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TCLB.TO vs. XFR.TO
Performance
Return for Risk
Dividends
Drawdowns
Volatility

TCLB.TO vs. XFR.TO

Last updated Apr 2, 2026

Compare and contrast key facts about TD Canadian Long Term Federal Bond ETF (TCLB.TO) and iShares Floating Rate Index ETF (XFR.TO).

TCLB.TO and XFR.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TCLB.TO is a passively managed fund by TD that tracks the performance of the FTSE Canada Long Term Federal Bond Index. It was launched on Nov 19, 2019. XFR.TO is a passively managed fund by iShares that tracks the performance of the Morningstar Can 1-5Y Core Bd GR CAD. It was launched on Dec 6, 2011. Both TCLB.TO and XFR.TO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

TCLB.TO vs. XFR.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in TD Canadian Long Term Federal Bond ETF (TCLB.TO) and iShares Floating Rate Index ETF (XFR.TO). The values are adjusted to include any dividend payments, if applicable.

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TCLB.TO vs. XFR.TO - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
TCLB.TO
TD Canadian Long Term Federal Bond ETF		-0.43%-3.46%-1.09%6.70%-18.75%-7.23%10.77%-1.73%
XFR.TO
iShares Floating Rate Index ETF		0.56%3.33%4.57%5.29%1.82%0.15%0.98%0.22%

Returns By Period

In the year-to-date period, TCLB.TO achieves a -0.43% return, which is significantly lower than XFR.TO's 0.56% return.

TCLB.TO

1D
-1.07%
1M
-3.31%
YTD
-0.43%
6M
-2.67%
1Y
-7.08%
3Y*
-0.78%
5Y*
-3.13%
10Y*
—

XFR.TO

1D
0.00%
1M
0.25%
YTD
0.56%
6M
1.40%
1Y
2.94%
3Y*
4.12%
5Y*
3.11%
10Y*
2.23%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

TD Canadian Long Term Federal Bond ETF

iShares Floating Rate Index ETF

Often compared with TCLB.TO:
TCLB.TO vs. XSTB.TOTCLB.TO vs. VSB.TOTCLB.TO vs. CLG.TOTCLB.TO vs. CORE.TOTCLB.TO vs. TCSH.TOTCLB.TO vs. ZCS.TOTCLB.TO vs. ZSB.TO
Often compared with XFR.TO:
XFR.TO vs. CASH.TOXFR.TO vs. ZMMK.TOXFR.TO vs. CMR.TOXFR.TO vs. XSH.TOXFR.TO vs. XBB.TOXFR.TO vs. XHY.TOXFR.TO vs. VUSB

TCLB.TO vs. XFR.TO - Expense Ratio Comparison

TCLB.TO has a 0.23% expense ratio, which is higher than XFR.TO's 0.14% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

TCLB.TO
TD Canadian Long Term Federal Bond ETF
XFR.TO
iShares Floating Rate Index ETF

Return for Risk

TCLB.TO vs. XFR.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
TCLB.TO
TCLB.TO Risk / Return Rank: 22
Overall Rank
TCLB.TO Sharpe Ratio Rank: 22
Sharpe Ratio Rank
TCLB.TO Sortino Ratio Rank: 22
Sortino Ratio Rank
TCLB.TO Omega Ratio Rank: 22
Omega Ratio Rank
TCLB.TO Calmar Ratio Rank: 22
Calmar Ratio Rank
TCLB.TO Martin Ratio Rank: 33
Martin Ratio Rank
XFR.TO
XFR.TO Risk / Return Rank: 9999
Overall Rank
XFR.TO Sharpe Ratio Rank: 9898
Sharpe Ratio Rank
XFR.TO Sortino Ratio Rank: 9999
Sortino Ratio Rank
XFR.TO Omega Ratio Rank: 9898
Omega Ratio Rank
XFR.TO Calmar Ratio Rank: 9999
Calmar Ratio Rank
XFR.TO Martin Ratio Rank: 9999
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

TCLB.TO vs. XFR.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TD Canadian Long Term Federal Bond ETF (TCLB.TO) and iShares Floating Rate Index ETF (XFR.TO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

TCLB.TOXFR.TODifference

Sharpe ratio

Return per unit of total volatility

-0.72

3.79

-4.52

Sortino ratio

Return per unit of downside risk

-0.90

6.07

-6.98

Omega ratio

Gain probability vs. loss probability

0.89

1.86

-0.98

Calmar ratio

Return relative to maximum drawdown

-0.65

9.66

-10.31

Martin ratio

Return relative to average drawdown

-1.05

55.48

-56.53

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TCLB.TO vs. XFR.TO - Sharpe Ratio Comparison

The current TCLB.TO Sharpe Ratio is -0.72, which is lower than the XFR.TO Sharpe Ratio of 3.79. The chart below compares the historical Sharpe Ratios of TCLB.TO and XFR.TO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

TCLB.TOXFR.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

-0.72

3.79

-4.52

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

-0.02

3.80

-3.82

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

1.21

—

Sharpe Ratio (All Time)

Calculated using the full available price history

-0.02

1.18

-1.19

Correlation

The correlation between TCLB.TO and XFR.TO is -0.02. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

Dividends

TCLB.TO vs. XFR.TO - Dividend Comparison

TCLB.TO's dividend yield for the trailing twelve months is around 3.34%, more than XFR.TO's 2.85% yield.

TTM20252024202320222021202020192018201720162015
TCLB.TO
TD Canadian Long Term Federal Bond ETF		3.34%3.25%2.94%2.33%1.48%0.16%0.20%0.00%0.00%0.00%0.00%0.00%
XFR.TO
iShares Floating Rate Index ETF		2.85%3.23%4.93%4.91%1.85%0.30%1.07%1.96%1.60%0.95%0.77%0.94%

Drawdowns

TCLB.TO vs. XFR.TO - Drawdown Comparison

The maximum TCLB.TO drawdown since its inception was -87.04%, which is greater than XFR.TO's maximum drawdown of -4.12%. Use the drawdown chart below to compare losses from any high point for TCLB.TO and XFR.TO.

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Drawdown Indicators

TCLB.TOXFR.TODifference

Max Drawdown

Largest peak-to-trough decline

-87.04%

-4.12%

-82.92%

Max Drawdown (1Y)

Largest decline over 1 year

-9.70%

-0.30%

-9.40%

Max Drawdown (5Y)

Largest decline over 5 years

-85.33%

-0.30%

-85.03%

Max Drawdown (10Y)

Largest decline over 10 years

—

-4.12%

—

Current Drawdown

Current decline from peak

-28.61%

0.00%

-28.61%

Average Drawdown

Average peak-to-trough decline

-24.86%

-0.06%

-24.80%

Ulcer Index

Depth and duration of drawdowns from previous peaks

6.00%

0.05%

+5.95%

Volatility

TCLB.TO vs. XFR.TO - Volatility Comparison

TD Canadian Long Term Federal Bond ETF (TCLB.TO) has a higher volatility of 3.11% compared to iShares Floating Rate Index ETF (XFR.TO) at 0.18%. This indicates that TCLB.TO's price experiences larger fluctuations and is considered to be riskier than XFR.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

TCLB.TOXFR.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

3.11%

0.18%

+2.93%

Volatility (6M)

Calculated over the trailing 6-month period

6.11%

0.53%

+5.58%

Volatility (1Y)

Calculated over the trailing 1-year period

9.86%

0.78%

+9.08%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

252.27%

0.82%

+251.45%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

239.37%

1.85%

+237.52%