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XTLT.TO vs. HBIL-U.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XTLT.TO vs. HBIL-U.TO

Last updated Jul 18, 2026
Documentation

XTLT.TO (iShares 20+ Year U.S. Treasury Bond Index ETF) and HBIL-U.TO (Hamilton U.S. T-Bill YIELD MAXIMIZER ETF USD Unhedged Units) are both Government Bonds funds. XTLT.TO is passively managed, while HBIL-U.TO is actively managed. Over the past year, XTLT.TO returned 4.59% vs 6.60% for HBIL-U.TO. At a 0.26 correlation, their price movements are largely independent.

Performance

XTLT.TO vs. HBIL-U.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares 20+ Year U.S. Treasury Bond Index ETF (XTLT.TO) and Hamilton U.S. T-Bill YIELD MAXIMIZER ETF USD Unhedged Units (HBIL-U.TO). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

XTLT.TO is traded in CAD, while HBIL-U.TO is traded in USD. To make them comparable, the HBIL-U.TO values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, XTLT.TO achieves a 1.17% return, which is significantly lower than HBIL-U.TO's 3.86% return.

XTLT.TO

1D
0.12%
1M
-2.50%
6M
-0.93%
YTD
1.17%
1Y
4.59%
3Y*
-1.02%
5Y*
—
10Y*
—

HBIL-U.TO

1D
-0.00%
1M
0.12%
6M
2.21%
YTD
3.86%
1Y
6.60%
3Y*
—
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

XTLT.TO vs. HBIL-U.TO - Yearly Performance Comparison

2026 (YTD)20252024
XTLT.TO
iShares 20+ Year U.S. Treasury Bond Index ETF		1.17%-1.66%-8.77%
HBIL-U.TO
Hamilton U.S. T-Bill YIELD MAXIMIZER ETF USD Unhedged Units		3.86%0.03%4.69%

Correlation

The correlation between XTLT.TO and HBIL-U.TO is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.26

Correlation (All Time)
Calculated using the full available price history since Sep 16, 2024

0.26

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares 20+ Year U.S. Treasury Bond Index ETF

Hamilton U.S. T-Bill YIELD MAXIMIZER ETF USD Unhedged Units

Often compared with XTLT.TO:
XTLT.TO vs. XTLH.TOXTLT.TO vs. TLTXTLT.TO vs. XLB.TOXTLT.TO vs. XBBXTLT.TO vs. EDVXTLT.TO vs. XBB.TOXTLT.TO vs. DGRO
Often compared with HBIL-U.TO:
HBIL-U.TO vs. HYLD-U.TOHBIL-U.TO vs. HTB.TOHBIL-U.TO vs. TULB.TOHBIL-U.TO vs. ZPL.TOHBIL-U.TO vs. BANK.TOHBIL-U.TO vs. HBND.TOHBIL-U.TO vs. MIX.TO

Return for Risk

XTLT.TO vs. HBIL-U.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XTLT.TO
XTLT.TO Risk / Return Rank: 1616
Overall Rank
XTLT.TO Sharpe Ratio Rank: 1818
Sharpe Ratio Rank
XTLT.TO Sortino Ratio Rank: 1717
Sortino Ratio Rank
XTLT.TO Omega Ratio Rank: 1616
Omega Ratio Rank
XTLT.TO Calmar Ratio Rank: 1616
Calmar Ratio Rank
XTLT.TO Martin Ratio Rank: 1515
Martin Ratio Rank
HBIL-U.TO
HBIL-U.TO Risk / Return Rank: 8989
Overall Rank
HBIL-U.TO Sharpe Ratio Rank: 8787
Sharpe Ratio Rank
HBIL-U.TO Sortino Ratio Rank: 8686
Sortino Ratio Rank
HBIL-U.TO Omega Ratio Rank: 9393
Omega Ratio Rank
HBIL-U.TO Calmar Ratio Rank: 8888
Calmar Ratio Rank
HBIL-U.TO Martin Ratio Rank: 8989
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

XTLT.TO vs. HBIL-U.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares 20+ Year U.S. Treasury Bond Index ETF (XTLT.TO) and Hamilton U.S. T-Bill YIELD MAXIMIZER ETF USD Unhedged Units (HBIL-U.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.

XTLT.TOHBIL-U.TODifference
Sharpe ratioReturn per unit of total volatility
0.45
1.42

-0.96

Sortino ratioReturn per unit of downside risk
0.73
2.03

-1.31

Omega ratioGain probability vs. loss probability

1.08

1.25

-0.17

Calmar ratioReturn relative to maximum drawdown

0.45

1.65

-1.21

Martin ratioReturn relative to average drawdown

0.91

4.19

-3.28

XTLT.TO vs. HBIL-U.TO - Sharpe Ratio Comparison

The current XTLT.TO Sharpe Ratio is 0.45, which is lower than the HBIL-U.TO Sharpe Ratio of 1.42. The chart below compares the historical Sharpe Ratios of XTLT.TO and HBIL-U.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

XTLT.TO vs. HBIL-U.TO - Drawdown Comparison

The maximum XTLT.TO drawdown since its inception was -21.04%, which is greater than HBIL-U.TO's maximum drawdown of -6.68%. Use the drawdown chart below to compare losses from any high point for XTLT.TO and HBIL-U.TO.

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Drawdown Indicators

XTLT.TOHBIL-U.TODifference

Max Drawdown

Largest peak-to-trough decline

-21.04%

-6.68%

-14.36%

Max Drawdown (1Y)

Largest decline over 1 year

-10.26%

-4.01%

-6.25%

Max Drawdown (3Y)

Largest decline over 3 years

-15.30%

—

—

Current Drawdown

Current decline from peak

-10.90%

-2.20%

-8.70%

Average Drawdown

Average peak-to-trough decline

-9.46%

-2.26%

-7.20%

Ulcer Index

Depth and duration of drawdowns from previous peaks

5.06%

1.58%

+3.48%

Volatility

XTLT.TO vs. HBIL-U.TO - Volatility Comparison

iShares 20+ Year U.S. Treasury Bond Index ETF (XTLT.TO) has a higher volatility of 2.89% compared to Hamilton U.S. T-Bill YIELD MAXIMIZER ETF USD Unhedged Units (HBIL-U.TO) at 1.82%. This indicates that XTLT.TO's price experiences larger fluctuations and is considered to be riskier than HBIL-U.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

XTLT.TOHBIL-U.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

2.89%

1.82%

+1.07%

Volatility (6M)

Calculated over the trailing 6-month period

7.50%

3.60%

+3.90%

Volatility (1Y)

Calculated over the trailing 1-year period

10.20%

4.68%

+5.52%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.08%

5.85%

+8.23%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.08%

5.85%

+8.23%

Dividends

XTLT.TO vs. HBIL-U.TO - Dividend Comparison

XTLT.TO's dividend yield for the trailing twelve months is around 5.16%, less than HBIL-U.TO's 6.74% yield.

PositionTTM202520242023
HBIL-U.TO
Hamilton U.S. T-Bill YIELD MAXIMIZER ETF USD Unhedged Units		6.74%7.37%2.40%0.00%
XTLT.TO
iShares 20+ Year U.S. Treasury Bond Index ETF		5.16%4.63%4.21%2.85%

Frequently Asked Questions

XTLT.TO and HBIL-U.TO have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

They also come from different issuers: iShares and Hamilton.

Portfolio Optimizer

Find the right allocation for XTLT.TO and HBIL-U.TO

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

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