Question 1

What is XLB?

Accepted Answer

XLB (iShares Core Canadian Long Term Bond Index ETF) is a Canadian-listed ETF trading on the TSX in the Canadian Long Term Fixed Income category. It tracks the Morningstar Can 10+Y Core Bd GR CAD.

Question 2

What is the XLB ETF price today?

Accepted Answer

XLB last traded at $17.78 CAD on the TSX. See the price chart above for recent performance.

Question 3

What is the XLB MER (management expense ratio)?

Accepted Answer

XLB has a management expense ratio (MER) of 0% per year. This fee is automatically deducted from the fund's assets, so you never pay it directly — but it does reduce your net returns over time. At 0%, XLB is considered a low-cost ETF.

Question 4

What are XLB annualised returns?

Accepted Answer

XLB historical returns: YTD: -3.58%, 1-year: +0.84%, 3-year annualised: +2.15%, 5-year annualised: -2.98%, 10-year annualised: -0.02%. Past performance is not a guarantee of future results. The 3-year Sharpe ratio is -0.08, which measures risk-adjusted return.

Question 5

Does XLB pay dividends or distributions?

Accepted Answer

Yes, XLB distributes income to unitholders. The current distribution yield is approximately 4.16%, paid monthly. Distributions may include dividends, interest, capital gains, or return of capital depending on the fund's holdings. In a TFSA or RRSP, distributions are sheltered from tax.

Question 6

What does XLB invest in?

Accepted Answer

XLB's top holdings include Canada (Government of) 2% (null, 5.8%), Quebec (Province Of) 3.5% (null, 2.5%), Ontario (Province Of) 3.45% (null, 2.4%), Ontario (Province Of) 2.9% (null, 2.2%), Quebec (Province Of) 3.1% (null, 2.1%) — and 4 more positions. See the full Top 10 Holdings table above for a complete breakdown. The fund tracks the Morningstar Can 10+Y Core Bd GR CAD.

Question 7

What sectors does XLB invest in?

Accepted Answer

XLB's largest sector exposures are Basic Materials (0.0%), Consumer Cyclicals (0.0%), Financial Services (0.0%). The full sector breakdown is shown in the Sector Weights table on this page.

Question 8

How large is XLB? (Assets under management)

Accepted Answer

XLB has approximately $729M in assets under management (AUM). Larger AUM generally means better liquidity, tighter bid-ask spreads, and a lower risk of the fund being wound down.

Question 9

When was XLB launched?

Accepted Answer

XLB was launched on November 6, 2006, giving it a 20-year track record. A longer history makes it easier to evaluate how the ETF performs across different market cycles.

Question 10

How do I buy XLB in Canada?

Accepted Answer

XLB trades on the TSX under the ticker XLB. You can buy it through any Canadian brokerage, including Wealthsimple Trade (commission-free), Questrade, TD Direct Investing, RBC Direct, and CIBC Investor's Edge. It can be held in a TFSA, RRSP, FHSA, or taxable account.

Question 11

How risky is XLB?

Accepted Answer

XLB has a 1-year volatility of 8.67% and a beta of 1.02 (roughly in line with the broad market). Its 3-year Sharpe ratio of -0.08 indicates below-average risk-adjusted returns. As with all market-linked investments, past volatility does not predict future risk.

Date	Open	High	Low	Close	Adj Close	Volume
2026-09-03	$17.84	$17.85	$17.77	$17.78	$17.78	28,969
2026-09-02	$17.82	$17.83	$17.72	$17.77	$17.77	54,680
2026-09-01	$17.74	$17.84	$17.73	$17.82	$17.82	6,835
2026-08-31	$17.84	$17.86	$17.78	$17.86	$17.86	27,086
2026-08-28	$17.90	$17.93	$17.84	$17.85	$17.85	18,400
2026-08-27	$17.95	$17.95	$17.87	$17.87	$17.87	16,180
2026-08-26	$18.00	$18.00	$17.95	$17.97	$17.97	23,552
2026-08-25	$17.99	$18.11	$17.99	$18.09	$18.03	175,100
2026-08-24	$17.88	$17.98	$17.88	$17.94	$17.94	34,146
2026-08-21	$17.81	$17.82	$17.79	$17.80	$17.80	83,423

#	Name	Weight
1	Canada (Government of) 2%	5.83%
2	Quebec (Province Of) 3.5%	2.55%
3	Ontario (Province Of) 3.45%	2.35%
4	Ontario (Province Of) 2.9%	2.24%
5	Quebec (Province Of) 3.1%	2.12%
6	Ontario (Province Of) 2.65%	2.10%
7	Ontario (Province Of) 4.65%	1.93%
8	Ontario (Province Of) 2.8%	1.81%
9	Quebec (Province Of) 5%	1.81%

Sector	Weight
Basic Materials	0.00%
Consumer Cyclicals	0.00%
Financial Services	0.00%
Real Estate	0.00%
Communication Services	0.00%
Energy	0.00%
Industrials	0.00%
Technology	0.00%
Consumer Defensive	0.00%
Healthcare	0.00%
Utilities	0.00%

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CIBC Investor's Edge

iShares Core Canadian Long Term Bond Index ETF (XLB : TSX)

Price Chart (30 Days)

Key Statistics

Recent Price History

Annualised Returns

Top 10 Holdings

Sector Weights

ETF Details

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Frequently Asked Questions — XLB