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Compare iShares Floating Rate Index ETF (XFR) vs iShares Canadian Short Term Bond Index ETF (XSB) to find the best fit for your portfolio. XFR provides Government Agencies, Municipal, and Finance exposures, while XSB is primarily weighted in Sovereign, Finance, and Municipal. When evaluating costs, XFR features a management fee (MER) of 0.12%, compared to 0.09% for XSB. Performance-wise, XFR has returned 2.17% year-to-date with +$227 M in net flows, whereas XSB is at 0.9% with +$1 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
XSB
| AuM | $975.60 M | $4,546.04 M |
| Management Fees | 0.12% | 0.09% |
| Exp. ratio | 0.13% | 0.10% |
| Tracking Difference | - | - |
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% |
XSB | +0.43% | -0.25% | +0.90% | +0.70% | +14.34% | |
| Flows | XFR | +$88 M | +$181 M | +$227 M | +$227 M | +$116 M |
XSB | -$34 M | +$268 M | +$1,036 M | +$1,268 M | +$2,295 M |
XFR vs XSB exposure
Countries
XFR
Canada
95.92%
XSB
Canada
96.30%
Sectors
XFR
Government Agencies
50.30%
Municipal
34.31%
Finance
10.91%
XSB
Sovereign
37.37%
Finance
24.58%
Municipal
15.20%
Government Agencies
10.03%
Other
12.82%
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%
XSB
Canada, Bonds 2.75% 1sep2030, CAD
3.54%
Canada, Bonds 2.75% 1mar2031, CAD
3.52%
Canada, Bonds 2.75% 1mar2030, CAD
2.81%
Canada, Bonds 3.5% 1sep2029, CAD
2.64%
Canada, Bonds 2.25% 1feb2028, CAD
2.55%
Canada, Bond 1.5 1jun2031 10Y
2.54%
Canada, Bonds 2.5% 1may2028, CAD
2.47%
Canada, Bonds 2.5% 1nov2027, CAD
2.47%
Canada, Bonds 2.75% 1aug2028, CAD
2.39%
Canada, Bonds 4% 1mar2029, CAD
2.37%
Diversification
XFR
Total weight of top 10 holdings out of 26 total
65.06%
XSB
Total weight of top 10 holdings out of 770 total
27.28%
Characteristics
Compare
XFR
XSB
| Provider | iShares | iShares |
| Management | Passively managed | Passively managed |
| Benchmark | FTSE Canada Floating Rate Note TR Index - CAD | FTSE Canada Short Term Overall 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% | 3.11% |
| Meets ESG criteria | No | No |
| Inception Date | December 6, 2011 | November 20, 2000 |
Frequently asked questions about XFR and XSB
Which ETF has performed better year to date: XFR or XSB?
As of October 26, 2026, XFR has returned 2.17% year to date, while XSB has returned 0.90%. XFR is ahead on YTD performance.
Which ETF is larger by assets under management: XFR or XSB?
As of October 26, 2026, XFR manages $975.60 M in assets, while XSB manages $4.55 B. XSB is the larger fund by AUM.
How are XFR and XSB managed?
XFR is passively managed by iShares. It tracks the FTSE Canada Floating Rate Note TR Index - CAD benchmark. XSB is passively managed by iShares. It tracks the FTSE Canada Short Term Overall Bond TR Index - CAD benchmark.
What sectors do XFR and XSB emphasize?
XFR is most exposed to Government Agencies, Municipal, and Finance. XSB is most exposed to Sovereign, Finance, and Municipal.
Which ETF is attracting more investor flows: XFR or XSB?
Year to date, XFR has seen +$226.66 M in net flows, compared with +$1,035.92 M for XSB. XSB has attracted more net investor money so far.
How do the fees of XFR and XSB compare?
XFR has an expense ratio of 0.13%, while XSB has an expense ratio of 0.10%.
What are the top holdings of XFR and XSB?
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). XSB's top holdings include Canada, Bonds 2.75% 1sep2030, CAD, Canada, Bonds 2.75% 1mar2031, CAD, and Canada, Bonds 2.75% 1mar2030, CAD.
Which ETF is more diversified: XFR or XSB?
XFR holds 25 securities, while XSB holds 759. On holdings count, XSB is the more diversified portfolio.
Recent articles about XFR and XSB
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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.