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Compare iShares Floating Rate Index ETF (XFR) vs TD Canadian Aggregate Bond Index ETF (TDB) to find the best fit for your portfolio. XFR provides Government Agencies, Municipal, and Finance exposures, while TDB is primarily weighted in Sovereign, Municipal, and Finance. When evaluating costs, XFR features a management fee (MER) of 0.12%, compared to 0.08% for TDB. Performance-wise, XFR has returned 2.17% year-to-date with +$227 M in net flows, whereas TDB is at 0.35% with +$2 B. 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
TDB
| AuM | $975.60 M | $4,353.62 M |
| Management Fees | 0.12% | 0.08% |
| Exp. ratio | 0.13% | 0.08% |
| Tracking Difference | - | -0.08% |
Historical performance and flows
As of October 26, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | XFR | +0.15% | +0.67% | +2.17% | +2.74% | +11.40% |
TDB | +1.03% | -0.77% | +0.35% | -1.01% | +14.88% | |
| Flows | XFR | +$88 M | +$181 M | +$227 M | +$227 M | +$116 M |
TDB | +$58 M | +$311 M | +$1,585 M | +$1,918 M | +$3,327 M |
XFR vs TDB exposure
Countries
XFR
Canada
95.92%
TDB
Canada
96.85%
Sectors
XFR
Government Agencies
50.30%
Municipal
34.31%
Finance
10.91%
TDB
Sovereign
35.48%
Municipal
27.50%
Finance
11.57%
Government Agencies
10.23%
Other
15.22%
As of October 26, 2026
Top 10 Holdings
XFR
Province of Ontario, FRN 27nov2028, CAD (DMTN261)
8.72%
Canada Housing Trust, FRN 15mar2028, CAD (111)
8.35%
Canada Housing Trust, FRN 15sep2027, CAD (108)
8.30%
Canada Housing Trust, FRN 15sep2028, CAD (114)
7.51%
CMHC, FRN 15mar2027, CAD (103)
6.69%
Province of Ontario, FRN 13jan2031, CAD (DMTN275)
5.17%
Province of Ontario, FRN 21feb2030, CAD (DMTN270)
5.16%
Province of Ontario, FRN 19nov2030, CAD (DMTN274)
5.12%
Canada Housing Trust, FRN 15mar2030, CAD (124)
5.06%
Province of Quebec, FRN 22jul2030, CAD (B139)
4.98%
TDB
Canada, Bonds 3.25% 1dec2035, CAD
1.57%
Canada, Bonds 2.75% 1sep2030, CAD
1.49%
Canada, Bond 1.5 1jun2031 10Y
1.44%
Canada, Bonds 1.5% 1dec2031 10Y
1.34%
Canada, Bonds 2.75% 1mar2031, CAD
1.33%
Canada, Bonds 3.25% 1jun2036, CAD
1.29%
Canada, Bond 1.25 1jun2030 10Y
1.28%
Canada, Bonds 3.25% 1jun2035, CAD
1.19%
Canada, Bonds 2.75% 1sep2027, CAD
1.19%
Canada, Bond 0.5 1oct2030 10Y
1.19%
Diversification
XFR
Total weight of top 10 holdings out of 26 total
65.06%
TDB
Total weight of top 10 holdings out of 1,598 total
13.30%
Characteristics
Compare
XFR
TDB
| Provider | iShares | TD Asset Management |
| Management | Passively managed | Passively managed |
| Benchmark | FTSE Canada Floating Rate Note TR Index - CAD | Solactive Broad Canadian Bond Universe GTR Index - CAD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Fixed Income | Fixed Income |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 2.63% | 3.44% |
| Meets ESG criteria | No | No |
| Inception Date | December 6, 2011 | March 22, 2016 |
Frequently asked questions about XFR and TDB
Which ETF has performed better year to date: XFR or TDB?
As of October 26, 2026, XFR has returned 2.17% year to date, while TDB has returned 0.35%. XFR is ahead on YTD performance.
Which ETF is larger by assets under management: XFR or TDB?
As of October 26, 2026, XFR manages $975.60 M in assets, while TDB manages $4.35 B. TDB is the larger fund by AUM.
How are XFR and TDB managed?
XFR is passively managed by iShares. It tracks the FTSE Canada Floating Rate Note TR Index - CAD benchmark. TDB is passively managed by TD Asset Management. It tracks the Solactive Broad Canadian Bond Universe GTR Index - CAD benchmark.
What sectors do XFR and TDB emphasize?
XFR is most exposed to Government Agencies, Municipal, and Finance. TDB is most exposed to Sovereign, Municipal, and Finance.
Which ETF is attracting more investor flows: XFR or TDB?
Year to date, XFR has seen +$226.66 M in net flows, compared with +$1,584.94 M for TDB. TDB has attracted more net investor money so far.
How do the fees of XFR and TDB compare?
XFR has an expense ratio of 0.13%, while TDB has an expense ratio of 0.08%.
What are the top holdings of XFR and TDB?
XFR's largest holdings include Province of Ontario, FRN 27nov2028, CAD (DMTN261), Canada Housing Trust, FRN 15mar2028, CAD (111), and Canada Housing Trust, FRN 15sep2027, CAD (108). TDB's top holdings include Canada, Bonds 3.25% 1dec2035, CAD, Canada, Bonds 2.75% 1sep2030, CAD, and Canada, Bond 1.5 1jun2031 10Y.
Which ETF is more diversified: XFR or TDB?
XFR holds 25 securities, while TDB holds 1577. On holdings count, TDB is the more diversified portfolio.
Recent articles about XFR and TDB
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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.