Correlation
The correlation between CBIL.TO and ZST.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. ZST.TO
Compare and contrast key facts about Global X 0-3 Month T-Bill ETF (CBIL.TO) and BMO Ultra Short-Term Bond ETF (ZST.TO).
CBIL.TO and ZST.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. ZST.TO is an actively managed fund by BMO. It was launched on Jan 27, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CBIL.TO or ZST.TO.
Performance
CBIL.TO vs. ZST.TO - Performance Comparison
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Key characteristics
CBIL.TO:
13.59
ZST.TO:
10.04
CBIL.TO:
50.56
ZST.TO:
23.89
CBIL.TO:
14.01
ZST.TO:
5.51
CBIL.TO:
92.75
ZST.TO:
44.14
CBIL.TO:
780.96
ZST.TO:
219.62
CBIL.TO:
0.00%
ZST.TO:
0.02%
CBIL.TO:
0.27%
ZST.TO:
0.45%
CBIL.TO:
-0.06%
ZST.TO:
-1.06%
CBIL.TO:
0.00%
ZST.TO:
0.00%
Returns By Period
In the year-to-date period, CBIL.TO achieves a 1.19% return, which is significantly lower than ZST.TO's 1.42% return.
CBIL.TO
1.19%
0.23%
1.49%
3.62%
N/A
N/A
N/A
ZST.TO
1.42%
0.25%
1.74%
4.43%
4.44%
2.87%
2.34%
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CBIL.TO vs. ZST.TO - Expense Ratio Comparison
CBIL.TO has a 0.10% expense ratio, which is lower than ZST.TO's 0.17% 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. ZST.TO — Risk-Adjusted Performance Rank
CBIL.TO
ZST.TO
CBIL.TO vs. ZST.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 Ultra Short-Term Bond ETF (ZST.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. ZST.TO - Dividend Comparison
CBIL.TO's dividend yield for the trailing twelve months is around 3.49%, less than ZST.TO's 3.86% 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% |
ZST.TO BMO Ultra Short-Term Bond ETF | 3.86% | 4.70% | 4.84% | 2.78% | 2.31% | 2.68% | 2.84% | 3.47% | 4.09% | 3.96% | 3.94% | 3.39% |
Drawdowns
CBIL.TO vs. ZST.TO - Drawdown Comparison
The maximum CBIL.TO drawdown since its inception was -0.06%, smaller than the maximum ZST.TO drawdown of -1.06%. Use the drawdown chart below to compare losses from any high point for CBIL.TO and ZST.TO.
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Volatility
CBIL.TO vs. ZST.TO - Volatility Comparison
The current volatility for Global X 0-3 Month T-Bill ETF (CBIL.TO) is 0.06%, while BMO Ultra Short-Term Bond ETF (ZST.TO) has a volatility of 0.11%. This indicates that CBIL.TO experiences smaller price fluctuations and is considered to be less risky than ZST.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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