HTB.TO vs. HBIL-U.TO
HTB.TO (Global X US 7-10 Year Treasury Bond Index Corporate Class ETF) and HBIL-U.TO (Hamilton U.S. T-Bill YIELD MAXIMIZER ETF USD Unhedged Units) are both Government Bonds funds. Both are actively managed. Over the past year, HTB.TO returned 6.05% vs 6.67% for HBIL-U.TO. At a 0.25 correlation, their price movements are largely independent.
Performance
HTB.TO vs. HBIL-U.TO - Performance Comparison
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Different Trading Currencies
HTB.TO is traded in CAD, while HBIL-U.TO is traded in USD. To make them comparable, the HBIL-U.TO values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, HTB.TO achieves a 1.68% return, which is significantly lower than HBIL-U.TO's 3.97% return.
HTB.TO
- 1D
- 0.08%
- 1M
- 0.03%
- 6M
- 0.05%
- YTD
- 1.68%
- 1Y
- 6.05%
- 3Y*
- 4.68%
- 5Y*
- 0.54%
- 10Y*
- 1.13%
HBIL-U.TO
- 1D
- -0.76%
- 1M
- 0.59%
- 6M
- 2.26%
- YTD
- 3.97%
- 1Y
- 6.67%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HTB.TO vs. HBIL-U.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
HTB.TO Global X US 7-10 Year Treasury Bond Index Corporate Class ETF | 1.68% | 2.71% | 0.32% |
HBIL-U.TO Hamilton U.S. T-Bill YIELD MAXIMIZER ETF USD Unhedged Units | 3.97% | 0.03% | 4.69% |
Correlation
The correlation between HTB.TO and HBIL-U.TO is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Sep 16, 2024 | 0.25 |
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Return for Risk
HTB.TO vs. HBIL-U.TO — Risk / Return Rank
HTB.TO
HBIL-U.TO
HTB.TO vs. HBIL-U.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X US 7-10 Year Treasury Bond Index Corporate Class ETF (HTB.TO) and Hamilton U.S. T-Bill YIELD MAXIMIZER ETF USD Unhedged Units (HBIL-U.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.
| HTB.TO | HBIL-U.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.43 | ||
| Sortino ratioReturn per unit of downside risk | -0.60 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.25 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 1.13 | 1.67 | -0.54 |
| Martin ratioReturn relative to average drawdown | 2.34 | 4.26 | -1.92 |
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Drawdowns
HTB.TO vs. HBIL-U.TO - Drawdown Comparison
The maximum HTB.TO drawdown since its inception was -26.11%, which is greater than HBIL-U.TO's maximum drawdown of -6.68%. Use the drawdown chart below to compare losses from any high point for HTB.TO and HBIL-U.TO.
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Drawdown Indicators
| HTB.TO | HBIL-U.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.11% | -6.68% | -19.43% |
Max Drawdown (1Y)Largest decline over 1 year | -5.39% | -4.01% | -1.38% |
Max Drawdown (3Y)Largest decline over 3 years | -7.11% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -15.89% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -26.11% | — | — |
Current DrawdownCurrent decline from peak | -11.91% | -2.10% | -9.81% |
Average DrawdownAverage peak-to-trough decline | -12.51% | -2.26% | -10.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.59% | 1.57% | +1.02% |
Volatility
HTB.TO vs. HBIL-U.TO - Volatility Comparison
Global X US 7-10 Year Treasury Bond Index Corporate Class ETF (HTB.TO) has a higher volatility of 2.00% compared to Hamilton U.S. T-Bill YIELD MAXIMIZER ETF USD Unhedged Units (HBIL-U.TO) at 1.88%. This indicates that HTB.TO's price experiences larger fluctuations and is considered to be riskier than HBIL-U.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HTB.TO | HBIL-U.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.00% | 1.88% | +0.12% |
Volatility (6M)Calculated over the trailing 6-month period | 4.50% | 3.60% | +0.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.08% | 4.68% | +1.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.35% | 5.86% | +3.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.38% | 5.86% | +3.52% |
Dividends
HTB.TO vs. HBIL-U.TO - Dividend Comparison
HTB.TO has not paid dividends to shareholders, while HBIL-U.TO's dividend yield for the trailing twelve months is around 6.75%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
HBIL-U.TO Hamilton U.S. T-Bill YIELD MAXIMIZER ETF USD Unhedged Units | 6.75% | 7.37% | 2.40% |
HTB.TO Global X US 7-10 Year Treasury Bond Index Corporate Class ETF | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
HTB.TO and HBIL-U.TO have a correlation of 0.24, 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: Global X and Hamilton.
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