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AAA vs. BIL
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between AAA and BIL is 0.10, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.


-0.50.00.51.00.1

Performance

AAA vs. BIL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AAF First Priority CLO Bond ETF (AAA) and SPDR Barclays 1-3 Month T-Bill ETF (BIL). The values are adjusted to include any dividend payments, if applicable.

8.00%10.00%12.00%14.00%16.00%18.00%JulyAugustSeptemberOctoberNovemberDecember
17.82%
11.71%
AAA
BIL

Key characteristics

Sharpe Ratio

AAA:

3.65

BIL:

20.41

Sortino Ratio

AAA:

6.15

BIL:

270.79

Omega Ratio

AAA:

1.81

BIL:

157.34

Calmar Ratio

AAA:

18.15

BIL:

480.44

Martin Ratio

AAA:

70.08

BIL:

4,409.89

Ulcer Index

AAA:

0.10%

BIL:

0.00%

Daily Std Dev

AAA:

1.87%

BIL:

0.26%

Max Drawdown

AAA:

-2.63%

BIL:

-0.77%

Current Drawdown

AAA:

0.00%

BIL:

0.00%

Returns By Period

In the year-to-date period, AAA achieves a 6.71% return, which is significantly higher than BIL's 5.08% return.


AAA

YTD

6.71%

1M

0.44%

6M

3.18%

1Y

6.92%

5Y*

N/A

10Y*

N/A

BIL

YTD

5.08%

1M

0.40%

6M

2.51%

1Y

5.18%

5Y*

2.33%

10Y*

1.61%

Compare stocks, funds, or ETFs

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


AAA vs. BIL - Expense Ratio Comparison

AAA has a 0.25% expense ratio, which is higher than BIL's 0.14% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.


AAA
AAF First Priority CLO Bond ETF
Expense ratio chart for AAA: current value at 0.25% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.25%
Expense ratio chart for BIL: current value at 0.14% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.14%

Risk-Adjusted Performance

AAA vs. BIL - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for AAF First Priority CLO Bond ETF (AAA) and SPDR Barclays 1-3 Month T-Bill ETF (BIL). 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.


Sharpe ratio
The chart of Sharpe ratio for AAA, currently valued at 3.65, compared to the broader market0.002.004.003.6520.41
The chart of Sortino ratio for AAA, currently valued at 6.15, compared to the broader market-2.000.002.004.006.008.0010.006.15270.79
The chart of Omega ratio for AAA, currently valued at 1.81, compared to the broader market0.501.001.502.002.503.001.81157.34
The chart of Calmar ratio for AAA, currently valued at 18.15, compared to the broader market0.005.0010.0015.0018.15480.44
The chart of Martin ratio for AAA, currently valued at 70.08, compared to the broader market0.0020.0040.0060.0080.00100.0070.084,409.89
AAA
BIL

The current AAA Sharpe Ratio is 3.65, which is lower than the BIL Sharpe Ratio of 20.41. The chart below compares the historical Sharpe Ratios of AAA and BIL, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio5.0010.0015.0020.00JulyAugustSeptemberOctoberNovemberDecember
3.65
20.41
AAA
BIL

Dividends

AAA vs. BIL - Dividend Comparison

AAA's dividend yield for the trailing twelve months is around 6.21%, more than BIL's 5.03% yield.


TTM20232022202120202019201820172016
AAA
AAF First Priority CLO Bond ETF
6.21%6.12%2.78%1.06%0.32%0.00%0.00%0.00%0.00%
BIL
SPDR Barclays 1-3 Month T-Bill ETF
5.03%4.92%1.35%0.00%0.30%2.05%1.66%0.68%0.07%

Drawdowns

AAA vs. BIL - Drawdown Comparison

The maximum AAA drawdown since its inception was -2.63%, which is greater than BIL's maximum drawdown of -0.77%. Use the drawdown chart below to compare losses from any high point for AAA and BIL. For additional features, visit the drawdowns tool.


-0.40%-0.30%-0.20%-0.10%0.00%JulyAugustSeptemberOctoberNovemberDecember00
AAA
BIL

Volatility

AAA vs. BIL - Volatility Comparison

AAF First Priority CLO Bond ETF (AAA) has a higher volatility of 0.54% compared to SPDR Barclays 1-3 Month T-Bill ETF (BIL) at 0.06%. This indicates that AAA's price experiences larger fluctuations and is considered to be riskier than BIL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.00%0.20%0.40%0.60%0.80%JulyAugustSeptemberOctoberNovemberDecember
0.54%
0.06%
AAA
BIL
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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