GLDX.TO vs. CBIL.TO

Last updated Apr 1, 2026

Compare and contrast key facts about Global X Gold Producers Index ETF (GLDX.TO) and Global X 0-3 Month T-Bill ETF (CBIL.TO).

GLDX.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. GLDX.TO is a passively managed fund by Global X that tracks the performance of the Mirae Asset North American Listed Gold Producers Index. It was launched on Nov 6, 2024. CBIL.TO is an actively managed fund by Global X. It was launched on Apr 12, 2023.

Performance

GLDX.TO vs. CBIL.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Global X Gold Producers Index ETF (GLDX.TO) and Global X 0-3 Month T-Bill ETF (CBIL.TO). The values are adjusted to include any dividend payments, if applicable.

GLDX.TO vs. CBIL.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024
GLDX.TO Global X Gold Producers Index ETF	8.02%	178.05%	-11.40%
CBIL.TO Global X 0-3 Month T-Bill ETF	0.30%	2.68%	0.53%

Returns By Period

In the year-to-date period, GLDX.TO achieves a 8.02% return, which is significantly higher than CBIL.TO's 0.30% return.

GLDX.TO

• 1D: 7.06%
• 1M: -19.13%
• YTD: 8.02%
• 6M: 24.46%
• 1Y: 114.19%
• 3Y*: —
• 5Y*: —
• 10Y*: —

CBIL.TO

• 1D: -0.15%
• 1M: 0.04%
• YTD: 0.30%
• 6M: 0.93%
• 1Y: 2.26%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

GLDX.TO vs. CBIL.TO - Expense Ratio Comparison

CBIL.TO

Global X 0-3 Month T-Bill ETF

Return for Risk

GLDX.TO vs. CBIL.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

GLDX.TO

GLDX.TO Risk / Return Rank: 92
GLDX.TO Sharpe Ratio Rank: 95
GLDX.TO Sortino Ratio Rank: 90
GLDX.TO Omega Ratio Rank: 91
GLDX.TO Calmar Ratio Rank: 94
GLDX.TO Martin Ratio Rank: 93

CBIL.TO

CBIL.TO Risk / Return Rank: 99
CBIL.TO Sharpe Ratio Rank: 99
CBIL.TO Sortino Ratio Rank: 99
CBIL.TO Omega Ratio Rank: 99
CBIL.TO Calmar Ratio Rank: 99
CBIL.TO Martin Ratio Rank: 99

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

GLDX.TO vs. CBIL.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Gold Producers Index ETF (GLDX.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.

	GLDX.TO	CBIL.TO	Difference
Sharpe ratio Return per unit of total volatility	2.44	8.16	-5.71
Sortino ratio Return per unit of downside risk	2.59	13.19	-10.60
Omega ratio Gain probability vs. loss probability	1.39	5.24	-3.84
Calmar ratio Return relative to maximum drawdown	3.84	15.01	-11.17
Martin ratio Return relative to average drawdown	13.73	204.88	-191.16
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GLDX.TO vs. CBIL.TO - Sharpe Ratio Comparison

The current GLDX.TO Sharpe Ratio is 2.44, which is lower than the CBIL.TO Sharpe Ratio of 8.16. The chart below compares the historical Sharpe Ratios of GLDX.TO and CBIL.TO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	GLDX.TO	CBIL.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.44	8.16	-5.71
Sharpe Ratio (All Time) Calculated using the full available price history	2.37	11.25	-8.87

Correlation

The correlation between GLDX.TO and CBIL.TO is -0.05. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

Dividends

GLDX.TO vs. CBIL.TO - Dividend Comparison

GLDX.TO's dividend yield for the trailing twelve months is around 0.90%, less than CBIL.TO's 2.27% yield.

	TTM	2025	2024	2023
GLDX.TO Global X Gold Producers Index ETF	0.90%	0.97%	0.08%	0.00%
CBIL.TO Global X 0-3 Month T-Bill ETF	2.27%	2.59%	4.38%	3.39%

Drawdowns

GLDX.TO vs. CBIL.TO - Drawdown Comparison

The maximum GLDX.TO drawdown since its inception was -30.14%, which is greater than CBIL.TO's maximum drawdown of -0.15%. Use the drawdown chart below to compare losses from any high point for GLDX.TO and CBIL.TO.

Drawdown Indicators

	GLDX.TO	CBIL.TO	Difference
Max Drawdown Largest peak-to-trough decline	-30.14%	-0.15%	-29.99%
Max Drawdown (1Y) Largest decline over 1 year	-30.14%	-0.15%	-29.99%
Current Drawdown Current decline from peak	-19.13%	-0.15%	-18.98%
Average Drawdown Average peak-to-trough decline	-4.99%	0.00%	-4.99%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.42%	0.01%	+8.41%

Volatility

GLDX.TO vs. CBIL.TO - Volatility Comparison

Global X Gold Producers Index ETF (GLDX.TO) has a higher volatility of 18.08% compared to Global X 0-3 Month T-Bill ETF (CBIL.TO) at 0.16%. This indicates that GLDX.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.

Volatility by Period

	GLDX.TO	CBIL.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.08%	0.16%	+17.92%
Volatility (6M) Calculated over the trailing 6-month period	38.21%	0.23%	+37.98%
Volatility (1Y) Calculated over the trailing 1-year period	46.99%	0.28%	+46.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	43.32%	0.33%	+42.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	43.32%	0.33%	+42.99%