VS
iShares Core Canadian 15+ Year Federal Bond Index ETF (XFLB) and iShares Floating Rate Index ETF (XFR) offer distinct profiles for Canadian ETF investors. A direct comparison shows that XFLB focuses its top 3 sector exposures on Sovereign, while XFR leans towards Government Agencies, Municipal, and Finance. When evaluating costs, XFLB features a management fee (MER) of 0.15%, compared to 0.12% for XFR. Performance-wise, XFLB has returned 3.32% year-to-date with -$2 M in net flows, whereas XFR is at 1.77% with +$64 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
XFR
| AuM | $46.25 M | $811.52 M |
| Management Fees | 0.15% | 0.12% |
| Exp. ratio | 0.17% | 0.13% |
| Tracking Difference | -0.12% | - |
Historical performance and flows
As of September 1, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | XFLB | -3.32% | -5.79% | -3.32% | -1.28% | -0.93% |
XFR | +0.21% | +0.69% | +1.77% | +2.80% | +11.73% | |
| Flows | XFLB | +$0 M | -$4 M | -$2 M | +$7 M | +$18 M |
XFR | +$8 M | -$2 M | +$64 M | +$102 M | -$53 M |
XFLB vs XFR exposure
Countries
XFLB
Canada
99.91%
XFR
Canada
99.87%
Sectors
XFLB
Sovereign
99.91%
XFR
Government Agencies
51.95%
Municipal
35.75%
Finance
11.48%
As of September 1, 2026
Top 10 Holdings
XFLB
Canada, Bonds 3.5% 1dec2057, CAD
27.50%
Canada, Bond 2 1jan2051 30Y
19.89%
Canada, Bonds 2.75% 1dec2055, CAD
19.55%
Canada, Bond 1.75 1dec2053 30Y
15.76%
Canada, Bond 2.75 1dec2048 30Y
6.10%
Canada, Bond 3.5 1dec2045 30Y
5.99%
Canada, Bond 2.75 1dec2064 50Y
4.26%
Canada, Bonds 3.5% 1dec2056, CAD (D)
0.87%
XFR
Province of Ontario, FRN 27nov2028, CAD (DMTN261)
9.53%
Canada Housing Trust, FRN 15sep2027, CAD (108)
8.92%
Canada Housing Trust, FRN 15mar2028, CAD (111)
8.54%
Canada Housing Trust, FRN 15sep2028, CAD (114)
8.12%
CMHC, FRN 15mar2027, CAD (103)
6.68%
Province of Quebec, FRN 22jul2030, CAD (B139)
5.35%
Province of Ontario, FRN 21feb2030, CAD (DMTN270)
5.29%
Province of Ontario, FRN 19nov2030, CAD (DMTN274)
5.10%
Province of Ontario, FRN 13jan2031, CAD (DMTN275)
5.05%
Canada Housing Trust, FRN 15mar2030, CAD (124)
4.98%
Diversification
XFLB
Total weight of top 10 holdings out of 8 total
99.91%
XFR
Total weight of top 10 holdings out of 25 total
67.55%
Characteristics
Compare
XFLB
XFR
| Provider | iShares | iShares |
| Management | Passively managed | Passively managed |
| Benchmark | Bloomberg Canada Aggregate 15+ Year Federal Bond Float Adjusted Index - CAD | FTSE Canada Floating Rate Note TR Index - CAD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Fixed Income | Fixed Income |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 3.29% | 2.67% |
| Meets ESG criteria | No | No |
| Inception Date | February 7, 2023 | December 6, 2011 |
Frequently asked questions about XFLB and XFR
Which ETF has performed better year to date: XFLB or XFR?
As of September 1, 2026, XFLB has returned -3.32% year to date, while XFR has returned 1.77%. XFR is ahead on YTD performance.
Which ETF is larger by assets under management: XFLB or XFR?
As of September 1, 2026, XFLB manages $46.25 M in assets, while XFR manages $811.52 M. XFR is the larger fund by AUM.
How are XFLB and XFR managed?
XFLB is passively managed by iShares. It tracks the Bloomberg Canada Aggregate 15+ Year Federal Bond Float Adjusted Index - CAD benchmark. XFR is passively managed by iShares. It tracks the FTSE Canada Floating Rate Note TR Index - CAD benchmark.
What sectors do XFLB and XFR emphasize?
XFLB is most exposed to Sovereign. XFR is most exposed to Government Agencies, Municipal, and Finance.
Which ETF is attracting more investor flows: XFLB or XFR?
Year to date, XFLB has seen -$2.04 M in net flows, compared with +$64.12 M for XFR. XFR has attracted more net investor money so far.
How do the fees of XFLB and XFR compare?
XFLB has an expense ratio of 0.17%, while XFR has an expense ratio of 0.13%.
What are the top holdings of XFLB and XFR?
XFLB's largest holdings include Canada, Bonds 3.5% 1dec2057, CAD, Canada, Bond 2 1jan2051 30Y, and Canada, Bonds 2.75% 1dec2055, CAD. XFR's top holdings include Province of Ontario, FRN 27nov2028, CAD (DMTN261), Canada Housing Trust, FRN 15sep2027, CAD (108), and Canada Housing Trust, FRN 15mar2028, CAD (111).
Which ETF is more diversified: XFLB or XFR?
XFLB holds 8 securities, while XFR holds 25. On holdings count, XFR is the more diversified portfolio.
Recent articles about XFLB and XFR
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.