Correlation
The correlation between CBIL.TO and ZAG.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. ZAG.TO
Compare and contrast key facts about Global X 0-3 Month T-Bill ETF (CBIL.TO) and BMO Aggregate Bond Index ETF (ZAG.TO).
CBIL.TO and ZAG.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. ZAG.TO is a passively managed fund by BMO that tracks the performance of the FTSE Canada Universe Bond Index. It was launched on Jan 19, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CBIL.TO or ZAG.TO.
Performance
CBIL.TO vs. ZAG.TO - Performance Comparison
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Key characteristics
CBIL.TO:
13.59
ZAG.TO:
1.37
CBIL.TO:
50.56
ZAG.TO:
2.08
CBIL.TO:
14.01
ZAG.TO:
1.25
CBIL.TO:
92.75
ZAG.TO:
0.76
CBIL.TO:
780.96
ZAG.TO:
6.15
CBIL.TO:
0.00%
ZAG.TO:
1.36%
CBIL.TO:
0.27%
ZAG.TO:
5.83%
CBIL.TO:
-0.06%
ZAG.TO:
-18.03%
CBIL.TO:
0.00%
ZAG.TO:
-3.86%
Returns By Period
In the year-to-date period, CBIL.TO achieves a 1.19% return, which is significantly higher than ZAG.TO's 1.08% return.
CBIL.TO
1.19%
0.23%
1.49%
3.62%
N/A
N/A
N/A
ZAG.TO
1.08%
0.14%
0.65%
7.30%
3.49%
-0.12%
1.77%
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CBIL.TO vs. ZAG.TO - Expense Ratio Comparison
CBIL.TO has a 0.10% expense ratio, which is higher than ZAG.TO's 0.09% 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. ZAG.TO — Risk-Adjusted Performance Rank
CBIL.TO
ZAG.TO
CBIL.TO vs. ZAG.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 BMO Aggregate Bond Index ETF (ZAG.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. ZAG.TO - Dividend Comparison
CBIL.TO's dividend yield for the trailing twelve months is around 3.49%, more than ZAG.TO's 3.45% 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% |
ZAG.TO BMO Aggregate Bond Index ETF | 3.45% | 3.44% | 3.47% | 3.56% | 3.04% | 2.88% | 3.03% | 2.92% | 2.95% | 3.07% | 3.13% | 3.23% |
Drawdowns
CBIL.TO vs. ZAG.TO - Drawdown Comparison
The maximum CBIL.TO drawdown since its inception was -0.06%, smaller than the maximum ZAG.TO drawdown of -18.03%. Use the drawdown chart below to compare losses from any high point for CBIL.TO and ZAG.TO.
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Volatility
CBIL.TO vs. ZAG.TO - Volatility Comparison
The current volatility for Global X 0-3 Month T-Bill ETF (CBIL.TO) is 0.06%, while BMO Aggregate Bond Index ETF (ZAG.TO) has a volatility of 1.64%. This indicates that CBIL.TO experiences smaller price fluctuations and is considered to be less risky than ZAG.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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