AAA vs. BIL
Compare and contrast key facts about AAF First Priority CLO Bond ETF (AAA) and SPDR Barclays 1-3 Month T-Bill ETF (BIL).
AAA and BIL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. AAA is an actively managed fund by Alternative Access Funds LLC. It was launched on Sep 9, 2020. BIL is a passively managed fund by State Street that tracks the performance of the Barclays Capital U.S. 1-3 Month Treasury Bill Index. It was launched on May 25, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AAA or BIL.
Performance
AAA vs. BIL - Performance Comparison
Returns By Period
In the year-to-date period, AAA achieves a 5.98% return, which is significantly higher than BIL's 4.67% return.
AAA
5.98%
0.42%
3.12%
7.30%
N/A
N/A
BIL
4.67%
0.38%
2.49%
5.22%
2.28%
1.56%
Key characteristics
| AAA | BIL | |
|---|---|---|
| Sharpe Ratio | 3.65 | 20.32 |
| Sortino Ratio | 5.97 | 271.85 |
| Omega Ratio | 1.81 | 157.95 |
| Calmar Ratio | 15.37 | 480.75 |
| Martin Ratio | 69.79 | 4,427.45 |
| Ulcer Index | 0.10% | 0.00% |
| Daily Std Dev | 1.98% | 0.26% |
| Max Drawdown | -2.63% | -0.77% |
| Current Drawdown | -0.24% | 0.00% |
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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%.
Correlation
The correlation between AAA and BIL is 0.12, 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.
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.
Dividends
AAA vs. BIL - Dividend Comparison
AAA's dividend yield for the trailing twelve months is around 6.30%, more than BIL's 5.15% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|
AAA AAF First Priority CLO Bond ETF | 6.30% | 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 | 5.15% | 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.
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 0.07%. 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.