CBIL.TO vs. PHYS
CBIL.TO (Global X 0-3 Month T-Bill ETF) is Canadian Government Bonds fund actively managed by Global X, while PHYS (Sprott Physical Gold Trust) is a stock. Over the past 3 years, CBIL.TO returned 3.62%/yr vs 29.96%/yr for PHYS. At a 0.04 correlation, their price movements are largely independent.
Performance
CBIL.TO vs. PHYS - Performance Comparison
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Different Trading Currencies
CBIL.TO is traded in CAD, while PHYS is traded in USD. To make them comparable, the PHYS 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 0.93% return, which is significantly higher than PHYS's -1.79% return.
CBIL.TO
- 1D
- 0.02%
- 1M
- 0.20%
- YTD
- 0.93%
- 6M
- 1.08%
- 1Y
- 2.34%
- 3Y*
- 3.62%
- 5Y*
- —
- 10Y*
- —
PHYS
- 1D
- 0.48%
- 1M
- -8.72%
- YTD
- -1.79%
- 6M
- -1.99%
- 1Y
- 25.52%
- 3Y*
- 29.96%
- 5Y*
- 19.69%
- 10Y*
- 12.39%
CBIL.TO vs. PHYS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
CBIL.TO Global X 0-3 Month T-Bill ETF | 0.93% | 2.68% | 4.47% | 3.36% |
PHYS Sprott Physical Gold Trust | -1.90% | 56.47% | 37.13% | -1.75% |
Correlation
The correlation between CBIL.TO and PHYS is 0.05, 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 | 0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Apr 14, 2023 | 0.04 |
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Return for Risk
CBIL.TO vs. PHYS — Risk / Return Rank
CBIL.TO
PHYS
CBIL.TO vs. PHYS - 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 Sprott Physical Gold Trust (PHYS). 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 | PHYS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +8.37 | ||
| Sortino ratioReturn per unit of downside risk | +20.41 | ||
| Omega ratioGain probability vs. loss probability | 5.59 | 1.19 | +4.40 |
| Calmar ratioReturn relative to maximum drawdown | 59.18 | 1.12 | +58.06 |
| Martin ratioReturn relative to average drawdown | 326.28 | 3.18 | +323.10 |
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Drawdowns
CBIL.TO vs. PHYS - Drawdown Comparison
The maximum CBIL.TO drawdown since its inception was -0.06%, smaller than the maximum PHYS drawdown of -36.85%. Use the drawdown chart below to compare losses from any high point for CBIL.TO and PHYS.
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Drawdown Indicators
| CBIL.TO | PHYS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.06% | -36.85% | +36.79% |
Max Drawdown (1Y)Largest decline over 1 year | -0.04% | -22.79% | +22.75% |
Max Drawdown (3Y)Largest decline over 3 years | -0.06% | -22.79% | +22.73% |
Max Drawdown (5Y)Largest decline over 5 years | — | -22.79% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -23.35% | — |
Current DrawdownCurrent decline from peak | 0.00% | -20.17% | +20.17% |
Average DrawdownAverage peak-to-trough decline | -0.00% | -13.91% | +13.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.01% | 8.04% | -8.03% |
Volatility
CBIL.TO vs. PHYS - Volatility Comparison
The current volatility for Global X 0-3 Month T-Bill ETF (CBIL.TO) is 0.06%, while Sprott Physical Gold Trust (PHYS) has a volatility of 7.90%. This indicates that CBIL.TO experiences smaller price fluctuations and is considered to be less risky than PHYS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CBIL.TO | PHYS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.06% | 7.90% | -7.84% |
Volatility (6M)Calculated over the trailing 6-month period | 0.19% | 24.67% | -24.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.25% | 28.11% | -27.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.32% | 19.38% | -19.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.32% | 17.61% | -17.29% |
Dividends
CBIL.TO vs. PHYS - Dividend Comparison
CBIL.TO's dividend yield for the trailing twelve months is around 2.29%, while PHYS has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
CBIL.TO Global X 0-3 Month T-Bill ETF | 2.29% | 2.58% | 4.38% | 3.39% |
PHYS Sprott Physical Gold Trust | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
CBIL.TO and PHYS have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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