HXT.TO vs. CBIL.TO
HXT.TO (Global X S&P/TSX 60 Corporate Class ETF) and CBIL.TO (Global X 0-3 Month T-Bill ETF) are both exchange-traded funds - HXT.TO is a Canada Equities fund tracking the S&P/TSX 60 Index, while CBIL.TO is a Canadian Government Bonds fund actively managed by Global X. HXT.TO is passively managed, while CBIL.TO is actively managed. Over the past 3 years, HXT.TO returned 22.48%/yr vs 3.63%/yr for CBIL.TO. At a 0.01 correlation, their price movements are largely independent. HXT.TO charges 0.07%/yr vs 0.10%/yr for CBIL.TO.
Performance
HXT.TO vs. CBIL.TO - Performance Comparison
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Returns By Period
In the year-to-date period, HXT.TO achieves a 10.03% return, which is significantly higher than CBIL.TO's 0.85% return.
HXT.TO
- 1D
- -0.87%
- 1M
- 3.51%
- YTD
- 10.03%
- 6M
- 12.04%
- 1Y
- 31.51%
- 3Y*
- 22.48%
- 5Y*
- 14.43%
- 10Y*
- 12.71%
CBIL.TO
- 1D
- 0.02%
- 1M
- 0.20%
- YTD
- 0.85%
- 6M
- 1.08%
- 1Y
- 2.34%
- 3Y*
- 3.63%
- 5Y*
- —
- 10Y*
- —
HXT.TO vs. CBIL.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
HXT.TO Global X S&P/TSX 60 Corporate Class ETF | 10.03% | 28.74% | 20.94% | 4.58% |
CBIL.TO Global X 0-3 Month T-Bill ETF | 0.85% | 2.68% | 4.47% | 3.36% |
Correlation
The correlation between HXT.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 | 0.01 |
Correlation (All Time) Calculated using the full available price history since Apr 17, 2023 | 0.01 |
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Return for Risk
HXT.TO vs. CBIL.TO — Risk / Return Rank
HXT.TO
CBIL.TO
HXT.TO vs. CBIL.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X S&P/TSX 60 Corporate Class ETF (HXT.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.
| HXT.TO | CBIL.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -6.77 | ||
| Sortino ratioReturn per unit of downside risk | -19.96 | ||
| Omega ratioGain probability vs. loss probability | 1.49 | 5.38 | -3.90 |
| Calmar ratioReturn relative to maximum drawdown | 4.11 | 58.74 | -54.63 |
| Martin ratioReturn relative to average drawdown | 19.10 | 339.60 | -320.50 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| HXT.TO | CBIL.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.70 | 9.47 | -6.77 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.14 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.84 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.70 | 11.64 | -10.94 |
Drawdowns
HXT.TO vs. CBIL.TO - Drawdown Comparison
The maximum HXT.TO drawdown since its inception was -35.48%, 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 HXT.TO and CBIL.TO.
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Drawdown Indicators
| HXT.TO | CBIL.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.48% | -0.06% | -35.42% |
Max Drawdown (1Y)Largest decline over 1 year | -7.71% | -0.04% | -7.67% |
Max Drawdown (3Y)Largest decline over 3 years | -12.36% | -0.06% | -12.30% |
Max Drawdown (5Y)Largest decline over 5 years | -16.33% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -35.48% | — | — |
Current DrawdownCurrent decline from peak | -0.87% | 0.00% | -0.87% |
Average DrawdownAverage peak-to-trough decline | -4.66% | -0.00% | -4.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.65% | 0.01% | +1.64% |
Volatility
HXT.TO vs. CBIL.TO - Volatility Comparison
Global X S&P/TSX 60 Corporate Class ETF (HXT.TO) has a higher volatility of 3.25% compared to Global X 0-3 Month T-Bill ETF (CBIL.TO) at 0.08%. This indicates that HXT.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
| HXT.TO | CBIL.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.25% | 0.08% | +3.17% |
Volatility (6M)Calculated over the trailing 6-month period | 9.32% | 0.19% | +9.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.71% | 0.25% | +11.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.76% | 0.31% | +12.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.17% | 0.31% | +14.86% |
HXT.TO vs. CBIL.TO - Expense Ratio Comparison
HXT.TO has a 0.07% expense ratio, which is lower than CBIL.TO's 0.10% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
HXT.TO vs. CBIL.TO - Dividend Comparison
HXT.TO has not paid dividends to shareholders, while CBIL.TO's dividend yield for the trailing twelve months is around 2.29%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
CBIL.TO Global X 0-3 Month T-Bill ETF | 2.29% | 2.59% | 4.38% | 3.39% |
HXT.TO Global X S&P/TSX 60 Corporate Class ETF | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
HXT.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.
On fees, HXT.TO is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HXT.TO is cheaper with a 0.07% expense ratio, compared with 0.10% for CBIL.TO.
HXT.TO is categorized as Canada Equities, while CBIL.TO is Canadian Government Bonds. Their fees differ too: 0.07% for HXT.TO and 0.10% for CBIL.TO.
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