VS
iShares Floating Rate Index ETF (XFR) and iShares 1-5 Year Laddered Government Bond Index ETF (CLF) offer distinct profiles for Canadian ETF investors. A direct comparison shows that XFR focuses its top 3 sector exposures on Government Agencies, Municipal, and Finance, while CLF leans towards Municipal, Sovereign, and Government Agencies. When evaluating costs, XFR features a management fee (MER) of 0.12%, compared to 0.15% for CLF. Performance-wise, XFR has returned 1.78% year-to-date with +$64 M in net flows, whereas CLF is at 0.58% with +$154 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
XFR
CLF
| AuM | $811.63 M | $762.62 M |
| Management Fees | 0.12% | 0.15% |
| Exp. ratio | 0.13% | 0.17% |
| Tracking Difference | - | - |
Historical performance and flows
As of September 2, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | XFR | +0.22% | +0.70% | +1.78% | +2.82% | +11.73% |
CLF | -0.52% | -0.32% | +0.58% | +1.67% | +13.05% | |
| Flows | XFR | +$8 M | -$10 M | +$64 M | +$102 M | -$53 M |
CLF | +$9 M | +$28 M | +$154 M | +$163 M | +$219 M |
XFR vs CLF exposure
Countries
XFR
Canada
99.87%
CLF
Canada
99.93%
Sectors
XFR
Government Agencies
51.95%
Municipal
35.75%
Finance
11.48%
CLF
Municipal
40.18%
Sovereign
39.70%
Government Agencies
11.11%
Finance
8.93%
As of September 2, 2026
Top 10 Holdings
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%
CLF
Canada, Bond 2 1jun2028 10Y
4.15%
Canada, Bonds 2.75% 1sep2027, CAD
4.06%
Canada, Bond 2.25 1jun2029 10Y
2.80%
Canada, Bonds 3.25% 1sep2028, CAD
2.76%
Canada, Bond 1.25 1jun2030 10Y
2.69%
Canada, Bonds 2.25% 1dec2029, CAD
2.65%
Canada, Bond 0.5 1oct2030 10Y
2.62%
Canada, Bond 1.5 1jun2031 10Y
2.61%
Canada, Bonds 3.5% 1sep2029, CAD
2.60%
Canada, Bonds 2.75% 1sep2030, CAD
2.59%
Diversification
XFR
Total weight of top 10 holdings out of 25 total
67.55%
CLF
Total weight of top 10 holdings out of 84 total
29.53%
Characteristics
Compare
XFR
CLF
| Provider | iShares | iShares |
| Management | Passively managed | Passively managed |
| Benchmark | FTSE Canada Floating Rate Note TR Index - CAD | FTSE Canada 1-5 Year Laddered 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 | 2.67% | 2.30% |
| Meets ESG criteria | No | No |
| Inception Date | December 6, 2011 | January 31, 2008 |
Frequently asked questions about XFR and CLF
Which ETF has performed better year to date: XFR or CLF?
As of September 2, 2026, XFR has returned 1.78% year to date, while CLF has returned 0.58%. XFR is ahead on YTD performance.
Which ETF is larger by assets under management: XFR or CLF?
As of September 2, 2026, XFR manages $811.63 M in assets, while CLF manages $762.62 M. XFR is the larger fund by AUM.
How are XFR and CLF managed?
XFR is passively managed by iShares. It tracks the FTSE Canada Floating Rate Note TR Index - CAD benchmark. CLF is passively managed by iShares. It tracks the FTSE Canada 1-5 Year Laddered Government Bond TR Index - CAD benchmark.
What sectors do XFR and CLF emphasize?
XFR is most exposed to Government Agencies, Municipal, and Finance. CLF is most exposed to Municipal, Sovereign, and Government Agencies.
Which ETF is attracting more investor flows: XFR or CLF?
Year to date, XFR has seen +$64.12 M in net flows, compared with +$154.49 M for CLF. CLF has attracted more net investor money so far.
How do the fees of XFR and CLF compare?
XFR has an expense ratio of 0.13%, while CLF has an expense ratio of 0.17%.
What are the top holdings of XFR and CLF?
XFR's largest holdings include Province of Ontario, FRN 27nov2028, CAD (DMTN261), Canada Housing Trust, FRN 15sep2027, CAD (108), and Canada Housing Trust, FRN 15mar2028, CAD (111). CLF's top holdings include Canada, Bond 2 1jun2028 10Y, Canada, Bonds 2.75% 1sep2027, CAD, and Canada, Bond 2.25 1jun2029 10Y.
Which ETF is more diversified: XFR or CLF?
XFR holds 25 securities, while CLF holds 84. On holdings count, CLF is the more diversified portfolio.
Recent articles about XFR and CLF
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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.