HSUV-U.TO vs. CBIL.TO

Last updated Apr 1, 2026

Compare and contrast key facts about Global X USD Cash Maximizer Corporate Class ETF (HSUV-U.TO) and Global X 0-3 Month T-Bill ETF (CBIL.TO).

HSUV-U.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. HSUV-U.TO is an actively managed fund by Global X. It was launched on Jun 30, 2020. CBIL.TO is an actively managed fund by Global X. It was launched on Apr 12, 2023.

Performance

HSUV-U.TO vs. CBIL.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X USD Cash Maximizer Corporate Class ETF (HSUV-U.TO) and Global X 0-3 Month T-Bill ETF (CBIL.TO). The values are adjusted to include any dividend payments, if applicable.

HSUV-U.TO vs. CBIL.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
HSUV-U.TO Global X USD Cash Maximizer Corporate Class ETF	0.76%	4.04%	4.86%	4.10%
CBIL.TO Global X 0-3 Month T-Bill ETF	-0.98%	7.60%	-3.78%	4.27%

Different Trading Currencies

HSUV-U.TO is traded in USD, while CBIL.TO is traded in CAD. To make them comparable, the CBIL.TO values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, HSUV-U.TO achieves a 0.76% return, which is significantly higher than CBIL.TO's -0.90% return.

HSUV-U.TO

• 1D: -0.03%
• 1M: 0.47%
• YTD: 0.76%
• 6M: 1.83%
• 1Y: 3.87%
• 3Y*: 4.67%
• 5Y*: 3.44%
• 10Y*: —

CBIL.TO

• 1D: 0.00%
• 1M: -1.74%
• YTD: -0.90%
• 6M: 1.14%
• 1Y: 5.89%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

HSUV-U.TO vs. CBIL.TO - Expense Ratio Comparison

HSUV-U.TO has a 0.18% expense ratio, which is higher than CBIL.TO's 0.10% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

HSUV-U.TO

Global X USD Cash Maximizer Corporate Class ETF

CBIL.TO

Global X 0-3 Month T-Bill ETF

Return for Risk

HSUV-U.TO vs. CBIL.TO — Risk / Return Rank

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

HSUV-U.TO

HSUV-U.TO Risk / Return Rank: 99
HSUV-U.TO Sharpe Ratio Rank: 98
HSUV-U.TO Sortino Ratio Rank: 99
HSUV-U.TO Omega Ratio Rank: 98
HSUV-U.TO Calmar Ratio Rank: 99
HSUV-U.TO Martin Ratio Rank: 99

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.

HSUV-U.TO vs. CBIL.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X USD Cash Maximizer Corporate Class ETF (HSUV-U.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.

	HSUV-U.TO	CBIL.TO	Difference
Sharpe ratio Return per unit of total volatility	3.79	1.13	+2.66
Sortino ratio Return per unit of downside risk	6.16	1.87	+4.29
Omega ratio Gain probability vs. loss probability	1.91	1.22	+0.70
Calmar ratio Return relative to maximum drawdown	15.31	1.84	+13.48
Martin ratio Return relative to average drawdown	47.48	4.06	+43.42
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HSUV-U.TO vs. CBIL.TO - Sharpe Ratio Comparison

The current HSUV-U.TO Sharpe Ratio is 3.79, which is higher than the CBIL.TO Sharpe Ratio of 1.13. The chart below compares the historical Sharpe Ratios of HSUV-U.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

	HSUV-U.TO	CBIL.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.79	1.13	+2.66
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	3.75	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	3.52	0.44	+3.08

Correlation

The correlation between HSUV-U.TO and CBIL.TO is -0.04. 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

HSUV-U.TO vs. CBIL.TO - Dividend Comparison

HSUV-U.TO has not paid dividends to shareholders, while CBIL.TO's dividend yield for the trailing twelve months is around 2.27%.

	TTM	2025	2024	2023
HSUV-U.TO Global X USD Cash Maximizer Corporate Class ETF	0.00%	0.00%	0.00%	0.00%
CBIL.TO Global X 0-3 Month T-Bill ETF	2.27%	2.59%	4.38%	3.39%

Drawdowns

HSUV-U.TO vs. CBIL.TO - Drawdown Comparison

The maximum HSUV-U.TO drawdown since its inception was -0.52%, smaller than the maximum CBIL.TO drawdown of -6.35%. Use the drawdown chart below to compare losses from any high point for HSUV-U.TO and CBIL.TO.

Drawdown Indicators

	HSUV-U.TO	CBIL.TO	Difference
Max Drawdown Largest peak-to-trough decline	-0.52%	-0.15%	-0.37%
Max Drawdown (1Y) Largest decline over 1 year	-0.25%	-0.15%	-0.10%
Max Drawdown (5Y) Largest decline over 5 years	-0.52%	—	—
Current Drawdown Current decline from peak	-0.17%	-0.15%	-0.02%
Average Drawdown Average peak-to-trough decline	-0.03%	0.00%	-0.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.08%	0.01%	+0.07%

Volatility

HSUV-U.TO vs. CBIL.TO - Volatility Comparison

The current volatility for Global X USD Cash Maximizer Corporate Class ETF (HSUV-U.TO) is 0.31%, while Global X 0-3 Month T-Bill ETF (CBIL.TO) has a volatility of 1.36%. This indicates that HSUV-U.TO experiences smaller price fluctuations and is considered to be less risky than CBIL.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HSUV-U.TO	CBIL.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.31%	1.36%	-1.05%
Volatility (6M) Calculated over the trailing 6-month period	0.81%	3.34%	-2.53%
Volatility (1Y) Calculated over the trailing 1-year period	1.02%	5.25%	-4.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.92%	5.27%	-4.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.86%	5.27%	-4.41%