VS
iShares Canadian Real Return Bond Index ETF (XRB) and Global X 0-3 Month T-Bill ETF (CBIL) offer distinct profiles for Canadian ETF investors. A direct comparison shows that XRB focuses its top 3 sector exposures on Sovereign and Municipal, while CBIL leans towards Sovereign. When evaluating costs, XRB features a management fee (MER) of 0.35%, compared to 0.1% for CBIL. Performance-wise, XRB has returned 3.67% year-to-date with +$9 M in net flows, whereas CBIL is at 1.46% 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
XRB
CBIL
| AuM | $263.31 M | $2,750.21 M |
| Management Fees | 0.35% | 0.10% |
| Exp. ratio | 0.39% | 0.11% |
| Tracking Difference | - | - |
Historical performance and flows
As of September 2, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | XRB | -0.04% | -0.64% | +3.67% | +4.04% | +20.97% |
CBIL | +0.18% | +0.55% | +1.46% | +2.24% | +7.35% | |
| Flows | XRB | -$9 M | -$2 M | +$9 M | +$5 M | -$135 M |
CBIL | +$244 M | +$506 M | +$1,160 M | +$1,143 M | +$2,284 M |
XRB vs CBIL exposure
Countries
XRB
Canada
99.99%
CBIL
Canada
99.99%
Sectors
XRB
Sovereign
88.90%
Municipal
11.10%
CBIL
Sovereign
99.99%
As of September 2, 2026
Top 10 Holdings
XRB
Canada, RRB 4% 1dec2031, CAD
14.73%
Canada, RRB 3% 1dec2036, CAD
13.90%
Canada, RRB 1.5% 1dec2044, CAD
12.96%
Canada, RRB 2% 1dec2041, CAD
12.47%
Canada, RRB 4.25% 1dec2026, CAD (VS05)
12.10%
Canada, RRB 1.25% 1dec2047, CAD
11.46%
Canada, RRB 0.5% 1dec2050, CAD
9.20%
Province of Ontario, 2% 1dec2036, CAD (DMTN158)
5.33%
Province of Quebec, 4.25% 1dec2031, CAD (PM)
2.42%
Canada, RRB 0.25r 1dec2054 30Y
2.08%
CBIL
Canada, Bills 0% 9nov2023, CAD (364D)
99.99%
Diversification
XRB
Total weight of top 10 holdings out of 13 total
96.64%
CBIL
Total weight of top 10 holdings out of 1 total
99.99%
Characteristics
Compare
XRB
CBIL
| Provider | iShares | Global X |
| Management | Passively managed | Actively managed |
| Benchmark | FTSE Canada Real Return Bond TR Index - CAD | - |
| Replication Method | Direct (Physical) | |
| Asset Class | Fixed Income | Fixed Income |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 2.39% | 2.23% |
| Meets ESG criteria | No | No |
| Inception Date | December 19, 2005 | April 12, 2023 |
Frequently asked questions about XRB and CBIL
Which ETF has performed better year to date: XRB or CBIL?
As of September 2, 2026, XRB has returned 3.67% year to date, while CBIL has returned 1.46%. XRB is ahead on YTD performance.
Which ETF is larger by assets under management: XRB or CBIL?
As of September 2, 2026, XRB manages $263.31 M in assets, while CBIL manages $2.75 B. CBIL is the larger fund by AUM.
How are XRB and CBIL managed?
XRB is passively managed by iShares. It tracks the FTSE Canada Real Return Bond TR Index - CAD benchmark. CBIL is actively managed by Global X. It does not track an index.
What sectors do XRB and CBIL emphasize?
XRB is most exposed to Sovereign and Municipal. CBIL is most exposed to Sovereign.
Which ETF is attracting more investor flows: XRB or CBIL?
Year to date, XRB has seen +$9.17 M in net flows, compared with +$1,160.07 M for CBIL. CBIL has attracted more net investor money so far.
How do the fees of XRB and CBIL compare?
XRB has an expense ratio of 0.39%, while CBIL has an expense ratio of 0.11%.
What are the top holdings of XRB and CBIL?
XRB's largest holdings include Canada, RRB 4% 1dec2031, CAD, Canada, RRB 3% 1dec2036, CAD, and Canada, RRB 1.5% 1dec2044, CAD. CBIL's top holdings include Canada, Bills 0% 9nov2023, CAD (364D).
Which ETF is more diversified: XRB or CBIL?
XRB holds 13 securities, while CBIL holds 1. On holdings count, XRB is the more diversified portfolio.
Recent articles about XRB and CBIL
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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.