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:
2.81
BIL:
20.84
ASBAX:
4.85
BIL:
260.31
ASBAX:
1.73
BIL:
151.29
ASBAX:
2.73
BIL:
459.82
ASBAX:
16.03
BIL:
4,235.07
ASBAX:
0.35%
BIL:
0.00%
ASBAX:
2.02%
BIL:
0.24%
ASBAX:
-6.83%
BIL:
-0.77%
ASBAX:
0.00%
BIL:
0.00%
Returns By Period
In the year-to-date period, ASBAX achieves a 0.97% return, which is significantly higher than BIL's 0.67% return. Over the past 10 years, ASBAX has underperformed BIL with an annualized return of 1.27%, while BIL has yielded a comparatively higher 1.69% annualized return.
ASBAX
0.97%
0.76%
1.81%
5.00%
1.06%
1.27%
BIL
0.67%
0.36%
2.29%
4.96%
2.44%
1.69%
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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.
Dividends
ASBAX vs. BIL - Dividend Comparison
ASBAX's dividend yield for the trailing twelve months is around 3.69%, less than BIL's 4.54% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ASBAX American Funds Short-Term Bond Fund of America | 3.69% | 4.00% | 3.20% | 1.37% | 0.42% | 1.11% | 1.76% | 1.70% | 1.13% | 0.89% | 0.86% | 0.39% |
BIL SPDR Barclays 1-3 Month T-Bill ETF | 4.54% | 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. 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 0.55% compared to SPDR Barclays 1-3 Month T-Bill ETF (BIL) at 0.04%. 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.