VS
When evaluating costs, PGL features a management fee (MER) of 0.25%, compared to 0.18% for XLB. Performance-wise, PGL has returned 3.87% year-to-date with -$12 M in net flows, whereas XLB is at 3.25% with -$79 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
PGL
XLB
| AuM | $64.62 M | $715.56 M |
| Management Fees | 0.25% | 0.18% |
| Exp. ratio | 0.28% | 0.20% |
| Tracking Difference | - | - |
Historical performance and flows
As of September 11, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | PGL | -2.72% | -6.20% | -3.87% | -5.58% | +1.86% |
XLB | -2.04% | -5.65% | -3.25% | -4.44% | +6.52% | |
| Flows | PGL | +$0 M | -$3 M | -$12 M | -$222 M | -$270 M |
XLB | +$39 M | +$13 M | -$79 M | -$66 M | -$28 M |
PGL vs XLB exposure
Countries
PGL
Exposure data will be available soon
XLB
Canada
98.51%
Sectors
PGL
Exposure data will be available soon
XLB
Municipal
52.25%
Sovereign
18.69%
Utilities
10.96%
Other
18.10%
As of September 11, 2026
Top 10 Holdings
PGL
Exposure data will be available soon
XLB
Canada, Bonds 3.5% 1dec2057, CAD
5.00%
Canada, Bond 2 1jan2051 30Y
3.33%
Canada, Bonds 2.75% 1dec2055, CAD
3.23%
Canada, Bond 1.75 1dec2053 30Y
2.55%
Province of Quebec, 4.4% 1dec2055, CAD (B133)
2.19%
Province of Ontario, 3.45% 2jun2045, CAD (DMTN220)
1.75%
Province of Ontario, 4.45% 2dec2056, CAD
1.69%
Province of Quebec, 4.2% 1dec2057, CAD (B137)
1.59%
Province of Quebec, 3.1% 1dec2051, CAD (B125-01)
1.50%
Province of Ontario, 2.9% 2dec2046, CAD (DMTN228)
1.47%
Diversification
PGL
Exposure data will be available soon
XLB
Total weight of top 10 holdings out of 626 total
24.32%
Characteristics
Compare
PGL
XLB
| Provider | CI | iShares |
| Management | Passively managed | Passively managed |
| Benchmark | FTSE TMX Canada Ultra Liquid Long Term Government Bond Total Return Index - CAD | FTSE Canada Long Term Overall Bond TR Index - CAD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Fixed Income | Fixed Income |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 4.10% | 4.30% |
| Meets ESG criteria | No | No |
| Inception Date | June 15, 2011 | November 6, 2006 |
Frequently asked questions about PGL and XLB
Which ETF has performed better year to date: PGL or XLB?
As of September 11, 2026, PGL has returned -3.87% year to date, while XLB has returned -3.25%. XLB is ahead on YTD performance.
Which ETF is larger by assets under management: PGL or XLB?
As of September 11, 2026, PGL manages $64.62 M in assets, while XLB manages $715.56 M. XLB is the larger fund by AUM.
How are PGL and XLB managed?
PGL is passively managed by CI. It tracks the FTSE TMX Canada Ultra Liquid Long Term Government Bond Total Return Index - CAD benchmark. XLB is passively managed by iShares. It tracks the FTSE Canada Long Term Overall Bond TR Index - CAD benchmark.
Which ETF is attracting more investor flows: PGL or XLB?
Year to date, PGL has seen -$11.94 M in net flows, compared with -$79.48 M for XLB. PGL has attracted more net investor money so far.
How do the fees of PGL and XLB compare?
PGL has an expense ratio of 0.28%, while XLB has an expense ratio of 0.20%.
Recent articles about PGL and XLB
The ETF Market Canada is brought to you by Cboe in partnership with Trackinsight SA who is providing all the data, analysis and editorial content on this site. Unless explicitly stated as such, any information that you receive is not real-time.
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.
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.