VS
iShares Core Canadian 15+ Year Federal Bond Index ETF (XFLB) and iShares Canadian Real Return Bond Index ETF (XRB) offer distinct profiles for Canadian ETF investors. A direct comparison shows that XFLB focuses its top 3 sector exposures on Sovereign, while XRB leans towards Sovereign and Municipal. When evaluating costs, XFLB features a management fee (MER) of 0.15%, compared to 0.35% for XRB. Performance-wise, XFLB has returned 3.32% year-to-date with -$2 M in net flows, whereas XRB is at 3.39% with +$9 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
XRB
| AuM | $46.25 M | $262.61 M |
| Management Fees | 0.15% | 0.35% |
| Exp. ratio | 0.17% | 0.39% |
| 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% |
XRB | -0.31% | -0.68% | +3.39% | +3.76% | +19.01% | |
| Flows | XFLB | +$0 M | -$4 M | -$2 M | +$7 M | +$18 M |
XRB | -$9 M | -$2 M | +$9 M | +$5 M | -$135 M |
XFLB vs XRB exposure
Countries
XFLB
Canada
99.91%
XRB
Canada
99.99%
Sectors
XFLB
Sovereign
99.91%
XRB
Sovereign
88.90%
Municipal
11.10%
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%
XRB
Canada, RRB 4% 1dec2031, CAD
14.73%
Canada, RRB 3% 1dec2036, CAD
13.90%
Canada, RRB 1.5% 1dec2044, CAD
12.96%
Canada, RRB 2% 1dec2041, CAD
12.47%
Canada, RRB 4.25% 1dec2026, CAD (VS05)
12.10%
Canada, RRB 1.25% 1dec2047, CAD
11.46%
Canada, RRB 0.5% 1dec2050, CAD
9.20%
Province of Ontario, 2% 1dec2036, CAD (DMTN158)
5.33%
Province of Quebec, 4.25% 1dec2031, CAD (PM)
2.42%
Canada, RRB 0.25r 1dec2054 30Y
2.08%
Diversification
XFLB
Total weight of top 10 holdings out of 8 total
99.91%
XRB
Total weight of top 10 holdings out of 13 total
96.64%
Characteristics
Compare
XFLB
XRB
| Provider | iShares | iShares |
| Management | Passively managed | Passively managed |
| Benchmark | Bloomberg Canada Aggregate 15+ Year Federal Bond Float Adjusted Index - CAD | FTSE Canada Real Return Bond TR Index - CAD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Fixed Income | Fixed Income |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 3.29% | 2.40% |
| Meets ESG criteria | No | No |
| Inception Date | February 7, 2023 | December 19, 2005 |
Frequently asked questions about XFLB and XRB
Which ETF has performed better year to date: XFLB or XRB?
As of September 1, 2026, XFLB has returned -3.32% year to date, while XRB has returned 3.39%. XRB is ahead on YTD performance.
Which ETF is larger by assets under management: XFLB or XRB?
As of September 1, 2026, XFLB manages $46.25 M in assets, while XRB manages $262.61 M. XRB is the larger fund by AUM.
How are XFLB and XRB managed?
XFLB is passively managed by iShares. It tracks the Bloomberg Canada Aggregate 15+ Year Federal Bond Float Adjusted Index - CAD benchmark. XRB is passively managed by iShares. It tracks the FTSE Canada Real Return Bond TR Index - CAD benchmark.
What sectors do XFLB and XRB emphasize?
XFLB is most exposed to Sovereign. XRB is most exposed to Sovereign and Municipal.
Which ETF is attracting more investor flows: XFLB or XRB?
Year to date, XFLB has seen -$2.04 M in net flows, compared with +$9.17 M for XRB. XRB has attracted more net investor money so far.
How do the fees of XFLB and XRB compare?
XFLB has an expense ratio of 0.17%, while XRB has an expense ratio of 0.39%.
What are the top holdings of XFLB and XRB?
XFLB's largest holdings include Canada, Bonds 3.5% 1dec2057, CAD, Canada, Bond 2 1jan2051 30Y, and Canada, Bonds 2.75% 1dec2055, CAD. XRB's top holdings include Canada, RRB 4% 1dec2031, CAD, Canada, RRB 3% 1dec2036, CAD, and Canada, RRB 1.5% 1dec2044, CAD.
Which ETF is more diversified: XFLB or XRB?
XFLB holds 8 securities, while XRB holds 13. On holdings count, XRB is the more diversified portfolio.
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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.