CNBS vs. TBIL
CNBS (Amplify Seymour Cannabis ETF) and TBIL (US Treasury 3 Month Bill ETF) are both exchange-traded funds - CNBS is a Cannabis fund actively managed by Amplify, while TBIL is a Ultrashort Bond fund tracking the ICE BofA US Treasury Bill 3 Month Index. CNBS is actively managed, while TBIL is passively managed. Over the past 3 years, CNBS returned -0.72%/yr vs 4.63%/yr for TBIL. At a correlation of -0.00, they often move in opposite directions. CNBS charges 0.75%/yr vs 0.15%/yr for TBIL.
Performance
CNBS vs. TBIL - Performance Comparison
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Returns By Period
In the year-to-date period, CNBS achieves a 4.70% return, which is significantly higher than TBIL's 1.51% return.
CNBS
- 1D
- 6.54%
- 1M
- 0.77%
- YTD
- 4.70%
- 6M
- 26.27%
- 1Y
- 91.63%
- 3Y*
- -0.72%
- 5Y*
- -32.48%
- 10Y*
- —
TBIL
- 1D
- 0.02%
- 1M
- 0.28%
- YTD
- 1.51%
- 6M
- 1.78%
- 1Y
- 3.93%
- 3Y*
- 4.63%
- 5Y*
- —
- 10Y*
- —
CNBS vs. TBIL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
CNBS Amplify Seymour Cannabis ETF | 4.70% | 15.33% | -29.41% | -16.11% | -30.27% |
TBIL US Treasury 3 Month Bill ETF | 1.51% | 4.19% | 5.15% | 5.12% | 1.30% |
Correlation
The correlation between CNBS and TBIL is -0.11, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.00 |
Correlation (All Time) Calculated using the full available price history since Aug 10, 2022 | -0.00 |
The correlation between CNBS and TBIL shifts across timeframes, from -0.11 (1 year) to 0.00 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
CNBS vs. TBIL — Risk / Return Rank
CNBS
TBIL
CNBS vs. TBIL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amplify Seymour Cannabis ETF (CNBS) 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.
| CNBS | TBIL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -12.90 | ||
| Sortino ratioReturn per unit of downside risk | -56.38 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 17.16 | -15.92 |
| Calmar ratioReturn relative to maximum drawdown | 1.80 | 196.84 | -195.04 |
| Martin ratioReturn relative to average drawdown | 3.30 | 934.40 | -931.10 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CNBS | TBIL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.88 | 13.78 | -12.90 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.50 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.39 | 14.08 | -14.47 |
Drawdowns
CNBS vs. TBIL - Drawdown Comparison
The maximum CNBS drawdown since its inception was -95.71%, which is greater than TBIL's maximum drawdown of -0.10%. Use the drawdown chart below to compare losses from any high point for CNBS and TBIL.
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Drawdown Indicators
| CNBS | TBIL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.71% | -0.10% | -95.61% |
Max Drawdown (1Y)Largest decline over 1 year | -51.25% | -0.02% | -51.23% |
Max Drawdown (3Y)Largest decline over 3 years | -73.41% | -0.02% | -73.39% |
Max Drawdown (5Y)Largest decline over 5 years | -93.58% | — | — |
Current DrawdownCurrent decline from peak | -90.88% | 0.00% | -90.88% |
Average DrawdownAverage peak-to-trough decline | -71.27% | -0.00% | -71.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 27.83% | 0.00% | +27.83% |
Volatility
CNBS vs. TBIL - Volatility Comparison
Amplify Seymour Cannabis ETF (CNBS) has a higher volatility of 18.65% compared to US Treasury 3 Month Bill ETF (TBIL) at 0.08%. This indicates that CNBS'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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Volatility by Period
| CNBS | TBIL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.65% | 0.08% | +18.57% |
Volatility (6M)Calculated over the trailing 6-month period | 76.84% | 0.19% | +76.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 105.28% | 0.29% | +104.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 64.80% | 0.32% | +64.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 61.37% | 0.32% | +61.05% |
CNBS vs. TBIL - Expense Ratio Comparison
CNBS has a 0.75% expense ratio, which is higher than TBIL's 0.15% expense ratio.
Dividends
CNBS vs. TBIL - Dividend Comparison
CNBS has not paid dividends to shareholders, while TBIL's dividend yield for the trailing twelve months is around 3.82%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
CNBS Amplify Seymour Cannabis ETF | 0.00% | 0.00% | 43.54% | 0.00% | 0.00% | 0.00% | 0.58% | 0.58% |
TBIL US Treasury 3 Month Bill ETF | 3.82% | 4.07% | 5.02% | 5.00% | 1.10% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
CNBS and TBIL have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CNBS has higher volatility (18.65%) compared to TBIL (0.08%). In terms of maximum drawdown, CNBS dropped -95.71% vs TBIL's -0.10%.
On 3-year performance, TBIL leads with 4.63% vs -0.72% for CNBS. On fees, TBIL is cheaper at 0.15% per year. On volatility, TBIL has been the lower-risk option at 0.08%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, TBIL has performed better with a 4.63% return vs -0.72%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
TBIL is cheaper with a 0.15% expense ratio, compared with 0.75% for CNBS.
TBIL has the higher dividend yield at 3.82%, compared with 0.00% for CNBS.
CNBS is categorized as Cannabis, while TBIL is Ultrashort Bond. They also come from different issuers: Amplify and US Benchmark Series. Their fees differ too: 0.75% for CNBS and 0.15% for TBIL.
TBIL currently has the higher Sharpe Ratio (13.78 vs 0.88), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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