CNCC.TO vs. CBIL.TO
Compare and contrast key facts about Global X Canadian S&P/TSX 60 Covered Call ETF (CNCC.TO) and Global X 0-3 Month T-Bill ETF (CBIL.TO).
CNCC.TO and CBIL.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CNCC.TO is a passively managed fund by Global X that tracks the performance of the S&P/TSX 60. It was launched on Mar 16, 2011. CBIL.TO is an actively managed fund by Global X. It was launched on Apr 12, 2023.
Performance
CNCC.TO vs. CBIL.TO - Performance Comparison
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CNCC.TO vs. CBIL.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
CNCC.TO Global X Canadian S&P/TSX 60 Covered Call ETF | 1.41% | 19.53% | 14.81% | 2.38% |
CBIL.TO Global X 0-3 Month T-Bill ETF | 0.47% | 2.68% | 4.47% | 3.36% |
Returns By Period
In the year-to-date period, CNCC.TO achieves a 1.41% return, which is significantly higher than CBIL.TO's 0.47% return.
CNCC.TO
- 1D
- 1.33%
- 1M
- -2.91%
- YTD
- 1.41%
- 6M
- 6.56%
- 1Y
- 19.60%
- 3Y*
- 13.31%
- 5Y*
- 10.90%
- 10Y*
- 8.48%
CBIL.TO
- 1D
- 0.02%
- 1M
- 0.17%
- YTD
- 0.47%
- 6M
- 1.11%
- 1Y
- 2.41%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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CNCC.TO vs. CBIL.TO - Expense Ratio Comparison
Return for Risk
CNCC.TO vs. CBIL.TO — Risk / Return Rank
CNCC.TO
CBIL.TO
CNCC.TO vs. CBIL.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Canadian S&P/TSX 60 Covered Call ETF (CNCC.TO) and Global X 0-3 Month T-Bill ETF (CBIL.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.
| CNCC.TO | CBIL.TO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.61 | 10.62 | -9.01 |
Sortino ratioReturn per unit of downside risk | 2.14 | 29.97 | -27.83 |
Omega ratioGain probability vs. loss probability | 1.37 | 7.31 | -5.94 |
Calmar ratioReturn relative to maximum drawdown | 1.98 | 60.86 | -58.88 |
Martin ratioReturn relative to average drawdown | 10.75 | 434.28 | -423.53 |
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
| CNCC.TO | CBIL.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.61 | 10.62 | -9.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.88 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.58 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.00 | 11.94 | -11.94 |
Correlation
The correlation between CNCC.TO and CBIL.TO is 0.02, 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.
Dividends
CNCC.TO vs. CBIL.TO - Dividend Comparison
CNCC.TO's dividend yield for the trailing twelve months is around 6.82%, more than CBIL.TO's 2.42% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CNCC.TO Global X Canadian S&P/TSX 60 Covered Call ETF | 6.82% | 7.59% | 9.68% | 10.07% | 9.93% | 5.28% | 5.53% | 5.33% | 6.06% | 5.52% | 5.24% | 8.54% |
CBIL.TO Global X 0-3 Month T-Bill ETF | 2.42% | 2.59% | 4.38% | 3.39% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
CNCC.TO vs. CBIL.TO - Drawdown Comparison
The maximum CNCC.TO drawdown since its inception was -38.22%, which is greater than CBIL.TO's maximum drawdown of -0.06%. Use the drawdown chart below to compare losses from any high point for CNCC.TO and CBIL.TO.
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Drawdown Indicators
| CNCC.TO | CBIL.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.22% | -0.06% | -38.16% |
Max Drawdown (1Y)Largest decline over 1 year | -10.28% | -0.04% | -10.24% |
Max Drawdown (5Y)Largest decline over 5 years | -16.01% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -38.22% | — | — |
Current DrawdownCurrent decline from peak | -3.43% | 0.00% | -3.43% |
Average DrawdownAverage peak-to-trough decline | -6.24% | 0.00% | -6.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.90% | 0.01% | +1.89% |
Volatility
CNCC.TO vs. CBIL.TO - Volatility Comparison
Global X Canadian S&P/TSX 60 Covered Call ETF (CNCC.TO) has a higher volatility of 4.12% compared to Global X 0-3 Month T-Bill ETF (CBIL.TO) at 0.05%. This indicates that CNCC.TO's price experiences larger fluctuations and is considered to be riskier than CBIL.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CNCC.TO | CBIL.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.12% | 0.05% | +4.07% |
Volatility (6M)Calculated over the trailing 6-month period | 7.68% | 0.17% | +7.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.26% | 0.23% | +12.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.44% | 0.31% | +12.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.80% | 0.31% | +14.49% |