CBIL.TO vs. CHPS-U.TO

Last updated Jun 25, 2026

CBIL.TO (Global X 0-3 Month T-Bill ETF) and CHPS-U.TO (Global X Artificial Intelligence Semiconductor Index ETF) are both exchange-traded funds - CBIL.TO is a Canadian Government Bonds fund actively managed by Global X, while CHPS-U.TO is a Semiconductors fund tracking the PHLX US AI Semiconductor Index. CBIL.TO is actively managed, while CHPS-U.TO is passively managed. Over the past 3 years, CBIL.TO returned 3.59%/yr vs 48.81%/yr for CHPS-U.TO. At a 0.00 correlation, their price movements are largely independent. CBIL.TO charges 0.10%/yr vs 0.63%/yr for CHPS-U.TO.

Performance

CBIL.TO vs. CHPS-U.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Global X 0-3 Month T-Bill ETF (CBIL.TO) and Global X Artificial Intelligence Semiconductor Index ETF (CHPS-U.TO). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

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

Returns By Period

In the year-to-date period, CBIL.TO achieves a 0.99% return, which is significantly lower than CHPS-U.TO's 60.15% return.

CBIL.TO

• 1D: 0.02%
• 1M: 0.20%
• YTD: 0.99%
• 6M: 1.06%
• 1Y: 2.34%
• 3Y*: 3.59%
• 5Y*: —
• 10Y*: —

CHPS-U.TO

• 1D: -6.86%
• 1M: 6.44%
• YTD: 60.15%
• 6M: 60.19%
• 1Y: 112.26%
• 3Y*: 48.81%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

CBIL.TO vs. CHPS-U.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
CBIL.TO Global X 0-3 Month T-Bill ETF	0.99%	2.68%	4.47%	3.36%
CHPS-U.TO Global X Artificial Intelligence Semiconductor Index ETF	60.15%	44.91%	21.10%	38.01%

Correlation

The correlation between CBIL.TO and CHPS-U.TO is -0.07, 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	-0.07
Correlation (3Y) Calculated over the trailing 3-year period	-0.01
Correlation (All Time) Calculated using the full available price history since Apr 14, 2023	0.00

Return for Risk

CBIL.TO vs. CHPS-U.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CBIL.TO

CBIL.TO Risk / Return Rank: 99
CBIL.TO Sharpe Ratio Rank: 99
CBIL.TO Sortino Ratio Rank: 99
CBIL.TO Omega Ratio Rank: 99
CBIL.TO Calmar Ratio Rank: 99
CBIL.TO Martin Ratio Rank: 99

CHPS-U.TO

CHPS-U.TO Risk / Return Rank: 90
CHPS-U.TO Sharpe Ratio Rank: 92
CHPS-U.TO Sortino Ratio Rank: 82
CHPS-U.TO Omega Ratio Rank: 86
CHPS-U.TO Calmar Ratio Rank: 96
CHPS-U.TO Martin Ratio Rank: 94

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.

CBIL.TO vs. CHPS-U.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X 0-3 Month T-Bill ETF (CBIL.TO) and Global X Artificial Intelligence Semiconductor Index ETF (CHPS-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.

	CBIL.TO	CHPS-U.TO	Difference
Sharpe ratio: Return per unit of total volatility	9.27	3.06	+6.21
Sortino ratio: Return per unit of downside risk	21.86	3.48	+18.39
Omega ratio: Gain probability vs. loss probability	5.74	1.49	+4.25
Calmar ratio: Return relative to maximum drawdown	58.67	8.56	+50.10
Martin ratio: Return relative to average drawdown	328.45	26.24	+302.21

CBIL.TO vs. CHPS-U.TO - Sharpe Ratio Comparison

The current CBIL.TO Sharpe Ratio is 9.27, which is higher than the CHPS-U.TO Sharpe Ratio of 3.06. The chart below compares the historical Sharpe Ratios of CBIL.TO and CHPS-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.

Drawdowns

CBIL.TO vs. CHPS-U.TO - Drawdown Comparison

The maximum CBIL.TO drawdown since its inception was -0.06%, smaller than the maximum CHPS-U.TO drawdown of -48.62%. Use the drawdown chart below to compare losses from any high point for CBIL.TO and CHPS-U.TO.

Drawdown Indicators

	CBIL.TO	CHPS-U.TO	Difference
Max Drawdown Largest peak-to-trough decline	-0.06%	-48.62%	+48.56%
Max Drawdown (1Y) Largest decline over 1 year	-0.04%	-13.34%	+13.30%
Max Drawdown (3Y) Largest decline over 3 years	-0.06%	-36.39%	+36.33%
Current Drawdown Current decline from peak	0.00%	-6.86%	+6.86%
Average Drawdown Average peak-to-trough decline	-0.00%	-13.99%	+13.99%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.01%	4.33%	-4.32%

Volatility

CBIL.TO vs. CHPS-U.TO - Volatility Comparison

The current volatility for Global X 0-3 Month T-Bill ETF (CBIL.TO) is 0.06%, while Global X Artificial Intelligence Semiconductor Index ETF (CHPS-U.TO) has a volatility of 16.67%. This indicates that CBIL.TO experiences smaller price fluctuations and is considered to be less risky than CHPS-U.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CBIL.TO	CHPS-U.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.06%	16.67%	-16.61%
Volatility (6M) Calculated over the trailing 6-month period	0.19%	30.16%	-29.97%
Volatility (1Y) Calculated over the trailing 1-year period	0.25%	37.42%	-37.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.32%	37.95%	-37.63%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.32%	37.95%	-37.63%

CBIL.TO vs. CHPS-U.TO - Expense Ratio Comparison

CBIL.TO has a 0.10% expense ratio, which is lower than CHPS-U.TO's 0.63% expense ratio.

Dividends

CBIL.TO vs. CHPS-U.TO - Dividend Comparison

CBIL.TO's dividend yield for the trailing twelve months is around 2.29%, more than CHPS-U.TO's 0.01% yield.

Position	TTM	2025	2024	2023	2022	2021
CBIL.TO Global X 0-3 Month T-Bill ETF	2.29%	2.58%	4.38%	3.39%	0.00%	0.00%
CHPS-U.TO Global X Artificial Intelligence Semiconductor Index ETF	0.01%	0.01%	0.20%	0.53%	0.98%	0.01%

Frequently Asked Questions

Can I hold both CBIL.TO and CHPS-U.TO in my portfolio?

CBIL.TO and CHPS-U.TO have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CBIL.TO or CHPS-U.TO?

On fees, CBIL.TO is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CBIL.TO or CHPS-U.TO?

CBIL.TO is cheaper with a 0.10% expense ratio, compared with 0.63% for CHPS-U.TO.

What is the main difference between CBIL.TO and CHPS-U.TO?

CBIL.TO is categorized as Canadian Government Bonds, while CHPS-U.TO is Semiconductors. Their fees differ too: 0.10% for CBIL.TO and 0.63% for CHPS-U.TO.