HAB.TO vs. CBIL.TO
HAB.TO (Global X Active Corporate Bond ETF) and CBIL.TO (Global X 0-3 Month T-Bill ETF) are both exchange-traded funds - HAB.TO is a Corporate Bonds fund actively managed by Global X, while CBIL.TO is a Canadian Government Bonds fund actively managed by Global X. Both are actively managed. Over the past 3 years, HAB.TO returned 6.05%/yr vs 3.54%/yr for CBIL.TO. At a 0.08 correlation, their price movements are largely independent.
Performance
HAB.TO vs. CBIL.TO - Performance Comparison
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Returns By Period
In the year-to-date period, HAB.TO achieves a 0.81% return, which is significantly lower than CBIL.TO's 1.10% return.
HAB.TO
- 1D
- 0.20%
- 1M
- -0.94%
- 6M
- 0.32%
- YTD
- 0.81%
- 1Y
- 4.46%
- 3Y*
- 6.05%
- 5Y*
- 1.98%
- 10Y*
- 2.89%
CBIL.TO
- 1D
- 0.00%
- 1M
- 0.16%
- 6M
- 1.08%
- YTD
- 1.10%
- 1Y
- 2.29%
- 3Y*
- 3.54%
- 5Y*
- —
- 10Y*
- —
HAB.TO vs. CBIL.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
HAB.TO Global X Active Corporate Bond ETF | 0.81% | 4.13% | 7.98% | 4.44% |
CBIL.TO Global X 0-3 Month T-Bill ETF | 1.10% | 2.68% | 4.47% | 3.36% |
Correlation
The correlation between HAB.TO and CBIL.TO is 0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.04 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.06 |
Correlation (All Time) Calculated using the full available price history since Apr 14, 2023 | 0.08 |
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Return for Risk
HAB.TO vs. CBIL.TO — Risk / Return Rank
HAB.TO
CBIL.TO
HAB.TO vs. CBIL.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Active Corporate Bond ETF (HAB.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| HAB.TO | CBIL.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -7.89 | ||
| Sortino ratioReturn per unit of downside risk | -19.26 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 5.30 | -4.13 |
| Calmar ratioReturn relative to maximum drawdown | 1.82 | 57.55 | -55.72 |
| Martin ratioReturn relative to average drawdown | 4.78 | 312.57 | -307.80 |
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Drawdowns
HAB.TO vs. CBIL.TO - Drawdown Comparison
The maximum HAB.TO drawdown since its inception was -23.78%, 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 HAB.TO and CBIL.TO.
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Drawdown Indicators
| HAB.TO | CBIL.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.78% | -0.06% | -23.72% |
Max Drawdown (1Y)Largest decline over 1 year | -2.46% | -0.04% | -2.42% |
Max Drawdown (3Y)Largest decline over 3 years | -3.28% | -0.06% | -3.22% |
Max Drawdown (5Y)Largest decline over 5 years | -14.20% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -23.78% | — | — |
Current DrawdownCurrent decline from peak | -1.32% | 0.00% | -1.32% |
Average DrawdownAverage peak-to-trough decline | -2.58% | -0.00% | -2.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.94% | 0.01% | +0.93% |
Volatility
HAB.TO vs. CBIL.TO - Volatility Comparison
Global X Active Corporate Bond ETF (HAB.TO) has a higher volatility of 1.34% compared to Global X 0-3 Month T-Bill ETF (CBIL.TO) at 0.07%. This indicates that HAB.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
| HAB.TO | CBIL.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.34% | 0.07% | +1.27% |
Volatility (6M)Calculated over the trailing 6-month period | 3.29% | 0.18% | +3.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.53% | 0.26% | +4.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.49% | 0.32% | +6.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.84% | 0.32% | +7.52% |
Dividends
HAB.TO vs. CBIL.TO - Dividend Comparison
HAB.TO's dividend yield for the trailing twelve months is around 4.12%, more than CBIL.TO's 2.25% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CBIL.TO Global X 0-3 Month T-Bill ETF | 2.25% | 2.58% | 4.38% | 3.39% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
HAB.TO Global X Active Corporate Bond ETF | 4.12% | 4.05% | 3.70% | 3.95% | 3.96% | 2.92% | 2.95% | 2.99% | 3.23% | 3.21% | 3.39% | 3.35% |
Frequently Asked Questions
HAB.TO and CBIL.TO have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HAB.TO is categorized as Corporate Bonds, while CBIL.TO is Canadian Government Bonds.
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