XSE.TO vs. TBIL
Compare and contrast key facts about iShares Conservative Strategic Fixed Income ETF (XSE.TO) and US Treasury 3 Month Bill ETF (TBIL).
XSE.TO and TBIL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XSE.TO is an actively managed fund by iShares. It was launched on Sep 1, 2015. TBIL is a passively managed fund by US Benchmark Series that tracks the performance of the ICE BofA US Treasury Bill 3 Month Index. It was launched on Aug 8, 2022.
Performance
XSE.TO vs. TBIL - Performance Comparison
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XSE.TO vs. TBIL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
XSE.TO iShares Conservative Strategic Fixed Income ETF | -0.29% | 2.95% | 3.11% | 6.75% | -3.13% |
TBIL US Treasury 3 Month Bill ETF | 2.23% | -0.59% | 14.18% | 2.80% | 6.47% |
Different Trading Currencies
XSE.TO is traded in CAD, while TBIL is traded in USD. To make them comparable, the TBIL values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, XSE.TO achieves a -0.29% return, which is significantly lower than TBIL's 2.23% return.
XSE.TO
- 1D
- 0.23%
- 1M
- -1.83%
- YTD
- -0.29%
- 6M
- -0.43%
- 1Y
- 1.02%
- 3Y*
- 3.21%
- 5Y*
- 0.30%
- 10Y*
- 1.96%
TBIL
- 1D
- -0.11%
- 1M
- 2.30%
- YTD
- 2.23%
- 6M
- 1.80%
- 1Y
- 0.59%
- 3Y*
- 5.71%
- 5Y*
- —
- 10Y*
- —
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XSE.TO vs. TBIL - Expense Ratio Comparison
XSE.TO has a 0.55% expense ratio, which is higher than TBIL's 0.15% expense ratio.
Return for Risk
XSE.TO vs. TBIL — Risk / Return Rank
XSE.TO
TBIL
XSE.TO vs. TBIL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Conservative Strategic Fixed Income ETF (XSE.TO) and US Treasury 3 Month Bill ETF (TBIL). 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.
| XSE.TO | TBIL | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.25 | 0.11 | +0.14 |
Sortino ratioReturn per unit of downside risk | 0.37 | 0.18 | +0.19 |
Omega ratioGain probability vs. loss probability | 1.05 | 1.02 | +0.02 |
Calmar ratioReturn relative to maximum drawdown | 0.43 | 0.24 | +0.20 |
Martin ratioReturn relative to average drawdown | 1.15 | 0.45 | +0.70 |
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
| XSE.TO | TBIL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.25 | 0.11 | +0.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.05 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.22 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.23 | 1.12 | -0.89 |
Correlation
The correlation between XSE.TO and TBIL is -0.10. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
XSE.TO vs. TBIL - Dividend Comparison
XSE.TO's dividend yield for the trailing twelve months is around 4.30%, which matches TBIL's 4.28% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XSE.TO iShares Conservative Strategic Fixed Income ETF | 4.30% | 4.24% | 3.65% | 3.36% | 2.67% | 2.63% | 2.62% | 2.82% | 2.89% | 3.62% | 3.95% | 1.39% |
TBIL US Treasury 3 Month Bill ETF | 4.28% | 4.07% | 5.02% | 5.00% | 1.10% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
XSE.TO vs. TBIL - Drawdown Comparison
The maximum XSE.TO drawdown since its inception was -22.43%, which is greater than TBIL's maximum drawdown of -5.18%. Use the drawdown chart below to compare losses from any high point for XSE.TO and TBIL.
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Drawdown Indicators
| XSE.TO | TBIL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.43% | -0.10% | -22.33% |
Max Drawdown (1Y)Largest decline over 1 year | -2.87% | -0.02% | -2.85% |
Max Drawdown (5Y)Largest decline over 5 years | -15.91% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -22.43% | — | — |
Current DrawdownCurrent decline from peak | -3.55% | 0.00% | -3.55% |
Average DrawdownAverage peak-to-trough decline | -4.82% | 0.00% | -4.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.08% | 0.00% | +1.08% |
Volatility
XSE.TO vs. TBIL - Volatility Comparison
iShares Conservative Strategic Fixed Income ETF (XSE.TO) has a higher volatility of 1.54% compared to US Treasury 3 Month Bill ETF (TBIL) at 1.37%. This indicates that XSE.TO's price experiences larger fluctuations and is considered to be riskier than TBIL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XSE.TO | TBIL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.54% | 1.37% | +0.17% |
Volatility (6M)Calculated over the trailing 6-month period | 2.31% | 3.45% | -1.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.02% | 5.38% | -1.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.56% | 6.08% | -0.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.01% | 6.08% | +2.93% |