VS
Invesco 1-5 Year Laddered Investment Grade Corporate Bond Index ETF (PSB) and iShares Core Canadian Short Term Corporate + Maple Bond Index ETF (XSH) offer distinct profiles for Canadian ETF investors. A direct comparison shows that PSB focuses its top 3 sector exposures on Pipelines, Power, and Communication services, while XSH leans towards Banks, Pipelines, and Communication services. When evaluating costs, PSB features a management fee (MER) of 0.25%, compared to 0.09% for XSH. Performance-wise, PSB has returned 0.75% year-to-date with +$8 M in net flows, whereas XSH is at 0.75% with +$190 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
PSB
XSH
| AuM | $539.90 M | $2,382.28 M |
| Management Fees | 0.25% | 0.09% |
| Exp. ratio | 0.27% | 0.10% |
| Tracking Difference | - | -0.11% |
Historical performance and flows
As of April 24, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | PSB | +0.95% | +0.22% | +0.75% | +4.16% | +16.59% |
XSH | +1.01% | +0.25% | +0.75% | +4.18% | +17.73% | |
| Flows | PSB | -$114 M | +$17 M | +$8 M | -$28 M | +$91 M |
XSH | -$46 M | +$142 M | +$190 M | +$865 M | +$1,079 M |
PSB vs XSH exposure
Countries
PSB
Canada
100.00%
XSH
Canada
93.78%
Sectors
PSB
Pipelines
21.46%
Power
14.62%
Communication services
12.47%
Insurance and reinsurance
11.84%
Oil and gas extraction and refining
7.45%
Other
32.15%
XSH
Banks
27.92%
Other
25.15%
Other
46.92%
As of April 24, 2026
Top 10 Holdings
PSB
Greater Toronto Airports Authority, 1.54% 3may2028, CAD (2020-1)
2.57%
AltaGas, 2.075% 30may2028, CAD (22)
2.44%
Bell Canada, 2.2% 29may2028, CAD (M-56)
2.40%
WSP Global, 2.408% 19apr2028, CAD
2.37%
Fortis Inc, 2.18% 15may2028, CAD
2.35%
TransCanada PipeLines, 3.39% 15mar2028, CAD
2.27%
Intact Financial, 2.85% 7jun2027, CAD
2.24%
Pembina Pipeline Corporation, 4.02% 27mar2028, CAD (10)
2.24%
Choice Properties REIT, 4.178% 8mar2028, CAD (L)
2.22%
Enbridge, 6.625% 12apr2078, CAD (2018-C, Conv.)
2.22%
XSH
CA06418Y4L93
0.94%
CA779926WF74
0.90%
CA89116C7J09
0.80%
CA13607QQT27
0.79%
Toronto-Dominion Bank, 4.21% 1jun2027, CAD
0.74%
CA06418YXB96
0.73%
Bank of Montreal, 4.709% 7dec2027, CAD
0.70%
Royal Bank of Canada, 4.632% 1may2028, CAD
0.68%
Toronto-Dominion Bank, 4.68% 8jan2029, CAD
0.67%
Bank of Montreal, 4.309% 1jun2027, CAD
0.66%
Diversification
PSB
Total weight of top 10 holdings out of 50 total
23.33%
XSH
Total weight of top 10 holdings out of 616 total
7.60%
Characteristics
Compare
PSB
XSH
| Provider | Invesco | iShares |
| Management | Passively managed | Passively managed |
| Benchmark | FTSE TMX Canada Investment Grade Laddered Corporate 1/5 Y Bond Total Return Index - CAD | FTSE Canada Universe + Maple Short Term Corporate Bond TR Index - CAD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Fixed Income | Fixed Income |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 3.19% | 3.87% |
| Meets ESG criteria | No | No |
| Inception Date | June 15, 2011 | September 13, 2011 |
Frequently asked questions about PSB and XSH
Which ETF has performed better year to date: PSB or XSH?
As of April 24, 2026, PSB has returned 0.75% year to date, while XSH has returned 0.75%. XSH is ahead on YTD performance.
Which ETF is larger by assets under management: PSB or XSH?
As of April 24, 2026, PSB manages $539.90 M in assets, while XSH manages $2.38 B. XSH is the larger fund by AUM.
How are PSB and XSH managed?
PSB is passively managed by Invesco. It tracks the FTSE TMX Canada Investment Grade Laddered Corporate 1/5 Y Bond Total Return Index - CAD benchmark. XSH is passively managed by iShares. It tracks the FTSE Canada Universe + Maple Short Term Corporate Bond TR Index - CAD benchmark.
What sectors do PSB and XSH emphasize?
PSB is most exposed to Pipelines, Power, and Communication services. XSH is most exposed to Banks, Pipelines, and Communication services.
Which ETF is attracting more investor flows: PSB or XSH?
Year to date, PSB has seen +$8.05 M in net flows, compared with +$190.29 M for XSH. XSH has attracted more net investor money so far.
How do the fees of PSB and XSH compare?
PSB has an expense ratio of 0.27%, while XSH has an expense ratio of 0.10%.
What are the top holdings of PSB and XSH?
PSB's largest holdings include Greater Toronto Airports Authority, 1.54% 3may2028, CAD (2020-1), AltaGas, 2.075% 30may2028, CAD (22), and Bell Canada, 2.2% 29may2028, CAD (M-56). XSH's top holdings include Toronto-Dominion Bank, 4.21% 1jun2027, CAD and Bank of Montreal, 4.709% 7dec2027, CAD.
Which ETF is more diversified: PSB or XSH?
PSB holds 50 securities, while XSH holds 467. On holdings count, XSH is the more diversified portfolio.
Recent articles about PSB and XSH
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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.