Global X 0-3 Month U.S. T-Bill ETF USD (UBIL-U.TO)

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The chart shows the growth of an initial investment of $10,000 in Global X 0-3 Month U.S. T-Bill ETF USD, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.

Global X 0-3 Month U.S. T-Bill ETF USD (UBIL-U.TO) has returned 0.43% so far this year and 2.73% over the past 12 months.

Based on dividend-adjusted daily data since Apr 14, 2023, UBIL-U.TO's average daily return is +0.01%, while the average monthly return is +0.27%. At this rate, your investment would double in approximately 21.4 years.

Historically, 100% of months were positive and 0% were negative. The best month was Mar 2024 with a return of +0.4%, while the worst month was Mar 2026 at 0.1%. The longest winning streak lasted 36 consecutive months, and the longest losing streak was 0 months.

On a daily basis, UBIL-U.TO closed higher 66% of trading days. The best single day was May 1, 2023 with a return of +0.1%, while the worst single day was Mar 31, 2026 at -0.2%.

Global X 0-3 Month U.S. T-Bill ETF USD has an annualized alpha of 3.32%, beta of -0.00, and R² of 0.00 versus S&P 500 Index. Calculated based on daily prices since April 17, 2023.

• This ETF captured 6.97% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -10.97%) — a profile typical of hedging or uncorrelated assets.
• Beta of -0.00 may look defensive, but with R² of 0.00 this ETF is largely uncorrelated with S&P 500 Index — low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
• R² of 0.00 means this ETF moves largely independently of S&P 500 Index — capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

UBIL-U.TO has an expense ratio of 0.12%, which is considered low.

UBIL-U.TO ranks 99 for risk / return — in the top 99% of ETFs on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.

The table below present risk-adjusted performance metrics for Global X 0-3 Month U.S. T-Bill ETF USD (UBIL-U.TO) and compare them to a chosen benchmark (S&P 500 Index).

Global X 0-3 Month U.S. T-Bill ETF USD provided a 2.68% dividend yield over the last twelve months, with an annual payout of $1.34 per share.

The table displays the monthly dividend distributions for Global X 0-3 Month U.S. T-Bill ETF USD. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the Global X 0-3 Month U.S. T-Bill ETF USD. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Global X 0-3 Month U.S. T-Bill ETF USD was 0.21%, occurring on Mar 31, 2026. The portfolio has not yet recovered.

The current Global X 0-3 Month U.S. T-Bill ETF USD drawdown is 0.21%.

The chart below shows the rolling one-month volatility.