XSTH.TO vs. CBIL.TO
XSTH.TO (iShares 0-5 Year TIPS Bond Index ETF (CAD-Hedged)) and CBIL.TO (Global X 0-3 Month T-Bill ETF) are both exchange-traded funds - XSTH.TO is a Inflation-Protected Bonds fund tracking the Morningstar Gbl Core Bd GR CAD, while CBIL.TO is a Canadian Government Bonds fund actively managed by Global X. XSTH.TO is passively managed, while CBIL.TO is actively managed. Over the past 3 years, XSTH.TO returned 3.60%/yr vs 3.59%/yr for CBIL.TO. At a 0.03 correlation, their price movements are largely independent. XSTH.TO charges 0.16%/yr vs 0.10%/yr for CBIL.TO.
Performance
XSTH.TO vs. CBIL.TO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, XSTH.TO achieves a 0.45% return, which is significantly lower than CBIL.TO's 0.99% return.
XSTH.TO
- 1D
- 0.05%
- 1M
- -0.54%
- YTD
- 0.45%
- 6M
- 0.58%
- 1Y
- 1.70%
- 3Y*
- 3.60%
- 5Y*
- —
- 10Y*
- —
CBIL.TO
- 1D
- 0.02%
- 1M
- 0.20%
- YTD
- 0.99%
- 6M
- 1.06%
- 1Y
- 2.34%
- 3Y*
- 3.59%
- 5Y*
- —
- 10Y*
- —
XSTH.TO vs. CBIL.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
XSTH.TO iShares 0-5 Year TIPS Bond Index ETF (CAD-Hedged) | 0.45% | 4.20% | 3.68% | 1.60% |
CBIL.TO Global X 0-3 Month T-Bill ETF | 0.99% | 2.68% | 4.47% | 3.36% |
Correlation
The correlation between XSTH.TO and CBIL.TO is -0.02, 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 | -0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.02 |
Correlation (All Time) Calculated using the full available price history since Apr 14, 2023 | 0.03 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
XSTH.TO vs. CBIL.TO — Risk / Return Rank
XSTH.TO
CBIL.TO
XSTH.TO vs. CBIL.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares 0-5 Year TIPS Bond Index ETF (CAD-Hedged) (XSTH.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.
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.
| XSTH.TO | CBIL.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -8.54 | ||
| Sortino ratioReturn per unit of downside risk | -20.82 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 5.74 | -4.58 |
| Calmar ratioReturn relative to maximum drawdown | 1.14 | 58.67 | -57.52 |
| Martin ratioReturn relative to average drawdown | 4.24 | 328.45 | -324.20 |
Loading charts...
Drawdowns
XSTH.TO vs. CBIL.TO - Drawdown Comparison
The maximum XSTH.TO drawdown since its inception was -5.98%, 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 XSTH.TO and CBIL.TO.
Loading charts...
Drawdown Indicators
| XSTH.TO | CBIL.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.98% | -0.06% | -5.92% |
Max Drawdown (1Y)Largest decline over 1 year | -1.49% | -0.04% | -1.45% |
Max Drawdown (3Y)Largest decline over 3 years | -1.49% | -0.06% | -1.43% |
Current DrawdownCurrent decline from peak | -0.96% | 0.00% | -0.96% |
Average DrawdownAverage peak-to-trough decline | -1.55% | -0.00% | -1.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.40% | 0.01% | +0.39% |
Volatility
XSTH.TO vs. CBIL.TO - Volatility Comparison
iShares 0-5 Year TIPS Bond Index ETF (CAD-Hedged) (XSTH.TO) has a higher volatility of 1.00% compared to Global X 0-3 Month T-Bill ETF (CBIL.TO) at 0.06%. This indicates that XSTH.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.
Loading charts...
Volatility by Period
| XSTH.TO | CBIL.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.00% | 0.06% | +0.94% |
Volatility (6M)Calculated over the trailing 6-month period | 1.78% | 0.19% | +1.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.35% | 0.25% | +2.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.64% | 0.32% | +3.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.64% | 0.32% | +3.32% |
XSTH.TO vs. CBIL.TO - Expense Ratio Comparison
XSTH.TO has a 0.16% 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
XSTH.TO vs. CBIL.TO - Dividend Comparison
XSTH.TO's dividend yield for the trailing twelve months is around 3.58%, more than CBIL.TO's 2.29% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
CBIL.TO Global X 0-3 Month T-Bill ETF | 2.29% | 2.58% | 4.38% | 3.39% | 0.00% | 0.00% |
XSTH.TO iShares 0-5 Year TIPS Bond Index ETF (CAD-Hedged) | 3.58% | 3.94% | 2.53% | 3.15% | 6.07% | 2.05% |
Frequently Asked Questions
XSTH.TO and CBIL.TO have a correlation of -0.02, 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 0.16% for XSTH.TO.
XSTH.TO is categorized as Inflation-Protected Bonds, while CBIL.TO is Canadian Government Bonds. They also come from different issuers: iShares and Global X. Their fees differ too: 0.16% for XSTH.TO and 0.10% for CBIL.TO.
Find the right allocation for XSTH.TO and CBIL.TO
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer