AVDE vs. BIL
AVDE (Avantis International Equity ETF) and BIL (SPDR Bloomberg 1-3 Month T-Bill ETF) are both exchange-traded funds - AVDE is a Foreign Large Cap Equities fund actively managed by Avantis, while BIL is a Government Bonds fund tracking the Bloomberg 1-3 Month U.S. Treasury Bill Index. AVDE is actively managed, while BIL is passively managed. Over the past 5 years, AVDE returned 9.98%/yr vs 3.43%/yr for BIL. At a correlation of -0.01, they often move in opposite directions. AVDE charges 0.23%/yr vs 0.14%/yr for BIL.
Performance
AVDE vs. BIL - Performance Comparison
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Returns By Period
In the year-to-date period, AVDE achieves a 10.87% return, which is significantly higher than BIL's 1.60% return.
AVDE
- 1D
- 0.59%
- 1M
- 1.98%
- YTD
- 10.87%
- 6M
- 12.42%
- 1Y
- 27.50%
- 3Y*
- 19.56%
- 5Y*
- 9.98%
- 10Y*
- —
BIL
- 1D
- 0.03%
- 1M
- 0.27%
- YTD
- 1.60%
- 6M
- 1.76%
- 1Y
- 3.85%
- 3Y*
- 4.63%
- 5Y*
- 3.43%
- 10Y*
- 2.20%
AVDE vs. BIL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
AVDE Avantis International Equity ETF | 10.87% | 38.05% | 4.88% | 17.18% | -13.68% | 13.62% | 8.26% | 7.95% |
BIL SPDR Bloomberg 1-3 Month T-Bill ETF | 1.60% | 4.15% | 5.19% | 4.94% | 1.40% | -0.10% | 0.40% | 0.41% |
Correlation
The correlation between AVDE and BIL is -0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.07 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.00 |
Correlation (All Time) Calculated using the full available price history since Sep 26, 2019 | -0.01 |
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Return for Risk
AVDE vs. BIL — Risk / Return Rank
AVDE
BIL
AVDE vs. BIL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Avantis International Equity ETF (AVDE) and SPDR Bloomberg 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| AVDE | BIL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -17.87 | ||
| Sortino ratioReturn per unit of downside risk | -172.70 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 88.41 | -87.09 |
| Calmar ratioReturn relative to maximum drawdown | 2.30 | 357.44 | -355.14 |
| Martin ratioReturn relative to average drawdown | 9.00 | 2,834.34 | -2,825.34 |
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Drawdowns
AVDE vs. BIL - Drawdown Comparison
The maximum AVDE drawdown since its inception was -36.99%, which is greater than BIL's maximum drawdown of -0.78%. Use the drawdown chart below to compare losses from any high point for AVDE and BIL.
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Drawdown Indicators
| AVDE | BIL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.99% | -0.78% | -36.21% |
Max Drawdown (1Y)Largest decline over 1 year | -11.48% | -0.01% | -11.47% |
Max Drawdown (3Y)Largest decline over 3 years | -13.46% | -0.01% | -13.45% |
Max Drawdown (5Y)Largest decline over 5 years | -28.73% | -0.09% | -28.64% |
Max Drawdown (10Y)Largest decline over 10 years | — | -0.21% | — |
Current DrawdownCurrent decline from peak | -1.09% | 0.00% | -1.09% |
Average DrawdownAverage peak-to-trough decline | -6.15% | -0.26% | -5.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.94% | 0.00% | +2.94% |
Volatility
AVDE vs. BIL - Volatility Comparison
Avantis International Equity ETF (AVDE) has a higher volatility of 5.57% compared to SPDR Bloomberg 1-3 Month T-Bill ETF (BIL) at 0.06%. This indicates that AVDE'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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Volatility by Period
| AVDE | BIL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.57% | 0.06% | +5.51% |
Volatility (6M)Calculated over the trailing 6-month period | 12.80% | 0.14% | +12.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.06% | 0.20% | +14.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.39% | 0.26% | +16.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.93% | 0.26% | +18.67% |
AVDE vs. BIL - Expense Ratio Comparison
AVDE has a 0.23% 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%.
Dividends
AVDE vs. BIL - Dividend Comparison
AVDE's dividend yield for the trailing twelve months is around 3.84%, which matches BIL's 3.86% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
AVDE Avantis International Equity ETF | 3.84% | 2.66% | 3.29% | 3.01% | 2.79% | 2.46% | 1.63% | 0.29% | 0.00% | 0.00% | 0.00% |
BIL SPDR Bloomberg 1-3 Month T-Bill ETF | 3.86% | 4.13% | 5.03% | 4.92% | 1.35% | 0.00% | 0.30% | 2.05% | 1.66% | 0.68% | 0.07% |
Frequently Asked Questions
AVDE and BIL have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AVDE has higher volatility (5.57%) compared to BIL (0.06%). In terms of maximum drawdown, AVDE dropped -36.99% vs BIL's -0.78%.
On 5-year performance, AVDE leads with 9.98% vs 3.43% for BIL. On fees, BIL is cheaper at 0.14% per year. On volatility, BIL has been the lower-risk option at 0.06%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, AVDE has performed better with a 9.98% return vs 3.43%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BIL is cheaper with a 0.14% expense ratio, compared with 0.23% for AVDE.
BIL has the higher dividend yield at 3.86%, compared with 3.84% for AVDE.
AVDE is categorized as Foreign Large Cap Equities, while BIL is Government Bonds. They also come from different issuers: Avantis and State Street. Their fees differ too: 0.23% for AVDE and 0.14% for BIL.
BIL currently has the higher Sharpe Ratio (19.63 vs 1.76), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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