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SPDR Barclays 1-3 Month T-Bill ETF (BIL)
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

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

ETF · Currency in USD · Last updated May 13, 2025

SPDR Bloomberg Barclays 1-3 Month T-Bill ETF is a passive ETF managed by State Street Global Advisors. It aims to track the investment results of the Barclays Capital U.S. 1-3 Month Treasury Bill Index. Launched on May 25, 2007, BIL offers investors exposure to short-term U.S. government debt with a low expense ratio of 0.14%.

The ETF primarily invests in 1-3 month U.S. Treasury bills, providing investors with a secure, low-risk investment option for preserving capital and generating income. BIL might be suitable for conservative investors seeking stability and a short-term, liquid alternative to cash investments.

ETF Info

ISIN

US78468R6633

CUSIP

78464A680

Issuer

State Street

Inception Date

May 25, 2007

Region

North America (U.S.)

Category

Government Bonds

Leveraged

1x

Index Tracked

Barclays Capital U.S. 1-3 Month Treasury Bill Index

Home Page

www.ssga.com

Asset Class

Bond

Expense Ratio

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

Share Price Chart

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Compare to other instruments

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

Popular comparisons:
BIL vs. SGOV BIL vs. SHV BIL vs. TFLO BIL vs. SWVXX BIL vs. SHY BIL vs. SCHO BIL vs. GBIL BIL vs. SPAXX BIL vs. BSV BIL vs. SPTS
Popular comparisons:
BIL vs. SGOV BIL vs. SHV BIL vs. TFLO BIL vs. SWVXX BIL vs. SHY BIL vs. SCHO BIL vs. GBIL BIL vs. SPAXX BIL vs. BSV BIL vs. SPTS

Performance

Performance Chart

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Returns By Period

SPDR Barclays 1-3 Month T-Bill ETF (BIL) returned 1.48% year-to-date (YTD) and 4.76% over the past 12 months. Over the past 10 years, BIL returned 1.77% annually, underperforming the S&P 500 benchmark at 10.69%.

BIL

YTD

1.48%

1M

0.31%

6M

2.13%

1Y

4.76%

5Y*

2.57%

10Y*

1.77%

^GSPC (Benchmark)

YTD

-0.64%

1M

8.97%

6M

-2.62%

1Y

11.90%

5Y*

15.76%

10Y*

10.69%

*Annualized

Monthly Returns

The table below presents the monthly returns of BIL, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.

JanFebMarAprMayJunJulAugSepOctNovDecTotal
20250.35%0.32%0.33%0.34%0.13%1.48%
20240.43%0.44%0.41%0.43%0.46%0.40%0.45%0.46%0.42%0.40%0.37%0.40%5.20%
20230.28%0.35%0.40%0.36%0.38%0.46%0.39%0.50%0.40%0.43%0.47%0.43%4.94%
2022-0.00%-0.02%0.05%-0.01%0.03%0.08%0.04%0.19%0.21%0.16%0.31%0.36%1.40%
20210.00%-0.01%-0.01%0.00%-0.01%-0.02%-0.01%-0.01%0.01%-0.01%-0.02%-0.00%-0.10%
20200.12%0.12%0.20%-0.02%-0.02%0.00%0.01%0.00%-0.02%0.01%-0.01%0.00%0.40%
20190.17%0.19%0.17%0.19%0.21%0.18%0.18%0.17%0.16%0.16%0.11%0.11%2.03%
20180.13%0.08%0.13%0.10%0.15%0.15%0.14%0.16%0.14%0.17%0.19%0.18%1.74%
20170.04%0.05%-0.02%0.08%0.01%0.10%0.03%0.11%0.07%0.07%0.05%0.07%0.69%
20160.02%0.00%-0.00%0.04%-0.00%-0.02%0.04%0.00%0.02%0.02%-0.04%0.02%0.11%
2015-0.02%0.00%0.00%-0.02%-0.02%-0.00%0.00%-0.00%-0.04%-0.02%0.02%-0.02%-0.13%
20140.00%0.02%-0.02%-0.00%-0.00%-0.02%-0.02%0.02%-0.00%-0.02%0.00%-0.02%-0.07%

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

With an overall rank of 100, BIL is among the top 0% of ETFs on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.

The Risk-Adjusted Performance Rank of BIL is 100100
Overall Rank
The Sharpe Ratio Rank of BIL is 100100
Sharpe Ratio Rank
The Sortino Ratio Rank of BIL is 100100
Sortino Ratio Rank
The Omega Ratio Rank of BIL is 100100
Omega Ratio Rank
The Calmar Ratio Rank of BIL is 100100
Calmar Ratio Rank
The Martin Ratio Rank of BIL is 100100
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

Risk-Adjusted Performance Indicators

The charts below present risk-adjusted performance metrics for SPDR Barclays 1-3 Month T-Bill ETF (BIL) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.

The Sharpe ratio helps investors understand how much return they're getting for the level of risk taken. A higher Sharpe ratio indicates better risk-adjusted performance, meaning more reward for each unit of risk.

SPDR Barclays 1-3 Month T-Bill ETF Sharpe ratios as of May 13, 2025 (values are recalculated daily):

  • 1-Year: 20.77
  • 5-Year: 9.71
  • 10-Year: 6.72
  • All Time: 2.49

These values reflect how efficiently the investment has delivered returns relative to its volatility over different time periods. All figures are annualized and based on daily total returns (including price changes and dividends).

The chart below shows the rolling Sharpe ratio of SPDR Barclays 1-3 Month T-Bill ETF compared to the selected benchmark. This view highlights how the investment's risk-adjusted performance has changed over time. For deeper analysis or to customize the calculation, use the Sharpe ratio tool.

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Dividends

Dividend History

SPDR Barclays 1-3 Month T-Bill ETF provided a 4.69% dividend yield over the last twelve months, with an annual payout of $4.29 per share. The fund has been increasing its distributions for 2 consecutive years.

0.00%1.00%2.00%3.00%4.00%5.00%$0.00$1.00$2.00$3.00$4.00$5.00201620172018201920202021202220232024
Dividends
Dividend Yield
PeriodTTM202420232022202120202019201820172016
Dividend$4.29$4.60$4.50$1.24$0.00$0.28$1.87$1.52$0.63$0.06

Dividend yield

4.69%5.03%4.92%1.35%0.00%0.30%2.05%1.66%0.68%0.07%

Monthly Dividends

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

JanFebMarAprMayJunJulAugSepOctNovDecTotal
2025$0.00$0.33$0.29$0.32$0.31$1.25
2024$0.00$0.41$0.36$0.40$0.39$0.41$0.39$0.40$0.40$0.37$0.36$0.72$4.60
2023$0.00$0.34$0.26$0.37$0.35$0.37$0.37$0.39$0.40$0.39$0.41$0.84$4.50
2022$0.00$0.00$0.02$0.00$0.00$0.03$0.05$0.10$0.14$0.16$0.21$0.53$1.24
2021$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00
2020$0.00$0.11$0.10$0.05$0.01$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.28
2019$0.00$0.18$0.17$0.18$0.17$0.18$0.17$0.15$0.17$0.14$0.14$0.23$1.87
2018$0.00$0.09$0.08$0.11$0.11$0.13$0.13$0.13$0.14$0.15$0.15$0.32$1.52
2017$0.00$0.03$0.02$0.03$0.03$0.05$0.05$0.06$0.07$0.06$0.07$0.15$0.63
2016$0.06$0.06

Drawdowns

Drawdowns Chart

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.

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Worst Drawdowns

The table below displays the maximum drawdowns of the SPDR Barclays 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 Barclays 1-3 Month T-Bill ETF was 0.77%, occurring on Oct 17, 2008. Recovery took 61 trading sessions.

Depth

Start

To Bottom

Bottom

To Recover

End

Total

-0.77%Sep 30, 200814Oct 17, 200861Jan 15, 200975
-0.63%Sep 18, 20082Sep 19, 20086Sep 29, 20088
-0.45%Jan 16, 20091772Feb 1, 2016375Jul 27, 20172147
-0.24%Aug 21, 20075Aug 27, 20078Sep 7, 200713
-0.21%Mar 23, 2020480Feb 14, 2022116Aug 2, 2022596

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.

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