XINC.TO vs. CBIL.TO
XINC.TO (iShares Core Income Balanced ETF Portfolio) and CBIL.TO (Global X 0-3 Month T-Bill ETF) are both exchange-traded funds - XINC.TO is a Diversified Portfolio fund actively managed by iShares, while CBIL.TO is a Canadian Government Bonds fund actively managed by Global X. Both are actively managed. Over the past 3 years, XINC.TO returned 7.62%/yr vs 3.63%/yr for CBIL.TO. At a correlation of -0.01, they often move in opposite directions. XINC.TO charges 0.20%/yr vs 0.10%/yr for CBIL.TO.
Performance
XINC.TO vs. CBIL.TO - Performance Comparison
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Returns By Period
In the year-to-date period, XINC.TO achieves a 3.43% return, which is significantly higher than CBIL.TO's 0.85% return.
XINC.TO
- 1D
- -0.14%
- 1M
- 1.69%
- YTD
- 3.43%
- 6M
- 3.01%
- 1Y
- 8.23%
- 3Y*
- 7.62%
- 5Y*
- 3.17%
- 10Y*
- —
CBIL.TO
- 1D
- 0.02%
- 1M
- 0.20%
- YTD
- 0.85%
- 6M
- 1.08%
- 1Y
- 2.34%
- 3Y*
- 3.63%
- 5Y*
- —
- 10Y*
- —
XINC.TO vs. CBIL.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
XINC.TO iShares Core Income Balanced ETF Portfolio | 3.43% | 6.71% | 7.76% | 4.96% |
CBIL.TO Global X 0-3 Month T-Bill ETF | 0.85% | 2.68% | 4.47% | 3.36% |
Correlation
The correlation between XINC.TO and CBIL.TO is -0.07, 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 | -0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.01 |
Correlation (All Time) Calculated using the full available price history since Apr 17, 2023 | -0.01 |
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Return for Risk
XINC.TO vs. CBIL.TO — Risk / Return Rank
XINC.TO
CBIL.TO
XINC.TO vs. CBIL.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core Income Balanced ETF Portfolio (XINC.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.
| XINC.TO | CBIL.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -7.79 | ||
| Sortino ratioReturn per unit of downside risk | -21.15 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 5.38 | -4.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.27 | 58.74 | -56.47 |
| Martin ratioReturn relative to average drawdown | 8.55 | 339.60 | -331.05 |
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
| XINC.TO | CBIL.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.68 | 9.47 | -7.79 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.50 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.55 | 11.64 | -11.08 |
Drawdowns
XINC.TO vs. CBIL.TO - Drawdown Comparison
The maximum XINC.TO drawdown since its inception was -15.40%, 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 XINC.TO and CBIL.TO.
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Drawdown Indicators
| XINC.TO | CBIL.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.40% | -0.06% | -15.34% |
Max Drawdown (1Y)Largest decline over 1 year | -3.65% | -0.04% | -3.61% |
Max Drawdown (3Y)Largest decline over 3 years | -4.36% | -0.06% | -4.30% |
Max Drawdown (5Y)Largest decline over 5 years | -15.40% | — | — |
Current DrawdownCurrent decline from peak | -0.14% | 0.00% | -0.14% |
Average DrawdownAverage peak-to-trough decline | -3.75% | -0.00% | -3.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.97% | 0.01% | +0.96% |
Volatility
XINC.TO vs. CBIL.TO - Volatility Comparison
iShares Core Income Balanced ETF Portfolio (XINC.TO) has a higher volatility of 2.00% compared to Global X 0-3 Month T-Bill ETF (CBIL.TO) at 0.08%. This indicates that XINC.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
| XINC.TO | CBIL.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.00% | 0.08% | +1.92% |
Volatility (6M)Calculated over the trailing 6-month period | 4.13% | 0.19% | +3.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.93% | 0.25% | +4.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.43% | 0.31% | +6.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.73% | 0.31% | +6.42% |
XINC.TO vs. CBIL.TO - Expense Ratio Comparison
XINC.TO has a 0.20% 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%.
Dividends
XINC.TO vs. CBIL.TO - Dividend Comparison
XINC.TO's dividend yield for the trailing twelve months is around 3.19%, more than CBIL.TO's 2.29% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
CBIL.TO Global X 0-3 Month T-Bill ETF | 2.29% | 2.59% | 4.38% | 3.39% | 0.00% | 0.00% | 0.00% | 0.00% |
XINC.TO iShares Core Income Balanced ETF Portfolio | 3.19% | 3.16% | 2.81% | 2.87% | 2.54% | 2.02% | 2.40% | 0.93% |
Frequently Asked Questions
XINC.TO and CBIL.TO have a correlation of -0.07, 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 0.20% for XINC.TO.
XINC.TO is categorized as Diversified Portfolio, while CBIL.TO is Canadian Government Bonds. They also come from different issuers: iShares and Global X. Their fees differ too: 0.20% for XINC.TO and 0.10% for CBIL.TO.
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