VS
iShares Core Canadian 15+ Year Federal Bond Index ETF (XFLB) and RBC Canadian Discount Bond ETF (RCDB) offer distinct profiles for Canadian ETF investors. A direct comparison shows that XFLB focuses its top 3 sector exposures on Sovereign, while RCDB leans towards Finance, Municipal, and Sovereign. When evaluating costs, XFLB features a management fee (MER) of 0.15%, compared to 0.15% for RCDB. Performance-wise, XFLB has returned 1.1% year-to-date with -$15 M in net flows, whereas RCDB is at 1.39% with +$117 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
XFLB
RCDB
| AuM | $34.22 M | $1,377.85 M |
| Management Fees | 0.15% | 0.15% |
| Exp. ratio | 0.17% | 0.17% |
| Tracking Difference | -0.11% | - |
Historical performance and flows
As of November 2, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | XFLB | +4.29% | -1.10% | -1.10% | -4.73% | +3.14% |
RCDB | +0.50% | -0.02% | +1.39% | +1.35% | +14.51% | |
| Flows | XFLB | +$2 M | -$12 M | -$15 M | -$12 M | +$12 M |
RCDB | -$31 M | -$37 M | +$117 M | +$133 M | +$309 M |
XFLB vs RCDB exposure
Countries
XFLB
Canada
99.96%
RCDB
Canada
99.06%
Sectors
XFLB
Sovereign
99.96%
RCDB
Finance
31.62%
Municipal
17.42%
Sovereign
16.08%
Utilities
8.07%
Government Agencies
7.16%
Other
19.65%
As of November 2, 2026
Top 10 Holdings
XFLB
Canada, Bonds 3.5% 1dec2057, CAD
26.26%
Canada, Bond 2 1jan2051 30Y
19.13%
Canada, Bonds 2.75% 1dec2055, CAD
18.77%
Canada, Bond 1.75 1dec2053 30Y
15.10%
Canada, Bond 3.5 1dec2045 30Y
5.96%
Canada, Bond 2.75 1dec2048 30Y
5.61%
Canada, Bond 2.75 1dec2064 50Y
4.01%
Canada, Bonds 3.75% 1jun2059, CAD
3.83%
Canada, Bonds 3.5% 1dec2056, CAD (D)
1.28%
RCDB
Canada, Bond 2 1jun2028 10Y
4.52%
Canada, Bond 0.5 1oct2030 10Y
3.68%
CMHC, 2.35% 15mar2028, CAD (80)
3.42%
Province of Ontario, 1.55% 1nov2029, CAD (DMTN251)
3.39%
Bell Canada, 1.65% 16aug2027, CAD (M-53)
2.25%
Province of Quebec, 1.9% 1sep2030, CAD (B127)
2.03%
CMHC, 1.75% 15jun2030, CAD (92)
2.01%
Royal Bank of Canada, 3.572% 9dec2031, CAD
1.91%
Hydro-Quebec, 2% 1sep2028, CAD (0082)
1.88%
Canada, Bonds 1.5% 1dec2031 10Y
1.76%
Diversification
XFLB
Total weight of top 10 holdings out of 9 total
99.96%
RCDB
Total weight of top 10 holdings out of 112 total
26.85%
Characteristics
Compare
XFLB
RCDB
| Provider | iShares | RBC Global Asset Management |
| Management | Passively managed | Actively managed |
| Benchmark | Bloomberg Canada Aggregate 15+ Year Federal Bond Float Adjusted Index - CAD | - |
| Replication Method | Direct (Physical) | - |
| Asset Class | Fixed Income | Fixed Income |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 3.24% | 2.23% |
| Meets ESG criteria | No | No |
| Inception Date | February 7, 2023 | June 12, 2019 |
Frequently asked questions about XFLB and RCDB
Which ETF has performed better year to date: XFLB or RCDB?
As of November 2, 2026, XFLB has returned -1.10% year to date, while RCDB has returned 1.39%. RCDB is ahead on YTD performance.
Which ETF is larger by assets under management: XFLB or RCDB?
As of November 2, 2026, XFLB manages $34.22 M in assets, while RCDB manages $1.38 B. RCDB is the larger fund by AUM.
How are XFLB and RCDB managed?
XFLB is passively managed by iShares. It tracks the Bloomberg Canada Aggregate 15+ Year Federal Bond Float Adjusted Index - CAD benchmark. RCDB is actively managed by RBC Global Asset Management. It does not track an index.
What sectors do XFLB and RCDB emphasize?
XFLB is most exposed to Sovereign. RCDB is most exposed to Finance, Municipal, and Sovereign.
Which ETF is attracting more investor flows: XFLB or RCDB?
Year to date, XFLB has seen -$14.53 M in net flows, compared with +$117.05 M for RCDB. RCDB has attracted more net investor money so far.
How do the fees of XFLB and RCDB compare?
XFLB has an expense ratio of 0.17%, while RCDB has an expense ratio of 0.17%.
What are the top holdings of XFLB and RCDB?
XFLB's largest holdings include Canada, Bonds 3.5% 1dec2057, CAD, Canada, Bond 2 1jan2051 30Y, and Canada, Bonds 2.75% 1dec2055, CAD. 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: XFLB or RCDB?
XFLB holds 9 securities, while RCDB holds 112. On holdings count, RCDB is the more diversified portfolio.
Recent articles about XFLB 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.