VS
Compare iShares Core Canadian 15+ Year Federal Bond Index ETF (XFLB) vs BMO Long Federal Bond Index ETF (ZFL) to find the best fit for your portfolio. XFLB and ZFL provide the same top sector exposures: Sovereign. When evaluating costs, XFLB features a management fee (MER) of 0.15%, compared to 0.2% for ZFL. Performance-wise, XFLB has returned 1.81% year-to-date with -$15 M in net flows, whereas ZFL is at 1.66% with +$171 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
ZFL
| AuM | $33.97 M | $1,377.46 M |
| Management Fees | 0.15% | 0.20% |
| Exp. ratio | 0.17% | 0.22% |
| Tracking Difference | -0.11% | - |
Historical performance and flows
As of October 30, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | XFLB | +3.23% | -1.23% | -1.81% | -5.93% | +5.87% |
ZFL | +3.26% | -1.20% | -1.66% | -5.45% | +5.96% | |
| Flows | XFLB | +$2 M | -$12 M | -$15 M | -$12 M | +$12 M |
ZFL | +$5 M | +$110 M | +$171 M | -$574 M | -$1,309 M |
XFLB vs ZFL exposure
Countries
XFLB
Canada
99.96%
ZFL
Canada
100.00%
Sectors
XFLB
Sovereign
99.96%
ZFL
Sovereign
100.00%
As of October 30, 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%
ZFL
Canada, Bond 2 1jan2051 30Y
21.05%
Canada, Bonds 3.5% 1dec2057, CAD
15.58%
Canada, Bonds 2.75% 1dec2055, CAD
13.41%
Canada, Bond 3.5 1dec2045 30Y
13.10%
Canada, Bond 4 1jun2041 30Y
12.44%
Canada, Bond 2.75 1dec2048 30Y
11.33%
Canada, Bond 1.75 1dec2053 30Y
9.62%
Canada, Bonds 3.5% 1dec2036, CAD
3.45%
Diversification
XFLB
Total weight of top 10 holdings out of 9 total
99.96%
ZFL
Total weight of top 10 holdings out of 8 total
100.00%
Characteristics
Compare
XFLB
ZFL
| Provider | iShares | BMO |
| Management | Passively managed | Passively managed |
| Benchmark | Bloomberg Canada Aggregate 15+ Year Federal Bond Float Adjusted Index - CAD | FTSE TMX Canada Long Term Federal Bond TR Index - CAD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Fixed Income | Fixed Income |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 3.27% | 2.88% |
| Meets ESG criteria | No | No |
| Inception Date | February 7, 2023 | May 19, 2010 |
Frequently asked questions about XFLB and ZFL
Which ETF has performed better year to date: XFLB or ZFL?
As of October 30, 2026, XFLB has returned -1.81% year to date, while ZFL has returned -1.66%. ZFL is ahead on YTD performance.
Which ETF is larger by assets under management: XFLB or ZFL?
As of October 30, 2026, XFLB manages $33.97 M in assets, while ZFL manages $1.38 B. ZFL is the larger fund by AUM.
How are XFLB and ZFL managed?
XFLB is passively managed by iShares. It tracks the Bloomberg Canada Aggregate 15+ Year Federal Bond Float Adjusted Index - CAD benchmark. ZFL is passively managed by BMO. It tracks the FTSE TMX Canada Long Term Federal Bond TR Index - CAD benchmark.
What sectors do XFLB and ZFL emphasize?
XFLB is most exposed to Sovereign. ZFL is most exposed to Sovereign.
Which ETF is attracting more investor flows: XFLB or ZFL?
Year to date, XFLB has seen -$14.53 M in net flows, compared with +$171.30 M for ZFL. ZFL has attracted more net investor money so far.
How do the fees of XFLB and ZFL compare?
XFLB has an expense ratio of 0.17%, while ZFL has an expense ratio of 0.22%.
What are the top holdings of XFLB and ZFL?
XFLB's largest holdings include Canada, Bonds 3.5% 1dec2057, CAD, Canada, Bond 2 1jan2051 30Y, and Canada, Bonds 2.75% 1dec2055, CAD. ZFL's top holdings include Canada, Bond 2 1jan2051 30Y, Canada, Bonds 3.5% 1dec2057, CAD, and Canada, Bonds 2.75% 1dec2055, CAD.
Which ETF is more diversified: XFLB or ZFL?
XFLB holds 9 securities, while ZFL holds 8. On holdings count, XFLB is the more diversified portfolio.
Recent articles about XFLB and ZFL
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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.