- ISIN
- US74933W4603
- Issuer
- US Benchmark Series
- Inception Date
- Mar 6, 2023
- Category
- Ultrashort Bond
- Leveraged
- 1x (No leverage)
- Index Tracked
- ICE BofA US 6-Month Treasury Bill Index - Benchmark TR Gross
- Distribution Policy
- Distributing
- Asset Class
- Bond
- Assets Under Management
- $745M
Share Price Chart
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Performance
XBIL Performance Chart
US Treasury 6 Month Bill ETF (XBIL) is up 1.6% since the beginning of the year. XBIL is currently trading at $50 per share.
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Returns By Period
US Treasury 6 Month Bill ETF (XBIL) has returned 1.56% so far this year and 3.84% over the past 12 months.
US Treasury 6 Month Bill ETF
- 1D
- -0.01%
- 1M
- 0.21%
- YTD
- 1.56%
- 6M
- 1.65%
- 1Y
- 3.84%
- 3Y*
- 4.59%
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
XBIL Monthly Returns History
Based on dividend-adjusted daily data since Mar 7, 2023, XBIL's average daily return is +0.02%, while the average monthly return is +0.37%. At this rate, an investment would double in approximately 15.6 years.
Historically, 100% of months were positive and 0% were negative. The best month was Aug 2024 with a return of +0.5%, while the worst month was Jun 2026 at 0.2%. The longest winning streak lasted 40 consecutive months, and the longest losing streak was 0 months.
On a daily basis, XBIL closed higher 69% of trading days. The best single day was Mar 13, 2023 with a return of +0.2%, while the worst single day was Mar 16, 2023 at -0.1%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.28% | 0.25% | 0.27% | 0.31% | 0.28% | 0.15% | 1.56% | ||||||
| 2025 | 0.34% | 0.34% | 0.29% | 0.37% | 0.29% | 0.33% | 0.33% | 0.45% | 0.35% | 0.35% | 0.28% | 0.37% | 4.17% |
| 2024 | 0.36% | 0.36% | 0.41% | 0.39% | 0.45% | 0.40% | 0.52% | 0.54% | 0.47% | 0.32% | 0.37% | 0.44% | 5.16% |
| 2023 | 0.48% | 0.28% | 0.24% | 0.49% | 0.38% | 0.50% | 0.41% | 0.45% | 0.50% | 0.48% | 4.28% |
Benchmark Metrics
US Treasury 6 Month Bill ETF has an annualized alpha of 4.67%, beta of -0.00, and R2 of 0.00 versus S&P 500 Index. Calculated based on daily prices since March 07, 2023.
- This ETF captured 9.07% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -16.53%) - 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.
- Alpha
- 4.67%
- Beta
- -0.00
- R²
- 0.00
- Upside Capture
- 9.07%
- Downside Capture
- -16.53%
Expense Ratio
XBIL has an expense ratio of 0.15%, which is considered low.
Return for Risk
Risk / Return Rank
XBIL 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.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for US Treasury 6 Month Bill ETF (XBIL) and compare them to S&P 500 Index.
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.
| XBIL | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +10.58 | ||
| Sortino ratioReturn per unit of downside risk | +35.92 | ||
| Omega ratioGain probability vs. loss probability | 10.14 | 1.37 | +8.78 |
| Calmar ratioReturn relative to maximum drawdown | 64.36 | 2.78 | +61.58 |
| Martin ratioReturn relative to average drawdown | 595.33 | 12.44 | +582.89 |
Dividends
Dividend History
US Treasury 6 Month Bill ETF provided a 3.77% dividend yield over the last twelve months, with an annual payout of $1.89 per share.
| Period | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Dividend | $1.89 | $2.01 | $2.45 | $2.15 |
Dividend yield | 3.77% | 4.01% | 4.90% | 4.30% |
Monthly Dividends
The table displays the monthly dividend distributions for US Treasury 6 Month Bill ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.15 | $0.15 | $0.15 | $0.15 | $0.15 | $0.00 | $0.74 | ||||||
| 2025 | $0.00 | $0.17 | $0.17 | $0.17 | $0.17 | $0.17 | $0.18 | $0.17 | $0.17 | $0.16 | $0.15 | $0.31 | $2.01 |
| 2024 | $0.00 | $0.22 | $0.21 | $0.22 | $0.22 | $0.22 | $0.22 | $0.22 | $0.21 | $0.19 | $0.18 | $0.36 | $2.45 |
| 2023 | $0.19 | $0.20 | $0.20 | $0.22 | $0.22 | $0.22 | $0.22 | $0.23 | $0.45 | $2.15 |
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 US Treasury 6 Month 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 US Treasury 6 Month Bill ETF was 0.08%, occurring on Mar 16, 2023. Recovery took 1 trading session.
The current US Treasury 6 Month Bill ETF drawdown is 0.01%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2023 pullback2023 | -0.08%Mar 2023 | 0s | 1d | 1dMar 2023 - Mar 2023 |
2023 pullback2023 | -0.08%Mar 2023 | 1d | 2d | 3dMar 2023 - Mar 2023 |
2024 pullback2024 | -0.07%Aug 2024 | 1d | 3d | 4dAug 2024 - Aug 2024 |
2026 pullback2026 | -0.06%Jun 2026 | 0s | 1d | 1dJun 2026 - Jun 2026 |
2023 pullback2023 | -0.06%Apr 2023 | 0s | 10d | 10dApr 2023 - Apr 2023 |
Drawdown Indicators
| XBIL | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.08% | -56.78% | +56.70% |
Max Drawdown (1Y)Largest decline over 1 year | -0.06% | -9.10% | +9.04% |
Max Drawdown (3Y)Largest decline over 3 years | -0.07% | -18.90% | +18.83% |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.01% | -1.80% | +1.79% |
Average DrawdownAverage peak-to-trough decline | -0.00% | -10.71% | +10.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.01% | 2.03% | -2.02% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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