 3.734% 27jun2031, CAD
0.97%
Royal Bank of Canada, 3.572% 9dec2031, CAD
0.91%
Toronto-Dominion Bank, 3.842% 29may2031, CAD
0.86%
Bank of Montreal, 3.19% 1mar2028, CAD
0.86%
Bank of Montreal, 4.709% 7dec2027, CAD
0.86%
Equinix, 4% 15nov2032, CAD
0.84%
Alphabet, 5% 15may2056, CAD
0.83%
Diversification
PAYS
Total weight of top 10 holdings out of 74 total
81.50%
XCBG
Total weight of top 10 holdings out of 365 total
9.72%
Characteristics
Compare
PAYS
XCBG
| Provider | Global X | iShares |
| Management | Actively managed | Passively managed |
| Benchmark | - | Bloomberg MSCI Canada Corporate Choice ESG Screened 10% Issuer Capped Index - CAD |
| Replication Method | Direct (Physical) | |
| Asset Class | Fixed Income | Fixed Income |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 5.43% | 4.06% |
| Meets ESG criteria | No | Yes |
| Inception Date | May 21, 2024 | August 6, 2021 |
Frequently asked questions about PAYS and XCBG
Which ETF has performed better year to date: PAYS or XCBG?
As of September 2, 2026, PAYS has returned 0.88% year to date, while XCBG has returned 0.49%. PAYS is ahead on YTD performance.
Which ETF is larger by assets under management: PAYS or XCBG?
As of September 2, 2026, PAYS manages $104.49 M in assets, while XCBG manages $83.28 M. PAYS is the larger fund by AUM.
How are PAYS and XCBG managed?
PAYS is actively managed by Global X. It does not track an index. XCBG is passively managed by iShares. It tracks the Bloomberg MSCI Canada Corporate Choice ESG Screened 10% Issuer Capped Index - CAD benchmark.
What sectors do PAYS and XCBG emphasize?
PAYS is most exposed to Sovereign, Government Agencies, and Non-Corporate. XCBG is most exposed to Finance, Telecommunications, and Utilities.
Which ETF is attracting more investor flows: PAYS or XCBG?
Year to date, PAYS has seen +$24.54 M in net flows, compared with -$13.01 M for XCBG. PAYS has attracted more net investor money so far.
How do the fees of PAYS and XCBG compare?
PAYS has an expense ratio of 0.52%, while XCBG has an expense ratio of 0.17%.
What are the top holdings of PAYS and XCBG?
PAYS's largest holdings include Canada, Bills 0% 9nov2023, CAD (364D) and Canada, Bonds 2.75% 1sep2030, CAD. XCBG's top holdings include Toronto-Dominion Bank, 3.687% 9jan2032, CAD, Bank of Nova Scotia, 3.61% 30jan2032, CAD, and CIBC, 3.65% 13jan2032, CAD.
Which ETF is more diversified: PAYS or XCBG?
PAYS holds 73 securities, while XCBG holds 365. On holdings count, XCBG 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.