RUSB.TO vs. HBIL.TO
RUSB.TO (RBC Short Term U.S. Corporate Bond ETF) and HBIL.TO (Hamilton U.S. T-Bill YIELD MAXIMIZER ETF (CAD Hedged)) are both exchange-traded funds - RUSB.TO is a Short-Term Bond fund actively managed by RBC, while HBIL.TO is a Derivative Income fund actively managed by Hamilton Capital. Both are actively managed. Over the past year, RUSB.TO returned 6.49% vs 2.41% for HBIL.TO. At a 0.10 correlation, their price movements are largely independent.
Performance
RUSB.TO vs. HBIL.TO - Performance Comparison
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Returns By Period
In the year-to-date period, RUSB.TO achieves a 3.34% return, which is significantly higher than HBIL.TO's 0.55% return.
RUSB.TO
- 1D
- -1.54%
- 1M
- 0.69%
- 6M
- 1.97%
- YTD
- 3.34%
- 1Y
- 6.49%
- 3Y*
- 7.53%
- 5Y*
- 4.61%
- 10Y*
- —
HBIL.TO
- 1D
- 0.07%
- 1M
- -0.18%
- 6M
- 0.27%
- YTD
- 0.55%
- 1Y
- 2.41%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
RUSB.TO vs. HBIL.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
RUSB.TO RBC Short Term U.S. Corporate Bond ETF | 3.34% | 1.61% | 5.51% |
HBIL.TO Hamilton U.S. T-Bill YIELD MAXIMIZER ETF (CAD Hedged) | 0.55% | 3.04% | -1.22% |
Correlation
The correlation between RUSB.TO and HBIL.TO is 0.07, 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 | 0.07 |
Correlation (All Time) Calculated using the full available price history since Sep 16, 2024 | 0.10 |
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Return for Risk
RUSB.TO vs. HBIL.TO — Risk / Return Rank
RUSB.TO
HBIL.TO
RUSB.TO vs. HBIL.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for RBC Short Term U.S. Corporate Bond ETF (RUSB.TO) and Hamilton U.S. T-Bill YIELD MAXIMIZER ETF (CAD Hedged) (HBIL.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.
| RUSB.TO | HBIL.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.37 | ||
| Sortino ratioReturn per unit of downside risk | -0.70 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.29 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 1.81 | 2.54 | -0.73 |
| Martin ratioReturn relative to average drawdown | 3.97 | 7.69 | -3.72 |
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Drawdowns
RUSB.TO vs. HBIL.TO - Drawdown Comparison
The maximum RUSB.TO drawdown since its inception was -14.28%, which is greater than HBIL.TO's maximum drawdown of -1.66%. Use the drawdown chart below to compare losses from any high point for RUSB.TO and HBIL.TO.
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Drawdown Indicators
| RUSB.TO | HBIL.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.28% | -1.66% | -12.62% |
Max Drawdown (1Y)Largest decline over 1 year | -3.60% | -0.95% | -2.65% |
Max Drawdown (3Y)Largest decline over 3 years | -5.26% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -8.10% | — | — |
Current DrawdownCurrent decline from peak | -1.54% | -0.52% | -1.02% |
Average DrawdownAverage peak-to-trough decline | -4.11% | -0.47% | -3.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.64% | 0.31% | +1.33% |
Volatility
RUSB.TO vs. HBIL.TO - Volatility Comparison
RBC Short Term U.S. Corporate Bond ETF (RUSB.TO) has a higher volatility of 2.05% compared to Hamilton U.S. T-Bill YIELD MAXIMIZER ETF (CAD Hedged) (HBIL.TO) at 0.83%. This indicates that RUSB.TO's price experiences larger fluctuations and is considered to be riskier than HBIL.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RUSB.TO | HBIL.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.05% | 0.83% | +1.22% |
Volatility (6M)Calculated over the trailing 6-month period | 4.25% | 1.45% | +2.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.45% | 1.76% | +4.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.05% | 2.07% | +4.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.96% | 2.07% | +4.89% |
Dividends
RUSB.TO vs. HBIL.TO - Dividend Comparison
RUSB.TO's dividend yield for the trailing twelve months is around 4.13%, less than HBIL.TO's 6.25% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
HBIL.TO Hamilton U.S. T-Bill YIELD MAXIMIZER ETF (CAD Hedged) | 6.25% | 7.48% | 2.58% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
RUSB.TO RBC Short Term U.S. Corporate Bond ETF | 4.13% | 3.96% | 3.38% | 3.26% | 2.48% | 2.30% | 2.78% | 2.80% | 1.90% | 0.41% |
Frequently Asked Questions
RUSB.TO and HBIL.TO have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RUSB.TO is categorized as Short-Term Bond, while HBIL.TO is Derivative Income. They also come from different issuers: RBC and Hamilton Capital.
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