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Compare iShares Core Canadian 1-10 Year Bond Index ETF (XSMB) vs RBC 1-5 YEAR LADDERED CANADIAN BOND ETF (RLB) to find the best fit for your portfolio. XSMB provides Sovereign, Municipal, and Finance exposures, while RLB is primarily weighted in Finance, Municipal, and Sovereign. When evaluating costs, XSMB features a management fee (MER) of 0.15%, compared to 0.22% for RLB. Performance-wise, XSMB has returned 0.6% year-to-date with +$0 M in net flows, whereas RLB is at 1.14% with +$56 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
XSMB
RLB
| AuM | $9.84 M | $215.92 M |
| Management Fees | 0.15% | 0.22% |
| Exp. ratio | 0.17% | 0.25% |
| Tracking Difference | - | - |
Historical performance and flows
As of September 3, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | XSMB | -0.77% | -0.57% | +0.60% | +1.74% | - |
RLB | -0.27% | +0.04% | +1.14% | +2.03% | +15.56% | |
| Flows | XSMB | +$0 M | +$0 M | +$0 M | -$2 M | - |
RLB | +$9 M | +$18 M | +$56 M | +$79 M | +$99 M |
XSMB vs RLB exposure
Countries
XSMB
Canada
96.97%
RLB
Canada
97.10%
Sectors
XSMB
Sovereign
39.05%
Municipal
21.64%
Finance
16.88%
Government Agencies
9.65%
Other
12.78%
RLB
Finance
49.64%
Municipal
13.62%
Sovereign
8.39%
Energy
7.06%
Other
21.29%
As of September 3, 2026
Top 10 Holdings
XSMB
Canada, Bonds 4% 1mar2029, CAD
3.15%
Canada, Bond 0.5 1oct2030 10Y
2.48%
Canada, Bonds 3.25% 1dec2035, CAD
2.47%
Canada, Bonds 2.75% 1sep2027, CAD
2.19%
Canada, Bonds 3% 1jun2034, CAD
2.06%
Canada, Bond 1.5 1jun2031 10Y
2.05%
CPPIB Capital, 3.6% 2jun2029, CAD (61)
2.05%
Canada, Bonds 2.75% 1jun2033, CAD
2.05%
Canada, Bonds 2.25% 1feb2028, CAD
2.02%
Canada, Bonds 2.5% 1may2028, CAD
2.02%
RLB
Bank of Nova Scotia, 3.61% 30jan2032, CAD
1.16%
CIBC, 3.65% 13jan2032, CAD
1.15%
Bank of Montreal, 3.539% 3mar2032, CAD
1.02%
Royal Bank of Canada, 3.626% 10dec2028, CAD
0.99%
Royal Bank of Canada, 3.985% 22jul2031, CAD
0.94%
Federation des caisses Desjardins du Quebec, 3.714% 16jul2031, CAD
0.91%
Toronto-Dominion Bank, 3.687% 9jan2032, CAD
0.87%
National Bank of Canada, 5.219% 14jun2028, CAD
0.86%
Goldman Sachs, 3.641% 5mar2032, CAD
0.84%
Bank of Montreal, 4.42% 17jul2029, CAD
0.83%
Diversification
XSMB
Total weight of top 10 holdings out of 304 total
22.54%
RLB
Total weight of top 10 holdings out of 317 total
9.56%
Characteristics
Compare
XSMB
RLB
| Provider | iShares | RBC Global Asset Management |
| Management | Passively managed | Actively managed |
| Benchmark | FTSE Canada Short-Mid Universe Bond GTR Index - CAD | - |
| Replication Method | Direct (Physical) | |
| Asset Class | Fixed Income | Fixed Income |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 3.46% | 3.55% |
| Meets ESG criteria | No | No |
| Inception Date | May 28, 2025 | January 1, 2016 |
Frequently asked questions about XSMB and RLB
Which ETF has performed better year to date: XSMB or RLB?
As of September 3, 2026, XSMB has returned 0.60% year to date, while RLB has returned 1.14%. RLB is ahead on YTD performance.
Which ETF is larger by assets under management: XSMB or RLB?
As of September 3, 2026, XSMB manages $9.84 M in assets, while RLB manages $215.92 M. RLB is the larger fund by AUM.
How are XSMB and RLB managed?
XSMB is passively managed by iShares. It tracks the FTSE Canada Short-Mid Universe Bond GTR Index - CAD benchmark. RLB is actively managed by RBC Global Asset Management. It does not track an index.
What sectors do XSMB and RLB emphasize?
XSMB is most exposed to Sovereign, Municipal, and Finance. RLB is most exposed to Finance, Municipal, and Sovereign.
Which ETF is attracting more investor flows: XSMB or RLB?
Year to date, XSMB has seen +$0.00 M in net flows, compared with +$56.27 M for RLB. RLB has attracted more net investor money so far.
How do the fees of XSMB and RLB compare?
XSMB has an expense ratio of 0.17%, while RLB has an expense ratio of 0.25%.
What are the top holdings of XSMB and RLB?
XSMB's largest holdings include Canada, Bonds 4% 1mar2029, CAD, Canada, Bond 0.5 1oct2030 10Y, and Canada, Bonds 3.25% 1dec2035, CAD. RLB's top holdings include Bank of Nova Scotia, 3.61% 30jan2032, CAD, CIBC, 3.65% 13jan2032, CAD, and Bank of Montreal, 3.539% 3mar2032, CAD.
Which ETF is more diversified: XSMB or RLB?
XSMB holds 304 securities, while RLB holds 317. On holdings count, RLB is the more diversified portfolio.
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