SPDR Bloomberg 1-3 Month T-Bill ETF (BIL)

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SPDR Bloomberg 1-3 Month T-Bill ETF (BIL) is up 1.5% since the beginning of the year. BIL is currently trading at $91 per share. Investors who bought $1,000 worth of BIL shares 5 years ago would now be looking at an investment worth $1,183.

SPDR Bloomberg 1-3 Month T-Bill ETF (BIL) has returned 1.54% so far this year and 3.88% over the past 12 months. Over the last ten years, BIL has returned 2.19% per year, falling short of the S&P 500 Index benchmark, which averaged 13.45% annually.

Based on dividend-adjusted daily data since May 30, 2007, BIL's average daily return is +0.01%, while the average monthly return is +0.11%. At this rate, an investment would double in approximately 52.5 years.

Historically, 61% of months were positive and 39% were negative. The best month was Sep 2008 with a return of +0.5%, while the worst month was Oct 2008 at -0.2%. The longest winning streak lasted 50 consecutive months, and the longest losing streak was 13 months.

On a daily basis, BIL closed higher 44% of trading days. The best single day was Sep 17, 2008 with a return of +0.4%, while the worst single day was Oct 13, 2008 at -0.4%.

SPDR Bloomberg 1-3 Month T-Bill ETF has an annualized alpha of 1.39%, beta of -0.00, and R2 of 0.01 versus S&P 500 Index. Calculated based on daily prices since May 30, 2007.

• This ETF captured 2.60% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -3.90%) - a profile typical of hedging or uncorrelated assets.
• Beta of -0.00 may look defensive, but with R2 of 0.01 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
• R2 of 0.01 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

BIL has an expense ratio of 0.14%, which is considered low.

BIL ranks 100 for risk / return — in the top 100% of ETFs on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.

The table below present risk-adjusted performance metrics for SPDR Bloomberg 1-3 Month T-Bill ETF (BIL) and compare them to S&P 500 Index.

SPDR Bloomberg 1-3 Month T-Bill ETF provided a 3.86% dividend yield over the last twelve months, with an annual payout of $3.53 per share.

The table displays the monthly dividend distributions for SPDR Bloomberg 1-3 Month T-Bill ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the SPDR Bloomberg 1-3 Month T-Bill ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the SPDR Bloomberg 1-3 Month T-Bill ETF was 0.78%, occurring on Dec 9, 2015. Recovery took 509 trading sessions.

The chart below shows the rolling one-month volatility.