VSB.TO vs. CBIL.TO
Compare and contrast key facts about Vanguard Canadian Short Term Bond (VSB.TO) and Global X 0-3 Month T-Bill ETF (CBIL.TO).
VSB.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. VSB.TO is a passively managed fund by Vanguard that tracks the performance of the FTSE Canada Short Term Government Bond Index. It was launched on Nov 30, 2011. CBIL.TO is an actively managed fund by Global X. It was launched on Apr 12, 2023.
Performance
VSB.TO vs. CBIL.TO - Performance Comparison
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VSB.TO vs. CBIL.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
VSB.TO Vanguard Canadian Short Term Bond | 0.24% | 3.66% | 5.54% | 3.35% |
CBIL.TO Global X 0-3 Month T-Bill ETF | 0.30% | 2.68% | 4.47% | 3.36% |
Returns By Period
In the year-to-date period, VSB.TO achieves a 0.24% return, which is significantly lower than CBIL.TO's 0.30% return.
VSB.TO
- 1D
- 0.19%
- 1M
- -0.85%
- YTD
- 0.24%
- 6M
- 0.56%
- 1Y
- 2.23%
- 3Y*
- 4.20%
- 5Y*
- 1.92%
- 10Y*
- 1.92%
CBIL.TO
- 1D
- -0.15%
- 1M
- 0.04%
- YTD
- 0.30%
- 6M
- 0.93%
- 1Y
- 2.26%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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VSB.TO vs. CBIL.TO - Expense Ratio Comparison
VSB.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%.
Return for Risk
VSB.TO vs. CBIL.TO — Risk / Return Rank
VSB.TO
CBIL.TO
VSB.TO vs. CBIL.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Canadian Short Term Bond (VSB.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.
| VSB.TO | CBIL.TO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.21 | 8.16 | -6.95 |
Sortino ratioReturn per unit of downside risk | 1.63 | 13.19 | -11.56 |
Omega ratioGain probability vs. loss probability | 1.23 | 5.24 | -4.01 |
Calmar ratioReturn relative to maximum drawdown | 1.65 | 15.01 | -13.36 |
Martin ratioReturn relative to average drawdown | 6.59 | 204.88 | -198.29 |
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
| VSB.TO | CBIL.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.21 | 8.16 | -6.95 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.76 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.55 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.63 | 11.25 | -10.61 |
Correlation
The correlation between VSB.TO and CBIL.TO is 0.08, 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
VSB.TO vs. CBIL.TO - Dividend Comparison
VSB.TO's dividend yield for the trailing twelve months is around 3.01%, more than CBIL.TO's 2.27% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VSB.TO Vanguard Canadian Short Term Bond | 3.01% | 3.04% | 3.04% | 2.66% | 2.24% | 2.02% | 2.24% | 2.31% | 2.29% | 2.34% | 2.45% | 2.38% |
CBIL.TO Global X 0-3 Month T-Bill ETF | 2.27% | 2.59% | 4.38% | 3.39% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
VSB.TO vs. CBIL.TO - Drawdown Comparison
The maximum VSB.TO drawdown since its inception was -8.38%, 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 VSB.TO and CBIL.TO.
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Drawdown Indicators
| VSB.TO | CBIL.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.38% | -0.15% | -8.23% |
Max Drawdown (1Y)Largest decline over 1 year | -1.43% | -0.15% | -1.28% |
Max Drawdown (5Y)Largest decline over 5 years | -6.88% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -8.38% | — | — |
Current DrawdownCurrent decline from peak | -0.85% | -0.15% | -0.70% |
Average DrawdownAverage peak-to-trough decline | -0.95% | 0.00% | -0.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.36% | 0.01% | +0.35% |
Volatility
VSB.TO vs. CBIL.TO - Volatility Comparison
Vanguard Canadian Short Term Bond (VSB.TO) has a higher volatility of 0.94% compared to Global X 0-3 Month T-Bill ETF (CBIL.TO) at 0.16%. This indicates that VSB.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
| VSB.TO | CBIL.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.94% | 0.16% | +0.78% |
Volatility (6M)Calculated over the trailing 6-month period | 1.34% | 0.23% | +1.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.85% | 0.28% | +1.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.54% | 0.33% | +2.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.48% | 0.33% | +3.15% |