TSTX-U.TO vs. CBIL.TO

Last updated Apr 1, 2026

Compare and contrast key facts about Global X 1-3 Year U.S. Treasury Bond Index ETF (TSTX-U.TO) and Global X 0-3 Month T-Bill ETF (CBIL.TO).

TSTX-U.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. TSTX-U.TO is a passively managed fund by Global X that tracks the performance of the ICE U.S. Treasury 1-3 Year Bond Index. It was launched on Oct 7, 2025. CBIL.TO is an actively managed fund by Global X. It was launched on Apr 12, 2023.

Performance

TSTX-U.TO vs. CBIL.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Global X 1-3 Year U.S. Treasury Bond Index ETF (TSTX-U.TO) and Global X 0-3 Month T-Bill ETF (CBIL.TO). The values are adjusted to include any dividend payments, if applicable.

TSTX-U.TO vs. CBIL.TO - Yearly Performance Comparison

	2026 (YTD)	2025
TSTX-U.TO Global X 1-3 Year U.S. Treasury Bond Index ETF	-0.24%	1.20%
CBIL.TO Global X 0-3 Month T-Bill ETF	0.30%	0.59%

Returns By Period

In the year-to-date period, TSTX-U.TO achieves a -0.24% return, which is significantly lower than CBIL.TO's 0.30% return.

TSTX-U.TO

• 1D: -0.20%
• 1M: -0.82%
• YTD: -0.24%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

CBIL.TO

• 1D: -0.15%
• 1M: 0.04%
• YTD: 0.30%
• 6M: 0.93%
• 1Y: 2.26%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TSTX-U.TO vs. CBIL.TO - Expense Ratio Comparison

TSTX-U.TO has a 0.15% expense ratio, which is higher than CBIL.TO's 0.10% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

TSTX-U.TO

Global X 1-3 Year U.S. Treasury Bond Index ETF

CBIL.TO

Global X 0-3 Month T-Bill ETF

Return for Risk

TSTX-U.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: 99
CBIL.TO Sharpe Ratio Rank: 99
CBIL.TO Sortino Ratio Rank: 99
CBIL.TO Omega Ratio Rank: 99
CBIL.TO Calmar Ratio Rank: 99
CBIL.TO Martin Ratio Rank: 99

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.

TSTX-U.TO vs. CBIL.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X 1-3 Year U.S. Treasury Bond Index ETF (TSTX-U.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

	TSTX-U.TO	CBIL.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	8.16	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.25	11.25	-9.99

Correlation

The correlation between TSTX-U.TO and CBIL.TO is 0.12, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

TSTX-U.TO vs. CBIL.TO - Dividend Comparison

TSTX-U.TO's dividend yield for the trailing twelve months is around 1.41%, less than CBIL.TO's 2.27% yield.

	TTM	2025	2024	2023
TSTX-U.TO Global X 1-3 Year U.S. Treasury Bond Index ETF	1.41%	0.84%	0.00%	0.00%
CBIL.TO Global X 0-3 Month T-Bill ETF	2.27%	2.59%	4.38%	3.39%

Drawdowns

TSTX-U.TO vs. CBIL.TO - Drawdown Comparison

The maximum TSTX-U.TO drawdown since its inception was -0.90%, which is greater than CBIL.TO's maximum drawdown of -0.15%. Use the drawdown chart below to compare losses from any high point for TSTX-U.TO and CBIL.TO.

Drawdown Indicators

	TSTX-U.TO	CBIL.TO	Difference
Max Drawdown Largest peak-to-trough decline	-0.90%	-0.15%	-0.75%
Max Drawdown (1Y) Largest decline over 1 year	—	-0.15%	—
Current Drawdown Current decline from peak	-0.82%	-0.15%	-0.67%
Average Drawdown Average peak-to-trough decline	-0.19%	0.00%	-0.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.01%	—

Volatility

Volatility by Period

	TSTX-U.TO	CBIL.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.16%	—
Volatility (6M) Calculated over the trailing 6-month period	—	0.23%	—
Volatility (1Y) Calculated over the trailing 1-year period	1.64%	0.28%	+1.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.64%	0.33%	+1.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.64%	0.33%	+1.31%