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.
Correlation
The correlation between ASBAX and BIL is 0.04, 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.
Performance
ASBAX vs. BIL - Performance Comparison
Key characteristics
ASBAX:
1.86
BIL:
20.40
ASBAX:
3.02
BIL:
267.32
ASBAX:
1.44
BIL:
155.34
ASBAX:
1.74
BIL:
474.13
ASBAX:
9.41
BIL:
4,351.90
ASBAX:
0.42%
BIL:
0.00%
ASBAX:
2.12%
BIL:
0.25%
ASBAX:
-6.83%
BIL:
-0.77%
ASBAX:
-0.80%
BIL:
0.00%
Returns By Period
In the year-to-date period, ASBAX achieves a 3.51% return, which is significantly lower than BIL's 5.08% return. Over the past 10 years, ASBAX has underperformed BIL with an annualized return of 1.13%, while BIL has yielded a comparatively higher 1.61% annualized return.
ASBAX
3.51%
0.11%
2.47%
3.82%
1.06%
1.13%
BIL
5.08%
0.36%
2.49%
5.17%
2.33%
1.61%
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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 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.
Dividends
ASBAX vs. BIL - Dividend Comparison
ASBAX's dividend yield for the trailing twelve months is around 3.63%, less than BIL's 5.03% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ASBAX American Funds Short-Term Bond Fund of America | 3.63% | 3.20% | 1.37% | 0.42% | 1.11% | 1.76% | 1.70% | 1.13% | 0.89% | 0.86% | 0.39% | 0.61% |
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% | 0.00% | 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. For additional features, visit the drawdowns tool.
Volatility
ASBAX vs. BIL - Volatility Comparison
American Funds Short-Term Bond Fund of America (ASBAX) has a higher volatility of 0.42% compared to SPDR Barclays 1-3 Month T-Bill ETF (BIL) at 0.06%. 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.