Correlation
The correlation between CBIL.TO and CMR.TO is 0.33, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
CBIL.TO vs. CMR.TO
Compare and contrast key facts about Global X 0-3 Month T-Bill ETF (CBIL.TO) and iShares Premium Money Market ETF (CMR.TO).
CBIL.TO and CMR.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CBIL.TO is an actively managed fund by Global X. It was launched on Apr 12, 2023. CMR.TO is an actively managed fund by iShares. It was launched on Feb 19, 2008.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CBIL.TO or CMR.TO.
Performance
CBIL.TO vs. CMR.TO - Performance Comparison
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Key characteristics
CBIL.TO:
13.59
CMR.TO:
15.39
CBIL.TO:
50.56
CMR.TO:
71.12
CBIL.TO:
14.01
CMR.TO:
27.20
CBIL.TO:
92.75
CMR.TO:
191.41
CBIL.TO:
780.96
CMR.TO:
1,016.52
CBIL.TO:
0.00%
CMR.TO:
0.00%
CBIL.TO:
0.27%
CMR.TO:
0.25%
CBIL.TO:
-0.06%
CMR.TO:
-0.52%
CBIL.TO:
0.00%
CMR.TO:
0.00%
Returns By Period
The year-to-date returns for both investments are quite close, with CBIL.TO having a 1.19% return and CMR.TO slightly higher at 1.23%.
CBIL.TO
1.19%
0.23%
1.49%
3.62%
N/A
N/A
N/A
CMR.TO
1.23%
0.22%
1.61%
3.83%
4.08%
2.46%
1.69%
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CBIL.TO vs. CMR.TO - Expense Ratio Comparison
CBIL.TO has a 0.10% expense ratio, which is lower than CMR.TO's 0.14% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
CBIL.TO vs. CMR.TO — Risk-Adjusted Performance Rank
CBIL.TO
CMR.TO
CBIL.TO vs. CMR.TO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X 0-3 Month T-Bill ETF (CBIL.TO) and iShares Premium Money Market ETF (CMR.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.
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Dividends
CBIL.TO vs. CMR.TO - Dividend Comparison
CBIL.TO's dividend yield for the trailing twelve months is around 3.49%, less than CMR.TO's 3.80% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CBIL.TO Global X 0-3 Month T-Bill ETF | 3.49% | 4.38% | 3.39% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
CMR.TO iShares Premium Money Market ETF | 3.80% | 4.56% | 4.64% | 1.62% | 0.00% | 0.47% | 1.60% | 1.33% | 0.61% | 0.43% | 0.48% | 0.77% |
Drawdowns
CBIL.TO vs. CMR.TO - Drawdown Comparison
The maximum CBIL.TO drawdown since its inception was -0.06%, smaller than the maximum CMR.TO drawdown of -0.52%. Use the drawdown chart below to compare losses from any high point for CBIL.TO and CMR.TO.
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Volatility
CBIL.TO vs. CMR.TO - Volatility Comparison
Global X 0-3 Month T-Bill ETF (CBIL.TO) and iShares Premium Money Market ETF (CMR.TO) have volatilities of 0.06% and 0.06%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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