HBIL-U.TO vs. BXF.TO
HBIL-U.TO (Hamilton U.S. T-Bill YIELD MAXIMIZER ETF USD Unhedged Units) and BXF.TO (CI 1-5 Year Laddered Government Strip Bond Index ETF) are both Government Bonds funds. Over the past year, HBIL-U.TO returned 4.03% vs 0.86% for BXF.TO. At a 0.19 correlation, their price movements are largely independent.
Performance
HBIL-U.TO vs. BXF.TO - Performance Comparison
Loading charts...
Different Trading Currencies
HBIL-U.TO is traded in USD, while BXF.TO is traded in CAD. To make them comparable, the BXF.TO values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, HBIL-U.TO achieves a 1.33% return, which is significantly higher than BXF.TO's -1.62% return.
HBIL-U.TO
- 1D
- -0.07%
- 1M
- -0.04%
- 6M
- 1.06%
- YTD
- 1.33%
- 1Y
- 4.03%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BXF.TO
- 1D
- 0.70%
- 1M
- -1.03%
- 6M
- -0.53%
- YTD
- -1.62%
- 1Y
- 0.86%
- 3Y*
- 2.04%
- 5Y*
- -0.39%
- 10Y*
- 0.95%
HBIL-U.TO vs. BXF.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
HBIL-U.TO Hamilton U.S. T-Bill YIELD MAXIMIZER ETF USD Unhedged Units | 1.33% | 4.81% | -0.94% |
BXF.TO CI 1-5 Year Laddered Government Strip Bond Index ETF | -1.62% | 8.82% | -5.28% |
Correlation
The correlation between HBIL-U.TO and BXF.TO is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since Sep 16, 2024 | 0.19 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
HBIL-U.TO vs. BXF.TO — Risk / Return Rank
HBIL-U.TO
BXF.TO
HBIL-U.TO vs. BXF.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hamilton U.S. T-Bill YIELD MAXIMIZER ETF USD Unhedged Units (HBIL-U.TO) and CI 1-5 Year Laddered Government Strip Bond Index ETF (BXF.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.
| HBIL-U.TO | BXF.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.95 | ||
| Sortino ratioReturn per unit of downside risk | +2.70 | ||
| Omega ratioGain probability vs. loss probability | 1.48 | 1.03 | +0.45 |
| Calmar ratioReturn relative to maximum drawdown | 3.79 | 0.18 | +3.61 |
| Martin ratioReturn relative to average drawdown | 14.88 | 0.49 | +14.39 |
Loading charts...
Drawdowns
HBIL-U.TO vs. BXF.TO - Drawdown Comparison
The maximum HBIL-U.TO drawdown since its inception was -1.48%, smaller than the maximum BXF.TO drawdown of -24.60%. Use the drawdown chart below to compare losses from any high point for HBIL-U.TO and BXF.TO.
Loading charts...
Drawdown Indicators
| HBIL-U.TO | BXF.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.48% | -24.60% | +23.12% |
Max Drawdown (1Y)Largest decline over 1 year | -1.07% | -4.67% | +3.60% |
Max Drawdown (3Y)Largest decline over 3 years | — | -7.54% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -15.73% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -18.10% | — |
Current DrawdownCurrent decline from peak | -1.00% | -6.07% | +5.07% |
Average DrawdownAverage peak-to-trough decline | -0.32% | -10.97% | +10.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.27% | 1.77% | -1.50% |
Volatility
HBIL-U.TO vs. BXF.TO - Volatility Comparison
The current volatility for Hamilton U.S. T-Bill YIELD MAXIMIZER ETF USD Unhedged Units (HBIL-U.TO) is 1.25%, while CI 1-5 Year Laddered Government Strip Bond Index ETF (BXF.TO) has a volatility of 1.51%. This indicates that HBIL-U.TO experiences smaller price fluctuations and is considered to be less risky than BXF.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| HBIL-U.TO | BXF.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.25% | 1.51% | -0.26% |
Volatility (6M)Calculated over the trailing 6-month period | 1.64% | 3.93% | -2.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.91% | 5.11% | -3.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.12% | 7.19% | -5.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.12% | 7.44% | -5.32% |
Dividends
HBIL-U.TO vs. BXF.TO - Dividend Comparison
HBIL-U.TO's dividend yield for the trailing twelve months is around 6.75%, more than BXF.TO's 2.98% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BXF.TO CI 1-5 Year Laddered Government Strip Bond Index ETF | 2.98% | 2.91% | 3.29% | 2.58% | 1.58% | 1.38% | 1.67% | 1.75% | 1.55% | 1.17% | 1.19% | 1.24% |
HBIL-U.TO Hamilton U.S. T-Bill YIELD MAXIMIZER ETF USD Unhedged Units | 6.75% | 7.37% | 2.40% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
HBIL-U.TO and BXF.TO have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
They also come from different issuers: Hamilton and CI.
Find the right allocation for HBIL-U.TO and BXF.TO
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer