Correlation
The correlation between CBIL.TO and TBIL 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. TBIL
Compare and contrast key facts about Global X 0-3 Month T-Bill ETF (CBIL.TO) and US Treasury 3 Month Bill ETF (TBIL).
CBIL.TO and TBIL 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. TBIL is a passively managed fund by US Benchmark Series that tracks the performance of the ICE BofA US Treasury Bill 3 Month Index. It was launched on Aug 8, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CBIL.TO or TBIL.
Performance
CBIL.TO vs. TBIL - Performance Comparison
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Key characteristics
CBIL.TO:
10.43
TBIL:
14.58
CBIL.TO:
17.70
TBIL:
57.66
CBIL.TO:
8.46
TBIL:
15.09
CBIL.TO:
19.40
TBIL:
236.59
CBIL.TO:
283.94
TBIL:
883.79
CBIL.TO:
0.01%
TBIL:
0.01%
CBIL.TO:
0.34%
TBIL:
0.33%
CBIL.TO:
-0.18%
TBIL:
-0.10%
CBIL.TO:
-0.18%
TBIL:
0.00%
Returns By Period
In the year-to-date period, CBIL.TO achieves a 0.97% return, which is significantly lower than TBIL's 1.70% return.
CBIL.TO
0.97%
0.02%
1.27%
3.49%
N/A
N/A
N/A
TBIL
1.70%
0.35%
2.14%
4.74%
N/A
N/A
N/A
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CBIL.TO vs. TBIL - Expense Ratio Comparison
CBIL.TO has a 0.10% expense ratio, which is lower than TBIL's 0.15% 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. TBIL — Risk-Adjusted Performance Rank
CBIL.TO
TBIL
CBIL.TO vs. TBIL - 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 US Treasury 3 Month Bill ETF (TBIL). 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. TBIL - Dividend Comparison
CBIL.TO's dividend yield for the trailing twelve months is around 3.69%, less than TBIL's 4.64% yield.
| TTM | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
CBIL.TO Global X 0-3 Month T-Bill ETF | 3.69% | 4.38% | 3.39% | 0.00% |
TBIL US Treasury 3 Month Bill ETF | 4.64% | 5.24% | 5.00% | 1.10% |
Drawdowns
CBIL.TO vs. TBIL - Drawdown Comparison
The maximum CBIL.TO drawdown since its inception was -0.18%, which is greater than TBIL's maximum drawdown of -0.10%. Use the drawdown chart below to compare losses from any high point for CBIL.TO and TBIL.
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Volatility
CBIL.TO vs. TBIL - Volatility Comparison
Global X 0-3 Month T-Bill ETF (CBIL.TO) has a higher volatility of 0.20% compared to US Treasury 3 Month Bill ETF (TBIL) at 0.09%. This indicates that CBIL.TO's price experiences larger fluctuations and is considered to be riskier than TBIL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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