CBIL.TO vs. XLK
CBIL.TO (Global X 0-3 Month T-Bill ETF) and XLK (State Street Technology Select Sector SPDR ETF) are both exchange-traded funds - CBIL.TO is a Canadian Government Bonds fund actively managed by Global X, while XLK is a Technology Equities fund tracking the S&P Technology Select Sector Daily Capped 35/20 Index. CBIL.TO is actively managed, while XLK is passively managed. Over the past 3 years, CBIL.TO returned 3.62%/yr vs 32.28%/yr for XLK. At a 0.01 correlation, their price movements are largely independent. CBIL.TO charges 0.10%/yr vs 0.08%/yr for XLK.
Performance
CBIL.TO vs. XLK - Performance Comparison
Loading charts...
Different Trading Currencies
CBIL.TO is traded in CAD, while XLK is traded in USD. To make them comparable, the XLK 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 lower than XLK's 31.26% return.
CBIL.TO
- 1D
- 0.02%
- 1M
- 0.20%
- YTD
- 0.93%
- 6M
- 1.08%
- 1Y
- 2.34%
- 3Y*
- 3.62%
- 5Y*
- —
- 10Y*
- —
XLK
- 1D
- 1.16%
- 1M
- 6.71%
- YTD
- 31.26%
- 6M
- 30.94%
- 1Y
- 56.84%
- 3Y*
- 32.28%
- 5Y*
- 25.62%
- 10Y*
- 26.28%
CBIL.TO vs. XLK - 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% |
XLK State Street Technology Select Sector SPDR ETF | 31.13% | 18.92% | 31.93% | 27.57% |
Correlation
The correlation between CBIL.TO and XLK is 0.03, 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 | 0.03 |
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 | 0.01 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
CBIL.TO vs. XLK — Risk / Return Rank
CBIL.TO
XLK
CBIL.TO vs. XLK - 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 State Street Technology Select Sector SPDR ETF (XLK). 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 | XLK | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +6.77 | ||
| Sortino ratioReturn per unit of downside risk | +18.56 | ||
| Omega ratioGain probability vs. loss probability | 5.59 | 1.41 | +4.18 |
| Calmar ratioReturn relative to maximum drawdown | 59.18 | 3.53 | +55.65 |
| Martin ratioReturn relative to average drawdown | 326.28 | 10.40 | +315.88 |
Loading charts...
Drawdowns
CBIL.TO vs. XLK - Drawdown Comparison
The maximum CBIL.TO drawdown since its inception was -0.06%, smaller than the maximum XLK drawdown of -38.68%. Use the drawdown chart below to compare losses from any high point for CBIL.TO and XLK.
Loading charts...
Drawdown Indicators
| CBIL.TO | XLK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.06% | -38.68% | +38.62% |
Max Drawdown (1Y)Largest decline over 1 year | -0.04% | -16.16% | +16.12% |
Max Drawdown (3Y)Largest decline over 3 years | -0.06% | -26.35% | +26.29% |
Max Drawdown (5Y)Largest decline over 5 years | — | -29.64% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -29.64% | — |
Current DrawdownCurrent decline from peak | 0.00% | -5.77% | +5.77% |
Average DrawdownAverage peak-to-trough decline | -0.00% | -7.56% | +7.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.01% | 5.48% | -5.47% |
Volatility
CBIL.TO vs. XLK - Volatility Comparison
The current volatility for Global X 0-3 Month T-Bill ETF (CBIL.TO) is 0.06%, while State Street Technology Select Sector SPDR ETF (XLK) has a volatility of 10.83%. This indicates that CBIL.TO experiences smaller price fluctuations and is considered to be less risky than XLK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| CBIL.TO | XLK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.06% | 10.83% | -10.77% |
Volatility (6M)Calculated over the trailing 6-month period | 0.19% | 19.12% | -18.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.25% | 22.68% | -22.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.32% | 25.91% | -25.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.32% | 25.57% | -25.25% |
CBIL.TO vs. XLK - Expense Ratio Comparison
CBIL.TO has a 0.10% expense ratio, which is higher than XLK's 0.08% 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%.
Dividends
CBIL.TO vs. XLK - Dividend Comparison
CBIL.TO's dividend yield for the trailing twelve months is around 2.29%, more than XLK's 0.41% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CBIL.TO Global X 0-3 Month T-Bill ETF | 2.29% | 2.58% | 4.38% | 3.39% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XLK State Street Technology Select Sector SPDR ETF | 0.41% | 0.54% | 0.66% | 0.76% | 1.04% | 0.65% | 0.92% | 1.16% | 1.60% | 1.37% | 1.74% | 1.79% |
Frequently Asked Questions
CBIL.TO and XLK have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XLK is cheaper at 0.08% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XLK is cheaper with a 0.08% expense ratio, compared with 0.10% for CBIL.TO.
CBIL.TO is categorized as Canadian Government Bonds, while XLK is Technology Equities. They also come from different issuers: Global X and State Street. Their fees differ too: 0.10% for CBIL.TO and 0.08% for XLK.
Find the right allocation for CBIL.TO and XLK
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer