PFL.TO Alternatives & Similar ETFs

Invesco Canadian Government Floating Rate Index ETF (PFL.TO) belongs to the Canadian Government Bonds category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with PFL.TO. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to PFL.TO

Among 29 ETFs in the Canadian Government Bonds category with expense-ratio data, the lowest-cost alternatives shown here go as low as 0.08%.

Symbol	Name	Expense Ratio	AUM	Inception
TDB.TO	TD Canadian Aggregate Bond Index ETF	0.08%	4.00B	Mar 2016	PFL.TO vs TDB.TO
VAB.TO	Vanguard Canadian Aggregate Bond Index ETF	0.09%	7.36B	Nov 2011	PFL.TO vs VAB.TO
ZAG.TO	BMO Aggregate Bond Index ETF	0.09%	13.01B	Jan 2010	PFL.TO vs ZAG.TO
CBIL.TO	Global X 0-3 Month T-Bill ETF	0.10%	2.37B	Apr 2023	PFL.TO vs CBIL.TO
XSH.TO	iShares Core Canadian Short Term Corporate Bond In...	0.10%	2.57B	Sep 2011	PFL.TO vs XSH.TO

Best Risk-Adjusted Alternatives to PFL.TO

PFL.TO has a PortfoliosLab risk / return rank of 98. There are 4 ETFs in the Canadian Government Bonds category with higher risk-adjusted ranks, going as high as 99.

Symbol	Name	Risk / Return Rank	AUM	Inception
CBIL.TO	Global X 0-3 Month T-Bill ETF	99	2.37B	Apr 2023	PFL.TO vs CBIL.TO
VVSG.TO	Vanguard Canadian Ultra-Short Government Bond Inde...	99	207.91M	Sep 2024	PFL.TO vs VVSG.TO
TCSH.TO	TD Cash Management ETF	99	—	Feb 2024	PFL.TO vs TCSH.TO
XFR.TO	iShares Floating Rate Index ETF	98	813.13M	Dec 2011	PFL.TO vs XFR.TO
ZBI.TO	BMO Canadian Bank Income Index ETF	89	—	Feb 2022	PFL.TO vs ZBI.TO

Top Performing PFL.TO Alternatives (YTD)

PFL.TO is at 1.26% YTD. There are 24 ETFs in the Canadian Government Bonds category with higher YTD returns, going as high as 2.70%.

Symbol	Name	YTD Return	AUM	Inception
CORE.TO	PIMCO Canadian Core Bond Fund	2.70%	—	Jan 2011	PFL.TO vs CORE.TO
XLB.TO	iShares Core Canadian Long Term Bond Index ETF	2.34%	743.58M	Nov 2006	PFL.TO vs XLB.TO
ZGB.TO	BMO Government Bond Index ETF	2.22%	1.28B	Mar 2018	PFL.TO vs ZGB.TO
ZBI.TO	BMO Canadian Bank Income Index ETF	2.05%	—	Feb 2022	PFL.TO vs ZBI.TO
ZFL.TO	BMO Long Federal Bond	1.87%	1.31B	May 2010	PFL.TO vs ZFL.TO

Lowest Volatility Alternatives to PFL.TO

PFL.TO has 0.82% 1-year volatility. There are 4 ETFs in the Canadian Government Bonds category with lower 1-year volatility, going as low as 0.26%.

Symbol	Name	Volatility 1Y	AUM	Inception
CBIL.TO	Global X 0-3 Month T-Bill ETF	0.26%	2.37B	Apr 2023	PFL.TO vs CBIL.TO
VVSG.TO	Vanguard Canadian Ultra-Short Government Bond Inde...	0.34%	207.91M	Sep 2024	PFL.TO vs VVSG.TO
TCSH.TO	TD Cash Management ETF	0.45%	—	Feb 2024	PFL.TO vs TCSH.TO
XFR.TO	iShares Floating Rate Index ETF	0.72%	813.13M	Dec 2011	PFL.TO vs XFR.TO
XSTB.TO	iShares ESG Aware Canadian Short Term Bond Index E...	1.81%	146.65M	Mar 2019	PFL.TO vs XSTB.TO

Lowest Drawdown Alternatives to PFL.TO

PFL.TO has a 1-year max drawdown of -0.15%. There are 4 ETFs in the Canadian Government Bonds category with shallower 1-year drawdowns, going as shallow as -0.04%.

Symbol	Name	Max Drawdown 1Y	AUM	Inception
CBIL.TO	Global X 0-3 Month T-Bill ETF	-0.04%	2.37B	Apr 2023	PFL.TO vs CBIL.TO
XFR.TO	iShares Floating Rate Index ETF	-0.10%	813.13M	Dec 2011	PFL.TO vs XFR.TO
TCSH.TO	TD Cash Management ETF	-0.10%	—	Feb 2024	PFL.TO vs TCSH.TO
VVSG.TO	Vanguard Canadian Ultra-Short Government Bond Inde...	-0.14%	207.91M	Sep 2024	PFL.TO vs VVSG.TO
ZBI.TO	BMO Canadian Bank Income Index ETF	-1.21%	—	Feb 2022	PFL.TO vs ZBI.TO

Other ETFs from Invesco

The 10 most viewed Invesco ETFs shown here include QQC.TO, QQC-F.TO, EQL.TO and span 7 categories. AUM among these funds goes as high as $2B.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
QQC.TO	Invesco NASDAQ 100 Index ETF CAD Hedged	Nasdaq-100	72	21.68%	1.96B	May 2021	PFL.TO vs QQC.TO
QQC-F.TO	Invesco NASDAQ 100 Index ETF CAD Hedged	Nasdaq-100	52	16.21%	1.54B	May 2021	PFL.TO vs QQC-F.TO
EQL.TO	Invesco S&P 500 Equal Weight Index ETF CAD	S&P 500, Equal Weight	78	17.42%	1.66B	May 2018	PFL.TO vs EQL.TO
INAI.TO	Invesco Morningstar Global Next Gen AI Index ETF	Technology Equities	47	29.72%	—	Jan 2024	PFL.TO vs INAI.TO
EQLI.TO	Invesco S&P 500 Equal Weight Income Advantage ETF	S&P 500, Derivative Income, Equal Weight	91	15.80%	155.19M	Nov 2025	PFL.TO vs EQLI.TO
QQCI.TO	Invesco NASDAQ 100 Income Advantage ETF	Nasdaq-100	84	16.93%	59.49M	Nov 2025	PFL.TO vs QQCI.TO
QQCE.TO	Invesco ESG NASDAQ 100 Index ETF	Nasdaq-100	68	20.94%	—	Nov 2021	PFL.TO vs QQCE.TO
ESG.TO	Invesco S&P 500 ESG Index ETF	S&P 500, ESG	77	13.64%	1.05B	Mar 2020	PFL.TO vs ESG.TO
TLV.TO	Invesco S&P/TSX Composite Low Volatility Index ETF	Canada Equities	97	16.50%	99.35M	Apr 2012	PFL.TO vs TLV.TO
ESGC.TO	Invesco S&P/TSX Composite ESG Index ETF	Canada Equities, ESG	88	14.40%	—	Oct 2020	PFL.TO vs ESGC.TO

Compare PFL.TO with Any Fund or Stock

Compare PFL.TO with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

Symbol name

Diversifiers

Pair PFL.TO with funds that move differently

Invesco Canadian Government Floating Rate Index ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to PFL.TO.

Explore PFL.TO Diversifiers

Invesco Canadian Government Floating Rate Index ETF (PFL.TO) Alternatives