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BXF.TO vs. HBIL-U.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

BXF.TO vs. HBIL-U.TO

Last updated Jul 18, 2026
Documentation

BXF.TO (CI 1-5 Year Laddered Government Strip Bond Index ETF) and HBIL-U.TO (Hamilton U.S. T-Bill YIELD MAXIMIZER ETF USD Unhedged Units) are both Government Bonds funds. Over the past year, BXF.TO returned 3.41% vs 6.60% for HBIL-U.TO. At a 0.11 correlation, their price movements are largely independent.

Performance

BXF.TO vs. HBIL-U.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in CI 1-5 Year Laddered Government Strip Bond Index ETF (BXF.TO) and Hamilton U.S. T-Bill YIELD MAXIMIZER ETF USD Unhedged Units (HBIL-U.TO). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

BXF.TO is traded in CAD, while HBIL-U.TO is traded in USD. To make them comparable, the HBIL-U.TO values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, BXF.TO achieves a 1.25% return, which is significantly lower than HBIL-U.TO's 3.86% return.

BXF.TO

1D
0.20%
1M
0.28%
6M
0.95%
YTD
1.25%
1Y
3.41%
3Y*
4.42%
5Y*
1.88%
10Y*
1.85%

HBIL-U.TO

1D
-0.00%
1M
0.12%
6M
2.21%
YTD
3.86%
1Y
6.60%
3Y*
—
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

BXF.TO vs. HBIL-U.TO - Yearly Performance Comparison

2026 (YTD)20252024
BXF.TO
CI 1-5 Year Laddered Government Strip Bond Index ETF		1.25%3.86%0.12%
HBIL-U.TO
Hamilton U.S. T-Bill YIELD MAXIMIZER ETF USD Unhedged Units		3.86%0.03%4.69%

Correlation

The correlation between BXF.TO and HBIL-U.TO is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.15

Correlation (All Time)
Calculated using the full available price history since Sep 16, 2024

0.11

Compare stocks, funds, or ETFs

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

CI 1-5 Year Laddered Government Strip Bond Index ETF

Hamilton U.S. T-Bill YIELD MAXIMIZER ETF USD Unhedged Units

Often compared with BXF.TO:
BXF.TO vs. XTLH.TOBXF.TO vs. CBCX.TOBXF.TO vs. ZMP.TOBXF.TO vs. ZPL.TOBXF.TO vs. FGO.TOBXF.TO vs. XTLT.TOBXF.TO vs. ZFM.TO
Often compared with HBIL-U.TO:
HBIL-U.TO vs. HYLD-U.TOHBIL-U.TO vs. HTB.TOHBIL-U.TO vs. TULB.TOHBIL-U.TO vs. ZPL.TOHBIL-U.TO vs. BANK.TOHBIL-U.TO vs. HBND.TOHBIL-U.TO vs. MIX.TO

Return for Risk

BXF.TO vs. HBIL-U.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
BXF.TO
BXF.TO Risk / Return Rank: 4747
Overall Rank
BXF.TO Sharpe Ratio Rank: 4141
Sharpe Ratio Rank
BXF.TO Sortino Ratio Rank: 3939
Sortino Ratio Rank
BXF.TO Omega Ratio Rank: 4444
Omega Ratio Rank
BXF.TO Calmar Ratio Rank: 5858
Calmar Ratio Rank
BXF.TO Martin Ratio Rank: 5454
Martin Ratio Rank
HBIL-U.TO
HBIL-U.TO Risk / Return Rank: 8989
Overall Rank
HBIL-U.TO Sharpe Ratio Rank: 8787
Sharpe Ratio Rank
HBIL-U.TO Sortino Ratio Rank: 8686
Sortino Ratio Rank
HBIL-U.TO Omega Ratio Rank: 9393
Omega Ratio Rank
HBIL-U.TO Calmar Ratio Rank: 8888
Calmar Ratio Rank
HBIL-U.TO Martin Ratio Rank: 8989
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.

BXF.TO vs. HBIL-U.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for CI 1-5 Year Laddered Government Strip Bond Index ETF (BXF.TO) and Hamilton U.S. T-Bill YIELD MAXIMIZER ETF USD Unhedged Units (HBIL-U.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.

BXF.TOHBIL-U.TODifference
Sharpe ratioReturn per unit of total volatility
1.12
1.42

-0.30

Sortino ratioReturn per unit of downside risk
1.60
2.03

-0.43

Omega ratioGain probability vs. loss probability

1.22

1.25

-0.03

Calmar ratioReturn relative to maximum drawdown

2.20

1.65

+0.55

Martin ratioReturn relative to average drawdown

6.95

4.19

+2.76

BXF.TO vs. HBIL-U.TO - Sharpe Ratio Comparison

The current BXF.TO Sharpe Ratio is 1.12, which is comparable to the HBIL-U.TO Sharpe Ratio of 1.42. The chart below compares the historical Sharpe Ratios of BXF.TO and HBIL-U.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

BXF.TO vs. HBIL-U.TO - Drawdown Comparison

The maximum BXF.TO drawdown since its inception was -6.99%, roughly equal to the maximum HBIL-U.TO drawdown of -6.68%. Use the drawdown chart below to compare losses from any high point for BXF.TO and HBIL-U.TO.

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Drawdown Indicators

BXF.TOHBIL-U.TODifference

Max Drawdown

Largest peak-to-trough decline

-6.99%

-6.68%

-0.31%

Max Drawdown (1Y)

Largest decline over 1 year

-1.55%

-4.01%

+2.46%

Max Drawdown (3Y)

Largest decline over 3 years

-1.60%

—

—

Max Drawdown (5Y)

Largest decline over 5 years

-6.92%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-6.99%

—

—

Current Drawdown

Current decline from peak

-0.29%

-2.20%

+1.91%

Average Drawdown

Average peak-to-trough decline

-1.16%

-2.26%

+1.10%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.49%

1.58%

-1.09%

Volatility

BXF.TO vs. HBIL-U.TO - Volatility Comparison

The current volatility for CI 1-5 Year Laddered Government Strip Bond Index ETF (BXF.TO) is 0.99%, while Hamilton U.S. T-Bill YIELD MAXIMIZER ETF USD Unhedged Units (HBIL-U.TO) has a volatility of 1.82%. This indicates that BXF.TO experiences smaller price fluctuations and is considered to be less risky than HBIL-U.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

BXF.TOHBIL-U.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

0.99%

1.82%

-0.83%

Volatility (6M)

Calculated over the trailing 6-month period

2.39%

3.60%

-1.21%

Volatility (1Y)

Calculated over the trailing 1-year period

3.06%

4.68%

-1.62%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

3.57%

5.85%

-2.28%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

3.62%

5.85%

-2.23%

Dividends

BXF.TO vs. HBIL-U.TO - Dividend Comparison

BXF.TO's dividend yield for the trailing twelve months is around 2.97%, less than HBIL-U.TO's 6.74% yield.

PositionTTM20252024202320222021202020192018201720162015
BXF.TO
CI 1-5 Year Laddered Government Strip Bond Index ETF		2.97%2.91%3.29%2.58%1.58%1.38%1.67%1.75%1.55%1.17%1.19%1.24%
HBIL-U.TO
Hamilton U.S. T-Bill YIELD MAXIMIZER ETF USD Unhedged Units		6.74%7.37%2.40%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

BXF.TO and HBIL-U.TO have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

They also come from different issuers: CI and Hamilton.

Portfolio Optimizer

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