SLVU.TO vs. CBIL.TO
SLVU.TO (BetaPro Silver 2x Daily Bull ETF) and CBIL.TO (Global X 0-3 Month T-Bill ETF) are both exchange-traded funds - SLVU.TO is a Silver fund tracking the Solactive Silver Front Month MD Rolling Futures Index ER, while CBIL.TO is a Canadian Government Bonds fund actively managed by Global X. SLVU.TO is passively managed, while CBIL.TO is actively managed. Over the past 3 years, SLVU.TO returned 49.77%/yr vs 3.63%/yr for CBIL.TO. At a correlation of -0.01, they often move in opposite directions. SLVU.TO charges 2.20%/yr vs 0.10%/yr for CBIL.TO.
Performance
SLVU.TO vs. CBIL.TO - Performance Comparison
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Returns By Period
In the year-to-date period, SLVU.TO achieves a -32.84% return, which is significantly lower than CBIL.TO's 0.85% return.
SLVU.TO
- 1D
- -5.36%
- 1M
- -2.10%
- YTD
- -32.84%
- 6M
- -7.57%
- 1Y
- 133.37%
- 3Y*
- 49.77%
- 5Y*
- 12.11%
- 10Y*
- 7.42%
CBIL.TO
- 1D
- 0.02%
- 1M
- 0.20%
- YTD
- 0.85%
- 6M
- 1.08%
- 1Y
- 2.34%
- 3Y*
- 3.63%
- 5Y*
- —
- 10Y*
- —
SLVU.TO vs. CBIL.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
SLVU.TO BetaPro Silver 2x Daily Bull ETF | -32.84% | 349.11% | 20.71% | -22.19% |
CBIL.TO Global X 0-3 Month T-Bill ETF | 0.85% | 2.68% | 4.47% | 3.36% |
Correlation
The correlation between SLVU.TO and CBIL.TO is -0.06, 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 | -0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.02 |
Correlation (All Time) Calculated using the full available price history since Apr 17, 2023 | -0.01 |
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Return for Risk
SLVU.TO vs. CBIL.TO — Risk / Return Rank
SLVU.TO
CBIL.TO
SLVU.TO vs. CBIL.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BetaPro Silver 2x Daily Bull ETF (SLVU.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.
| SLVU.TO | CBIL.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -8.33 | ||
| Sortino ratioReturn per unit of downside risk | -21.73 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 5.38 | -4.07 |
| Calmar ratioReturn relative to maximum drawdown | 1.75 | 58.74 | -56.98 |
| Martin ratioReturn relative to average drawdown | 3.33 | 339.60 | -336.27 |
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
| SLVU.TO | CBIL.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.14 | 9.47 | -8.33 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.17 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.11 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.01 | 11.64 | -11.65 |
Drawdowns
SLVU.TO vs. CBIL.TO - Drawdown Comparison
The maximum SLVU.TO drawdown since its inception was -98.60%, 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 SLVU.TO and CBIL.TO.
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Drawdown Indicators
| SLVU.TO | CBIL.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.60% | -0.06% | -98.54% |
Max Drawdown (1Y)Largest decline over 1 year | -76.62% | -0.04% | -76.58% |
Max Drawdown (3Y)Largest decline over 3 years | -76.62% | -0.06% | -76.56% |
Max Drawdown (5Y)Largest decline over 5 years | -76.62% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -80.27% | — | — |
Current DrawdownCurrent decline from peak | -90.63% | 0.00% | -90.63% |
Average DrawdownAverage peak-to-trough decline | -82.56% | -0.00% | -82.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 40.19% | 0.01% | +40.18% |
Volatility
SLVU.TO vs. CBIL.TO - Volatility Comparison
BetaPro Silver 2x Daily Bull ETF (SLVU.TO) has a higher volatility of 34.08% compared to Global X 0-3 Month T-Bill ETF (CBIL.TO) at 0.08%. This indicates that SLVU.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
| SLVU.TO | CBIL.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 34.08% | 0.08% | +34.00% |
Volatility (6M)Calculated over the trailing 6-month period | 132.13% | 0.19% | +131.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 118.13% | 0.25% | +117.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 73.80% | 0.31% | +73.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 65.52% | 0.31% | +65.21% |
SLVU.TO vs. CBIL.TO - Expense Ratio Comparison
SLVU.TO has a 2.20% expense ratio, which is higher than CBIL.TO's 0.10% expense ratio.
Dividends
SLVU.TO vs. CBIL.TO - Dividend Comparison
SLVU.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% |
SLVU.TO BetaPro Silver 2x Daily Bull ETF | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SLVU.TO and CBIL.TO have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CBIL.TO is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CBIL.TO is cheaper with a 0.10% expense ratio, compared with 2.20% for SLVU.TO.
SLVU.TO is categorized as Silver, while CBIL.TO is Canadian Government Bonds. Their fees differ too: 2.20% for SLVU.TO and 0.10% for CBIL.TO.
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