BITI.TO vs. CBIL.TO
BITI.TO (BetaPro Inverse Bitcoin ETF) and CBIL.TO (Global X 0-3 Month T-Bill ETF) are both exchange-traded funds - BITI.TO is a Leveraged Cryptocurrency fund actively managed by Global X, while CBIL.TO is a Canadian Government Bonds fund actively managed by Global X. Both are actively managed. Over the past 3 years, BITI.TO returned 35.56%/yr vs 3.57%/yr for CBIL.TO. At a correlation of -0.01, they often move in opposite directions.
Performance
BITI.TO vs. CBIL.TO - Performance Comparison
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Returns By Period
In the year-to-date period, BITI.TO achieves a 38.73% return, which is significantly higher than CBIL.TO's 1.03% return.
BITI.TO
- 1D
- 2.65%
- 1M
- 26.68%
- YTD
- 38.73%
- 6M
- 40.03%
- 1Y
- 64.25%
- 3Y*
- 35.56%
- 5Y*
- 4.53%
- 10Y*
- —
CBIL.TO
- 1D
- 0.04%
- 1M
- 0.20%
- YTD
- 1.03%
- 6M
- 1.10%
- 1Y
- 2.33%
- 3Y*
- 3.57%
- 5Y*
- —
- 10Y*
- —
BITI.TO vs. CBIL.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
BITI.TO BetaPro Inverse Bitcoin ETF | 38.73% | -8.52% | 178.75% | -32.72% |
CBIL.TO Global X 0-3 Month T-Bill ETF | 1.03% | 2.68% | 4.47% | 3.36% |
Correlation
The correlation between BITI.TO and CBIL.TO is -0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.04 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.02 |
Correlation (All Time) Calculated using the full available price history since Apr 14, 2023 | -0.01 |
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Return for Risk
BITI.TO vs. CBIL.TO — Risk / Return Rank
BITI.TO
CBIL.TO
BITI.TO vs. CBIL.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BetaPro Inverse Bitcoin ETF (BITI.TO) and Global X 0-3 Month T-Bill ETF (CBIL.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BITI.TO | CBIL.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -7.78 | ||
| Sortino ratioReturn per unit of downside risk | -19.84 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 5.73 | -4.49 |
| Calmar ratioReturn relative to maximum drawdown | 2.48 | 58.57 | -56.09 |
| Martin ratioReturn relative to average drawdown | 5.94 | 327.93 | -322.00 |
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Drawdowns
BITI.TO vs. CBIL.TO - Drawdown Comparison
The maximum BITI.TO drawdown since its inception was -84.75%, which is greater than CBIL.TO's maximum drawdown of -0.06%. Use the drawdown chart below to compare losses from any high point for BITI.TO and CBIL.TO.
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Drawdown Indicators
| BITI.TO | CBIL.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -84.75% | -0.06% | -84.69% |
Max Drawdown (1Y)Largest decline over 1 year | -26.02% | -0.04% | -25.98% |
Max Drawdown (3Y)Largest decline over 3 years | -69.26% | -0.06% | -69.20% |
Max Drawdown (5Y)Largest decline over 5 years | -84.75% | — | — |
Current DrawdownCurrent decline from peak | -9.87% | 0.00% | -9.87% |
Average DrawdownAverage peak-to-trough decline | -43.81% | -0.00% | -43.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.86% | 0.01% | +10.85% |
Volatility
BITI.TO vs. CBIL.TO - Volatility Comparison
BetaPro Inverse Bitcoin ETF (BITI.TO) has a higher volatility of 13.87% compared to Global X 0-3 Month T-Bill ETF (CBIL.TO) at 0.06%. This indicates that BITI.TO's price experiences larger fluctuations and is considered to be riskier than CBIL.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BITI.TO | CBIL.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.87% | 0.06% | +13.81% |
Volatility (6M)Calculated over the trailing 6-month period | 35.05% | 0.19% | +34.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 45.26% | 0.25% | +45.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 262.41% | 0.32% | +262.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 257.52% | 0.32% | +257.20% |
Dividends
BITI.TO vs. CBIL.TO - Dividend Comparison
BITI.TO has not paid dividends to shareholders, while CBIL.TO's dividend yield for the trailing twelve months is around 2.25%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
BITI.TO BetaPro Inverse Bitcoin ETF | 0.00% | 0.00% | 0.00% | 0.00% |
CBIL.TO Global X 0-3 Month T-Bill ETF | 2.25% | 2.58% | 4.38% | 3.39% |
Frequently Asked Questions
BITI.TO and CBIL.TO have a correlation of -0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BITI.TO is categorized as Leveraged Cryptocurrency, while CBIL.TO is Canadian Government Bonds.
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