VS
iShares Core Canadian Short Term Corporate + Maple Bond Index ETF (XSH) and CIBC Active Investment Grade Corporate Bond ETF (CACB) offer distinct profiles for Canadian ETF investors. A direct comparison shows that XSH focuses its top 3 sector exposures on Finance, Energy, and Utilities, while CACB leans towards Finance, Utilities, and Energy. When evaluating costs, XSH features a management fee (MER) of 0.09%, compared to 0.35% for CACB. Performance-wise, XSH has returned 1.6% year-to-date with +$1 B in net flows, whereas CACB is at 1.2% with +$472 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
XSH
CACB
| AuM | $3,167.77 M | $2,532.15 M |
| Management Fees | 0.09% | 0.35% |
| Exp. ratio | 0.10% | 0.38% |
| Tracking Difference | -0.11% | - |
Historical performance and flows
As of November 2, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | XSH | +0.40% | -0.05% | +1.60% | +1.70% | +18.01% |
CACB | +0.90% | -0.40% | +1.20% | +0.87% | +19.38% | |
| Flows | XSH | +$164 M | +$483 M | +$1,017 M | +$1,157 M | +$2,043 M |
CACB | +$8 M | +$120 M | +$472 M | +$607 M | +$1,321 M |
XSH vs CACB exposure
Countries
XSH
Canada
86.64%
USA
7.40%
CACB
Canada
81.57%
Other
7.17%
Other
11.26%
Sectors
XSH
Finance
61.34%
Energy
7.50%
Utilities
7.03%
Other
24.13%
CACB
Finance
38.53%
Utilities
15.43%
Energy
9.64%
Telecommunications
8.12%
Industrials
7.36%
Other
7.17%
Other
13.74%
As of November 2, 2026
Top 10 Holdings
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%
CACB
BCE, 4.7% 15nov2036, CAD (M-69)
2.79%
CIBC, 4.15% 2apr2035, CAD
2.29%
Toronto-Dominion Bank, 5.177% 9apr2034, CAD (D)
1.99%
Bank of Nova Scotia, 4.95% 1aug2034, CAD
1.81%
Capital Power Corporation, 4.231% 14jan2033, CAD (9)
1.61%
Inter Pipeline Ltd, 6.38% 17feb2033, CAD (16)
1.40%
Province of Ontario, 3.45% 2jun2045, CAD (DMTN220)
1.40%
Bank of Montreal, 4.077% 5mar2035, CAD (N)
1.39%
Videotron Ltd., 4.5% 15jan2030, CAD
1.37%
Ford Credit Canada Co, 4.819% 11sep2028, CAD
1.37%
Diversification
XSH
Total weight of top 10 holdings out of 665 total
7.25%
CACB
Total weight of top 10 holdings out of 236 total
17.41%
Characteristics
Compare
XSH
CACB
| Provider | iShares | CIBC |
| Management | Passively managed | Actively managed |
| Benchmark | FTSE Canada Universe + Maple Short Term Corporate Bond TR Index - CAD | - |
| Replication Method | Direct (Physical) | - |
| Asset Class | Fixed Income | Fixed Income |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 4.00% | 4.55% |
| Meets ESG criteria | No | No |
| Inception Date | September 13, 2011 | January 22, 2019 |
Frequently asked questions about XSH and CACB
Which ETF has performed better year to date: XSH or CACB?
As of November 2, 2026, XSH has returned 1.60% year to date, while CACB has returned 1.20%. XSH is ahead on YTD performance.
Which ETF is larger by assets under management: XSH or CACB?
As of November 2, 2026, XSH manages $3.17 B in assets, while CACB manages $2.53 B. XSH is the larger fund by AUM.
How are XSH and CACB managed?
XSH is passively managed by iShares. It tracks the FTSE Canada Universe + Maple Short Term Corporate Bond TR Index - CAD benchmark. CACB is actively managed by CIBC. It does not track an index.
What sectors do XSH and CACB emphasize?
XSH is most exposed to Finance, Energy, and Utilities. CACB is most exposed to Finance, Utilities, and Energy.
Which ETF is attracting more investor flows: XSH or CACB?
Year to date, XSH has seen +$1,016.73 M in net flows, compared with +$472.18 M for CACB. XSH has attracted more net investor money so far.
How do the fees of XSH and CACB compare?
XSH has an expense ratio of 0.10%, while CACB has an expense ratio of 0.38%.
What are the top holdings of XSH and CACB?
XSH's largest holdings include Bank of Nova Scotia, 3.61% 30jan2032, CAD and Royal Bank of Canada, 3.572% 9dec2031, CAD. CACB's top holdings include BCE, 4.7% 15nov2036, CAD (M-69) and CIBC, 4.15% 2apr2035, CAD.
Which ETF is more diversified: XSH or CACB?
XSH holds 631 securities, while CACB holds 214. On holdings count, XSH is the more diversified portfolio.
Recent articles about XSH and CACB
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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.