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HAF.TO vs. CBIL.TO
Performance
Return for Risk
Dividends
Drawdowns
Volatility

HAF.TO vs. CBIL.TO

Last updated Apr 1, 2026

Compare and contrast key facts about Global X Active Global Fixed Income ETF (HAF.TO) and Global X 0-3 Month T-Bill ETF (CBIL.TO).

HAF.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. HAF.TO is an actively managed fund by Global X. It was launched on Jul 20, 2009. CBIL.TO is an actively managed fund by Global X. It was launched on Apr 12, 2023.

Performance

HAF.TO vs. CBIL.TO - Performance Comparison

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

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

2026 (YTD)202520242023
HAF.TO
Global X Active Global Fixed Income ETF		0.10%2.56%3.65%8.64%
CBIL.TO
Global X 0-3 Month T-Bill ETF		0.30%2.68%4.47%3.36%

Returns By Period

In the year-to-date period, HAF.TO achieves a 0.10% return, which is significantly lower than CBIL.TO's 0.30% return.

HAF.TO

1D
0.53%
1M
-1.49%
YTD
0.10%
6M
0.50%
1Y
0.90%
3Y*
5.00%
5Y*
2.46%
10Y*
2.99%

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)

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Global X Active Global Fixed Income ETF

Global X 0-3 Month T-Bill ETF

Often compared with HAF.TO:
HAF.TO vs. XSH.TOHAF.TO vs. NUBF.TOHAF.TO vs. VBG.NEOHAF.TO vs. FFIX.NEOHAF.TO vs. XBB.TOHAF.TO vs. ZUAG.TOHAF.TO vs. TGFI.TO
Often compared with CBIL.TO:
CBIL.TO vs. CASH.TOCBIL.TO vs. ZMMK.TOCBIL.TO vs. HSAV.TOCBIL.TO vs. TBILCBIL.TO vs. CMR.TOCBIL.TO vs. ZST.TOCBIL.TO vs. PSA.TO

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

HAF.TO has a 0.59% expense ratio, which is higher than CBIL.TO's 0.10% expense ratio.

HAF.TO
Global X Active Global Fixed Income ETF
CBIL.TO
Global X 0-3 Month T-Bill ETF

Return for Risk

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

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
HAF.TO
HAF.TO Risk / Return Rank: 1515
Overall Rank
HAF.TO Sharpe Ratio Rank: 1515
Sharpe Ratio Rank
HAF.TO Sortino Ratio Rank: 1313
Sortino Ratio Rank
HAF.TO Omega Ratio Rank: 1313
Omega Ratio Rank
HAF.TO Calmar Ratio Rank: 1919
Calmar Ratio Rank
HAF.TO Martin Ratio Rank: 1717
Martin Ratio Rank
CBIL.TO
CBIL.TO Risk / Return Rank: 9999
Overall Rank
CBIL.TO Sharpe Ratio Rank: 9999
Sharpe Ratio Rank
CBIL.TO Sortino Ratio Rank: 9999
Sortino Ratio Rank
CBIL.TO Omega Ratio Rank: 9999
Omega Ratio Rank
CBIL.TO Calmar Ratio Rank: 9999
Calmar Ratio Rank
CBIL.TO Martin Ratio Rank: 9999
Martin Ratio Rank
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.

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

This table presents a comparison of risk-adjusted performance metrics for Global X Active Global Fixed Income ETF (HAF.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.

HAF.TOCBIL.TODifference

Sharpe ratio

Return per unit of total volatility

0.13

8.16

-8.03

Sortino ratio

Return per unit of downside risk

0.23

13.19

-12.96

Omega ratio

Gain probability vs. loss probability

1.03

5.24

-4.21

Calmar ratio

Return relative to maximum drawdown

0.34

15.01

-14.67

Martin ratio

Return relative to average drawdown

0.74

204.88

-204.15

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

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

The current HAF.TO Sharpe Ratio is 0.13, which is lower than the CBIL.TO Sharpe Ratio of 8.16. The chart below compares the historical Sharpe Ratios of HAF.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.

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Sharpe Ratios by Period

HAF.TOCBIL.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.13

8.16

-8.03

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.35

—

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.27

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.19

11.25

-11.06

Correlation

The correlation between HAF.TO and CBIL.TO is 0.07, 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

HAF.TO vs. CBIL.TO - Dividend Comparison

HAF.TO's dividend yield for the trailing twelve months is around 5.01%, more than CBIL.TO's 2.27% yield.

TTM20252024202320222021202020192018201720162015
HAF.TO
Global X Active Global Fixed Income ETF		5.01%5.05%5.47%5.34%4.36%2.41%3.08%3.23%2.82%3.11%3.98%3.84%
CBIL.TO
Global X 0-3 Month T-Bill ETF		2.27%2.59%4.38%3.39%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Drawdowns

HAF.TO vs. CBIL.TO - Drawdown Comparison

The maximum HAF.TO drawdown since its inception was -28.04%, 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 HAF.TO and CBIL.TO.

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Drawdown Indicators

HAF.TOCBIL.TODifference

Max Drawdown

Largest peak-to-trough decline

-28.04%

-0.15%

-27.89%

Max Drawdown (1Y)

Largest decline over 1 year

-3.87%

-0.15%

-3.72%

Max Drawdown (5Y)

Largest decline over 5 years

-12.30%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-28.04%

—

—

Current Drawdown

Current decline from peak

-2.23%

-0.15%

-2.08%

Average Drawdown

Average peak-to-trough decline

-4.07%

0.00%

-4.07%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.76%

0.01%

+1.75%

Volatility

HAF.TO vs. CBIL.TO - Volatility Comparison

Global X Active Global Fixed Income ETF (HAF.TO) has a higher volatility of 2.32% compared to Global X 0-3 Month T-Bill ETF (CBIL.TO) at 0.16%. This indicates that HAF.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

HAF.TOCBIL.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

2.32%

0.16%

+2.16%

Volatility (6M)

Calculated over the trailing 6-month period

5.24%

0.23%

+5.01%

Volatility (1Y)

Calculated over the trailing 1-year period

7.18%

0.28%

+6.90%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

7.18%

0.33%

+6.85%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

11.13%

0.33%

+10.80%