VS
iShares Floating Rate Index ETF (XFR) and iShares 1-10 Year Laddered Government Bond Index ETF (CLG) 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 CLG leans towards Municipal, Sovereign, and Government Agencies. When evaluating costs, XFR features a management fee (MER) of 0.12%, compared to 0.15% for CLG. Performance-wise, XFR has returned 1.78% year-to-date with +$64 M in net flows, whereas CLG is at 0.4% with +$160 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
CLG
| AuM | $811.63 M | $994.82 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% |
CLG | -0.81% | -0.65% | +0.40% | +1.48% | +13.40% | |
| Flows | XFR | +$8 M | -$10 M | +$64 M | +$102 M | -$53 M |
CLG | +$10 M | +$70 M | +$160 M | +$283 M | +$421 M |
XFR vs CLG exposure
Countries
XFR
Canada
99.87%
CLG
Canada
99.97%
Sectors
XFR
Government Agencies
51.95%
Municipal
35.75%
Finance
11.48%
CLG
Municipal
40.39%
Sovereign
39.40%
Government Agencies
17.48%
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%
CLG
Canada, Bond 2 1jun2028 10Y
4.15%
Canada, Bond 1.25 1jun2030 10Y
3.74%
Canada, Bonds 2.5% 1dec2032, CAD
2.38%
Canada, Bonds 2.75% 1jun2033, CAD
2.35%
Canada, Bond 1 1jun2027 10Y
2.17%
Canada, Bonds 1.5% 1dec2031 10Y
2.12%
Canada, Bonds 2% 1jun2032, CAD
2.07%
Canada, Bond 0.5 1oct2030 10Y
2.04%
Canada, Bond 1.5 1jun2031 10Y
1.94%
CMHC, 2.65% 15dec2028, CAD (85)
1.93%
Diversification
XFR
Total weight of top 10 holdings out of 25 total
67.55%
CLG
Total weight of top 10 holdings out of 99 total
24.89%
Characteristics
Compare
XFR
CLG
| Provider | iShares | iShares |
| Management | Passively managed | Passively managed |
| Benchmark | FTSE Canada Floating Rate Note TR Index - CAD | FTSE Canada 1-10 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% | 2.61% |
| Meets ESG criteria | No | No |
| Inception Date | December 6, 2011 | October 20, 2011 |
Frequently asked questions about XFR and CLG
Which ETF has performed better year to date: XFR or CLG?
As of September 2, 2026, XFR has returned 1.78% year to date, while CLG has returned 0.40%. XFR is ahead on YTD performance.
Which ETF is larger by assets under management: XFR or CLG?
As of September 2, 2026, XFR manages $811.63 M in assets, while CLG manages $994.82 M. CLG is the larger fund by AUM.
How are XFR and CLG managed?
XFR is passively managed by iShares. It tracks the FTSE Canada Floating Rate Note TR Index - CAD benchmark. CLG is passively managed by iShares. It tracks the FTSE Canada 1-10 Year Laddered Government Bond TR Index - CAD benchmark.
What sectors do XFR and CLG emphasize?
XFR is most exposed to Government Agencies, Municipal, and Finance. CLG is most exposed to Municipal, Sovereign, and Government Agencies.
Which ETF is attracting more investor flows: XFR or CLG?
Year to date, XFR has seen +$64.12 M in net flows, compared with +$160.04 M for CLG. CLG has attracted more net investor money so far.
How do the fees of XFR and CLG compare?
XFR has an expense ratio of 0.13%, while CLG has an expense ratio of 0.17%.
What are the top holdings of XFR and CLG?
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). CLG's top holdings include Canada, Bond 2 1jun2028 10Y, Canada, Bond 1.25 1jun2030 10Y, and Canada, Bonds 2.5% 1dec2032, CAD.
Which ETF is more diversified: XFR or CLG?
XFR holds 25 securities, while CLG holds 99. On holdings count, CLG is the more diversified portfolio.
Recent articles about XFR and CLG
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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.