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Compare iShares Core Canadian Long Term Bond Index ETF (XLB) vs TD Canadian Aggregate Bond Index ETF (TDB) to find the best fit for your portfolio. XLB provides Municipal, Sovereign, and Utilities exposures, while TDB is primarily weighted in Sovereign, Municipal, and Finance. When evaluating costs, XLB features a management fee (MER) of 0.18%, compared to 0.08% for TDB. Performance-wise, XLB has returned 3.25% year-to-date with -$65 M in net flows, whereas TDB is at 0.59% 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
XLB
TDB
| AuM | $726.98 M | $4,266.59 M |
| Management Fees | 0.18% | 0.08% |
| Exp. ratio | 0.20% | 0.08% |
| Tracking Difference | - | -0.08% |
Historical performance and flows
As of September 30, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | XLB | -1.89% | -6.37% | -3.25% | -4.62% | +11.25% |
TDB | -0.88% | -2.24% | -0.59% | -0.79% | +14.58% | |
| Flows | XLB | +$14 M | +$55 M | -$65 M | -$82 M | -$12 M |
TDB | +$106 M | +$413 M | +$1,539 M | +$1,975 M | +$3,314 M |
XLB vs TDB exposure
Countries
XLB
Canada
98.26%
TDB
Canada
96.85%
Sectors
XLB
Municipal
51.71%
Sovereign
19.48%
Utilities
10.74%
Other
18.07%
TDB
Sovereign
35.48%
Municipal
27.50%
Finance
11.57%
Government Agencies
10.23%
Other
15.22%
As of September 30, 2026
Top 10 Holdings
XLB
Canada, Bonds 3.5% 1dec2057, CAD
4.72%
Canada, Bond 2 1jan2051 30Y
3.14%
Canada, Bonds 2.75% 1dec2055, CAD
3.05%
Canada, Bond 1.75 1dec2053 30Y
2.40%
Province of Quebec, 4.4% 1dec2055, CAD (B133)
2.04%
Province of Ontario, 3.45% 2jun2045, CAD (DMTN220)
1.75%
Province of Ontario, 4.45% 2dec2056, CAD
1.69%
Province of Quebec, 3.1% 1dec2051, CAD (B125-01)
1.58%
Province of Quebec, 4.2% 1dec2057, CAD (B137)
1.57%
Province of Ontario, 4.7% 2jun2037, CAD (DMTN164)
1.41%
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
XLB
Total weight of top 10 holdings out of 626 total
23.35%
TDB
Total weight of top 10 holdings out of 1,598 total
13.30%
Characteristics
Compare
XLB
TDB
| Provider | iShares | TD Asset Management |
| Management | Passively managed | Passively managed |
| Benchmark | FTSE Canada Long Term Overall Bond 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 | 4.32% | 3.47% |
| Meets ESG criteria | No | No |
| Inception Date | November 6, 2006 | March 22, 2016 |
Frequently asked questions about XLB and TDB
Which ETF has performed better year to date: XLB or TDB?
As of September 30, 2026, XLB has returned -3.25% year to date, while TDB has returned -0.59%. TDB is ahead on YTD performance.
Which ETF is larger by assets under management: XLB or TDB?
As of September 30, 2026, XLB manages $726.98 M in assets, while TDB manages $4.27 B. TDB is the larger fund by AUM.
How are XLB and TDB managed?
XLB is passively managed by iShares. It tracks the FTSE Canada Long Term Overall Bond 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 XLB and TDB emphasize?
XLB is most exposed to Municipal, Sovereign, and Utilities. TDB is most exposed to Sovereign, Municipal, and Finance.
Which ETF is attracting more investor flows: XLB or TDB?
Year to date, XLB has seen -$65.23 M in net flows, compared with +$1,538.59 M for TDB. TDB has attracted more net investor money so far.
How do the fees of XLB and TDB compare?
XLB has an expense ratio of 0.20%, while TDB has an expense ratio of 0.08%.
What are the top holdings of XLB and TDB?
XLB's largest holdings include Canada, Bonds 3.5% 1dec2057, CAD, Canada, Bond 2 1jan2051 30Y, and Canada, Bonds 2.75% 1dec2055, CAD. 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: XLB or TDB?
XLB holds 624 securities, while TDB holds 1577. On holdings count, TDB is the more diversified portfolio.
Recent articles about XLB 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.