VS
Compare iShares Core Canadian 15+ Year Federal Bond Index ETF (XFLB) vs BMO Government Bond Index ETF (ZGB) to find the best fit for your portfolio. XFLB provides Sovereign exposures, while ZGB is primarily weighted in Sovereign, Municipal, and Government Agencies. When evaluating costs, XFLB features a management fee (MER) of 0.15%, compared to 0.15% for ZGB. Performance-wise, XFLB has returned 1.1% year-to-date with -$15 M in net flows, whereas ZGB is at 0.84% with -$205 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
ZGB
| AuM | $34.22 M | $1,242.95 M |
| Management Fees | 0.15% | 0.15% |
| Exp. ratio | 0.17% | 0.16% |
| 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% |
ZGB | +1.76% | -0.33% | +0.84% | -0.26% | +12.81% | |
| Flows | XFLB | +$2 M | -$12 M | -$15 M | -$12 M | +$12 M |
ZGB | -$1 M | -$13 M | -$205 M | -$189 M | +$177 M |
XFLB vs ZGB exposure
Countries
XFLB
Canada
99.96%
ZGB
Canada
100.00%
Sectors
XFLB
Sovereign
99.96%
ZGB
Sovereign
45.20%
Municipal
41.39%
Government Agencies
13.41%
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%
ZGB
Canada, Bond 1.25 1jun2030 10Y
12.65%
Canada, Bonds 2% 1jun2032, CAD
6.27%
Canada, Bonds 1.5% 1dec2031 10Y
6.17%
Canada Housing Trust, 4.25% 15mar2034, CAD (118)
3.49%
Canada, Bonds 3.5% 1mar2028, CAD
3.45%
CMHC, 1.75% 15jun2030, CAD (92)
3.21%
Canada, Bonds 2.5% 1dec2032, CAD
3.20%
Province of Ontario, 2.15% 2jun2031, CAD (DMTN249)
3.20%
Canada, Bonds 2.75% 1dec2055, CAD
2.56%
Province of Ontario, 2.65% 2dec2050, CAD (DMTN242)
2.30%
Diversification
XFLB
Total weight of top 10 holdings out of 9 total
99.96%
ZGB
Total weight of top 10 holdings out of 50 total
46.50%
Characteristics
Compare
XFLB
ZGB
| Provider | iShares | BMO |
| Management | Passively managed | Passively managed |
| Benchmark | Bloomberg Canada Aggregate 15+ Year Federal Bond Float Adjusted Index - CAD | FTSE Canada All Government Bond TR Index - CAD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Fixed Income | Fixed Income |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 3.24% | 2.92% |
| Meets ESG criteria | No | No |
| Inception Date | February 7, 2023 | March 7, 2018 |
Frequently asked questions about XFLB and ZGB
Which ETF has performed better year to date: XFLB or ZGB?
As of November 2, 2026, XFLB has returned -1.10% year to date, while ZGB has returned 0.84%. ZGB is ahead on YTD performance.
Which ETF is larger by assets under management: XFLB or ZGB?
As of November 2, 2026, XFLB manages $34.22 M in assets, while ZGB manages $1.24 B. ZGB is the larger fund by AUM.
How are XFLB and ZGB managed?
XFLB is passively managed by iShares. It tracks the Bloomberg Canada Aggregate 15+ Year Federal Bond Float Adjusted Index - CAD benchmark. ZGB is passively managed by BMO. It tracks the FTSE Canada All Government Bond TR Index - CAD benchmark.
What sectors do XFLB and ZGB emphasize?
XFLB is most exposed to Sovereign. ZGB is most exposed to Sovereign, Municipal, and Government Agencies.
Which ETF is attracting more investor flows: XFLB or ZGB?
Year to date, XFLB has seen -$14.53 M in net flows, compared with -$204.80 M for ZGB. XFLB has attracted more net investor money so far.
How do the fees of XFLB and ZGB compare?
XFLB has an expense ratio of 0.17%, while ZGB has an expense ratio of 0.16%.
What are the top holdings of XFLB and ZGB?
XFLB's largest holdings include Canada, Bonds 3.5% 1dec2057, CAD, Canada, Bond 2 1jan2051 30Y, and Canada, Bonds 2.75% 1dec2055, CAD. ZGB's top holdings include Canada, Bond 1.25 1jun2030 10Y, Canada, Bonds 2% 1jun2032, CAD, and Canada, Bonds 1.5% 1dec2031 10Y.
Which ETF is more diversified: XFLB or ZGB?
XFLB holds 9 securities, while ZGB holds 50. On holdings count, ZGB is the more diversified portfolio.
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.