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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 Finance exposures, while XSH is primarily weighted in Finance, Energy, and Utilities. When evaluating costs, XFR features a management fee (MER) of 0.12%, compared to 0.09% for XSH. Performance-wise, XFR has returned 2.25% year-to-date with +$245 M in net flows, whereas XSH is at 1.79% 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
XSH
| AuM | $992.27 M | $3,185.26 M |
| Management Fees | 0.12% | 0.09% |
| Exp. ratio | 0.13% | 0.10% |
| Tracking Difference | - | -0.11% |
Historical performance and flows
As of November 4, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | XFR | +0.20% | +0.69% | +2.25% | +2.78% | +11.37% |
XSH | +0.58% | +0.15% | +1.79% | +1.92% | +17.92% | |
| Flows | XFR | +$98 M | +$189 M | +$245 M | +$251 M | +$166 M |
XSH | +$88 M | +$495 M | +$1,028 M | +$1,162 M | +$2,044 M |
XFR vs XSH exposure
Countries
XFR
Canada
91.52%
Other
8.47%
XSH
Canada
86.64%
USA
7.40%
Sectors
XFR
Government Agencies
47.29%
Municipal
33.41%
Finance
10.83%
Other
8.47%
XSH
Finance
61.34%
Energy
7.50%
Utilities
7.03%
Other
24.13%
As of November 4, 2026
Top 10 Holdings
XFR
Province of Ontario, FRN 27nov2028, CAD (DMTN261)
8.58%
Canada Housing Trust, FRN 15mar2028, CAD (111)
8.04%
Canada Housing Trust, FRN 15sep2027, CAD (108)
7.93%
Canada Housing Trust, FRN 15sep2028, CAD (114)
7.21%
CMHC, FRN 15mar2027, CAD (103)
6.05%
Province of Ontario, FRN 13jan2031, CAD (DMTN275)
5.33%
Canada Housing Trust, FRN 15mar2030, CAD (124)
5.07%
Province of Quebec, FRN 22jul2030, CAD (B139)
5.00%
Province of Ontario, FRN 21feb2030, CAD (DMTN270)
4.70%
Province of Ontario, FRN 19nov2030, CAD (DMTN274)
4.66%
XSH
Bank of Nova Scotia, 3.61% 30jan2032, CAD
0.89%
Royal Bank of Canada, 3.572% 9dec2031, CAD
0.88%
Toronto-Dominion Bank, 3.687% 9jan2032, CAD
0.78%
CIBC, 3.65% 13jan2032, CAD
0.75%
Toronto-Dominion Bank, 3.857% 7apr2032, CAD
0.69%
Toronto-Dominion Bank, 4.68% 8jan2029, CAD
0.67%
Bank of Nova Scotia, 3.734% 27jun2031, CAD
0.66%
Amazon.com, 3.7% 12jun2031, CAD
0.65%
Royal Bank of Canada, 4.632% 1may2028, CAD
0.65%
Bank of Montreal, 4.709% 7dec2027, CAD
0.64%
Diversification
XFR
Total weight of top 10 holdings out of 24 total
62.56%
XSH
Total weight of top 10 holdings out of 665 total
7.25%
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 | 2.59% | 3.99% |
| 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 November 4, 2026, XFR has returned 2.25% year to date, while XSH has returned 1.79%. XFR is ahead on YTD performance.
Which ETF is larger by assets under management: XFR or XSH?
As of November 4, 2026, XFR manages $992.27 M in assets, while XSH manages $3.19 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 Finance. XSH is most exposed to Finance, Energy, and Utilities.
Which ETF is attracting more investor flows: XFR or XSH?
Year to date, XFR has seen +$244.70 M in net flows, compared with +$1,028.02 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 Province of Ontario, FRN 27nov2028, CAD (DMTN261) and Canada Housing Trust, FRN 15mar2028, CAD (111). XSH's top holdings include Bank of Nova Scotia, 3.61% 30jan2032, CAD and Royal Bank of Canada, 3.572% 9dec2031, CAD.
Which ETF is more diversified: XFR or XSH?
XFR holds 22 securities, while XSH holds 631. On holdings count, XSH is the more diversified portfolio.
Recent articles about XFR and XSH
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