Correlation
The correlation between ASBAX and BIL is -0.02. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
ASBAX vs. BIL
Compare and contrast key facts about American Funds Short-Term Bond Fund of America (ASBAX) and SPDR Barclays 1-3 Month T-Bill ETF (BIL).
ASBAX is managed by American Funds. It was launched on Oct 2, 2006. 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: ASBAX or BIL.
Performance
ASBAX vs. BIL - Performance Comparison
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Key characteristics
ASBAX:
2.74
BIL:
20.66
ASBAX:
4.80
BIL:
247.18
ASBAX:
1.68
BIL:
141.43
ASBAX:
3.71
BIL:
436.22
ASBAX:
15.80
BIL:
4,016.45
ASBAX:
0.36%
BIL:
0.00%
ASBAX:
2.13%
BIL:
0.23%
ASBAX:
-6.83%
BIL:
-0.77%
ASBAX:
-0.62%
BIL:
0.00%
Returns By Period
In the year-to-date period, ASBAX achieves a 1.75% return, which is significantly higher than BIL's 1.66% return. Over the past 10 years, ASBAX has underperformed BIL with an annualized return of 1.29%, while BIL has yielded a comparatively higher 1.79% annualized return.
ASBAX
1.75%
0.01%
2.44%
5.78%
2.89%
0.99%
1.29%
BIL
1.66%
0.33%
2.13%
4.71%
4.39%
2.60%
1.79%
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ASBAX vs. BIL - Expense Ratio Comparison
ASBAX has a 0.66% expense ratio, which is higher than BIL's 0.14% expense ratio.
Risk-Adjusted Performance
ASBAX vs. BIL — Risk-Adjusted Performance Rank
ASBAX
BIL
ASBAX vs. BIL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for American Funds Short-Term Bond Fund of America (ASBAX) 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.
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Dividends
ASBAX vs. BIL - Dividend Comparison
ASBAX's dividend yield for the trailing twelve months is around 4.02%, less than BIL's 4.68% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ASBAX American Funds Short-Term Bond Fund of America | 4.02% | 4.00% | 3.20% | 1.37% | 0.42% | 2.08% | 1.79% | 1.70% | 1.13% | 0.92% | 1.05% | 0.46% |
BIL SPDR Barclays 1-3 Month T-Bill ETF | 4.68% | 5.03% | 4.92% | 1.35% | 0.00% | 0.30% | 2.05% | 1.66% | 0.68% | 0.07% | 0.00% | 0.00% |
Drawdowns
ASBAX vs. BIL - Drawdown Comparison
The maximum ASBAX drawdown since its inception was -6.83%, which is greater than BIL's maximum drawdown of -0.77%. Use the drawdown chart below to compare losses from any high point for ASBAX and BIL.
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Volatility
ASBAX vs. BIL - Volatility Comparison
American Funds Short-Term Bond Fund of America (ASBAX) has a higher volatility of 0.65% compared to SPDR Barclays 1-3 Month T-Bill ETF (BIL) at 0.07%. This indicates that ASBAX'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.
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