XLK vs. CBIL.TO
XLK (State Street Technology Select Sector SPDR ETF) and CBIL.TO (Global X 0-3 Month T-Bill ETF) are both exchange-traded funds - XLK is a Technology Equities fund tracking the S&P Technology Select Sector Daily Capped 35/20 Index, while CBIL.TO is a Canadian Government Bonds fund actively managed by Global X. XLK is passively managed, while CBIL.TO is actively managed. Over the past 3 years, XLK returned 30.28%/yr vs 2.05%/yr for CBIL.TO. At a 0.06 correlation, their price movements are largely independent. XLK charges 0.08%/yr vs 0.10%/yr for CBIL.TO.
Performance
XLK vs. CBIL.TO - Performance Comparison
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Different Trading Currencies
XLK is traded in USD, while CBIL.TO is traded in CAD. To make them comparable, the CBIL.TO values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, XLK achieves a 28.52% return, which is significantly higher than CBIL.TO's -1.18% return.
XLK
- 1D
- 0.87%
- 1M
- 2.95%
- YTD
- 28.52%
- 6M
- 28.96%
- 1Y
- 55.42%
- 3Y*
- 30.28%
- 5Y*
- 22.02%
- 10Y*
- 25.19%
CBIL.TO
- 1D
- -0.27%
- 1M
- -1.87%
- YTD
- -1.18%
- 6M
- -0.45%
- 1Y
- 0.01%
- 3Y*
- 2.05%
- 5Y*
- —
- 10Y*
- —
XLK vs. CBIL.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
XLK State Street Technology Select Sector SPDR ETF | 28.52% | 24.61% | 21.63% | 29.60% |
CBIL.TO Global X 0-3 Month T-Bill ETF | -1.07% | 7.59% | -3.68% | 4.22% |
Correlation
The correlation between XLK and CBIL.TO is 0.04, 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 | 0.04 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.07 |
Correlation (All Time) Calculated using the full available price history since Apr 14, 2023 | 0.06 |
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Return for Risk
XLK vs. CBIL.TO — Risk / Return Rank
XLK
CBIL.TO
XLK vs. CBIL.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street Technology Select Sector SPDR ETF (XLK) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| XLK | CBIL.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.37 | ||
| Sortino ratioReturn per unit of downside risk | +2.88 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.00 | +0.39 |
| Calmar ratioReturn relative to maximum drawdown | 3.36 | 0.00 | +3.36 |
| Martin ratioReturn relative to average drawdown | 10.85 | 0.00 | +10.85 |
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Drawdowns
XLK vs. CBIL.TO - Drawdown Comparison
The maximum XLK drawdown since its inception was -82.05%, which is greater than CBIL.TO's maximum drawdown of -7.62%. Use the drawdown chart below to compare losses from any high point for XLK and CBIL.TO.
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Drawdown Indicators
| XLK | CBIL.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.05% | -7.62% | -74.43% |
Max Drawdown (1Y)Largest decline over 1 year | -15.92% | -2.98% | -12.94% |
Max Drawdown (3Y)Largest decline over 3 years | -25.66% | -7.62% | -18.04% |
Max Drawdown (5Y)Largest decline over 5 years | -33.56% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -33.56% | — | — |
Current DrawdownCurrent decline from peak | -6.77% | -2.78% | -3.99% |
Average DrawdownAverage peak-to-trough decline | -34.93% | -1.87% | -33.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.92% | 1.55% | +3.37% |
Volatility
XLK vs. CBIL.TO - Volatility Comparison
State Street Technology Select Sector SPDR ETF (XLK) has a higher volatility of 10.86% compared to Global X 0-3 Month T-Bill ETF (CBIL.TO) at 0.77%. This indicates that XLK'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
| XLK | CBIL.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.86% | 0.77% | +10.09% |
Volatility (6M)Calculated over the trailing 6-month period | 18.92% | 3.24% | +15.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.55% | 4.42% | +18.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.18% | 5.42% | +19.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.64% | 5.42% | +19.22% |
XLK vs. CBIL.TO - Expense Ratio Comparison
XLK has a 0.08% expense ratio, which is lower than CBIL.TO's 0.10% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
XLK vs. CBIL.TO - Dividend Comparison
XLK's dividend yield for the trailing twelve months is around 0.41%, less than CBIL.TO's 2.29% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CBIL.TO Global X 0-3 Month T-Bill ETF | 2.29% | 2.58% | 4.38% | 3.39% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XLK State Street Technology Select Sector SPDR ETF | 0.41% | 0.54% | 0.66% | 0.76% | 1.04% | 0.65% | 0.92% | 1.16% | 1.60% | 1.37% | 1.74% | 1.79% |
Frequently Asked Questions
XLK and CBIL.TO have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XLK is cheaper at 0.08% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XLK is cheaper with a 0.08% expense ratio, compared with 0.10% for CBIL.TO.
XLK is categorized as Technology Equities, while CBIL.TO is Canadian Government Bonds. They also come from different issuers: State Street and Global X. Their fees differ too: 0.08% for XLK and 0.10% for CBIL.TO.
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