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Compare iShares Floating Rate Index ETF (XFR) vs iShares Canadian Universe Bond Index ETF (XBB) to find the best fit for your portfolio. XFR provides Government Agencies, Municipal, and Finance exposures, while XBB is primarily weighted in Sovereign, Municipal, and Finance. When evaluating costs, XFR features a management fee (MER) of 0.12%, compared to 0.09% for XBB. Performance-wise, XFR has returned 2.16% year-to-date with +$227 M in net flows, whereas XBB is at 0.31% 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
XBB
| AuM | $975.55 M | $10,937.11 M |
| Management Fees | 0.12% | 0.09% |
| Exp. ratio | 0.13% | 0.10% |
| Tracking Difference | - | - |
Historical performance and flows
As of October 23, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | XFR | +0.18% | +0.69% | +2.16% | +2.76% | +11.48% |
XBB | +0.95% | -0.24% | +0.31% | -0.63% | +15.55% | |
| Flows | XFR | +$92 M | +$181 M | +$227 M | +$227 M | +$112 M |
XBB | +$95 M | +$1,008 M | +$2,066 M | +$2,616 M | +$4,793 M |
XFR vs XBB exposure
Countries
XFR
Canada
95.92%
XBB
Canada
96.80%
Sectors
XFR
Government Agencies
50.30%
Municipal
34.31%
Finance
10.91%
XBB
Sovereign
33.82%
Municipal
28.72%
Finance
14.06%
Government Agencies
7.21%
Other
16.19%
As of October 23, 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%
XBB
Canada, Bonds 2.75% 1sep2030, CAD
1.54%
Canada, Bonds 2.75% 1mar2031, CAD
1.52%
Canada, Bonds 3.25% 1dec2035, CAD
1.50%
Canada, Bonds 3.25% 1jun2036, CAD
1.46%
Canada, Bonds 3.25% 1jun2035, CAD
1.40%
Canada, Bonds 3% 1sep2031, CAD
1.28%
Canada, Bonds 2.75% 1mar2030, CAD
1.21%
Canada, Bonds 3% 1jun2034, CAD
1.21%
Canada, Bonds 3.5% 1dec2057, CAD
1.16%
Canada, Bonds 3.5% 1sep2029, CAD
1.14%
Diversification
XFR
Total weight of top 10 holdings out of 26 total
65.06%
XBB
Total weight of top 10 holdings out of 1,904 total
13.40%
Characteristics
Compare
XFR
XBB
| Provider | iShares | iShares |
| Management | Passively managed | Passively managed |
| Benchmark | FTSE Canada Floating Rate Note TR Index - CAD | FTSE Canada Universe Bond TR Index - CAD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Fixed Income | Fixed Income |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 2.63% | 3.51% |
| Meets ESG criteria | No | No |
| Inception Date | December 6, 2011 | November 20, 2000 |
Frequently asked questions about XFR and XBB
Which ETF has performed better year to date: XFR or XBB?
As of October 23, 2026, XFR has returned 2.16% year to date, while XBB has returned 0.31%. XFR is ahead on YTD performance.
Which ETF is larger by assets under management: XFR or XBB?
As of October 23, 2026, XFR manages $975.55 M in assets, while XBB manages $10.94 B. XBB is the larger fund by AUM.
How are XFR and XBB managed?
XFR is passively managed by iShares. It tracks the FTSE Canada Floating Rate Note TR Index - CAD benchmark. XBB is passively managed by iShares. It tracks the FTSE Canada Universe Bond TR Index - CAD benchmark.
What sectors do XFR and XBB emphasize?
XFR is most exposed to Government Agencies, Municipal, and Finance. XBB is most exposed to Sovereign, Municipal, and Finance.
Which ETF is attracting more investor flows: XFR or XBB?
Year to date, XFR has seen +$226.66 M in net flows, compared with +$2,065.62 M for XBB. XBB has attracted more net investor money so far.
How do the fees of XFR and XBB compare?
XFR has an expense ratio of 0.13%, while XBB has an expense ratio of 0.10%.
What are the top holdings of XFR and XBB?
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). XBB's top holdings include Canada, Bonds 2.75% 1sep2030, CAD, Canada, Bonds 2.75% 1mar2031, CAD, and Canada, Bonds 3.25% 1dec2035, CAD.
Which ETF is more diversified: XFR or XBB?
XFR holds 25 securities, while XBB holds 1878. On holdings count, XBB is the more diversified portfolio.
Recent articles about XFR and XBB
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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.