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.
Key characteristics
| ASBAX | BIL | |
|---|---|---|
| YTD Return | 3.62% | 4.55% |
| 1Y Return | 5.70% | 5.30% |
| 3Y Return (Ann) | 1.04% | 3.63% |
| 5Y Return (Ann) | 1.11% | 2.26% |
| 10Y Return (Ann) | 1.11% | 1.55% |
| Sharpe Ratio | 2.47 | 20.60 |
| Sortino Ratio | 4.21 | 338.80 |
| Omega Ratio | 1.60 | 240.57 |
| Calmar Ratio | 1.43 | 489.15 |
| Martin Ratio | 16.29 | 5,520.34 |
| Ulcer Index | 0.34% | 0.00% |
| Daily Std Dev | 2.26% | 0.26% |
| Max Drawdown | -6.83% | -0.77% |
| Current Drawdown | -0.70% | 0.00% |
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
In the year-to-date period, ASBAX achieves a 3.62% return, which is significantly lower than BIL's 4.55% return. Over the past 10 years, ASBAX has underperformed BIL with an annualized return of 1.11%, while BIL has yielded a comparatively higher 1.55% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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 3.93%, less than BIL's 5.15% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ASBAX American Funds Short-Term Bond Fund of America | 3.93% | 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 | 5.15% | 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 0.54% compared to SPDR Barclays 1-3 Month T-Bill ETF (BIL) at 0.08%. 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.