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Compare iShares Floating Rate Index ETF (XFR) vs iShares Core Canadian Short Term Corporate + Maple Bond Index ETF (XSH) to find the best fit for your portfolio. XFR provides Government agencies, Municipal, and Banks exposures, while XSH is primarily weighted in Banks, Pipelines, and Communication services. When evaluating costs, XFR features a management fee (MER) of 0.12%, compared to 0.09% for XSH. Performance-wise, XFR has returned 0.8% year-to-date with +$60 M in net flows, whereas XSH is at 0.61% with +$198 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
XSH
| AuM | $806.77 M | $2,378.83 M |
| Management Fees | 0.12% | 0.09% |
| Exp. ratio | 0.13% | 0.10% |
| Tracking Difference | - | -0.11% |
Historical performance and flows
As of April 28, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | XFR | +0.22% | +0.54% | +0.80% | +3.02% | +12.69% |
XSH | +0.60% | +0.13% | +0.61% | +3.87% | +17.20% | |
| Flows | XFR | +$52 M | +$52 M | +$60 M | +$6 M | +$80 M |
XSH | +$23 M | +$144 M | +$198 M | +$871 M | +$1,087 M |
XFR vs XSH exposure
Countries
XFR
Canada
99.73%
XSH
Canada
93.78%
Sectors
XFR
Government agencies
45.33%
Other
32.71%
Municipal
12.35%
Banks
8.24%
XSH
Banks
27.92%
Other
25.15%
Other
46.92%
As of April 28, 2026
Top 10 Holdings
XFR
Canada Housing Trust, FRN 15mar2028, CAD (111)
7.68%
Province of Ontario, FRN 27nov2028, CAD (DMTN261)
7.68%
Canada Housing Trust, FRN 15sep2027, CAD (108)
7.53%
Canada Housing Trust, FRN 15sep2028, CAD (114)
6.82%
CMHC, FRN 15sep2026, CAD (99)
6.36%
CMHC, FRN 15mar2027, CAD (103)
6.10%
CA68333ZBQ96
4.76%
Canada Housing Trust, FRN 15mar2030, CAD (124)
4.64%
CA74814ZFW82
4.63%
CA68333ZBL00
4.62%
XSH
CA06418Y4L93
0.94%
CA779926WF74
0.90%
CA89116C7J09
0.80%
CA13607QQT27
0.79%
Toronto-Dominion Bank, 4.21% 1jun2027, CAD
0.74%
CA06418YXB96
0.73%
Bank of Montreal, 4.709% 7dec2027, CAD
0.70%
Royal Bank of Canada, 4.632% 1may2028, CAD
0.68%
Toronto-Dominion Bank, 4.68% 8jan2029, CAD
0.67%
Bank of Montreal, 4.309% 1jun2027, CAD
0.66%
Diversification
XFR
Total weight of top 10 holdings out of 27 total
60.84%
XSH
Total weight of top 10 holdings out of 616 total
7.60%
Characteristics
Compare
XFR
XSH
| Provider | iShares | iShares |
| Management | Passively managed | Passively managed |
| Benchmark | FTSE Canada Floating Rate Note TR Index - CAD | FTSE Canada Universe + Maple Short Term Corporate Bond TR Index - CAD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Fixed Income | Fixed Income |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 2.82% | 3.90% |
| Meets ESG criteria | No | No |
| Inception Date | December 6, 2011 | September 13, 2011 |
Frequently asked questions about XFR and XSH
Which ETF has performed better year to date: XFR or XSH?
As of April 28, 2026, XFR has returned 0.80% year to date, while XSH has returned 0.61%. XFR is ahead on YTD performance.
Which ETF is larger by assets under management: XFR or XSH?
As of April 28, 2026, XFR manages $806.77 M in assets, while XSH manages $2.38 B. XSH is the larger fund by AUM.
How are XFR and XSH managed?
XFR is passively managed by iShares. It tracks the FTSE Canada Floating Rate Note TR Index - CAD benchmark. XSH is passively managed by iShares. It tracks the FTSE Canada Universe + Maple Short Term Corporate Bond TR Index - CAD benchmark.
What sectors do XFR and XSH emphasize?
XFR is most exposed to Government agencies, Municipal, and Banks. XSH is most exposed to Banks, Pipelines, and Communication services.
Which ETF is attracting more investor flows: XFR or XSH?
Year to date, XFR has seen +$60.12 M in net flows, compared with +$197.90 M for XSH. XSH has attracted more net investor money so far.
How do the fees of XFR and XSH compare?
XFR has an expense ratio of 0.13%, while XSH has an expense ratio of 0.10%.
What are the top holdings of XFR and XSH?
XFR's largest holdings include Canada Housing Trust, FRN 15mar2028, CAD (111) and Province of Ontario, FRN 27nov2028, CAD (DMTN261). XSH's top holdings include Toronto-Dominion Bank, 4.21% 1jun2027, CAD and Bank of Montreal, 4.709% 7dec2027, CAD.
Which ETF is more diversified: XFR or XSH?
XFR holds 19 securities, while XSH holds 467. On holdings count, XSH is the more diversified portfolio.
Recent articles about XFR and XSH
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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.