TCND.TO vs. CBIL.TO

Last updated Apr 5, 2026

Compare and contrast key facts about BetaPro 3x S&P/TSX 60 Daily Leveraged Bull Alternative ETF (TCND.TO) and Global X 0-3 Month T-Bill ETF (CBIL.TO).

TCND.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. TCND.TO is a passively managed fund by Global X that tracks the performance of the S&P/TSX 60 Index. It was launched on Aug 11, 2025. CBIL.TO is an actively managed fund by Global X. It was launched on Apr 12, 2023.

Performance

TCND.TO vs. CBIL.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in BetaPro 3x S&P/TSX 60 Daily Leveraged Bull Alternative ETF (TCND.TO) and Global X 0-3 Month T-Bill ETF (CBIL.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TCND.TO achieves a 6.11% return, which is significantly higher than CBIL.TO's 0.52% return.

TCND.TO

• 1D: 1.21%
• 1M: -3.57%
• YTD: 6.11%
• 6M: 17.00%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

CBIL.TO

• 1D: 0.04%
• 1M: 0.21%
• YTD: 0.52%
• 6M: 1.15%
• 1Y: 2.44%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TCND.TO vs. CBIL.TO - Yearly Performance Comparison

	2026 (YTD)	2025
TCND.TO BetaPro 3x S&P/TSX 60 Daily Leveraged Bull Alternative ETF	6.11%	41.62%
CBIL.TO Global X 0-3 Month T-Bill ETF	0.52%	0.98%

Correlation

The correlation between TCND.TO and CBIL.TO is -0.00, meaning they tend to move in opposite directions. This is especially valuable for risk management — when one declines, the other has historically tended to hold steady or rise, cushioning overall portfolio drawdowns.

TCND.TO vs. CBIL.TO - Expense Ratio Comparison

CBIL.TO

Global X 0-3 Month T-Bill ETF

Return for Risk

TCND.TO vs. CBIL.TO — Risk / Return Rank

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

CBIL.TO

CBIL.TO Risk / Return Rank: 100
CBIL.TO Sharpe Ratio Rank: 100
CBIL.TO Sortino Ratio Rank: 100
CBIL.TO Omega Ratio Rank: 100
CBIL.TO Calmar Ratio Rank: 100
CBIL.TO Martin Ratio Rank: 100

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.

TCND.TO vs. CBIL.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BetaPro 3x S&P/TSX 60 Daily Leveraged Bull Alternative ETF (TCND.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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	TCND.TO	CBIL.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	10.66	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.41	11.96	-9.55

Drawdowns

TCND.TO vs. CBIL.TO - Drawdown Comparison

The maximum TCND.TO drawdown since its inception was -22.06%, 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 TCND.TO and CBIL.TO.

Drawdown Indicators

	TCND.TO	CBIL.TO	Difference
Max Drawdown Largest peak-to-trough decline	-22.06%	-0.06%	-22.00%
Max Drawdown (1Y) Largest decline over 1 year	—	-0.04%	—
Current Drawdown Current decline from peak	-10.17%	0.00%	-10.17%
Average Drawdown Average peak-to-trough decline	-3.59%	0.00%	-3.59%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.01%	—

Volatility

Volatility by Period

	TCND.TO	CBIL.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.06%	—
Volatility (6M) Calculated over the trailing 6-month period	—	0.17%	—
Volatility (1Y) Calculated over the trailing 1-year period	37.11%	0.23%	+36.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	37.11%	0.31%	+36.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	37.11%	0.31%	+36.80%

Dividends

TCND.TO vs. CBIL.TO - Dividend Comparison

TCND.TO has not paid dividends to shareholders, while CBIL.TO's dividend yield for the trailing twelve months is around 2.42%.

	TTM	2025	2024	2023
TCND.TO BetaPro 3x S&P/TSX 60 Daily Leveraged Bull Alternative ETF	0.00%	0.00%	0.00%	0.00%
CBIL.TO Global X 0-3 Month T-Bill ETF	2.42%	2.59%	4.38%	3.39%