SPDR Bloomberg 3-12 Month T-Bill ETF (BILS)

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The chart shows the growth of an initial investment of $10,000 in SPDR Bloomberg 3-12 Month T-Bill ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.

SPDR Bloomberg 3-12 Month T-Bill ETF (BILS) has returned 0.80% so far this year and 3.99% over the past 12 months.

Based on dividend-adjusted daily data since Sep 24, 2020, BILS's average daily return is +0.01%, while the average monthly return is +0.23%. At this rate, your investment would double in approximately 25.1 years.

Historically, 73% of months were positive and 27% were negative. The best month was Nov 2023 with a return of +0.5%, while the worst month was Jun 2022 at -0.1%. The longest winning streak lasted 45 consecutive months, and the longest losing streak was 7 months.

On a daily basis, BILS closed higher 59% of trading days. The best single day was Mar 13, 2023 with a return of +0.2%, while the worst single day was Jun 13, 2022 at -0.1%.

SPDR Bloomberg 3-12 Month T-Bill ETF has an annualized alpha of 2.88%, beta of -0.00, and R² of 0.00 versus S&P 500 Index. Calculated based on daily prices since September 25, 2020.

• This ETF captured 5.28% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -7.12%) — a profile typical of hedging or uncorrelated assets.
• Beta of -0.00 may look defensive, but with R² of 0.00 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 0.00 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.

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

BILS 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 3-12 Month T-Bill ETF (BILS) and compare them to a chosen benchmark (S&P 500 Index).

SPDR Bloomberg 3-12 Month T-Bill ETF provided a 3.96% dividend yield over the last twelve months, with an annual payout of $3.93 per share.

The table displays the monthly dividend distributions for SPDR Bloomberg 3-12 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 3-12 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 3-12 Month T-Bill ETF was 0.41%, occurring on Jun 14, 2022. Recovery took 74 trading sessions.

The chart below shows the rolling one-month volatility.