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

PFL.TO charges 0.13% annually. There are 10 ETFs in the Canadian Government Bonds category with lower expense ratios, going as low as 0.07%.

Symbol	Name	Expense Ratio	AUM	Inception
CCBI.TO	CIBC Canadian Bond Index ETF	0.07%	—	Mar 2021	PFL.TO vs CCBI.TO
TDB.TO	TD Canadian Aggregate Bond Index ETF	0.08%	4.09B	Mar 2016	PFL.TO vs TDB.TO
VAB.TO	Vanguard Canadian Aggregate Bond Index ETF	0.09%	7.52B	Nov 2011	PFL.TO vs VAB.TO
ZAG.TO	BMO Aggregate Bond Index ETF	0.09%	13.16B	Jan 2010	PFL.TO vs ZAG.TO
XSH.TO	iShares Core Canadian Short Term Corporate Bond In...	0.10%	2.65B	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 3 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	2.42B	Apr 2023	PFL.TO vs CBIL.TO
VVSG.TO	Vanguard Canadian Ultra-Short Government Bond Inde...	99	214.29M	Sep 2024	PFL.TO vs VVSG.TO
XFR.TO	iShares Floating Rate Index ETF	98	794.03M	Dec 2011	PFL.TO vs XFR.TO
ZBI.TO	BMO Canadian Bank Income Index ETF	90	—	Feb 2022	PFL.TO vs ZBI.TO
XSHG.TO	iShares ESG Advanced 1-5 Year Canadian Corporate B...	78	—	Aug 2021	PFL.TO vs XSHG.TO

Top Performing PFL.TO Alternatives (YTD)

PFL.TO is at 1.31% YTD. There are 4 ETFs in the Canadian Government Bonds category with higher YTD returns, going as high as 2.08%.

Symbol	Name	YTD Return	AUM	Inception
ZBI.TO	BMO Canadian Bank Income Index ETF	2.08%	—	Feb 2022	PFL.TO vs ZBI.TO
XFR.TO	iShares Floating Rate Index ETF	1.46%	794.03M	Dec 2011	PFL.TO vs XFR.TO
CORE.TO	PIMCO Canadian Core Bond Fund	1.45%	—	Jan 2011	PFL.TO vs CORE.TO
XSH.TO	iShares Core Canadian Short Term Corporate Bond In...	1.35%	2.65B	Sep 2011	PFL.TO vs XSH.TO
VVSG.TO	Vanguard Canadian Ultra-Short Government Bond Inde...	1.22%	214.29M	Sep 2024	PFL.TO vs VVSG.TO

Lowest Volatility Alternatives to PFL.TO

PFL.TO has 0.81% 1-year volatility. There are 3 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%	2.42B	Apr 2023	PFL.TO vs CBIL.TO
VVSG.TO	Vanguard Canadian Ultra-Short Government Bond Inde...	0.34%	214.29M	Sep 2024	PFL.TO vs VVSG.TO
XFR.TO	iShares Floating Rate Index ETF	0.71%	794.03M	Dec 2011	PFL.TO vs XFR.TO
XSTB.TO	iShares ESG Aware Canadian Short Term Bond Index E...	1.83%	148.22M	Mar 2019	PFL.TO vs XSTB.TO
XSHG.TO	iShares ESG Advanced 1-5 Year Canadian Corporate B...	1.87%	—	Aug 2021	PFL.TO vs XSHG.TO

Lowest Drawdown Alternatives to PFL.TO

PFL.TO has a 1-year max drawdown of -0.15%. There are 3 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%	2.42B	Apr 2023	PFL.TO vs CBIL.TO
XFR.TO	iShares Floating Rate Index ETF	-0.10%	794.03M	Dec 2011	PFL.TO vs XFR.TO
VVSG.TO	Vanguard Canadian Ultra-Short Government Bond Inde...	-0.14%	214.29M	Sep 2024	PFL.TO vs VVSG.TO
ZBI.TO	BMO Canadian Bank Income Index ETF	-1.21%	—	Feb 2022	PFL.TO vs ZBI.TO
XSTB.TO	iShares ESG Aware Canadian Short Term Bond Index E...	-1.35%	148.22M	Mar 2019	PFL.TO vs XSTB.TO

Other ETFs from Invesco

The 10 most viewed Invesco ETFs shown here include QQC.TO, QQC-F.TO, EQL.TO and span 9 categories. AUM among these funds goes as high as $4B.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
QQC.TO	Invesco NASDAQ 100 Index ETF CAD Hedged	Nasdaq-100	57	14.50%	3.73B	May 2021	PFL.TO vs QQC.TO
QQC-F.TO	Invesco NASDAQ 100 Index ETF CAD Hedged	Nasdaq-100	42	10.16%	3.73B	May 2021	PFL.TO vs QQC-F.TO
EQL.TO	Invesco S&P 500 Equal Weight Index ETF CAD	S&P 500, Equal Weight	74	15.12%	3.02B	May 2018	PFL.TO vs EQL.TO
INAI.TO	Invesco Morningstar Global Next Gen AI Index ETF	Technology Equities	43	23.55%	—	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	89	13.94%	169.56M	Nov 2025	PFL.TO vs EQLI.TO
QQCE.TO	Invesco ESG NASDAQ 100 Index ETF	Nasdaq-100	61	17.04%	—	Nov 2021	PFL.TO vs QQCE.TO
PDC.TO	Invesco Canadian Dividend Index ETF	Dividend, Canada Equities	98	26.09%	1.05B	Apr 2011	PFL.TO vs PDC.TO
ESG.TO	Invesco S&P 500 ESG Index ETF	S&P 500, ESG	67	10.55%	1.22B	Mar 2020	PFL.TO vs ESG.TO
TLV.TO	Invesco S&P/TSX Composite Low Volatility Index ETF	Canada Equities, Low Volatility	97	18.60%	103.58M	Apr 2012	PFL.TO vs TLV.TO
ESGC.TO	Invesco S&P/TSX Composite ESG Index ETF	Canada Equities, ESG	90	14.37%	—	Oct 2020	PFL.TO vs ESGC.TO

Often Compared With PFL.TO

Investors most often compare PFL.TO with ZSB.TO, XLB.TO, ZDB.TO. These 20 comparison targets span 8 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
ZSB.TO	BMO Short-Term Bond Index ETF	Canadian Government Bonds	68	1.06%	182.49M	Mar 2018	PFL.TO vs ZSB.TO
XLB.TO	iShares Core Canadian Long Term Bond Index ETF	Canadian Government Bonds	22	0.15%	706.60M	Nov 2006	PFL.TO vs XLB.TO
ZDB.TO	BMO Discount Bond	Canadian Government Bonds	31	0.74%	1.33B	Feb 2014	PFL.TO vs ZDB.TO
ZFL.TO	BMO Long Federal Bond	Canadian Government Bonds	15	-0.16%	1.29B	May 2010	PFL.TO vs ZFL.TO
TCSH.TO	TD Cash Management ETF	Ultrashort Bond	99	1.18%	—	Feb 2024	PFL.TO vs TCSH.TO
ZCS.TO	BMO Short Corporate Bond Index ETF	Corporate Bonds	73	1.31%	4.84B	Oct 2009	PFL.TO vs ZCS.TO
XGB.TO	iShares Core Canadian Government Bond Index ETF	Canadian Government Bonds	31	0.83%	1.67B	Nov 2006	PFL.TO vs XGB.TO
CBO.TO	iShares 1-5 Year Laddered Corporate Bond Index ETF	Canadian Government Bonds	64	1.03%	930.07M	Feb 2009	PFL.TO vs CBO.TO
TCLB.TO	TD Canadian Long Term Federal Bond ETF	Canadian Government Bonds	17	0.26%	419.95M	Nov 2019	PFL.TO vs TCLB.TO
XSB.TO	iShares Core Canadian Short Term Bond Index ETF	Short-Term Bond, Canadian Government Bonds	64	1.06%	4.32B	Nov 2000	PFL.TO vs XSB.TO
VGV.TO	Vanguard Canadian Government Bond Index ETF	Canadian Government Bonds	29	0.71%	148.39M	Jan 2017	PFL.TO vs VGV.TO
DCG.TO	Desjardins 1-5 Year Laddered Canadian Government B...	Canadian Government Bonds	54	1.10%	136.54M	Apr 2017	PFL.TO vs DCG.TO
XFLB.TO	iShares Core Canadian 15+ Year Federal Bond Index ...	Canadian Government Bonds	14	-0.20%	—	Feb 2023	PFL.TO vs XFLB.TO
ZGB.TO	BMO Government Bond Index ETF	Canadian Government Bonds	32	0.85%	1.26B	Mar 2018	PFL.TO vs ZGB.TO
QQCI.TO	Invesco NASDAQ 100 Income Advantage ETF	Nasdaq-100, Derivative Income, Options Trading, Actively Managed	73	12.05%	63.79M	Aug 2024	PFL.TO vs QQCI.TO
CLG.TO	iShares 1-10 Year Laddered Government Bond Index E...	Canadian Government Bonds	44	0.87%	985.01M	Oct 2011	PFL.TO vs CLG.TO
CLF.TO	iShares 1-5 Year Laddered Government Bond Index ET...	Canadian Government Bonds	59	0.84%	753.86M	Jan 2008	PFL.TO vs CLF.TO
XSAB.TO	iShares ESG Aware Canadian Aggregate Bond Index ET...	Canadian Government Bonds	33	0.76%	240.18M	Mar 2019	PFL.TO vs XSAB.TO
VSB.TO	Vanguard Canadian Short Term Bond	Canadian Government Bonds	63	0.98%	1.65B	Nov 2011	PFL.TO vs VSB.TO
XQB.TO	iShares High Quality Canadian Bond Index ETF	Canadian Government Bonds	34	0.76%	536.00M	Nov 2009	PFL.TO vs XQB.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