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iShares Core Canadian Short Term Corporate + Maple Bond Index ETF (XSH) and iShares Canadian Corporate Bond Index ETF (XCB) 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 XCB leans towards Finance, Utilities, and Energy. When evaluating costs, XSH features a management fee (MER) of 0.09%, compared to 0.15% for XCB. Performance-wise, XSH has returned 1.6% year-to-date with +$1 B in net flows, whereas XCB is at 1.21% 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
XSH
XCB
| AuM | $3,167.77 M | $3,892.86 M |
| Management Fees | 0.09% | 0.15% |
| Exp. ratio | 0.10% | 0.17% |
| 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% |
XCB | +1.02% | -0.23% | +1.21% | +0.90% | +19.63% | |
| Flows | XSH | +$164 M | +$483 M | +$1,017 M | +$1,157 M | +$2,043 M |
XCB | +$137 M | +$536 M | +$1,172 M | +$1,429 M | +$2,246 M |
XSH vs XCB exposure
Countries
XSH
Canada
86.64%
USA
7.40%
XCB
Canada
87.07%
USA
7.88%
Sectors
XSH
Finance
61.34%
Energy
7.50%
Utilities
7.03%
Other
24.13%
XCB
Finance
42.41%
Utilities
14.80%
Energy
12.89%
Industrials
8.51%
Other
21.39%
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%
XCB
Amazon.com, 5% 12jun2056, CAD
0.65%
Royal Bank of Canada, 3.572% 9dec2031, CAD
0.52%
Bank of Nova Scotia, 3.61% 30jan2032, CAD
0.50%
Amazon.com, 4.35% 12jun2036, CAD
0.49%
CIBC, 3.65% 13jan2032, CAD
0.45%
Toronto-Dominion Bank, 3.687% 9jan2032, CAD
0.43%
Bank of Nova Scotia, 3.734% 27jun2031, CAD
0.43%
CA89116WMS93
0.40%
Alphabet, 5% 15may2056, CAD
0.39%
Toronto-Dominion Bank, 4.68% 8jan2029, CAD
0.39%
Diversification
XSH
Total weight of top 10 holdings out of 665 total
7.25%
XCB
Total weight of top 10 holdings out of 1,354 total
4.65%
Characteristics
Compare
XSH
XCB
| Provider | iShares | iShares |
| Management | Passively managed | Passively managed |
| Benchmark | FTSE Canada Universe + Maple Short Term Corporate Bond TR Index - CAD | FTSE Canada All 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 | 4.00% | 4.26% |
| Meets ESG criteria | No | No |
| Inception Date | September 13, 2011 | November 6, 2006 |
Frequently asked questions about XSH and XCB
Which ETF has performed better year to date: XSH or XCB?
As of November 2, 2026, XSH has returned 1.60% year to date, while XCB has returned 1.21%. XSH is ahead on YTD performance.
Which ETF is larger by assets under management: XSH or XCB?
As of November 2, 2026, XSH manages $3.17 B in assets, while XCB manages $3.89 B. XCB is the larger fund by AUM.
How are XSH and XCB managed?
XSH is passively managed by iShares. It tracks the FTSE Canada Universe + Maple Short Term Corporate Bond TR Index - CAD benchmark. XCB is passively managed by iShares. It tracks the FTSE Canada All Corporate Bond TR Index - CAD benchmark.
What sectors do XSH and XCB emphasize?
XSH is most exposed to Finance, Energy, and Utilities. XCB is most exposed to Finance, Utilities, and Energy.
Which ETF is attracting more investor flows: XSH or XCB?
Year to date, XSH has seen +$1,016.73 M in net flows, compared with +$1,171.63 M for XCB. XCB has attracted more net investor money so far.
How do the fees of XSH and XCB compare?
XSH has an expense ratio of 0.10%, while XCB has an expense ratio of 0.17%.
What are the top holdings of XSH and XCB?
XSH's largest holdings include Bank of Nova Scotia, 3.61% 30jan2032, CAD and Royal Bank of Canada, 3.572% 9dec2031, CAD. XCB's top holdings include Amazon.com, 5% 12jun2056, CAD and Royal Bank of Canada, 3.572% 9dec2031, CAD.
Which ETF is more diversified: XSH or XCB?
XSH holds 631 securities, while XCB holds 1297. On holdings count, XCB is the more diversified portfolio.
Recent articles about XSH and XCB
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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.