VS
CI Canadian Government Floating Rate Index ETF (PFL) and RBC Canadian Discount Bond ETF (RCDB) offer distinct profiles for Canadian ETF investors. A direct comparison shows that PFL focuses its top 3 sector exposures on Government Agencies and Municipal, while RCDB leans towards Finance, Municipal, and Sovereign. When evaluating costs, PFL features a management fee (MER) of 0.2%, compared to 0.15% for RCDB. Performance-wise, PFL has returned 1.81% year-to-date with +$16 M in net flows, whereas RCDB is at 0.86% with +$139 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
PFL
RCDB
| AuM | $278.86 M | $1,395.03 M |
| Management Fees | 0.20% | 0.15% |
| Exp. ratio | 0.13% | 0.17% |
| Tracking Difference | - | - |
Historical performance and flows
As of October 19, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | PFL | +0.17% | +0.44% | +1.81% | +2.36% | +9.25% |
RCDB | +0.00% | -0.38% | +0.86% | +0.70% | +15.13% | |
| Flows | PFL | +$9 M | +$14 M | +$16 M | -$14 M | -$434 M |
RCDB | -$34 M | -$10 M | +$139 M | +$157 M | +$339 M |
PFL vs RCDB exposure
Countries
PFL
Canada
99.98%
RCDB
Canada
99.08%
Sectors
PFL
Government Agencies
77.66%
Municipal
22.32%
RCDB
Finance
32.14%
Municipal
16.92%
Sovereign
16.13%
Utilities
7.90%
Government Agencies
7.17%
Other
19.73%
As of October 19, 2026
Top 10 Holdings
PFL
Canada Housing Trust, FRN 15mar2028, CAD (111)
16.44%
Canada Housing Trust, FRN 15sep2027, CAD (108)
16.43%
CMHC, FRN 15mar2029, CAD (119)
11.24%
Province of Ontario, FRN 27nov2028, CAD (DMTN261)
11.24%
Canada Housing Trust, FRN 15sep2028, CAD (114)
11.22%
Canada Housing Trust, FRN 15mar2030, CAD (124)
11.16%
Canada Housing Trust, FRN 15sep2029, CAD (121)
11.16%
Province of Ontario, FRN 21feb2030, CAD (DMTN270)
11.08%
RCDB
Canada, Bond 2 1jun2028 10Y
4.51%
Canada, Bond 0.5 1oct2030 10Y
3.70%
CMHC, 2.35% 15mar2028, CAD (80)
3.42%
Province of Ontario, 1.55% 1nov2029, CAD (DMTN251)
3.40%
Bell Canada, 1.65% 16aug2027, CAD (M-53)
2.24%
Province of Quebec, 1.9% 1sep2030, CAD (B127)
2.05%
CMHC, 1.75% 15jun2030, CAD (92)
2.02%
Royal Bank of Canada, 3.572% 9dec2031, CAD
1.92%
Hydro-Quebec, 2% 1sep2028, CAD (0082)
1.88%
Canada, Bonds 1.5% 1dec2031 10Y
1.78%
Diversification
PFL
Total weight of top 10 holdings out of 8 total
99.98%
RCDB
Total weight of top 10 holdings out of 111 total
26.91%
Characteristics
Compare
PFL
RCDB
| Provider | CI | RBC Global Asset Management |
| Management | Passively managed | Actively managed |
| Benchmark | FTSE Canada Government Floating Rate Note Index - CAD | - |
| Replication Method | Direct (Physical) | - |
| Asset Class | Fixed Income | Fixed Income |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 2.31% | 2.27% |
| Meets ESG criteria | No | No |
| Inception Date | July 21, 2014 | June 12, 2019 |
Frequently asked questions about PFL and RCDB
Which ETF has performed better year to date: PFL or RCDB?
As of October 19, 2026, PFL has returned 1.81% year to date, while RCDB has returned 0.86%. PFL is ahead on YTD performance.
Which ETF is larger by assets under management: PFL or RCDB?
As of October 19, 2026, PFL manages $278.86 M in assets, while RCDB manages $1.40 B. RCDB is the larger fund by AUM.
How are PFL and RCDB managed?
PFL is passively managed by CI. It tracks the FTSE Canada Government Floating Rate Note Index - CAD benchmark. RCDB is actively managed by RBC Global Asset Management. It does not track an index.
What sectors do PFL and RCDB emphasize?
PFL is most exposed to Government Agencies and Municipal. RCDB is most exposed to Finance, Municipal, and Sovereign.
Which ETF is attracting more investor flows: PFL or RCDB?
Year to date, PFL has seen +$15.57 M in net flows, compared with +$139.16 M for RCDB. RCDB has attracted more net investor money so far.
How do the fees of PFL and RCDB compare?
PFL has an expense ratio of 0.13%, while RCDB has an expense ratio of 0.17%.
What are the top holdings of PFL and RCDB?
PFL's largest holdings include Canada Housing Trust, FRN 15mar2028, CAD (111), Canada Housing Trust, FRN 15sep2027, CAD (108), and CMHC, FRN 15mar2029, CAD (119). RCDB's top holdings include Canada, Bond 2 1jun2028 10Y, Canada, Bond 0.5 1oct2030 10Y, and CMHC, 2.35% 15mar2028, CAD (80).
Which ETF is more diversified: PFL or RCDB?
PFL holds 8 securities, while RCDB holds 111. On holdings count, RCDB is the more diversified portfolio.
Recent articles about PFL and RCDB
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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.