Correlation
The correlation between CBIL.TO and SGOV is 0.05, 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. SGOV
Compare and contrast key facts about Global X 0-3 Month T-Bill ETF (CBIL.TO) and iShares 0-3 Month Treasury Bond ETF (SGOV).
CBIL.TO and SGOV 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. SGOV is a passively managed fund by iShares that tracks the performance of the ICE 0-3 Month US Treasury Bill Index. It was launched on May 26, 2020.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CBIL.TO or SGOV.
Performance
CBIL.TO vs. SGOV - Performance Comparison
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Key characteristics
CBIL.TO:
13.47
SGOV:
21.61
CBIL.TO:
50.28
SGOV:
472.39
CBIL.TO:
13.96
SGOV:
473.39
CBIL.TO:
92.05
SGOV:
483.61
CBIL.TO:
776.36
SGOV:
7,677.11
CBIL.TO:
0.00%
SGOV:
0.00%
CBIL.TO:
0.27%
SGOV:
0.22%
CBIL.TO:
-0.06%
SGOV:
-0.03%
CBIL.TO:
0.00%
SGOV:
0.00%
Returns By Period
In the year-to-date period, CBIL.TO achieves a 1.15% return, which is significantly lower than SGOV's 1.72% return.
CBIL.TO
1.15%
0.21%
1.47%
3.67%
N/A
N/A
N/A
SGOV
1.72%
0.35%
2.16%
4.81%
4.54%
2.74%
N/A
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CBIL.TO vs. SGOV - Expense Ratio Comparison
CBIL.TO has a 0.10% expense ratio, which is higher than SGOV's 0.03% expense ratio. However, 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. SGOV — Risk-Adjusted Performance Rank
CBIL.TO
SGOV
CBIL.TO vs. SGOV - 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 0-3 Month Treasury Bond ETF (SGOV). 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. SGOV - Dividend Comparison
CBIL.TO's dividend yield for the trailing twelve months is around 3.68%, less than SGOV's 4.70% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
CBIL.TO Global X 0-3 Month T-Bill ETF | 3.68% | 4.38% | 3.39% | 0.00% | 0.00% | 0.00% |
SGOV iShares 0-3 Month Treasury Bond ETF | 4.70% | 5.10% | 4.87% | 1.45% | 0.03% | 0.05% |
Drawdowns
CBIL.TO vs. SGOV - Drawdown Comparison
The maximum CBIL.TO drawdown since its inception was -0.06%, which is greater than SGOV's maximum drawdown of -0.03%. Use the drawdown chart below to compare losses from any high point for CBIL.TO and SGOV.
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Volatility
CBIL.TO vs. SGOV - Volatility Comparison
The current volatility for Global X 0-3 Month T-Bill ETF (CBIL.TO) is 0.05%, while iShares 0-3 Month Treasury Bond ETF (SGOV) has a volatility of 0.06%. This indicates that CBIL.TO experiences smaller price fluctuations and is considered to be less risky than SGOV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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