TSTX-U.TO vs. HBIL.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 Hamilton U.S. T-Bill YIELD MAXIMIZER ETF (CAD Hedged) (HBIL.TO).

TSTX-U.TO and HBIL.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. HBIL.TO is an actively managed fund by Hamilton Capital. It was launched on Sep 12, 2024.

Performance

TSTX-U.TO vs. HBIL.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 Hamilton U.S. T-Bill YIELD MAXIMIZER ETF (CAD Hedged) (HBIL.TO). The values are adjusted to include any dividend payments, if applicable.

TSTX-U.TO vs. HBIL.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%
HBIL.TO Hamilton U.S. T-Bill YIELD MAXIMIZER ETF (CAD Hedged)	-0.05%	0.24%

Returns By Period

In the year-to-date period, TSTX-U.TO achieves a -0.24% return, which is significantly lower than HBIL.TO's -0.05% return.

TSTX-U.TO

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

HBIL.TO

• 1D: -0.27%
• 1M: -0.95%
• YTD: -0.05%
• 6M: 0.35%
• 1Y: 1.57%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

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

TSTX-U.TO has a 0.15% expense ratio, which is lower than HBIL.TO's 0.35% expense ratio.

HBIL.TO

Hamilton U.S. T-Bill YIELD MAXIMIZER ETF (CAD Hedged)

TSTX-U.TO

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

Return for Risk

TSTX-U.TO vs. HBIL.TO — Risk / Return Rank

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

HBIL.TO

HBIL.TO Risk / Return Rank: 45
HBIL.TO Sharpe Ratio Rank: 47
HBIL.TO Sortino Ratio Rank: 43
HBIL.TO Omega Ratio Rank: 40
HBIL.TO Calmar Ratio Rank: 52
HBIL.TO Martin Ratio Rank: 41

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. HBIL.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 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.

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	HBIL.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.85	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.25	0.49	+0.76

Correlation

The correlation between TSTX-U.TO and HBIL.TO is 0.41, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

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

TSTX-U.TO's dividend yield for the trailing twelve months is around 1.41%, less than HBIL.TO's 6.67% yield.

	TTM	2025	2024
TSTX-U.TO Global X 1-3 Year U.S. Treasury Bond Index ETF	1.41%	0.84%	0.00%
HBIL.TO Hamilton U.S. T-Bill YIELD MAXIMIZER ETF (CAD Hedged)	6.67%	7.49%	2.58%

Drawdowns

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

The maximum TSTX-U.TO drawdown since its inception was -0.90%, smaller than the maximum HBIL.TO drawdown of -1.69%. Use the drawdown chart below to compare losses from any high point for TSTX-U.TO and HBIL.TO.

Drawdown Indicators

	TSTX-U.TO	HBIL.TO	Difference
Max Drawdown Largest peak-to-trough decline	-0.90%	-1.69%	+0.79%
Max Drawdown (1Y) Largest decline over 1 year	—	-1.30%	—
Current Drawdown Current decline from peak	-0.82%	-0.95%	+0.13%
Average Drawdown Average peak-to-trough decline	-0.19%	-0.48%	+0.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.45%	—

Volatility

Volatility by Period

	TSTX-U.TO	HBIL.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.72%	—
Volatility (6M) Calculated over the trailing 6-month period	—	1.14%	—
Volatility (1Y) Calculated over the trailing 1-year period	1.64%	1.86%	-0.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.64%	2.06%	-0.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.64%	2.06%	-0.42%